2024-11-15T08:27:50-06:00 2023-12-31 BDO USA 8401 GREENSBORO DRIVE 800 MCLEAN VA 22102 990 2023-01-01 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 2024-11-13 true true Marc Berger P01871563 7038930600 2024-11-13 2023 2024-10-15 13:58:12Z FRANCIS W MADIGAN III 2300 WILSON BOULEVARD300 ARLINGTON VA 22201 2212073 false X WWW.AGCFOUNDATION.ORG X 1968 DC SEE SCHEDULE O 20 19 0 21 0 0 765817 810298 0 0 724858 460754 145941 18694 1636616 1289746 616036 692820 0 0 99514 105865 0 0 38301 352425 318195 1067975 1116880 568641 172866 11814956 13192594 200258 276724 11614698 12915870 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 686269 622750 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 163 UNDERGRADUATE AND GRADUATE STUDENTS AND TO 26 TO CRAFT/TECHNICAL TRAINING STUDENTS DURING 2023. 40573 40573 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 2023. 15000 15000 0 Industry case studies are written by faculty-contractor AGC member teams and based on actual experience providing students with the opportunity to work through issues in a classroom environment. 14497 14497 0 AWARDS 14497 14497 0 756339 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 true false false false false false false false false false false false false false true false false false true 6 0 true 0 false false false false false true true false false false false true false X 20 19 true 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 Christine Souders SECRETARY (AS OF 7/1/23) 10.0 27.5 X X 0 297431 47744 FRANCIS W MADIGAN III PRESIDENT 5.0 0.0 X X 0 0 0 PHILIP E BECK VICE PRESIDENT 5.0 0.0 X X 0 0 0 MARYANNE GUIDO TREASURER 2.5 0.0 X X 0 0 0 Joseph Charczenko Jr DIRECTOR 1.0 0.0 X 0 0 0 CAROLINE CLEVENGER DIRECTOR 1.0 0.0 X 0 0 0 Amy Hall DIRECTOR 1.0 0.0 X 0 0 0 DAVID HANSON 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 Ken Naquin 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 Rachel Wilber DIRECTOR 1.0 0.0 X 0 0 0 0 297431 47744 1 false true false 0 149610 660688 810298 0 304419 304419 0 3143 3143 0 0 0 870594 714259 156335 156335 156335 76230 149610 208068 -131838 -131838 0 0 0 0 0 0 ADMINISTRATIVE FEES 900099 146892 146892 DISCOUNT PLEDGE RECEIVABLE ADJUSTMENT 900099 497 497 147389 1289746 479448 33750 33750 659070 659070 0 0 0 0 105865 63519 21173 21173 0 0 0 0 14474 441 14033 33116 33116 0 0 383 383 33870 33870 7684 7684 4667 4667 8095 5000 3095 0 0 27258 27258 0 29861 29861 0 0 0 0 ADMINISTRATIVE FEES 146580 146580 DUES AND SUBSCRIPTIONS 6340 6340 MISCELLANEOUS 5867 5867 1116880 756339 322240 38301 572207 479129 0 0 327904 178459 4658 7604 0 0 0 0 0 0 0 0 1534 19790 0 0 7224735 8095986 3683918 4411626 0 0 0 0 0 0 11814956 13192594 31258 14724 169000 221500 0 40500 0 0 0 0 0 0 0 0 0 0 0 0 200258 276724 X 1495029 1451320 10119669 11464550 11614698 12915870 11814956 13192594 172866 1128306 X false true X true false X 805879 610204 868161 765817 810298 3860359 0 0 805879 610204 868161 765817 810298 3860359 315637 3544722 203612 323084 721079 321367 307562 1876704 0 0 0 0 0 0 190739 182466 178267 199266 147389 898127 6635190 0.53423 0.50884 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 9729193 321160 1390751 200875 13572 140435 11086222 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 0.01080 0.98920 0.00000 false false DYNAMIC ASSET ALLOCATION 3330377 F AB MULTI MANAGER ALTERNATIVE 498098 F AB PRIVATE CREDIT INVESTORS CO 367314 F AB COMMERCIAL REAL ESTATE 215837 F 4411626 0 0 X 2946684 1128306 320947 208068 1657321 1289363 383 383 1289746 1645512 320947 208068 529015 1116497 383 383 1116880 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, 2023 AND 2022. 