Civic Intelligence

Associated Builders & Contractors of the Carolinas

990 • Fiscal year 2020 • EIN 56-2067083

Jan 01, 2020 to Dec 31, 2020 • Filed on Jun 01, 2021

610 Minuet LaneCharlotte, NC 28217

(704) 367-1331

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

74th percentile

0.34x

Higher debt load relative to assets than 74% of similar nonprofits.

2020 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

68th percentile

0.36x

Higher debt load relative to revenue than 68% of similar nonprofits.

2020 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2020

Net Margin

97th percentile

51%

Higher net margin than 97% of similar nonprofits.

2020 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

36th percentile

$103,158

Higher top officer pay than 36% of similar nonprofits.

Top officer pay equals 5.1% of source-year revenue.

2020 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2020

Asset Growth

24th percentile

-3.2%

Faster asset growth than 24% of similar nonprofits.

2020 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

98th percentile

93%

Faster revenue growth than 98% of similar nonprofits.

2020 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Down

$2,106,324

Down $69,656 (-3.2%) from 2019

Net Assets

Up

$1,379,933

Up $1,031,708 (+296%) from 2019

Liabilities

Down

$726,391

Down $1,101,364 (-60%) from 2019

Revenue

Up

$2,012,489

Up $968,361 (+93%) from 2019

Expenses

Down

$980,781

Down $216,976 (-18%) from 2019

Net Income

Up

$1,031,708

Up $1,185,337 (+772%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2010: $679,986Liabilities 2010: $103,031Net Assets 2010: $576,9552010Assets 2011: $540,342Liabilities 2011: $85,732Net Assets 2011: $454,6102011Assets 2012: $1,175,938Liabilities 2012: $635,030Net Assets 2012: $540,9082012Assets 2013: $1,139,784Liabilities 2013: $623,418Net Assets 2013: $516,3662013Assets 2014: $1,316,116Liabilities 2014: $595,242Net Assets 2014: $720,8742014Assets 2015: $1,328,436Liabilities 2015: $610,277Net Assets 2015: $718,1592015Assets 2016: $1,638,418Liabilities 2016: $1,202,058Net Assets 2016: $436,3602016Assets 2017: $2,748,379Liabilities 2017: $2,166,857Net Assets 2017: $581,5222017Assets 2018: $2,318,386Liabilities 2018: $1,816,532Net Assets 2018: $501,8542018Assets 2019: $2,175,980Liabilities 2019: $1,827,755Net Assets 2019: $348,2252019Assets 2020: $2,106,324Liabilities 2020: $726,391Net Assets 2020: $1,379,9332020Assets 2021: $2,148,348Liabilities 2021: $596,165Net Assets 2021: $1,552,1832021Assets 2022: $2,838,283Liabilities 2022: $1,377,163Net Assets 2022: $1,461,1202022Assets 2023: $2,672,093Liabilities 2023: $1,077,575Net Assets 2023: $1,594,5182023Assets 2024: $2,618,472Liabilities 2024: $911,008Net Assets 2024: $1,707,4642024

