Minneapolis Builders Exchange
- Assets
- $3.7m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 16
- Location
- Minneapolis, MN
- Founding
- 12/1945
- Data as of
- 12/2021
- EIN
- 41-0414430
Organization Overview
Minneapolis Builders Exchange is located in Minneapolis, MN. The organization was established in 1945. 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 12/2021, Minneapolis Builders Exchange employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Minneapolis 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 12/2021, Minneapolis Builders Exchange generated $1.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $1.5m during the year ending 12/2021. While expenses have increased by 1.6% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE PROJECT INFORMATION AND NETWORKING OPPORTUNITIES TO FIRMS CONNECTED TO THE BUILDING CONSTRUCTION INDUSTRY
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE PROJECT INFORMATION VIA PHYSICAL AND VIRTUAL PLAN ROOMS AND OTHER INFORMATION DISSEMINATION
NEWS OF MEMBERS AND THE BUILDING INDUSTRY: QUARTERLY NEWSLETTER, WEEKLY BULLETIN AND ANNUAL DIRECTORY
NETWORKING OPPORTUNITIES INCLUDE PARKING LOT BARBECUE, GOLF TOURNAMENT, SPORTING CLAYS AND DINNER CRUISE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Getzke Executive Director/secreta | OfficerTrustee | 40 | $141,500 |
Donald O'connor Director | 2 | $102,308 | |
Danielle Dziedzic Past President | OfficerTrustee | 2 | $0 |
Erik Molin President | OfficerTrustee | 2 | $0 |
Andrew Ristrom Director | Trustee | 2 | $0 |
Ben Newlin Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $245,698 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,185 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $249,883 |
| Total Program Service Revenue | $1,364,337 |
| Investment income | $29,787 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $1,644,007 |
| 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. | $141,500 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $666,505 |
| Pension plan accruals and contributions | $41,902 |
| Other employee benefits | $169,217 |
| Payroll taxes | $64,088 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| 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 | $25,667 |
| Information technology | $121,612 |
| Royalties | $0 |
| Occupancy | $65,473 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $50,136 |
| Interest | $1,191 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $34,091 |
| Insurance | $0 |
| All other expenses | $6,130 |
| Total functional expenses | $1,477,897 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,422,849 |
| Savings and temporary cash investments | $1,762,098 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $245,698 |
| 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 | $1,183 |
| Net Land, buildings, and equipment | $297,580 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,729,408 |
| Accounts payable and accrued expenses | $121,493 |
| Grants payable | $0 |
| Deferred revenue | $996,155 |
| 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 | $1,117,648 |
| Net assets without donor restrictions | $2,611,760 |
| 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 | $3,729,408 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Minneapolis Builders Exchange has recieved totaling $5,030.
| Awarding Organization | Amount |
|---|---|
Duluth Builders Exchange Duluth, MN PURPOSE: CONTRIBUTION | $5,030 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dane Buy Local Foundation Inc Madison, WI | $199,958 | $19,130,759 |
Society Of Corporate Compliance And Ethics & Health Care Compliance Eden Prairie, MN | $30,768,192 | $19,415,043 |
Asqexcellence Inc Milwaukee, WI | $6,648,120 | $11,915,494 |
Saint Paul Rivercentre Convention And Visitors Authority St Paul, MN | $10,775,339 | $12,198,491 |
National Association Of Tax Professionals Inc Appleton, WI | $15,322,195 | $11,606,289 |
Minnesota Hospital Association St Paul, MN | $27,636,744 | $11,552,322 |
International Dairy-Deli-Bakery Association Madison, WI | $22,953,024 | $8,197,084 |
National Funeral Directors Association Of The United States I Brookfield, WI | $21,618,319 | $10,407,549 |
Aca International Eagan, MN | $12,262,505 | $9,311,579 |
Minneapolis Downtown Improvement District Minneapolis, MN | $3,331,993 | $8,257,561 |
Greater Des Moines Partnership Des Moines, IA | $8,726,466 | $7,643,877 |
Greater Sioux Falls Chamber Of Commerce Sioux Falls, SD | $10,050,793 | $7,933,347 |