Builders Institute Of Westchester & Putnam Counties Inc
- Assets
- $5.8m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 7
- Location
- Armonk, NY
- Founding
- 04/1947
- Data as of
- 12/2023
- EIN
- 13-1767327
Organization Overview
Builders Institute Of Westchester & Putnam Counties Inc is located in Armonk, NY. The organization was established in 1947. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 12/2023, Builders Institute Of Westchester & Putnam Counties Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Builders Institute Of Westchester & Putnam Counties Inc 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 12/2023, Builders Institute Of Westchester & Putnam Counties Inc generated $1.4m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $1.4m during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE ORGANIZATION IS TO PROMOTE PLANNED AND ORDERLY COMMERCIAL AND RESIDENTIAL DEVELOPMENT AND TO PROVIDE SERVICES TO MEMBER FIRMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE THE BENEFITS OF PLANNED AND ORDERLY COMMERICAL AND RESIDENTIAL DEVELOPMENT AND TO PROVIDE SERVICES TO MEMBER FIRMS.
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 |
|---|---|---|---|
Timothy Foley CEO | Officer | 40 | $196,266 |
Jeffrey Hanley Vice President | Officer | 40 | $129,355 |
Vincent Mutarelli Chairman | Trustee | 1 | $0 |
Lisa Derosa President | Trustee | 1 | $0 |
Christine Mccabe Treasurer | Trustee | 1 | $0 |
Brett Laroque Secretary | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $335,946 |
| Fundraising events | $0 |
| Related organizations | $83,000 |
| 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 | $418,946 |
| Total Program Service Revenue | $691,764 |
| Investment income | $229,791 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $76,640 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,417,441 |
| 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. | $325,622 |
| Compensation of current officers, directors, key employees. | $44,898 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $202,087 |
| Pension plan accruals and contributions | $17,938 |
| Other employee benefits | $64,947 |
| Payroll taxes | $39,559 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $196,605 |
| Fees for services: Accounting | $33,000 |
| Fees for services: Lobbying | $55,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $33,537 |
| Fees for services: Other | $33,184 |
| Advertising and promotion | $27,061 |
| Office expenses | $65,100 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $62,633 |
| Travel | $10,653 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $174,053 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,106 |
| Insurance | $22,642 |
| All other expenses | $0 |
| Total functional expenses | $1,438,215 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,192 |
| Savings and temporary cash investments | $1,614 |
| 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 | $24,044 |
| Investments—publicly traded securities | $5,743,976 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,779,826 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $147 |
| Total liabilities | $147 |
| Net assets without donor restrictions | $5,779,679 |
| 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 | $5,779,826 |