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← MBI INDUSTRY ADVOCACY FUND

Form 990 for tax year 2022

Filed by MBI INDUSTRY ADVOCACY FUND.

Totals

Total revenue
$82,427
Total expenses
$126,842
Contributions and grants received
$82,427
Grants paid
$20,000
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$62,956
Total liabilities, end of year
$154,252
Net assets or fund balances, end of year
-$91,296
Program services expenses (Part IX)
$126,842
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$126,842

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.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $82,427

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $20,000 · program services $20,000

  • 11c · Fees: accounting

    total $1,050 · program services $1,050

  • 18 · Travel or entertainment for public officials

    total $105,792 · program services $105,792

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $89,497 · end of year $62,956

  • 25 · Other liabilities

    beginning of year $136,378 · end of year $154,252

  • 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 -$34,512 · end of year -$78,927

Mission and programs · 2022

Mission

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

Activities or mission (Part I)

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 $126,842 · Grants $20,000

As filed on the 2022 return.

Listed in Part VII

  • Chad Kleppe

    PRESIDENT

    Total calculated
    $273,003
    From this org
    $0
    From related orgs
    $252,991
    Other
    $20,012
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $197,541 related
    Bonus
    $0 + $45,250 related
    Other
    $0 + $10,200 related
    Deferred
    $0 + $11,950 related
    Nontaxable benefits
    $0 + $8,062 related
    Filer's total
    $0 + $273,003 related

  • Laurie Delmott

    TREASURER

    Total calculated
    $168,376
    From this org
    $0
    From related orgs
    $152,846
    Other
    $15,530
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $122,846 related
    Bonus
    $0 + $30,000 related
    Other
    $0
    Deferred
    $0 + $7,468 related
    Nontaxable benefits
    $0 + $8,062 related
    Filer's total
    $0 + $168,376 related

  • Ben Hammes

    SECRETARY

    Total calculated
    $149,620
    From this org
    $0
    From related orgs
    $141,396
    Other
    $8,224
    Hours/week
    1 + 39 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 II
CHAD KLEPPE'S TIME IS DEDICATED 1 HOUR TO THE ORGANIZATION, 28 HOURS TO RELATED ORGANIZATIONS, AND 11 HOURS TO AN AFFILIATED BUT UNRELATED ORGANIZATION. LAURIE DELMOTT'S TIME IS DEDICATED 1 HOUR TO THE ORGANIZATION, 38 HOURS TO RELATED ORGANIZATIONS, AND 1 HOUR TO AN AFFILIATED BUT UNRELATED ORGANIZATION. BEN HAMMES' TIME IS DEDICATED 1 HOUR TO THE ORGANIZATION, 38 HOURS TO RELATED ORGANIZATIONS, AND 1 HOUR TO AN AFFILIATED BUT UNRELATED ORGANIZATION.

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
2022
Filed
14 August 2024
IRS schema version
2022v5.0
Source object
202412489349300816

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