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← BUILDERS ASSOCIATION OF THE TWIN CITIES

Form 990 for tax year 2022

Filed by BUILDERS ASSOCIATION OF THE TWIN CITIES.

Totals

Total revenue
$6,235,898
Total expenses
$6,682,513
Contributions and grants received
$43,415
Grants paid
$146,000
Program service revenue
$5,948,710
Investment income
-$78,209
Other revenue
$321,982
Total assets, end of year
$15,562,806
Total liabilities, end of year
$1,391,449
Net assets or fund balances, end of year
$14,171,357
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $43,415

  • 2a · Program service revenue: HOME TOUR EVENTS

    total $2,986,559 · related or exempt $2,986,559

  • 2b · Program service revenue: ADVERTISING

    total $1,581,208 · related or exempt $5,817 · unrelated business $1,575,391

  • 2c · Program service revenue: SPONSORSHIPS

    total $486,843 · related or exempt $486,843

  • 2d · Program service revenue: REGISTRATION & EXHIBITOR FEES

    total $476,256 · related or exempt $476,256

  • 2e · Program service revenue: DUES

    total $417,844 · related or exempt $417,844

  • 3 · Investment income

    total $416,185 · excluded $416,185

  • 7a · Gross sales of assets other than inventory

    securities $9,536,100

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

    securities $10,030,494

  • 7c · Gain or loss

    securities -$494,394

  • 7d · Net gain or loss

    total -$494,394 · excluded -$494,394

  • 8a · Fundraising events: gross income

    $86,995

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

    $43,415

  • 8b · Fundraising events: direct expenses

    $43,046

  • 8c · Net income from fundraising events

    total $43,949 · excluded $43,949

  • 11a · Other revenue: OTHER INCOME

    total $278,033 · unrelated business $15,152 · excluded $262,881

  • 11e · Other revenue, total

    $278,033

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $146,000

  • 5 · Compensation of officers, directors and key employees

    total $813,781

  • 7 · Other salaries and wages

    total $1,362,407

  • 8 · Pension plan contributions

    total $65,688

  • 9 · Other employee benefits

    total $126,242

  • 10 · Payroll taxes

    total $141,556

  • 11a · Fees: management

    total $6,000

  • 11b · Fees: legal

    total $79,104

  • 11c · Fees: accounting

    total $37,730

  • 11d · Fees: lobbying

    total $50,183

  • 11f · Fees: investment management

    total $49,057

  • 11g · Fees: other

    total $106,760

  • 12 · Advertising and promotion

    total $1,855,613

  • 13 · Office expenses

    total $228,978

  • 14 · Information technology

    total $254,016

  • 16 · Occupancy

    total $138,101

  • 17 · Travel

    total $8,929

  • 19 · Conferences, conventions and meetings

    total $404,916

  • 22 · Depreciation, depletion and amortization

    total $237,579

  • 23 · Insurance

    total $21,360

  • 24a · Other expenses: HOME SHOWS

    total $318,211

  • 24b · Other expenses: OTHER SERVICES

    total $225,791

  • 24c · Other expenses: MEMBERSHIP SERVICES

    total $4,511

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $849,734 · end of year $1,236,975

  • 2 · Savings and temporary cash investments

    beginning of year $225,502 · end of year $521

  • 4 · Accounts receivable

    beginning of year $68,802 · end of year $181,363

  • 9 · Prepaid expenses and deferred charges

    beginning of year $148,490 · end of year $158,694

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

    $3,926,179

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

    $2,393,941

  • 10c · Land, buildings and equipment, net

    beginning of year $1,668,790 · end of year $1,532,238

  • 11 · Investments: publicly traded securities

    beginning of year $13,702,934 · end of year $12,453,015

  • 17 · Accounts payable and accrued expenses

    beginning of year $431,772 · end of year $494,515

  • 19 · Deferred revenue

    beginning of year $510,993 · end of year $896,934

  • 27 · Net assets without donor restrictions

    beginning of year $15,721,487 · end of year $14,171,357

Mission and programs · 2022

Mission

PROVIDING HOMEOWNERSHIP OPPORTUNITIES FOR ALL MINNESOTANS. SIGNIFICANT ACTIVITIES INCLUDE HOME TOURS THAT ELEVATE AND PROMOTE THE HOMEBUILDING INDUSTRY, GOVERNMENT AFFAIRS AND ADVOCACY ACTIVITIES CREATE A UNIFIED VOICE FOR HOMEBUILDERS RELATING TO REGULATIONS.

Activities or mission (Part I)

HELPING OUR MEMBERS BUILD THEIR BUSINESSES THROUGH MARKETING, ADVOCACY AND INDUSTRY CONNECTIONS.

