M B T INC: FY2021 Nonprofit Profile & Form 990 (EIN 31-0970408)

Revenue by fiscal year
FY2020	$26K
FY2021	$1K
FY2022	$68K
FY2023	$48K
FY2024	$58K
FY2025	$13K

Expenses by fiscal year
FY2020	$16K
FY2021	$17K
FY2022	$15K
FY2023	$22K
FY2024	$34K
FY2025	$17K

Net assets by fiscal year
FY2020	$294K
FY2021	$279K
FY2022	$332K
FY2023	$357K
FY2024	$381K
FY2025	$377K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 1979.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

100%

Program services 100% · $17K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

12 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII

Tom Demeester

President

$0Pt VII · Sec A

Tony Gianesi

Vice Preside

$0Pt VII · Sec A

Ben Modlin

Treasurer

$0Pt VII · Sec A

Tony Gilman

Secretary

$0Pt VII · Sec A

Chris Grove

Director

$0Pt VII · Sec A

Molly Hannon

Director

$0Pt VII · Sec A

Mark Modlin

Director

$0Pt VII · Sec A

Alex Newman

Director

$0Pt VII · Sec A

See M B T INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides building trades training at Mishawaka High School.

Questions for M B T INC

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Provided by the organization

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1 program · $15K · in their own filed words · FY2020

01

Building trades training at mishawaka high school

$15Kprogram expense

By the numbers

The FY2021 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$1K

Ln 12

Other incomeLn 4–11$852

Investment incomeLn 3$341

Fees for servicesLn 2g$10

Money outPt IX

$17K

Ln 25

Programscol B$17K

Owns and owesPt X

$279K

net assets · Ln 32

Cash and savingsLn 1–2$277K

Total assetsLn 16$279K

LiabilitiesLn 26$0

PeoplePt VI, VII

12

listed · VII A

PaidVII A0

Voting boardVI 1a12

IndependentVI 1b12

2In more detail

Revenue in detailPt VIII

Fees for servicesLn 2g$10

Investment incomeLn 3$341

Other incomeLn 4–11$852

Total revenueLn 12$1K

Assets in detailPt X, end of year

CashLn 1$4K

SavingsLn 2$273K

Cash and savings togetherLn 1–2$277K

Land, buildings, equipmentLn 10c$1K

Total assetsLn 16$279K

LiabilitiesLn 26$0

Net assetsLn 32$279K

OperationsPt I, VI

EmployeesI 50

VolunteersI 613

Fiscal year endsHeaderAugust

Conflict-of-interest policyVI 12aNo

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY21	End FY21
Cash and savingsLn 1–2	$290K	$277K
Land, buildings, equipmentLn 10c	$4K	$1K
Total assetsLn 16	$294K	$279K
LiabilitiesLn 26	$250	$0
Net assetsLn 32	$294K	$279K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Accounting feesLn 11c	$1K	$1K
Depreciation, depletion and amortizationLn 22	$5K	$5K
Other expenses (24a–d)Ln 24	$9K	$9K
All other expensesLn 24e	$2K	$2K
Total functional expensesLn 25	$17K	$17K	$0	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$13K	$17K	−$4K	$377K	990 PDF
FY2024	$58K	$34K	$24K	$381K	990 PDF
FY2023	$48K	$22K	$25K	$357K	990 PDF
FY2022	$68K	$15K	$53K	$332K	990 PDF
FY2021 Viewing	$1K	$17K	−$15K	$279K	990 PDF
FY2020	$26K	$16K	$10K	$294K	990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

See the full FY2021 990 (6 parts)

Part I · Summary $1,203 revenue, 12 lines filed

I-8 Contributions and grants$0

I-9 Program service revenuePrior year $120$10

I-10 Investment incomePrior year $374$341

I-11 Other revenuePrior year $25,416$852

I-12 Total revenuePrior year $25,910$1,203

I-13 Grants and similar amounts paid$0

I-14 Benefits paid to members$0

I-15 Salaries and benefits$0

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $15,989$16,520

I-18 Total expensesPrior year $15,989$16,520

I-19 Revenue less expensesPrior year $9,921−$15,317

Part VI · Governance 12 of 12 board members independent, 4 to look at

VI-1a Voting members of the governing body12

VI-1b Independent voting members12

VI-12a Written conflict of interest policyNo

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

Part VIII · Statement of revenue $1,203 across 4 lines filed

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $10$10

VIII-3 Investment incomeRelated to mission $341$341

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $852$852

VIII-12 Total revenueRelated to mission $351 · Excluded from tax $852$1,203

Part IX · Statement of functional expenses $16,520 across 4 lines filed

IX-11c Accounting feesPrograms $1,043$1,043

IX-22 Depreciation, depletion and amortizationPrograms $4,729$4,729

IX-24 Other expenses (24a–d)Programs $8,527$8,527

IX-24e All other expensesPrograms $2,221$2,221

IX-25 Total functional expensesPrograms $16,520 · Management $0 · Fundraising $0$16,520

Part X · Balance sheet $278,837 assets, 8 lines filed

X-1 Cash, non-interest-bearingStart of year −$3,880$3,972

X-2 Savings and temporary cash investmentsStart of year $293,782$272,583

X-8 Inventories for sale or useStart of year $10$785

X-10c Land, buildings and equipment, netStart of year $4,491$1,497

X-16 Total assetsStart of year $294,403$278,837

X-26 Total liabilitiesStart of year $250$0

X-32 Total net assets or fund balancesStart of year $294,153$278,837

X-33 Total liabilities and net assetsStart of year $294,403$278,837

Part XI · Reconciliation of net assets $278,837 net assets at year end

XI-1 Total revenue$1,203

XI-2 Total expenses$16,520

XI-3 Revenue less expenses−$15,317

XI-4 Net assets at start of year$294,153

XI-9 Other changes in net assets$1

XI-10 Net assets at end of year$278,837

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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M B T INC FY2021 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for M B T INC

By the numbers

Filing history

Schedules filed Part IV