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← MBI INDUSTRY ADVOCACY FUND

Form 990 for tax year 2024

Filed by MBI INDUSTRY ADVOCACY FUND.

Totals

Total revenue
$0
Total expenses
$10,708
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$14,235
Total liabilities, end of year
$120,572
Net assets or fund balances, end of year
-$106,337
Program services expenses (Part IX)
$10,708
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$10,708

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Functional expenses

Part IX, the statement of functional expenses.

  • 18 · Travel or entertainment for public officials

    total $10,708 · program services $10,708

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $83,517 · end of year $14,235

  • 25 · Other liabilities

    beginning of year $179,146 · end of year $120,572

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year -$83,260 · end of year -$93,968

Mission and programs · 2024

Mission

PROMOTE THE CONSTRUCTION INDUSTRY BY EDUCATING, INFORMING, AND ADVOCATING ON ISSUES IMPORTANT TO THE PUBLIC AND THE IOWA COMMERCIAL CONSTRUCTION INDUSTRY.

  • ACTIVITIES AND EVENTS HELD TO EDUCATE AND INFORM THE GENERAL PUBLIC AND POLICY MAKERS ABOUT ISSUES, CHALLENGES AND OPPORTUNITIES IMPORTANT TO THE COMMERCIAL CONSTRUCTION INDUSTRY.

    Expenses $10,708

As filed on the 2024 return.

Listed in Part VII

  • Chad Kleppe

    PRESIDENT

    Total calculated
    $289,420
    From this org
    $0
    From related orgs
    $260,461
    Other
    $28,959
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $207,511 related
    Bonus
    $0 + $42,750 related
    Other
    $0 + $10,200 related
    Deferred
    $0 + $12,913 related
    Nontaxable benefits
    $0 + $16,046 related
    Filer's total
    $0 + $289,420 related

  • Laurie Delmott

    TREASURER

    Total calculated
    $187,297
    From this org
    $0
    From related orgs
    $168,080
    Other
    $19,217
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $134,830 related
    Bonus
    $0 + $33,250 related
    Other
    $0
    Deferred
    $0 + $8,231 related
    Nontaxable benefits
    $0 + $10,986 related
    Filer's total
    $0 + $187,297 related

  • Ben Hammes

    SECRETARY

    Total calculated
    $165,756
    From this org
    $0
    From related orgs
    $156,973
    Other
    $8,783
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $121,523 related
    Bonus
    $0 + $28,250 related
    Other
    $0 + $7,200 related
    Deferred
    $0 + $7,291 related
    Nontaxable benefits
    $0 + $1,492 related
    Filer's total
    $0 + $165,756 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
12 November 2025
IRS schema version
2024v5.2
Source object
202533169349309093

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