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Nonprofit · EIN 41-0414430

MIDWEST BUILDERS EXCHANGE

Tax-exempt · BLOOMINGTON, MN 55431

Financials

$1.7M$1.8M2023$1.8M$1.9M2024
Revenue Expenses · by fiscal year end
Financials of MIDWEST BUILDERS EXCHANGE by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,805,153$1,858,399-$53,246$3,539,470$1,216,985$2,322,485
December 31, 2023990$1,723,099$1,755,248-$32,149$3,583,096$1,207,365$2,375,731
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$1,637,990
Investment income
$115,677
Net gain from sales of assets
$488
Other revenue
$51,486

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$345,857
Other salaries and wages
$547,319
Salaries, compensation and benefits (total)
$1,105,126
Professional fundraising fees
$0
Legal fees
$2,306
Occupancy
$125,965
Depreciation
$73,350

Balance sheet and other

Total assets, start of year
$3,583,096
Total assets, end of year
$3,539,470
Total liabilities, end of year
$1,216,985
Net assets, end of year
$2,322,485
Land, buildings and equipment
$271,531
Net assets without donor restrictions
$2,322,485
Gross unrelated business income
$50,821
Gross receipts
$1,806,915
Employees
12
Volunteers
60
Year formed
1888
State of legal domicile
MN

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
DAVID SIEGELEXECUTIVE DIRECTOR/SECRETARY
Trustee or director, Officer
40$178,820$25,356
DONALD O'CONNOREMPLOYEE
Highest-paid employee
40$124,823$16,858
MIKE CARLSONPRESIDENT
Trustee or director, Officer
2$0$0
HEIDI SEDLACEKVICE PRESIDENT
Trustee or director, Officer
2$0$0
BRIAN KALLATREASURER
Trustee or director, Officer
2$0$0
GREG GRAZZINIPAST PRESIDENT
Trustee or director, Officer
2$0$0
DAVID BRANDTDIRECTOR
Trustee or director
2$0$0
NATE SAPIKDIRECTOR
Trustee or director
2$0$0
SEAN OCHISDIRECTOR
Trustee or director
2$0$0
KEVIN BOHRERDIRECTOR
Trustee or director
2$0$0
ALLIE BRADYDIRECTOR
Trustee or director
2$0$0
CHRIS NIEMANDDIRECTOR
Trustee or director
2$0$0
CHUCK GEISLERDIRECTOR
Trustee or director
2$0$0
JASON RENTMEESTERDIRECTOR
Trustee or director
2$0$0
JASON DUVALDIRECTOR
Trustee or director
2$0$0
990 for the year ended December 31, 2023: 15 people
NameTitleHours / weekCompensation
DAVID SIEGELSECRETARY
Trustee or director, Officer
40$175,180
DONALD O'CONNOREMPLOYEE
Highest-paid employee
40$109,616
GREG GRAZZINIPAST PRESIDENT
Trustee or director, Officer
2$0
DAVID BRANDTDIRECTOR
Trustee or director
2$0
MIKE CARLSONPRESIDENT
Trustee or director, Officer
2$0
NATE SAPIKDIRECTOR
Trustee or director
2$0
BRIAN KALLATREASURER
Trustee or director, Officer
2$0
HEIDI SEDLACEKVICE PRESIDENT
Trustee or director, Officer
2$0
SEAN OCHISDIRECTOR
Trustee or director
2$0
KEVIN BOHRERDIRECTOR
Trustee or director
2$0
ALLIE BRADYDIRECTOR
Trustee or director
2$0
CHRIS NIEMANDDIRECTOR
Trustee or director
2$0
CHUCK GEISLERDIRECTOR
Trustee or director
2$0
JASON RENTMEESTERDIRECTOR
Trustee or director
2$0
JASON DUVALDIRECTOR
Trustee or director
2$0

Address and contacts

Address (IRS master file)
3800 AMERICAN BOULEVARD WEST SUITE, BLOOMINGTON, MN 55431-4420
Principal officer (990 for 2024)
DAVID SIEGEL, 1123 GLENWOOD AVENUE, MINNEAPOLIS, MN 55405
Signed the 990
DAVID SIEGEL, EXECUTIVE DIRECTOR
Phone
(612) 381-2620
Return prepared by
SMITH SCHAFER & ASSOCIATES LTD

Mission

TO DESIGN AND OFFER PROGRAMS THAT WILL ASSIST COMPANIES IN THE CONSTRUCTION INDUSTRY AND THEIR EMPLOYEES TO GROW THROUGH THE EXCHANGE OF PLANS, SHARING OF KNOWLEDGE AND CREATION OF POWERFUL INDUSTRY CONNECTIONS. THROUGH ACHIEVEMENT OF THIS MISSION, MBEX ENSURES A VIBRANT AND INCLUSIVE CONSTRUCTION INDUSTRY THAT COLLABORATIVELY, SAFELY AND SUSTAINABLY BUILDS UPPER MIDWEST COMMUNITIES.

990 for the year ended December 31, 2024

Program accomplishments

  • PROVIDE INFORMATION VIA VIRTUAL PLAN ROOM TO GIVE COMMERCIAL CONTRACTORS WHAT THEY NEED TO PROVIDE BIDS AND ESTIMATIONS ON PROJECTS ACROSS THE REGION TO PUBLIC PLAN HOLDERS.
  • SHARE KNOWLEDGE THROUGH TWICE A YEAR MAGAZINE, WEEKLY ENEWSLETTER, ANNUAL DIRECTORY AND VIRTUAL AND IN-PERSON EDUCATIONAL OFFERINGS.
  • PROVIDE NETWORKING OPPORTUNITIES TO CREATE POWERFUL CONNECTIONS VIA ACTIVITIES SUCH AS GOLF TOURNAMENTS, SPORTING CLAYS, MEMBER MIXERS, PARKING LOT BARBECUE AND REGIONAL SOCIAL EVENTS.

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
41-0414430
Tax-exempt status
501(c)(6): Business league or chamber of commerce
Donations deductible
No
Exempt since
1945
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$3,539,470
Income (IRS master file)
$1,806,915

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,805,153$1,858,399$3,539,470XML
990December 2023$1,723,099$1,755,248$3,583,096XML
990December 2022$1,442,741$1,646,445$3,626,154IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 41-0414430).

Questions about MIDWEST BUILDERS EXCHANGE

What is the EIN of MIDWEST BUILDERS EXCHANGE?
The employer identification number (EIN) of MIDWEST BUILDERS EXCHANGE is 41-0414430.
Is MIDWEST BUILDERS EXCHANGE tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1945.
Are donations to MIDWEST BUILDERS EXCHANGE tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does MIDWEST BUILDERS EXCHANGE file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of MIDWEST BUILDERS EXCHANGE due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did MIDWEST BUILDERS EXCHANGE last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of MIDWEST BUILDERS EXCHANGE?
The 990 for the year ended December 31, 2024 names DAVID SIEGEL.
Who are the officers and directors of MIDWEST BUILDERS EXCHANGE?
The 990 for the year ended December 31, 2024 lists 15 people; 2 received compensation from the organization, the highest $178,820 (DAVID SIEGEL, EXECUTIVE DIRECTOR/SECRETARY).
How much revenue does MIDWEST BUILDERS EXCHANGE have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,805,153, expenses of $1,858,399 and total assets of $3,539,470 at year end.

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