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 2020 FORWARD. FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022, THERE WAS NO INTEREST OR PENALTIES RECORDED IN THE STATEMENTS OF ACTIVITIES RELATED TO UNCERTAIN TAX POSITIONS. PART XI, LINE 2D: FUNDRAISING EXPENSES $208,068 PART XII, LINE 2D: FUNDRAISING EXPENSES $208,068 false GALA 225840 149610 76230 161395 25085 21588 0 225840 149610 76230 161395 25085 21588 208068 -131838 true Colorado State University 2002 Campus Delivery Fort Collins CO 80523 846000545 501(C)(3) 9997 Industry Residency Florida Gulf Coast University 10501 FGCU BLVD Fort Myers FL 33965 113685135 501(C)(3) 9652 Industry Residency Purdue University 550 Stadium Mall Dr W Lafayette IN 47907 356002041 501(c)(3) 8446 Industry Residency 3 AGC BUILD AMERICA SCHOLARSHIP 5 22500 AGC EDUCATION AND RESEARCH FOUNDATION SCHOLARSHIP 67 270625 AGC OF TENNESSEE SCHOLARSHIP 1 5000 AGC OF WASHINGTON 1 2500 ALABAMA AGC SCHOLARSHIP 1 2500 ALLIANT SCHOLARSHIP FUND 1 2000 ANDREA & ERIC WILSON SCHOLARSHIP 1 5000 BARTLETTE COCKE SCHOLARSHIP 1 1250 B.B. AND BETTY ELLEN ARMSTRONG SCHOLARSHIP 1 2500 BILLY CARTER MEMORIAL SCHOLARSHIP 1 2500 BOARD OF CERTIFIED SAFETY PROFESSIONALS SCHLRSHP 1 2500 BUD AND MARY MADIGAN SCHOLARSHIP 1 2500 BURLESON CONSTRUCTION COMPANY SCHOLARSHIP 1 2500 CAROLINAS LEGACY SCHOLARSHIP 1 2500 CASWELL F. JR & MARIE B. HOLLOWAY SCHOLARSHIP 1 2500 CIANBRO CORPORATION SCHOLARSHIP FUND 1 1250 CONSTRUCTION ACCIDENT VICTIMS SCHOLARSHIP 1 5000 CONSTRUCTION LEADERSHIP COUNCIL SCHOLARSHIP 1 2500 CONSULTING CONSTRUCTORS COUNCIL SCHOLARSHIP 25 97500 DAVID AND RUTH DANDO SCHOLARSHIP 1 3750 DOUG AND PUDDIE PITCOCK SCHOLARSHIP 2 10000 FRANK SCHNELLER SCHOLARSHIP 1 2500 FRED AND ELAINE MAST SCHOLARSHIP 1 2500 G.E. BYRNE MEMORIAL SCHOLARSHIP FUND 1 5000 GOVERNOR KIRK FORDICE MEMORIAL SCHOLARSHIP 1 2500 GRANT THORNTON C.M. SCHOLARSHIP 1 2500 HANSON-ROSCOE SCHOLARSHIP 1 2500 HASKELL LEMON SCHOLARSHIP 1 5000 HEFFNER GRADUATE SCHOLARSHIP 1 1875 HUMPHREY FOLK SCHOLARSHIP 1 5000 IVAL R. CIANCHETTE SCHOLARSHIP 1 2500 J. T. FOLK, JR MEMORIAL SCHOLARSHIP 1 1250 JACK AND MAGGIE KELLEY SCHOLARSHIP 1 2500 JAMES D. PITCOCK, JR. SCHOLARSHIP 6 21250 JUDITH AND JAMES PIZZAGALLI SCHOLARSHIP 1 2500 LARRY AND BEATRICE CHING MEMORIAL SCHOLARSHIP 1 2500 LESTER III AND DENISE SNYDER SCHOLARSHIP 1 2500 LOUISIANA CONTRACTORS SCHOLARSHIP 2 2500 MAREK BROTHERS SCHOLARSHIP 1 1000 MERCHANTS BONDING COMPANY 6 8000 OWEN H. EMME SCHOLARSHIP 1 2500 PAUL BECKER SCHOLARSHIP 1 2000 PAUL AND ADRIENNE STELLA SCHOLARSHIP 1 2500 PROCORE HBCU SCHOLARSHIP 5 18750 RANDALL K. REDDING SCHOLARSHIP 1 1250 RICHARD "JAKE" JAKOWSKY SCHOLARSHIP 1 2500 RICHARD AND ELIZABETH HALL SCHOLARSHIP 1 1250 RICHARD AND ROXELYN PEPPER SCHOLARSHIP 5 21250 RICHARD D. LAWRENCE MEMORIAL SCHOLARSHIP 1 2500 ROBERT CONLEY SCHOLARSHIP 1 5000 SAUL HOROWITZ, JR. MEMORIAL SCHOLARSHIP 1 3750 SCC&S/SPC UNDERGRADUATE SCHOLARSHIP 1 2500 STANLEY F. PEPPER MEMORIAL SCHOLARSHIP 5 20000 TECH/TRADE BYF SCHOLARSHIP 14 18000 TERRY AND DARLENE DEENY SCHOLARSHIP 1 2500 THE JACKSON FAMILY SCHOLARSHIP 1 5000 THE LANHAM FAMILY SCHOLARSHIP 1 3750 TOM GIARDINI SCHOLARSHIP 1 2500 TOM F. & MARY K. STEELE SCHOLARSHIP 1 3750 TRAVELERS SCHOLARSHIP 1 2000 VERNIE AND FLORA LINDSTROM SCHOLARSHIP 1 2500 WILLIAM M. KUHNE SCHOLARSHIP 1 2500 WILLIS TOWERS WATSON DIVERSITY SCHOLARSHIP 1 2500 ZACHRY CONSTRUCTION CORP. SCHOLARSHIP 1 3570 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. false false false false false false false false false Christine Souders SECRETARY (AS OF 7/1/23) 0 283431 0 14000 0 0 0 28343 0 19401 0 345175 0 0 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 A, LINE 2: CHRISTINE SOUDERS IS PAID 100% BY AGC OF AMERICA AND IS CONSIDERED A KEY EMPLOYEE FOR AGC OF AMERICA WHERE SHE SERVES AS CFO. IN ADDITION, SOME BOARD MEMBERS ALSO HAVE A BUSINESS RELATIONSHIP WITH AGC AS SPEAKERS FOR MANAGEMENT CONFERENCES. 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. 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 3143 ACTUAL AMOUNT Assoc General Contractors of America Inc O 320947 ESTIMATED HOURS Assoc General Contractors of America Inc P 368968 Actual amount PART II, LINE 1, COLUMN (A): NAME OF RELATED ORGANIZATION: ASSOCIATED GENERAL CONTRACTORS OF AMERICA