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Magic Valley Builders Association FY2022 filing

Not tax-deductible

Twin Falls, ID501(c)(6)Mutual / membership EIN 82-0314225Revenue $217K in FY2022

On file with the IRSmagicvalleybuilders.orgPo Box 773, 83303-0773 · Twin Falls, IDTax-exempt since Aug 1978

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Assist local homebuilders and home buyers.

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
100¢ 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)(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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $14K a year · 5% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
3 mo
of spending, in cash
Looks good: 3.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
29
of 29 voting members
Looks good: 29 of 29 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$217K
-3% vs prior year
Spent
$221K
To programs
100%
Net assets
$65K
By yearFY2021–FY2025
Revenue
$217K
FY2022▼ -3%
Tap a bar for its year
Revenue by fiscal year
FY2021$225K
FY2022$217K
FY2023$293K
FY2024$360K
FY2025$375K
Expenses
$221K
FY2022▼ -2%
Tap a bar for its year
Expenses by fiscal year
FY2021$225K
FY2022$221K
FY2023$255K
FY2024$341K
FY2025$360K
Net assets
$65K
FY2022▼ -6%
Tap a bar for its year
Net assets by fiscal year
FY2021$69K
FY2022$65K
FY2023$103K
FY2024$122K
FY2025$137K

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 1978.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $221K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation
Deanne Bailey
Secretary
$0Pt VII · Sec A
Cindy Collins
Member at La
$0Pt VII · Sec A
Matt Lancaster
Member at La
$0Pt VII · Sec A
Mandi Riddle
Associate Vi
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
James Wallace
Past Preside
$0Pt VII · Sec A
See Magic Valley 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

Helps local homebuilders and buyers with their projects.

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Provided by the organization

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3 programs · $40K · in their own filed words · FY2022
01

Parade of homes showcases multiple builders and contractors work for the public to come and view.

$40Kprogram expense
02

Golf tournament to support the construction industry in the magic valley.

Pt IX · col B
03

Christmas party to recognize acheivements through out the prior year.

Pt IX · col B

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$217K
Ln 12
Fees for servicesLn 2g$217K
Money outPt IX
$221K
Ln 25
Programscol B$221K
Owns and owesPt X
$65K
net assets · Ln 32
Cash and savingsLn 1–2$56K
Total assetsLn 16$65K
LiabilitiesLn 26$0
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a29
IndependentVI 1b29
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$217K
Total revenueLn 12$217K
Assets in detailPt X, end of year
CashLn 1$9K
SavingsLn 2$47K
Cash and savings togetherLn 1–2$56K
Total assetsLn 16$65K
LiabilitiesLn 26$0
Net assetsLn 32$65K
OperationsPt I, VI
EmployeesI 51
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 FY22End FY22
Cash and savingsLn 1–2$61K$56K
Total assetsLn 16$69K$65K
LiabilitiesLn 26$0$0
Net assetsLn 32$69K$65K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$40K$40K
Accounting feesLn 11c$2K$2K
Advertising and promotionLn 12$51K$51K
Office expensesLn 13$10K$10K
TravelLn 17$12K$12K
Conferences, conventions and meetingsLn 19$105K$105K
Other expenses (24a–d)Ln 24$1K$1K
Total functional expensesLn 25$221K$221K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $375K$360K$16K$137K 990 PDF
FY2024 $360K$341K$19K$122K 990 PDF
FY2023 $293K$255K$38K$103K 990 PDF
FY2022 Viewing $217K$221K−$5K$65K 990 PDF
FY2021 $225K$225K−$324$69K 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 O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $216,736 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $224,570$216,736
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $224,570$216,736
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $37,444$39,874
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $187,450$181,366
I-18 Total expensesPrior year $224,894$221,240
I-19 Revenue less expensesPrior year −$324−$4,504
Part VI · Governance 29 of 29 board members independent, 4 to look at
VI-1a Voting members of the governing body29
VI-1b Independent voting members29
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 $216,736 across 2 lines filed
Lines not itemized here account for −$6,170 of total revenue; see the IRS return.
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $222,906$222,906
VIII-12 Total revenueRelated to mission $216,736$216,736
Part IX · Statement of functional expenses $221,240 across 7 lines filed
IX-7 Other salaries and wagesPrograms $39,874$39,874
IX-11c Accounting feesPrograms $2,434$2,434
IX-12 Advertising and promotionPrograms $50,572$50,572
IX-13 Office expensesPrograms $10,273$10,273
IX-17 TravelPrograms $12,214$12,214
IX-19 Conferences, conventions and meetingsPrograms $104,873$104,873
IX-24 Other expenses (24a–d)Programs $1,000$1,000
IX-25 Total functional expensesPrograms $221,240 · Management $0 · Fundraising $0$221,240
Part X · Balance sheet $64,921 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $9,129$9,152
X-2 Savings and temporary cash investmentsStart of year $51,767$47,239
X-4 Accounts receivableStart of year $8,529$8,530
X-16 Total assetsStart of year $69,425$64,921
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $69,425$64,921
X-33 Total liabilities and net assetsStart of year $69,425$64,921
Part XI · Reconciliation of net assets $64,921 net assets at year end
XI-1 Total revenue$216,736
XI-2 Total expenses$221,240
XI-3 Revenue less expenses−$4,504
XI-4 Net assets at start of year$69,425
XI-10 Net assets at end of year$64,921

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

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