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Builders Exchange Foundation FY2023 filing

Tax-deductible

Columbus, OH501(c)(3)EIN 31-1662183Revenue $490K in FY2023

On file with the IRSbx.org/foundation1175 Dublin Road, 43215-1198 · Columbus, OHTax-exempt since Nov 1999Publicly supported charity — 170(b)(1)(A)(vi)

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The Builders Exchange Foundation was established in 1999 as a philanthropic arm of the Builders Exchange of central ohio. The mission of the Foundation is to adavance and support the commercial construction industry's education and research activities for the benefit of employers, employees, consumers, and the community impacted by the commercial construction industry in central ohio. The Foundation is primarily dependent on the support of those closely affiliated with the local commerical construction industry

501(c)(3) charity; gifts are tax-deductible.
80¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
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
Yes
Donations are tax-deductible
Looks good: the IRS lists 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 $78K a year · 18% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Named funders
1
named funder · $2K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$523
<0.01% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$490K
+90% vs prior year
Spent
$387K
To programs
80%
Net assets
$6.1M
By yearFY2020–FY2024
Revenue
$490K
FY2023▲ +90%
Tap a bar for its year
Revenue by fiscal year
FY2020$390K
FY2021$593K
FY2022$258K
FY2023$490K
FY2024$434K
Expenses
$387K
FY2023▼ -3%
Tap a bar for its year
Expenses by fiscal year
FY2020$246K
FY2021$309K
FY2022$397K
FY2023$387K
FY2024$437K
Net assets
$6.1M
FY2023▲ +16%
Tap a bar for its year
Net assets by fiscal year
FY2020$5.6M
FY2021$6.6M
FY2022$5.3M
FY2023$6.1M
FY2024$7.0M

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 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 Nov 1999.

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

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $310K Management & general 19% · $72K Fundraising 1% · $5K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

12 people listed on the 990.

Part VII, Section A · reportable compensation
Jim Smith
Board Member
$0Pt VII · Sec A
Josh Corna
President
$0Pt VII · Sec A
Jerome Buckner
Board Member
$0Pt VII · Sec A
Brian Dew
Board Member
$0Pt VII · Sec A
Dan Geers
Board Member
$0Pt VII · Sec A
Charles Loeb
Board Member
$0Pt VII · Sec A
Christian Robertson
Vice President
$0Pt VII · Sec A
Greg Schmitt
Board Member
$0Pt VII · Sec A
See Builders Exchange Foundation 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supports commercial construction education and research for industry benefit and community impact.

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Provided by the organization

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1 program · $310K · in their own filed words · FY2023
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.

$310Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2023
Turner Construction Company FoundationFY2023$2K
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

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$490K
Ln 12
Investment incomeLn 3$341K
Gifts and grantsLn 1h$149K
Money outPt IX
$387K
Ln 25
Programscol B$310K
Managementcol C$72K
Fundraisingcol D$5K
Owns and owesPt X
$6.1M
net assets · Ln 32
Total assetsLn 16$6.1M
LiabilitiesLn 26$523
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$149K
Fundraising eventsLn 1c$53K
Investment incomeLn 3$341K
Gains on assetsLn 7$226K
Total revenueLn 12$490K
Assets in detailPt X, end of year
InvestmentsLn 11–13$6.1M
Total assetsLn 16$6.1M
LiabilitiesLn 26$523
Net assetsLn 32$6.1M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
InvestmentsLn 11–13$5.2M$6.1M
Total assetsLn 16$5.3M$6.1M
LiabilitiesLn 26$0$523
Net assetsLn 32$5.3M$6.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$30K$30K
Grants to domestic individualsLn 2$152K$152K
Management feesLn 11a$50K$35K$10K$5K
Accounting feesLn 11c$7K$7K
Investment management feesLn 11f$54K$54K
Other expenses (24a–d)Ln 24$94K$93K$713
Total functional expensesLn 25$387K$310K$72K$5K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $434K$437K−$4K$7.0M 990 PDF
FY2023 Viewing $490K$387K$103K$6.1M 990 PDF
FY2022 $258K$397K−$139K$5.3M 990 PDF
FY2021 $593K$309K$284K$6.6M 990 PDF
FY2020 $390K$246K$144K$5.6M 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 FY2023 990 (6 parts)
Part I · Summary $490,260 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $150,431$149,428
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $107,097$340,832
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $257,528$490,260
I-13 Grants and similar amounts paidPrior year $274,359$182,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $122,537$204,927
I-18 Total expensesPrior year $396,896$386,927
I-19 Revenue less expensesPrior year −$139,368$103,333
Part VI · Governance 10 of 10 board members independent, 1 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $490,260 across 7 lines filed
VIII-1c Fundraising events$53,323
VIII-1f All other contributions, gifts and grants$96,105
VIII-1h Total contributions, gifts and grants$149,428
VIII-3 Investment incomeExcluded from tax $115,246$115,246
VIII-7 Net gain or loss on sales of assetsExcluded from tax $225,586$225,586
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $340,832$490,260
Part IX · Statement of functional expenses $386,927 across 6 lines filed
IX-1 Grants to domestic organizationsPrograms $30,000$30,000
IX-2 Grants to domestic individualsPrograms $152,000$152,000
IX-11a Management feesPrograms $35,000 · Management $10,000 · Fundraising $5,000$50,000
IX-11c Accounting feesManagement $7,000$7,000
IX-11f Investment management feesManagement $54,384$54,384
IX-24 Other expenses (24a–d)Programs $92,830 · Management $713$93,543
IX-25 Total functional expensesPrograms $309,830 · Management $72,097 · Fundraising $5,000$386,927
Part X · Balance sheet $6,105,025 assets, 8 lines filed
X-11 Publicly traded securitiesStart of year $5,241,223$6,105,025
X-16 Total assetsStart of year $5,256,456$6,105,025
X-17 Accounts payable and accrued expensesStart of year $0$523
X-26 Total liabilitiesStart of year $0$523
X-27 Net assets without donor restrictionsStart of year $2,648,091$3,465,320
X-28 Net assets with donor restrictionsStart of year $2,608,365$2,639,182
X-32 Total net assets or fund balancesStart of year $5,256,456$6,104,502
X-33 Total liabilities and net assetsStart of year $5,256,456$6,105,025
Part XI · Reconciliation of net assets $6,104,502 net assets at year end
XI-1 Total revenue$490,260
XI-2 Total expenses$386,927
XI-3 Revenue less expenses$103,333
XI-4 Net assets at start of year$5,256,456
XI-5 Net unrealized gains (losses) on investments$744,713
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$6,104,502

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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