Nonprofit · EIN 56-1604530
CAGC FOUNDATION INC
Tax-exempt · CHARLOTTE, NC 28217
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,566,918 | $1,575,125 | -$8,207 | $1,782,046 | $1,220,613 | $561,433 |
| December 31, 2023 | 990 | $1,757,836 | $1,906,262 | -$148,426 | $1,916,798 | $1,383,587 | $533,211 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,264,774
- of which government grants
- $1,181,220
- Program service revenue
- $281,594
- Investment income
- $14,786
- Other revenue
- $5,764
Expenses
- Grants and similar amounts paid
- $1,216,034
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Travel
- $24,420
- Program services (functional)
- $1,512,258
- Management and general (functional)
- $62,867
Balance sheet and other
- Total assets, start of year
- $1,916,798
- Total assets, end of year
- $1,782,046
- Total liabilities, end of year
- $1,220,613
- Net assets, end of year
- $561,433
- Publicly traded securities
- $439,318
- Net assets without donor restrictions
- $538,753
- Net assets with donor restrictions
- $22,680
- Gross receipts
- $1,566,918
- Employees
- 0
- Volunteers
- 18
- Year formed
- 1987
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| David Simpson | Secretary Officer | 7.5 | $0 | $386,660 | $18,258 |
| Edison Cassels | Chair Trustee or director, Officer | 7.5 | $0 | $0 | $0 |
| Melissa Cole | Trustee Trustee or director | 7.5 | $0 | $0 | $0 |
| Chad Webb | Chair Elect Trustee or director | 7.5 | $0 | $0 | $0 |
| Dean Wilson | CAGC Chair Trustee or director, Officer | 7.5 | $0 | $0 | $0 |
| Ed Roper | Trustee Trustee or director | 7.5 | $0 | $0 | $0 |
| Evan Sowell | Treasurer Trustee or director, Officer | 7.5 | $0 | $0 | $0 |
| Scott Fant | Trustee Trustee or director | 7.5 | $0 | $0 | $0 |
| Andrew Gardner | Trustee Trustee or director | 7.5 | $0 | $0 | $0 |
| Richard Latorre | Trustee Trustee or director | 7.5 | $0 | $0 | $0 |
| Elisabeth Kovacs | Trustee Trustee or director | 7.5 | $0 | $0 | $0 |
| Kristie Van Auken | Trustee Trustee or director | 7.5 | $0 | $0 | $0 |
| Fiorella Horna | Trustee Trustee or director | 7.5 | $0 | $0 | $0 |
| Claudia Dodgen | Past Chair Trustee or director, Officer | 7.5 | $0 | $0 | $0 |
| Karl McCottry | Trustee Trustee or director | 7.5 | $0 | $0 | $0 |
3 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Kate Daniels | Trustee Trustee or director | 7.5 | $0 |
| Kelsey Davis | Trustee Trustee or director | 7.5 | $0 |
| Betsy Bailey | Vice President Officer | 42 | $0 |
990 for the year ended December 31, 2023: 17 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| David Simpson | Secretary Officer | 7.5 | $0 | $335,000 | $17,610 |
| Edison Cassels | Chair Trustee or director, Officer | 7.5 | $0 | $0 | $0 |
| Melissa Cole | Trustee Trustee or director | 7.5 | $0 | $0 | $0 |
| Evan Sowell | Trustee Trustee or director | 7.5 | $0 | $0 | $0 |
| K Michael Hall | Trustee Trustee or director | 7.5 | $0 | $0 | $0 |
| Ed Roper | Trustee Trustee or director | 7.5 | $0 | $0 | $0 |
| Chad Webb | Treasurer Trustee or director, Officer | 7.5 | $0 | $0 | $0 |
| Scott Fant | Trustee Trustee or director | 7.5 | $0 | $0 | $0 |
| Andrew Gardner | Trustee Trustee or director | 7.5 | $0 | $0 | $0 |
| Richard Latorre | Trustee Trustee or director | 7.5 | $0 | $0 | $0 |
| Elizabeth Kovacs | Trustee Trustee or director | 7.5 | $0 | $0 | $0 |
| Kristie Van Auken | Trustee Trustee or director | 7.5 | $0 | $0 | $0 |
| Fiorella Horna | Trustee Trustee or director | 7.5 | $0 | $0 | $0 |
| Claudia Dodgen | Past Chair Trustee or director | 7.5 | $0 | $0 | $0 |
| Kari McCottrey | Trustee Trustee or director | 7.5 | $0 | $0 | $0 |
| Clay Tresher | YL Rep. Trustee or director | 7.5 | $0 | $0 | $0 |
| Mark Johnnie | CAGC Chair Officer | 7.5 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 4824 PARKWAY PLAZA BLVD STE 115, CHARLOTTE, NC 28217-1909
- Principal officer (990 for 2024)
- David Simpson, 4824 Parkway Plaza Blvd Suite 115, Charlotte, NC 28217
- Signed the 990
- David Simpson, Secretary
- Phone
- (704) 372-1450
- Return prepared by
- Foard and Company PA
Mission
TO SERVE THE CONSTRUCTION INDUSTRY BY FINANCIALLY SUPPORTING EXCELLENT WORKFORCE DEVELOPMENT AND RESEARCH PROGRAMS, ACTIVITIES, AND SERVICES IN THE CAROLINAS.
