2024-10-07T11:45:03-05:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 901 NORTH GLEBE ROAD SUITE 200 ARLINGTON VA 22203 990 2023-01-01 521266885 HOME BUILDERS INSTITUTE HOME 2023710600 1201 15TH STREET NW 6TH FLOOR WASHINGTON DC 20005 JEREMY ALBRITTON CFO 2023710600 2024-09-24 1 1 ROBERT WILLIAMS P01345960 5712279500 2024-09-24 2023 2024-10-15 13:58:12Z HBI EDWARD BRADY 1201 15TH STREET NW 6TH FLOOR WASHINGTON DC 20005 50623652 0 1 X WWW.HBI.ORG X 1981 DC HBI EDUCATES AND PREPARES INDIVIDUALS FOR CAREERS IN THE BUILDING INDUSTRY 25 25 389 28 0 0 40017647 46394344 0 0 16700 379355 0 0 40034347 46773699 0 0 0 0 27984804 30549829 120000 121000 753556 10096869 14461587 38201673 45132416 1832674 1641283 17695686 18481333 10235577 9439827 7460109 9041506 X WE CHANGE LIVES BY EDUCATING, INSPIRING, AND PREPARING INDIVIDUALS FOR CAREERS IN THE BUILDING INDUSTRY. 0 0 22553571 0 0 JOB CORPSUNDER A FEDERAL AWARD WITH THE U.S. DEPARTMENT OF LABOR, HBI PROVIDES AT-RISK YOUTH WITH REAL-LIFE, HANDS-ON VOCATIONAL TRAINING THROUGH THE JOB CORPS PROGRAM. 14153654 0 0 WORKFORCE TRAINING & EMPLOYMENTHBI PROVIDES VOCATIONAL INSTRUCTION THROUGH A VARIETY OF OTHER PROGRAMS AND EMPOWERS DIVERSE STUDENTS INCLUDING:- MILITARY PROGRAMS: FUNDED BY THE HOME DEPOT FOUNDATION, HBI SERVES TRANSITIONING SERVICE MEMBERS ON OR NEAR 10 MILITARY INSTALLATIONS- COMMUNITY & CORRECTIONS: LOCAL PARTNERSHIPS AND TRAINING FOR JUSTICE-INVOLVED INDIVIDUALS, VETERANS AND THEIR FAMILIES- BUILDSTRONG ACADEMIES: OPEN TO THE PUBLIC AND FREE TO ALL STUDENTS, HBI OPENED ITS FIRST BUILDSTRONG ACADEMY IN ORLANDO IN 2021, AND HAS FIVE ACADEMIES TOTAL AS OF 12/31/23 1804269 0 0 FUTURE BUILDERS OF AMERICA HBI LICENSES ITS PROPRIETARY PRE-APPRENTICESHIP CURRICULUM TO SCHOOLS AND OTHER INSTITUTIONS AROUND THE COUNTRY. THIS CURRICULUM PROVIDES A FRAMEWORK AND TOOLKIT FOR TEACHING RESIDENTIAL CONSTRUCTION SKILLS FOR ALL TYPES OF LEARNERS. DURING THE YEAR ENDED 2022, HBI HAD 23,766 ACTIVE STUDENTS ACROSS ALL PROGRAMMING AND ISSUED 10,792 PRE-APPRENTICESHIP CERTIFICATES. 123219 0 0 OTHER PROGRAMS 123219 0 0 38634713 1 1 0 1 0 0 0 0 0 0 1 0 0 1 1 0 1 1 1 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 50 0 1 389 1 0 0 0 0 0 0 0 0 0 0 0 0 X 25 25 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X JEREMY ALBRITTON 2023710600 1201 15TH STREET NW WASHINGTON DC 20005 PAMELA PATENAUDE CHAIR 0.30 X X 0 0 0 KRISTEN AMUNDSON TRUSTEE (THRU 02/23) 0.30 X 0 0 0 CHUCK BAKER TRUSTEE 0.30 X 0 0 0 CARIN MARCY BARTH TRUSTEE 0.30 X 0 0 0 ALFONSO COSTA JR TRUSTEE 0.30 X 0 0 0 