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Rhode Island Builders Association FY2020 filing

Not tax-deductible

East Providence, RI501(c)(6)Mutual / membership EIN 05-0254618Revenue $1.8M in FY2020

On file with the IRSribuilders.org450 Veterans Mem Pkwy 301, 02914-0000 · East Providence, RITax-exempt since Jul 1951

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

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

Before you give

FY2020 · 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
Cash reserves
4 mo
of spending, in cash
Plus $769K in investments, Pt X · Ln 11–13
Looks good: 4.4 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
$1.0M
41% of total assets
Looks good: liabilities are 41% of assets; 50% or less.
Pt X · Ln 26
Independent board members
54
of 54 voting members
Looks good: 54 of 54 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.8M
Spent
$1.9M
Net assets
$1.5M
By yearFY2020–FY2024
Revenue
$1.8M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$1.8M
FY2021$1.7M
FY2022$2.3M
FY2023$2.5M
FY2024$2.7M
Expenses
$1.9M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$1.9M
FY2021$1.5M
FY2022$2.2M
FY2023$2.4M
FY2024$2.9M
Net assets
$1.5M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$1.5M
FY2021$1.6M
FY2022$1.6M
FY2023$1.7M
FY2024$1.5M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

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

54 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Scott Grace
Director
$0Pt VII · Sec A
$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.

See Rhode Island Builders Association executive salaries →

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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.

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Provided by the organization

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3 programs · in their own filed words · FY2020
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

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
Navigant Credit UnionFY2020$8K
Total grants receivedfrom 1 funder$8K

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.8M
Ln 12
Fees for servicesLn 2g$874K
Gifts and grantsLn 1h$871K
Investment incomeLn 3$66K
Money outPt IX
$1.9M
Ln 25
Owns and owesPt X
$1.5M
net assets · Ln 32
Cash and savingsLn 1–2$684K
Total assetsLn 16$2.5M
LiabilitiesLn 26$1.0M
PeoplePt VI, VII
54
listed · VII A
PaidVII A0
Voting boardVI 1a54
IndependentVI 1b54
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$871K
Government grantsLn 1e$871K
Fees for servicesLn 2g$874K
Investment incomeLn 3$66K
Other incomeLn 4–11$3K
Gains on assetsLn 7$32K
Total revenueLn 12$1.8M
Assets in detailPt X, end of year
CashLn 1$367K
SavingsLn 2$317K
Cash and savings togetherLn 1–2$684K
InvestmentsLn 11–13$769K
Land, buildings, equipmentLn 10c$241K
Other assetsLn 15$464K
Total assetsLn 16$2.5M
LiabilitiesLn 26$1.0M
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 FY20End FY20
Cash and savingsLn 1–2$276K$684K
InvestmentsLn 11–13$735K$769K
Land, buildings, equipmentLn 10c$275K$241K
Total assetsLn 16$2.1M$2.5M
LiabilitiesLn 26$580K$1.0M
Net assetsLn 32$1.5M$1.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$220K
Other salaries and wagesLn 7$471K
Pension plan contributionsLn 8$12K
Other employee benefitsLn 9$55K
Payroll taxesLn 10$28K
Legal feesLn 11b$67K
Accounting feesLn 11c$14K
Lobbying feesLn 11d$45K
Investment management feesLn 11f$8K
Other fees for servicesLn 11g$12K
Advertising and promotionLn 12$72K
Office expensesLn 13$98K
OccupancyLn 16$65K
TravelLn 17$70
InterestLn 20$2K
Depreciation, depletion and amortizationLn 22$32K
InsuranceLn 23$14K
Other expenses (24a–d)Ln 24$634K
All other expensesLn 24e$24K
Total functional expensesLn 25$1.9M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $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 Viewing $1.8M$1.9M−$61K$1.5M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $1,813,344 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $774,365$870,713
I-9 Program service revenuePrior year $1,793,338$873,877
I-10 Investment incomePrior year $28,990$66,245
I-11 Other revenuePrior year $7,725$2,509
I-12 Total revenuePrior year $2,604,418$1,813,344
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $466,663$786,812
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,089,140$1,087,750
I-18 Total expensesPrior year $2,555,803$1,874,562
I-19 Revenue less expensesPrior year $48,615−$61,218
Part VI · Governance 54 of 54 board members independent, 3 to look at
VI-1a Voting members of the governing body54
VI-1b Independent voting members54
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,813,344 across 7 lines filed
VIII-1e Government grants$870,713
VIII-1h Total contributions, gifts and grants$870,713
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $694,676 · Unrelated business $179,201$873,877
VIII-3 Investment incomeUnrelated business $16,000 · Excluded from tax $17,795$33,795
VIII-6 Net rental income or lossUnrelated business $2,509$2,509
VIII-7 Net gain or loss on sales of assetsRelated to mission −$3,235 · Excluded from tax $35,685$32,450
VIII-12 Total revenueRelated to mission $691,441 · Unrelated business $197,710 · Excluded from tax $53,480$1,813,344
Part IX · Statement of functional expenses $1,874,562 across 19 lines filed
IX-5 Pay of current officers, directors and key staff$220,411
IX-7 Other salaries and wages$470,740
IX-8 Pension plan contributions$12,301
IX-9 Other employee benefits$55,468
IX-10 Payroll taxes$27,892
IX-11b Legal fees$66,760
IX-11c Accounting fees$14,000
IX-11d Lobbying fees$45,120
IX-11f Investment management fees$8,416
IX-11g Other fees for services$11,745
IX-12 Advertising and promotion$72,230
IX-13 Office expenses$97,851
IX-16 Occupancy$64,973
IX-17 Travel$70
IX-20 Interest$2,423
IX-22 Depreciation, depletion and amortization$32,181
IX-23 Insurance$13,629
IX-24 Other expenses (24a–d)$634,202
IX-24e All other expenses$24,150
IX-25 Total functional expenses$1,874,562
Part X · Balance sheet $2,535,214 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $137,635$366,623
X-2 Savings and temporary cash investmentsStart of year $138,638$317,377
X-3 Pledges and grants receivable$125,500
X-4 Accounts receivableStart of year $273,115$67,218
X-9 Prepaid expenses and deferred chargesStart of year $96,011$185,316
X-10c Land, buildings and equipment, netStart of year $274,771$240,606
X-11 Publicly traded securitiesStart of year $735,160$768,552
X-15 Other assetsStart of year $464,022$464,022
X-16 Total assetsStart of year $2,119,352$2,535,214
X-17 Accounts payable and accrued expensesStart of year $55,193$79,911
X-19 Deferred revenueStart of year $520,143$756,158
X-25 Other liabilitiesStart of year $0$54,652
X-26 Total liabilitiesStart of year $580,158$1,041,104
X-27 Net assets without donor restrictionsStart of year $1,539,194$1,494,110
X-32 Total net assets or fund balancesStart of year $1,539,194$1,494,110
X-33 Total liabilities and net assetsStart of year $2,119,352$2,535,214
Part XI · Reconciliation of net assets $1,494,110 net assets at year end
XI-1 Total revenue$1,813,344
XI-2 Total expenses$1,874,562
XI-3 Revenue less expenses−$61,218
XI-4 Net assets at start of year$1,539,194
XI-5 Net unrealized gains (losses) on investments$16,134
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,494,110

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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