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← BUILDERS ASSOCIATION OF THE TWIN CITIES

Form 990 for tax year 2023

Filed by BUILDERS ASSOCIATION OF THE TWIN CITIES.

Totals

Total revenue
$7,960,783
Total expenses
$7,293,562
Contributions and grants received
$49,125
Grants paid
$153,600
Program service revenue
$6,893,146
Investment income
$645,496
Other revenue
$373,016
Total assets, end of year
$16,641,256
Total liabilities, end of year
$1,182,317
Net assets or fund balances, end of year
$15,458,939
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

    $49,125

  • 2a · Program service revenue: HOME TOUR EVENTS

    total $3,467,215 · related or exempt $3,467,215

  • 2b · Program service revenue: ADVERTISING

    total $1,658,428 · related or exempt $7,998 · unrelated business $1,650,430

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

    total $759,610 · related or exempt $759,610

  • 2d · Program service revenue: SPONSORSHIPS

    total $550,511 · related or exempt $550,511

  • 2e · Program service revenue: DUES

    total $457,382 · related or exempt $457,382

  • 3 · Investment income

    total $535,594 · excluded $535,594

  • 7a · Gross sales of assets other than inventory

    securities $6,022,902

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

    securities $5,909,594 · other assets $3,406

  • 7c · Gain or loss

    securities $113,308 · other assets -$3,406

  • 7d · Net gain or loss

    total $109,902 · excluded $109,902

  • 8a · Fundraising events: gross income

    $48,205

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

    $49,125

  • 8b · Fundraising events: direct expenses

    $43,390

  • 8c · Net income from fundraising events

    total $4,815 · excluded $4,815

  • 11a · Other revenue: OTHER INCOME

    total $368,201 · unrelated business $21,357 · excluded $346,844

  • 11e · Other revenue, total

    $368,201

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $153,600

  • 5 · Compensation of officers, directors and key employees

    total $567,983

  • 7 · Other salaries and wages

    total $1,709,541

  • 8 · Pension plan contributions

    total $78,532

  • 9 · Other employee benefits

    total $133,124

  • 10 · Payroll taxes

    total $152,672

  • 11a · Fees: management

    total $3,000

  • 11b · Fees: legal

    total $70,971

  • 11c · Fees: accounting

    total $41,358

  • 11d · Fees: lobbying

    total $59,488

  • 11f · Fees: investment management

    total $48,554

  • 11g · Fees: other

    total $131,212

  • 12 · Advertising and promotion

    total $1,993,616

  • 13 · Office expenses

    total $233,458

  • 14 · Information technology

    total $304,828

  • 16 · Occupancy

    total $146,135

  • 17 · Travel

    total $21,130

  • 19 · Conferences, conventions and meetings

    total $625,947

  • 22 · Depreciation, depletion and amortization

    total $197,871

  • 23 · Insurance

    total $22,278

  • 24a · Other expenses: HOME SHOWS

    total $461,199

  • 24b · Other expenses: OTHER SERVICES

    total $133,061

  • 24c · Other expenses: MEMBERSHIP SERVICES

    total $4,004

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,236,975 · end of year $740,466

  • 2 · Savings and temporary cash investments

    beginning of year $521 · end of year $521

  • 4 · Accounts receivable

    beginning of year $181,363 · end of year $101,581

  • 9 · Prepaid expenses and deferred charges

    beginning of year $158,694 · end of year $378,210

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

    $4,136,014

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

    $2,544,934

  • 10c · Land, buildings and equipment, net

    beginning of year $1,532,238 · end of year $1,591,080

  • 11 · Investments: publicly traded securities

    beginning of year $12,453,015 · end of year $13,829,398

  • 17 · Accounts payable and accrued expenses

    beginning of year $494,515 · end of year $613,355

  • 19 · Deferred revenue

    beginning of year $896,934 · end of year $568,962

  • 27 · Net assets without donor restrictions

    beginning of year $14,171,357 · end of year $15,458,939

Mission and programs · 2023

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 2023 return.

