Heart Of The North Builders Association Inc
- Assets
- $41.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Rice Lake, WI
- Founding
- 07/2003
- Data as of
- 12/2023
- EIN
- 87-0687867
Organization Overview
Heart Of The North Builders Association Inc is located in Rice Lake, WI. The organization was established in 2003. According to its NTEE Classification (L03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Heart Of The North Builders Association 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, Heart Of The North Builders Association Inc generated $41.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (4.2%) each year. All expenses for the organization totaled $48.5k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.5%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Emily Drafall Executive Officer | 20 | $12,000 | |
Mike Crotteau Director | 2 | $0 | |
Bob Brueggen Director | 2 | $0 | |
Jeff Haughian Director | 2 | $0 | |
Don Dostal Director | 2 | $0 | |
Bill Kurshinsky Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $15,127 |
| Membership dues | $22,430 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $3,604 |
| Other Revenue | $0 |
| Total Revenue | $41,161 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $12,000 |
| Professional fees and other payments to independent contractors | $3,271 |
| Occupancy, rent, utilities, and maintenance | $420 |
| Printing, publications, postage, and shipping | $315 |
| Other expenses | $32,454 |
| Total expenses | $48,460 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $41,292 |
| Other assets | $0 |
| Total assets | $41,292 |
| Total liabilities | $463 |
| Net assets or fund balances | $40,829 |