Foundation Of The American Subcontractors Association Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 521573841 ✦ Alexandria, VA ✦ Designated as a 501(c)(3)

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Overview

What is Foundation Of The American Subcontractors Association Inc?

The Foundation of the American Subcontractors Association Inc., situated in Alexandria, Virginia, is a nonprofit organization committed to enhancing the construction industry. They conduct and fund research on various industry aspects, disseminating the findings to relevant parties through publications and discussions. Additionally, they offer business management education to the construction sector, providing educational resources via written materials, recorded content, and online discussion groups. Their mission is to improve business practices in the construction industry through research, education, and information dissemination.


Official website here: www.asaonline.com

What are the reviews and ratings of this charity?

Charity Navigator Rating: 97% Four-Star out of Four Star Rating

The Foundation of the American Subcontractors Association Inc has received a commendable score of 97%, which translates to a Four-Star rating. This high score is indicative of excellent accountability and financial management, reflecting the organization's commitment to transparency and effective use of resources. The rating is primarily based on accountability and finance metrics, showcasing the foundation's meticulous adherence to best practices.

The organization demonstrates strong governance, evidenced by having a fully independent board of directors and no material diversion of assets. Additionally, it maintains comprehensive policies regarding conflicts of interest, whistleblower protections, and document retention. These aspects highlight its dedication to ethical practices and responsible oversight.

Financially, the foundation excels with a program expense ratio of 76.28%, meaning a significant portion of its expenditures directly supports its mission. Its liabilities are also well-managed, with a low ratio of 1.40%, indicating a solid financial position. Overall, while the organization shows exceptional strengths in governance and financial health, further details on program impact could enhance understanding of its overall effectiveness.


This AI summary has been generated from information found on Charity Navigator.

Is Foundation Of The American Subcontractors Association Inc legitimate?

Foundation Of The American Subcontractors Association Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Foundation Of The American Subcontractors Association Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.asaonline.com

What is the mission statement of Foundation Of The American Subcontractors Association Inc?

The Foundation of the American Subcontractors Association Inc. is committed to improving business practices within the construction industry. They accomplish this goal through various means, including conducting and funding research, providing education, and disseminating information. Their research efforts have resulted in academic studies on the construction industry, with the findings being shared within the industry. In terms of education, they offer business management programs through various resources such as written materials, recorded materials, and the internet, including discussion groups. Furthermore, the foundation communicates effectively and interactively, publishing a quarterly educational journal to keep the industry informed.


Official website here: www.asaonline.com

Who is the CEO of Foundation Of The American Subcontractors Association Inc?

Richard Bright is the President of Foundation Of The American Subcontractors Association Inc. The CEO's salary of Foundation Of The American Subcontractors Association Inc is $0 and their total compensation is $0.


Official website here: www.asaonline.com

What is the revenue of Foundation Of The American Subcontractors Association Inc?

Foundation Of The American Subcontractors Association Inc's revenue in 2022 was $23,665.


Official website here: www.asaonline.com

Who are the executives of Foundation Of The American Subcontractors Association Inc and what are their salaries?

There 12 volunteers at Foundation Of The American Subcontractors Association Inc.


Here are 10 key members and their salaries (Foundation Of The American Subcontractors Association Inc's CEO's salary is $0 and their total compensation is $0):


John Leifester (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
William Burke Jr (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brad Miller (Treasurer/Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shiela Ohrenberg (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Patty Peterson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bethany Beck (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Elizabeth Justis (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jennifer Swinney (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Courtney Little (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Bright (Ceo)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.asaonline.com

Where can I find the form 990 for Foundation Of The American Subcontractors Association Inc?

Foundation Of The American Subcontractors Association Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.asaonline.com

Learn more at the official website: www.asaonline.com

Mission Statement of Foundation Of The American Subcontractors Association Inc

The Foundation of the American Subcontractors Association Inc is dedicated to enhancing the business practices within the construction industry. Their mission is accomplished through three key areas: research, education, and the dissemination of information. By conducting and funding academic research in the construction industry, they contribute to the industry's knowledge base, ensuring that the latest findings are shared with relevant parties. Furthermore, they provide business management education to the construction industry, offering educational programming through various mediums such as written and recorded materials and discussion groups. In addition, they communicate information effectively in a timely, focused, interactive, and efficient manner, as demonstrated by their quarterly educational journal. Overall, the Foundation of the American Subcontractors Association Inc seeks to improve the construction industry's business practices by investing in research, education, and communication.

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Impact




August, 2024

The Foundation Of The American Subcontractors Association Inc has made a significant impact on the construction industry by working to improve business practices through research, education, and the dissemination of information. Their efforts include funding academic research, providing business management education, and communicating important findings in a timely and effective manner. By facilitating the distribution of research results, offering educational programming, and publishing a quarterly educational journal, the foundation has played a crucial role in advancing the industry's knowledge and practices. Their commitment to community improvement is evident in their ongoing efforts to enhance the construction sector through these valuable initiatives.




This information is meant to be a general summary of Foundation Of The American Subcontractors Association Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$23,665 (2022)
Expenses
$13,861 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $8,665
  • Gross Receipts: $23,665

Assets and Liabilities:

  • Total Assets: $827,088
  • Total Liabilities: $0
  • Net Assets: $827,088

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Organization Details

Founding Year

1987

Principal Officer

Richard Bright

Main Address

1004 DUKE STREET, ALEXANDRIA, VA, 22314

NTEE Category

Code: S41 - Community improvement

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