2013-05-14T12:56:37-05:00 2012-12-31 341310124 REA & ASSOCIATES INC CPA'S 5775 PERIMETER DRIVE - STE 200 DUBLIN OH 430173224 990 2012-01-01 311662183 BUILDERS EXCHANGE FOUNDATION BUIL 6144869521 1175 DUBLIN ROAD PO BOX 369 COLUMBUS OH 43215 CATHERINE BLACKFORD 6144869521 2013-05-14 1 GRETA RZYMEK CPA P00181209 6148898725 2012 2016-02-24 21:20:13Z CATHERINE BLACKFORD 1175 DUBLIN ROAD COLUMBUS OH 43215 213566 0 X WWW.BX.ORG/FOUNDATION X 1999 OH SUPPORT THE COMMERCIAL CONSTRUCTION INDUSTRY'S EDUCATION AND RESEARCH ACTIVITIES. 11 11 0 11 0 0 175261 128920 0 0 76257 84646 0 0 251518 213566 90250 85000 0 0 24500 27000 0 0 6948 67537 62255 182287 174255 69231 39311 2840960 3114035 0 160 2840960 3113875 X SEE SCHEDULE O 0 0 77035 60000 THE FOUNDATION SUPPORTS STUDENT OUTREACH AND AWARDS SCHOLARSHIPS TO WORTHY COLLEGE STUDENTS AND UNIVERSITIES. 30827 25000 PROVIDED GRANTS AND ASSISTANCE TO THE BUILDERS EXCHANGE OF CENTRAL OHIO TO SUPPORT A WORKFORCE DEVELOPMENT PROGRAM CALLED BX EXECUTIVE LEADERSHIP EXPERIENCE. 107862 1 1 0 0 0 1 0 0 0 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 OH X KURT MOSHER 6144869521 1175 DUBLIN ROAD PO BOX 369 COLUMBUS OH 43215 DWIGHT R MCCABE 1.00 X X 0 0 0 CHARLES D STEITZ 1.00 X X 0 0 0 CHRISTOPHER S HEROLD 1.00 X X 0 0 0 DOUG COOPER 1.00 X 0 0 0 DENNIS HOFFER 1.00 X 0 0 0 PAT MCLAUGHLIN 1.00 X 0 0 0 MARK MUTER 1.00 X 0 0 0 TONY RUSCILLI 1.00 X 0 0 0 JAMES W SMITH 1.00 X 0 0 0 TODD ALEXANDER 1.00 X 0 0 0 JOEL KORTE 1.00 X 0 0 0 CATHERINE C BLACKFORD 5.00 X 0 172820 21218 0 172820 21218 0 0 1 0 0 33478 95442 128920 84646 84646 0 33478 0 0 213566 0 0 84646 25000 25000 60000 60000 27000 18900 5400 2700 8700 8700 44970 44970 1878 1314 375 189 175 175 ANNUAL SOLICITTION MAIL 4059 4059 SCHOLARSHIP EXPENSE (NO 2473 2473 174255 107862 59445 6948 4517 6100 2836443 3107935 2840960 3114035 160 0 160 X 516112 737672 339335 382190 1985513 1994013 2840960 3113875 2840960 3114035 39311 233604 0 X X 0 1 X 1 0 X 146389 123417 52577 175260 128920 626563 146389 123417 52577 175260 128920 626563 97580 528983 124672 98796 69930 76257 84646 454301 1080864 0.48940 0.63730 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 1 73719 1 1 2324848 84304 31860 60000 4809 2376203 2248980 134744 -5156 50250 3470 2324848 2234385 40912 26683 53000 2248980 2127013 111353 34545 38526 2234385 2100537 132239 -52879 52884 2127013 0.00000 0.83920 0.16080 0 0 0 X 447170 233604 233604 213566 0 213566 174255 0 174255 0 174255 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE FOUNDATION USES ENDOWMENT FUNDS TO GRANT SCHOLARSHIPS AND SUPPORT WORKFORCE DEVELOPMENT PROGRAMS THAT ALIGN WITH ITS MISSION. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE MODIFIED CASH BASIS OF ACCOUNTING REQUIRES THE FOUNDATION TO EVALUATE THE LEVEL OF UNCERTAINTY RELATED TO WHETHER TAX POSITIONS TAKEN WILL BE SUSTAINED UPON EXAMINATION. ANY POSITIONS TAKEN THAT DO NOT MEET THE MORE-LIKELY-THAN-NOT THRESHOLD MUST BE QUANTIFIED AND RECORDED AS A LIABILITY FOR UNRECOGNIZED TAX BENEFITS IN THE ACCOMPANYING CONSOLIDATED STATEMENTS OF FINANCIAL POSITION ALONG WITH INTEREST AND PENALTIES THAT WOULD BE PAYABLE TO THE TAXING AUTHORITIES UPON EXAMINATION. THE FOUNDATION BELIEVES THAT NONE OF THE TAX POSITIONS TAKEN WOULD MATERIALLY IMPACT THE FINANCIAL STATEMENTS, AND NO SUCH LIABILITIES HAVE BEEN RECORDED. GOLF OUTING 20473 20473 OPEN HOUSE 13005 13005 33478 33478 1 BUILDERS EXCHANGE OF CENTRAL OHIO 1175 DUBLIN ROAD COLUMBUS OH 43215 314137970 501(C)(6) 25000 LAUNCHED THE BX LEADERSHIP EXPERIENCE. 