Builders Exchange Inc
- Assets
- $13.2m
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 40
- Location
- Valley View, OH
- Founding
- 09/1950
- Data as of
- 06/2023
- EIN
- 34-0121870
Organization Overview
Builders Exchange Inc is located in Valley View, OH. The organization was established in 1950. 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 06/2023, Builders Exchange Inc employed 40 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Builders Exchange Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 06/2023, Builders Exchange Inc generated $3.9m in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $3.6m during the year ending 06/2023. 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
BUSINESS TRADE ORGANIZATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION SPONSORS & CONDUCTS VARIOUS EDUCATIONAL PROGRAMS TO DISSEMINATE NEW IDEAS AND ADVANCEMENTS AMONG THE VARIOUS CONSTRUCTION TRADES.
N/A
THE ORGANIZATION PROVIDES A CONSTRUCTION REPORTING SERVICE THAT ASSISTS MEMBERS. THE ORGANIZATION'S PLAN ROOM ALLOWS ALL CONTRACTORS ACCESS TO THE BLUEPRINTS FOR VARIOUS CONSTRUCTION PROJECTS. IN CONJUNCTION WITH THIS, THE ORGANIZATION MAINTAINS A CONSTRUCTION INDUSTRY WEB SITE THAT PROVIDES THE ABOVE INFORMATION TO ALL CONTRACTORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ashley Grandetti Executive Di | OfficerTrustee | 40 | $142,750 |
Lou Colagrossi Board - Pres | OfficerTrustee | 0.5 | $0 |
Tom Dake II Board - Vice | OfficerTrustee | 0.5 | $0 |
Julie Brandle Board - Trea | OfficerTrustee | 0.5 | $0 |
Ken Beck Board Member | Trustee | 0.5 | $0 |
Gianni Deangelis Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $3,423,639 |
| Investment income | $218,952 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $24,480 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,862,650 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $221,696 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,794,915 |
| Pension plan accruals and contributions | $132,673 |
| Other employee benefits | $355,906 |
| Payroll taxes | $131,192 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,865 |
| Fees for services: Accounting | $70,795 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $147,967 |
| Information technology | $53,365 |
| Royalties | $0 |
| Occupancy | $261,147 |
| Travel | $5,000 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,995 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $52,974 |
| Insurance | $43,405 |
| All other expenses | $21,372 |
| Total functional expenses | $3,577,944 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100 |
| Savings and temporary cash investments | $5,678,053 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $29,596 |
| 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 | $96,459 |
| Net Land, buildings, and equipment | $156,527 |
| Investments—publicly traded securities | $6,019,431 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,193,548 |
| Total assets | $13,173,714 |
| Accounts payable and accrued expenses | $39,913 |
| Grants payable | $0 |
| Deferred revenue | $2,157,832 |
| 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 | $1,203,046 |
| Total liabilities | $3,400,791 |
| Net assets without donor restrictions | $9,772,923 |
| Net assets with donor restrictions | $0 |
| 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 | $13,173,714 |