Overview
What is Associated Builders & Contractors Of Alabama Inc?
Associated Builders & Contractors of Alabama Inc is a nonprofit organization committed to championing the merit shop philosophy within the construction industry. Their mission is to serve as a leading advocate for free enterprise, defending and promoting this philosophy to enhance the general welfare of their members and the industry as a whole. The organization is dedicated to upholding the merit shop concept, which emphasizes fair competition, open markets, and equal opportunities for all contractors to bid on and secure projects.
Is Associated Builders & Contractors Of Alabama Inc legitimate?
Associated Builders & Contractors Of Alabama Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Associated Builders & Contractors Of Alabama 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: $598,149
Professional Fundraising Fees: $0
Other Salaries and Wages: $258,252
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What is the mission statement of Associated Builders & Contractors Of Alabama Inc?
The mission of Associated Builders & Contractors of Alabama Inc. is centered around advocating for the general welfare of its members and the construction industry. In particular, the organization aims to be the leading voice promoting free enterprise within the construction sector. Furthermore, ABC actively works to defend the merit shop philosophy, which is a significant aspect of their mission.
Who is the CEO of Associated Builders & Contractors Of Alabama Inc?
Jay Reed is the President of Associated Builders & Contractors Of Alabama Inc.
What is the revenue of Associated Builders & Contractors Of Alabama Inc?
Associated Builders & Contractors Of Alabama Inc's revenue in 2022 was $2,222,374.
Who are the executives of Associated Builders & Contractors Of Alabama Inc and what are their salaries?
The average compensation at Associated Builders & Contractors Of Alabama Inc during 2022 was $142,734. There are 6 employees at Associated Builders & Contractors Of Alabama Inc.
Here are 2 key members and their salaries:
- Compensation: $317,099
- Related: $0
- Other: $0
- Compensation: $281,050
- Related: $0
- Other: $0
Where can I find the form 990 for Associated Builders & Contractors Of Alabama Inc?
Associated Builders & Contractors Of Alabama Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Associated Builders & Contractors Of Alabama Inc
Associated Builders & Contractors of Alabama Inc, as a leading voice, is dedicated to fostering the general welfare of its members and the construction industry. The organization's mission is to uphold the merit shop philosophy, a belief that every individual and business should have an equal opportunity to compete for contracts based on their abilities, qualifications, and merits, rather than any prejudice or favoritism. ABC, as the organization is often referred to, continually works towards promoting and defending this philosophy within the construction industry.
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Impact
October, 2024
Associated Builders & Contractors of Alabama Inc. plays a vital role in the construction industry by advocating for free enterprise and the merit shop philosophy. Through its efforts, it ensures that contractors have a platform to voice their needs and concerns, enhancing their ability to compete fairly in the market. This advocacy promotes a more equitable business environment, benefiting not only its members but also the broader community.
In Birmingham and throughout Alabama, ABC's focus on community improvement fosters economic growth and development within the construction sector. By encouraging best practices and professionalism among its members, it helps elevate industry standards, ultimately leading to better quality construction projects. ABC's commitment to supporting the general welfare of its members contributes to a vibrant and competitive local economy, sustaining jobs and promoting sustainable practices within the industry.
This information is meant to be a general summary of Associated Builders & Contractors Of Alabama 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $5,495
- Program Service Revenue: $876,695
- Gross Receipts: $2,250,090
Assets and Liabilities:
- Total Assets: $2,865,695
- Total Liabilities: $849,824
- Net Assets: $2,015,871
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONVENTIONS & MEETINGS
Revenue
$423,176
EXCELLENCE IN CONSTRUC
Revenue
$320,868
MANAGEMENT / FACILITY
Revenue
$103,418
PUBLICATIONS
Revenue
$29,233
Organization Details
Founding Year
1974
Phone
(205) 870-9768Principal Officer
Jay Reed
Main Address
1830 28TH AVENUE SOUTH, BIRMINGHAM, AL, 35209
NTEE Category
Code: S41 - Community improvement
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