Peninsula Builders Exchange FY2020 filing

Belmont, CAUnknown exempt organizationEIN 94-1050622Revenue $228K in FY2020

On file with the IRS282 Harbor Blvd Bldg D · Belmont, CA

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Non Profit Association Which Serves Firms Directly Related To The Construction Industry

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

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2022
latest Form 990
Worth a look: the latest return is for FY2022, 4 tax years back; more than 3 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 2
filings with a surplus
Average deficit $1.4M a year · 720% of revenue · last 2 filings
Concern: a surplus in 0 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
0.6%
of spending
Concern: 1% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 2.1 months of spending in cash; 1 to 3.
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
0
of 17 voting members
Concern: none of 17 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$228K
Spent
$1.6M
To programs
0.6%
Net assets
$1.7M
By yearFY2020–FY2022
Revenue
$228K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$228K
FY2021$152K
FY2022$7K
Expenses
$1.6M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$1.6M
FY2021$1.6M
FY2022Not on file
Net assets
$1.7M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$1.7M
FY2021$266K
FY2022Not on file

From the FY2020 Form 990 (year ending June 2020) · see the original

Form 990 (PDF) Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2022) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2022.

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

Where the money goes

1 cents of each dollar spent went to programs.

Program services 1% · $10K Management & general 99% · $1.5M

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

17 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Peninsula 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 15aNo

Programs and updates

Supports businesses involved in the construction industry.

Provided by the organization

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1 program · in their own filed words · FY2019
01

Printing Bulletins And Directly Advertising

Pt IX · col B

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$228K
Ln 12
Investment incomeLn 3$181K
Gifts and grantsLn 1h$35K
Other incomeLn 4–11$12K
Money outPt IX
$1.6M
Ln 25
Programscol B$10K
Managementcol C$1.5M
Owns and owesPt X
$1.7M
net assets · Ln 32
Cash and savingsLn 1–2$276K
Total assetsLn 16$1.7M
LiabilitiesLn 26$0
PeoplePt VI, VII
17
listed · VII A
PaidVII A0
Voting boardVI 1a17
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$35K
Fees for servicesLn 2g$55
Investment incomeLn 3$181K
Other incomeLn 4–11$12K
Gains on assetsLn 7$97K
Total revenueLn 12$228K
Assets in detailPt X, end of year
CashLn 1$276K
SavingsLn 2$0
Cash and savings togetherLn 1–2$276K
InvestmentsLn 11–13$1.5M
Land, buildings, equipmentLn 10c$8K
Other assetsLn 15$347
Total assetsLn 16$1.7M
LiabilitiesLn 26$0
Net assetsLn 32$1.7M
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderJune
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$147K$276K
InvestmentsLn 11–13$2.9M$1.5M
Land, buildings, equipmentLn 10c$8K$8K
Total assetsLn 16$3.1M$1.7M
LiabilitiesLn 26$0$0
Net assetsLn 32$3.1M$1.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$982K$982K
Pension plan contributionsLn 8$149K$149K
Other employee benefitsLn 9$71K$71K
Payroll taxesLn 10$40K$40K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$5K$5K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$25K$25K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$83K$83K
TravelLn 17$117K$117K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$14K$14K
Other expenses (24a–d)Ln 24$64K$10K$55K
All other expensesLn 24e$9K$9K
Total functional expensesLn 25$1.6M$10K$1.5M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest $7K 990 PDF
FY2021 $152K$1.6M−$1.4M$266K 990 PDF
FY2020 Viewing $228K$1.6M−$1.3M$1.7M 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 (6 parts)
Part I · Summary $228,401 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $39,100$35,060
I-9 Program service revenuePrior year $30$55
I-10 Investment incomePrior year $279,253$181,334
I-11 Other revenuePrior year −$85,301$11,952
I-12 Total revenuePrior year $233,082$228,401
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $1,074,500$1,242,724
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $429,781$316,557
I-18 Total expensesPrior year $1,504,281$1,559,281
I-19 Revenue less expensesPrior year −$1,271,199−$1,330,880
Part VI · Governance 0 of 17 board members independent, 4 to look at
VI-1a Voting members of the governing body17
VI-1b Independent voting members0
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 $228,401 across 10 lines filed
VIII-1b Membership dues$35,060
VIII-1h Total contributions, gifts and grants$35,060
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Excluded from tax $55$55
VIII-3 Investment incomeRelated to mission $84,121$84,121
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assetsRelated to mission $97,213$97,213
VIII-8 Net income from fundraising events−$124,738
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business $136,690$136,690
VIII-12 Total revenueRelated to mission $181,334 · Unrelated business $136,690 · Excluded from tax $55$228,401
Part IX · Statement of functional expenses $1,559,281 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesManagement $982,353$982,353
IX-8 Pension plan contributionsManagement $148,557$148,557
IX-9 Other employee benefitsManagement $71,341$71,341
IX-10 Payroll taxesManagement $40,473$40,473
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $4,825$4,825
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotion$0
IX-13 Office expensesManagement $24,927$24,927
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyManagement $82,623$82,623
IX-17 TravelManagement $117,081$117,081
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsuranceManagement $14,219$14,219
IX-24 Other expenses (24a–d)Programs $9,744 · Management $54,522$64,266
IX-24e All other expensesManagement $8,616$8,616
IX-25 Total functional expensesPrograms $9,744 · Management $1,549,537 · Fundraising $0$1,559,281
Part X · Balance sheet $1,742,669 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $146,801$275,751
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, netStart of year $7,784$7,784
X-11 Publicly traded securitiesStart of year $2,918,617$1,458,787
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $347$347
X-16 Total assetsStart of year $3,073,549$1,742,669
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $3,073,549$1,742,669
X-32 Total net assets or fund balancesStart of year $3,073,549$1,742,669
X-33 Total liabilities and net assetsStart of year $3,073,549$1,742,669
Part XI · Reconciliation of net assets $1,742,669 net assets at year end
XI-1 Total revenue$228,401
XI-2 Total expenses$1,559,281
XI-3 Revenue less expenses−$1,330,880
XI-4 Net assets at start of year$3,073,549
XI-10 Net assets at end of year$1,742,669

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

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