2020-10-02T12:12:52-05:00 2019-12-31 541487262 MATTHEWS CARTER & BOYCE 12500 FAIR LAKES CIRCLE SUITE 260 FAIRFAX VA 22033 990 2019-01-01 530026395 AMERICAN ROAD AND TRANSPORTATION BUILDERS ASSOCIATION AMER 2022894434 250 E STREET NW NO 900 WASHINGTON DC 20024 MICHAEL FORSYTHE CFO 2022894434 2020-10-01 1 CHARLES R DEPPE P01300682 7032183600 2020-10-01 66.77.128.118 2020-10-01 14:35:13 ED P 74A20A7CAB42CD9D2745310A4264A74FF49E3BBE F6EF78169EAC6FE9A87F4F41CC065DB227263A41 2019 2021-04-22 16:20:28Z MICHAEL FORSYTHE 250 E STREET NW NO 900 WASHINGTON DC 20024 8681469 0 X WWW.ARTBA.ORG X 1902 DC TO ADVOCATE AND PROMOTE TRANSPORATION DEVELOPMENT IN THE UNITED STATES. 157 156 40 157 0 0 1818170 1614907 6058463 6072083 86541 162949 729405 797985 8692579 8647924 0 0 0 0 7016450 5695677 0 0 0 3221754 2746585 10238204 8442262 -1545625 205662 7688361 7534330 4518409 3561179 3169952 3973151 X THE AMERICAN ROAD AND TRANSPORTATION BUILDERS ASSOCIATION IS A NATIONAL FEDERATION OF INDIVIDUALS, PRIVATE FIRMS, PUBLIC AGENCIES, INSTITUTIONS AND ASSOCIATIONS WITH A PRIMARY GOAL OF ADVOCATING STRONG FEDERAL INVESTMENT IN TRANSPORTATION INFRASTRUCTURE IN THE PUBLIC INTEREST. ON BEHALF OF ITS MEMBERS AND THE PUBLIC, ARTBA AGGRESSIVELY AND PROGRESSIVELY PROMOTES MARKET DEVELOPMENT OF SAFE AND EFFICIENT TRANSPORTATION SYSTEMS. COMPLEMENTING ITS VITAL LEADERSHIP ROLES IN THIS AREA, THE ASSOCIATION ALSO PROVIDES REGULATORY ADVOCACY AND SERVICES AND BENEFITS DESIGNED TO HELP ITS MEMBER FIRMS AND AGENCIES OPERATE MORE EFFICIENTLY. 0 0 MEMBERSHIP- AS A FULL SERVICE TRADE ASSOCIATION, ARTBA OFFERS A VARIETY OF INFORMATION, TOOLS, AND SERVICES TO HELP ITS MEMBER FIRMS AND AGENCIES OPERATE MORE EFFICIENTLY. AMONG THESE ARE:- CUTTING EDGE ECONOMICS AND RESEARCH REPORTS COVERING ALL ANGLES OF THE TRANSPORTATION CONSTRUCTION MARKET- SAFETY SERVICES, TRAINING ANG PRODUCTS- TOP NOTCH COMMUNICATION TOOLS SUCH AS "TRANSPORTATION BUILDER" MAGAZINE, "WASHINGTON NEWSLINE", E-NEWSLETTERS, WEBSITES, MEMBERSHIP DIRECTORY, AND ANNUAL "TRANSPORTATION OFFCIALS AND ENGINEERS DIRECTORY"- CUSTOMIZED PROFESSIONAL DEVELOPMENT PROGRAMS DESIGNED SPECIFICALLY FOR TRANSPORTATION DESIGN, CONSTRUCTION AND SAFETY PROFESSIONALS ADVOCACY AND LOBBYING- ARTBA IS AN AGGRESSIVE AND EFFICIENT ADVOCATE ON BEHALF OF THE U.S. TRANSPORTATION DESIGN AND CONSTRUCTION INDUSTRY BEFORE THE