Northern Minnesota Builders Association
- Assets
- $58.0k
- Revenue
- $218.2k
- Investments
- $0.0
- Employees
- 1
- Location
- Grand Rapids, MN
- Founding
- 10/1996
- Data as of
- 12/2021
- EIN
- 41-1838381
Organization Overview
Northern Minnesota Builders Association is located in Grand Rapids, MN. The organization was established in 1996. 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. Northern Minnesota 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 12/2021, Northern Minnesota Builders Association generated $218.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $195.2k during the year ending 12/2021. While expenses have increased by 0.6% 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
THE MAIN FOCUSES OF THE NORTHERN MINNESOTA BUILDERS ASSOCIATION ARE: ADVOCACY, EDUCATION, GOVERNANCE AFFAIRS, AND LEGISLATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION SPONSORS "BUILDER HOME SHOWS" WHICH PROVIDES TRADE BOOTHS AND DISPLAYS FOR BUILDING INDUSTRY VENDORS TO SHOWCASE PRODUCTS, SERVICES AND INFORMATION TO THE GENERAL PUBLIC RELATING TO THE CONSTRUCTION INDUSTRY. THESE EVENTS ARE ATTENDED BY OVER 2000 PEOPLE. THE ORGANIZATION SPONSORS A "SHOWCASE OF HOMES" WHICH IS A TOUR OF AREA HOMES AND IS AVAILABLE TO THE GENERAL PUBLIC. THE TOUR PROVIDES INFORMATION AND ENABLES ATTENDEES TO OBSERVE VARIOUS FINISHED PRODUCTS RELATING TO THE CONSTRUCTION INDUSTRY.
THE ORGANIZATION SPONSERS VARIOUS EXPOS THAT RELATE TO SPECIFIC CONSTRUCTION TRADES. THESE EXPOS PROVIDE INFORMATION AND DISPLAYS RELATING TO SPECIFIC CONSTRUCTION TRADES; CONTRACTORS, ELECTRICAL, PLUMBING, ECT. THE ORGANIZATION SPONSORS VARIOUS SEMINARS AND MEETINGS THAT RELATE TO SPECIFIC CONSTRUCTION ISSUES. THESE SEMINARS AND MEETINGS PROVIDE TO MEMBERS INFORMATION RELATING SPECIFIC CONSTRUCTION ISSUES.
THE ORGANIZATION COLLECTS DUES FROM MEMBERS AND PAYS DUES TO A NATIONAL AND MINNESOTA BUILDERS ASSOCIATION, EACH OF WHICH HAVE SIMILAR MISSIONS.
DONATIONS ARE MADE TO THE LOCAL COMMUNITY FOUNDATION OF GRAND RAPIDS. THE FUNDS ARE USE FOR SCHOLARSHIPS AND EDUCATION GRANTS FOR STUDENTS GOING INTO THE CONSTRUCTION TRADES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carie Olds Executive Di | Trustee | 40 | $58,500 |
Tyler Kane President | OfficerTrustee | $0 | |
Jeff Wunderlich Vice Preside | OfficerTrustee | $0 | |
Tom Breg Secretary | OfficerTrustee | $0 | |
Eric Crego Treasurer | Trustee | $0 | |
Eric Strommer Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $78,033 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $57,822 |
| 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 | $135,855 |
| Total Program Service Revenue | $62,969 |
| Investment income | $37 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $14,522 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $218,213 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $16,500 |
| 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 | $58,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,330 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,175 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $10,119 |
| Office expenses | $7,348 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $10,367 |
| Travel | $1,186 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,131 |
| Interest | $0 |
| Payments to affiliates | $52,893 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,802 |
| All other expenses | $2,481 |
| Total functional expenses | $195,154 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $45,574 |
| Pledges and grants receivable | $12,411 |
| 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 | $57,985 |
| Accounts payable and accrued expenses | $40 |
| 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 | $40 |
| 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 | $57,945 |
| Total liabilities and net assets/fund balances | $57,985 |