CAGC Foundation Inc

EIN: 561604530 501(c)(3)

Charlotte, NC

Total Revenue
$1,566,918
Total Expenses
$1,575,125
Total Assets
$1,782,046
Net Assets
$561,433
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Financial Trends

Organization Details

Formation Year
1987
Legal Domicile
NC
Principal Officer
David Simpson
Phone
7043721450
Tax Period
2024-01-01 to 2024-12-31

CAGC Foundation Inc, founded in 1987, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year.

Mission

TO SERVE THE CONSTRUCTION INDUSTRY BY FINANCIALLY SUPPORTING EXCELLENT WORKFORCE DEVELOPMENT AND RESEARCH PROGRAMS, ACTIVITIES, AND SERVICES IN THE CAROLINAS.

Program Service Accomplishments

Program 1
Expenses: $1,492,264

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...

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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.

Program 2
Expenses: $19,994

EDUCATION AND TRAINING - CAROLINAS AGC FOUNDATION OFFERS PROGRESSIVE TRAINING OPPORTUNITIES FOR CONSTRUCTION TRADE CRAFTSMEN, CONSTRUCTION SUPERVISORS, AND EXECUTIVE MANAGEMENT. THE FOUNDATION IS AN...

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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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,264,774
Program Service Revenue $281,594
Investment Income $14,786
Other Revenue $5,764
TOTAL REVENUE $1,566,918

Expense Breakdown

Grants Paid $1,216,034
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,512,258
Other Expenses $359,091
TOTAL EXPENSES $1,575,125

Year-over-Year Comparison

2024 2023 Change
Revenue $1,566,918 $1,757,836 -0.1%
Expenses $1,575,125 $1,906,262 -0.2%
Net Income $-8,207 $-148,426 -0.9%
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
15
Independent Members
15
Employees
N/A
Volunteers
18

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
6
$404,918
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
David Simpson Secretary 7.50
Officer
$0 $18,258 $404,918
Edison Cassels Chair 7.50
Officer Director
$0 $0 $0
Melissa Cole Trustee 7.50
Director
$0 $0 $0
Chad Webb Chair Elect 7.50
Director
$0 $0 $0
Dean Wilson CAGC Chair 7.50
Officer Director
$0 $0 $0
Ed Roper Trustee 7.50
Director
$0 $0 $0
Evan Sowell Treasurer 7.50
Officer Director
$0 $0 $0
Scott Fant Trustee 7.50
Director
$0 $0 $0
Andrew Gardner Trustee 7.50
Director
$0 $0 $0
Richard Latorre Trustee 7.50
Director
$0 $0 $0
Elisabeth Kovacs Trustee 7.50
Director
$0 $0 $0
Kristie Van Auken Trustee 7.50
Director
$0 $0 $0
Fiorella Horna Trustee 7.50
Director
$0 $0 $0
Claudia Dodgen Past Chair 7.50
Officer Director
$0 $0 $0
Karl McCottry Trustee 7.50
Director
$0 $0 $0
Kate Daniels Trustee 7.50
Director
$0 $0 $0
Kelsey Davis Trustee 7.50
Director
$0 $0 $0
Betsy Bailey Vice President 42.00
Officer
$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 $1,566,918 $1,575,125 $1,782,046 $-8,207
2023 $1,757,836 $1,906,262 $1,916,798 $-148,426
2022 $324,550 $416,689 $2,351,366 $-92,139
2021 $1,397,403 $1,485,318 $1,104,041 $-87,915
2020 $2,401,187 $2,455,280 $2,413,251 $-54,093
2019 $144,376 $137,535 $963,689 $6,841
2018 $98,131 $146,101 $902,388 $-47,970
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