ERIN DEWEESE TRUSTEE 0.30 X 0 0 0 STEVE DEWITT TRUSTEE 0.30 X 0 0 0 DR BRYON L ERNEST TRUSTEE 0.30 X 0 0 0 CHUCK FOWKE TRUSTEE 0.30 X 0 0 0 FERNANDO GIL-ENSENANT TRUSTEE 0.30 X 0 0 0 EUGENE GRAF TRUSTEE 0.30 X 0 0 0 CARL HARRIS TRUSTEE 0.30 X 0 0 0 GEORGE HESS TRUSTEE 0.30 X 0 0 0 TIM HOURIGAN TRUSTEE 0.30 X 0 0 0 GERALD HOWARD TRUSTEE 0.30 X 0 0 0 BRIAN JOHNSON TRUSTEE 0.30 X 0 0 0 MEL MARTINEZ TRUSTEE 0.30 X 0 0 0 ADAM ROCKE TRUSTEE 0.30 X 0 0 0 CASEY SACKS TRUSTEE 0.30 X 0 0 0 SCOTT SEDAM TRUSTEE 0.30 X 0 0 0 BRAD SIMONS VICE CHAIR 0.30 X X 0 0 0 GREGORY UGALDE TRUSTEE 0.30 X 0 0 0 TOM WINTERS TRUSTEE 0.30 X 0 0 0 RENEE ZENTZ TRUSTEE 0.30 X 0 0 0 PATSY SMITH TRUSTEE EMERITUS 0.30 X 0 0 0 EDWARD BRADY PRESIDENT AND CEO 40.00 X 559026 0 65483 JEREMY ALBRITTON SR VP & CFO 40.00 X 278847 0 26393 LAUREN SULLIVAN CHIEF OF STAFF 40.00 X 178738 0 28279 JEREMY HURLEY VP WTE 40.00 X 189373 0 14904 GREGG ROMANO SVP, PROGRAM OPERATIONS 40.00 X 224495 0 34505 TAMMY JO SCRIVEN VP OF HUMAN RESOURCES 40.00 X 218952 0 18487 BETHANY SHEAN VP OF EDUCATION SERVICES 40.00 X 168743 0 21772 EMILY PRICE SVP, DEVELOPMENT AND PARTNERSHIPS 40.00 X 184657 0 45079 STEPHEN COUSINS AVP, CUSTOMER ENGAGEMENT 40.00 X 132804 0 40306 JOHN RODGERS DIRECTOR OF PROGRAM MANAGEMENT 40.00 X 123584 0 55750 MARIJIA BAILEY AVP FINANCE/CONTROLLER 40.00 X 161323 0 9517 LAUREN JOHNSON AVP PROGRAM PERFORMANCE 40.00 X 118663 0 41631 GRETCHEN CANTALI VP JOB CORPS 40.00 X 149732 0 11378 2688937 0 413484 28 0 1 0 VIAEDTECHNOLOGIES LLC DBA MYNDDSET 418 RAILROAD ST DANVILLE PA 17821 PROFESSIONAL SERVICES 311250 GRANDMASTERS LLC 704 228TH AVE NE SUITE 332 SAMMAMISH WA 98074 PROFESSIONAL SERVICES 127151 HIGHWOOD CAPITAL PO BOX 6127 BOZEMAN MT 59771 PROFESSIONAL SERVICES 121000 3 32765072 13629272 300000 46394344 216748 216748 4012560 3849953 162607 162607 162607 46773699 0 0 379355 2210879 1925373 250619 34887 20429581 17792195 2315001 322385 1424154 1240302 161379 22473 4967625 4325013 564222 78390 1517590 1321669 171973 23948 36264 36264 135299 135299 121000 121000 17496 17496 1760263 869564 783730 106969 6265 4789 1468 8 1343981 891138 447596 5247 1224980 1018136 193692 13152 2347747 2028043 298955 20749 1804 1804 112056 112056 221339 205494 15845 TRAINING 5857655 5792129 64831 695 OTHER DIRECT EXPENSES 793269 657062 134742 1465 PROGRAM DEVELOPMENT 338309 338235 74 COMMUNICATIONS 264860 225571 37101 2188 45132416 38634713 5744147 753556 3251779 10140342 6923073 3961156 349500 323524 1107328 860566 215445 246762 4033549 1142269 2922340 2667280 17695686 18481333 