Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $201,496

• 1d · Related organizations

  $125,000

• 1f · All other contributions, gifts and grants

  $331,060

• 1g · Noncash contributions included above

  $208,219

• 3 · Investment income

  total $38,191 · excluded $38,191

• 7a · Gross sales of assets other than inventory

  securities $172,004

• 7b · Less cost or other basis and sales expenses

  securities $144,235

• 7c · Gain or loss

  securities $27,769

• 7d · Net gain or loss

  total $27,769 · excluded $27,769

• 8a · Fundraising events: gross income

  $319,803

• 8a · Fundraising events: contributions included on line 1c

  $201,496

• 8b · Fundraising events: direct expenses

  $150,615

• 8c · Net income from fundraising events

  total $169,188 · excluded $169,188

• 9a · Gaming: gross income

  $24,940

• 9b · Gaming: direct expenses

  $4,950

• 9c · Net income from gaming

  total $19,990 · excluded $19,990

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $25,129 · program services $10,051 · management and general $4,775 · fundraising $10,303

• 7 · Other salaries and wages

  total $135,605 · program services $54,308 · management and general $26,248 · fundraising $55,049

• 9 · Other employee benefits

  total $6,822 · program services $2,889 · management and general $1,215 · fundraising $2,718

• 10 · Payroll taxes

  total $13,482 · program services $5,399 · management and general $2,602 · fundraising $5,481

• 11a · Fees: management

  total $60,000 · program services $24,025 · management and general $11,581 · fundraising $24,394

• 11b · Fees: legal

  total $8,232 · management and general $8,232

• 11c · Fees: accounting

  total $8,941 · management and general $8,941

• 11g · Fees: other

  total $13,580 · program services $12,671 · management and general $909

• 13 · Office expenses

  total $13,569 · program services $1,521 · management and general $11,574 · fundraising $474

• 17 · Travel

  total $1,742 · program services $587 · management and general $559 · fundraising $596

• 24a · Other expenses: CONSTRUCTION COSTS

  total $450,451 · program services $450,451

• 24b · Other expenses: DONATED MATERIALS AND S

  total $280,529 · program services $280,529

• 24c · Other expenses: FUNDRAISING EXPENSE

  total $29,147 · fundraising $29,147

• 24d · Other expenses: MISC. EXPENSES

  total $6,506 · program services $2,561 · management and general $1,345 · fundraising $2,600

• 24e · All other expenses

  total $568 · management and general $568

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $397,629 · end of year $265,857

• 2 · Savings and temporary cash investments

  end of year $267,398

• 4 · Accounts receivable

  beginning of year $22,893 · end of year $97,362

• 9 · Prepaid expenses and deferred charges

  beginning of year $9,102 · end of year $14,907

• 10a · Land, buildings and equipment: cost or other basis

  $1,196

• 10b · Land, buildings and equipment: accumulated depreciation

  $1,196

• 10c · Land, buildings and equipment, net

  beginning of year $0 · end of year $0

• 11 · Investments: publicly traded securities

  beginning of year $1,343,204 · end of year $1,153,523

• 15 · Other assets

  beginning of year $17,478 · end of year $20,259

• 17 · Accounts payable and accrued expenses

  beginning of year $260,071 · end of year $523,104

• 19 · Deferred revenue

  end of year $50,450

• 27 · Net assets without donor restrictions

  beginning of year $1,530,235 · end of year $1,245,752

The filer's explanations (Part III)

PART I, LINE 4A

DAVID SIEGEL, FORMER EXECUTIVE DIRECTOR, RECEIVED A SEVERANCE AGREEMENT IN THE CURRENT YEAR OF $210,827 FROM BUILDERS ASSOCIATION OF THE TWIN CITIES.