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Batc Foundation FY2022 filing

Tax-deductible

Roseville, MN501(c)(3)Unclassified EIN 41-1802616Revenue $913K in FY2022

On file with the IRShousingfirstmnfoundation.org2960 Centre Pointe Dr, 55113-1182 · Roseville, MNTax-exempt since May 1997Publicly supported charity — 170(b)(1)(A)(vi)

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To work in partnership with others to provide safe, durable, affordable housing for minnesota's homeless, veterans and others in need. As the charitable arm of Batc-housing first minnesota, the Foundation partners with local homeless service providers and taps the talents and resources of the association's member builders, remodelers, suppliers, and volunteers to build new or renovate existing transitional housing facilities for those experiencing homelessness.

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

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FY2022 · 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
4 of 5
filings with a surplus
Average surplus $285K a year · 28% of revenue · last 5 filings
Fine: a surplus in 4 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
Cash reserves
6 mo
of spending, in cash
Plus $1.2M in investments, Pt X · Ln 11–13
Looks good: 6.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
6
named funders · $102K
Looks good: 6 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$574K
32% of total assets
Looks good: liabilities are 32% of assets; 50% or less.
Pt X · Ln 26
Independent board members
18
of 18 voting members
Looks good: 18 of 18 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$913K
+18% vs prior year
Spent
$1.1M
To programs
80%
Net assets
$1.2M
By yearFY2020–FY2024
Revenue
$913K
FY2022▲ +18%
Tap a bar for its year
Revenue by fiscal year
FY2020$683K
FY2021$774K
FY2022$913K
FY2023$1.1M
FY2024$1.7M
Expenses
$1.1M
FY2022▲ +82%
Tap a bar for its year
Expenses by fiscal year
FY2020$661K
FY2021$580K
FY2022$1.1M
FY2023$956K
FY2024$427K
Net assets
$1.2M
FY2022▼ -19%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.3M
FY2021$1.5M
FY2022$1.2M
FY2023$1.5M
FY2024$2.8M

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 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 May 1997.

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% · $845K Management & general 7% · $79K Fundraising 12% · $131K

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

21 people listed on the 990.

Part VII, Section A · reportable compensation
Kate Hamilton
President
$0Pt VII · Sec A
Jim Fuschetto
President Elect
$0Pt VII · Sec A
Meg Jaeger
Treasurer
$0Pt VII · Sec A
Jeremy Larson
Secretary
$0Pt VII · Sec A
Paul Roecker
Immediate Past President
$0Pt VII · Sec A
Jody Kern
Immediate Past President
$0Pt VII · Sec A
Bob Bennett
Director
$0Pt VII · Sec A
Sunny Bowman
Director
$0Pt VII · Sec A
See Batc 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 15aYes

Programs and updates

Builds and renovates safe, affordable housing for Minnesota's homeless and veterans.

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Provided by the organization

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1 program · $845K · in their own filed words · FY2022
01

Community build projects-housing for heroes the foundation funded four community build projects with build partner lennar for the minnesota assistance council for veterans (macv) to serve as supportive housing for veterans and their families experiencing homelessness.

$845Kprogram 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 · FY2024
Builders Association of the Twin CitiesFY2024$50K
Hugh J Andersen FoundationFY2024$20K
Centerpoint Energy Foundation INCFY2024$15K
American Online Giving Foundation INCFY2024$7K
Fidelity Investments Charitable Gift FundFY2024$6K
Donor Advised Charitable Giving INCFY2024$5K
Total grants receivedfrom 6 funders$102K
See all 6 funders →
Grants paid · 1 grant · $15K · 2020–2020
Unitemized GrantFY2020$15,000

