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Builders Exchange FY2023 filing

Not tax-deductible

Memphis, TN501(c)(6)EIN 62-0143990Revenue $274K in FY2023

On file with the IRSmemphisbx.com642 S Cooper St, 38104-5353 · Memphis, TNTax-exempt since Jul 1962

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To provide education and support to the construction industry through use of plans room and access to plans and construction projects

75¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

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FY2023 · 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
2 of 5
filings with a surplus
Average deficit $5K a year · 1% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
75%
of spending
Looks good: 75% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
12 mo
of spending, in cash
Looks good: 12.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$6K
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$274K
-10% vs prior year
Spent
$306K
To programs
75%
Net assets
$513K
By yearFY2020–FY2024
Revenue
$274K
FY2023▼ -10%
Tap a bar for its year
Revenue by fiscal year
FY2020$349K
FY2021$329K
FY2022$305K
FY2023$274K
FY2024$283K
Expenses
$306K
FY2023▼ -19%
Tap a bar for its year
Expenses by fiscal year
FY2020$288K
FY2021$296K
FY2022$378K
FY2023$306K
FY2024$294K
Net assets
$513K
FY2023▼ -6%
Tap a bar for its year
Net assets by fiscal year
FY2020$584K
FY2021$618K
FY2022$545K
FY2023$513K
FY2024$501K

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 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 Jul 1962.

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

Where the money goes

75 cents of each dollar spent went to programs.

Program services 75% · $230K Management & general 25% · $76K

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

10 people listed on the 990.

Part VII, Section A · reportable compensation
Don Sloan
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
Don Hanks
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
Keith Harrell
Treasurer
$0Pt VII · Sec A
Ed Leet
President
$0Pt VII · Sec A
Mike Jones
House Chair
$0Pt VII · Sec A
Stephen Brown
1st Vice President
$0Pt VII · Sec A
See Builders Exchange 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

Offers construction industry education and project access through a plans room.

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Provided by the organization

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1 program · $230K · in their own filed words · FY2023
01

Provided education and support to the construction industry through use of plans, private plans room, seminars, and accessto plans and construction projects

$230Kprogram expense

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$274K
Ln 12
Gifts and grantsLn 1h$237K
Other incomeLn 4–11$33K
Investment incomeLn 3$3K
Money outPt IX
$306K
Ln 25
Programscol B$230K
Managementcol C$76K
Owns and owesPt X
$513K
net assets · Ln 32
Cash and savingsLn 1–2$314K
Total assetsLn 16$519K
LiabilitiesLn 26$6K
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$237K
Investment incomeLn 3$3K
Other incomeLn 4–11$33K
Total revenueLn 12$274K
Assets in detailPt X, end of year
CashLn 1$119K
SavingsLn 2$195K
Cash and savings togetherLn 1–2$314K
Land, buildings, equipmentLn 10c$190K
Total assetsLn 16$519K
LiabilitiesLn 26$6K
Net assetsLn 32$513K
OperationsPt I, VI
EmployeesI 52
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 FY23End FY23
Cash and savingsLn 1–2$357K$314K
Land, buildings, equipmentLn 10c$184K$190K
Total assetsLn 16$551K$519K
LiabilitiesLn 26$6K$6K
Net assetsLn 32$545K$513K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Benefits paid to or for membersLn 4$57K$57K
Other salaries and wagesLn 7$106K$85K$21K
Other employee benefitsLn 9$15K$12K$3K
Payroll taxesLn 10$9K$7K$2K
Legal feesLn 11b$3K$1K$1K
Accounting feesLn 11c$4K$2K$2K
Advertising and promotionLn 12$13K$13K
Office expensesLn 13$8K$4K$5K
OccupancyLn 16$31K$15K$15K
Depreciation, depletion and amortizationLn 22$5K$3K$3K
InsuranceLn 23$9K$4K$4K
Other expenses (24a–d)Ln 24$35K$21K$14K
All other expensesLn 24e$10K$5K$5K
Total functional expensesLn 25$306K$230K$76K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $283K$294K−$12K$501K 990 PDF
FY2023 Viewing $274K$306K−$32K$513K 990 PDF
FY2022 $305K$378K−$73K$545K 990 PDF
FY2021 $329K$296K$33K$618K 990 PDF
FY2020 $349K$288K$61K$584K 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 FY2023 990 (6 parts)
Part I · Summary $273,692 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $257,580$236,942
I-9 Program service revenue$0
I-10 Investment incomePrior year $3,313$3,308
I-11 Other revenuePrior year $44,318$33,442
I-12 Total revenuePrior year $305,211$273,692
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to membersPrior year $54,318$57,002
I-15 Salaries and benefitsPrior year $129,039$129,964
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $194,747$118,956
I-18 Total expensesPrior year $378,104$305,922
I-19 Revenue less expensesPrior year −$72,893−$32,230
Part VI · Governance 10 of 10 board members independent, 3 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $273,692 across 4 lines filed
Lines not itemized here account for $33,442 of total revenue; see the IRS return.
VIII-1b Membership dues$236,942
VIII-1h Total contributions, gifts and grants$236,942
VIII-3 Investment incomeRelated to mission $3,308$3,308
VIII-12 Total revenueRelated to mission $3,308 · Unrelated business $33,442 · Excluded from tax $0$273,692
Part IX · Statement of functional expenses $305,922 across 13 lines filed
IX-4 Benefits paid to or for membersPrograms $57,002$57,002
IX-7 Other salaries and wagesPrograms $84,722 · Management $21,180$105,902
IX-9 Other employee benefitsPrograms $12,313 · Management $3,078$15,391
IX-10 Payroll taxesPrograms $6,937 · Management $1,734$8,671
IX-11b Legal feesPrograms $1,440 · Management $1,440$2,880
IX-11c Accounting feesPrograms $2,250 · Management $2,250$4,500
IX-12 Advertising and promotionPrograms $13,148$13,148
IX-13 Office expensesPrograms $3,612 · Management $4,856$8,468
IX-16 OccupancyPrograms $15,373 · Management $15,373$30,746
IX-22 Depreciation, depletion and amortizationPrograms $2,729 · Management $2,729$5,458
IX-23 InsurancePrograms $4,291 · Management $4,290$8,581
IX-24 Other expenses (24a–d)Programs $20,958 · Management $14,374$35,332
IX-24e All other expensesPrograms $5,090 · Management $4,753$9,843
IX-25 Total functional expensesPrograms $229,865 · Management $76,057 · Fundraising $0$305,922
Part X · Balance sheet $518,902 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $165,325$118,869
X-2 Savings and temporary cash investmentsStart of year $191,803$195,017
X-4 Accounts receivableStart of year $5,604$11,063
X-9 Prepaid expenses and deferred chargesStart of year $3,772$3,979
X-10c Land, buildings and equipment, netStart of year $184,097$189,974
X-16 Total assetsStart of year $550,601$518,902
X-25 Other liabilitiesStart of year $5,813$6,344
X-26 Total liabilitiesStart of year $5,813$6,344
X-32 Total net assets or fund balancesStart of year $544,788$512,558
X-33 Total liabilities and net assetsStart of year $550,601$518,902
Part XI · Reconciliation of net assets $512,558 net assets at year end
XI-1 Total revenue$273,692
XI-2 Total expenses$305,922
XI-3 Revenue less expenses−$32,230
XI-4 Net assets at start of year$544,788
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$512,558

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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