Nonprofit · EIN 42-0399720
MASTER BUILDERS OF IOWA
Tax-exempt · WDM, IA 50266
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $322,044 | $625,153 | -$303,109 | $8,493,601 | $21,047,989 | -$12,554,388 |
| October 31, 2024 | 990 | $1,824,905 | $3,348,368 | -$1,523,463 | $8,583,305 | $20,875,256 | -$12,291,951 |
| October 31, 2023 | 990 | $1,897,852 | $3,107,067 | -$1,209,215 | $8,211,711 | $19,122,280 | -$10,910,569 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $240,334
- Investment income
- $30,717
- Net rental income
- $8,207
- Other revenue
- $50,993
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $207,879
- Salaries, compensation and benefits (total)
- $228,041
- Professional fundraising fees
- $0
- Legal fees
- $2,580
- Accounting fees
- $3,003
- Occupancy
- $33,544
- Travel
- $505
- Depreciation
- $46,446
Balance sheet and other
- Total assets, start of year
- $8,583,305
- Total assets, end of year
- $8,493,601
- Total liabilities, end of year
- $21,047,989
- Net assets, end of year
- -$12,554,388
- Land, buildings and equipment
- $5,585,704
- Net assets without donor restrictions
- -$12,554,388
- Gross unrelated business income
- $42,786
- Gross receipts
- $322,044
- Employees
- 24
- Volunteers
- 15
- Year formed
- 1912
- State of legal domicile
- IA
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.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CHAD KLEPPE | PRESIDENT/CEO Officer | 25 | $260,461 | $28,959 |
| LAURIE DELMOTT | COO Officer | 36 | $168,080 | $19,217 |
| JOE MELTON | VP INDUSTRY SERVICES Highest-paid employee | 40 | $153,750 | $29,009 |
| BEN HAMMES | VP ASSOC AFFAIRS & MBR ENGAGEMENT Highest-paid employee | 39 | $156,973 | $8,783 |
| KIM HODNE | MANAGING DIRECTOR Highest-paid employee | 40 | $122,253 | $8,267 |
| TARA RINEHART | VP OF INDUSTRY EDUCATION Highest-paid employee | 40 | $117,555 | $7,573 |
| BRANDON BLACK | DIRECTOR OF EDUCATION AND TRAINING Highest-paid employee | 40 | $111,442 | $11,593 |
| MIKE ESPESET | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| GORDON PARKER | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| MATT THOMPSON | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| RANDY CLARAHAN | PAST CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| ERIC BRIDGEWATER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| STEVE FERGUSON | DIRECTOR Trustee or director, Officer | 1 | $0 | $0 |
| AMY FETTERS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DARRIN GILETT | DIRECTOR Trustee or director | 1 | $0 | $0 |
7 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ERIC HAMMER | DIRECTOR Trustee or director | 1 | $0 |
| FRANK KING | DIRECTOR Trustee or director | 1 | $0 |
| JAMIE RICH | DIRECTOR Trustee or director | 1 | $0 |
| NICHOLE SCHMIDT | DIRECTOR Trustee or director | 1 | $0 |
| BRENT THOMPSON | DIRECTOR Trustee or director | 1 | $0 |
| JOEL VEENSTRA | DIRECTOR Trustee or director | 1 | $0 |
| DAN WARD | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended October 31, 2024: 22 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CHAD KLEPPE | PRESIDENT/CEO Officer | 25 | $262,159 | $21,070 |
| JOE MELTON | VP INDUSTRY SERVICES Highest-paid employee | 40 | $145,146 | $28,845 |
| LAURIE DELMOTT | COO Officer | 36 | $154,046 | $16,378 |
| BEN HAMMES | VP ASSOC AFFAIRS & MBR ENGAGEMENT Highest-paid employee | 39 | $147,923 | $8,591 |
| BRANDON BLACK | DIRECTOR OF EDUCATION AND TRAINING Highest-paid employee | 40 | $106,380 | $13,600 |
| MIKE ESPESET | CHAIRMAN (BEG MAR 24) Trustee or director, Officer | 1 | $0 | $0 |
| GORDON PARKER | VICE CHAIR (BEG MAR 24) Trustee or director, Officer | 1 | $0 | $0 |
| MATT THOMPSON | TREASURER (BEG MAR 24) Trustee or director, Officer | 1 | $0 | $0 |
| RANDY CLARAHAN | PAST CHAIRMAN (BEG MAR 24) Trustee or director, Officer | 1 | $0 | $0 |
| PAUL KOESTER | PAST CHAIRMAN (THRU FEB 24) Trustee or director, Officer | 1 | $0 | $0 |
| RUSS ACTON | DIRECTOR (THRU FEB 24) Trustee or director | 1 | $0 | $0 |
| ERIC BRIDGEWATER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| STEVE FERGUSON | DIRECTOR Trustee or director, Officer | 1 | $0 | $0 |
| AMY FETTERS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DARRIN GILETT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ERIC HAMMER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| FRANK KING | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JAMIE RICH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| NICHOLE SCHMIDT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRENT THOMPSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOEL VEENSTRA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAN WARD | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended October 31, 2023: 21 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CHAD KLEPPE | PRESIDENT/CEO Officer | 25 | $252,991 | $20,012 |
| LAURIE DELMOTT | COO Officer | 36 | $152,846 | $15,530 |
