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Nonprofiteer
← CONSTRUCTION EDUCATION TRUST

Form 990 for tax year 2024

Filed by CONSTRUCTION EDUCATION TRUST.

Totals

Total revenue
$2,889,552
Total expenses
$1,735,085
Contributions and grants received
$50,000
Grants paid
$24,325
Program service revenue
$1,813,480
Investment income
$1,016,172
Other revenue
$9,900
Total assets, end of year
$9,384,549
Total liabilities, end of year
$3,509,605
Net assets or fund balances, end of year
$5,874,944
Program services expenses (Part IX)
$1,597,822
Management and general expenses
$137,263
Fundraising expenses
$0
Program service expenses (Part III)
$1,597,822

Program services were 92.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • SEAN FISHER

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    5
  • ANDY BARNUM

    SECRETARY

    Total calculated
    $0
    Hours/week
    5
  • JAMES STRUBLE

    TREASURER

    Total calculated
    $0
    Hours/week
    5
  • JEFF CAMPBELL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5
  • JUSTIN OCWIEJA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5
  • KURT DUNHAM

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5
  • TAD MARTIN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5
  • KEITH LEDBETTER

    PRESIDENT/CEO

    Total calculated
    $256,952
    From this org
    $0
    From related orgs
    $236,900
    Other
    $20,052
    Hours/week
    20 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $181,900 related
    Bonus
    $0 + $43,000 related
    Other
    $0 + $12,000 related
    Deferred
    $0 + $18,952 related
    Nontaxable benefits
    $0 + $1,100 related
    Filer's total
    $0 + $256,952 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

The filer's explanations (Part III)

PART I, LINE 3:
THE PRESIDENT/CEO IS COMPENSATED BY ASSOC BUILDERS & CONTRACTORS OF SE MICHIGAN (ABCSEMI), A RELATED ORGANIZATION. ABCSEMI USES THE FOLLOWING METHODS TO ESTABLISH COMPENSATION OF THE CEO: - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE

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
13 May 2026
IRS schema version
2024v5.5
Source object
202611339349308401

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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