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Mbi-Works Endowment FY2020 filing

Des Moines, IAUnknown exempt organization EIN 83-3071868Revenue −$81K in FY2020

On file with the IRSmbionline.comPo Box 695 · Des Moines, IA

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To support, advance, and create interest in careers, education, and workforce development for the iowa commercial construction industry.

100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $1.2M a year · 935% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Liabilities
$3K
0.05% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
−$81K
Spent
$90K
To programs
100%
Net assets
$5.3M
By yearFY2020–FY2024
Revenue
−$81K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020−$81K
FY2021−$89K
FY2022$443K
FY2023$246K
FY2024$126K
Expenses
$90K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$90K
FY2021$144K
FY2022$271K
FY2023$261K
FY2024$5.9M
Net assets
$5.3M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$5.3M
FY2021$6.3M
FY2022$5.1M
FY2023$5.1M
FY2024$0

From the FY2020 Form 990 (year ending October 2020) · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $90K

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

13 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Chad Kleppe
President/CEO
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Don Woodruff
Vice Chairman
$0Pt VII · Sec A
Rachel Breuer
Secretary/Treasurer
$0Pt VII · Sec A
Justin Brown
Director
$0Pt VII · Sec A
Scott Bleich
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Mbi-Works Endowment 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

Promote careers, education, and workforce development for Iowa's commercial construction industry.

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Provided by the organization

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1 program · $90K · in their own filed words · FY2019
01

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.

$90Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 27 grants · $6.3M · 2019–2023
Iowa Construction Career Institue INCIA · FY2023$5,527,565
University of Northern Iowa FoundationIA · FY2023$125,000
Denver High SchoolFY2023$26,250
Forest Avenue OutreachIA · FY2023$22,500
Boys & Girls Clubs of Central Iowa INCIA · FY2023$18,750
Girls Incorporated of Sioux CityIA · FY2023$16,425
Freedom for Youth MinistriesIA · FY2023$15,000
Skillsusa IowaVA · FY2023$7,001
University of Northern Iowa FoundationIA · FY2022$62,500
Denver High SchoolFY2022$35,000
Forest Avenue OutreachIA · FY2022$30,000
Boys & Girls Clubs of Central Iowa INCIA · FY2022$25,000
Girls Incorporated of Sioux CityIA · FY2022$21,900
Freedom for Youth INCAR · FY2022$20,000
Skillsusa INCVA · FY2022$9,334
Young Mens Christian Association of Forest City IowaIA · FY2021$76,050
IjagIA · FY2021$50,000
North Iowa Area Community College FoundationIA · FY2021$30,000
See all 27 grants →

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
−$81K
Ln 12
Investment incomeLn 3$135K
Money outPt IX
$90K
Ln 25
Programscol B$90K
Owns and owesPt X
$5.3M
net assets · Ln 32
Total assetsLn 16$5.3M
LiabilitiesLn 26$3K
PeoplePt VI, VII
13
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$135K
Gains on assetsLn 7−$216K
Total revenueLn 12−$81K
Assets in detailPt X, end of year
SavingsLn 2$0
InvestmentsLn 11–13$5.3M
Total assetsLn 16$5.3M
LiabilitiesLn 26$3K
Net assetsLn 32$5.3M
OperationsPt I, VI
EmployeesI 50
VolunteersI 611
Fiscal year endsHeaderOctober
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$101K$0
InvestmentsLn 11–13$5.0M$5.3M
Total assetsLn 16$5.1M$5.3M
LiabilitiesLn 26$3K$3K
Net assetsLn 32$5.1M$5.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$68K$68K
Accounting feesLn 11c$3K$3K
Investment management feesLn 11f$19K$19K
Total functional expensesLn 25$90K$90K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $126K$5.9M−$5.8M$0 990 PDF
FY2023 $246K$261K−$15K$5.1M 990 PDF
FY2022 $443K$271K$172K$5.1M 990 PDF
FY2021 −$89K$144K−$233K$6.3M 990 PDF
FY2020 Viewing −$81K$90K−$171K$5.3M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary −$81,106 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $4,879,778$0
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $54,547−$81,106
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $4,934,325−$81,106
I-13 Grants and similar amounts paidPrior year $0$68,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,604$22,011
I-18 Total expensesPrior year $2,604$90,011
I-19 Revenue less expensesPrior year $4,931,721−$171,117
Part VI · Governance 11 of 11 board members independent, 1 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue −$81,106 across 3 lines filed
VIII-3 Investment incomeExcluded from tax $135,258$135,258
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$216,364−$216,364
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax −$81,106−$81,106
Part IX · Statement of functional expenses $90,011 across 3 lines filed
IX-1 Grants to domestic organizationsPrograms $68,000$68,000
IX-11c Accounting feesPrograms $2,783$2,783
IX-11f Investment management feesPrograms $19,228$19,228
IX-25 Total functional expensesPrograms $90,011 · Management $0 · Fundraising $0$90,011
Part X · Balance sheet $5,282,037 assets, 7 lines filed
X-2 Savings and temporary cash investmentsStart of year $101,239$0
X-12 Other securitiesStart of year $5,016,028$5,282,037
X-16 Total assetsStart of year $5,117,267$5,282,037
X-17 Accounts payable and accrued expensesStart of year $2,604$2,604
X-26 Total liabilitiesStart of year $2,604$2,604
X-32 Total net assets or fund balancesStart of year $5,114,663$5,279,433
X-33 Total liabilities and net assetsStart of year $5,117,267$5,282,037
Part XI · Reconciliation of net assets $5,279,433 net assets at year end
XI-1 Total revenue−$81,106
XI-2 Total expenses$90,011
XI-3 Revenue less expenses−$171,117
XI-4 Net assets at start of year$5,114,663
XI-5 Net unrealized gains (losses) on investments$335,887
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$5,279,433

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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