Rhode Island Builders Association

Not tax-deductible

East Providence, RI501(c)(6)EIN 05-0254618

The operation of a trade association to support the building industry in RI by promoting the

Run by 50 volunteers and 10 employees.
Mission: Form 990 Part I, line 1 · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $18K a year · under 1% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Pay to officers and key staff
$257K
to officers and key staff · 9% of spending
Looks good: pay to officers and key staff is 9% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 4.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $8K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$936K
38% of total assets
Looks good: liabilities are 38% of assets; 50% or less.
Pt X · Ln 26
Independent board members
58
of 58 voting members
Looks good: 58 of 58 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.7M
+6% vs prior year
Spent
$2.9M
Net assets
$1.5M
By yearFY2020–FY2024
Revenue
$2.7M
FY2024▲ +6%
Revenue by fiscal year
FY2020$1.8M
FY2021$1.7M
FY2022$2.3M
FY2023$2.5M
FY2024$2.7M
Expenses
$2.9M
FY2024▲ +17%
Expenses by fiscal year
FY2020$1.9M
FY2021$1.5M
FY2022$2.2M
FY2023$2.4M
FY2024$2.9M
Net assets
$1.5M
FY2024▼ -10%
Net assets by fiscal year
FY2020$1.5M
FY2021$1.6M
FY2022$1.6M
FY2023$1.7M
FY2024$1.5M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 1951.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

59 people listed on the 990; $257K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$257,051Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021
John Marcantonio$257,051$247,357$239,630$217,494

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Promotes the building industry in Rhode Island through a trade association.

Provided by the organization

This section is blank until Rhode Island Builders Association claims this page.

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3 program services, described in the organization's own filed words · FY2024.
01

Health Insurance

The health insurance program provides affordable health care coverage for the membership through our group purchase program.

Pt IX · col B
02

Magazine

The monthly magazine serves the professional development of our members and the informational needs of the general public.

Pt IX · col B
03

Home Show

The home show educates the public on new trends, materials, and services in the home construction industry.

Pt IX · col B

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2020
Total grants receivedfrom 1 funder$8K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$2.7M
Ln 12
Fees for servicesLn 2g$1.7M
Gifts and grantsLn 1h$948K
Investment incomeLn 3$73K
Money outPt IX
$2.9M
Ln 25
Owns and owesPt X
$1.5M
net assets · Ln 32
Cash and savingsLn 1–2$947K
Total assetsLn 16$2.5M
LiabilitiesLn 26$936K
PeoplePt VI, VII
59
listed · VII A
PaidVII A1
Voting boardVI 1a58
IndependentVI 1b58
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$948K
Government grantsLn 1e$909K
Fundraising eventsLn 1c$27K
Fees for servicesLn 2g$1.7M
Investment incomeLn 3$73K
Gains on assetsLn 7$41K
Total revenueLn 12$2.7M
Assets in detailPt X, end of year
CashLn 1$562K
SavingsLn 2$385K
Cash and savings togetherLn 1–2$947K
InvestmentsLn 11–13$729K
Land, buildings, equipmentLn 10c$139K
Other assetsLn 15$14K
Total assetsLn 16$2.5M
LiabilitiesLn 26$936K
Net assetsLn 32$1.5M
OperationsPt I, VI
EmployeesI 510
VolunteersI 650
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$858K$947K
InvestmentsLn 11–13$801K$729K
Land, buildings, equipmentLn 10c$154K$139K
Total assetsLn 16$2.5M$2.5M
LiabilitiesLn 26$763K$936K
Net assetsLn 32$1.7M$1.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$297K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$451K
Pension plan contributionsLn 8$215K
Other employee benefitsLn 9$13K
Payroll taxesLn 10$53K
Management feesLn 11a$0
Legal feesLn 11b$35K
Accounting feesLn 11c$100K
Lobbying feesLn 11d$184K
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$10K
Other fees for servicesLn 11g$240K
Advertising and promotionLn 12$357K
Office expensesLn 13$295K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$118K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$69K
InterestLn 20$4K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$12K
InsuranceLn 23$25K
Other expenses (24a–d)Ln 24$386K
Total functional expensesLn 25$2.9M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $2.7M$2.9M−$174K$1.5M 990 PDF
FY2023 $2.5M$2.4M$100K$1.7M 990 PDF
FY2022 $2.3M$2.2M$111K$1.6M 990 PDF
FY2021 $1.7M$1.5M$111K$1.6M 990 PDF
FY2020 $1.8M$1.9M−$61K$1.5M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $2,691,573 across 11 lines filed
Lines not itemized here account for $51,073 of total revenue; see the IRS return.
VIII-1c Fundraising events$27,250
VIII-1e Government grants$908,618
VIII-1f All other contributions, gifts and grants$11,650
VIII-1h Total contributions, gifts and grants$947,518
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,611,521 · Unrelated business $78,519$1,690,040
VIII-3 Investment incomeUnrelated business $16,000 · Excluded from tax $16,362$32,362
VIII-5 Royalties$0
VIII-6 Net rental income or lossExcluded from tax $5,763$5,763
VIII-7 Net gain or loss on sales of assetsExcluded from tax $41,072$41,072
VIII-8 Net income from fundraising eventsExcluded from tax −$76,255−$76,255
VIII-12 Total revenueRelated to mission $1,611,521 · Unrelated business $145,592 · Excluded from tax −$13,058$2,691,573
Part IX · Statement of functional expenses $2,865,418 across 30 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$296,562
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$450,788
IX-8 Pension plan contributions$215,469
IX-9 Other employee benefits$13,270
IX-10 Payroll taxes$53,170
IX-11a Management fees$0
IX-11b Legal fees$34,769
IX-11c Accounting fees$99,685
IX-11d Lobbying fees$184,217
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$10,424
IX-11g Other fees for services$240,199
IX-12 Advertising and promotion$356,868
IX-13 Office expenses$295,447
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$117,711
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$69,275
IX-20 Interest$3,928
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$12,432
IX-23 Insurance$24,796
IX-24 Other expenses (24a–d)$386,408
IX-25 Total functional expenses$2,865,418
Part X · Balance sheet $2,477,601 assets, 24 lines filed
Asset lines not itemized here account for $400,000; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $792,030$561,892
X-2 Savings and temporary cash investmentsStart of year $66,298$384,771
X-3 Pledges and grants receivableStart of year $53,133$75,517
X-4 Accounts receivableStart of year $98,974$38,124
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $49,212$85,261
X-10c Land, buildings and equipment, netStart of year $153,694$138,771
X-11 Publicly traded securitiesStart of year $801,239$729,243
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $50,000$50,000
X-15 Other assetsStart of year $14,022$14,022
X-16 Total assetsStart of year $2,478,602$2,477,601
X-17 Accounts payable and accrued expensesStart of year $156,986$97,618
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $460,254$497,247
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $1,435$200,418
X-26 Total liabilitiesStart of year $763,225$936,069
X-27 Net assets without donor restrictionsStart of year $1,708,531$1,537,328
X-28 Net assets with donor restrictionsStart of year $6,846$4,204
X-32 Total net assets or fund balancesStart of year $1,715,377$1,541,532
X-33 Total liabilities and net assetsStart of year $2,478,602$2,477,601
Part XI · Reconciliation of net assets $1,541,532 net assets at year end
XI-1 Total revenue$2,691,573
XI-2 Total expenses$2,865,418
XI-3 Revenue less expenses−$173,845
XI-4 Net assets at start of year$1,715,377
XI-10 Net assets at end of year$1,541,532

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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