Minot Association Of Builders Inc
- Assets
- $187.8k
- Revenue
- $178.9k
- Investments
- $0.0
- Employees
- 1
- Location
- Minot, ND
- Founding
- 09/1986
- Data as of
- 12/2021
- EIN
- 45-0394445
Organization Overview
Minot Association Of Builders Inc is located in Minot, ND. The organization was established in 1986. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, 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. Minot Association Of Builders 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 12/2021, Minot Association Of Builders Inc generated $178.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $137.3k during the year ending 12/2021. While expenses have increased by 1.0% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE PROFESSIONAL BUILDING INDUSTRY THROUGH LEGISLATION AND EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE THE PROFESSIONAL BUILDING INDUSTRY THROUGH LEGISLATION AND PROMOTION. WE ACCOMPLISH THIS THROUGH HOLDING A HOME AND GARDEN SHOW FOR MEMBERS AND THE COMMUNITY TO SEE THE LATEST CONSTRUCTION OFFERINGS OF MEMBER BUILDERS AND PROVIDING A MONTHLY NEWSLETTER TO OUR MEMBERS WITH RELEVANT INDUSTRY INFORMATION.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erika Kelly Executive Director | Officer | 40 | $50,000 |
Shane Lider President | OfficerTrustee | 0.5 | $0 |
Travis Mowbray Vice President | OfficerTrustee | 0.5 | $0 |
Lauri Hopwood Treasurer | OfficerTrustee | 0.5 | $0 |
Rob Orts Director | Trustee | 0.5 | $0 |
Christopher Dahl Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $70,465 |
| 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 | $70,465 |
| Total Program Service Revenue | $11,750 |
| Investment income | $723 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $92,290 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $178,922 |
| 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. | $50,000 |
| Compensation of current officers, directors, key employees. | $50,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $46 |
| Payroll taxes | $3,898 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,857 |
| 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 | $2,757 |
| Information technology | $1,520 |
| Royalties | $0 |
| Occupancy | $8,016 |
| Travel | $847 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,120 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $719 |
| Insurance | $1,366 |
| All other expenses | $1,050 |
| Total functional expenses | $137,253 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $57,766 |
| Savings and temporary cash investments | $125,125 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,639 |
| 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 | $2,247 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $187,777 |
| Accounts payable and accrued expenses | $2,206 |
| 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 | $0 |
| Total liabilities | $2,206 |
| Net assets without donor restrictions | $0 |
| 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 | $185,571 |
| Total liabilities and net assets/fund balances | $187,777 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
North Central States Regional Council Of Carpenters St Paul, MN | $80,577,529 | $40,138,567 |
Society Of Corporate Compliance And Ethics & Health Care Compliance Eden Prairie, MN | $30,768,192 | $19,415,043 |
Saint Paul Rivercentre Convention And Visitors Authority St Paul, MN | $10,775,339 | $12,198,491 |
Minnesota Hospital Association St Paul, MN | $27,636,744 | $11,552,322 |
Aca International Eagan, MN | $12,262,505 | $9,311,579 |
Minneapolis Downtown Improvement District Minneapolis, MN | $3,331,993 | $8,257,561 |
Greater Sioux Falls Chamber Of Commerce Sioux Falls, SD | $10,050,793 | $7,933,347 |
American Simmental Association Bozeman, MT | $18,730,338 | $6,575,498 |
Minnesota Association Of Professional Employees Mape Shoreview, MN | $22,099,313 | $6,757,766 |
Minnesota Chamber Of Commerce And Industry St Paul, MN | $7,317,783 | $6,035,761 |
Lignite Energy Council Bismarck, ND | $4,866,875 | $4,452,905 |
National Association Of Tower Erectors Watertown, SD | $8,490,002 | $4,294,406 |