Arrowhead Builders Association FY2020 filing

Not tax-deductible

Hermantown, MN501(c)(6)EIN 41-0946103

Advancing the building industry to be the regions primary resource by setting the standard for integrity, value and trust, we support, promote and enhance the building industry.

$54K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

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
4 of 5
filings with a surplus
Average surplus $12K a year · 8% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$54K
to officers and key staff · 34% of spending
Concern: pay to officers and key staff is 34% of spending; over 30%.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.5 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1K
1.0% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$81K
Spent
$159K
To programs
0%
Net assets
$122K
By yearFY2020–FY2024
Revenue
$81K
FY2020
Revenue by fiscal year
FY2020$81K
FY2021$108K
FY2022$177K
FY2023$165K
FY2024$171K
Expenses
$159K
FY2020
Expenses by fiscal year
FY2020$159K
FY2021$103K
FY2022$118K
FY2023$113K
FY2024$152K
Net assets
$122K
FY2020
Net assets by fiscal year
FY2020$122K
FY2021$128K
FY2022$174K
FY2023$242K
FY2024$293K

From the FY2020 Form 990 · 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 Mar 1987.

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

Who runs it and what they're paid

13 people listed on the 990; $54K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Di
$54,489Pt VII · Sec A
President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Rachelle Eliason————$54,489
Kim Hileman$51,829$37,155$41,771$18,580—

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.

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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 15aYes

Programs and updates

Supports and promotes the building industry, setting standards for integrity, value, and trust.

Provided by the organization

This section is blank until Arrowhead Builders Association claims this page.

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1 program service, described in the organization's own filed words · FY2020.
01

Advancing the building industry to be the regions primary resource by setting the standard for integrity, value and trust, we support, promote and enhance the building industry.

Pt IX · col B

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By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$81K
Ln 12
Gifts and grantsLn 1h$47K
Other incomeLn 4–11$21K
Investment incomeLn 3$13K
Money outPt IX
$159K
Ln 25
Owns and owesPt X
$122K
net assets · Ln 32
Cash and savingsLn 1–2$7K
Total assetsLn 16$124K
LiabilitiesLn 26$1K
PeoplePt VI, VII
13
listed · VII A
PaidVII A1
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$47K
Government grantsLn 1e$12K
Investment incomeLn 3$13K
Other incomeLn 4–11$21K
Total revenueLn 12$81K
Assets in detailPt X, end of year
CashLn 1$6K
SavingsLn 2$918
Cash and savings togetherLn 1–2$7K
InvestmentsLn 11–13$117K
Total assetsLn 16$124K
LiabilitiesLn 26$1K
Net assetsLn 32$122K
OperationsPt I, VI
EmployeesI 52
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$10K$7K
InvestmentsLn 11–13$189K$117K
Total assetsLn 16$200K$124K
LiabilitiesLn 26$0$1K
Net assetsLn 32$200K$122K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$54K
Other salaries and wagesLn 7$3K
Payroll taxesLn 10$6K
Accounting feesLn 11c$54
Investment management feesLn 11f$1K
Advertising and promotionLn 12$6K
OccupancyLn 16$9K
TravelLn 17$565
InsuranceLn 23$2K
Other expenses (24a–d)Ln 24$76K
Total functional expensesLn 25$159K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $171K$152K$19K$293K 990 PDF
FY2023 $165K$113K$51K$242K 990 PDF
FY2022 $177K$118K$59K$174K 990 PDF
FY2021 $108K$103K$6K$128K 990 PDF
FY2020 Viewing $81K$159K−$77K$122K 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 FY2020 990 (4 parts)
Part VIII · Statement of revenue $81,274 across 8 lines filed
VIII-1b Membership dues$34,305
VIII-1e Government grants$12,224
VIII-1h Total contributions, gifts and grants$46,529
VIII-3 Investment incomeExcluded from tax $13,435$13,435
VIII-6 Net rental income or lossRelated to mission $4,550$4,550
VIII-8 Net income from fundraising events$15,733
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,027$1,027
VIII-12 Total revenueRelated to mission $5,577 · Excluded from tax $13,435$81,274
Part IX · Statement of functional expenses $158,626 across 10 lines filed
IX-5 Pay of current officers, directors and key staff$54,489
IX-7 Other salaries and wages$2,755
IX-10 Payroll taxes$6,351
IX-11c Accounting fees$54
IX-11f Investment management fees$1,205
IX-12 Advertising and promotion$5,902
IX-16 Occupancy$8,727
IX-17 Travel$565
IX-23 Insurance$2,125
IX-24 Other expenses (24a–d)$76,453
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$158,626
Part X · Balance sheet $123,536 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $9,150$6,040
X-2 Savings and temporary cash investmentsStart of year $918$918
X-11 Publicly traded securitiesStart of year $189,354$116,578
X-16 Total assetsStart of year $199,686$123,536
X-17 Accounts payable and accrued expenses$1,202
X-26 Total liabilitiesStart of year $0$1,202
X-27 Net assets without donor restrictionsStart of year $199,686$122,334
X-32 Total net assets or fund balancesStart of year $199,686$122,334
X-33 Total liabilities and net assetsStart of year $199,686$123,536
Part XI · Reconciliation of net assets $122,334 net assets at year end
XI-1 Total revenue$81,274
XI-2 Total expenses$158,626
XI-3 Revenue less expenses−$77,352
XI-4 Net assets at start of year$199,686
XI-10 Net assets at end of year$122,334

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

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