Listed in Part VII

  • JAMES VAGLE

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $346,206
    From this org
    $321,200
    From related orgs
    $0
    Other
    $25,006
    Hours/week
    40 + 2.5 related

    Schedule J breakdown matched by us

    Base
    $293,200
    Bonus
    $28,000
    Other
    $0
    Deferred
    $15,700
    Nontaxable benefits
    $9,306
    Filer's total
    $346,206

  • JANICE MEYER

    CHIEF OPERATING OFFICER

    Total calculated
    $221,777
    From this org
    $197,500
    From related orgs
    $0
    Other
    $24,277
    Hours/week
    40 + 2.5 related

    Schedule J breakdown matched by us

    Base
    $178,500
    Bonus
    $19,000
    Other
    $0
    Deferred
    $9,875
    Nontaxable benefits
    $14,402
    Filer's total
    $221,777

  • TOM GAVARAS

    VP, EVENTS & WORKFORCE INITATIVES

    Total calculated
    $159,191
    From this org
    $136,000
    From related orgs
    $0
    Other
    $23,191
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $130,000
    Bonus
    $6,000
    Other
    $0
    Deferred
    $6,800
    Nontaxable benefits
    $16,391
    Filer's total
    $159,191

  • KATIE ELFSTROM

    VP, BRAND MARKETING & COMMUNICATIONS

    Total calculated
    $152,126
    From this org
    $137,795
    From related orgs
    $0
    Other
    $14,331
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $130,295
    Bonus
    $7,500
    Other
    $0
    Deferred
    $6,890
    Nontaxable benefits
    $7,441
    Filer's total
    $152,126

  • NICK ERICKSON

    SR. DIRECTOR, HOUSING POLICY

    Total calculated
    $150,745
    From this org
    $136,250
    From related orgs
    $0
    Other
    $14,495
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $128,750
    Bonus
    $7,500
    Other
    $0
    Deferred
    $6,813
    Nontaxable benefits
    $7,682
    Filer's total
    $150,745

  • TAMMI HALL

    SR. DIRECTOR, FINANCE

    Total calculated
    $132,305
    From this org
    $111,000
    From related orgs
    $0
    Other
    $21,305
    Hours/week
    40

  • MARK FOSTER

    VP, LEGISLATIVE & POLITICAL AFFAIRS

    Total calculated
    $122,990
    From this org
    $110,500
    From related orgs
    $0
    Other
    $12,490
    Hours/week
    40

  • JOHN QUINLIVAN

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2 + 1.5 related

  • ART PRATT

    BUILDER VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2 + 1.5 related

  • DALE LOEFFLER

    ASSOCIATE VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2 + 1.5 related

  • TIM FOHR

    TREASURER

    Total calculated
    $0
    Hours/week
    2 + 1.5 related

  • PETER MARTIN

    SECRETARY

    Total calculated
    $0
    Hours/week
    2 + 1.5 related

  • SUNNY BOWMAN

    PAST ASSOCIATE VICE-PRESIDENT

    Total calculated
    $0
    Hours/week
    2 + 3 related

  • JAMES JULKOWSKI

    IMMEDIATE PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    2 + 3 related

  • AMY HENDEL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 1.5 related

  • ANDY MICHELS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JOHN KRAEMER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • KARYN BRADDOCK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • TONY WIENER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • KIRK VAN SLOOTEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JAMIE THARP

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • MEG JAEGER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 1.5 related

  • KRISTIN REINITZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • SARAH DULONG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

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

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

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

  • CENTER FOR HOUSING CAREERS

    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.

  • HOUSE PARTY MN LLC

    SPECIAL EVENTS TO PROMOTE HOUSING, HOME OWNERSHIP, AND PUBLIC EDUCATOIN · MN · income $0 · assets $22,382

    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 assets $202

    Directly controlled by BUILDERS ASSOCIATION OF THE TWIN CITIES

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202423209349313777

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