Builders Exchange Foundation
- Assets
- $6.1m
- Revenue
- $490.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Columbus, OH
- Founding
- 11/1999
- Data as of
- 12/2023
- EIN
- 31-1662183
Organization Overview
Builders Exchange Foundation is located in Columbus, OH. The organization was established in 1999. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Builders Exchange 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 12/2023, Builders Exchange Foundation generated $490.3k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.2% each year . All expenses for the organization totaled $386.9k during the year ending 12/2023. While expenses have increased by 12.5% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE BUILDERS EXCHANGE FOUNDATION WAS ESTABLISHED IN 1999 AS A PHILANTHROPIC ARM OF THE BUILDERS EXCHANGE OF CENTRAL OHIO. THE MISSION OF THE FOUNDATION IS TO ADVANCE AND SUPPORT THE COMMERCIAL CONSTRUCTION INDUSTRY'S EDUCATION AND RESEARCH ACTIVITIES FOR THE BENEFIT OF EMPLOYERS, EMPLOYEES, CONSUMERS, AND THE COMMUNITY IMPACTED BY THE COMMERCIAL CONSTRUCTION INDUSTRY IN CENTRAL OHIO. THE FOUNDATION IS PRIMARILY DEPENDENT ON THE SUPPORT OF THOSE CLOSELY AFFILIATED WITH THE LOCAL COMMERCIAL CONSTRUCTION INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION SUPPORTS STUDENT OUTREACH AND AWARDS SCHOLARSHIPS TO WORTHY COLLEGE STUDENTS AND UNIVERSITIES. IN ADDITION, THE FOUNDATION SUPPORTED THE BUILDERS EXCHANGE OF CENTRAL OHIO BY PROVIDING GRANTS FOR PROFESSIONAL DEVELOPMENT AND MEMBERSHIP MATERIALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Smith Board Member | Trustee | 1 | $0 |
Josh Corna President | OfficerTrustee | 1 | $0 |
Jerome Buckner Board Member | Trustee | 1 | $0 |
Brian Dew Board Member | Trustee | 1 | $0 |
Dan Geers Board Member | Trustee | 1 | $0 |
Charles Loeb Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $53,323 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $96,105 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $149,428 |
| Total Program Service Revenue | $0 |
| Investment income | $115,246 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $225,586 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $490,260 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $30,000 |
| Grants and other assistance to domestic individuals. | $152,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $50,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $54,384 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $386,927 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $6,105,025 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,105,025 |
| Accounts payable and accrued expenses | $523 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $523 |
| Net assets without donor restrictions | $3,465,320 |
| Net assets with donor restrictions | $2,639,182 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $6,105,025 |
Grants Awarded
Over the last fiscal year, Builders Exchange Foundation has awarded $87,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
COLUMBUS 2020 PURPOSE: BUILDING COLUMBUS/CENTRAL OHIO | $5,000 |
FRANKLINTON RISING PURPOSE: PROVIDE TRAINING IN THE CONSTRUCTION TRADES TO UNDERPRIVLEDGED YOUTH IN ORDER TO GAIN JOB SKILLS. | $82,500 |