Liabilities / Assets
19th percentile
Higher debt load relative to assets than 19% of similar nonprofits.
Fargo-Moorhead Builders & Traders Exchange Inc
990 • Fiscal year 2015 • EIN 45-0113110
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.02x
Liabilities / Revenue
23rd percentile
Higher debt load relative to revenue than 23% of similar nonprofits.
Net Margin
39th percentile
Higher net margin than 39% of similar nonprofits.
Top Officer Pay
29th percentile
Higher top officer pay than 29% of similar nonprofits.
Top officer pay equals 13.8% of source-year revenue.
Asset Growth
54th percentile
Faster asset growth than 54% of similar nonprofits.
Revenue Growth
25th percentile
Faster revenue growth than 25% of similar nonprofits.
Balance Sheet
Assets
Up$1,278,630
Up $42,567 (+3.4%) from 2014
Net Assets
Up$1,258,844
Up $56,419 (+4.7%) from 2014
Liabilities
Down$19,786
Down $13,852 (-41%) from 2014
Revenue And Expenses
Revenue
Down$600,268
Down $20,699 (-3.3%) from 2014
Expenses
Up$593,380
Up $48,308 (+8.9%) from 2014
Net Income
Down$6,888
Down $69,007 (-91%) from 2014
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2014 to Jun 30, 2015
- Signed
- May 3, 2016
- Return Version
- 2014v6.0
- Gross Receipts
- $642,072
Mission and Program Overview
Mission
To provide the membership with quality and meaningful services that will help cultivate friendly, social and business relations among persons connected with the construction industry. The Fargo-Moorhead Builders and Traders Exchange, Inc. exists to provide information, services, and support.
The Fargo-Moorhead Builders and Traders Exchange, Inc. is a library of commercial construction documents used in the bidding process for the construction plans issuers and/or owners.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Savings and Temporary Cash Investments | $896,228 | $906,903 | ▲ $10,675 |
| Land, Buildings, and Equipment, Net | $216,184 | $223,392 | ▲ $7,208 |
| Cash and Non-Interest-Bearing Accounts | $109,437 | $135,488 | ▲ $26,051 |
| Accounts Receivable | $14,214 | $11,265 | ▼ $2,949 |
| Total Assets | $1,236,063 | $1,278,630 | ▲ $42,567 |
| Other Assets Total | $0 | $1,582 | ▲ $1,582 |
| Liabilities | |||
| Deferred Revenue | $22,740 | - | - |
| Accounts Payable and Accrued Expenses | $10,898 | $19,786 | ▲ $8,888 |
| Total Liabilities | $33,638 | $19,786 | ▼ $13,852 |
| Net Assets / Fund Balance | |||
| Unrestricted Net Assets | $1,202,425 | $1,258,844 | ▲ $56,419 |
| Total Net Assets Fund Balance | $1,202,425 | $1,258,844 | ▲ $56,419 |
| Total Liabilities and Net Assets / Fund Balance | $1,236,063 | $1,278,630 | ▲ $42,567 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Buildings | $120,036 | $267,170 | $387,206 |
| Equipment | $49,363 | $143,233 | $192,596 |
| Land | $53,993 | - | $53,993 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Amy Espeseth | Officer Manager | FT | $73,938 | $9,122 | $83,060 |
Board Members and Trustees
| Name | Title |
|---|---|
| Dave Cossette | President |
| Steve Hareland | Vice President |
| Chris Stollenwerk | Director |
| Dan Lenertz | Director |
| Eric Fischer | Director |
| Jeff Nelson | Director |
| Mark McCollum | Director |
| Travis Miller | Director |
| John Koerselman | Secretary/Treasurer |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $0
- Program Service Revenue
- $613,125
- Investment Income
- $1,807
- Other Revenue
- $-14,664
- Change in Net Assets
- $6,888
Audited Revenue Reconciliation
- Revenue per Audited Statements
- $642,072
- Revenue Not Reported on Financial Statements
- $-41,804
- Revenue Not Reported on Form 990
- $0
- Other Revenue Adjustments
- $-41,804
- Total Revenue per Audited Statements
- $642,072
- Total Revenue per Form 990
- $600,268
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Other Expenses | $301,987 |
| Salaries, Compensation, and Employee Benefits | $268,861 |
| Grants and Similar Amounts Paid | $22,532 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | - | - | - | $133,512 |
| Current Officers, Directors, Trustees, and Key Employees | - | - | - | $81,988 |
| Office Expenses | - | - | - | $79,068 |
| Fees for Services Other | - | - | - | $59,687 |
| Occupancy | - | - | - | $52,125 |
| Depreciation Depletion | - | - | - | $33,155 |
| Payroll Taxes | - | - | - | $30,086 |
| Information Technology | - | - | - | $27,360 |
