2023-10-06T07:49:23-05:00 2022-12-31 BDO USA 8401 GREENSBORO DRIVE 800 MCLEAN VA 22102 990 2022-01-01 526083465 AGC EDUCATION AND RESEARCH foundation inc % CHRISTINE E SOUDERS AGCE 7035483118 2300 WILSON BOULEVARD Suite 300 ARLINGTON VA 22201 CHRISTINE E SOUDERS Secretary 7038375338 2023-10-05 true CHRISTINE E SOUDERS 999009999 Marc Berger P01871563 7038930600 2 2022 2023-04-26 12:10:37Z SCOTT HOLLOWAY PRESIDENT 2300 WILSON BOULEVARD300 ARLINGTON VA 22201 3504949 false X WWW.AGCFOUNDATION.ORG X 1968 DC SEE SCHEDULE O 20 20 0 25 0 0 868161 765817 0 0 966885 724858 142253 145941 1977299 1636616 523806 616036 0 0 93872 99514 0 0 40801 325565 352425 943243 1067975 1034056 568641 14203889 11814956 306611 200258 13897278 11614698 X THE ORGANIZATION'S MISSION IS: 1) AWARDING SCHOLARSHIPS TO QUALIFIED UNDERGRADUATE AND/OR GRADUATE STUDENTS ENROLLED AT ABET OR ACCE ACCREDITED SCHOOLS AND COLLEGES IN THE FIELD OF CONSTRUCTION OR CONSTRUCTION-RELATED ENGINEERING WHO DEMONSTRATE AN INTEREST IN PURSUING CAREERS IN THE CONSTRUCTION INDUSTRY AND MEET THE FOUNDATION'S ACADEMIC AND EXTRA-CURRICULAR CRITERIA FOR SUCH SCHOLARSHIPS; 2) PROVIDING FINANCIAL ASSISTANCE TO SUPPORT TEACHING FACULTY IN THE FIELD OF CONSTRUCTION OR CONSTRUCTION-RELATED ENGINEERING AT ABET OR ACCE ACCREDITED SCHOOLS AND COLLEGES; AND 3) AWARDING FUNDING FOR SCIENTIFIC RESEARCH PROJECTS OR OTHER PROGRAMS DEEMED TO BE BENEFICIAL TO THE ADVANCEMENT OF EDUCATIONAL, TECHNOLOGICAL, OR VOCATIONAL EXPERTISE IN THE INDUSTRY WITH AWARDS BASED IN PART UPON RECOMMENDATIONS OF ABET OR ACCE ACCREDITED SCHOOLS AND COLLEGES OR OTHER GROUPS WITH SPECIAL KNOWLEDGE IN CONSTRUCTION OR CONSTRUCTION RELATED-ENGINEERING. false false 579209 519500 0 SCHOLARSHIP, AWARD AND GRANT PROGRAM - THE SCHOLARSHIP, AWARD AND GRANTS PROGRAMS RECOGNIZE QUALIFYING STUDENTS AND UNIVERSITIES, WHO ARE INTERESTED IN CONSTRUCTION AND CIVIL ENGINEERING. SCHOLARSHIPS, AWARDS, AND GRANTS ARE MADE ON THE BASIS OF DEMONSTRATION OF INTEREST IN THE CONSTRUCTION INDUSTRY, SCHOLASTIC OR TEACHING QUALIFICATIONS, AND THE STUDENT OR TEACHER'S NEED FOR FINANCIAL ASSISTANCE. SCHOLARSHIPS WERE AWARDED TO 137 UNDERGRADUATE AND GRADUATE STUDENTS AND TO 18 TO CRAFT/TECHNICAL TRAINING STUDENTS DURING 2022. 46150 46150 0 INDUSTRY RESIDENCY PROGRAM - THIS PROGRAM ENRICHES THE CLASSROOM EXPERIENCE OF CONSTRUCTION STUDENTS BY PROVIDING OPPORTUNITIES FOR SELECTED FACULTY MEMBERS TO GAIN CONSTRUCTION EXPERIENCE THROUGH SUMMER INTERNSHIPS WITH AGC MEMBER COMPANIES. THE PROGRAM IS DESIGNED TO BE A PARTNERSHIP AMONG THE ACADEMIC INSTITUTION, A CONSTRUCTION FIRM OR ORGANIZATION, AND THE FOUNDATION. THE FOUNDATION PARTNERED WITH FOUR AGC MEMBER COMPANIES AND PROFESSORS IN 2022. 