Civic Intelligence

Concrete Advancement Foundation Inc

EIN 52-1680963 • 501(c)3 • Alexandria, VA

Profile

The Foundation is dedicated to enhancing and strengthening the concrete industry through independent research and quality education programming.

66 Canal Center Plaza 250Alexandria, VA 22314

concreteadvancement.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

10th percentile

0.01x

Higher debt load relative to assets than 10% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

15th percentile

0.05x

Higher debt load relative to revenue than 15% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Net Margin

63rd percentile

10.0%

Higher net margin than 63% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

68th percentile

$350,818

Higher top officer pay than 68% of similar nonprofits.

Top officer pay equals 11.9% of source-year revenue.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Asset Growth

45th percentile

3.7%

Faster asset growth than 45% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

65th percentile

16%

Faster revenue growth than 65% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets10th percentile

Assets

Up

$26,365,712

Up $934,302 (+3.7%) from 2023

Liabilities

Down

$139,896

Down $42,265 (-23%) from 2023

Net Assets

Up

$26,225,816

Up $976,567 (+3.9%) from 2023

Operations
Liabilities / Revenue15th percentileNet Margin63rd percentile

Revenue

Up

$2,954,224

Up $398,825 (+16%) from 2023

Expenses

Down

$2,660,100

Down $141,965 (-5.1%) from 2023

Net Income

Up

$294,124

Up $540,790 (+219%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth45th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$30M$20M$10M$0Assets 2011: $14,181,971Liabilities 2011: $182,040Net Assets 2011: $13,999,9312011Assets 2012: $14,810,002Liabilities 2012: $57,660Net Assets 2012: $14,752,3422012Assets 2013: $15,638,149Liabilities 2013: $70,851Net Assets 2013: $15,567,2982013Assets 2014: $16,153,848Liabilities 2014: $37,054Net Assets 2014: $16,116,7942014Assets 2015: $15,443,342Liabilities 2015: $407,089Net Assets 2015: $15,036,2532015Assets 2016: $21,025,663Liabilities 2016: $196,057Net Assets 2016: $20,829,6062016Assets 2017: $24,864,787Liabilities 2017: $111,974Net Assets 2017: $24,752,8132017Assets 2018: $23,467,528Liabilities 2018: $51,388Net Assets 2018: $23,416,1402018Assets 2019: $25,691,464Liabilities 2019: $84,059Net Assets 2019: $25,607,4052019Assets 2020: $27,410,998Liabilities 2020: $182,803Net Assets 2020: $27,228,1952020Assets 2021: $29,901,660Liabilities 2021: $162,199Net Assets 2021: $29,739,4612021Assets 2022: $24,289,355Liabilities 2022: $195,653Net Assets 2022: $24,093,7022022Assets 2023: $25,431,410Liabilities 2023: $182,161Net Assets 2023: $25,249,2492023Assets 2024: $26,365,712Liabilities 2024: $139,896Net Assets 2024: $26,225,8162024

Highlighted filing

2024

Assets$26,365,712
Liabilities$139,896
Net Assets$26,225,816
Open 2024 Filing

Operations Trend

Revenue Growth65th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $1,355,356Expenses 2011: $1,958,879Net Income 2011: -$603,5232011Revenue 2012: $1,893,972Expenses 2012: $1,892,874Net Income 2012: $1,0982012Revenue 2013: $1,788,460Expenses 2013: $1,769,037Net Income 2013: $19,4232013Revenue 2014: $2,299,265Expenses 2014: $1,699,348Net Income 2014: $599,9172014Revenue 2015: $1,782,510Expenses 2015: $1,739,388Net Income 2015: $43,1222015Revenue 2016: $6,843,914Expenses 2016: $1,908,454Net Income 2016: $4,935,4602016Revenue 2017: $5,598,917Expenses 2017: $1,912,058Net Income 2017: $3,686,8592017Revenue 2018: $1,925,786Expenses 2018: $1,674,313Net Income 2018: $251,4732018Revenue 2019: $1,158,722Expenses 2019: $1,743,342Net Income 2019: -$584,6202019Revenue 2020: $1,932,666Expenses 2020: $1,668,355Net Income 2020: $264,3112020Revenue 2021: $2,739,375Expenses 2021: $1,675,899Net Income 2021: $1,063,4762021Revenue 2022: $2,022,609Expenses 2022: $2,294,692Net Income 2022: -$272,0832022Revenue 2023: $2,555,399Expenses 2023: $2,802,065Net Income 2023: -$246,6662023Revenue 2024: $2,954,224Expenses 2024: $2,660,100Net Income 2024: $294,1242024