Highlighted filing

2020

Assets$2,106,324
Liabilities$726,391
Net Assets$1,379,933

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2010: $1,430,390Expenses 2010: $1,340,360Net Income 2010: $90,0302010Revenue 2011: $1,441,928Expenses 2011: $1,564,273Net Income 2011: -$122,3452011Expenses 2012: $1,477,0932012Revenue 2013: $1,589,373Expenses 2013: $1,613,915Net Income 2013: -$24,5422013Revenue 2014: $1,783,978Expenses 2014: $1,579,470Net Income 2014: $204,5082014Revenue 2015: $1,694,640Expenses 2015: $1,697,355Net Income 2015: -$2,7152015Revenue 2016: $1,798,978Expenses 2016: $1,754,531Net Income 2016: $44,4472016Revenue 2017: $2,200,794Expenses 2017: $2,055,632Net Income 2017: $145,1622017Revenue 2018: $1,401,625Expenses 2018: $1,560,679Net Income 2018: -$159,0542018Revenue 2019: $1,044,128Expenses 2019: $1,197,757Net Income 2019: -$153,6292019Revenue 2020: $2,012,489Expenses 2020: $980,781Net Income 2020: $1,031,7082020Revenue 2021: $1,356,343Expenses 2021: $1,229,495Net Income 2021: $126,8482021Revenue 2022: $1,651,559Expenses 2022: $1,574,752Net Income 2022: $76,8072022Revenue 2023: $1,740,566Expenses 2023: $1,736,291Net Income 2023: $4,2752023Revenue 2024: $1,671,046Expenses 2024: $1,682,865Net Income 2024: -$11,8192024

Highlighted filing

2020

Revenue$2,012,489
Expenses$980,781
Net Income$1,031,708
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Jun 1, 2021
Return Version
2020v4.0
Gross Receipts
$3,895,926
Mission and Program Overview

Mission

To promote and improve the image of construction and address the many issues facing the industry.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$339,825$2,024,269▲ $1,684,444
Prepaid Expenses and Deferred Charges$14,434$35,494▲ $21,060
Land, Buildings, and Equipment, Net$1,789,507$27,011▼ $1,762,496
Accounts Receivable$21,476$19,550▼ $1,926
Pledges and Grants Receivable$10,738$0▼ $10,738
Savings and Temporary Cash Investments-$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-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$2,175,980$2,106,324▼ $69,656
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,418,138--
Deferred Revenue$265,066$514,233▲ $249,167
Accounts Payable and Accrued Expenses$111,319$194,336▲ $83,017
Other Liabilities$33,232$17,822▼ $15,410
Total Liabilities$1,827,755$726,391▼ $1,101,364
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$348,225$1,379,933▲ $1,031,708
Total Net Assets Fund Balance$348,225$1,379,933▲ $1,031,708
Total Liabilities and Net Assets / Fund Balance$2,175,980$2,106,324▼ $69,656

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$20,276$107,886$128,162
Leasehold Improvements$6,735-$6,735
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Amy Sullivan HicksPresident & CEOFT$96,489$6,669$103,158

Board Members and Trustees

NameTitle
Rob BealeChair Elect
Derek LanningChairman
David KnudsonPast Chair
Chris DarlingDirector
Chris MooreDirector
Emory SadlerDirector
Fred AdamsDirector
Harley GarrisonDirector
Jason MooreDirector
Josh MauneyDirector
Sam HayesDirector
Scott ColterDirector
Scott MayerDirector
Shane WycuffDirector
Allen AmslerSecretary
Cristi LewisTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$53,096
Program Service Revenue
$818,236
Investment Income
$1,087,438
Other Revenue
$53,719
All Other Contributions
$53,096
Change in Net Assets
$1,031,708

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,012,489
Revenue Not Reported on Form 990
$156,028
Total Revenue per Audited Statements
$2,168,517
Total Revenue per Form 990
$2,012,489
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$580,515
Salaries, Compensation, and Employee Benefits$400,266
Total Fundraising Expense$141,266
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$115,872$95,075$86,161$297,108
Current Officers, Directors, Trustees, and Key Employees$40,232$33,010$29,916$103,158
Fees for Services Other$13,035$52,140-$65,175
Occupancy$17,256$29,581$2,465$49,302
Office Expenses$13,259$11,468$11,109$35,836
Travel$9,357$14,659$7,174$31,190
Other Expenses$13,321$23,912$4,441$23,912
Insurance$1,756$15,800-$17,556
All Other Expenses$11,624$260-$11,884
Conferences and Meetings$2,685$4,028-$6,713
Total Functional Expenses$443,950$395,565$141,266$980,781