CONGRESS, WHITE HOUSE, EXECUTIVE BRANCH AND FEDERAL AGENCIES. MEETINGS & CONFERENCES- ARTBA OFFERS ABUNDANT NETWORKING AND BUSINESS DEVELOPMENT OPPORTUNITIES AT ARTBA'S NATIONAL MEETINGS AND EVENTS. THESE MEETINGS CONSIST OF THE ARTBA ANNUAL CONVENTION, PUBLIC PRIVATE PARTNERSHIP CONFERENCE, THE FEDERAL ISSUES PROGRAM AND TRANSPORTATION CONSTRUCTION COALITION FLY-IN, AND OTHER VARIOUS REGIONAL MEETINGS. 0 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 29 0 1 40 1 1 1 0 0 0 1 1 0 0 0 X 157 156 0 0 0 0 1 1 0 1 1 0 1 1 0 1 1 1 1 1 1 0 0 X THE ORGANIZATION 2022894434 250 E STREET NW NO 900 WASHINGTON DC 20024 ED ANDERSON BOARD MEMBER 1.00 X 0 0 0 ROLANDO ACOSTA ESQ BOARD MEMBER 1.00 X 0 0 0 ROBERT E ALGER PE CHAIRMAN 1.00 X X 0 0 0 MARK BARKOWSKI BOARD MEMBER 1.00 X 0 0 0 JENNIFER AUMENT BOARD MEMBER 1.00 X 0 0 0 DAVID BAUER SECRETARY/PRESIDENT/CEO 40.00 X X 506086 0 2116 MICHAEL BELL BOARD MEMBER 1.00 X 0 0 0 CHANDRA R BHAT PE BOARD MEMBER 1.00 X 0 0 0 DOUG BLACK BOARD MEMBER 1.00 X 0 0 0 TONY BOALS BOARD MEMBER 1.00 X 0 0 0 NICK BOKAIE BOARD MEMBER 1.00 X 0 0 0 JOHN P BOYLE II BOARD MEMBER 1.00 X 0 0 0 LARRY BRICKEY BOARD MEMBER 1.00 X 0 0 0 SOFIA M BERGER BOARD MEMBER 1.00 X 0 0 0 DAVE CANTWELL BOARD MEMBER 1.00 X 0 0 0 STEPHEN A CARDI II BOARD MEMBER 1.00 X 0 0 0 BENJAMIN BILLER PE BOARD MEMBER 1.00 X 0 0 0 JONATHAN BIVENS BOARD MEMBER 1.00 X 0 0 0 MATT BLAKE BOARD MEMBER 1.00 X 0 0 0 OZZY BRAVO PE BOARD MEMBER 1.00 X 0 0 0 DANIEL F BROWN BOARD MEMBER 1.00 X 0 0 0 STEVE CLARK BOARD MEMBER 1.00 X 0 0 0 DAVID CLEMENT BOARD MEMBER 1.00 X 0 0 0 JEFFREY R CLYDE WESTERN REGION VICE CHAIRM 1.00 X X 0 0 0 WILLIAM B ELINE BOARD MEMBER 1.00 X 0 0 0 TIM COX BOARD MEMBER 1.00 X 0 0 0 WILLIAM G COX BOARD MEMBER 1.00 X 0 0 0 MIKE CRAWFORD BOARD MEMBER 1.00 X 0 0 0 TIM CRESON JOINT COMMITTEE REP. 1.00 X X 0 0 0 JIM CROWLEY BOARD MEMBER 1.00 X 0 0 0 MATTHEW CUMMINGS IMMEDIATE PAST CHAIR 1.00 X X 0 0 0 JOSEPH A CUTILLO BOARD MEMBER 1.00 X 0 0 0 RYAN GOOTEE BOARD MEMBER 1.00 X 0 0 0 AMY HALL BOARD MEMBER 1.00 X 0 0 0 JOHN A DERR PE BOARD MEMBER 1.00 X 0 0 0 STEVEN D DEWITT BOARD MEMBER 1.00 X 0 0 0 NICK DIGERONIMO BOARD MEMBER 1.00 X 0 0 0 RICK DORRIS BOARD MEMBER 1.00 X 0 0 0 TIM DUIT VICE CHAIRMAN AT-LARGE 1.00 X X 0 0 0 RICHARD HAMILTON BOARD MEMBER 1.00 X 0 0 0 GLENN ELY BOARD MEMBER 1.00 X 0 0 0 PHILLIP L HOCHER BOARD MEMBER 1.00 