Highlighted filing

2024

Revenue$2,954,224
Expenses$2,660,100
Net Income$294,124
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$26,365,712
Liabilities
$139,896
Net assets
$26,225,816
Revenue
$2,954,224
Expenses
$2,660,100
Net income
$294,124
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$26.4$0.14$26.2$2.95$2.66$0.29
2023Detailed filing. Detailed filing data is available for this year.$25.4$0.18$25.2$2.56$2.80$0.25
2022Detailed filing. Detailed filing data is available for this year.$24.3$0.20$24.1$2.02$2.29$0.27
2021Detailed filing. Detailed filing data is available for this year.$29.9$0.16$29.7$2.74$1.68$1.06
2020Detailed filing. Detailed filing data is available for this year.$27.4$0.18$27.2$1.93$1.67$0.26
2019Detailed filing. Detailed filing data is available for this year.$25.7$0.08$25.6$1.16$1.74$0.58
2018Detailed filing. Detailed filing data is available for this year.$23.5$0.05$23.4$1.93$1.67$0.25
2017Detailed filing. Detailed filing data is available for this year.$24.9$0.11$24.8$5.60$1.91$3.69
2016Detailed filing. Detailed filing data is available for this year.$21.0$0.20$20.8$6.84$1.91$4.94
2015Detailed filing. Detailed filing data is available for this year.$15.4$0.41$15.0$1.78$1.74$0.04
2014Detailed filing. Detailed filing data is available for this year.$16.2$0.04$16.1$2.30$1.70$0.60
2013Summary only. Only limited summary data is available for this year.$15.6$0.07$15.6$1.79$1.77$0.02
2012Summary only. Only limited summary data is available for this year.$14.8$0.06$14.8$1.89$1.89$0.00
2011Summary only. Only limited summary data is available for this year.$14.2$0.18$14.0$1.36$1.96$0.60
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Aug 13, 2025
Return Version
2024v5.2
Gross Receipts
$12,129,941
Mission and Program Overview

Mission

The Foundation is dedicated to enhancing and strengthening the ready mixed concrete industry through independent research and quality education programming.

The Foundation is dedicated to enhancing and strengthening the concrete industry through independent research and quality education programming.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$24,309,779$24,830,232▲ $520,453
Pledges and Grants Receivable$481,738$704,258▲ $222,520
Prepaid Expenses and Deferred Charges$208,336$425,004▲ $216,668
Savings and Temporary Cash Investments$336,747$323,194▼ $13,553
Cash and Non-Interest-Bearing Accounts-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$25,431,410$26,365,712▲ $934,302
Other Assets Total$94,810$83,024▼ $11,786
Liabilities
Accounts Payable and Accrued Expenses$182,161$139,896▼ $42,265
Total Liabilities$182,161$139,896▼ $42,265
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$24,652,936$25,410,258▲ $757,322
Net Assets With Donor Restrictions$596,313$815,558▲ $219,245
Total Net Assets Fund Balance$25,249,249$26,225,816▲ $976,567
Total Liabilities and Net Assets / Fund Balance$25,431,410$26,365,712▲ $934,302

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$80,000$80,000

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$596,313$628,820-$409,575$815,558
2023$821,440$220,922▲ $3,319$449,368$596,313
2022$1,311,373$131,917-$621,850$821,440
2021$1,570,873$897,158-$1,156,658$1,311,373
2020$3,391,732$294,658-$2,115,517$1,570,873
Compensation and Service Providers
Top Officer Pay68th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Julie GarbiniPresidentFT$264,223$86,595$350,818

