Lumber And Building Material Dealers Foundation

Organization Overview

Lumber And Building Material Dealers Foundation is located in Rensselaer, NY. The organization was established in 1968. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 09/2021, Lumber And Building Material Dealers Foundation employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lumber And Building Material Dealers Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 09/2021, Lumber And Building Material Dealers Foundation generated $603.7k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $438.6k during the year ending 09/2021. While expenses have increased by 3.3% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROMOTE AND SUPPORT INVESTMENT, EDUCATION, AND RESEARCH RELATED TO, AND FOR THE BENEFIT OF, THE LUMBER AND BUILDING MATERIAL DEALERS, THEIR EMPLOYEES, CUSTOMERS, AND THE GENERAL PUBLIC.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE FOUNDATION SPONSORED OR CO-SPONSORED CONFERENCES AND EDUCATIONAL PROGRAMS TO DISCUSS ISSUES AND AS WELL INCREASE THE KNOWLEDGE OF DEALERS IN THE BUILDING MATERIALS INDUSTRY.


THE FOUNDATION HAS ESTABLISHED A FUND TO ASSIST FAMILIES WHO HAVE LOST THEIR HOUSE DUE TO A NATURAL DISASTER (FIRE, FLOOD, HIGH WINDS, ETC.). THE EXPENSES INCLUDE A $1,845 MANAGEMENT FEE AND $6,000 OF GRANTS.


ADDITIONAL FUNDS HAVE BEEN DESIGNATED TO EDUCATE MEMBERS IN THE STATES OF DELAWARE, MARYLAND, PENNSYLVANIA, AND WASHINGTON D.C.


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Board, Officers & Key Employees

Name (title)Compensation
Rita C Ferris Cae
Secretary
$44,205
Marthanne G Gershman
Director Of Finance
$22,969
Charles Handley
President
$0
Genn Howley
Vice President
$0
Ed J Godek III
Treasurer
$0
Gilles Lauzon
Director Of Finance
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$60,756
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$49,207
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$109,963
Total Program Service Revenue$287,760
Investment income $8,338
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $105,420
Net Gain/Loss on Asset Sales $91,631
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $604
Miscellaneous Revenue$0
Total Revenue $603,716

Endowment Analysis

Beg. Balance$370,154
Earnings$76,842
Admin Expense$2,929
Ending Balance$444,067

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