Mbi-Works Endowment
- Assets
- $5.1m
- Revenue
- $245.6k
- Investments
- $5.1m
- Employees
- 0
- Location
- West Des Moines, IA
- Founding
- 09/2019
- Data as of
- 10/2023
- EIN
- 83-3071868
Organization Overview
Mbi-Works Endowment is located in West Des Moines, IA. The organization was established in 2019. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mbi-Works Endowment is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 10/2023, Mbi-Works Endowment generated $245.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (45.1%) each year. All expenses for the organization totaled $260.9k during the year ending 10/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Mbi-Works Endowment has awarded 19 individual grants totaling $578,284. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT, ADVANCE, AND CREATE INTEREST IN CAREERS, EDUCATION AND WORKFORCE DEVELOPMENT FOR THE IOWA COMMERCIAL CONSTRUCTION INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chad Kleppe President/ceo | Officer | 1 | $0 |
Laurie Delmott COO | Officer | 1 | $0 |
Paul Koester Chairman | OfficerTrustee | 1 | $0 |
Randy Clarahan Vice Chair | OfficerTrustee | 1 | $0 |
Nicole Schmidt Secretary | OfficerTrustee | 1 | $0 |
Steve Lang Past Chairman | OfficerTrustee | 1 | $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 | $0 |
| Investment income | $226,776 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $18,788 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $245,564 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $239,798 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,158 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $16,945 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $260,901 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $5,058,165 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,058,166 |
| Accounts payable and accrued expenses | $1,641 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,641 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $1,202,680 |
| Total liabilities and net assets/fund balances | $5,058,166 |
Grants Awarded
Over the last fiscal year, Mbi-Works Endowment has awarded $203,734 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
GIRLS INC OF SIOUX CITY PURPOSE: GENERAL FUND | $21,900 |
DENVER HIGH SCHOOL PURPOSE: PURCHASE/IMPLEMENT NEW SHOP EQUIPMENT | $35,000 |
BOYS AND GIRLS CLUB OF CENTRAL IOWA PURPOSE: GENERAL FUND | $25,000 |
FREEDOM FOR YOUTH INC PURPOSE: GENERAL FUND | $20,000 |
SKILLSUSA INC PURPOSE: GENERAL FUND | $9,334 |
FOREST AVENUE OUTREACH PURPOSE: GENERAL FUND | $30,000 |