2012-05-14T13:08:45-05:00 2011-10-31 CLIFTONLARSONALLEN LLP 220 SOUTH SIXTH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2010-11-01 410132580 ASSOCIATED GENERAL CONTRACTORS OF MINNESOTA INC ASSO 6516328929 525 PARK STREET NO 110 ST PAUL MN 55103 DAVID SEMERAD 6516328929 2012-03-20 1 JOHN TAUER 6123764500 2010 2016-02-24 21:20:13Z DAVID C SEMERAD 525 PARK STREET NO 110 ST PAUL MN 55103 1703954 0 X WWW.AGCMN.ORG X 1919 MN TRADE ASSOCIATION REPRESENTING MEMBERS INVOLVED IN MINNESOTA'S CONSTRUCTION INDUSTRY. 12 12 10 12 52761 14343 17727 21547 1460710 1414333 45842 48653 79903 107349 1604182 1591882 0 0 0 0 967364 1044108 0 0 0 688148 624148 1655512 1668256 -51330 -76374 1533652 1533496 559022 634908 974630 898588 TRADE ASSOCIATION REPRESENTING MEMBERS CONSISTING OF CONTRACTORS AND OTHER COMPANIES AND INDIVIDUALS INVOLVED IN MINNESOTA'S CONSTRUCTION INDUSTRY. 0 0 ANNUAL CONVENTION: ANNUAL INFORMATIVE CONVENTION FOR CONTRACTORS DEALING WITH CURRENT CONSTRUCTION INDUSTRY ISSUES. SAFETY CONSULTANT DIVISION: SERVICE TO ASSURE CONSTRUCTION SITES OF MEMBERS ARE NOT IN VIOLATION OF HEALTH AND SAFETY (OSHA) REGULATIONS. ANNUAL CONSTRUCTION SAFETY DAY: ANNUAL INFORMATIVE DAY FOR CONTRACTORS DEALING WITH CURRENT CONSTRUCTION SAFETY PRACTICES AND LAWS. 0 0 0 1 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 15 0 1 10 1 1 1 0 0 0 0 0 X 12 12 0 0 0 0 1 1 0 1 1 0 0 0 1 1 1 1 1 1 0 0 X DAVID WAGGONER 6517962184 525 PARK STREET SUITE 110 ST PAUL MN 55103 MICHAEL WELCH 1.00 X X 0 0 0 BRIAN MAKI 1.00 X X 0 0 0 DAVE LENSS 1.00 X X 0 0 0 TIM CRENNEN 1.00 X X 0 0 0 CHRIS DUININCK 1.00 X 0 0 0 KENDALL GRIFFITH 1.00 X 0 0 0 DAVE HAMMARGREN 1.00 X 0 0 0 BRIAN MATHIOWETZ 1.00 X 0 0 0 TODD SCHILLING 1.00 X 0 0 0 ALISSA SCHNEIDER 1.00 X 0 0 0 TOM SLOAN 1.00 X 0 0 0 TODD TAGGART 1.00 X 0 0 0 DAVID C SEMERAD 40.00 X 172184 0 32447 TIM WORKE 40.00 X 147080 0 30568 319264 0 63015 2 0 1 0 0 21547 21547 MEMBERSHIP DUES 900099 1163119 1163119 MEETINGS & SEMINARS 900099 81147 81147 CONVENTION 900099 54065 54065 ADVERTISING INCOME 900099 44075 44075 SAFETY SERVICES 900099 34602 34602 37325 37325 1414333 39234 39234 98663 98663 90733 697 82011 8722 697 9419 9419 27410 21547 27410 0 11337 2651 8686 8686 1591882 1316193 52761 201381 185413 662765 36266 100891 58773 16695 12080 54330 5786 28674 51411 44106 39487 132242 59707 94321 4927 42563 16642 DUES & SUBSCRIPTIONS 17262 MISCELLANEOUS 2543 TAXES 1372 1668256 202219 124868 11218 9171 12223 26754 44328 37018 385803 227561 130746 158242 1126243 1170768 6675 6675 1533652 1533496 189356 232041 306831 312564 51207 85522 11628 4781 559022 634908 X 974630 898588 974630 898588 1533652 1533496 X -76374 332 X 0 1 1 X 0 0 0 0 0 0 0 0 1163119 112080 112080 174468 -62388 51835 21229 30606 333968 206332 127636 158242 FUNDS HELD FOR OTHERS 4781 4781 1591882 1668256 -76374 332 332 -76042 1610118 332 26958 27290 1582828 9054 9054 1591882 1689629 21373 21373 1668256 0 1668256 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE ASSOCIATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE AND APPLICABLE STATE CODES. THE ASSOCIATION IS SUBJECT TO TAX ON UNRELATED BUSINESS INCOME WHICH IS PRIMARILY ADVERTISING. THE ASSOCIATION ADOPTED THE ACCOUNTING STANDARD FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS AND PRESCRIBES A RECOGNITION THRESHOLD FOR THE FINANCIAL STATEMENT RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. THE IMPLEMENTATION OF THIS STANDARD HAD NO IMPACT ON THE ASSOCIATION'S FINANCIAL STATEMENTS. THE ASSOCIATION'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AUTHORITIES. THE TAX RETURNS FOR THE YEARS 2007 TO 2010 ARE OPEN TO EXAMINATION BY FEDERAL AUTHORITIES. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOOD SOLD 2,651. REVENUES OF RELATED ORGANIZATIONS REPORTED IN SEPARATE RETURNS 24,307. PART XII, LINE 4B - OTHER ADJUSTMENTS: NON-OPERATING INVESTMENT INCOME 9,054. PART XIII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 2,651. EXPENSES OF RELATED ORGANIZATIONS REPORTED IN SEPARATE RETURNS 18,722. GOLF OUTING 28382 13082 15300 1020 8113 5236 931 SPORTING CLAY 20575 8465 12110 1300 4662 5779 369 48957 21547 27410 2320 12775 11015 1300 27410 0 X X X 0 1 X X X X 0 0 0 DAVID C SEMERAD 145340 0 24027 0 2817 0 9447 0 23000 0 204631 0 0 0 TIM WORKE 133348 0 11600 0 2132 0 8668 0 21900 0 177648 0 0 0 PART I, LINE 1A TRAVEL FOR COMPANIONS - DAVID SEMERAD, CEO - $3,000 - NOT INCLUDIBLE IN TAXABLE COMPENSATION. GROSS-UP PAYMENTS - DAVID SEMERAD, CEO - $9,527- INCLUDED IN TAXABLE COMPENSATION; TIM WORKE, HWY/TRANS DIV DIRECTOR - $4,599 - INCLUDED IN TAXABLE COMPENSATION. HEALTH CLUB DUES - DAVID SEMERAD, CEO - $1,319 - INCLUDED IN TAXABLE COMPENSATION; TIM WORKE, HWY/TRANS DIV DIRECTOR - $576 - INCLUDED IN TAXABLE COMPENSATION. PART I, LINE 1B THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS DECIDED THAT TRAVEL FOR COMPANIONS WOULD BE PROVIDED TO DAVID SEMERAD, THE CEO. THE AMOUNT WAS DETERMINED BY THE EXECUTIVE COMMITTEE AS A COMPONENT OF HIS COMPENSATION PACKAGE. HEALTH CLUB DUES ARE PROVIDED TO ALL STAFF AND ARE INCLUDED IN TAXABLE INCOME. FORM 990, PART VI, SECTION A, LINE 1 THE ASSOCIATION HAS AN EXECUTIVE COMMITTEE COMPRISED OF THE CHAIR, VICE CHAIR, SECRETARY-TREASURER AND PAST CHAIR. EXCEPT TO THE EXTENT LIMITED BY RESOLUTION OF THE BOARD, THE EXECUTIVE COMMITTEE HAS ALL OF THE POWER AND AUTHORITY OF THE BOARD OF DIRECTORS IN THE INTERVALS BETWEEN MEETINGS OF THE BOARD. ADDITIONALLY, THE EXECUTIVE COMMITTEE ARRANGES FOR THE PERIODIC EVALUATION OF THE PERFORMANCE OF THE CEO, ADVISES THE CEO ON PERSONNEL MATTERS, AND DETERMINES ALL COMPENSATION PAID TO THE CEO. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS THREE CLASSES OF MEMBERS: GENERAL CONTRACTOR MEMBERS, SPECIALTY CONTRACTOR MEMBERS, AND AFFILIATE MEMBERS. MEMBERS MAY BE INDIVIDUALS, PARTNERSHIP, CORPORATIONS, LIMITED LIABILITY COMPANIES, OR OTHER ENTITIES AS APPROVED BY THE BOARD OF DIRECTORS. PUBLIC BODIES, INCLUDING ANY FEDERAL, STATE OR LOCAL GOVERNMENT OR ANY AGENCY OR INSTRUMENTALITY THEREOF, ARE NOT ELIGIBLE FOR MEMBERSHIP. AFFILIATE MEMBERS MAY SERVE AS DIRECTORS OF THE ORGANIZATION, BUT MAY NOT SERVE AS OFFICERS AND MAY NOT VOTE IN MATTERS BROUGHT BEFORE THE MEMBERSHIP. FORM 990, PART VI, SECTION A, LINE 7A THE VOTING MEMBERS OF THE ASSOCIATION ELECT THE DIRECTORS, BY MAJORITY VOTE, FROM AMONG CANDIDATES RECOMMENDED BY TWO DIVISIONAL NOMINATING COMMITTEES. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 WAS REVIEWED BY THE EXECUTIVE COMMITTEE PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ASSOCIATION'S CONFLICT OF INTEREST POLICY APPLIES TO ALL DIRECTORS, OFFICERS AND EMPLOYEES. ALL INDIVIDUALS ARE REQUIRED TO ANNUALLY COMPLETE A DISCLOSURE FORM IDENTIFYING ANY EXISTING OR POTENTIAL CONFLCITS OF INTEREST. PRIOR TO ANY BOARD OR COMMITTEE ACTION ON A CONTRACT OR TRANSACTION, ANY PERSON HAVING A CONFLICT OF INTEREST MUST DISCLOSE ALL RELEVANT FACTS AT THE MEETING; SUCH DISCLOSURE IS REFLECTED IN THE MINUTES OF THE MEETING. A PERSON WITH A CONFLICT MAY NOT PARTICIPATE IN OR BE PRESENT DURING THE BOARD OR COMMITTEE'S DISCUSSION OF THE MATTER EXCEPT TO DISCLOSE MATERIAL FACTS AND RESPOND TO QUESTIONS. A PERSON WITH A CONFLICT MAY NOT VOTE ON THE CONTRACT OR TRANSACTION OR BE PRESENT WHEN THE VOTE IS TAKEN. FORM 990, PART VI, SECTION B, LINE 15A THE CEO'S COMPENSATION IS DETERMINED BY THE EXECUTIVE COMMITTEE, COMPRISED ENTIRELY OF INDEPENDENT PERSONS. THE COMMITTEE USES SURVEY DATA AS PART OF THE PROCESS. THE PROCESS LAST INCLUDED REVIEW AND APPROVAL BY INDEPENDENT PERSONS, COMPARABILITY DATA AND CONTEMPORANEOUS SUBSTANTIATION IN 2010 FOR D. SEMERAD. THE ASSOCIATION HAS NO OTHER COMPENSATED OFFICERS OR KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE ASSOCIATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, OR FINANCIAL STATEMENTS OPEN TO THE PUBLIC. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 332. AGC OF MINNESOTA FOUNDATION 525 PARK STREET SUITE 110 ST PAUL MN 55103 411805671 SCHOLARSHIPS MN 501(C)(3) 9 ASSOCIATED GENERAL CONTRACTORS OF MINNNESOTA INC 1 ROAD POLITICAL ACTION COMMITTEE 6055 FALCON RIDGE TRAIL APPLE VALLEY MN 55124 410132580 POLITICAL ACTIVITY MN 527 N/A ASSOCIATED GENERAL CONTRACTORS OF MINNNESOTA INC 1 PEOPLE IN CONSTRUCTION POLITICAL ACTION COMMITTEE 6055 FALCON RIDGE TRAIL APPLE VALLEY MN 55124 410132580 POLITICAL ACTIVITY MN 527 N/A ASSOCIATED GENERAL CONTRACTORS OF MINNNESOTA INC 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0