Nonprofit · EIN 56-0126510
CAROLINAS AGC INC
Tax-exempt · CHARLOTTE, NC 28217
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $5,481,423 | $5,100,753 | $380,670 | $12,781,369 | $3,785,740 | $8,995,629 |
| December 31, 2023 | 990 | $4,796,436 | $4,424,588 | $371,848 | $11,132,082 | $3,023,370 | $8,108,712 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $28,663
- Program service revenue
- $5,061,884
- Investment income
- $327,969
- Net income from fundraising events
- $4,892
- Other revenue
- $62,907
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $404,918
- Other salaries and wages
- $1,744,661
- Salaries, compensation and benefits (total)
- $2,454,067
- Professional fundraising fees
- $0
- Occupancy
- $141,726
- Travel
- $131,698
- Depreciation
- $4,339
- Program services (functional)
- $3,028,504
- Management and general (functional)
- $1,188,956
- Fundraising (functional)
- $883,293
Balance sheet and other
- Total assets, start of year
- $11,132,082
- Total assets, end of year
- $12,781,369
- Total liabilities, end of year
- $3,785,740
- Net assets, end of year
- $8,995,629
- Land, buildings and equipment
- $6,881
- Publicly traded securities
- $5,863,532
- Net assets without donor restrictions
- $8,995,629
- Gross receipts
- $5,499,331
- Employees
- 19
- Volunteers
- 633
- Year formed
- 1922
- 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 | Other / benefits |
|---|---|---|---|---|
| David Simpson | President & CEO Officer | 55 | $386,660 | $18,258 |
| Mary Elizabeth Bailey | NC Gov't Relations | 40 | $211,493 | $21,884 |
| Leslie B Clark | SC Gov't Relations | 42 | $188,575 | $23,513 |
| Victor Barbour | NC Gov't Relations | 30 | $152,481 | $1,110 |
| Chelsea Andujar | Director of Events | 40 | $122,849 | $20,227 |
| Cindy Phelps | Dir. of accounting | 40 | $122,849 | $20,226 |
| John Edward | Building Rep. Trustee or director | 7.5 | $0 | $0 |
| Mark Johnnie | Imm Past Chair Trustee or director, Officer | 7.5 | $0 | $0 |
| Dean Wilson | Chair Trustee or director, Officer | 7.5 | $0 | $0 |
| Lynn Hansen | Treasurer Trustee or director, Officer | 7.5 | $0 | $0 |
| Lee Bradley | Highway Rep. Trustee or director | 7.5 | $0 | $0 |
| Marty Moser | Vice Chair Trustee or director, Officer | 7.5 | $0 | $0 |
| Ty Edmondson | Chair Elect Trustee or director, Officer | 7.5 | $0 | $0 |
| Kevin Moorhead | Utility Rep. Trustee or director | 7.5 | $0 | $0 |
| Mark Muller | Specialty Rep. Trustee or director | 7.5 | $0 | $0 |
6 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Matt Lilly | Supplier Rep Trustee or director | 7.5 | $0 |
| Jonathan Bivens | Director Trustee or director | 7.5 | $0 |
| Beth Muter | Director Trustee or director | 7.5 | $0 |
| Jim Roberts | Director Trustee or director | 7.5 | $0 |
| Clay Tresher | Young Leader Trustee or director | 7.5 | $0 |
| Sherita Evans | Spec/SS Rep Trustee or director | 7.5 | $0 |
990 for the year ended December 31, 2023: 20 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| David Simpson | President & CEO Officer | 56 | $335,000 | $17,610 |
| Mary Elizabeth Bailey | NC Gov't Relations | 40 | $195,676 | $18,717 |
| Leslie B Clark | SC Gov't Relations | 42 | $165,568 | $21,750 |
| Victor Barbour | NC Gov't Relations | 30 | $141,842 | $917 |
| Cindy Phelps | Dir. of accounting | 40 | $113,950 | $19,205 |
| Chris Smith | Building Rep. Trustee or director | 7.5 | $0 | $0 |
| Charlie T Wilson III | Imm Past Chair Trustee or director, Officer | 7.5 | $0 | $0 |
| Mark Johnnie | Chair Trustee or director, Officer | 7.5 | $0 | $0 |
| Ty Edmondson | Treasurer Trustee or director, Officer | 7.5 | $0 | $0 |
| Marty McKee | Highway Rep. Trustee or director | 7.5 | $0 | $0 |
| Lynn Hansen | Vice Chair Trustee or director, Officer | 7.5 | $0 | $0 |
| Dean Wilson | Chair Elect Trustee or director, Officer | 7.5 | $0 | $0 |
| Derrick Morgan | Utility Rep. Trustee or director | 7.5 | $0 | $0 |
| Daniel Poaps | Specialty Rep. Trustee or director | 7.5 | $0 | $0 |
| Geric Potts | Supplier Rep Trustee or director | 7.5 | $0 | $0 |
| Jonathan Bivens | Director Trustee or director | 7.5 | $0 | $0 |
| Beth Muter | Director Trustee or director | 7.5 | $0 | $0 |
| Jim Roberts | Director Trustee or director | 7.5 | $0 | $0 |
| Paul Edwards | Young Leader Trustee or director | 7.5 | $0 | $0 |
| Sherita Evans | Spec/SS Rep Trustee or director | 7.5 | $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, President & CEO
- Phone
- (704) 372-1450
- Website
- www.cagc.org
- Return prepared by
- Foard and Company PA
Mission
Carolinas AGC represents contractors and construction-related firms that perform work in North Carolina and South Carolina and serves as a chapter of AGC of America and ARTBA.