38000 38000 0 KEENE STATE SAFETY PROGRAM - THE FOUNDATION FINANCIALLY SUPPORTS KEENE STATE COLLEGE ESTABLISHMENT OF A CONSTRUCTION SAFETY BACHELOR'S DEGREE PROGRAM, THE FINANCIAL SUPPORT COVERS COMPENSATION FOR CLINICAL FACULTY, CONTRACT LECTURERS, COORDINATORS, AND CURRICULUM DEVELOPERS; RESEARCH AND CAPSTONE OPPORTUNITIES FOR STUDENTS AND FACULTY; STUDENT SCHOLARSHIPS; STUDENT ATTENDANCE AT RELATED NATIONAL CONFERENCE; AND DEVELOPMENT OF A CAMPUS-BASED CONSTRUCTION SAFETY CERTIFICATE PROGRAM. 12755 0 0 INDUSTRY CASE STUDIES 12455 12386 0 AWARDS 25210 12386 0 688569 true true false false false false false false false true false true false false false true true false false false false false false false true false false true true false false false false false false false false false false false false false false true false false false true 2 0 true 0 false false false false false true true false false false false false false X 20 20 false false false false false false false true true false false true true true true false false false false false AL AK AR CA CO CT DC FL GA HI IL KS KY ME MD MA MI MN MS NV NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI X CHRISTINE E SOUDERS 7038375338 2300 WILSON BOULEVARD SUITE 300 ARLINGTON VA 22201 CONOR O'BRIEN SECRETARY 10.0 27.5 X X 0 126654 19545 B SCOTT HOLLOWAY PRESIDENT 5.0 0.0 X X 0 0 0 FRANCIS W MADIGAN III VICE PRESIDENT 5.0 0.0 X X 0 0 0 PHILIP BECK TREASURER 2.5 0.0 X X 0 0 0 ROBERT L BOWEN DIRECTOR 1.0 0.0 X 0 0 0 JEFF CHRISTIANSON DIRECTOR 1.0 0.0 X 0 0 0 CAROLINE CLEVENGER DIRECTOR 1.0 0.0 X 0 0 0 MARYANNE GUIDO DIRECTOR 1.0 0.0 X 0 0 0 DAVID HANSON DIRECTOR 1.0 0.0 X 0 0 0 AL LANDES DIRECTOR 1.0 0.0 X 0 0 0 ROBERT C LANHAM DIRECTOR 1.0 0.0 X 0 0 0 DOUG MAIBACH DIRECTOR 1.0 0.0 X 0 0 0 T GAINES MOORER DIRECTOR 1.0 0.0 X 0 0 0 ASHLEY PHELPS DIRECTOR 1.0 0.0 X 0 0 0 ZOFIA RYBKOWSKI DIRECTOR 1.0 0.0 X 0 0 0 SHANNON SAPP DIRECTOR 1.0 0.0 X 0 0 0 W MILTON SMITH DIRECTOR 1.0 0.0 X 0 0 0 LESTER C SNYDER III DIRECTOR 1.0 0.0 X 0 0 0 EDDIE STEWART DIRECTOR 1.0 0.0 X 0 0 0 LEONARD P TOENJES DIRECTOR 1.0 0.0 X 0 0 0 STEPHEN C VANDERBLOEMEN DIRECTOR 1.0 0.0 X 0 0 0 0 126654 19545 0 false false false 0 277534 488283 765817 0 318271 318271 0 3096 3096 0 0 0 2135933 1729346 406587 406587 406587 82566 277534 138987 -56421 -56421 0 0 0 0 0 0 ADMINISTRATIVE FEES 900099 199013 199013 DISCOUNT PLEDGE RECEIVABLE ADJUSTMENT 900099 253 253 199266 1636616 870799 84150 84150 531886 531886 0 0 0 0 99514 59708 19903 19903 0 0 0 12755 12755 12984 12984 24985 24985 0 0 6211 6211 0 9889 9889 1510 70 1440 7395 5000 2395 0 0 19818 19818 0 23768 18249 5519 0 0 0 0 ADMINISTRATIVE FEES 198889 198889 BAD DEBT 25000 25000 DUES AND SUBSCRIPTIONS 5000 5000 MISCELLANEOUS 4222 4221 1067975 688569 338605 40801 738597 572207 0 0 409442 327904 2665 4658 0 0 0 0 0 0 0 0 2949 1534 0 0 7838988 7224735 5211248 3683918 0 0 0 0 0 0 14203889 11814956 136736 31258 169875 169000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 306611 200258 X 1646070 1495029 12251208 10119669 13897278 