Asheville Home Builders Association Education Foundation Inc
Nonprofit profile at a glance
- EIN
- 834068438
- IRS 990-EZ coverage
- 2019–2024
- Forms available
- Form 990-EZ 2024
- Location
- Asheville, NC, USA
- Phone
- 8282997001
- Rating
- 70
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Scholarships, Student Financial Aid Services, Awards
Reported finances
- Revenue
- $18,173
- Expenses
- $5,553
- Assets
- $25,286
- Liabilities
- $4,241
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- AARON RIZZO (PRESIDENT)
People named in this filing
- SMITH MCAULAY (DIRECTOR)
- MEGAN CARROLL (TREASURER)
- GUS ADAMS (DIRECTOR)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The education foundation is an organization aimed at providing opportunities through funding to further education and training within the construction industry. The group fundraises from the members of the asheville home builders association and the greater community and gives the funds to individuals and groups.
What it reported doing in 2024
The asheville home builders education foundation fundraised at the golf tournament hosted by the builders association of the blue ridge mountains. They allowed participants to donate and hit marshmallows instead of golf balls to see how far they could go and try to win a prize. 11 people volunteered in exchange for money to be donated to our organization. The organization was able to expand visibility of the foundation at the builders association of the blue ridge mountains signature events. The organization remained focused on strengthening wnc's construction workforce while also stepping into a new role supporting community recovery needs following hurricane helene. The organization established its role in the community by beginning to accept, manage, and distribute funds related to hurricane helene recovery for members and local rebuilding efforts. The organization sustained partnerships with local schools, nonprofits, and training programs - including projects like the shedquarters builda nd construction career networking events to provide hands-on learning and industry exporusre.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and liabilities are high compared with assets.
Rating breakdown
- Financial Efficiency: 57
- Transparency & Controls: 82
- Sustainability: 77
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 30.6%; rating input score 31
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 69.4%; rating input score 95; 95th percentile among comparable filings
- Total-asset coverage ratio: 4.55; rating input score 82; 82nd percentile among comparable filings
- Liabilities to assets ratio: 0.17; rating input score 15; 15th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 19.5% per year; rating input score 100; 82nd percentile among comparable filings
- Revenue growth: 40.5% per year; rating input score 100; 96th percentile among comparable filings
- Asset growth: 43.1% per year; rating input score 100; 94th percentile among comparable filings
Details
- Where the money goes: 30.6% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $6K in reported program spending
- Leadership: top reported pay $0 · 7 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 2 filed schedules
- Filing history: 6 filing years from 2019 to 2024
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Mission deployment rate scored 31/100.
- High — Sustainability: Liabilities to assets ratio scored 15/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.