Civic Intelligence

International Masonry Institute

EIN 52-0907999 • 501(c)6 • Bowie, MD

Profile

Labor/management trust fund

17101 Science DriveBowie, MD 20715

www.imiweb.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

24th percentile

0.11x

Higher debt load relative to assets than 24% of similar nonprofits.

501(c)6 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

17th percentile

0.16x

Higher debt load relative to revenue than 17% of similar nonprofits.

501(c)6 • $25M-$50M nonprofits • Source year 2024

Net Margin

63rd percentile

11%

Higher net margin than 63% of similar nonprofits.

501(c)6 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

60th percentile

11%

Faster asset growth than 60% of similar nonprofits.

501(c)6 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

20th percentile

-0.6%

Faster revenue growth than 20% of similar nonprofits.

501(c)6 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Assets

Up

$31,317,701

Up $3,143,695 (+11%) from 2023

Liabilities

Up

$3,394,725

Up $1,051,831 (+45%) from 2023

Net Assets

Up

$27,922,976

Up $2,091,864 (+8.1%) from 2023

Revenue

Down

$20,826,713

Down $130,507 (-0.6%) from 2023

Expenses

Down

$18,516,652

Down $656,086 (-3.4%) from 2023

Net Income

Up

$2,310,061

Up $525,579 (+29%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$40M$30M$20M$10M$0Assets 2010: $19,294,483Liabilities 2010: $6,982,374Net Assets 2010: $12,312,1092010Assets 2011: $21,459,227Liabilities 2011: $7,294,071Net Assets 2011: $14,165,1562011Assets 2012: $25,314,931Liabilities 2012: $6,746,617Net Assets 2012: $18,568,3142012Assets 2013: $29,364,712Liabilities 2013: $5,543,043Net Assets 2013: $23,821,6692013Assets 2014: $17,353,690Liabilities 2014: $2,548,780Net Assets 2014: $14,804,9102014Assets 2015: $19,278,729Liabilities 2015: $2,780,065Net Assets 2015: $16,498,6642015Assets 2016: $18,596,215Liabilities 2016: $3,287,004Net Assets 2016: $15,309,2112016Assets 2017: $19,089,313Liabilities 2017: $2,621,796Net Assets 2017: $16,467,5172017Assets 2018: $21,185,109Liabilities 2018: $2,504,595Net Assets 2018: $18,680,5142018Assets 2019: $23,010,699Liabilities 2019: $2,768,515Net Assets 2019: $20,242,1842019Assets 2020: $24,089,396Liabilities 2020: $2,681,293Net Assets 2020: $21,408,1032020Assets 2021: $25,662,049Liabilities 2021: $2,498,812Net Assets 2021: $23,163,2372021Assets 2022: $26,542,653Liabilities 2022: $2,487,111Net Assets 2022: $24,055,5422022Assets 2023: $28,174,006Liabilities 2023: $2,342,894Net Assets 2023: $25,831,1122023Assets 2024: $31,317,701Liabilities 2024: $3,394,725Net Assets 2024: $27,922,9762024

Highlighted filing

2024

Assets$31,317,701
Liabilities$3,394,725
Net Assets$27,922,976

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$40M$30M$20M$10M$0Expenses 2010: $31,757,6912010Expenses 2011: $27,346,3452011Expenses 2012: $26,840,4152012Revenue 2013: $32,500,187Expenses 2013: $28,359,894Net Income 2013: $4,140,2932013Revenue 2014: $14,693,675Expenses 2014: $14,436,221Net Income 2014: $257,4542014Revenue 2015: $16,570,062Expenses 2015: $14,881,896Net Income 2015: $1,688,1662015Revenue 2016: $17,959,520Expenses 2016: $15,983,142Net Income 2016: $1,976,3782016Revenue 2017: $18,328,603Expenses 2017: $17,136,578Net Income 2017: $1,192,0252017Revenue 2018: $20,266,421Expenses 2018: $18,148,458Net Income 2018: $2,117,9632018Revenue 2019: $19,933,733Expenses 2019: $18,320,062Net Income 2019: $1,613,6712019Revenue 2020: $18,348,257Expenses 2020: $17,147,666Net Income 2020: $1,200,5912020Revenue 2021: $19,254,775Expenses 2021: $17,509,262Net Income 2021: $1,745,5132021Revenue 2022: $19,306,018Expenses 2022: $18,488,920Net Income 2022: $817,0982022Revenue 2023: $20,957,220Expenses 2023: $19,172,738Net Income 2023: $1,784,4822023Revenue 2024: $20,826,713Expenses 2024: $18,516,652Net Income 2024: $2,310,0612024