  • PARADE OF HOMES AND RELATED HOME TOURS ELEVATE AND PROMOTE THE HOMEBUILDING INDUSTRY.

  • GOVERNMENT AFFAIR AND ADVOCACY ACTIVITIES CREATE A UNIFIED VOICE FOR HOMEBUILDERS RELATING TO REGULATIONS.

  • BUILDERS AND REMODELERS SHOW IS A TRADE SHOW DESIGNED TO PROMOTE THE INDUSTRY BY DISPLAYING THE LATEST PRODUCTS AND SERVICES DESIGNED TO ASSIST THE HOMEBUILDING INDUSTRY.

As filed on the 2022 return.

Listed in Part VII

  • JAMES JULKOWSKI

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • JOHN QUINLIVAN

    BUILDER VICE-PRESIDENT

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • SUNNY BOWMAN

    ASSOCIATE VICE-PRESIDENT

    Total calculated
    $0
    Hours/week
    2 + 2.5 related

  • ART PRATT

    TREASURER

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • DALE LOEFFLER

    SECRETARY

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • TODD POLIFKA

    IMMEDIATE PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    2 + 0.5 related

  • RYAN RUTZICK

    PAST ASSOCIATE VP

    Total calculated
    $0
    Hours/week
    2 + 0.5 related

  • TONY WIENER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JOHN KRAEMER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JAMIE THARP

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • SARAH DULONG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • SHAWN NELSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • SAMANTHA GROSE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • TIM FOHR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • PETER MARTIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • KRISTIN REINITZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • KIRK VAN SLOOTEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • DAVID SIEGEL

    EXECUTIVE DIRECTOR - PART YEAR

    Total calculated
    $348,254
    From this org
    $335,203
    From related orgs
    $0
    Other
    $13,051
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $109,376
    Bonus
    $15,000
    Other
    $210,827
    Deferred
    $6,084
    Nontaxable benefits
    $6,967
    Filer's total
    $348,254

  • JAMES VAGLE

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $275,944
    From this org
    $254,677
    From related orgs
    $0
    Other
    $21,267
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $226,677
    Bonus
    $28,000
    Other
    $0
    Deferred
    $12,546
    Nontaxable benefits
    $8,721
    Filer's total
    $275,944

  • JANICE MEYER

    CHIEF OPERATING OFFICER

    Total calculated
    $189,583
    From this org
    $167,429
    From related orgs
    $0
    Other
    $22,154
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $154,429
    Bonus
    $13,000
    Other
    $0
    Deferred
    $8,371
    Nontaxable benefits
    $13,783
    Filer's total
    $189,583

  • NICK ERICKSON

    SR. DIRECTOR, HOUSING POLICY

    Total calculated
    $143,446
    From this org
    $129,535
    From related orgs
    $0
    Other
    $13,911
    Hours/week
    40 + 0.5 related

  • DAWNITA PARMELY

    VP OF MARKETING & CREATIVE

    Total calculated
    $134,148
    From this org
    $119,761
    From related orgs
    $0
    Other
    $14,387
    Hours/week
    40 + 0.5 related

  • KATIE ELFSTROM

    VP OF PUBLIC AFFAIRS

    Total calculated
    $116,506
    From this org
    $104,175
    From related orgs
    $0
    Other
    $12,331
    Hours/week
    40 + 0.5 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment

Answered no

  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

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.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • BATC FOUNDATION

    501(C)(3) · AFFORDABLE HOUSING · MN · controlled entity

    Directly controlled by BUILDERS ASSOCIATION OF THE TWIN CITIES

  • HOUSING FIRST NETWORK

    501(C)(4) · ELEVATE HOME BUILDING INDUSTRY · MN · controlled entity

    Directly controlled by BUILDERS ASSOCIATION OF THE TWIN CITIES

  • HOUSING FIRST FUND

    527 · INDEPENDENT EXPENDITURES · MN · controlled entity

    Directly controlled by HOUSING FIRST NETWORK

  • HOUSING AFFORDABILITY INSTITUTE

    501(C)(3) · EDUCATION & RESEARCH · MN · controlled entity

    Directly controlled by BUILDERS ASSOCIATION OF THE TWIN CITIES

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • HOUSE PARTY MN LLC

    SPECIAL EVENTS TO PROMOTE HOUSING, HOME OWNERSHIP, AND PUBLIC EDUCATOIN · MN · income $0 · assets $25,382

    Directly controlled by BUILDERS ASSOCIATION OF THE TWIN CITIES

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • ARTISAN HOME TOURS LLC

    C · HOME TOURS · MN · 100% owned · share of income $35,040 · share of assets $4,689

    Directly controlled by BUILDERS ASSOCIATION OF THE TWIN CITIES

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202303199349311565

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