Form 990 for tax year 2024
Filed by BUILDERS ASSOCIATION OF THE TWIN CITIES.
Totals
- Total revenue
- $8,585,897
- Total expenses
- $8,163,462
- Contributions and grants received
- $53,300
- Grants paid
- $135,900
- Program service revenue
- $7,010,793
- Investment income
- $812,339
- Other revenue
- $709,465
- Total assets, end of year
- $17,066,399
- Total liabilities, end of year
- $1,039,110
- Net assets or fund balances, end of year
- $16,027,289
- 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
$53,300
-
2a · Program service revenue: HOME TOUR EVENTS
total $3,467,659 · related or exempt $3,467,659
-
2b · Program service revenue: ADVERTISING
total $1,583,236 · related or exempt $5,362 · unrelated business $1,577,874
-
2c · Program service revenue: REGISTRATION & EXHIBITOR FEES
total $880,293 · related or exempt $880,293
-
2d · Program service revenue: SPONSORSHIPS
total $589,130 · related or exempt $589,130
-
2e · Program service revenue: DUES
total $476,774 · related or exempt $476,774
-
2f · All other program service revenue
total $13,701 · related or exempt $13,701
-
3 · Investment income
total $427,764 · excluded $427,764
-
7a · Gross sales of assets other than inventory
securities $5,831,016
-
7b · Less cost or other basis and sales expenses
securities $5,284,985 · other assets $161,456
-
7c · Gain or loss
securities $546,031 · other assets -$161,456
-
7d · Net gain or loss
total $384,575 · excluded $384,575
-
8a · Fundraising events: gross income
$46,980
-
8a · Fundraising events: contributions included on line 1c
$53,300
-
8b · Fundraising events: direct expenses
$41,438
-
8c · Net income from fundraising events
total $5,542 · excluded $5,542
-
9a · Gaming: gross income
$7,750
-
9b · Gaming: direct expenses
$294
-
9c · Net income from gaming
total $7,456 · excluded $7,456
-
11a · Other revenue: OTHER INCOME
total $696,467 · unrelated business $51,113 · excluded $645,354
-
11e · Other revenue, total
$696,467
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $135,900
-
5 · Compensation of officers, directors and key employees
total $591,773
-
7 · Other salaries and wages
total $2,245,618
-
8 · Pension plan contributions
total $104,877
-
9 · Other employee benefits
total $176,805
-
10 · Payroll taxes
total $206,293
-
11b · Fees: legal
total $51,217
-
11c · Fees: accounting
total $9,976
-
11d · Fees: lobbying
total $48,023
-
11f · Fees: investment management
total $56,156
-
11g · Fees: other
total $141,164
-
12 · Advertising and promotion
total $1,920,234
-
13 · Office expenses
total $222,531
-
14 · Information technology
total $696,315
-
16 · Occupancy
total $125,585
-
17 · Travel
total $29,316
-
19 · Conferences, conventions and meetings
total $675,414
-
22 · Depreciation, depletion and amortization
total $234,593
-
23 · Insurance
total $19,879
-
24a · Other expenses: HOME SHOWS
total $292,804
-
24b · Other expenses: OTHER SERVICES
total $176,927
-
24c · Other expenses: MEMBERSHIP SERVICES
total $1,870
-
24d · Other expenses: MISCELLANEOUS
total $182
-
24e · All other expenses
total $10
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $740,466 · end of year $425,168
-
2 · Savings and temporary cash investments
beginning of year $521 · end of year $521
-
4 · Accounts receivable
beginning of year $101,581 · end of year $76,838
-
9 · Prepaid expenses and deferred charges
beginning of year $378,210 · end of year $285,380
-
10a · Land, buildings and equipment: cost or other basis
$3,666,324
-
10b · Land, buildings and equipment: accumulated depreciation
$1,974,914
-
10c · Land, buildings and equipment, net
beginning of year $1,591,080 · end of year $1,691,410
-
11 · Investments: publicly traded securities
beginning of year $13,829,398 · end of year $14,587,082
-
17 · Accounts payable and accrued expenses
beginning of year $613,355 · end of year $519,279
-
19 · Deferred revenue
beginning of year $568,962 · end of year $519,831
-
27 · Net assets without donor restrictions
beginning of year $15,458,939 · end of year $16,027,289
Mission and programs · 2024
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 AFFAIRS 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 2024 return.
