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← CONSTRUCTION EDUCATION FOUNDATION OF MINNESOTA

Form 990 for tax year 2024

Filed by CONSTRUCTION EDUCATION FOUNDATION OF MINNESOTA.

Totals

Total revenue
$581,548
Total expenses
$408,561
Contributions and grants received
$1,000
Grants paid
$0
Program service revenue
$449,463
Investment income
$131,085
Other revenue
$0
Total assets, end of year
$1,060,148
Total liabilities, end of year
$304,305
Net assets or fund balances, end of year
$755,843
Program services expenses (Part IX)
$348,600
Management and general expenses
$59,961
Fundraising expenses
$0
Program service expenses (Part III)
$348,600

Program services were 85.3% 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.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $1,000

  • 2a · Program service revenue: PROGRAM FEES

    total $449,463 · related or exempt $449,463

  • 3 · Investment income

    total $11,631 · excluded $11,631

  • 7a · Gross sales of assets other than inventory

    other assets $129,478

  • 7b · Less cost or other basis and sales expenses

    other assets $10,024

  • 7c · Gain or loss

    other assets $119,454

  • 7d · Net gain or loss

    total $119,454 · related or exempt $119,454

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $77,061 · program services $58,841 · management and general $18,220

  • 11b · Fees: legal

    total $22,771 · management and general $22,771

  • 11c · Fees: accounting

    total $14,150 · management and general $14,150

  • 12 · Advertising and promotion

    total $125 · program services $125

  • 13 · Office expenses

    total $1,688 · program services $1,688

  • 17 · Travel

    total $3,424 · management and general $3,424

  • 20 · Interest

    total $31 · program services $31

  • 22 · Depreciation, depletion and amortization

    total $1,147 · program services $1,147

  • 23 · Insurance

    total $2,280 · program services $884 · management and general $1,396

  • 24a · Other expenses: TRAINING AND CERTIFICAT

    total $238,814 · program services $238,814

  • 24b · Other expenses: INSTRUCTION MATERIALS

    total $27,466 · program services $27,466

  • 24c · Other expenses: BAD DEBT EXPENSE

    total $10,666 · program services $10,666

  • 24d · Other expenses: INSTRUCTORS

    total $6,526 · program services $6,526

  • 24e · All other expenses

    total $2,412 · program services $2,412

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $300,182 · end of year $399,369

  • 2 · Savings and temporary cash investments

    beginning of year $353,091 · end of year $505,411

  • 4 · Accounts receivable

    beginning of year $153,151 · end of year $103,996

  • 9 · Prepaid expenses and deferred charges

    beginning of year $555 · end of year $51,372

  • 10a · Land, buildings and equipment: cost or other basis

    $3,494

  • 10b · Land, buildings and equipment: accumulated depreciation

    $3,494

  • 10c · Land, buildings and equipment, net

    beginning of year $582 · end of year $0

  • 14 · Intangible assets

    beginning of year $565

  • 17 · Accounts payable and accrued expenses

    beginning of year $64,179 · end of year $93,245

  • 19 · Deferred revenue

    beginning of year $63,230 · end of year $55,949

  • 25 · Other liabilities

    beginning of year $97,861 · end of year $155,111

  • 27 · Net assets without donor restrictions

    beginning of year $582,856 · end of year $755,843

Mission and programs · 2024

Mission

TO PROVIDE EDUCATIONAL PROGRAMS DESIGNED TO EXPAND KNOWLEDGE IN CONSTRUCTION AND CONSTRUCTION SAFETY AREAS.

Activities or mission (Part I)

TO PROVIDE EDUCATION PROGRAMS DESIGNED TO EXPAND KNOWLEDGE IN CONSTRUCTION AND CONSTRUCTION SAFETY AREAS.

  • OFFERS EDUCATIONAL PROGRAMS TO EXPAND KNOWLEDGE IN CONSTRUCTION AREAS.1. CRAFT TRAINING: PROVIDE ACCESS TO AND SUPPORT FOR ABC MEMBERS TO UTILIZE THE NCCER CURRICULUM TO TRAIN THEIR NON-REGISTERED APPRENTICE CRAFTSPEOPLE.2. REGISTERED APPRENTICESHIP (MN): AS DESCRIBED IN THE AGREEMENT AND DECLARATION OF TRUST CREATING THE CONSTRUCTION EDUCATION FOUNDATION OF MINNESOTA (THE "TRUST AGREEMENT"), THE TRUSTEES OF THE CEF "FUND A BONA FIDE APPRENTICESHIP TRAINING PROGRAM AND CRAFT TRAINING PROGRAM SPONSORED BY MINNESOTA CHAPTER OF ASSOCIATED BUILDERS AND CONTRACTORS, INC., BY ESTABLISHING A SYSTEM OF VOLUNTARY CONTRIBUTIONS BY CONTRIBUTING EMPLOYERS TO THIS TRUST FUND WHICH CONTRIBUTIONS WILL BE USED TO PAY THE OPERATING EXPENSES OF APPRENTICESHIP TRAINING AND OTHER CRAFT TRAINING PROGRAMS RELATIVE TO THE CONSTRUCTION INDUSTRY IN MINNESOTA." THIS INCLUDES PROVIDING ACCESS TO AND SUPPORT FOR ABC MEMBERS TO UTILIZE THE NCCER CURRICULUM TO TRAIN THEIR REGISTERED APPRENTICE CRAFTSPEOPLE, REGISTER APPRENTICES WITH MN DLI UNDER CEF STANDARDS OF APPRENTICESHIP, TRACK OJT AND RTI PROGRESS, TRACK SAFETY TRAINING, TRACK ADHERENCE TO WAGE SCHEDULES, PREPARE ANNUAL COMPLIANCE REVIEW FOR MN DLI.3. REGISTERED APPRENTICESHIP (ND): REGISTER APPRENTICES WITH THEUNITED STATES DEPARTMENT OF LABOR ("DOL") UNDER ABC STANDARDS OFAPPRENTICESHIP, PROVIDE RTI THROUGH LOCAL TECH SCHOOL, TRACK OJT ANDRTI PROGRESS, TRACK ADHERENCE TO WAGE SCHEDULES, PREPARE COMPLIANCEREVIEW FOR DOL.4. COMMUNITY OUTREACH: PARTICIPATE IN OUTREACH EVENTS BOTH INPARTNERSHIP WITH PROJECT BUILD MN AND REPRESENTING CEF. MAKEPRESENTATIONS AT CAREER FAIRS, CBO TRAINING PROGRAMS, CONSTRUCTIONTEACHER CONFERENCE, AND WITH INDUSTRY PARTNERS.

    Expenses $348,600 · Revenue $568,917

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Brad Berlin

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Karl Von Knobelsdorff

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Nate Basinger

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Kevin Palmer

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

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.

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 June 2025
IRS schema version
2024v5.1
Source object
202521769349301672

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