Builders Exchange Foundation

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EIN 31-1662183 Public charity (501(c)(3)) Columbus, OH
Form 990 (PDF)

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Revenue & expenses by yearFY2020–FY2024
Revenue
$434K
FY2024▼ -12%
Expenses
$437K
FY2024▲ +13%

Form 990 for the fiscal year ending December 2024 (IRS tax year 2024).


Supports commercial construction education and research for industry benefit and community impact. For fiscal year 2024 it reported $434K in revenue, $437K in expenses, and $7.0M in net assets.Pt I

Type
Public charity (501(c)(3)) · Nonprofit
Location
Columbus, OH
Website
www.bx.org/foundation
Filings
5 on file (2020–2024)
Revenue
$434KFY2024
Expenses
$437K
Net assets
$7.0M
People
11
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Provided by the organization

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Size
$100K–1M
What they do
Supports commercial construction education and research for industry benefit and community impact.
Leadership
Josh Corna · Board Member
Money in and out
$434K revenue, $437K expenses
Bottom line
80% program efficiency

What Funders Ask

6 questions, answered from this org's own filings

Will my donation be tax-deductible?

GOOD

Yes — A charitable, religious, educational, scientific, or literary organization. Contributions are generally tax-deductible for donors.

IRS Business Master File records this organization as tax-exempt with deductible contributions. See detail →

Can I donate to this org right now?

GOOD

No revocation on IRS record

This EIN does not appear on the IRS auto-revocation list. See detail →

Is this organization up to date?

GOOD

Filed FY2024 (typical filing lag)

Most recent Form 990 on file is for fiscal year 2024 (2 years ago). See detail →

Is it receiving grants from reputable foundations?

GOOD

1 funder — Turner Construction Company Foundation

1 distinct foundation funder(s) on file, $2K received in the most recent year with grants. See detail →

How is the money spent?

GOOD

80% to programs

80% of total functional expenses went to program services in the most recent filing (Form 990 Part IX); the rest is overhead and fundraising. See detail →

What's its financial size and trend?

NEUTRAL

$100K–1M · ↓ -12% vs prior year

Revenue band $100K–1M, -12% versus the prior filing year (down). See detail →

Where the money goes · FY2024
Total revenue
$434K
Pt VIII · Ln 12
Total expenses
$437K
Pt IX · Ln 25
Net assets
$7.0M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$4K
Where spending went · Part IX cols B–D
Program services $0.80 Management & general $0.19 Fundraising $0.01
Program efficiency
80%
of spending reaches programs▼ -0.7% vs prior filing year
Operating runway
190.9mo
months of highly liquid reserves at operating expense rate▲ +0.8% vs prior filing year
Surplus margin
-0.9%
revenue over expenses, this year▼ -104% vs prior filing year

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Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$7.0M
FY2024▲ +14%
Total liabilities
$0
FY2024▼ -100%
Revenue less expensesPt I · Ln 19−$4K
Total assetsPt X · Ln 16$7.0M
Program-expense ratioPt IX · col B80%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CBuilders Exchange Foundation
EINHdr · item D31-1662183
Principal addressHdr · item CColumbus, OH
WebsiteHdr · item Jwww.bx.org/foundation
Year of formationHdr · item Lpending
State of legal domicileHdr · item MOH
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFNov 1999

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b9
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Past President
$0Pt VII · Sec A
$0Pt VII · Sec A
See Builders Exchange Foundation executive salaries →

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Mission & Programs · Part III

Where the work happens

1 program service account for $348K of program spending, described in the organization's own filed words · FY2024.
01

The foundation supports student outreach and awards scholarships to worthy college students and universities. In addition, the foundation supported the builders exchange of central ohio by providing grants for professional development and membership materials.

$348Kprogram expense

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Statement of Revenue

Part VIII
Investment income$272K · 63%
Contributions & grants$161K · 37%
Investment income63%$272K
Contributions & grants37%$161K
Total revenueLn 12$434K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.80 Management & general $0.19 Fundraising $0.01
Program services80%$348K
Management & general19%$83K
Fundraising1%$6K
Total functional expensesLn 25$437K

Balance Sheet

Part X · end of year
CashLn 1—
Total assetsLn 16$7.0M
Total liabilitiesLn 26$0
Total net assetsLn 32$7.0M

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $7.0M · Operating expenses/yr $437K
190.9 months
Where the money goes
Program services
Program services $348K · Total expenses $437K
80%
Management & General
Management & general $83K · Total expenses $437K
19%
Fundraising
Fundraising $6K · Total expenses $437K
1%
Cost to raise $1
Fundraising expense (3-yr avg) $5K · Solicited contributions (3-yr avg) $154K
$0.03 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $161K · Total revenue $434K
37%
Government reliance
Government grants — · Total revenue $434K
—
Earned-income share
Program service revenue $0 · Total revenue $434K
0%
Investment reliance
Investment income $272K · Total revenue $434K
+63%
Program self-sufficiency
Program service revenue $0 · Total expenses $437K
0%
Growth & trend
Revenue growth (YoY)
This year $434K · Prior year $490K
-12%
Revenue CAGR
FY2020 $390K · FY2024 $434K
+3%
Net-asset trend (YoY)
End of year $7.0M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $434K · Expenses $437K
-0.9%
Liabilities-to-Assets
Total liabilities — · Total assets $7.0M
—
Net-asset ratio
Net assets $7.0M · Total assets $7.0M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $7.0M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $7.0M
100%
People & payroll
Highest Reported Total Compensation
Individual Josh Corna · Reported title BOARD MEMBER · Highest reported compensation $0 · Total expenses $437K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $437K
—
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 80%——
Overhead ratio 19%——
Fundraising cost ratio 4%——
Revenue growth -12%——
Investment management fee ratio 0.9%——
Accounting fee ratio 2%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 1 funder$2K
Grants paid · 11 grants · $977K · 2020–2024
Unitemized GrantFY2024$175,000
Franklinton RisingOH · FY2024$35,000
Unitemized GrantFY2023$152,000
Franklinton RisingOH · FY2023$25,000
Unitemized GrantFY2022$141,000
Franklinton RisingOH · FY2022$65,000
Unitemized GrantFY2021$130,000
Franklinton RisingOH · FY2021$55,000
Unitemized GrantFY2020$111,500
Franklinton RisingOH · FY2020$82,500
One ColumbusOH · FY2020$5,000

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$434K revenue · viewing · ⤓ 990 PDF
FY2023$490K revenue · ⤓ 990 PDF
FY2022$258K revenue · ⤓ 990 PDF
FY2021$593K revenue · ⤓ 990 PDF
FY2020$390K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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