Listed in Part VII
-
Art PrattART PRATT
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 2 + 1.5 related
-
John QuinlivanJOHN QUINLIVAN
IMMEDIATE PAST PRESIDENT
- Total calculated
- $0
- Hours/week
- 2 + 1.5 related
-
Tim FohrTIM FOHR
BUILDER VICE-PRESIDENT
- Total calculated
- $0
- Hours/week
- 2 + 1.5 related
-
Peter MartinPETER MARTIN
ASSOCIATE VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 2 + 1.5 related
-
Dale LoefflerDALE LOEFFLER
PAST ASSOCIATE VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 2 + 1.5 related
-
Kristin ReinitzKRISTIN REINITZ
SECRETARY
- Total calculated
- $0
- Hours/week
- 2 + 1.5 related
-
John KraemerJOHN KRAEMER
TREASURER
- Total calculated
- $0
- Hours/week
- 2 + 1.5 related
-
Tony WienerTONY WIENER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Karyn BraddockKARYN BRADDOCK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Amy HendelAMY HENDEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jamie TharpJAMIE THARP
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Katie GeddesKATIE GEDDES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Rebecca RemickREBECCA REMICK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Andy MichelsANDY MICHELS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Andrew LejeuneANDREW LEJEUNE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Nathan CarlsonNATHAN CARLSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Bob MichelsBOB MICHELS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
James VagleJAMES VAGLE
CHIEF EXECUTIVE OFFICER
- Total calculated
- $363,664
- From this org
- $337,220
- From related orgs
- $0
- Other
- $26,444
- Hours/week
- 40 + 2.5 related
Schedule J breakdown matched by us
- Base
- $307,220
- Bonus
- $30,000
- Other
- $0
- Deferred
- $16,515
- Nontaxable benefits
- $9,929
- Filer's total
- $363,664
-
Janice MeyerJANICE MEYER
CHIEF OPERATING OFFICER
- Total calculated
- $228,109
- From this org
- $202,545
- From related orgs
- $0
- Other
- $25,564
- Hours/week
- 40 + 2.5 related
Schedule J breakdown matched by us
- Base
- $186,545
- Bonus
- $16,000
- Other
- $0
- Deferred
- $10,171
- Nontaxable benefits
- $15,393
- Filer's total
- $228,109
-
Tom GavarasTOM GAVARAS
VP, EVENTS & WORKFORCE INITIATIVES
- Total calculated
- $169,693
- From this org
- $145,460
- From related orgs
- $0
- Other
- $24,233
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $135,960
- Bonus
- $9,500
- Other
- $0
- Deferred
- $7,273
- Nontaxable benefits
- $16,960
- Filer's total
- $169,693
-
Katie ElfstromKATIE ELFSTROM
VP, BRAND MARKETING & COMMUNICATIONS
- Total calculated
- $172,906
- From this org
- $157,277
- From related orgs
- $0
- Other
- $15,629
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $143,277
- Bonus
- $14,000
- Other
- $0
- Deferred
- $7,864
- Nontaxable benefits
- $7,765
- Filer's total
- $172,906
-
Nick EricksonNICK ERICKSON
SR. DIRECTOR, HOUSING POLICY
- Total calculated
- $164,702
- From this org
- $149,188
- From related orgs
- $0
- Other
- $15,514
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $135,188
- Bonus
- $14,000
- Other
- $0
- Deferred
- $7,459
- Nontaxable benefits
- $8,055
- Filer's total
- $164,702
-
Jessica RyanJESSICA RYAN
VICE PRESIDENT, DEVELOPMENT
- Total calculated
- $194,062
- From this org
- $176,720
- From related orgs
- $0
- Other
- $17,342
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $164,720
- Bonus
- $12,000
- Other
- $0
- Deferred
- $8,850
- Nontaxable benefits
- $8,492
- Filer's total
- $194,062
-
Kate GundersonKATE GUNDERSON
SVP, GROWTH & ENGAGEMENT
- Total calculated
- $155,156
- From this org
- $147,000
- From related orgs
- $0
- Other
- $8,156
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $140,000
- Bonus
- $7,000
- Other
- $0
- Deferred
- $7,350
- Nontaxable benefits
- $806
- Filer's total
- $155,156
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 · Form 990 of other organizations
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
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
-
$60,000
CHARITABLE CONTRIBUTION
-
$50,000
CHARITABLE CONTRIBUTION
-
HOUSING AFFORDABILITY INSTITUTE
$25,000
CHARITABLE CONTRIBUTION
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.
-
501(C)(3) · AFFORDABLE HOUSING · MN · controlled entity
Directly controlled by BUILDERS ASSOCIATION OF THE TWIN CITIES
-
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
-
501(C)(3) · WORKFORCE PROGRAM · 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.
-
KEYSTONE REPORT LLC
PROVIDES RELEVANT HOUSING INDUSTRY DATA, REPORTING & ANALYSIS TO SUBSCRIBERS · MN · income $28,701 · assets $18,679
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
Directly controlled by BUILDERS ASSOCIATION OF THE TWIN CITIES
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 29 October 2025
- IRS schema version
- 2024v5.2
- Source object
- 202523079349300832
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