Program accomplishments
- GENERAL MEMBER SERVICES - CAGC CONNECTS OWNERS, DESIGNERS, BIDDERS AND SUBBIDDERS. GOVERNMENT RELATIONS INCLUDE CAROLINAS AGC STAFF INTERACTION WITH VARIOUS LEVELS OF GOVERNMENT AND REGULATORY ENTITIES ON BEHALF OF THE ENTIRE MEMBERSHIP COMMUNITY. EFFORTS INCLUDE THE MONITORING AND INVOLVEMENT OF LEGISLATION AT THE STATE LEVELS ACROSS THE CAROLINAS IN ADDITION TO SUPPORT OF THE NATIONAL AGC AND ARTBA IN MEETINGS AND EVENTS. CAROLINAS AGC HOLDS VARIOUS MEETINGS AND EVENTS PURSUIT OF INDUSTRY GOALS. THERE WERE APPROXIMATELY 800 MEMBERS SERVED IN 2021, INCLUDING PROVIDING INFORMATION AND ASSISTANCE TO ALL MEMBERS IN MULTIPLE MAJOR INDUSTRY DIVISIONS. THESE MEETINGS PROVIDE FOR THE CRITICAL EXCHANGE OF IDEAS AND PERSPECTIVES BETWEEN MEMBERS REGARDING IMPORTANT CURRENT ISSUES IMPACTING THE CONSTRUCTION INDUSTRY.
- MEETINGS AND EVENTS - CAROLINAS AGC HOLDS VARIOUS MEETINGS AND EVENTS TO PROVIDE INFORMATION AND ASSISTANCE TO ALL MEMBERS IN MULTIPLE MAJOR INDUSTRY DIVISIONS. THESE MEETINGS PROVIDE FOR THE CRITICAL EXCHANGE OF IDEAS AND PERSPECTIVES BETWEEN MEMBERS REGARDING IMPORTANT CURRENT ISSUES IMPACTING THE CONSTRUCTION INDUSTRY.
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
- 56-0126510
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1940
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S41Z)
- Assets (IRS master file)
- $12,781,369
- Income (IRS master file)
- $5,499,331
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $5,481,423 | $5,100,753 | $12,781,369 | IRS |
| 990 | December 2023 | $4,796,436 | $4,424,588 | $11,132,082 | XML |
| 990 | December 2022 | $4,562,277 | $4,131,379 | $10,252,620 | 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 56-0126510).
Questions about CAROLINAS AGC INC
- What is the EIN of CAROLINAS AGC INC?
- The employer identification number (EIN) of CAROLINAS AGC INC is 56-0126510.
- Is CAROLINAS AGC INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1940.
- Are donations to CAROLINAS AGC INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does CAROLINAS AGC 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 CAROLINAS AGC 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 CAROLINAS AGC 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 CAROLINAS AGC INC?
- The 990 for the year ended December 31, 2024 names David Simpson.
- Who are the officers and directors of CAROLINAS AGC INC?
- The 990 for the year ended December 31, 2024 lists 21 people; 6 received compensation from the organization, the highest $386,660 (David Simpson, President & CEO).
- How much revenue does CAROLINAS AGC INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $5,481,423, expenses of $5,100,753 and total assets of $12,781,369 at year end.
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