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Rochester Area Builders INC

Not tax-deductible

Rochester, MN501(c)(6)Mutual / membership EIN 41-0798316Revenue $799K in FY2024

On file with the IRSrochesterareabuilders.com108 Elton Hills Ln Nw, 55901-3567 · Rochester, MNTax-exempt since Apr 1990

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The Rochester Area Builders, INC. Is a professional organization established in 1953 consisting of businesses involved in construction and all aspects of home improvement throughout Rochester, MN and all of southeastern minnesota. Our website is devoted to putting you in touch with the services of Area building, remodeling and home improvement professionals in the communities we serve. We are committed to professionalism within the building and home improvement industries and to providing the community with the information needed in order to make sound decisions in home building, commercial construction, remodeling, renovation and home improvement. As Rochester minnesota's and southeastern minnesota's leader in construction, remodeling and home improvement, rab also strives to benefit our members in the professional growth of their businesses through participation, advocacy, education, and community involvement. Rochester Area Builders also serves as a resource for the Rochester, MN ar

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
100¢ of each $1 spent went to programs.
Run by 24 volunteers and 4 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · 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 $721 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
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 2.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$204K
22% of total assets
Looks good: liabilities are 22% of assets; 50% or less.
Pt X · Ln 26
Independent board members
25
of 25 voting members
Looks good: 25 of 25 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$799K
-14% vs prior year
Spent
$773K
To programs
100%
Net assets
$733K
By yearFY2020–FY2024
Revenue
$799K
FY2024▼ -14%
Tap a bar for its year
Revenue by fiscal year
FY2020$768K
FY2021$749K
FY2022$646K
FY2023$934K
FY2024$799K
Expenses
$773K
FY2024▼ -7%
Tap a bar for its year
Expenses by fiscal year
FY2020$750K
FY2021$775K
FY2022$766K
FY2023$827K
FY2024$773K
Net assets
$733K
FY2024▲ +5%
Tap a bar for its year
Net assets by fiscal year
FY2020$777K
FY2021$764K
FY2022$643K
FY2023$698K
FY2024$733K

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 Apr 1990.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $773K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

25 people listed on the 990.

Part VII, Section A · reportable compensation
Austin Ryan
President
$0Pt VII · Sec A
Jeremy Keller
Vice-Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Adam Giannini
Past-Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Rochester Area Builders INC 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

Connects people with local construction and home improvement professionals.

Questions for Rochester Area Builders INC

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1 program · in their own filed words · FY2024
01

To develop, encourage and maintain cooperation for the objectives and responsibilities of area home builders, trade assoc and related homeowners.

