Indiana Builders Association Inc
- Assets
- $2.8m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 6
- Location
- Indianapolis, IN
- Founding
- 03/1955
- Data as of
- 12/2022
- EIN
- 35-0920058
Organization Overview
Indiana Builders Association Inc is located in Indianapolis, IN. The organization was established in 1955. According to its NTEE Classification (S03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Indiana Builders Association Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Indiana Builders Association 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 12/2022, Indiana Builders Association Inc generated $1.1m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $1.2m during the year ending 12/2022. While expenses have increased by 7.2% per year over the past 4 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO EDUCATE THE CONSTRUCTION AND HOME BUILDING INDUSTRY
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION'S PRIMARY ACTIVITY IS THE EDUCATION OF THE CONSTRUCTION AND HOME BUILDING INDUSTRY BY CONDUCTING CONVENTIONS SEMINARS USING RESOURCES CONTRIBUTED BY MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Schwinghammer President | OfficerTrustee | 1 | $6,327 |
Ric Zehr Vice President | OfficerTrustee | 1 | $0 |
Kenny Reinbrecht Treasurer | OfficerTrustee | 1 | $0 |
Ryan Baker Secretary | OfficerTrustee | 1 | $0 |
Frank Rhoades Parliamentarian | OfficerTrustee | 1 | $0 |
Greg Furnish Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $679,410 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $76,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $755,410 |
| Total Program Service Revenue | $143,719 |
| Investment income | $106,456 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $28,325 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,084,478 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $250,000 |
| 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. | $297,120 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $184,357 |
| Pension plan accruals and contributions | $29,892 |
| Other employee benefits | $48,332 |
| Payroll taxes | $30,571 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,222 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $13,950 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $12,851 |
| Information technology | $18,838 |
| Royalties | $0 |
| Occupancy | $37,003 |
| Travel | $39,549 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $197,972 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $680 |
| Insurance | $7,314 |
| All other expenses | $0 |
| Total functional expenses | $1,211,341 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $137,976 |
| Savings and temporary cash investments | $468 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $166,011 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,972 |
| Prepaid expenses and deferred charges | $2,485 |
| Net Land, buildings, and equipment | $850 |
| Investments—publicly traded securities | $2,460,992 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,917 |
| Total assets | $2,774,671 |
| Accounts payable and accrued expenses | $26,743 |
| 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 | $2,846 |
| Total liabilities | $29,589 |
| Net assets without donor restrictions | $2,745,082 |
| 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 | $2,774,671 |