Highlighted filing

2024

Revenue$20,826,713
Expenses$18,516,652
Net Income$2,310,061

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$31.3$3.39$27.9$20.8$18.5$2.31
2023Detailed filing. Detailed filing data is available for this year.$28.2$2.34$25.8$21.0$19.2$1.78
2022Detailed filing. Detailed filing data is available for this year.$26.5$2.49$24.1$19.3$18.5$0.82
2021Detailed filing. Detailed filing data is available for this year.$25.7$2.50$23.2$19.3$17.5$1.75
2020Detailed filing. Detailed filing data is available for this year.$24.1$2.68$21.4$18.3$17.1$1.20
2019Detailed filing. Detailed filing data is available for this year.$23.0$2.77$20.2$19.9$18.3$1.61
2018Detailed filing. Detailed filing data is available for this year.$21.2$2.50$18.7$20.3$18.1$2.12
2017Detailed filing. Detailed filing data is available for this year.$19.1$2.62$16.5$18.3$17.1$1.19
2016Detailed filing. Detailed filing data is available for this year.$18.6$3.29$15.3$18.0$16.0$1.98
2015Detailed filing. Detailed filing data is available for this year.$19.3$2.78$16.5$16.6$14.9$1.69
2014Detailed filing. Detailed filing data is available for this year.$17.4$2.55$14.8$14.7$14.4$0.26
2013Detailed filing. Detailed filing data is available for this year.$29.4$5.54$23.8$32.5$28.4$4.14
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$25.3$6.75$18.6$26.8
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$21.5$7.29$14.2$27.3
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.3$6.98$12.3$31.8
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 8, 2025
Return Version
2024v5.1
Gross Receipts
$20,826,713
Mission and Program Overview

Mission

Labor/management trust fund

Labor/ management trust fund

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$20,364,666$14,855,723▼ $5,508,943
Investments in Publicly Traded Securities-$8,771,767-
Savings and Temporary Cash Investments$5,340,698$5,554,842▲ $214,144
Land, Buildings, and Equipment, Net$1,555,950$1,490,181▼ $65,769
Prepaid Expenses and Deferred Charges$199,064$184,315▼ $14,749
Pledges and Grants Receivable$545,805$151,755▼ $394,050
Accounts Receivable$1,114$1,063▼ $51
Total Assets$28,174,006$31,317,701▲ $3,143,695
Other Assets Total$166,709$308,055▲ $141,346
Liabilities
Accounts Payable and Accrued Expenses$1,764,177$2,673,548▲ $909,371
Other Liabilities$474,784$594,353▲ $119,569
Deferred Revenue$103,933$126,824▲ $22,891
Total Liabilities$2,342,894$3,394,725▲ $1,051,831
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$25,831,112$27,922,976▲ $2,091,864
Total Net Assets Fund Balance$25,831,112$27,922,976▲ $2,091,864
Total Liabilities and Net Assets / Fund Balance$28,174,006$31,317,701▲ $3,143,695

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,449,403$1,041,681$2,491,084
Equipment$40,778$618,825$659,603
Leasehold Improvements$0$9,512$9,512
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Caryn HalifaxPresidentFT$297,602$209,065$506,667
Roy IngraffiaNational DirectorFT$254,324$177,407$431,731
Chris MorseChief of StaffFT$227,855$166,615$394,470
Alan FeltoonDirector Market DevelopmentFT$185,584$140,269$325,853
Brian TrimbleDirector Market DevelopmentFT$184,673$139,775$324,448
Sunup MathewDirector Market DevelopmentFT$186,541$137,284$323,825
Mark SwansonDirector Market DevelopmentFT$186,505$137,204$323,709
Jeffrey DiquiDirector Market DevelopmentFT$182,284$139,221$321,505
Scott ConwellDirector Market DevelopmentFT$171,773$129,803$301,576

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
The Masonry Institute Of St LouisMarketing Consultant1429 SOUTH BIG BEND BOULEVARD, Saint Louis, MO 63117$209,857
Kinateder Consulting LLCConsultantN8W28396, Waukesha, WI 53188$143,000
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$20,046,882
Investment Income
$977,488
Other Revenue
$-197,657
Change in Net Assets
$2,310,061

