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Nonprofiteer
← RCI-IIBEC FOUNDATION INC

Form 990 for tax year 2023

Filed by RCI-IIBEC FOUNDATION INC.

Totals

Total revenue
$340,305
Total expenses
$264,942
Contributions and grants received
$242,813
Grants paid
$49,400
Program service revenue
$0
Investment income
$17,492
Other revenue
$80,000
Total assets, end of year
$639,224
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$639,224
Program services expenses (Part IX)
$185,369
Management and general expenses
$79,573
Fundraising expenses
$0
Program service expenses (Part III)
$185,369

Program services were 70.0% 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.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $242,813

  • 3 · Investment income

    total $11,262 · excluded $11,262

  • 7a · Gross sales of assets other than inventory

    securities $6,230

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

    securities $0

  • 7c · Gain or loss

    securities $6,230

  • 7d · Net gain or loss

    total $6,230 · excluded $6,230

  • 8a · Fundraising events: gross income

    $142,628

  • 8b · Fundraising events: direct expenses

    $62,628

  • 8c · Net income from fundraising events

    total $80,000 · excluded $80,000

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $49,400 · program services $49,400

  • 11a · Fees: management

    total $79,800 · program services $39,900 · management and general $39,900

  • 11c · Fees: accounting

    total $13,396 · management and general $13,396

  • 11g · Fees: other

    total $4,050 · management and general $4,050

  • 13 · Office expenses

    total $6,507 · management and general $6,507

  • 14 · Information technology

    total $2,660 · management and general $2,660

  • 17 · Travel

    total $71,701 · program services $64,167 · management and general $7,534

  • 19 · Conferences, conventions and meetings

    total $35,648 · program services $31,902 · management and general $3,746

  • 23 · Insurance

    total $1,780 · management and general $1,780

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $393,080 · end of year $468,787

  • 11 · Investments: publicly traded securities

    beginning of year $46,922 · end of year $44,295

  • 12 · Investments: other securities

    beginning of year $123,859 · end of year $126,142

  • 27 · Net assets without donor restrictions

    beginning of year $301,429 · end of year $390,628

  • 28 · Net assets with donor restrictions

    beginning of year $262,432 · end of year $248,596

Mission and programs · 2023

Mission

THE MISSION OF IIBEC IS TO ADVANCE THE PROFESSION OF BUILDING ENCLOSURE (ROOFING, WATERPROOFING AND EXTERIOR WALL) CONSULTANTS.

Activities or mission (Part I)

THE MISSION OF IIBEC IS TO ADVANCE THE PROFESSION OF BUILDING CONSULTING THROUGH EDUCATION, NETWORKING AND CREDENTIALING

  • PROVIDED EDUCATIONAL RESEARCH OPPORTUNITIES BY FUNDING VARIOUS RESEARCH PROJECTS AND EVENTS.

    Expenses $185,369 · Grants $49,400

As filed on the 2023 return.

Listed in Part VII

  • Mike Blanchette

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1
  • Sidney Hankins III

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Helene Hardy-Pierce

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Andre Desjarlais

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Michael Ducharme

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • David R Hawn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Dr Ralph M Paroli

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Walter Rossiter Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Edward A Sheridan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Patrick Banning

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Richard Voyer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Scott Hinesley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Brian Pallasch

    CEO/EVP OF IIBEC

    Total calculated
    $370,940
    From this org
    $0
    From related orgs
    $307,745
    Other
    $63,195
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $262,824 related
    Bonus
    $0 + $44,921 related
    Other
    $0
    Deferred
    $0 + $41,221 related
    Nontaxable benefits
    $0 + $21,974 related
    Filer's total
    $0 + $370,940 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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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 4B
NAME OF PERSON: BRIAN PALLASCH, CEO/EVP OF IIBEC AMOUNT INVOLVED IN NON-QUALIFIED RETIREMENT PLAN: $11,336

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

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
2023
Filed
10 May 2024
IRS schema version
2023v5.0
Source object
202431359349305103

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