Civic Intelligence

Marba Industry Advancement Fund

990 • Fiscal year 2021 • EIN 36-7255576

Jan 01, 2021 to Dec 31, 2021 • Filed on Sep 15, 2022

Organization ProfileN/A
6525 Centurion DriveLansing, MI 48917-9275

(517) 321-7502

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

94th percentile

0.72x

Higher debt load relative to assets than 94% of similar nonprofits.

2021 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

58th percentile

0.26x

Higher debt load relative to revenue than 58% of similar nonprofits.

2021 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2021

Net Margin

25th percentile

1.4%

Higher net margin than 25% of similar nonprofits.

2021 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

25th percentile

$0

Higher top officer pay than 25% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2021

Asset Growth

87th percentile

39%

Faster asset growth than 87% of similar nonprofits.

2021 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

44th percentile

6.2%

Faster revenue growth than 44% of similar nonprofits.

2021 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets94th percentile

Assets

Up

$608,313

Up $171,531 (+39%) from 2020

Net Assets

Up

$168,294

Up $23,500 (+16%) from 2020

Liabilities

Up

$440,019

Up $148,031 (+51%) from 2020

Revenue And Expenses
Liabilities / Revenue58th percentileNet Margin25th percentile

Revenue

Up

$1,690,743

Up $97,995 (+6.2%) from 2020

Expenses

Up

$1,667,243

Up $69,873 (+4.4%) from 2020

Net Income

Up

$23,500

Up $28,122 (+608%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth87th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$800K$600K$400K$200K$0Assets 2019: $548,663Liabilities 2019: $399,247Net Assets 2019: $149,4162019Assets 2020: $436,782Liabilities 2020: $291,988Net Assets 2020: $144,7942020Assets 2021: $608,313Liabilities 2021: $440,019Net Assets 2021: $168,2942021Assets 2022: $626,563Liabilities 2022: $443,068Net Assets 2022: $183,4952022Assets 2023: $603,436Liabilities 2023: $498,430Net Assets 2023: $105,0062023Assets 2024: $559,753Liabilities 2024: $436,972Net Assets 2024: $122,7812024

Highlighted filing

2021

Assets$608,313
Liabilities$440,019
Net Assets$168,294
Open 2021 Filing

Operations Trend

Revenue Growth44th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2019: $1,834,498Expenses 2019: $1,826,630Net Income 2019: $7,8682019Revenue 2020: $1,592,748Expenses 2020: $1,597,370Net Income 2020: -$4,6222020Revenue 2021: $1,690,743Expenses 2021: $1,667,243Net Income 2021: $23,5002021Revenue 2022: $1,873,723Expenses 2022: $1,858,522Net Income 2022: $15,2012022Revenue 2023: $2,158,446Expenses 2023: $2,236,935Net Income 2023: -$78,4892023Revenue 2024: $2,128,908Expenses 2024: $2,111,133Net Income 2024: $17,7752024

Highlighted filing

2021

Revenue$1,690,743
Expenses$1,667,243
Net Income$23,500
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Sep 15, 2022
Return Version
2021v4.2
Gross Receipts
$1,690,743
Mission and Program Overview

Mission

To advance and promote the construction industry within the mid-america regional bargaining association

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$240,500$362,029▲ $121,529
Accounts Receivable$196,174$244,781▲ $48,607
Prepaid Expenses and Deferred Charges$108$1,503▲ $1,395
Total Assets$436,782$608,313▲ $171,531
Liabilities
Other Liabilities$290,896$437,581▲ $146,685
Accounts Payable and Accrued Expenses$1,092$2,438▲ $1,346
Total Liabilities$291,988$440,019▲ $148,031
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$144,794$168,294▲ $23,500
Total Net Assets Fund Balance$144,794$168,294▲ $23,500
Total Liabilities and Net Assets / Fund Balance$436,782$608,313▲ $171,531
Compensation and Service Providers
Top Officer Pay25th percentile

Board Members and Trustees

NameTitle
James SzaboTrustee
Kathleen KapovichTrustee
Larry EckardtTrustee
Nora DegnanTrustee
Seth GudemanTrustee
William CollinsTrustee
William VignocchiTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,683,243
Investment Income
$0
Other Revenue
$7,500
Change in Net Assets
$23,500

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,690,743
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,690,743
Total Revenue per Form 990
$1,690,743
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,667,243
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Payments to Affiliates---$1,113,276
Fees for Services Management---$532,164
Fees for Services Legal---$9,555
Fees for Services Accounting---$6,500
Office Expenses---$4,425
Insurance---$1,323
Total Functional Expenses$0$0$0$1,667,243

