Builders Exchange Of Louisville Incorporated
- Assets
- $8.3m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 11
- Location
- Louisville, KY
- Founding
- 05/1938
- Data as of
- 12/2023
- EIN
- 61-0145980
Organization Overview
Builders Exchange Of Louisville Incorporated is located in Louisville, KY. The organization was established in 1938. 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. As of 12/2023, Builders Exchange Of Louisville Incorporated employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Builders Exchange Of Louisville Incorporated 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 Exchange Of Louisville Incorporated generated $1.6m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $1.5m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.4%) per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO OFFER CREATIVE RESOURCES TO FACILITATE THE SUCCESS OF THE CONSTRUCTION INDUSTRY BY PROVIDING VALUED PRODUCTS AND SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GATHER, SCAN AND ENTER CONSTRUCTION PROJECT INFORMATION AND DOCUMENTS; DAILY UPDATES TO THE WEBSITE WITH SUCH INFORMATION; PUBLISH A WEEKLY ONLINE NEWS LETTER.
PROVIDE ASSISTANCE FOR HIGHER EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Murphy Immediate Past President | OfficerTrustee | 1 | $0 |
Terri Albert Treasurer | OfficerTrustee | 1 | $0 |
Lynn Stetson Chief Executive Officer | OfficerTrustee | 60 | $145,404 |
John Schnurr Director | Trustee | 1 | $0 |
Todd Pottlitzer President | OfficerTrustee | 1 | $0 |
Ed Coy Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| 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 | $0 |
| Total Program Service Revenue | $1,122,017 |
| Investment income | $119,095 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $174,267 |
| Net Rental Income | $46,050 |
| Net Gain/Loss on Asset Sales | $62,261 |
| Net Income from Fundraising Events | $7,243 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,615,467 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $26,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $157,046 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $624,421 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $122,023 |
| Payroll taxes | $56,082 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $76,530 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $40,433 |
| Fees for services: Other | $0 |
| Advertising and promotion | $27,570 |
| Office expenses | $68,748 |
| Information technology | $73,422 |
| Royalties | $0 |
| Occupancy | $114,247 |
| Travel | $2,231 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $34,482 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $76,599 |
| Insurance | $5,415 |
| All other expenses | $0 |
| Total functional expenses | $1,524,349 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $283,528 |
| Savings and temporary cash investments | $262,961 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $187,278 |
| 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 | $28,057 |
| Net Land, buildings, and equipment | $1,051,187 |
| Investments—publicly traded securities | $6,476,150 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,289,161 |
| Accounts payable and accrued expenses | $37,211 |
| Grants payable | $0 |
| Deferred revenue | $614,064 |
| 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 | $2,594 |
| Total liabilities | $653,869 |
| Net assets without donor restrictions | $7,635,292 |
| 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 | $8,289,161 |