Forx Builders Association
- Assets
- $426.8k
- Revenue
- $195.7k
- Investments
- $0.0
- Employees
- 1
- Location
- Grand Forks, ND
- Founding
- 10/1995
- Data as of
- 12/2021
- EIN
- 45-0355339
Organization Overview
Forx Builders Association is located in Grand Forks, ND. The organization was established in 1995. 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. Forx 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, Forx Builders Association generated $195.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.5%) each year. All expenses for the organization totaled $153.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.9%) 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ADDRESS THE BUILDING REQUIREMENTS, INTERESTS AND EDUCATION OF OUR MEMBERSHIP IN ORDER TO PROVIDE QUALITY CONSTRUCTION TO CONSUMERS IN NORTHEAST NORTH DAKOTA AND NORTHWEST MINNESOTA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IMPROVING CONDITIONS IN THE BUILDING INDUSTRY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stacy Hanson Executive Officer | Officer | 40 | $52,340 |
Aaron Rosten Former President | OfficerTrustee | 0 | $0 |
Jim Sandbeck Vice President | OfficerTrustee | 0 | $0 |
Jeff Vonasek President | OfficerTrustee | 0 | $0 |
Mike Salwey Secretary/treasurer | Trustee | 0 | $0 |
Chad Roberton Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $72,750 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $25,812 |
| 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 | $98,562 |
| Total Program Service Revenue | $0 |
| Investment income | $156 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $8,234 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $84,954 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $195,729 |
| 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. | $58,004 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,963 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,290 |
| 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 | $2,954 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,276 |
| Travel | $1,296 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,478 |
| Interest | $3,928 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,457 |
| Insurance | $0 |
| All other expenses | $990 |
| Total functional expenses | $153,260 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,594 |
| Savings and temporary cash investments | $125,408 |
| 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 | $107,324 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $174,486 |
| Total assets | $426,812 |
| 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 | $233,922 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $233,922 |
| Net assets without donor restrictions | $192,890 |
| 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 | $426,812 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
North Dakota Association Of Counties Inc Bismarck, ND | $14,394,467 | $6,624,601 |
Association Of Minnesota Counties St Paul, MN | $5,262,848 | $4,043,556 |
United Association Of Journeymen & Apprentices Of The Plumbing & Pipe Rochester, MN | $1,391,901 | $1,471,224 |
United Association Of Journeymen & Apprentices Of The Plumbing & Pipe Duluth, MN | $3,286,819 | $2,111,983 |
United Association Of Journeymen & Apprentices Of The Plumbing & Pipe Billings, MT | $1,900,672 | $815,533 |
St Paul Chamber Of Commerce Foundation Inc St Paul, MN | $674,268 | $845,015 |
North Dakota Grain Dealers Assn Fargo, ND | $1,605,543 | $860,573 |
North Central Minority Supplier Dev Minneapolis, MN | $671,160 | $853,566 |
Associated General Contractors Of S D Inc Building Chapter Sioux Falls, SD | $1,071,406 | $875,528 |
Montana Society Of Certified Public Accountants Helena, MT | $584,672 | $767,843 |
Concrete Paving Association Of Minnesota White Bear Lake, MN | $1,112,566 | $533,154 |
United Association Of Journeymen & Apprentices Of The Plumbing & Pipe Butte, MT | $708,556 | $554,240 |