11614698 14203889 11814956 X 568641 -2873221 22000 X X false true X true false X 902407 805879 610204 868161 765817 3952468 0 0 902407 805879 610204 868161 765817 3952468 474283 3478185 316465 203612 323084 721079 321367 1885607 25978 0 0 0 0 25978 220761 190739 182466 178267 199266 971499 6835552 0.50884 0.51777 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 11596115 441949 -1842674 277589 20571 168037 9729193 9993897 595696 1330627 181430 0 142675 11596115 9191823 384262 875913 327445 0 130656 9993897 7710022 328335 1441585 139896 0 148223 9191823 8531007 325200 -563318 416550 0 166317 7710022 0.01080 0.98920 0.00000 false false DYNAMIC ASSET ALLOCATION 3008137 F AB MULTI MANAGER ALTERNATIVE 479796 F AB PRIVATE CREDIT INVESTORS CO 195985 F 3683918 0 0 X -801456 -2873221 302373 138987 -2431861 1630405 6211 6211 1636616 1481124 302373 138987 441360 1039764 6211 22000 28211 1067975 PART V, LINE 4: THE FUNDS ARE USED TO FUND PROGRAM EXPENSES OF SCHOLARSHIPS FOR QUALIFYING STUDENTS, RESEARCH CASE STUDIES, AND INDUSTRY RESIDENCIES. PART X, LINE 2: THE FOUNDATION HAS BEEN GRANTED EXEMPTION BY THE INTERNAL REVENUE SERVICE (IRS) FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE IRS HAS ALSO DETERMINED THAT THE FOUNDATION IS NOT A PRIVATE FOUNDATION. THE FOUNDATION IS REQUIRED TO REPORT UNRELATED BUSINESS INCOME TO THE IRS AND THE RELEVANT STATE TAXING AUTHORITIES. THE FOUNDATION DID NOT INCUR OR PAY ANY UNRELATED BUSINESS INCOME TAX FOR THE YEARS ENDED DECEMBER 31, 2022 AND 2021. UNDER FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC) 740-10, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, THE FOUNDATION MUST RECOGNIZE THE TAX BENEFIT ASSOCIATED WITH TAX POSITIONS TAKEN FOR TAX RETURN PURPOSES WHEN IT IS MORE-LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED. MANAGEMENT BELIEVES THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS. THE FOUNDATION IS STILL OPEN TO EXAMINATION BY U.S. TAX AUTHORITIES FROM 2019 FORWARD. FOR THE YEARS ENDED DECEMBER 31, 2022 AND 2021, THERE WAS NO INTEREST OR PENALTIES RECORDED IN THE STATEMENTS OF ACTIVITIES RELATED TO UNCERTAIN TAX POSITIONS. PART XI, LINE 2D: FUNDRAISING EXPENSES $138,987 PART XII, LINE 2D: FUNDRAISING EXPENSES $138,987 PART XII, LINE 4B: CANCELLED GRANTS: $22,000 false Gala 360100 277534 82566 42522 79575 12450 4440 0 360100 277534 82566 42522 79575 12450 4440 138987 -56421 true KENNESAW STATE UNIV RESEARCH & SERVICE FDN 1000 CHASTAIN ROAD KENNESAW GA 30144 371535589 501(c)(3) 17754 INDUSTRY RESIDENCY SOUTHERN ILLINOIS UNIVERSITY EDWARDSVILLE 6 HAIRPIN DR EDWARDSVILLE IL 62026 376005961 501(c)(3) 9998 INDUSTRY RESIDENCY WENTWORTH INSTITUTE OF TECHNOLOGY 550 HUNTINGTON AVE BOSTON MA 02115 041958460 501(c)(3) 8400 INDUSTRY RESIDENCY 3 AGC BUILD AMERICA SCHOLARSHIP 6 20000 AGC EDUCATION AND RESEARCH FOUNDATION SCHOLARSHIP 12 58750 AL & GRACIE LANDES SCHOLARSHIP 