Duluth Builders Exchange is located in Duluth, MN. The organization was established in 1992. According to its NTEE Classification (S02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 10/2019, Duluth Builders Exchange employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Duluth Builders Exchange 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 11/2019, Duluth Builders Exchange generated $691.0k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 23.9% each year . All expenses for the organization totaled $911.3k during the year ending 11/2019. While expenses have increased by 28.2% per year over the past 5 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE LEGITIMATE INTERESTS OF CONSTRUCTION INDUSTRY
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE LEGITIMATE INTERESTS OF THE CONSTRUCTION INDUSTRY, INCLUDING PROCUREMENT OF INFORMATION REGARDING PLANNED PROJECTS, PROMOTION OF MEMBER SERVICES
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Don O'connor Executive Director (thru October) | Officer | 50 | $86,791 |
Steve Johnson President (thru October) | OfficerTrustee | 2 | $0 |
Michael Carlson Vice President (thru October) | OfficerTrustee | 2 | $0 |
Kirk Ilenda Treasurer (thru October) | OfficerTrustee | 2 | $0 |
Dave Franzen Director (thru October) | Trustee | 2 | $0 |
Pat Gallagher Director (thru October) | Trustee | 2 | $0 |
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 | $174,651 |
Investment income | $3,191 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | -$33,682 |
Net Gain/Loss on Asset Sales | $527,772 |
Net Income from Fundraising Events | $16,070 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $690,985 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $530,030 |
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. | $95,241 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $75,552 |
Pension plan accruals and contributions | $70,051 |
Other employee benefits | $3,479 |
Payroll taxes | $17,746 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $170 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $10,200 |
Advertising and promotion | $6,880 |
Office expenses | $7,339 |
Information technology | $13,520 |
Royalties | $0 |
Occupancy | $13,545 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $26,849 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $2,253 |
Insurance | $3,210 |
All other expenses | $5,201 |
Total functional expenses | $911,292 |
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 | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $0 |
Accounts payable and accrued expenses | $0 |
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 | $0 |
Net assets without donor restrictions | $0 |
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 | $0 |
Over the last fiscal year, Duluth Builders Exchange has awarded $530,030 in support to 2 organizations.
Grant Recipient | Amount |
---|---|
Duluth, MN PURPOSE: ESTABLISHMENT OF THE DULUTH BUILDERS EXCHANGE LEGACY SCHOLARSHIP FUND | $525,000 |
Minneapolis, MN PURPOSE: CONTRIBUTION | $5,030 |
Organization Name | Assets | Revenue |
---|---|---|
Ifbf Property Management Inc West Des Moines, IA | $66,458,037 | $20,324,859 |
Snow And Ice Management Association Inc Mequon, WI | $2,340,997 | $2,790,176 |
Middle Management Association St Paul, MN | $2,377,760 | $1,336,699 |
Unclaimed Property Professionals Organization Inc Golden Valley, MN | $919,733 | $1,026,456 |
Product Development & Management Association St Paul, MN | $747,589 | $1,073,754 |
Duluth Builders Exchange Duluth, MN | $0 | $690,985 |
Digital Bridge Inc Milwaukee, WI | $399,676 | $1,030,651 |
Society For Human Resource Mgt Cottage Grove, WI | $539,319 | $737,775 |
Twin Cities Society Of Human Resource Management Minneapolis, MN | $500,674 | $464,134 |
La Crosse Builders Exchange Inc La Crosse, WI | $170,152 | $182,703 |
Project Management Institute New Brighton, MN | $1,003,818 | $494,780 |
50th & France Business & Professional Assn Edina, MN | $89,710 | $219,587 |