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,136,809
Expenses per Audited Statements$980,781
Total Expenses per Form 990$980,781
Expenses Not Reported on Form 990$156,028
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$115,771
Fundraising Direct Expenses$115,472
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Regional Events$91,071$91,071$77,533$13,538
EIC Gala$24,700$24,700$37,939$-13,239
Total Events$115,771$115,771$115,472$299
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
No
Subject to proxy tax
Yes

Reported Spending and Taxes

Line ItemAmount
Current Year Nondeductible Lobbying and Political Cost$11,624
Total Nondeductible Lobbying and Political Cost$-216,579
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Capital Lease$17,822
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
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, Line 6: Explanation of Classes of Members or Shareholder

The Organization has the following categories of membership:(A) Contractor members shall be defined to be any person, firm or corporation engaged in any work related to the construction industry as a contractor who provides labor to the construction site. Members of this chapter shall be contractors defined in the bylaws of ABCC, of good reputation, who have their office in the area served by this chapter, and who shall have applied for and been accepted in due form to membership in this chapter, subject to the provisions of the bylaws herein set forth.(B) Multiple members of this chapter sahll be members who qualify as follows: Multiple members shall be defined to be a member of another chapter or a national member at-large who becomes a member under the same name in this chapter.(C) Sustaining members shall be defined to be a member, life member, firm, industry association, foundation, or any other group or individual who agrees to make a voluntary contribution to help defray the costs of furthering the objectives, purposes and programs of the chapter.(D) Supplier, industry professional members of this chapter shall be those who qualify under one of the paragraphs (1) or (2) below. (1) Supplier members shall be defined to be any person, firm or corporation engaged in any work related to the construction industry and who furnishes material, but not construction labor, except for the temporary construction labor, to the construction site. (2) Industry professional members shall be defined to be any person, firm or corporation engaged in any work related to the construction industry who does not furnish labor and/or material to construction sites.(E) Honorary life membership in the chapter may be extended to an individual retired from an active roll in the industry who wishes to continue to participate in furthering the objective, purposes and programs of the chapter. An honorary life member must have contributed an outstanding service to the chapter and be recommended to the local board of directors for approval as a life member of the chapter.(F) There shall be established an honor roll of ABCC members consisting of any ABCC member or employee who has passed away and whom the ABCC board of directors certifies as having been instrumental in shaping the contracting industry for North & South Carolina.

Form 990, Part VI, Line 11B: Form 990 Review Process

The Organization's Form 990 was prepared by an oustide accounting firm. Once completed, the return was reviewed by the Executive Committee.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

The policy is reviewed annually at the January board meeting, explained to the board members and officers, and discussed to identify any potential conflicts of interest.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

Compensation is determined annually by a committee consisting of the board of directors. The compensation for the President is established using comparable association data obtained from ABC National, and the president's performance benchmarked against the Chapter's strategic plan.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

The Organization makes its financial statements, governing documents, and conflict of interest policy available upon request at the Organization's office.Recent filings of the Form 990 can also be found at www.guidestar.org

Filing and Contact Details

Filer

Filer Name
Associated Builders and Contractors
EIN
56-2067083
Phone
7043671331
Address
610 Minuet Lane, Charlotte, NC 28217

Signing Officer

Name
Amy Sullivan Hicks
Title
President
Signed
2021-06-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Amy Sullivan Hicks
Formed
1998
Legal Domicile
Nc
Voting Board Members
16
Independent Board Members
16
Employees
3
Volunteers
30

Preparer

Firm
C DeWitt Foard & Co PA CPAs
Address
817 E Morehead Street Ste 100, Charlotte, NC 28202
Preparer
Garrett Summers
Phone
7043721515
Supplemental Narrative

Financial Statement Notes

Part XI, Line 2D: Other revenue amounts included in F/S but not included on form 990