1 5000 ANDREA & ERIC WILSON SCHOLARSHIP 1 2500 BARTLETTE COCKE SCHOLARSHIP 1 5000 BARTON MALOW - BEN C. MAIBACH JR. SCHOLARSHIP 1 3750 BARTON MALOW/GREEN COLLABORATIVE SCHOLARSHIP 1 2500 BLAIR WALTON MEMORIAL SCHOLARSHIP 1 1250 BOARD OF CERT. SAFETY PROFESSIONALS SCHOLARSHIp 2 8750 CAROLINAS LEGACY SCHOLARSHIP 1 5000 CIANBRO CORPORATION SCHOLARSHIP FUND 1 1250 COMPTRUST AGC MCIC OF GEORGIA SCHOLARSHIP 1 3750 CONNIE & LEE KEARNEY SCHOLARSHIP 1 2500 CONSTRUCTION ACCIDENT VICTIMS SCHOLARSHIP 1 2500 CONSTRUCTION LEADERSHIP COUNCIL SCHOLARSHIP 1 2500 CONSULTING CONSTRUCTORS COUNCIL SCHOLARSHIP 21 80000 DAVID AND RUTH DANDO SCHOLARSHIP 1 1250 DIEDERICH FAMILY SCHOLARSHIP 1 5000 DOUG AND PUDDIE PITCOCK SCHOLARSHIP 4 13750 FRANK YOUNG SR. MEMORIAL SCHOLARSHIP 1 2500 G. VON ANDERSON MEMORIAL SCHOLARSHIP 1 2500 G.E. BYRNE MEMORIAL SCHOLARSHIP FUND 2 5000 GOVERNOR KIRK FORDICE MEMORIAL SCHOLARSHIP 1 2500 HASKELL LEMON SCHOLARSHIP 1 5000 HEFFNER GRADUATE SCHOLARSHIP 4 15000 HENRY BOH MEMORIAL SCHOLARSHIP 1 2500 HENSEL PHELPS SCHOLARSHIP 1 2500 HOYT G. LOWDER/FMI SCHOLARSHIP 1 5000 JAMES X. CLEMENS SCHOLARSHIP 2 5000 JAMES ALLHANDS AWARD 4 5764 JAMES D. PITCOCK, JR. SCHOLARSHIP 5 23750 JOHN R. LAMBERSON SCHOLARSHIP 1 2500 JUDITH AND JAMES PIZZAGALLI SCHOLARSHIP 1 5000 KAREN & SCOTT HOLLOWAY SCHOLARSHIP 1 7500 KLINGER AWARD 1 500 KOKOSING CONSTRUCTION SCHOLARSHIP 1 2500 LARRY AND BEATRICE CHING MEMORIAL SCHOLARSHIP 1 2500 LARRY & MAGGIE GASKINS SCHOLARSHIP 1 2500 LOUISIANA CONTRACTORS SCHOLARSHIP 1 2500 MARCON, INC. OF IDAHO SCHOLARSHIP 1 3750 MAREK BROTHERS SCHOLARSHIP 5 5000 NCCER/BUILD YOUR FUTURE SCHOLARSHIP 10 18000 OUTSTANDING EDUCATOR AWARD 1 6121 PAUL BECKER SCHOLARSHIP 1 2000 PAUL B. RICHARDS SCHOLARSHIP 2 10000 PETE & LYNETTE WERT SCHOLARSHIP 1 7500 PROCORE HBCU SCHOLARSHIP 10 25000 RALPH W. & MARILYN A. JOHNSON SCHOLARSHIP 1 7500 RICHARD "JAKE" JAKOWSKY SCHOLARSHIP 1 3750 RICHARD AND ROXELYN PEPPER SCHOLARSHIP 5 20000 RICK BROWN MEMORIAL SCHOLARSHIP 1 5000 ROBERT & DARCY ELSPERMAN SCHOLARSHIP 1 2500 ROBERT CONLEY SCHOLARSHIP 1 2500 ROBERT B. AND CELINE FAY SCHOLARSHIP 1 2500 ROBERT B. EVANS MEMORIAL SCHOLARSHIP 1 2500 ROBERT B. MCEACHERN SCHOLARSHIP 1 5000 ROBERT D. SIESS SCHOLARSHIP 1 2500 SAUL HOROWITZ, JR. MEMORIAL SCHOLARSHIP 1 3750 STANLEY F. PEPPER MEMORIAL SCHOLARSHIP 9 21250 STANLEY HERZOG SCHOLARSHIP 1 1000 THE LANHAM FAMILY SCHOLARSHIP 1 2500 TOM AND JAN DAILEY SCHOLARSHIP 1 2500 TOM F. & MARY K. STEELE SCHOLARSHIP 1 5000 TRAVELERS SCHOLARSHIP 1 1000 TURNER CONSTRUCTION SCHOLARSHIP 1 5000 VERNIE AND FLORA LINDSTROM SCHOLARSHIP 1 2500 WILLIAM H. RATZ MEMORIAL SCHOLARSHIP 1 7500 WILLIAM M. KUHNE SCHOLARSHIP 1 2500 WILLIAM J. KRESSENBERG MEMORIAL SCHOLARSHIP 1 2500 WILLIAM S. & SHIRLEY C. MCINTYRE SCHOLARSHIP 1 5000 WILLIS TOWERS WATSON DIVERSITY SCHOLARSHIP 1 5000 ZACHRY CONSTRUCTION CORP. SCHOLARSHIP 3 6250 MONITORING