Wichita Area Builders Association
- Assets
- $1.8m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 6
- Location
- Wichita, KS
- Founding
- 01/1954
- Data as of
- 06/2022
- EIN
- 48-0560075
Organization Overview
Wichita Area Builders Association is located in Wichita, KS. The organization was established in 1954. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Wichita Area Builders Association employed 6 individuals. This organization is the central organization for a national or regional group of organizations. Wichita Area 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 06/2022, Wichita Area Builders Association generated $1.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $925.1k during the year ending 06/2022. While expenses have increased by 2.3% per year over the past 6 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE INFORMATION REGARDING BUILDING TRADE AND PROMOTE AFFORDABLE HOUSING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRADE ASSOCIATION SERVICES TO MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wesley Galyon President/ceo | OfficerTrustee | 40 | $128,260 |
Tom Baalmann Chairman Of The Board | OfficerTrustee | 1 | $0 |
Tanner Cole Secretary/treasurer | OfficerTrustee | 1 | $0 |
Miles Millspaugh 1st Vice Chairman | OfficerTrustee | 1 | $0 |
Eric Purkey 2nd Vice Chairman | OfficerTrustee | 1 | $0 |
Kathy Baker 3rd Vice Chairman | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $436,111 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $248,100 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $684,211 |
| Total Program Service Revenue | $42,832 |
| Investment income | $10,823 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $22,907 |
| Net Income from Fundraising Events | $265,975 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,026,748 |
| 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. | $176,100 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $131,247 |
| Pension plan accruals and contributions | $21,297 |
| Other employee benefits | $38,765 |
| Payroll taxes | $22,158 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,784 |
| Fees for services: Accounting | $16,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $9,730 |
| Office expenses | $16,068 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $115,331 |
| Travel | $26,241 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,657 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $39,594 |
| Insurance | $10,734 |
| All other expenses | $58,319 |
| Total functional expenses | $925,141 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $57,311 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $40,282 |
| Accounts receivable, net | $119,862 |
| 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 | $22,937 |
| Net Land, buildings, and equipment | $1,030,926 |
| Investments—publicly traded securities | $493,831 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,765,149 |
| Accounts payable and accrued expenses | $78,899 |
| Grants payable | $0 |
| Deferred revenue | $431,302 |
| 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 | $129,731 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $639,932 |
| Net assets without donor restrictions | $1,101,015 |
| Net assets with donor restrictions | $24,202 |
| 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 | $1,765,149 |