| Other Employee Benefits | - | - | - | $20,448 |
| Grants to Domestic Orgs | - | - | - | $11,532 |
| Grants to Domestic Individuals | - | - | - | $11,000 |
| Conferences and Meetings | - | - | - | $7,906 |
| Travel | - | - | - | $5,865 |
| Advertising | - | - | - | $5,797 |
| Pension Plan Contributions | - | - | - | $2,827 |
| Insurance | - | - | - | $2,693 |
| Interest | - | - | - | $413 |
| Other Expenses | - | - | - | $405 |
| All Other Expenses | - | - | - | $77 |
| Total Functional Expenses | $0 | $0 | $0 | $593,380 |
Audited Expense Reconciliation
| Line Item | Amount |
|---|---|
| Total Expenses per Audited Statements | $635,184 |
| Expenses per Audited Statements | $593,380 |
| Total Expenses per Form 990 | $593,380 |
| Expenses Not Reported on Form 990 | $41,804 |
| Expenses Not Reported on Financial Statements | $0 |
Fundraising, Events, and Gaming
- Fundraising activities
- Yes
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| Fundraising Direct Expenses | $41,804 |
| Fundraising Gross Income | $27,140 |
| Professional Fundraising Fees | $0 |
Fundraising Events
| Event | Gross Receipts | Gross Revenue | Direct Expenses | Net Income |
|---|---|---|---|---|
| Golf Tournament | $27,140 | $27,140 | $10,598 | $16,542 |
| Total Events | $27,140 | $27,140 | $41,804 | $-14,664 |
Political and Lobbying Activity
- Political campaign activity
- No
- In-house lobbying only
- Yes
- Subject to proxy tax
- Yes
Governance and Compliance
Governance Checklist
- Compiled or reviewed by an accountant
- No
- Annual disclosure for covered persons
- No
- Audit committee
- Yes
- Backup withholding compliance
- Yes
- Business relationship with family members
- No
- Business relationship with organization members
- No
- Material changes to governing documents
- No
- Compensation from other sources disclosed
- No
- CEO compensation reviewed
- No
- Other officer compensation reviewed
- No
- Conflict-of-interest policy
- Yes
- Audited financial statements prepared
- No
- Key decisions subject to board approval
- No
- Management duties delegated
- No
Governance Explanations
Form 990, Part VI, Section A, line 6
“Any person, partnership, corporation or limited liability company directly or indirectly connected with the construction industry shall be eligible to apply for membership in this Corporation. There shall be no discrimination of individual memberships because of race, religion, sex, age, national origin, disability or veteran's status. Residence in the state of North Dakota is not required for membership.”
Form 990, Part VI, Section A, line 7A
“The President of the Board of Directors will appoint a Nominations Committee of three (3) active Board members. The Nominations Committee will disseminate nomination forms to all Corporation members. Members elect the Board of Directors.”
Form 990, Part VI, Section A, line 8B
“There are no committees with the broad authority to act on behalf of the Board of Directors.”
Form 990, Part VI, Section B, line 11
“The Form 990 was reviewed by the Board President and presented at the Board of Directors meeting. The Office Manager reviewed the details of the Form 990 with the entire board and the board approved the Form 990.”
Form 990, Part VI, Section B, line 12C
“The written conflict of interest policy covers Board of Directors only. The Board President reviews and determines whether a conflict exists. While the written policy does not state what restrictions are imposed on a person with a conflict, in practice that individual is required to leave the room and abstain from voting on the issue in conflict with.”
Form 990, Part VI, Section B, line 15
“The Board of Directors annually reviews and approves all compensation for the employees. No formal process was completed in fiscal year 2015 however there is a formal review scheduled for April 2016. In determining reasonable compensation the Board of Directors obtains data on comparable compensation for similarly qualified persons in comparable positions. The Executive Committee provides a letter to the Office Manager on the compensation changes based on their review of her annual performance. There are no other officers of the organization.”
Form 990, Part VI, Section C, line 19
“The organization corporate documents, conflict of interest policy, and financial statements are made available to the general public upon request.”
