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Rattle Building Corporation

Not tax-deductible

Inver Grove, MNMutual-benefit / member-serving EIN 39-6077388Revenue $464K in FY2024

On file with the IRS8956 Almquist Way, 55077-3565 · Inver Grove, MNTax-exempt since Apr 1947

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Owning and maintaining property for a college fraternity

Mission: Form 990 Part I, line 1

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
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
5 of 5
filings with a surplus
Average surplus $78K a year · 17% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Cash reserves
7 mo
of spending, in cash
Looks good: 6.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.1M
35% of total assets
Looks good: liabilities are 35% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$464K
-11% vs prior year
Spent
$405K
Net assets
$2.1M
By yearFY2020–FY2024
Revenue
$464K
FY2024▼ -11%
Tap a bar for its year
Revenue by fiscal year
FY2020$412K
FY2021$418K
FY2022$425K
FY2023$524K
FY2024$464K
Expenses
$405K
FY2024+0.4%
Tap a bar for its year
Expenses by fiscal year
FY2020$306K
FY2021$376K
FY2022$364K
FY2023$403K
FY2024$405K
Net assets
$2.1M
FY2024▲ +3%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.7M
FY2021$1.8M
FY2022$1.9M
FY2023$2.0M
FY2024$2.1M

From the FY2024 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 1947.

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

Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation
David Bunzel
Vice President
$0Pt VII · Sec A
Jeff Adams
Treasurer
$0Pt VII · Sec A
Jim Frome
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Rick Hotzfeld
At-Large Member
$0Pt VII · Sec A
Russell Dinsmore
At-Large Member
$0Pt VII · Sec A
See Rattle Building Corporation 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

Maintains and owns property for a college fraternity.

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1 program · in their own filed words · FY2024
01

Owning and maintaining property for a college fraternity

Pt IX · col B

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$464K
Ln 12
Fees for servicesLn 2g$443K
Other incomeLn 4–11$18K
Investment incomeLn 3$2K
Money outPt IX
$405K
Ln 25
Owns and owesPt X
$2.1M
net assets · Ln 32
Cash and savingsLn 1–2$229K
Total assetsLn 16$3.2M
LiabilitiesLn 26$1.1M
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$443K
Investment incomeLn 3$2K
Other incomeLn 4–11$18K
Total revenueLn 12$464K
Assets in detailPt X, end of year
CashLn 1$103K
SavingsLn 2$126K
Cash and savings togetherLn 1–2$229K
Land, buildings, equipmentLn 10c$2.9M
Total assetsLn 16$3.2M
LiabilitiesLn 26$1.1M
Net assetsLn 32$2.1M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$221K$229K
Land, buildings, equipmentLn 10c$2.9M$2.9M
Total assetsLn 16$3.2M$3.2M
LiabilitiesLn 26$1.2M$1.1M
Net assetsLn 32$2.0M$2.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$29K
Legal feesLn 11b$4K
OccupancyLn 16$163K
InterestLn 20$37K
InsuranceLn 23$30K
Other expenses (24a–d)Ln 24$142K
Total functional expensesLn 25$405K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $464K$405K$58K$2.1M 990 PDF
FY2023 $524K$403K$120K$2.0M 990 PDF
FY2022 $425K$364K$61K$1.9M 990 PDF
FY2021 $418K$376K$42K$1.8M 990 PDF
FY2020 $412K$306K$106K$1.7M 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 FY2024 990 (6 parts)
Part I · Summary $463,632 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $518,185$443,410
I-10 Investment incomePrior year $1,475$2,113
I-11 Other revenuePrior year $3,859$18,109
I-12 Total revenuePrior year $523,519$463,632
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 $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $403,364$405,172
I-18 Total expensesPrior year $403,364$405,172
I-19 Revenue less expensesPrior year $120,155$58,460
Part VI · Governance 6 of 6 board members independent, 4 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $463,632 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $443,410$443,410
VIII-3 Investment incomeExcluded from tax $2,113$2,113
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $18,109$18,109
VIII-12 Total revenueRelated to mission $461,519 · Unrelated business $0 · Excluded from tax $2,113$463,632
Part IX · Statement of functional expenses $405,172 across 6 lines filed
IX-11a Management fees$28,703
IX-11b Legal fees$4,410
IX-16 Occupancy$162,689
IX-20 Interest$37,262
IX-23 Insurance$29,783
IX-24 Other expenses (24a–d)$142,325
IX-25 Total functional expenses$405,172
Part X · Balance sheet $3,183,772 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $121,081$103,354
X-2 Savings and temporary cash investmentsStart of year $99,839$125,952
X-4 Accounts receivableStart of year $13,121$1,788
X-9 Prepaid expenses and deferred chargesStart of year $7,877$7,009
X-10c Land, buildings and equipment, netStart of year $2,945,669$2,945,669
X-16 Total assetsStart of year $3,187,587$3,183,772
X-17 Accounts payable and accrued expensesStart of year $9,496$8,424
X-19 Deferred revenueStart of year $18,810$22,958
X-25 Other liabilitiesStart of year $82,096$102,707
X-26 Total liabilitiesStart of year $1,189,386$1,127,111
X-27 Net assets without donor restrictionsStart of year $1,998,201$2,056,661
X-32 Total net assets or fund balancesStart of year $1,998,201$2,056,661
X-33 Total liabilities and net assetsStart of year $3,187,587$3,183,772
Part XI · Reconciliation of net assets $2,056,661 net assets at year end
XI-1 Total revenue$463,632
XI-2 Total expenses$405,172
XI-3 Revenue less expenses$58,460
XI-4 Net assets at start of year$1,998,201
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,056,661

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

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