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$913K
Ln 12
Gifts and grantsLn 1h$658K
Other incomeLn 4–11$189K
Investment incomeLn 3$66K
Money outPt IX
$1.1M
Ln 25
Programscol B$845K
Managementcol C$79K
Fundraisingcol D$131K
Owns and owesPt X
$1.2M
net assets · Ln 32
Cash and savingsLn 1–2$533K
Total assetsLn 16$1.8M
LiabilitiesLn 26$574K
PeoplePt VI, VII
21
listed · VII A
PaidVII A0
Voting boardVI 1a18
IndependentVI 1b18
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$658K
Noncash giftsLn 1g$208K
Fundraising eventsLn 1c$201K
Investment incomeLn 3$66K
Other incomeLn 4–11$189K
Gains on assetsLn 7$28K
Total revenueLn 12$913K
Assets in detailPt X, end of year
CashLn 1$266K
SavingsLn 2$267K
Cash and savings togetherLn 1–2$533K
InvestmentsLn 11–13$1.2M
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$20K
Total assetsLn 16$1.8M
LiabilitiesLn 26$574K
Net assetsLn 32$1.2M
OperationsPt I, VI
EmployeesI 50
VolunteersI 617
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 FY22End FY22
Cash and savingsLn 1–2$398K$533K
InvestmentsLn 11–13$1.3M$1.2M
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$1.8M$1.8M
LiabilitiesLn 26$260K$574K
Net assetsLn 32$1.5M$1.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$25K$10K$5K$10K
Other salaries and wagesLn 7$136K$54K$26K$55K
Other employee benefitsLn 9$7K$3K$1K$3K
Payroll taxesLn 10$13K$5K$3K$5K
Management feesLn 11a$60K$24K$12K$24K
Legal feesLn 11b$8K$8K
Accounting feesLn 11c$9K$9K
Other fees for servicesLn 11g$14K$13K$909
Office expensesLn 13$14K$2K$12K$474
TravelLn 17$2K$587$559$596
Other expenses (24a–d)Ln 24$767K$734K$1K$32K
All other expensesLn 24e$568$568
Total functional expensesLn 25$1.1M$845K$79K$131K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.7M$427K$1.2M$2.8M 990 PDF
FY2023 $1.1M$956K$123K$1.5M 990 PDF
FY2022 Viewing $913K$1.1M−$142K$1.2M 990 PDF
FY2021 $774K$580K$194K$1.5M 990 PDF
FY2020 $683K$661K$23K$1.3M 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 M · Noncash O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $912,694 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $513,940$657,556
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $85,272$65,960
I-11 Other revenuePrior year $174,396$189,178
I-12 Total revenuePrior year $773,608$912,694
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 $176,559$181,038
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $403,486$873,265
I-18 Total expensesPrior year $580,045$1,054,303
I-19 Revenue less expensesPrior year $193,563−$141,609
Part VI · Governance 18 of 18 board members independent, no flags
VI-1a Voting members of the governing body18
VI-1b Independent voting members18
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
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $912,694 across 9 lines filed
Lines not itemized here account for $19,990 of total revenue; see the IRS return.
VIII-1c Fundraising events$201,496
VIII-1d Related organizations$125,000
VIII-1f All other contributions, gifts and grants$331,060
VIII-1g Noncash contributions (included above)$208,219
VIII-1h Total contributions, gifts and grants$657,556
VIII-3 Investment incomeExcluded from tax $38,191$38,191
VIII-7 Net gain or loss on sales of assetsExcluded from tax $27,769$27,769
VIII-8 Net income from fundraising eventsExcluded from tax $169,188$169,188
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $255,138$912,694
Part IX · Statement of functional expenses $1,054,303 across 12 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $10,051 · Management $4,775 · Fundraising $10,303$25,129
IX-7 Other salaries and wagesPrograms $54,308 · Management $26,248 · Fundraising $55,049$135,605
IX-9 Other employee benefitsPrograms $2,889 · Management $1,215 · Fundraising $2,718$6,822
IX-10 Payroll taxesPrograms $5,399 · Management $2,602 · Fundraising $5,481$13,482
IX-11a Management feesPrograms $24,025 · Management $11,581 · Fundraising $24,394$60,000
IX-11b Legal feesManagement $8,232$8,232
IX-11c Accounting feesManagement $8,941$8,941
IX-11g Other fees for servicesPrograms $12,671 · Management $909$13,580
IX-13 Office expensesPrograms $1,521 · Management $11,574 · Fundraising $474$13,569
IX-17 TravelPrograms $587 · Management $559 · Fundraising $596$1,742
IX-24 Other expenses (24a–d)Programs $733,541 · Management $1,345 · Fundraising $31,747$766,633
IX-24e All other expensesManagement $568$568
IX-25 Total functional expensesPrograms $844,992 · Management $78,549 · Fundraising $130,762$1,054,303
Part X · Balance sheet $1,819,306 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $397,629$265,857
X-2 Savings and temporary cash investments$267,398
X-4 Accounts receivableStart of year $22,893$97,362
X-9 Prepaid expenses and deferred chargesStart of year $9,102$14,907
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $1,343,204$1,153,523
X-15 Other assetsStart of year $17,478$20,259
X-16 Total assetsStart of year $1,790,306$1,819,306
X-17 Accounts payable and accrued expensesStart of year $260,071$523,104
X-19 Deferred revenue$50,450
X-26 Total liabilitiesStart of year $260,071$573,554
X-27 Net assets without donor restrictionsStart of year $1,530,235$1,245,752
X-32 Total net assets or fund balancesStart of year $1,530,235$1,245,752
X-33 Total liabilities and net assetsStart of year $1,790,306$1,819,306
Part XI · Reconciliation of net assets $1,245,752 net assets at year end
XI-1 Total revenue$912,694
XI-2 Total expenses$1,054,303
XI-3 Revenue less expenses−$141,609
XI-4 Net assets at start of year$1,530,235
XI-5 Net unrealized gains (losses) on investments−$309,591
XI-6 Donated services and use of facilities$166,717
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,245,752

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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