Duluth Builders Exchange
- Assets
- $0.0
- Revenue
- $691.0k
- Investments
- $0.0
- Employees
- 6
- Location
- Duluth, MN
- Founding
- 02/1992
- Data as of
- 11/2019
- EIN
- 41-0225840
Organization Overview
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
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dave Franzen Director (thru October) | Trustee | 2 | $0 |
Pat Gallagher Director (thru October) | Trustee | 2 | $0 |
Judy Konkler Director (thru October) | Trustee | 2 | $0 |
Lance Lindahl Director (thru October) | Trustee | 2 | $0 |
Nate Sapik Director (thru October) | Trustee | 2 | $0 |
Chad Scott Director (thru October) | Trustee | 2 | $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 | $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 |
Grants Awarded
Over the last fiscal year, Duluth Builders Exchange has awarded $530,030 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MINNESOTA BUILDERS EXCHANGE PURPOSE: CONTRIBUTION | $5,030 |
DULUTH-SUPERIOR AREA COMMUNITY FOUNDATION PURPOSE: ESTABLISHMENT OF THE DULUTH BUILDERS EXCHANGE LEGACY SCHOLARSHIP FUND | $525,000 |