Pt IX · col B

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$799K
Ln 12
Fees for servicesLn 2g$692K
Other incomeLn 4–11$98K
Investment incomeLn 3$9K
Money outPt IX
$773K
Ln 25
Programscol B$773K
Owns and owesPt X
$733K
net assets · Ln 32
Cash and savingsLn 1–2$134K
Total assetsLn 16$937K
LiabilitiesLn 26$204K
PeoplePt VI, VII
25
listed · VII A
PaidVII A0
Voting boardVI 1a25
IndependentVI 1b25
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$692K
Investment incomeLn 3$9K
Other incomeLn 4–11$98K
Total revenueLn 12$799K
Assets in detailPt X, end of year
CashLn 1$6K
SavingsLn 2$129K
Cash and savings togetherLn 1–2$134K
Land, buildings, equipmentLn 10c$685K
Other assetsLn 15$12K
Total assetsLn 16$937K
LiabilitiesLn 26$204K
Net assetsLn 32$733K
OperationsPt I, VI
EmployeesI 54
VolunteersI 624
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 FY24End FY24
Cash and savingsLn 1–2$269K$134K
Land, buildings, equipmentLn 10c$706K$685K
Total assetsLn 16$1.1M$937K
LiabilitiesLn 26$390K$204K
Net assetsLn 32$698K$733K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$84K$84K
Other salaries and wagesLn 7$124K$124K
Other employee benefitsLn 9$43K$43K
Payroll taxesLn 10$16K$16K
Legal feesLn 11b$2K$2K
Accounting feesLn 11c$18K$18K
Other fees for servicesLn 11g$56K$56K
Office expensesLn 13$15K$15K
Information technologyLn 14$36K$36K
OccupancyLn 16$62K$62K
TravelLn 17$11K$11K
InterestLn 20$12K$12K
Payments to affiliatesLn 21$137K$137K
Depreciation, depletion and amortizationLn 22$24K$24K
Other expenses (24a–d)Ln 24$104K$104K
All other expensesLn 24e$29K$29K
Total functional expensesLn 25$773K$773K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $799K$773K$26K$733K 990 PDF
FY2023 $934K$827K$107K$698K 990 PDF
FY2022 $646K$766K−$120K$643K 990 PDF
FY2021 $749K$775K−$26K$764K 990 PDF
FY2020 $768K$750K$18K$777K 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 $798,544 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $725,618$691,719
I-10 Investment incomePrior year −$3,881$9,225
I-11 Other revenuePrior year $212,116$97,600
I-12 Total revenuePrior year $933,853$798,544
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $244,416$266,955
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $582,837$505,924
I-18 Total expensesPrior year $827,253$772,879
I-19 Revenue less expensesPrior year $106,600$25,665
Part VI · Governance 25 of 25 board members independent, 1 to look at
VI-1a Voting members of the governing body25
VI-1b Independent voting members25
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 $798,544 across 6 lines filed
Lines not itemized here account for $9,202 of total revenue; see the IRS return.
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $682,517$682,517
VIII-3 Investment incomeExcluded from tax $9,225$9,225
VIII-6 Net rental income or lossRelated to mission $4,283$4,283
VIII-8 Net income from fundraising eventsExcluded from tax $92,785$92,785
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $532$532
VIII-12 Total revenueRelated to mission $696,002 · Excluded from tax $102,542$798,544
Part IX · Statement of functional expenses $772,879 across 16 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $83,692$83,692
IX-7 Other salaries and wagesPrograms $123,607$123,607
IX-9 Other employee benefitsPrograms $43,256$43,256
IX-10 Payroll taxesPrograms $16,400$16,400
IX-11b Legal feesPrograms $2,465$2,465
IX-11c Accounting feesPrograms $17,988$17,988
IX-11g Other fees for servicesPrograms $56,141$56,141
IX-13 Office expensesPrograms $14,516$14,516
IX-14 Information technologyPrograms $36,247$36,247
IX-16 OccupancyPrograms $62,311$62,311
IX-17 TravelPrograms $10,836$10,836
IX-20 InterestPrograms $12,379$12,379
IX-21 Payments to affiliatesPrograms $136,941$136,941
IX-22 Depreciation, depletion and amortizationPrograms $23,540$23,540
IX-24 Other expenses (24a–d)Programs $103,589$103,589
IX-24e All other expensesPrograms $28,971$28,971
IX-25 Total functional expensesPrograms $772,879 · Management $0 · Fundraising $0$772,879
Part X · Balance sheet $937,097 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $8,566$5,652
X-2 Savings and temporary cash investmentsStart of year $260,647$128,774
X-4 Accounts receivableStart of year $109,164$106,190
X-10c Land, buildings and equipment, netStart of year $706,417$684,928
X-15 Other assetsStart of year $2,749$11,553
X-16 Total assetsStart of year $1,087,543$937,097
X-17 Accounts payable and accrued expensesStart of year $14,032$4,977
X-19 Deferred revenueStart of year $145,583$153,535
X-25 Other liabilitiesStart of year $229,966$45,411
X-26 Total liabilitiesStart of year $389,581$203,923
X-32 Total net assets or fund balancesStart of year $697,962$733,174
X-33 Total liabilities and net assetsStart of year $1,087,543$937,097
Part XI · Reconciliation of net assets $733,174 net assets at year end
XI-1 Total revenue$798,544
XI-2 Total expenses$772,879
XI-3 Revenue less expenses$25,665
XI-4 Net assets at start of year$697,962
XI-8 Prior period adjustments$10,916
XI-9 Other changes in net assets−$1,369
XI-10 Net assets at end of year$733,174

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

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