3871441 3996962 3001017 2394781 3363119 3048084 10235577 9439827 X 6540877 7237226 919232 1804280 7460109 9041506 17695686 18481333 1641283 -59886 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 38500 38500 38596213 38634713 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 38635 42135 42000 38500 161270 250000 250000 250000 250000 1000000 1500000 242237 58137 184100 865091 802429 62662 246762 RIGHT-OF-USE ASSETS, NET 2667280 2667280 LEASE LIABILITIES, NET 3048084 3048084 46696317 -59886 -59886 46756203 17496 17496 46773699 45114920 0 45114920 17496 17496 45132416 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 STAFF INFORMS THE STUDENTS THAT WE COMPLY BY A RACIALLY NONDISCRIMINATORY POLICY IN THEIR PROGRAM ORIENTATIONS, OUTREACH AND PRESENTATIONS TO THE COMMUNITY. SCHEDULE E, PART I, LINE 6 HBI RECEIVES DIRECT AND/OR PASS-THROUGH AWARDS FROM THE U.S. DEPARTMENT OF LABOR FOR THE FOLLOWING PROGRAMS: -H-1B JOB TRAINING GRANTS (JOB CORPS) RECOVERY ACT - WORKFORCE INVESTMENT ACT YOUTH ACTIVITIES: -- YOUTH BUILD - PATHSTONE PUERTO RICO WORKFORCE INNOVATION AND OPPORTUNITY ACT (WIOA): -- CAREERSOURCE - CENTRAL FLORIDA HUD X X 1 HIGHWOOD CAPITAL PO BOX 6127 BOZEMAN MT 59771 FUNDRAISING CONSULTANCY 0 0 121000 -121000 121000 -121000 AL AK AR CA CO CT DE DC FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA PR RI SC SD TN TX UT VT VA WA WV WI WY X X X X X X 0 0 0 0 0 0 0 0 0 EDWARD BRADY PRESIDENT AND CEO 436023 0 123003 0 0 0 35319 0 30164 0 624509 0 0 0 JEREMY ALBRITTON SR VP & CFO 262696 0 16151 0 0 0 21393 0 5000 0 305240 0 0 0 GREGG ROMANO SVP, PROGRAM OPERATIONS 212931 0 11564 0 0 0 16783 0 17722 0 259000 0 0 0 TAMMY JO SCRIVEN VP OF HUMAN RESOURCES 208166 0 10786 0 0 0 16669 0 1818 0 237439 0 0 0 EMILY PRICE SVP, DEVELOPMENT AND PARTNERSHIPS 174413 0 10244 0 0 0 14790 0 30289 0 229736 0 0 0 LAUREN SULLIVAN CHIEF OF STAFF 168463 0 10275 0 0 0 13606 0 14673 0 207017 0 0 0 JEREMY HURLEY VP WTE 179023 0 10350 0 0 0 14336 0 568 0 204277 0 0 0 BETHANY SHEAN VP OF EDUCATION SERVICES 168743 0 0 0 0 0 13722 0 8050 0 190515 0 0 0 JOHN RODGERS DIRECTOR OF PROGRAM MANAGEMENT 123584 0 0 0 0 0 10821 0 44929 0 179334 0 0 0 STEPHEN COUSINS AVP, CUSTOMER ENGAGEMENT 132804 0 0 0 0 0 10942 0 29364 0 173110 0 0 0 MARIJIA BAILEY AVP FINANCE/CONTROLLER 161323 0 0 0 0 0 9517 0 0 0 170840 0 0 0 GRETCHEN CANTALI VP JOB CORPS 149732 0 0 0 0 0 11378 0 0 0 161110 0 0 0 LAUREN JOHNSON AVP PROGRAM PERFORMANCE 118663 0 0 0 0 0 9968 0 31663 0 160294 0 0 0 X BUILDING MATERIALS & EQUIPMENT 3 300000 FMV 0 0 0 0 PART I, COLUMN (B): NUMBER