Forx Builders Association FY2020 filing

Not tax-deductible

Grand Forks, ND501(c)(6)EIN 45-0355339

To address the building requirements, interests and education of our membership in order to provide quality construction to consumers in northeast north dakota and northwest minnesota.

$52K 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
1 of 5
filings with a surplus
Average deficit $23K a year · 14% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Pay to officers and key staff
$52K
to officers and key staff · 32% of spending
Concern: pay to officers and key staff is 32% of spending; over 30%.
Pt VII · Sec A
Cash reserves
7 mo
of spending, in cash
Looks good: 7.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$195K
56% of total assets
Fine: liabilities are 56% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$106K
Spent
$162K
Net assets
$150K
By yearFY2020–FY2024
Revenue
$106K
FY2020
Revenue by fiscal year
FY2020$106K
FY2021$196K
FY2022$164K
FY2023$222K
FY2024$122K
Expenses
$162K
FY2020
Expenses by fiscal year
FY2020$162K
FY2021$153K
FY2022$204K
FY2023$237K
FY2024$168K
Net assets
$150K
FY2020
Net assets by fiscal year
FY2020$150K
FY2021$193K
FY2022$153K
FY2023$137K
FY2024$91K

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 Oct 1995.

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

Who runs it and what they're paid

10 people listed on the 990; $52K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Officer
$52,340Pt VII · Sec A
$0Pt VII · Sec A
Immediate Past President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Stacy Hanson—$28,723$53,405$52,340$52,340
Katie Boespflug$41,173————
Dylan Young$7,011$26,677———

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.

See Forx Builders Association 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

Builds quality construction by educating and supporting members in Northeast North Dakota and Northwest Minnesota.

Provided by the organization

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

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

Improving conditions in the building industry

Pt IX · col B

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Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 1 grant · $10K · 2023–2023

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$106K
Ln 12
Gifts and grantsLn 1h$74K
Other incomeLn 4–11$31K
Investment incomeLn 3$631
Money outPt IX
$162K
Ln 25
Owns and owesPt X
$150K
net assets · Ln 32
Cash and savingsLn 1–2$96K
Total assetsLn 16$346K
LiabilitiesLn 26$195K
PeoplePt VI, VII
10
listed · VII A
PaidVII A1
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$74K
Investment incomeLn 3$631
Other incomeLn 4–11$31K
Total revenueLn 12$106K
Assets in detailPt X, end of year
CashLn 1$9K
SavingsLn 2$87K
Cash and savings togetherLn 1–2$96K
Land, buildings, equipmentLn 10c$112K
Other assetsLn 15$138K
Total assetsLn 16$346K
LiabilitiesLn 26$195K
Net assetsLn 32$150K
OperationsPt I, VI
EmployeesI 51
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 FY20End FY20
Cash and savingsLn 1–2$116K$96K
Land, buildings, equipmentLn 10c$277K$112K
Total assetsLn 16$393K$346K
LiabilitiesLn 26$186K$195K
Net assetsLn 32$207K$150K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$58K
Payroll taxesLn 10$5K
Accounting feesLn 11c$3K
Office expensesLn 13$4K
OccupancyLn 16$6K
TravelLn 17$2K
Conferences, conventions and meetingsLn 19$4K
InterestLn 20$1K
Depreciation, depletion and amortizationLn 22$4K
InsuranceLn 23$2K
Other expenses (24a–d)Ln 24$71K
All other expensesLn 24e$3K
Total functional expensesLn 25$162K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $122K$168K−$46K$91K 990 PDF
FY2023 $222K$237K−$16K$137K 990 PDF
FY2022 $164K$204K−$40K$153K 990 PDF
FY2021 $196K$153K$42K$193K 990 PDF
FY2020 Viewing $106K$162K−$56K$150K 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 $105,774 across 7 lines filed
VIII-1b Membership dues$74,450
VIII-1h Total contributions, gifts and grants$74,450
VIII-3 Investment incomeExcluded from tax $631$631
VIII-6 Net rental income or lossExcluded from tax $5,783$5,783
VIII-8 Net income from fundraising eventsExcluded from tax $19,529$19,529
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $4,508 · Unrelated business $873$5,381
VIII-12 Total revenueRelated to mission $4,508 · Unrelated business $873 · Excluded from tax $25,943$105,774
Part IX · Statement of functional expenses $161,975 across 12 lines filed
IX-5 Pay of current officers, directors and key staff$57,872
IX-10 Payroll taxes$5,234
IX-11c Accounting fees$2,650
IX-13 Office expenses$3,969
IX-16 Occupancy$5,690
IX-17 Travel$1,891
IX-19 Conferences, conventions and meetings$3,619
IX-20 Interest$1,158
IX-22 Depreciation, depletion and amortization$4,457
IX-23 Insurance$1,674
IX-24 Other expenses (24a–d)$71,163
IX-24e All other expenses$2,598
IX-25 Total functional expenses$161,975
Part X · Balance sheet $345,522 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $26,526$9,012
X-2 Savings and temporary cash investmentsStart of year $89,437$86,785
X-10c Land, buildings and equipment, netStart of year $276,899$111,781
X-15 Other assetsStart of year $0$137,944
X-16 Total assetsStart of year $392,862$345,522
X-26 Total liabilitiesStart of year $186,240$195,101
X-27 Net assets without donor restrictionsStart of year $206,622$150,421
X-32 Total net assets or fund balancesStart of year $206,622$150,421
X-33 Total liabilities and net assetsStart of year $392,862$345,522
Part XI · Reconciliation of net assets $150,421 net assets at year end
XI-1 Total revenue$105,774
XI-2 Total expenses$161,975
XI-3 Revenue less expenses−$56,201
XI-4 Net assets at start of year$206,622
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$150,421

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

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