Program accomplishments
- BUILD YOUR CAREER (BYC) PROGRAM TO GET MORE PEOPLE AWARE OF CONSTRUCTION CAREER OPPORTUNITIES BY LAUNCHING EDUCATION EFFORTS ON THE MIDDLE SCHOOL AND HIGH SCHOOLLEVELS, AS WELL AS IN COMMUNITY COLLEGES, AND WITH INDIVIDUALS WANTINGTO CHANGE CAREERS. 14,000 STUDENTS LEARNED THAT THERE IS A GREATVARIETY OF JOBS IN THIS GREAT INDUSTRY AND THAT CONSTRUCTION IS NOTJUST ERECTING BUILDINGS, IT ALSO INVOLVES CONSTRUCTING BRIDGES,HIGHWAYS AND UTILITIES AS WELL.Expenses $1,492,264 · grants $1,196,040
- EDUCATION AND TRAINING - CAROLINAS AGC FOUNDATION OFFERS PROGRESSIVE TRAINING OPPORTUNITIES FOR CONSTRUCTION TRADE CRAFTSMEN, CONSTRUCTION SUPERVISORS, AND EXECUTIVE MANAGEMENT. THE FOUNDATION IS AN ACCREDITED TRAINING SPONSOR FOR THE NATIONAL CENTER FOR CONSTRUCTION EDUCATION AND RESEARCH (NCCER). AS A SPONSOR THE FOUNDATION OFFERS THE NCCER INSTRUCTOR CERTIFICATION TRAINING PROGRAM. CERTIFIED INSTRUCTORS ARE QUALIFIED TO TEACH NCCER CONTREN LEARNING SERIES CURRICULUM. THISCURRICULUM IS MODULE BASED AND TEACHES STUDENTS KNOWLEDGE AND SKILLS ASSOCIATED WITH TASKS RELATED TO A VARIETY OF CRAFT TRADES. TRAINING IS CONDUCTED IN COMMUNITY COLLEGES, TECHNICAL SCHOOLS, HIGH SCHOOLS, AND WITHIN INDIVIDUAL CONSTRUCTION COMPANIES IN NC AND SC. THE FOUNDATION IS AN ACCREDITED ASSESSMENT CENTER FOR NCCER. THE FOUNDATION OFFERS NCCER CERTIFICATION ASSESSMENTS FOR JOURNEY LEVEL CRAFTSMEN IN A VARIETY OF CRAFT TRADES. UPON SUCCESSFUL COMPLETION, CRAFTSMENRECEIVE CERTIFICATION CREDENTIALS FROM NCCER. THE FOUNDATION OFFERS A VARIETY OF SUPERVISORY AND MANAGEMENT CONTINUING EDUCATION OPPORTUNITIES. EDUCATIONAL OFFERINGS ARE DETERMINED FROM CAGC'S MEMBER INPUT AND CHANGE BASED ON THE CHANGING NEEDS OF THE INDUSTRY. THE FOUNDATION OFFERS THESE COURSES TO CAGC'S GENERAL MEMBERSHIP AND AS PRIVATE OFFERINGS TO MEMBER FIRMS. THE FOUNDATION'S PUBLIC OFFERINGS ARE AVAILABLE TO NON CAGC MEMBERS BASED ON SPACE AVAILABILITY. THE FOUNDATION IS COMMITTED TO PROVIDING HIGH QUALITY EDUCATION SERVICES FOR THE BENEFIT OF ITS MEMBERSHIP AND THE CONSTRUCTION INDUSTRY IN A COST EFFECTIVE MANNER TO HELP MAKE ATTENDEES SKILLED AND VALUED REPRESENTATIVES OF THE CONSTRUCTION INDUSTRY.Expenses $19,994 · grants $19,994
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 56-1604530
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 1989
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1,782,046
- Income (IRS master file)
- $1,566,918
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,566,918 | $1,575,125 | $1,782,046 | XML |
| 990 | December 2023 | $1,757,836 | $1,906,262 | $1,916,798 | XML |
| 990 | December 2022 | $324,550 | $416,689 | $2,351,366 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 56-1604530).
Questions about CAGC FOUNDATION INC
- What is the EIN of CAGC FOUNDATION INC?
- The employer identification number (EIN) of CAGC FOUNDATION INC is 56-1604530.
- Is CAGC FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1989.
- Are donations to CAGC FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does CAGC FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CAGC FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CAGC FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of CAGC FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names David Simpson.
- Who are the officers and directors of CAGC FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 18 people; 0 received compensation from the organization.
- How much revenue does CAGC FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,566,918, expenses of $1,575,125 and total assets of $1,782,046 at year end.
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