St Paul Association Of Building Owners & Managers Inc
- Assets
- $434.2k
- Revenue
- $376.5k
- Investments
- $50.7k
- Employees
- 5
- Location
- St Paul, MN
- Founding
- 02/1972
- Data as of
- 12/2022
- EIN
- 41-0975475
Organization Overview
St Paul Association Of Building Owners & Managers Inc is located in St Paul, MN. The organization was established in 1972. According to its NTEE Classification (L50) the organization is classified as: Homeowners & Tenants Associations, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, St Paul Association Of Building Owners & Managers Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. St Paul Association Of Building Owners & Managers 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, St Paul Association Of Building Owners & Managers Inc generated $376.5k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $374.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.7%) per year over the past 7 years. 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
REPRESENTS THE ST. PAUL AREA BUILDING OWNER/MANAGEMENT INDUSTRY
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERSHIP - PROVIDES REPRESENTATION AND ACTIVITIES FOR BUILDING OWNERS AND MANAGERS IN THE ST. PAUL AREA, AND ASSOCIATED REVENUE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tina Gassman Executive Di | Officer | 40 | $52,500 |
Kori Dejong Secretary/tr | Trustee | $0 | |
Angie Helms Director | Trustee | $0 | |
Jerry Hersman Director | Trustee | $0 | |
Heide Kempf-Schwarze Chair | Trustee | $0 | |
Rob Loftus Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $27,496 |
| 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 | $27,496 |
| Total Program Service Revenue | $333,625 |
| Investment income | $1,325 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$4,734 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $376,455 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $209,506 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $25,749 |
| Payroll taxes | $15,639 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,646 |
| 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 | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $19,089 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,768 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $669 |
| Insurance | $2,233 |
| All other expenses | $23,116 |
| Total functional expenses | $374,074 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $328,358 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,455 |
| 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 | $2,427 |
| Net Land, buildings, and equipment | $1,356 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $50,744 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $49,868 |
| Total assets | $434,208 |
| Accounts payable and accrued expenses | $5,286 |
| Grants payable | $0 |
| Deferred revenue | $5,797 |
| 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 | $52,728 |
| Other liabilities | $0 |
| Total liabilities | $63,811 |
| Net assets without donor restrictions | $345,855 |
| Net assets with donor restrictions | $24,542 |
| 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 | $434,208 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lutheran Home Belle Plaine, MN | $28,969,103 | $28,215,877 |
Martin Luther Home Corporation Dubuque, IA | $34,357,421 | $17,283,638 |
North Oaks Home Owners Association Inc North Oaks, MN | $5,590,480 | $4,009,438 |
Minnesota Multi Housing Assn Bloomington, MN | $1,831,730 | $2,659,160 |
Platte Lake Property Owners Association Hillman, MN | $0 | $1,817,640 |
Eastern Iowa Regional Housing Corporation Dubuque, IA | $5,116,993 | $1,481,771 |
Home Builders Assn Of Des Moines Johnston, IA | $702,713 | $1,312,598 |
Panora Cooperative Cablevision Association Inc Panora, IA | $431,429 | $971,770 |
Greater Minneapolis Building Owners & Managers Association Minneapolis, MN | $1,087,906 | $899,811 |
South Dakota Telecommunications Association Pierre, SD | $191,089 | $797,905 |
Wisconsin Association Of Campground Owners Inc Ettrick, WI | $402,292 | $621,884 |
Broadband Association Of North Dakota Mandan, ND | $754,213 | $601,039 |