West Central Builders Association
- Assets
- $4.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- New London, MN
- Founding
- 06/1994
- Data as of
- 12/2019
- EIN
- 41-1754053
Organization Overview
West Central Builders Association is located in New London, MN. The organization was established in 1994. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. West Central Builders Association 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 12/2019, West Central Builders Association generated $22.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (16.6%) each year. All expenses for the organization totaled $35.2k during the year ending 12/2019. As we would expect to see with falling revenues, expenses have declined by (12.0%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy Lohn Executive Of | 10 | $10,800 | |
David Monson President | 1 | $360 | |
Paul Krueger Treasurer | 1 | $300 | |
Ryan Erickson Director | 1 | $300 | |
Steve Walz Vice Preside | 1 | $270 | |
Josh Fladeboe Director | 1 | $270 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,215 |
| Membership dues | $19,112 |
| Investment income | $90 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $2,300 |
| Total Revenue | $22,717 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $12,510 |
| Professional fees and other payments to independent contractors | $520 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $22,150 |
| Total expenses | $35,180 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $4,300 |
| Other assets | $0 |
| Total assets | $4,411 |
| Total liabilities | $1,169 |
| Net assets or fund balances | $3,242 |