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,667,243
Total Expenses per Audited Statements$1,667,243
Total Expenses per Form 990$1,667,243
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Distr Payable to Associations$437,581
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 6

“Line 6 explanation - THERE ARE TWO MEMBERSHIP CLASSES: ASSOCIATION MEMBERS AND ASSOCIATE MEMBERS. ASSOCIATION MEMBERS SHALL INCLUDE ANY EMPLOYER ASSOCIATION WHICH REPRESENTS, FOR PURPOSES OF COLLECTIVE BARGAINING WITH CONSTRUCTION TRADE UNIONS, CONTRACTORS OR SUB-CONTRACTORS ENGAGED IN ANY TYPE OF CONSTRUCTION WORK, INCLUDING ANY GROUP OF CONTRACTORS OR SUB-CONTRACTORS WHICH HAS NOT ESTABLISHED A FORMAL ASSOCIATION BUT HAS TRADITIONALLY BARGAINED JOINTLY WITH AND HAS HISTORIC BARGAINING RIGHTS WITH ONE OR MORE CONSTRUCTION TRADE UNIONS. ASSOCIATE MEMBERS CONSIST OF ANY ASSOCIATION WHOSE INDIVIDUAL MEMBERS ENGAGE IN CONSTRUCTION ACTIVITIES THAT ARE NOT COVERED BY EXISTING FUND CONTRACTS, OR ANY ASSOCIATION WHOSE AREA OF BUSINESS IS OUTSIDE OF FUND'S AREA. ASSOCIATE MEMBERS SHALL NOT BE ENTITLED TO VOTING RIGHTS.”

Form 990, Part VI, Section A, line 7A

“Line 7a explanation - EACH MEMBER ASSOCIATION IN GOOD STANDING SHALL DESIGNATE ITS TRUSTEE, AND IF THE FUND'S BOARD OF TRUSTEES APPROVES OF THAT RECOMMENDATION, IT SHALL APPOINT THE INDIVIDUAL AS A TRUSTEE OF THE FUND.”

Form 990, Part VI, Section B, line 11B

“The board authorizes the third-party administrator along with the chairman, secretary and legal counsel to review the filing.”

Form 990, Part VI, Section B, line 12C

“The Board reviews the written conflict of interest policy annually and reviews any activity that is not in compliance with the written document.”

Form 990, Part VI, Section C, line 19

“Plan documents are released to any entity or individual upon the trustees' authorization or when needed to be available as required by applicable laws.”

Filing and Contact Details

Filer

Filer Name
Marba Industry Advancement Fund
EIN
36-7255576
Phone
5173217502
Address
6525 CENTURION DRIVE, LANSING, MI 48917-9275

Signing Officer

Name
Kathleen Kapovich
Title
Chairman
Phone
5173217502
Signed
2022-09-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kathleen Kapovich
Formed
1998
Legal Domicile
Il
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
0

Preparer

Firm
Calibre CPA Group PLLC
Address
230 West Monroe St Ste310, Chicago, IL 60606
Preparer
Howard Simon
Phone
3126550037
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

“NO CHANGE IN PROCESS.”

Financial Statement Notes

Part X, Line 2:

“Management is required to evaluate tax positions taken by the Fund and recognize a tax liability (or asset) if the Fund has taken an uncertain position that more likely than not would not be sustained upon examination by the taxing authorities. As of December 31, 2021 and 2020, there were no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. The Fund's Forms 990, Return of Organization Exempt from Income Tax, for the fiscal years ending 2018, 2019 and 2020 are subject to examination by the IRS, generally for three years after they were filed.”