OF ITEMS ARE REPORTED IN COLUMN B. FORM 990, PART VI, SECTION A, LINE 1A THE INSTITUTE HAS AN EXECUTIVE COMMITTEE, WHICH MAY EXERCISE THE BOARD'S AUTHORITY IN BETWEEN MEETINGS OF THE BOARD OF TRUSTEES, AND IS ACCOUNTABLE TO THE BOARD OF TRUSTEES FOR ITS DECISIONS. THE EXECUTIVE COMMITTEE SPECIFICALLY HAS THE DUTY TO APPROVE THE APPOINTMENT OF ALL ATTORNEYS, ACCOUNTANTS, AND OTHER OUTSIDE CONSULTANTS, OTHER THAN SUBCONTRACTORS HIRED TO PERFORM ROUTINE TASKS IN THE FIELD. THE EXECUTIVE COMMITTEE SHALL BE COMPOSED OF FIVE MEMBERS, WHO SHALL BE THE CHAIRMAN, VICE CHAIRMAN, AND THREE OTHER TRUSTEES RECOMMENDED BY THE CHAIRMAN WITH THE APPROVAL OF TWO-THIRDS OF THE BOARD. THE PRESIDENT OF HBI SHALL SERVE AS AN EX-OFFICIO MEMBER OF THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION B, LINE 11B AFTER PREPARATION FROM THE PROVIDER, THE DRAFT IS REVIEWED BY THE CONTROLLER, CFO, AND CEO PRIOR TO BEING SENT TO THE BOARD FOR FINAL REVIEW. FORM 990, PART VI, SECTION B, LINE 12C AT THE BOARD'S INITIAL MEETING FOR THE CALENDAR YEAR, THE CONFLICT OF INTEREST POLICY IS REVIEWED. THEY ARE GIVEN A COPY FOR THE POLICY TO READ AND SIGN A FORM TO INDICATE THAT THEY UNDERSTAND THE POLICY AND AGREE TO COMPLY WITH IT. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE OF THE BOARD SERVES, AMONG THEIR DUTIES, AS THE COMPENSATION COMMITTEE. THEY REVIEW, NEGOTIATE AND APPROVE AND CHANGES TO THE COMPENSATION OF THE CEO. COMPENSATION OF OFFICERS IS BASED ON THE DISCRETION OF THE CEO WITHIN THE CONTEXT OF THE BOARD APPROVED BUDGET. FOR OTHER STAFF COMPENSATION, THE HUMAN RESOURCES DEPARTMENT UTILIZES THIRD PARTY SUPPORT AND MARKET DATA TO CONDUCT COMPENSATION STUDIES AND PERIODICALLY ADJUSTS SALARY BANDS ACCORDINGLY. THE HUMAN RESOURCES TEAM ALSO LEADS THE ANNUAL PERFORMANCE REVIEW PROCESS WHEREBY INDIVIDUALS ARE PLOTTED WITHIN THEIR RESPECTIVE BAND BASED ON PERFORMANCE FACTORS. CURRENTLY, THE BOARD HAS COMMISSIONED A MARKETPLACE STUDY AND AN INDEPENDENT CONSULTANT TO PROVIDE DATA AND RECOMMENDATIONS TO THE EXECUTIVE COMMITTEE RELATED TO THE CEO'S COMPENSATION AND OTHER RELEVANT DATA FOR COMPENSATION OF THE EXECUTIVE TEAM (I.E. TOP MANAGEMENT). AT LEAST ANNUALLY THE EXECUTIVE TEAM (MANAGEMENT) REVIEWS THE COMPENSATION POLICY TO ENSURE THAT PROCESSES ARE PRUDENT AND BEING ADHERED TO. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2023. FORM 990, PART VI, SECTION C, LINE 19 HBI'S FORM 990, GOVERNING POLICIES, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE AUDIT REVIEW PROCESS HAS REMAINED UNCHANGED FROM THE PRIOR YEAR.