X 0 0 0 STANLEY HOWARD BOARD MEMBER 1.00 X 0 0 0 JIM FEHSENFELD CENTRAL VICE CHAIRMAN 1.00 X X 0 0 0 MICHAEL P WEAVER BOARD MEMBER 1.00 X 0 0 0 CHRISTOPHER FRONHEISER BOARD MEMBER 1.00 X 0 0 0 MARIA FUENTES BOARD MEMBER 1.00 X 0 0 0 CHARLES GALLAGHER BOARD MEMBER 1.00 X 0 0 0 MATT GIRARD BOARD MEMBER 1.00 X 0 0 0 MICHAEL GLEZER BOARD MEMBER 1.00 X 0 0 0 GARY L GODBERSEN BOARD MEMBER 1.00 X 0 0 0 KEVIN GOFORTH BOARD MEMBER 1.00 X 0 0 0 DONALD D GRAUL VICE CHAIRMAN AT-LARGE 1.00 X X 0 0 0 KEVIN K GROENEWEG BOARD MEMBER 1.00 X 0 0 0 PAUL W GRUNER PE PS BOARD MEMBER 1.00 X 0 0 0 JOHN HALE BOARD MEMBER 1.00 X 0 0 0 PAULA J HAMMOND VICE CHAIRMAN AT-LARGE 1.00 X X 0 0 0 JON HARMAN BOARD MEMBER 1.00 X 0 0 0 ROBERT HARMS BOARD MEMBER 1.00 X 0 0 0 DAVID HARWOOD NORTHEASTERN VICE CHAIRMAN 1.00 X X 0 0 0 CHRIS HAWKINS BOARD MEMBER 1.00 X 0 0 0 JOHN C HAY BOARD MEMBER 1.00 X 0 0 0 MAX J HEMPT BOARD MEMBER 1.00 X 0 0 0 JOHN HENDERSON BOARD MEMBER 1.00 X 0 0 0 CHIP JONES BOARD MEMBER 1.00 X 0 0 0 DAN HICKEY BOARD MEMBER 1.00 X 0 0 0 THOMAS W HILL TREASURER 1.00 X X 0 0 0 CHRIS KAMINSKI BOARD MEMBER 1.00 X 0 0 0 DUSTY HOLCOMBE BOARD MEMBER 1.00 X 0 0 0 DR JOSE HOLGUIN-VERAS BOARD MEMBER 1.00 X 0 0 0 DAVID KISSICK BOARD MEMBER 1.00 X 0 0 0 NICK IVANOFF PE BOARD MEMBER 1.00 X 0 0 0 DARREN KETTLE BOARD MEMBER 1.00 X 0 0 0 CLARENCE LABAR BOARD MEMBER 1.00 X 0 0 0 RANDY LAKE VICE CHAIRMAN AT-LARGE 1.00 X X 0 0 0 JACK C LANFORD BOARD MEMBER 1.00 X 0 0 0 SCOTT LANG BOARD MEMBER 1.00 X 0 0 0 DOUG LAVOIE PE BOARD MEMBER 1.00 X 0 0 0 KENNETH L LANFORD BOARD MEMBER 1.00 X 0 0 0 CHARLES A MACHEMEHL JR BOARD MEMBER 1.00 X 0 0 0 JAMES R MADARA PE PAST CHAIRMAN'S COUNCIL RE 1.00 X X 0 0 0 JOSEPH F MALANDRO PE BOARD MEMBER 1.00 X 0 0 0 DAVID LYNCH BOARD MEMBER 1.00 X 0 0 0 REBECCA WOOD BOARD MEMBER 1.00 X 0 0 0 RICHARD MARKWITH BOARD MEMBER 1.00 X 0 0 0 KENT H MARSHALL BOARD MEMBER 1.00 X 0 0 0 SUSAN MARTINOVICH VICE CHAIRMAN AT-LARGE 1.00 X X 0 0 0 MICHAEL S MCARDLE BOARD MEMBER 1.00 X 0 0 0 EUGENE MCCORMICK BOARD MEMBER 1.00 X 0 0 0 JIM MCEVOY BOARD MEMBER 1.00 X 0 0 0 STEVE MCGOUGH SENIOR VICE CHAIRMAN 1.00 X X 0 0 0 JAN L MENUEZ BOARD MEMBER 1.00 X 0 0 0 JOHN W MIDGLEY PE BOARD MEMBER 1.00 X 0 0 0 JEFFREY LOWER PE BOARD MEMBER 1.00 X 0 0 0 JEFFREY NELSON SOUTHERN VICE CHAIRMAN 1.00 X X 0 0 0 WARD NYE FIRST VICE CHAIRMAN 1.00 X X 0 0 0 TOM O'GRADY