Forx Builders Association
- Assets
- $354.6k
- Revenue
- $164.1k
- Investments
- $0.0
- Employees
- 1
- Location
- Grand Forks, ND
- Founding
- 10/1995
- Data as of
- 12/2022
- 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 12/2022, Forx Builders Association generated $164.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.2%) each year. All expenses for the organization totaled $204.0k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.9%) per year over the past 8 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
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
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Vonasek Past President | OfficerTrustee | 0 | $0 |
Stacey Kemp Director | Trustee | 0 | $0 |
Jim Sandbeck President | OfficerTrustee | 0 | $0 |
Nick Corbett Director | Trustee | 0 | $0 |
Mike Salwey Vice President | OfficerTrustee | 0 | $0 |
Melissa Link Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $74,025 |
| Fundraising events | $0 |
| 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 | $74,025 |
| Total Program Service Revenue | $59,272 |
| Investment income | $183 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $538 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $14,164 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $11,341 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $164,065 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $200 |
| 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. | $60,850 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,218 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,341 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,055 |
| 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 | $13,980 |
| Office expenses | $3,180 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,848 |
| Travel | $6,816 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,665 |
| Interest | $4,804 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,399 |
| Insurance | $879 |
| All other expenses | $1,294 |
| Total functional expenses | $203,950 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,417 |
| Savings and temporary cash investments | $64,325 |
| 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 | $111,343 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $171,510 |
| Total assets | $354,595 |
| 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 | $201,590 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $201,590 |
| Net assets without donor restrictions | $153,005 |
| 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 | $354,595 |