Totals
- Total revenue
- $245,564
- Total expenses
- $260,901
- Contributions and grants received
- $0
- Grants paid
- $239,798
- Program service revenue
- $0
- Investment income
- $245,564
- Other revenue
- $0
- Total assets, end of year
- $5,058,166
- Total liabilities, end of year
- $1,641
- Net assets or fund balances, end of year
- $5,056,525
- Program services expenses (Part IX)
- $260,901
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $260,901
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.
-
3 · Investment income
total $226,776 · excluded $226,776
-
7a · Gross sales of assets other than inventory
securities $717,019
-
7b · Less cost or other basis and sales expenses
securities $698,231
-
7c · Gain or loss
securities $18,788
-
7d · Net gain or loss
total $18,788 · excluded $18,788
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $239,798 · program services $239,798
-
11c · Fees: accounting
total $4,158 · program services $4,158
-
11f · Fees: investment management
total $16,945 · program services $16,945
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
end of year $1
-
12 · Investments: other securities
beginning of year $5,081,739 · end of year $5,058,165
-
17 · Accounts payable and accrued expenses
beginning of year $1,641 · end of year $1,641
-
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 $1,226,253 · end of year $1,202,680
Mission and programs · 2022
Mission
THE MISSION OF MBI WORKS ENDOWMENT IS TO ENGAGE SOLELY IN SUPPORTING, ADVANCING AND CREATING INTEREST IN CAREERS, EDUCATION, AND WORKFORCE DEVELOPMENT FOR THE IOWA COMMERCIAL CONSTRUCTION INDUSTRY.
Activities or mission (Part I)
TO SUPPORT, ADVANCE, AND CREATE INTEREST IN CAREERS, EDUCATION AND WORKFORCE DEVELOPMENT FOR THE IOWA COMMERCIAL CONSTRUCTION INDUSTRY.
-
THE MISSION OF MBI-WORKS ENDOWMENT IS TO PROMOTE THE CONSTRUCTION INDUSTRY BY SUPPORTING PROGRAMS, CURRICULUMS AND PROJECTS THAT FOCUS ON WORKFORCE DEVELOPMENT AND CAREER ADVOCACY IN IOWA'S COMMERCIAL CONSTRUCTION INDUSTRY.
Expenses $260,901 · Grants $239,798
As filed on the 2022 return.
Listed in Part VII
-
Chad KleppeCHAD KLEPPE
PRESIDENT/CEO
- 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 DelmottLAURIE DELMOTT
COO
- 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
-
Paul KoesterPAUL KOESTER
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Randy ClarahanRANDY CLARAHAN
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Nicole SchmidtNICOLE SCHMIDT
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Steve LangSTEVE LANG
PAST CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Russ ActonRUSS ACTON
DIRECTOR THRU 11/22
- Total calculated
- $0
- Hours/week
- 1
-
Kathy AndersonKATHY ANDERSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jake BalgemannJAKE BALGEMANN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sarah BehrendtSARAH BEHRENDT
DIRECTOR THRU 11/22
- Total calculated
- $0
- Hours/week
- 1
-
John BertrandJOHN BERTRAND
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Matt FettMATT FETT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sara HermanSARA HERMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Brett KetelsenBRETT KETELSEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Eric KinglandERIC KINGLAND
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Erin MarshERIN MARSH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Austin PrierAUSTIN PRIER
DIRECTOR THRU 11/22
- Total calculated
- $0
- Hours/week
- 1
-
Paige SmithPAIGE SMITH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ethan WiechmannETHAN WIECHMANN
DIRECTOR
- 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. 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.
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
-
AET BUILDING
-
DENVER HIGH SCHOOL
$35,000
PURCHASE/IMPLEMENT NEW SHOP EQUIPMENT
-
$30,000
GENERAL FUND
-
GENERAL FUND
-
$21,900
GENERAL FUND
-
$20,000
GENERAL FUND
-
$9,334
GENERAL FUND
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.
-
501(C)(6) · DISSEMINATE CONSTRUCTION INDUSTRY INFORMATION TO MEMBERS AND THE INDUSTRY · IA
-
IOWA CONSTRUCTION CAREER INSTITUTE
501(C)(3) · PROVIDING INFORMATION TO THE CONSTRUCTION INDUSTRY · IA
-
MASTER BUILDERS OF IOWA PAC
527 · RAISE CAMPAIGN FUNDS AT THE STATE AND LOCAL LEVEL · IA
-
501(C)(4) · ADVOCATING ISSUES ON COMMERCIAL CONSTRUCTION INDUSTRY · IA
-
CONSTRUCTION UPDATE PLAN ROOM NETWORK
501(C)(6) · PROVIDE PLAN ROOMS FOR CONTRACTORS · IA
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 14 August 2024
- IRS schema version
- 2022v5.0
- Source object
- 202422489349300727
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