CONCRETE ADVANCEMENT FOUNDATION INC

EIN: 521680963 501(c)(3) Science & Technology

ALEXANDRIA, VA

Total Revenue
$2,954,224
Total Expenses
$2,660,100
Total Assets
$26,365,712
Net Assets
$26,225,816
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1990
Legal Domicile
MD
Principal Officer
Julie Garbini
Phone
7037064800
Tax Period
2024-01-01 to 2024-12-31

READY MIXED CONCRETE RESEARCH AND EDUCATION FOUNDATION INC, founded in 1990, is a community nonprofit in the Science & Technology sector that reported $1.9M in total revenue in fiscal year 2018. Revenue fell 66% from the prior year — a significant decline worth monitoring. Expenses of $1.7M left a modest 13% surplus.

Mission

The Foundation is dedicated to enhancing and strengthening the concrete industry through independent research and quality education programming.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,028,665
Program Service Revenue $0
Investment Income $1,925,559
Other Revenue $0
TOTAL REVENUE $2,954,224

Expense Breakdown

Grants Paid $2,046,982
Salaries & Benefits $483,127
Fundraising Expenses $0
Program Expenses $2,461,898
Other Expenses $129,991
TOTAL EXPENSES $2,660,100

Year-over-Year Comparison

2024 2023 Change
Revenue $2,954,224 $2,555,399 +0.2%
Expenses $2,660,100 $2,802,065 -0.1%
Net Income $294,124 $-246,666 -2.2%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Governance

Voting Members
28
Independent Members
28
Employees
N/A
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$350,818
Total Directors
28
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Julie Garbini President 40.00
Officer
$306,499 $44,319 $350,818
Christopher Schenone Trustee 0.50
Director
$0 $0 $0
Rodney Grogan Trustee 0.50
Director
$0 $0 $0
Tim Becken Trustee 0.50
Director
$0 $0 $0
Rick Bohan Trustee 0.50
Director
$0 $0 $0
SCOTT PARSON Trustee 0.50
Director
$0 $0 $0
John Holliday Trustee 0.50
Director
$0 $0 $0
HENRY R BATTEN Trustee 0.50
Director
$0 $0 $0
John Ernst Trustee 0.50
Director
$0 $0 $0
Jonathan Randall Trustee 0.50
Director
$0 $0 $0
Michael Ireland Trustee 0.50
Director
$0 $0 $0
Kelly Curtis Trustee 0.50
Director
$0 $0 $0
David Loomes Trustee 0.50
Director
$0 $0 $0
Tom Strittmatter Trustee 0.50
Director
$0 $0 $0
Joel Galassini Trustee 0.50
Director
$0 $0 $0
Francis Hall Chaney Chairman 0.50
Officer Director
$0 $0 $0
Michael Haack Trustee 0.50
Director
$0 $0 $0
Steve Williams Trustee 0.50
Director
$0 $0 $0
Martin Willoughby Trustee 0.50
Director
$0 $0 $0
Jamie Gentoso Past Chairman 0.50
Officer Director
$0 $0 $0
Massimo Toso Trustee 0.50
Director
$0 $0 $0
Donald V Ingrassano Trustee 0.50
Director
$0 $0 $0
Pete Lyons Secretary/Trea. 0.50
Officer Director
$0 $0 $0
Bruce Christensen Trustee 0.50
Director
$0 $0 $0
Joe Roche Trustee 0.50
Director
$0 $0 $0
Matteo Rozzanigo Trustee 0.50
Director
$0 $0 $0
Alan Wessel Trustee 0.50
Director
$0 $0 $0
Abbott Lawrence Trustee 0.50
Director
$0 $0 $0
Bill Mullen Vice Chairman 0.50
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $2,954,224 $2,660,100 $26,365,712 $294,124
2023 $2,555,399 $2,802,065 $25,431,410 $-246,666
2022 $2,022,609 $2,294,692 $24,289,355 $-272,083
2021 $2,739,375 $1,675,899 $29,901,660 $1,063,476
2020 $1,932,666 $1,668,355 $27,410,998 $264,311
2019 $1,158,722 $1,743,342 $25,691,464 $-584,620
2018 $1,925,786 $1,674,313 $23,467,528 $251,473
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