Special Event Expenses $115472 Rental Expenses $40556

Part XII, Line 2D: Other expenses and losses per audited F/S

Special Event Expenses $115472 Rental Expenses $40556

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IRS990/Form990PartVIISectionAGrp/PersonNm16Cristi Lewis
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IRS990/Form990PartVIISectionAGrp/TitleTxt0President & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Past Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt8Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13Chair Elect
IRS990/Form990PartVIISectionAGrp/TitleTxt14Director
IRS990/Form990PartVIISectionAGrp/TitleTxt15Director
IRS990/Form990PartVIISectionAGrp/TitleTxt16Treasurer
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IRS990/MinutesOfCommitteesInd0true
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IRS990/NetAssetsOrFundBalancesBOYAmt0348225
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IRS990/NetGainOrLossInvestmentsGrp/UnrelatedBusinessRevenueAmt0469348
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IRS990/NetRentalIncomeOrLossGrp/UnrelatedBusinessRevenueAmt0-6498
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IRS990/OtherExpensesGrp/Desc1UBIT
IRS990/OtherExpensesGrp/Desc2Telecommunications
IRS990/OtherExpensesGrp/Desc3Bank Fees
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0103790
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt111842
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IRS990/OtherExpensesGrp/TotalAmt1103790
IRS990/OtherExpensesGrp/TotalAmt229604
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IRS990/OtherRevenueMiscGrp/Desc0Miscellaneous
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IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt095075
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IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
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IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt014434
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt035494
IRS990/PrincipalOfficerNm0Amy Sullivan Hicks
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IRS990/ProgramServiceRevenueGrp/Desc0Annual Sponsorship
IRS990/ProgramServiceRevenueGrp/Desc1Apprenticeship Fee
IRS990/ProgramServiceRevenueGrp/Desc2Leadership
IRS990/ProgramServiceRevenueGrp/Desc3Membership Dues & Assessments
IRS990/ProgramServiceRevenueGrp/Desc4Safety Seminars
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt096760
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1196959
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt211200
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3480189
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt429615
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt096760
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1196959
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt211200
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3480189
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt429615
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt030624
IRS990/PYInvestmentIncomeAmt033738
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0696001
IRS990/PYOtherRevenueAmt0-12738
IRS990/PYProgramServiceRevenueAmt0992504
IRS990/PYRevenuesLessExpensesAmt0-153629
IRS990/PYSalariesCompEmpBnftPaidAmt0501756
IRS990/PYTotalExpensesAmt01197757
IRS990/PYTotalRevenueAmt01044128
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt01031708
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt0-6498
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IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.62$0.91$1.71$1.67$1.68$0.01
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.67$1.08$1.59$1.74$1.74$0.00
2022Detailed filing. Detailed filing data is available for this year.$2.84$1.38$1.46$1.65$1.57$0.08
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.15$0.60$1.55$1.36$1.23$0.13
2020Detailed filing. Detailed filing data is available for this year.$2.11$0.73$1.38$2.01$0.98$1.03
2019Detailed filing. Detailed filing data is available for this year.$2.18$1.83$0.35$1.04$1.20$0.15
2018Detailed filing. Detailed filing data is available for this year.$2.32$1.82$0.50$1.40$1.56$0.16
2017Detailed filing. Detailed filing data is available for this year.$2.75$2.17$0.58$2.20$2.06$0.15
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.64$1.20$0.44$1.80$1.75$0.04
2015Detailed filing. Detailed filing data is available for this year.$1.33$0.61$0.72$1.69$1.70$0.00
2014Detailed filing. Detailed filing data is available for this year.$1.32$0.60$0.72$1.78$1.58$0.20
2013Detailed filing. Detailed filing data is available for this year.$1.14$0.62$0.52$1.59$1.61$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.18$0.64$0.54$1.48
2011Summary only. Only limited summary data is available for this year.$0.54$0.09$0.45$1.44$1.56$0.12
2010Summary only. Only limited summary data is available for this year.$0.68$0.10$0.58$1.43$1.34$0.09