Board Members and Trustees

NameTitle
Francis Hall ChaneyChairman
Jamie GentosoPast Chairman
Bill MullenVice Chairman
Abbott LawrenceTrustee
Alan WesselTrustee
Bruce ChristensenTrustee
Christopher SchenoneTrustee
David LoomesTrustee
Donald V IngrassanoTrustee
Henry R BattenTrustee
Joe RocheTrustee
Joel GalassiniTrustee
John ErnstTrustee
John HollidayTrustee
Jonathan RandallTrustee
Kelly CurtisTrustee
Martin WilloughbyTrustee
Massimo TosoTrustee
Matteo RozzanigoTrustee
Michael HaackTrustee
Michael IrelandTrustee
Rick BohanTrustee
Rodney GroganTrustee
Scott ParsonTrustee
Steve WilliamsTrustee
Tim BeckenTrustee
Tom StrittmatterTrustee
Pete LyonsSecretary/Trea.
Revenue and Support

Revenue Composition

Contributions and Grants
$1,028,665
Program Service Revenue
$0
Investment Income
$1,925,559
Other Revenue
$0
All Other Contributions
$1,028,665
Change in Net Assets
$294,124

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,834,328
Revenue Not Reported on Financial Statements
$119,896
Revenue Not Reported on Form 990
$827,339
Total Revenue per Audited Statements
$3,661,667
Total Revenue per Form 990
$2,954,224
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$2,046,982
Salaries, Compensation, and Employee Benefits$483,127
Other Expenses$129,991
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$2,046,982--$2,046,982
Current Officers, Directors, Trustees, and Key Employees$298,196$52,622-$350,818
Other Salaries and Wages$64,993$16,379-$81,372
Fees for Services Accounting-$44,561-$44,561
Payroll Taxes$19,612$4,097-$23,709
Other Employee Benefits$17,735$4,435-$22,170
Travel$9,159$7,907-$17,066
Insurance-$6,179-$6,179
Pension Plan Contributions$4,046$1,012-$5,058
Other Expenses-$4,308-$4,308
Conferences and Meetings$1,175$2,596-$3,771
Information Technology-$2,999-$2,999
All Other Expenses-$2,852-$2,852
Office Expenses-$629-$629
Total Functional Expenses$2,461,898$198,202$0$2,660,100

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,685,100
Expenses per Audited Statements$2,660,100
Total Expenses per Form 990$2,660,100
Expenses Not Reported on Form 990$25,000
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
see attached scheduleAlexandria, VA--$2,046,982
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The Executive Director reviews the Form 990 prior to filing with the Internal Revenue Service.”

Form 990, Part VI, Section C, Line 19

“available to public upon request.”

Filing and Contact Details

Filer

Filer Name
Concrete Advancement Foundation Inc
EIN
52-1680963
Phone
7037064800
Address
66 CANAL CENTER PLAZA 250, ALEXANDRIA, VA 22314

Signing Officer

Name
Julie Garbini
Title
President
Signed
2025-08-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Julie Garbini
Formed
1990
Legal Domicile
Md
Voting Board Members
28
Independent Board Members
28
Employees
0

Preparer

Firm
T&F Certified Public Accountants LLC
Address
2 Professional Dr Ste 230, Gaithersburg, MD 20879
Preparer
Mitchell A Freed CPA
Phone
5712764322
Supplemental Narrative

Financial Statement Notes

Part V, Line 4: Intended uses of the endowment fund.

“enhancing and strengthening the concrete industry through independent research and quality educational programming.”

Part X : FIN48 Footnote

“The Foundation is exempt from federal income taxes as an organization described under the Internal Revenue Code (IRC) Section 501(c)(3), except for net income derived from unrelated business activities, if any. The Foundation's open audit periods are 2021 through 2023. In accordance with ASC No. 740-10, "Income Taxes" that was issued, and prescribes a comprehensive model for how an organization should measure, recognize, present, and disclose uncertain tax positions taken on its tax return. The Foundation believes that it has appropriate support for tax positions taken and, as such, does not have any uncertain tax positions that are material to the financial statements.”

Raw XML AppendixShowing 400 of 742 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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