Filing and Contact Details
Filer
- Filer Name
- Fargo-Moorhead Builders & Traders Exchange Inc
- EIN
- 45-0113110
- Phone
- 7012376772
- Address
- 1010 Page Drive South, Fargo, ND 58103
Signing Officer
- Name
- Steve Hareland
- Title
- President
- Phone
- 7012376772
- Signed
- 2016-05-03
- Discuss with paid preparer
- Yes
Organization Details
- Principal Officer
- Amy R Espeseth
- Formed
- 1905
- Legal Domicile
- Nd
- Voting Board Members
- 9
- Independent Board Members
- 9
- Employees
- 6
- Volunteers
- 15
Preparer
- Firm
- Eide Bailly Llp
- Address
- 4310 17TH AVE S PO BOX 2545, FARGO, ND 58108-2545
- Preparer
- Lisa Chaffee CPA
- Phone
- 7012398500
Supplemental Narrative
Additional Explanations
Form 990, Part IX, line 11G
“Professional Fees 59,687.”
Financial Statement Notes
Part X, Line 2:
“Fargo-Moorhead Builders & Traders Exchange, Inc. is organized as a North Dakota nonprofit corporation and has been recognized by the Internal Revenue Service (IRS) as exempt from federal income taxes under Section 501(a) of the Internal Revenue Code as an organization described in Section 501(c)(6). The Exchange is annually required to file a Return of Organization Exempt from Income Tax (Form 990) with the IRS. In addition, The Exchange is subject to income tax on net income that is derived from business activities that is unrelated to its exempt purpose. The Exchange has determined it is not subject to unrelated business income tax and has not filed an Exempt Organization Business Income Tax Return (Form 990-T) with the IRS. The Exchange believes that it has appropriate support for any tax positions taken affecting its annual filing requirements, and as such, does not have any uncertain tax positions that are material to the financial statements. The Exchange would recognize future accrued interest and penalties related to unrecognized tax benefits and liabilities in income tax expense if such interest and penalties are incurred.”
Part XI, Line 4B - Other Adjustments:
“Fundraising expenses recorded in expenses on financial statements -41,804.”
Part XII, Line 2D - Other Adjustments:
“Fundraising expenses recorded in expenses on financial statements 41,804.”
Raw XML AppendixShowing 400 of 401 raw XML fields
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
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| IRS990/Desc | 0 | The exempt purpose is to facilitate the use and handling of plans and specifications for the construction industry. The members served are contractors, subcontractors, architects, engineers, material suppliers, factory representatives and others involved in the construction industry. During the fiscal year there were 4,243 projects handled by the staff and provided to the members. The members served during this fiscal year were 618. |
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| IRS990/MissionDesc | 0 | The Fargo-Moorhead Builders and Traders Exchange, Inc. mission is to provide the membership with quality and meaningful services that will help cultivate friendly, social and business relations among persons connected with the construction industry. The Fargo-Moorhead Builders and Traders Exchange, Inc. exists to provide information, services, and support. |
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| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 79068 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501cInd | 0 | X |
| IRS990/OrganizationFollowsSFAS117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 0 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 1582 |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 20448 |
| IRS990/OtherExpensesGrp/Desc | 0 | Social Events |
| IRS990/OtherExpensesGrp/Desc | 1 | Dues and Subscriptions |
| IRS990/OtherExpensesGrp/Desc | 2 | Member Services |
| IRS990/OtherExpensesGrp/Desc | 3 | Bank Fees |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 20496 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 5788 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 1152 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 405 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 133512 |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 30086 |
| IRS990/PensionPlanContributionsGrp/TotalAmt | 0 | 2827 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrincipalOfficerNm | 0 | Amy R Espeseth |
| IRS990/PriorPeriodAdjustmentsAmt | 0 | 49531 |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 900099 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 1 | 900099 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | Membership Dues |
| IRS990/ProgramServiceRevenueGrp/Desc | 1 | Other Supporting Reven |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 532311 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 1 | 80814 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 532311 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 1 | 80814 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 14300 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 47278 |
| IRS990/PYInvestmentIncomeAmt | 0 | 225 |
| IRS990/PYOtherExpensesAmt | 0 | 282612 |
| IRS990/PYOtherRevenueAmt | 0 | -12670 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 619112 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 75895 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 215182 |
| IRS990/PYTotalExpensesAmt | 0 | 545072 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 620967 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 6888 |
| IRS990/RegularMonitoringEnfrcInd | 0 | 1 |
| IRS990/RelatedEntityInd | 0 | 0 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 0 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 1 |
| IRS990/ReportOtherAssetsInd | 0 | 0 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 0 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
| IRS990/SavingsAndTempCashInvstGrp/BOYAmt | 0 | 896228 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 906903 |
| IRS990/ScheduleBRequiredInd | 0 | 0 |
| IRS990ScheduleC/AgreeCarryoverPriorYearInd | 0 | 0 |
| IRS990ScheduleC/OnlyInHouseLobbyingInd | 0 | 1 |
| IRS990ScheduleC/SubstantiallyAllDuesNondedInd | 0 | 0 |
| IRS990ScheduleD/BuildingsGrp/BookValueAmt | 0 | 120036 |