BOARD MEMBER 1.00 X 0 0 0 GEORGE PACCHIANA BOARD MEMBER 1.00 X 0 0 0 JEFFREY J PARISI BOARD MEMBER 1.00 X 0 0 0 WILLIAM R PEEK BOARD MEMBER 1.00 X 0 0 0 ROGER MARLIN BOARD MEMBER 1.00 X 0 0 0 THOMAS PELNIK III PE BOARD MEMBER 1.00 X 0 0 0 JAMES R PETERSON BOARD MEMBER 1.00 X 0 0 0 PAUL PETERSON JR BOARD MEMBER 1.00 X 0 0 0 CURT MAULER BOARD MEMBER 1.00 X 0 0 0 MARTIN PIETRUCHA BOARD MEMBER 1.00 X 0 0 0 BRANDIE MEISNER BOARD MEMBER 1.00 X 0 0 0 CHARLES POTTS BOARD MEMBER 1.00 X 0 0 0 JAMES J PRATT III BOARD MEMBER 1.00 X 0 0 0 KEN RANDOLPH BOARD MEMBER 1.00 X 0 0 0 KENNETH R REZENDES BOARD MEMBER 1.00 X 0 0 0 GREGG MITCHELL BOARD MEMBER 1.00 X 0 0 0 LISA M ROBERT PE BOARD MEMBER 1.00 X 0 0 0 DAVID MOELLERING BOARD MEMBER 1.00 X 0 0 0 BEN ROBUCK BOARD MEMBER 1.00 X 0 0 0 STEVE NACHREINER BOARD MEMBER 1.00 X 0 0 0 JAMES E O'BRIEN JR BOARD MEMBER 1.00 X X 0 0 0 PHILLIP E RUSSELL PE BOARD MEMBER 1.00 X 0 0 0 JOHN P RUTTER BOARD MEMBER 1.00 X 0 0 0 CHRIS SANDERS BOARD MEMBER 1.00 X 0 0 0 SIMON SANTIAGO BOARD MEMBER 1.00 X 0 0 0 BOB SCHAFER BOARD MEMBER 1.00 X 0 0 0 CARL SCHOEDEL PE BOARD MEMBER 1.00 X 0 0 0 ERIC SEIBRING BOARD MEMBER 1.00 X 0 0 0 DENNIS J SLATER BOARD MEMBER 1.00 X 0 0 0 JULE SMITH BOARD MEMBER 1.00 X 0 0 0 DEBBIE STEIGER BOARD MEMBER 1.00 X 0 0 0 MICHAEL STENKO BOARD MEMBER 1.00 X 0 0 0 W MARK STERLING BOARD MEMBER 1.00 X 0 0 0 JEFFREY L STERNER BOARD MEMBER 1.00 X 0 0 0 ROBERT STEVENS BOARD MEMBER 1.00 X 0 0 0 THOMAS W STONER BOARD MEMBER 1.00 X 0 0 0 GENE STRICKLAND BOARD MEMBER 1.00 X 0 0 0 TREY PEBLEY BOARD MEMBER 1.00 X 0 0 0 DALE SWANBERG BOARD MEMBER 1.00 X 0 0 0 ANDREW SWANK BOARD MEMBER 1.00 X 0 0 0 SCOTT THOMPSON BOARD MEMBER 1.00 X 0 0 0 DR MELISSA S TOOLEY BOARD MEMBER 1.00 X 0 0 0 JAMES E TRIPLETT BOARD MEMBER 1.00 X 0 0 0 LEO A VECELLIO JR BOARD MEMBER 1.00 X 0 0 0 JEAN VIDAL BOARD MEMBER 1.00 X 0 0 0 TOM PELLETTE BOARD MEMBER 1.00 X 0 0 0 DR C MICHAEL WALTON PHD PE BOARD MEMBER 1.00 X 0 0 0 JOEY CHARLES WILSON II BOARD MEMBER 1.00 X 0 0 0 STEPHEN D WRIGHT BOARD MEMBER 1.00 X 0 0 0 PAUL YAROSSI PE BOARD MEMBER 1.00 X 0 0 0 DAVID S ZACHRY BOARD MEMBER 1.00 X 0 0 0 DAVE ZANETELL BOARD MEMBER 1.00 X 0 0 0 KENT PETERSON BOARD MEMBER 1.00 X 0 0 0 KAREN PHILBRICK BOARD MEMBER 1.00 X 0 0 0 ALMA PICKLE BOARD MEMBER 1.00 X 0 0 0 JIM SCHNEIDERMAN BOARD MEMBER 1.00 X 0 0 0 ROGER THOMAS BOARD MEMBER 1.00 