| BEN HAMMES | MANAGER Highest-paid employee | 39 | $141,396 | $8,224 |
| JOE MELTON | KEY EMPLOYEE Highest-paid employee | 40 | $124,695 | $23,095 |
| RANDY CLARAHAN | CHAIRMAN (BEG MAR 23) Trustee or director, Officer | 1 | $0 | $0 |
| MIKE ESPESET | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| GORDON PARKER | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| STEVE FERGUSON | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| PAUL KOESTER | PAST CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| RUSS ACTON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| AMY FETTERS | DIRECTOR (BEG APR 23) Trustee or director | 1 | $0 | $0 |
| ERIC HAMMER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| FRANK KING | DIRECTOR Trustee or director | 1 | $0 | $0 |
| STEVE LANG | DIRECTOR (THRU FEB 23) Trustee or director | 1 | $0 | $0 |
| NICHOLE SCHMIDT | DIRECTOR (BEG APR 23) Trustee or director | 1 | $0 | $0 |
| DON SNYDER | DIRECTOR (THRU FEB 23) Trustee or director | 1 | $0 | $0 |
| KATY SUSONG | DIRECTOR (BEG APR 23) Trustee or director | 1 | $0 | $0 |
| BRENT THOMPSON | DIRECTOR (BEG APR 23) Trustee or director | 1 | $0 | $0 |
| MATT THOMPSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SCOTT TURCZYNSKI | DIRECTOR (THRU FEB 23) Trustee or director | 1 | $0 | $0 |
| DAN WARD | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 4100 WESTOWN PKWY, WDM, IA 50266-5915
- In care of
- % CHAD KLEPPE
- Principal officer (990 for 2024)
- CHAD KLEPPE, 4100 WESTOWN PARKWAY, WEST DES MOINES, IA 50266
- Signed the 990
- CHAD KLEPPE, PRESIDENT
- Phone
- (515) 657-4397
- Website
- WWW.MBIONLINE.COM
- Return prepared by
- RSM US LLP
Mission
THE PRIMARY OBJECTIVE OF MASTER BUILDERS OF IOWA IS TO DISSEMINATE CONSTRUCTION INDUSTRY INFORMATION FOR THE BENEFIT OF ITS MEMBERS AND THE CONSTRUCTION INDUSTRY, INCLUDING BUT NOT LIMITED TO LABOR AND SAFETY INFORMATION, NEWS, CONSTRUCTION PROJECT BID INFORMATION AND ANY OTHER INFORMATION THAT MAY AFFECT THE CONSTRUCTION INDUSTRY.
Program accomplishments
- THE MISSION OF MASTER BUILDERS OF IOWA IS TO BE THE ESSENTIAL RESOURCE FOR IMPROVING MEMBER PERFORMANCE AND PROMOTING A BUSINESS ENVIRONMENT FAVORABLE TO THE CONSTRUCTION INDUSTRY. WE OFFER A WIDE RANGE OF EDUCATIONAL, PROFESSIONAL DEVELOPMENT, AND TRAINING OPPORTUNITIES.
- KEEPING MEMBERS INFORMED IS ONE THE MASTER BUILDERS OF IOWA PRIMARY OBJECTIVES. MBI PROVIDES A NUMBER OF INFORMATION PRODUCTS THAT ENSURE ITS MEMBERS ARE THE BEST INFORMED CONTRACTORS IN THE CONSTRUCTION BUSINESS.
- MASTER BUILDERS OF IOWA EMPLOYS TWO LABOR RELATIONS SPECIALISTS WHO PROVIDE MEMBERS WITH A FULL RANGE OF SERVICES TO ASSIST THEM IN DEALING WITH WORKFORCE ISSUES. THESE ISSUES INCLUDE SUCH COMPLEX ISSUES AS STATE AND FEDERAL EMPLOYMENT REGULATIONS, LABOR RELATIONS, WAGE NEGOTIATIONS, AFFIRMATIVE ACTION POLICIES AND EMPLOYMENT DISCRIMINATION.
- GOVERNMENT/LEGISLATIVE AFFAIRSCONVENTION/EXPOSITIONINDUSTRY RELATIONSRECOGNITION PROGRAMS/AWARDS
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | Check at the IRS |
IRS record
- EIN
- 42-0399720
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1958
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $8,493,601
- Income (IRS master file)
- $322,044
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $322,044 | $625,153 | $8,493,601 | IRS |
| 990 | October 2024 | $1,824,905 | $3,348,368 | $8,583,305 | XML |
| 990 | October 2023 | $1,897,852 | $3,107,067 | $8,211,711 | XML |
| 990 | October 2022 | $2,865,317 | $3,026,312 | $9,347,173 | IRS |
| 990 | October 2021 | – | – | – | IRS |
| 990 | October 2020 | – | – | – | IRS |
| 990 | October 2019 | – | – | – | IRS |
| 990 | October 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 42-0399720).
Questions about MASTER BUILDERS OF IOWA
- What is the EIN of MASTER BUILDERS OF IOWA?
- The employer identification number (EIN) of MASTER BUILDERS OF IOWA is 42-0399720.
- Is MASTER BUILDERS OF IOWA tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1958.
- Are donations to MASTER BUILDERS OF IOWA tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does MASTER BUILDERS OF IOWA 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 MASTER BUILDERS OF IOWA 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 MASTER BUILDERS OF IOWA 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 MASTER BUILDERS OF IOWA?
- The 990 for the year ended December 31, 2024 names CHAD KLEPPE.
- Who are the officers and directors of MASTER BUILDERS OF IOWA?
- The 990 for the year ended December 31, 2024 lists 22 people; 7 received compensation from the organization, the highest $260,461 (CHAD KLEPPE, PRESIDENT/CEO).
- How much revenue does MASTER BUILDERS OF IOWA have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $322,044, expenses of $625,153 and total assets of $8,493,601 at year end.
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