GRANTS - FORM 990, SCHEDULE I, PART I, LINE 2 SELECTION OF THE QUALIFIED RECIPIENTS OF RESEARCH GRANTS AND SUCCESSFUL APPLICANTS FOR SCHOLARSHIPS ARE MADE BY THE FOUNDATION ACCORDING TO THE CRITERIA FOR AWARDING GRANTS AND SCHOLARSHIPS AS OUTLINED IN THE BY-LAWS OF THE FOUNDATION AND AS ACCEPTED BY THE INTERNAL REVENUE SERVICE. FORM 990, PART I, LINE 1: THE ORGANIZATION WILL ACHIEVE ITS MISSION (AS STATED BELOW) BY: 1) AWARDING SCHOLARSHIPS TO QUALIFIED UNDERGRADUATE AND/OR GRADUATE STUDENTS ENROLLED AT ABET OR ACCE ACCREDITED SCHOOLS AND COLLEGES IN THE FIELD OF CONSTRUCTION OR CONSTRUCTION-RELATED ENGINEERING WHO DEMONSTRATE AN INTEREST IN PURSUING CAREERS IN THE CONSTRUCTION INDUSTRY AND MEET THE FOUNDATION'S ACADEMIC AND EXTRA-CURRICULAR CRITERIA FOR SUCH SCHOLARSHIPS; 2) PROVIDING FINANCIAL ASSISTANCE TO SUPPORT TEACHING FACULTY IN THE FIELD OF CONSTRUCTION OR CONSTRUCTION-RELATED ENGINEERING AT ABET OR ACCE ACCREDITED SCHOOLS AND COLLEGES; AND 3) AWARDING FUNDING FOR SCIENTIFIC RESEARCH PROJECTS OR OTHER PROGRAMS DEEMED TO BE BENEFICIAL TO THE ADVANCEMENT OF EDUCATIONAL, TECHNOLOGICAL, OR VOCATIONAL EXPERTISE IN THE INDUSTRY WITH AWARDS BASED IN PART UPON RECOMMENDATIONS OF ABET OR ACCE ACCREDITED SCHOOLS AND COLLEGES OR OTHER GROUPS WITH SPECIAL KNOWLEDGE IN CONSTRUCTION OR CONSTRUCTION RELATED-ENGINEERING. FORM 990, PART VI, SECTION B, LINE 11B: THE OFFICERS ARE PROVIDED WITH A COMPLETE COPY OF THE FORM 990 FOR REVIEW AND DISCUSSION PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C: BOARD MEMBERS ARE REQUIRED TO COMPLETE THE CONFLICT OF INTEREST POLICY DISCLOSURE FORM ON AN ANNUAL BASIS TO REPORT ANY POTENTIAL OR REAL CONFLICTS. ANY CONFLICTS ARE REVIEWED BY THE FOUNDATION OFFICERS. FORM 990, PART VI, SECTION B, LINE 15: THE ORGANIZATION HAS NO EMPLOYEES ITSELF, BUT UTILIZES AGC EMPLOYEES. AGC CONSULTS 990'S FROM OTHER ORGANIZATIONS, AND CONSULTS WITH AN INDEPENDENT 3RD PARTY WHO ASSISTED AGC IN CREATING THE MECHANISM BY WHICH COMPENSATION IS DETERMINED. FORM 990, PART VI, SECTION C, LINE 19: THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: OVERSIGHT OF AUDIT: THERE HAVE BEEN NO CHANGES DURING THE YEAR IN THE PROCESS FOR OVERSIGHT OF THE AUDIT OF THE FINANCIAL STATEMENTS. FORM 990, PART XI, LINE 9: OTHER CHANGES IN NET ASSETS OR FUND BALANCES TOTAL $22,000 IN THE FORM OF CANCELLATION OF GRANTS. Assoc General Contractors of America 2300 Wilson Blvd 300 Arlington VA 22201 530029260 Trade assoC VA 501(C)(6) na false true false false false false false false false false false false false false true true true false false false Assoc General Contractors of America Inc A 3096 ACTUAL AMOUNT Assoc General Contractors of America Inc O 302373 ESTIMATED HOURS Assoc General Contractors of America Inc p 401449 ACTUAL AMOUNT PART II, LINE 1, COLUMN (A): NAME OF RELATED ORGANIZATION: ASSOCIATED GENERAL CONTRACTORS OF AMERICA