Audited Revenue Reconciliation

Revenue per Audited Statements
$21,024,370
Revenue Not Reported on Financial Statements
$-197,657
Revenue Not Reported on Form 990
$24,266,586
Other Revenue Adjustments
$-197,657
Total Revenue per Audited Statements
$45,290,956
Total Revenue per Form 990
$20,826,713
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$12,668,608
Other Expenses$5,848,044
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$5,913,340
Pension Plan Contributions---$2,332,234
Other Employee Benefits---$2,256,971
Current Officers, Directors, Trustees, and Key Employees---$1,630,130
Fees for Services Accounting---$1,279,576
Travel---$743,954
Office Expenses---$549,337
Payroll Taxes---$535,933
Occupancy---$331,355
Insurance---$164,283
Conferences and Meetings---$137,957
Depreciation Depletion---$90,058
Advertising---$68,286
Other Expenses---$29,957
Fees for Services Legal---$29,113
Interest---$88
All Other Expenses---$-66,279
Total Functional Expenses$0$0$0$18,516,652

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$43,540,301
Expenses Not Reported on Form 990$25,023,649
Expenses per Audited Statements$18,516,652
Total Expenses per Form 990$18,516,652
Expenses Not Reported on Financial Statements$0
International Activity

International Summary

Offices
1
Employees
0
Spending
$226,023

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
North America - Canada and Mexico, But Not the United StatesProgram ServicesMarket Promotion10$226,023
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Kinateder Consulting Is Owned by the Father of Trustee Mike KinatederThe Firm Provided Consulting Services to the Organization.No$143,000
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Pension Cost$304,559
Lease Liability - Operating Lease$284,822
Lease Liability - Finance Lease$4,972
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
Yes
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Some trustees also sit on the board of a sponsoring non-profit entity; one trustee is an employee of that entity.

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

The form 990 is drafted through a collaborative effort of the organization's financial, legal and operations professionals. The draft is presented to and reviewed by the organization's officer then the form is finalized and submitted.

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

International masonry institute regularly and consistently monitors the conflict of interest policy. Annually at the board of trustees meeting as well as periodically throughout the year , trustees are required to provide and sign a form notifying of any conflicts of interest that arise.

Form 990, Part VI, Section B, Line 15

Salary of the president is set by the co-chairmen of the board of trustees. Salaries of key employees are set by the president in consultation with the co-chairmen of the board of trustees, financial professionals and comparable positions in like organizations.

Form 990, Part VI, Section C, Line 19

Upon request in accordance with law.

Filing and Contact Details

Filer

Filer Name
International Masonry Institute
EIN
52-0907999
Phone
3012912124
Address
17101 SCIENCE DRIVE, BOWIE, MD 20715

Signing Officer

Name
Caryn a Halifax
Title
President
Phone
4102801305
Signed
2025-05-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Caryn a Halifax
Formed
1970
Legal Domicile
Md
Voting Board Members
21
Independent Board Members
21
Employees
120
Volunteers
0

Preparer

Firm
Calibre CPA Group Pllc
Address
7501 WISCONSIN AVENUE SUITE 1200, WEST, BETHESDA, MD 20814
Preparer
Elizabeth Saleeby
Phone
2023319880
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Pension related change 10,035.

Form 990, Part XII, Line 2C

The process has not changed from the prior year.

Financial Statement Notes

PART X, LINE 2:

Imi follows authoritative guidance to accounting for uncertainty in income taxes included in asc topic income taxes. This provides consistent guidance for the accounting for uncertainty in income taxes recognized in an entity's financial statements and prescribe a threshold of 'more likely than not" for recognition and derecognition of tax positions taken or expected to be taken in a tax return. Imi performed an evaluation of uncertain tax positions for the years ended december 31, 2024, and determined that there were no matters that would require recognition in the financial statements or that may have an effect on its tax-exempt status.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Mtc & imtef revenue 24,266,586.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Currency translation adjustment -197,657.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Mtc & imtef expenses 25,039,367. Other components of net periodic pension cost -15,718.

Raw XML AppendixShowing 400 of 836 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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IRS990/Form990PartVIISectionAGrp/TitleTxt0TRUSTEE
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IRS990/Form990PartVIISectionAGrp/TitleTxt3TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5CO-CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8CO-CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt12TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt13TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt14TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt15TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt16TRUSTEE
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IRS990/Form990PartVIISectionAGrp/TitleTxt18TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt19TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt20TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt21FORMER TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt22FORMER TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt23FORMER TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt24FORMER TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt25FORMER TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt26PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt27NATIONAL DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt28CHIEF OF STAFF
IRS990/Form990PartVIISectionAGrp/TitleTxt29DIRECTOR MARKET DEVELOPMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt30DIRECTOR MARKET DEVELOPMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt31DIRECTOR MARKET DEVELOPMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt32DIRECTOR MARKET DEVELOPMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt33DIRECTOR MARKET DEVELOPMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt34DIRECTOR MARKET DEVELOPMENT
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