X 0 0 0 MICHAEL VECELLIO BOARD MEMBER 1.00 X 0 0 0 JOSEPH WALSH BOARD MEMBER 1.00 X 0 0 0 STEVE WARREN BOARD MEMBER 1.00 X 0 0 0 KARL H WATSON JR BOARD MEMBER 1.00 X 0 0 0 MATT JEANNERET EXECUTIVE DIRECTOR 40.00 X 425086 0 27217 WILLIAM D TOOHEY JR EXECUTIVE VICE PRESIDENT 40.00 X 298784 0 15653 RICH JULIANO SENIOR VICE PRESIDENT - PO 40.00 X 298839 0 41233 MICHAEL FORSYTHE CHIEF FINANCIAL OFFICER 40.00 X 300086 0 33938 BRAD SANT SENIOR VICE PRESIDENT - SAFETY 40.00 X 296473 0 34589 2125354 0 154746 6 0 1 0 GRAND HYATT WASHINGTON 1000 H STREET NW WASHINGTON DC 20001 2019 FIP EVENT 251467 BALLARD PARTNERS INC 201 EAST PARK AVE 5TH FLOOR TALLAHASSEE FL 32301 CONSULTING SERVICESG 220000 HYATT REGENCY SAVANNAH C/O CINDY MILETICH TWO WEST BAY ST SAVANNAH GA 31401 2019 NATIONAL CONVENTION 165289 ERNST & YOUNG LLP POBOX 640382 PITTSBURGH PA 152640382 SERVICES PROVIDED BY WASHINGTON COUNCIL 122500 US CHAMBER OF COMMERCE 1615 H STREET NW WASHINGTON DC 20062 MEMBERSHIP DUES 110000 5 1614907 1614907 MEMBERSHIP DUES 900099 5550460 5550460 CONFERENCES 900099 364884 364884 PUBLICATIONS 900099 156739 156739 6072083 97108 97108 132257 132257 99386 33545 65841 65841 65841 ADVERTISING INCOME 541800 331524 331524 MANAGEMENT FEE INCOME 900099 180000 180000 OTHER REVENUE 900099 154204 154204 665728 8647924 6072083 0 960934 960505 3706886 706255 322031 18147 32500 27657 6634 2415 733843 154151 1060889 52608 166876 48167 DUES & SUBSCRIPTIONS 242838 COMPUTER SUPPLIES 173194 OTHER EXPENSES 161165 PRINTING & OFFICE SUPPL 119686 -254185 8442262 196022 127048 53165 115840 1907174 1464868 29564 29564 53222 123278 1659946 543194 1237343 1116752 4211871 4556980 7688361 7534330 924930 596826 596127 487751 1411859 964467 1585493 1512135 4518409 3561179 X 3169952 3973151 3169952 3973151 7688361 7534330 205662 597537 0 X 0 1 X 0 1 1 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED ARTBA POLITICAL ACTION COMMITTEE 250 E STREET NW SUITE 900 WASHINGTON DC 20024 521206341 135000 0 0 0 6455467 615200 615200 905007 -289807 1330568 312482 1018086 324492 228892 95600 4886 1820 3066 1116752 DEFERRED RENT 727054 DEFERRED RENT INCENTIVE 785081 1512135 X PART X, LINE 2: THE ASSOCIATION PERFORMED AN EVALUATION OF UNCERTAIN TAX POSITIONS FOR THE YEAR ENDED DECEMBER 31, 2019, AND DETERMINED THAT THERE ARE NO MATTERS THAT WOULD REQUIRE RECOGNITION IN THE