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Forx Builders Association FY2021 filing

Not tax-deductible

Grand Forks, ND501(c)(6)EIN 45-0355339Revenue $196K in FY2021

On file with the IRSforxbuilders.com519 Demers Ave, 58201-4528 · Grand Forks, NDTax-exempt since Oct 1995

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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

FY2021 · 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 · 34% of spending
Concern: pay to officers and key staff is 34% of spending; over 30%.
Pt VII · Sec A
Cash reserves
11 mo
of spending, in cash
Looks good: 11.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$234K
55% of total assets
Fine: liabilities are 55% 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
$196K
+85% vs prior year
Spent
$153K
Net assets
$193K
By yearFY2020–FY2024
Revenue
$196K
FY2021▲ +85%
Tap a bar for its year
Revenue by fiscal year
FY2020$106K
FY2021$196K
FY2022$164K
FY2023$222K
FY2024$122K
Expenses
$153K
FY2021▼ -5%
Tap a bar for its year
Expenses by fiscal year
FY2020$162K
FY2021$153K
FY2022$204K
FY2023$237K
FY2024$168K
Net assets
$193K
FY2021▲ +28%
Tap a bar for its year
Net assets by fiscal year
FY2020$150K
FY2021$193K
FY2022$153K
FY2023$137K
FY2024$91K

From the FY2021 Form 990 · see the original

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You’re viewing the FY2021 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
Stacy Hanson
Executive Officer
$52,340Pt VII · Sec A
$0Pt VII · Sec A
Jeff Vonasek
President
$0Pt VII · Sec A
Stacey Kemp
Director
$0Pt VII · Sec A
Jim Sandbeck
Vice President
$0Pt VII · Sec A
Aaron Rosten
Former President
$0Pt VII · Sec A
Nick Corbett
Director
$0Pt VII · Sec A
Mike Salwey
Secretary/Treasurer
$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.

Questions for Forx Builders Association

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Provided by the organization

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1 program · in their own filed words · FY2021
01

Improving conditions in the building industry

Pt IX · col B

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
Grand Forks Foundation for Education INCND · FY2023$10,000

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$196K
Ln 12
Gifts and grantsLn 1h$99K
Other incomeLn 4–11$97K
Investment incomeLn 3$156
Money outPt IX
$153K
Ln 25
Owns and owesPt X
$193K
net assets · Ln 32
Cash and savingsLn 1–2$145K
Total assetsLn 16$427K
LiabilitiesLn 26$234K
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$99K
Government grantsLn 1e$26K
Investment incomeLn 3$156
Other incomeLn 4–11$97K
Total revenueLn 12$196K
Assets in detailPt X, end of year
CashLn 1$20K
SavingsLn 2$125K
Cash and savings togetherLn 1–2$145K
Land, buildings, equipmentLn 10c$107K
Other assetsLn 15$174K
Total assetsLn 16$427K
LiabilitiesLn 26$234K
Net assetsLn 32$193K
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 FY21End FY21
Cash and savingsLn 1–2$96K$145K
Land, buildings, equipmentLn 10c$112K$107K
Total assetsLn 16$346K$427K
LiabilitiesLn 26$195K$234K
Net assetsLn 32$150K$193K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$58K
Payroll taxesLn 10$4K
Accounting feesLn 11c$2K
Office expensesLn 13$3K
OccupancyLn 16$5K
TravelLn 17$1K
Conferences, conventions and meetingsLn 19$4K
InterestLn 20$4K
Depreciation, depletion and amortizationLn 22$4K
Other expenses (24a–d)Ln 24$66K
All other expensesLn 24e$990
Total functional expensesLn 25$153K

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 Viewing $196K$153K$42K$193K 990 PDF
FY2020 $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 FY2021 990 (6 parts)
Part I · Summary $195,729 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $74,450$98,562
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $631$156
I-11 Other revenuePrior year $30,693$97,011
I-12 Total revenuePrior year $105,774$195,729
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 $63,106$61,967
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $98,869$91,293
I-18 Total expensesPrior year $161,975$153,260
I-19 Revenue less expensesPrior year −$56,201$42,469
Part VI · Governance 9 of 9 board members independent, 4 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
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 $195,729 across 8 lines filed
VIII-1b Membership dues$72,750
VIII-1e Government grants$25,812
VIII-1h Total contributions, gifts and grants$98,562
VIII-3 Investment incomeExcluded from tax $156$156
VIII-6 Net rental income or lossExcluded from tax $8,234$8,234
VIII-8 Net income from fundraising eventsExcluded from tax $84,954$84,954
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $2,825 · Unrelated business $998$3,823
VIII-12 Total revenueRelated to mission $2,825 · Unrelated business $998 · Excluded from tax $93,344$195,729
Part IX · Statement of functional expenses $153,260 across 11 lines filed
IX-5 Pay of current officers, directors and key staff$58,004
IX-10 Payroll taxes$3,963
IX-11c Accounting fees$2,290
IX-13 Office expenses$2,954
IX-16 Occupancy$5,276
IX-17 Travel$1,296
IX-19 Conferences, conventions and meetings$4,478
IX-20 Interest$3,928
IX-22 Depreciation, depletion and amortization$4,457
IX-24 Other expenses (24a–d)$65,624
IX-24e All other expenses$990
IX-25 Total functional expenses$153,260
Part X · Balance sheet $426,812 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $9,012$19,594
X-2 Savings and temporary cash investmentsStart of year $86,785$125,408
X-10c Land, buildings and equipment, netStart of year $111,781$107,324
X-15 Other assetsStart of year $137,944$174,486
X-16 Total assetsStart of year $345,522$426,812
X-26 Total liabilitiesStart of year $195,101$233,922
X-27 Net assets without donor restrictionsStart of year $150,421$192,890
X-32 Total net assets or fund balancesStart of year $150,421$192,890
X-33 Total liabilities and net assetsStart of year $345,522$426,812
Part XI · Reconciliation of net assets $192,890 net assets at year end
XI-1 Total revenue$195,729
XI-2 Total expenses$153,260
XI-3 Revenue less expenses$42,469
XI-4 Net assets at start of year$150,421
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$192,890

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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