0 1 SCHOLARSHIPS 44 60000 SCHEDULE I, PART I, LINE 2-PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS THE FOUNDATION REVIEWS AND APPROVES GRANT EXPENSES PRIOR TO DISTRIBUTING GRANT FUNDING. X X X X 0 0 0 0 0 0 0 0 0 CATHERINE C BLACKFORD 0 156820 0 10000 0 6000 0 13562 0 7656 0 194038 0 0 ORGANIZATION MISSION STATEMENT FORM 990, PART III, LINE 1 THE BUILDERS EXCHANGE FOUNDATION WAS ESTABLISHED IN 1999 AS A PHILANTHROPIC ARM OF THE BUILDERS EXCHANGE OF CENTRAL OHIO. THE MISSION OF THE FOUNDATION IS TO ADVANCE AND SUPPORT THE COMMERCIAL CONSTRUCTION INDUSTRY'S EDUCATION AND RESEARCH ACTIVITIES FOR THE BENEFIT OF EMPLOYERS, EMPLOYEES, CONSUMERS, AND THE COMMUNITY IMPACTED BY THE COMMERCIAL CONSTRUCTION INDUSTRY IN CENTRAL OHIO. THE FOUNDATION IS PRIMARILY DEPENDENT ON THE SUPPORT OF THOSE CLOSELY AFFILIATED WITH THE LOCAL COMMERCIAL CONSTRUCTION INDUSTRY. FORM 990, PART VI, SECTION B, LINE 11 ONCE THE FOUNDATION HAS RECEIVED A COPY OF THE FORM 990, IT IS REVIEWED BY THE BY THE DIRECTOR OF FINANCE AND EXECUTIVE DIRECTOR PRIOR TO SUBMISSION TO ALL MEMBERS OF THE GOVERNING BODY FOR APPROVAL PRIOR TO FILING FILING. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY: EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH BOARD DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS THAT SUCH PERSON- A. HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, B. HAS READ AND UNDERSTANDS THE POLICY, C. HAS AGREED TO COMPLY WITH THE POLICY, AND D. UNDERSTANDS THAT THE BX FOUNDATION IS A NON-PROFIT ORGANIZATION AND THAT IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF HIS OR HER FINANCIAL OR OTHER INTERESTS AND ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. THE REMAINING BOARD MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS AND FOLLOW THE EXISTING PROCEDURES FOR ADDRESSING THE CONFLICT OF INTEREST TO ENSURE THAT ANY DECISION REGARDING A PROPOSED TRANSACTION OR ARRANGEMENT IS IN THE BEST INTEREST OF BX FOUNDATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION PROVIDES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS UPON THE REQUEST OF THE PUBLIC. FORM 990, PART XII, LINE 1, ACCOUNTING METHOD USED TO PREPARE THE FORM 990: THE FINANCIAL STATEMENTS WERE PREPARED USING THE MODIFIED CASH BASIS OF ACCOUNTING, WHICH IS ANOTHER COMPREHENSIVE BAISS OF ACCOUNTING DIFFERENT THAN GENERALLY ACCEPTED ACCOUNTING PRINCIPLES (GAAP). ACCORDINGLY, REVENUE IS RECOGNIZED IN THE PERIOD WHEN FUNDS ARE RECEIVED RATHER THAN THE PERIOD WHEN EARNED BY PERFORMANCE, WHICH DIFFERS FROM GAAP IN THAT A RECEIVABLE WOULD BE RECORDED IF REVENUE HAD BEEN EARNED BUT THE FUNDS HAD NOT BEEN RECEIVED AS OF THAT PERIOD END. UNCONDITIONAL PLEDGE CONTRIBUTIONS COMMUNICATED ARE NOT REVENUE UNTIL THE FUNDS ARE RECEIVED, WHICH DIFFERS FROM GAAP IN THAT A RECEIVABLE WOULD BE RECORDED IF THE FUNDS HAD NOT BEEN RECEIVED AS OF PERIOD END. EXPENSES ARE RECOGNIZED WHEN PAID RATHER THAN WHEN THE OBLIGATION IS INCURRED, WHICH DIFFERS FROM GAAP IN THAT IF THE OBLIGATION WAS INCURRED, OR THE PRODUCT OR SERVICE WAS RECEIVED BEFORE PERIOD END, AND PAYMENT HAD NOT BEEN MADE AS OF THAT SAME PERIOD END, THEN A LIABILITY WOULD BE RECORDED. FORM 990,PART XII, LINE 2C: AUDIT OVERSIGHT AND SELECTION OF ACCOUNTANT: THE PROCESS BY WHICH THE ORGANIZATION OVERSEES THE FINANCIAL STATEMENT AUDIT AND SELECTS AN INDPENDENT ACCOUNTANT HAS NOT CHANGED SINCE THE PRIOR YEAR. BUILDERS EXCHANGE OF CENTRAL OH 1175 DUBLIN ROAD COLUMBUS OH 43215 314137970 TO ADVANCE THE COMMERCIAL CONSTRUCTION INDUSTRY OH 501(C)(6) N/A 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 1 BUILDERS EXCHANGE OF CENTRAL OHIO B 85000