Modular Building Institute

Organization Overview

Modular Building Institute is located in Charlottesville, VA. The organization was established in 1984. According to its NTEE Classification (S02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Modular Building Institute is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.

For the year ending 12/2021, Modular Building Institute generated $1.9m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $2.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

SEE SCHEDULE O FOR THE ORGANIZATION'S MISSION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE INSTITUTE SEEKS TO EXPAND THE OVERALL MARKET SHARE FOR MODULAR CONSTRUCTION BY REMOVING BARRIERS THAT LIMIT INDUSTRY GROWTH AS WELL AS THROUGH OUTREACH AND EDUCATION EFFORTS TO PROMOTE THE ADVANTAGES OF MODULAR CONSTRUCTION. MEMBERS OF BOTH THE RELOCATABLE BUILDINGS DIVISION AND THE PERMANENT MODULAR CONSTRUCTION DIVISION HAVE THE OPPORTUNITY TO PARTICIPATE IN VARIOUS BUSINESS DEVELOPMENT OFFERINGS AND TO HELP INFLUENCE THE REGULATORY CLIMATE. THE INSTITUTE HOSTS THE WORLD OF MODULAR ANNUAL CONVENTION AND TRADE SHOW THAT PROVIDES A PLACE FOR OVER 750 INDUSTRY PROFESSIONALS TO NETWORK WITH AND LEARN FROM INDUSTRY EXPERTS FROM AROUND THE WORLD, EXCHANGE IDEAS, AND DISPLAY NEW FACTORY-BUILT STRUCTURES. IN ADDITION, THE INSTITUTE'S SEALS PROGRAM IS THE COMMERCIAL MODULAR INDUSTRY'S ONLY LABELING PROGRAM DEDICATED TO PROMOTING HIGH STANDARDS OF HONESTY, INTEGRITY, PROFESSIONAL SERVICE, AND CONDUCT. THE SEALS PROVIDE MEMBERS WITH A VISIBLE SIGN OF THEIR COMMITMENT TO THE INSTITUTE'S CODE OF ETHICS AND CONDUCT.


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Board, Officers & Key Employees

Name (title)Compensation
John Erb
Secretary
$0
Ray Girouard
Vice Preside
$0
Brad Gudeman
President
$0
Chuck Walen
Treasurer
$0
Drew Welborn
Past Preside
$0
Michael Wilmot
Vice Preside
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$1,866,447
Investment income $177
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,866,624

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