| IRS990ScheduleD/BuildingsGrp/DepreciationAmt | 0 | 267170 |
| IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 387206 |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 49363 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 143233 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 192596 |
| IRS990ScheduleD/ExpensesNotReportedAmt | 0 | 41804 |
| IRS990ScheduleD/ExpensesNotRptFinclStmtAmt | 0 | 0 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 593380 |
| IRS990ScheduleD/FootnoteTextInd | 0 | X |
| IRS990ScheduleD/LandGrp/BookValueAmt | 0 | 53993 |
| IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt | 0 | 53993 |
| IRS990ScheduleD/OtherExpensesIncludedAmt | 0 | 41804 |
| IRS990ScheduleD/OtherRevenuesNotIncludedAmt | 0 | -41804 |
| IRS990ScheduleD/RevenueNotReportedAmt | 0 | 0 |
| IRS990ScheduleD/RevenueNotReportedFinclStmtAmt | 0 | -41804 |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 642072 |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | Fargo-Moorhead Builders & Traders Exchange, Inc. is organized as a North Dakota nonprofit corporation and has been recognized by the Internal Revenue Service (IRS) as exempt from federal income taxes under Section 501(a) of the Internal Revenue Code as an organization described in Section 501(c)(6). The Exchange is annually required to file a Return of Organization Exempt from Income Tax (Form 990) with the IRS. In addition, The Exchange is subject to income tax on net income that is derived from business activities that is unrelated to its exempt purpose. The Exchange has determined it is not subject to unrelated business income tax and has not filed an Exempt Organization Business Income Tax Return (Form 990-T) with the IRS. The Exchange believes that it has appropriate support for any tax positions taken affecting its annual filing requirements, and as such, does not have any uncertain tax positions that are material to the financial statements. The Exchange would recognize future accrued interest and penalties related to unrecognized tax benefits and liabilities in income tax expense if such interest and penalties are incurred. |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 1 | Fundraising expenses recorded in expenses on financial statements -41,804. |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 2 | Fundraising expenses recorded in expenses on financial statements 41,804. |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Part X, Line 2: |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Part XI, Line 4b - Other Adjustments: |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Part XII, Line 2d - Other Adjustments: |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 223392 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 593380 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 600268 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 642072 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 635184 |
| IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt | 0 | 41804 |
| IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm | 0 | Golf Tournament |
| IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt | 0 | 26151 |
| IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt | 0 | 26151 |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt | 0 | 27140 |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt | 0 | 27140 |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt | 0 | 27140 |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt | 0 | 27140 |
| IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt | 0 | -14664 |
| IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent1Amt | 0 | 4055 |
| IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesTotalEventsAmt | 0 | 4055 |
| IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt | 0 | 10598 |
| IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt | 0 | 10598 |
| IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt | 0 | 1000 |
| IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt | 0 | 1000 |
| IRS990ScheduleI/GrantRecordsMaintainedInd | 0 | 1 |
| IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt | 0 | 11000 |
| IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt | 0 | Scholarships |
| IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt | 0 | 7 |
| IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt | 0 | The organization has a committee that reviews the applications for scholarships. The students must have an emphasis in the construction industry. The funds are paid directly to the higher education institution to be credited to the applicants' accounts. |
| IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt | 1 | The scholarship awards the number of and amount per individual based on their merit, grades, and industry involvement according to the scholarship applications received. |
| IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Part I, Line 2: |
| IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Schedule I, Part III: |
| IRS990/ScheduleJRequiredInd | 0 | 0 |
| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Any person, partnership, corporation or limited liability company directly or indirectly connected with the construction industry shall be eligible to apply for membership in this Corporation. There shall be no discrimination of individual memberships because of race, religion, sex, age, national origin, disability or veteran's status. Residence in the state of North Dakota is not required for membership. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | The President of the Board of Directors will appoint a Nominations Committee of three (3) active Board members. The Nominations Committee will disseminate nomination forms to all Corporation members. Members elect the Board of Directors. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | There are no committees with the broad authority to act on behalf of the Board of Directors. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | The Form 990 was reviewed by the Board President and presented at the Board of Directors meeting. The Office Manager reviewed the details of the Form 990 with the entire board and the board approved the Form 990. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | The written conflict of interest policy covers Board of Directors only. The Board President reviews and determines whether a conflict exists. While the written policy does not state what restrictions are imposed on a person with a conflict, in practice that individual is required to leave the room and abstain from voting on the issue in conflict with. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | The Board of Directors annually reviews and approves all compensation for the employees. No formal process was completed in fiscal year 2015 however there is a formal review scheduled for April 2016. In determining reasonable compensation the Board of Directors obtains data on comparable compensation for similarly qualified persons in comparable positions. The Executive Committee provides a letter to the Office Manager on the compensation changes based on their review of her annual performance. There are no other officers of the organization. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | The organization corporate documents, conflict of interest policy, and financial statements are made available to the general public upon request. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | Professional Fees 59,687. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Form 990, Part VI, Section A, line 6 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Form 990, Part VI, Section A, line 7a |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Form 990, Part VI, Section A, line 8b |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Form 990, Part VI, Section B, line 11 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Form 990, Part VI, Section B, line 12c |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | Form 990, Part VI, Section B, line 15 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | Form 990, Part VI, Section C, line 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | Form 990, Part IX, line 11g |
| IRS990/SchoolOperatingInd | 0 | 0 |
| IRS990/SignificantChangeInd | 0 | 0 |
| IRS990/SignificantNewProgramSrvcInd | 0 | 0 |
| IRS990/SubjectToProxyTaxInd | 0 | 1 |
| IRS990/TaxablePartyNotificationInd | 0 | 0 |
| IRS990/TaxExemptBondsInd | 0 | 0 |
| IRS990/TempOrPermanentEndowmentsInd | 0 | 0 |
| IRS990/TerminateOperationsInd | 0 | 0 |
| IRS990/TotalAssetsBOYAmt | 0 | 1236063 |
| IRS990/TotalAssetsEOYAmt | 0 | 1278630 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 1236063 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 1278630 |
| IRS990/TotalCompGreaterThan150KInd | 0 | 0 |
| IRS990/TotalEmployeeCnt | 0 | 6 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 593380 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 33638 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 19786 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 33638 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 19786 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 1202425 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 1258844 |
| IRS990/TotalOtherCompensationAmt | 0 | 9122 |
| IRS990/TotalProgramServiceRevenueAmt | 0 | 613125 |
| IRS990/TotalReportableCompFromOrgAmt | 0 | 73938 |
| IRS990/TotalRevenueGrp/ExclusionAmt | 0 | -12857 |
| IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 613125 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 600268 |
| IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt | 0 | 0 |
| IRS990/TotalVolunteersCnt | 0 | 15 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt | 0 | 1236063 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 1278630 |
| IRS990/TotReportableCompRltdOrgAmt | 0 | 0 |
| IRS990/TravelGrp/TotalAmt | 0 | 5865 |
| IRS990/TypeOfOrganizationCorpInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | 0 |
| IRS990/UnrestrictedNetAssetsGrp/BOYAmt | 0 | 1202425 |
| IRS990/UnrestrictedNetAssetsGrp/EOYAmt | 0 | 1258844 |
| IRS990/UponRequestInd | 0 | X |
| IRS990/USAddress/AddressLine1Txt | 0 | 1010 Page Drive South |
| IRS990/USAddress/CityNm | 0 | Fargo |
| IRS990/USAddress/StateAbbreviationCd | 0 | ND |
| IRS990/USAddress/ZIPCd | 0 | 58103 |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 9 |
| IRS990/VotingMembersIndependentCnt | 0 | 9 |
| IRS990/WebsiteAddressTxt | 0 | www.fmbx.org |
| IRS990/WhistleblowerPolicyInd | 0 | 1 |
| ReturnHeader/BuildTS | 0 | 2016-08-17 19:52:53Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | Steve Hareland |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | President |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 7012376772 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2016-05-03 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | Fargo-Moorhead Builders & Traders Exchange Inc |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | FARG |
| ReturnHeader/Filer/EIN | 0 | 450113110 |
| ReturnHeader/Filer/PhoneNum | 0 | 7012376772 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 1010 Page Drive South |
| ReturnHeader/Filer/USAddress/CityNm | 0 | Fargo |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | ND |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 58103 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 450250958 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | EIDE BAILLY LLP |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 4310 17TH AVE S PO BOX 2545 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | FARGO |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | ND |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 581082545 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 7012398500 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2016-05-03 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | LISA CHAFFEE CPA |
| ReturnHeader/ReturnTs | 0 | 2016-05-04T08:56:18-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990 |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2014-07-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2015-06-30 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2015 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $1,278,630
- Liabilities
- $19,786
- Net assets
- $1,258,844
- Revenue
- $600,268
- Expenses
- $593,380
- Net income
- $6,888