Annual Report
2024
ANNUAL REPORT 2024
MESSAGE
The Chairman
"I am confident you will see that MBI is actively working to promote construction and advocate for this industry. Through this report, you can also find many ways in which you and your company can become more engaged with the mission of MBI to advance Iowa’s commercial building industry.."
- Mike Espeset | Story Construction
"
FROM
"Master Builders of Iowa is constantly working to provide added benefits for the investment made by member companies, while assuring that these efforts are timely, relevant, and address the needs of the industry."
-Chad Kleppe - President/CEO
ADVANCING THE
INDUSTRY
"
THE BREAKFAST CLUB
"The 2024 Legislative Session was another "do no harm" period for MBI. However, we were successful in fixing a double sale taxation issue, advocated for some major economic development program changes and supported the effort to accelerate income tax cuts. This was a very pro-business session we were proud to play a part in. With the 2024 elections behind us, we are in a strong position heading into the 2025 Legislative Session.
- Ben Hammes - Vice President of Association Affairs and Member Engagement
Advocacy
"
MBI-PAC SPORTING CLAY 2024
“I find my energy in galvanizing and mobilizing people around a common goal, working together to unlock the genius potential within everyone. Looking back on this year, we did just that. We have significantly expanded our educational and training offerings to cultivate the essential skills builders need now and in the future. MBI remains committed to delivering critical programs in project management, field leader development, blueprint reading, and various technical safety classes.
In 2024, MBI members benefitted from several exclusive MBI-LIVE trainings at no cost. This commitment to education will carry into the new year. The pinnacle experience of EliteX also exceeded expectations, providing members with coaching and insights from some of the best speakers across the country, empowering them to grow and excel.”
- Tara Rinehart - Vice President of Industry Education
Education
"
MB EYE ON THE FUTURE
LEADERSHIP DEVELOPMENT SERIES
MEMBER ENGAGEMENT
Engagements are the leading indicator of how we do business with our members. Through Advocacy, Education and Resources we aim to always break the previous year’s mark, thereby continuously adding value to your membership.
MBI Memberships
522
1129
Online Subscribers
1592
Winter Conference Attendees
375
Breakfast Club Attendance
117
YBuilders
Industry Personnel Trained - Professional Development Sessions
3390
4875
Industry Field Workers Trained - Certification or Safety Related Training
13952
Social Media Followers
2426
Podcast Downloads
55
Summer Interns
PAC Contributors
106
Participants for PAC Golf & PAC Sporting Clays
308
Enrolled in Master Builder Designation Program
1569
Exceptional Field Workers Recognized During Construction Week
177
238
MBI Members who volunteer & serve on committees
MBI Members Who Serve in the Leadership Pool
352
Job Site Visits By CSSI
1262
Daily Project Information Subscribers of The Source
1681
Wage Survey Participants
96
TOTAL NUMBER OF MEMBER ENGAGEMENTS
37,988
FINANCIALS
MBI remains in a very strong financial position.
For the fiscal year 2023-2024 that ended on October 31, 2024, MBI finished with income totaling $4,073,360. Whereas, total expenses incurred over this past fiscal year equated to $3,824,557. At year-end, MBI finished with a net operating income of $248,803.
INCOME - $4,073,360
DUES = 27% - $1,105,387
SEMINAR & TRAINING = 30% - $1,227,640
PLAN ROOM = 35% - $1,412,097
OTHER = 8% - $328,236
35%
27%
30%
8%
MBI WORKS FUND
As of October 31, 2024
$5,806,187
MBI RESERVES FUND
As of October 31, 2024
$1,120,772
SCHOLARSHIP EDUCATION FUND
As of October 31, 2024
$636,006
CASH ON HAND (including short term CD's)
As of October 31, 2024
$1,269,619
EXPENSES - $3,824,557
MEMBER SERVICES = 45% - $1,711,922
OVERHEAD = 12% - $464,343
PAYROLL = 36% - $1,383,760
DEPRECIATION = 7% - $264,532
45%
7%
12%
36%
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