Raw XML Appendix310 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Management is required to evaluate tax positions taken by the Fund and recognize a tax liability (or asset) if the Fund has taken an uncertain position that more likely than not would not be sustained upon examination by the taxing authorities. As of December 31, 2021 and 2020, there were no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. The Fund's Forms 990, Return of Organization Exempt from Income Tax, for the fiscal years ending 2018, 2019 and 2020 are subject to examination by the IRS, generally for three years after they were filed.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Line 6 explanation - THERE ARE TWO MEMBERSHIP CLASSES: ASSOCIATION MEMBERS AND ASSOCIATE MEMBERS. ASSOCIATION MEMBERS SHALL INCLUDE ANY EMPLOYER ASSOCIATION WHICH REPRESENTS, FOR PURPOSES OF COLLECTIVE BARGAINING WITH CONSTRUCTION TRADE UNIONS, CONTRACTORS OR SUB-CONTRACTORS ENGAGED IN ANY TYPE OF CONSTRUCTION WORK, INCLUDING ANY GROUP OF CONTRACTORS OR SUB-CONTRACTORS WHICH HAS NOT ESTABLISHED A FORMAL ASSOCIATION BUT HAS TRADITIONALLY BARGAINED JOINTLY WITH AND HAS HISTORIC BARGAINING RIGHTS WITH ONE OR MORE CONSTRUCTION TRADE UNIONS. ASSOCIATE MEMBERS CONSIST OF ANY ASSOCIATION WHOSE INDIVIDUAL MEMBERS ENGAGE IN CONSTRUCTION ACTIVITIES THAT ARE NOT COVERED BY EXISTING FUND CONTRACTS, OR ANY ASSOCIATION WHOSE AREA OF BUSINESS IS OUTSIDE OF FUND'S AREA. ASSOCIATE MEMBERS SHALL NOT BE ENTITLED TO VOTING RIGHTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Line 7a explanation - EACH MEMBER ASSOCIATION IN GOOD STANDING SHALL DESIGNATE ITS TRUSTEE, AND IF THE FUND'S BOARD OF TRUSTEES APPROVES OF THAT RECOMMENDATION, IT SHALL APPOINT THE INDIVIDUAL AS A TRUSTEE OF THE FUND.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD AUTHORIZES THE THIRD-PARTY ADMINISTRATOR ALONG WITH THE CHAIRMAN, SECRETARY AND LEGAL COUNSEL TO REVIEW THE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Board reviews the written conflict of interest policy annually and reviews any activity that is not in compliance with the written document.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PLAN DOCUMENTS ARE RELEASED TO ANY ENTITY OR INDIVIDUAL UPON THE TRUSTEES' AUTHORIZATION OR WHEN NEEDED TO BE AVAILABLE AS REQUIRED BY APPLICABLE LAWS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5NO CHANGE IN PROCESS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2C
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IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0436782
IRS990/TotalAssetsEOYAmt0608313
IRS990/TotalAssetsGrp/BOYAmt0436782
IRS990/TotalAssetsGrp/EOYAmt0608313
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt01667243
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0291988
IRS990/TotalLiabilitiesEOYAmt0440019
IRS990/TotalLiabilitiesGrp/BOYAmt0291988
IRS990/TotalLiabilitiesGrp/EOYAmt0440019
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0144794
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0168294
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt01683243
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01690743
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01690743
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0436782
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0608313
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt06525 CENTURION DRIVE
IRS990/USAddress/CityNm0LANSING
IRS990/USAddress/StateAbbreviationCd0MI
IRS990/USAddress/ZIPCd0489179275
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0KATHLEEN KAPOVICH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum05173217502
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-09-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MARBA INDUSTRY ADVANCEMENT FUND
ReturnHeader/Filer/BusinessNameControlTxt0MARB
ReturnHeader/Filer/EIN0367255576
ReturnHeader/Filer/PhoneNum05173217502
ReturnHeader/Filer/USAddress/AddressLine1Txt06525 CENTURION DRIVE
ReturnHeader/Filer/USAddress/CityNm0LANSING
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MI
ReturnHeader/Filer/USAddress/ZIPCd0489179275
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0470900880
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Calibre CPA Group PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0230 West Monroe St Ste310
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Chicago
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd060606
ReturnHeader/PreparerPersonGrp/PhoneNum03126550037
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0HOWARD SIMON
ReturnHeader/ReturnTs02022-09-15T11:43:46-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0KATHLEEN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0KAPOVICH
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$608,313
Liabilities
$440,019
Net assets
$168,294
Revenue
$1,690,743
Expenses
$1,667,243
Net income
$23,500
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.56$0.44$0.12$2.13$2.11$0.02
2023Detailed filing. Detailed filing data is available for this year.$0.60$0.50$0.11$2.16$2.24$0.08
2022Detailed filing. Detailed filing data is available for this year.$0.63$0.44$0.18$1.87$1.86$0.02
2021Detailed filing. Detailed filing data is available for this year.$0.61$0.44$0.17$1.69$1.67$0.02
2020Detailed filing. Detailed filing data is available for this year.$0.44$0.29$0.14$1.59$1.60$0.00
2019Detailed filing. Detailed filing data is available for this year.$0.55$0.40$0.15$1.83$1.83$0.01