LUMBER AND BUILDING MATERIAL DEALERS FOUNDATION

EIN: 166095028 501(c)(3) Community Improvement

RENSSELAER, NY

Total Revenue
$563,442
Total Expenses
$545,190
Total Assets
$1,843,682
Net Assets
$1,686,053
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Financial Trends

Organization Details

Formation Year
1968
Legal Domicile
NY
Principal Officer
RITA C FERRIS CAE
Phone
5182861010
Tax Period
2023-10-01 to 2024-09-30

LUMBER AND BUILDING MATERIAL DEALERS FOUNDATION, founded in 1968, is a small nonprofit in the Community Improvement sector that reported $563K in total revenue in fiscal year 2023. Expenses of $545K left a modest 3% surplus.

Mission

TO PROMOTE AND SUPPORT INVESTMENT, EDUCATION, AND RESEARCH RELATED TO, AND FOR THE BENEFIT OF, THE LUMBER AND BUILDING MATERIAL DEALERS, THEIR EMPLOYEES, CUSTOMERS, AND THE GENERAL PUBLIC.

Program Service Accomplishments

Program 1
Expenses: $64,347 Revenue: $112,812

THE FOUNDATION SPONSORED OR CO-SPONSORED CONFERENCES AND EDUCATIONAL PROGRAMS TO DISCUSS ISSUES AND TO INCREASE THE KNOWLEDGE BASE OF DEALERS IN THE BUILDING MATERIALS INDUSTRY.

Program 2
Expenses: $9,000

THE FOUNDATION HAS ESTABLISHED A FUND TO ASSIST FAMILIES WHO HAVE LOST THEIR HOUSE DUE TO A NATURAL DISASTER (FIRE, FLOOD, HIGH WINDS, ETC.). A TOTAL OF $9,000 IN GRANTS WAS PAID TO MEMBERS IN NEED...

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THE FOUNDATION HAS ESTABLISHED A FUND TO ASSIST FAMILIES WHO HAVE LOST THEIR HOUSE DUE TO A NATURAL DISASTER (FIRE, FLOOD, HIGH WINDS, ETC.). A TOTAL OF $9,000 IN GRANTS WAS PAID TO MEMBERS IN NEED FOR THE YEAR ENDED 9/30/24.

Program 3
Expenses: $424,693 Revenue: $202,412

ADDITIONAL FUNDS HAVE BEEN DESIGNATED TO EDUCATE ALL MEMBERS OF THE FOUNDATION.

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Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $101,234
Program Service Revenue $315,224
Investment Income $21,177
Other Revenue $125,807
TOTAL REVENUE $563,442

Expense Breakdown

Grants Paid $9,000
Salaries & Benefits $159,222
Fundraising Expenses $0
Program Expenses $498,040
Other Expenses $376,968
TOTAL EXPENSES $545,190

Year-over-Year Comparison

2023 2022 Change
Revenue $563,442 $545,812 +0.0%
Expenses $545,190 $672,254 -0.2%
Net Income $18,252 $-126,442 -1.1%
Key Indicators
✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Governance

Voting Members
15
Independent Members
15
Employees
N/A
Volunteers
15

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$277,467
Total Directors
15
$277,467
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RITA C FERRIS CAE SECRETARY 8.00
Officer Director
$6,706 $18,460 $277,467
GENN HOWLEY PRESIDENT 1.00
Officer Director
$0 $0 $0
JEREMEY BAKER VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
ED J GODEK III TREASURER 1.00
Officer Director
$0 $0 $0
CHARLES HANDLEY DIRECTOR 1.00
Director
$0 $0 $0
JOE CECARELLI DIRECTOR 1.00
Director
$0 $0 $0
ROBERT T BICKNELL DIRECTOR 1.00
Director
$0 $0 $0
GREGORY BRANECKY DIRECTOR 1.00
Director
$0 $0 $0
DOUG FORD DIRECTOR 1.00
Director
$0 $0 $0
JON HALLGREN DIRECTOR 1.00
Director
$0 $0 $0
ROD WILES DIRECTOR 1.00
Director
$0 $0 $0
DAVID MOORE DIRECTOR 1.00
Director
$0 $0 $0
ERIN O'CONNOR DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL DUVAL DIRECTOR 1.00
Director
$0 $0 $0
ROBERT FERGUSON DIRECTOR 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $563,442 $545,190 $1,843,682 $18,252
2023 $545,812 $672,254 $1,808,150 $-126,442
2022 $451,804 $517,681 $1,713,525 $-65,877
2021 $603,716 $438,589 $1,802,716 $165,127
2020 $464,050 $494,668 $1,706,854 $-30,618
2019 $741,839 $630,575 $1,643,545 $111,264
2018 $599,286 $664,034 $1,614,567 $-64,748
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