Eastern Building Material Dealers Education Foundation
- Assets
- $209.9k
- Revenue
- $15.2k
- Investments
- $173.4k
- Employees
- 0
- Location
- Rensselaer, NY
- Founding
- 10/1988
- Data as of
- 09/2023
- EIN
- 23-2439593
Organization Overview
Eastern Building Material Dealers Education Foundation is located in Rensselaer, NY. The organization was established in 1988. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Eastern Building Material Dealers Education 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 09/2023, Eastern Building Material Dealers Education Foundation generated $15.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.0%) each year. All expenses for the organization totaled $14.9k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Keller Chair | 1 | $0 | |
Angelo Quattrocchi Vice Chair | 1 | $0 | |
Eric Tucker Treasurer | 1 | $0 | |
Adam Dawes Secretary | 1 | $0 | |
Brent Hankins Past Chair | 1 | $0 | |
Kevin Fruman Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $10,800 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,418 |
| Capital Gain Net Income | $4,418 |
| Net ST Capital Gain | $0 |
| Income Modifications | $7,500 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $15,218 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $524 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,451 |
| Total operating and administrative expenses | $4,097 |
| Contributions, gifts, grants paid | $10,835 |
| Total expenses and disbursements | $14,932 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $29,445 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $6,990 |
| Total assets | $209,882 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $49,951 |
| Total liabilities | $49,951 |
Grants Awarded
Over the last fiscal year, Eastern Building Material Dealers Education Foundation has awarded $45,795 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
LILY TUCKER PURPOSE: SCHOLARSHIP | $3,000 |
LUMBER AND MATERIAL BUILDING MATERIAL DEALERS FOUNDATION PURPOSE: PROGRAM EXPENSE | $12,795 |
BAILEY SCHELLHORN PURPOSE: SCHOLARSHIP | $1,500 |
ZANE CAPARRA PURPOSE: SCHOLARSHIP | $1,500 |
EMMA HUTCHISON PURPOSE: SCHOLARSHIP | $1,500 |
KATELYN DONOHUE PURPOSE: SCHOLARSHIP | $3,000 |