CONSOLIDATED FINANCIAL STATEMENTS OR WHICH MAY HAVE ANY EFFECT ON ITS TAX-EXEMPT STATUS. X 0 0 X X 0 0 0 DAVID BAUER SECRETARY/PRESIDENT/CEO 506086 0 0 0 0 0 0 0 2116 0 508202 0 0 0 MATT JEANNERET EXECUTIVE DIRECTOR 415086 0 10000 0 0 0 8400 0 18817 0 452303 0 0 0 WILLIAM D TOOHEY JR EXECUTIVE VICE PRESIDENT 298784 0 0 0 0 0 0 0 15653 0 314437 0 0 0 RICH JULIANO SENIOR VICE PRESIDENT - PO 288839 0 10000 0 0 0 8400 0 32833 0 340072 0 0 0 MICHAEL FORSYTHE CHIEF FINANCIAL OFFICER 290086 0 10000 0 0 0 8400 0 25538 0 334024 0 0 0 BRAD SANT SENIOR VICE PRESIDENT - SAFETY 289473 0 7000 0 0 0 8400 0 26189 0 331062 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 ARTBA IS ORGANIZED AS AN ASSOCIATION WITH MEMBERS. THE MEMBERS ELECT THE BOARD OF DIRECTORS WHO APPROVE SIGNIFICANT DECISIONS REGARDING THE ASSOCIATION. FORM 990, PART VI, SECTION A, LINE 7A ALL MEMBERS OF THE ASSOCIATION SHALL HAVE FULL VOTING RIGHTS WITHOUT REGARD TO MEMBERSHIP OR DUES CATEGORY. THE DIRECTORS AND THE OFFICERS OF THE ORGANIZATION, WITH THE EXCEPTION OF THE CEO/PRESIDENT SHALL BE ELECTED BY VOTE OF THE MEMBERS OF THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B GENERALLY, ARTBA HIRES A CPA FIRM TO PREPARE THE FORM 990. THE RETURN IS REVIEWED BY THE CFO AND SIGNED BY THE CEO OR CFO. FORM 990, PART VI, SECTION B, LINE 12C ARTBA HAS TWO CONFLICT OF INTEREST POLICIES, ONE FOR THE STAFF AND ONE FOR THE DIRECTORS. THE STAFF POLICY REQUIRES ANNUAL DECLARATIONS. THE BOARD POLICY IS GIVEN TO ALL NEW DIRECTORS. FORM 990, PART VI, SECTION B, LINE 15A THE CEO'S COMPENSATION IS DETERMINED BY A COMPENSATION COMMITTEE, WHICH CONSISTS OF INDEPENDENT MEMBERS SUCH AS THE CHAIRMAN, PAST CHAIRMAN, SENIOR VICE-CHAIRMAN AND TREASURER. THE COMPENSATION COMMITTEE USES COMPARABILITY DATA TO ASSIST IN DETERMINING COMPENSATION. 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. ARTBA TRANSPORTATION AND DEVELOPMENT FOUNDATION 250 E STREET NW SUITE 900 WASHINGTON DC 20024 526283894 EDUCATION DC 501(C)(3) LINE 12B, II 0 ARTBA POLITICAL ACTION COMMITTEE 250 E STREET NW SUITE 900 WASHINGTON DC 20024 521206341 POLITICAL ACTIVITY DC ARTBA C 1.00000 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 0 ARTBA TRANPORTATION AND DEVELOPMENT J 21600 MARKET VALUE ARTBA TRANPORTATION AND DEVELOPMENT O 1041406 MARKET VALUE ARTBA TRANPORTATION AND DEVELOPMENT Q 105000 MARKET VALUE