Minnesota River Builders Association
- Assets
- $74.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Mankato, MN
- Founding
- 01/1995
- Data as of
- 12/2021
- EIN
- 41-1787095
Organization Overview
Minnesota River Builders Association is located in Mankato, MN. 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. Minnesota River 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, Minnesota River Builders Association generated $76.1k 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 (4.9%) each year. All expenses for the organization totaled $52.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (9.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
ASSOCIATING THE BUILDERS OF NINE COUNTIES FOR MUTUAL COOPERATION AND SHARING OF INFORMATION AND KNOWLEDGE. IMPROVEMENT OF BUILDING TECHNIQUES AND PRACTICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matt Holmgren Director | 0.5 | $0 | |
Tom Paradis Director | 0.5 | $0 | |
Jonathan Soine Director | 0.5 | $0 | |
Brook Devenport Director | 0.5 | $0 | |
Jason Phillips Director | 0.5 | $0 | |
Troy Ploog Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,707 |
| Total Program Service Revenue | $5,603 |
| Membership dues | $13,256 |
| Investment income | $264 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $45,135 |
| Other Revenue | $1,159 |
| Total Revenue | $76,124 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $1,863 |
| Salaries, other compensation, and employee benefits | $27,652 |
| Professional fees and other payments to independent contractors | $1,077 |
| Occupancy, rent, utilities, and maintenance | $3,162 |
| Printing, publications, postage, and shipping | $304 |
| Other expenses | $18,342 |
| Total expenses | $52,400 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $64,600 |
| Other assets | $0 |
| Total assets | $73,950 |
| Total liabilities | $2,549 |
| Net assets or fund balances | $71,401 |