irs program accomplishments · form 990 part iii · fy2023
What they reported doing
- #1 primary $9KTHE 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.
- #2 $425KADDITIONAL FUNDS HAVE BEEN DESIGNATED TO EDUCATE ALL MEMBERS OF THE FOUNDATION.
named programs · 2 · from sources
What they call their work
Disaster Relief Fund
Provides grants to members and their families who have lost their homes due to natural disasters such as fire, flood, or high winds.
Education and Training Programs
Offers instructor-led courses on building materials and blueprint reading, including beginner, intermediate, and advanced levels, delivered virtually and in-person.
activities · 8 groups
What they do
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Construction Industry Advocacy & Standards 1 activity
- Advocating for legislative and regulatory reformEngages in legislative and regulatory processes by meeting with legislators, testifying on bills, submitting letters, and commenting on regulations to advance the interests of building material suppliers.
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Industry Association Support Services 1 activity
- Distributing industry news and publicationsShares industry updates and news through publications including the Lumber Co-operator magazine, LC Wired, and LC SupplySide.
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Regular Membership Meetings 1 activity
- Hosting leadership and strategic meetings for membersConducts annual Spring and Fall Leadership Meetings and an annual membership meeting to address industry challenges, organizational strategy, and governance, including officer and director elections.
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Construction Industry Professional Development & Networking 1 activity
- Organizing industry trade events and exhibitionsProduces and organizes the biennial LBM Expo and the IDEAS Show, along with regional trade events, to support networking, innovation, and business development in the building materials industry.
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Professional Training for Real Estate and Building Practitioners 1 activity
- Providing education and training programs for industry professionalsOffers a range of training programs including Basic/Beginner Blueprint Reading, Intermediate and Advanced Blueprint Reading & Estimating, and Introduction to Building Materials, delivered through live virtual and in-person formats to support member certification and professional development.
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Industry Trade Association Services 1 activity
- Representing independent lumber and building material dealersRepresents 1,089 member businesses across eight states and Washington, D.C., serving as a unified voice for independent dealers in the building materials industry.
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Member Business Referral & Discount Programs 1 activity
- Supporting member services through collective purchasing powerNegotiates competitive rates on programs and services by leveraging the collective purchasing power of its member network.
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Uncategorized 1 activity
- Providing disaster relief grants to membersFunds grants to members who have lost their homes due to natural disasters such as fire, flood, or high winds, with $9,000 disbursed in fiscal year 2023, $9,000 in 2021, and $6,000 in 2020.
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financials · form 990 · fy2023
revenue
Total revenue$563K
Contributions & grants$101K18%
Program service revenue$315K56%
Investment income$21K4%
Other revenue$126K
expenses
Total expenses$545K
Program expenses91%
Admin / overhead9%
Fundraising0%
Salaries & benefits$159K
Grants paid out$9K
Largest expense lineCompensation
balance sheet
Total assets$1.84M
Cash$276K
Investments$685K
Liabilities$158K
Net assets$1.69M
Liquid reserves21.1 mo
5 years on record · 2019–2023 · YoY revenue +3.2%
leadership · form 990 part vii · fy2023
Who runs it
paid leadership · 1
| Name | Title | Hours/wk | Compensation |
|---|---|---|---|
| RITA C FERRIS CAE | SECRETARY | 8 | $277K |
board members · 14
- CHARLES HANDLEY — DIRECTOR
- DAVID MOORE — DIRECTOR
- DOUG FORD — DIRECTOR
- ED J GODEK III — TREASURER
- ERIN O'CONNOR — DIRECTOR
- GENN HOWLEY — PRESIDENT
- GREGORY BRANECKY — DIRECTOR
- JEREMEY BAKER — VICE PRESIDENT
- JOE CECARELLI — DIRECTOR
- JON HALLGREN — DIRECTOR
- MICHAEL DUVAL — DIRECTOR
- ROBERT FERGUSON — DIRECTOR
- ROBERT T BICKNELL — DIRECTOR
- ROD WILES — DIRECTOR
relationships · 12
Who they work with
- ADP Partner — Preferred vendor providing payroll and HR services to members.
- Acadia Insurance Partner — Endorsed vendor providing insurance services to members.
- American Building Materials Alliance Network — Affiliated with ABMA to advocate on federal issues affecting the building materials industry.
- Eastern Gallagher Partner — Endorsed vendor providing insurance services to members.
- Lovell Safety Partner — Endorsed vendor providing safety products or services to members.
- Mohegan Sun Partner — Host venue for the LBM Expo and Annual Meeting, providing integrated meeting and entertainment space.
- Northeastern Retail Lumber Association Network — LUMBER AND BUILDING MATERIAL DEALERS FOUNDATION operates as the educational arm of the Northeastern Retail Lumber Association, delivering training to its members.
- Northeastern Retail Lumber Association Network — Member organization of which the Lumber and Building Material Dealers Foundation is a part.
- PPC Sales Partner — Endorsed vendor providing sales-related products or services to members.
- Silba WC Partner — Endorsed vendor providing workers' compensation or related services to members.
- USI Partner — Endorsed vendor providing insurance and risk management services to members.
- state and federal legislators Government — Engages with legislators through meetings, testimony, and written communications on legislative and regulatory matters.
strategies · 4
How they approach the work
Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.
- Blended Learning Model for Workforce Developmentmethodology: blended_learning_modelBy delivering training through a mix of live virtual and in-person instruction, the organization supports professional certification and skill advancement, because flexible modalities increase accessibility and engagement for industry professionals.
- Collective Purchasing Power for Member Cost Reductionmethodology: collective_purchasingBy aggregating member demand, the organization secures favorable pricing on programs and services, because pooled buying power increases leverage with vendors and reduces individual costs.
- Direct Advocacy to Influence Policy Outcomesmethodology: direct-advocacyBy engaging directly in legislative and regulatory processes, the organization advances members' interests, because formal participation and access to lawmakers enable proactive shaping of policies affecting the LBM industry.
- Industry-Collaborative Leadership to Align Strategic Directionmethodology: industry-collaborative leadershipBy convening industry leaders and stakeholders, the organization shapes collective strategy and drives aligned business success, because shared leadership fosters consensus and coordinated adaptation in the sector.