Masonry Institute Of Michigan Inc
- Assets
- $292.1k
- Revenue
- $394.5k
- Investments
- $0.0
- Employees
- 2
- Location
- Livonia, MI
- Founding
- 03/1977
- Data as of
- 12/2023
- EIN
- 38-1856805
Organization Overview
Masonry Institute Of Michigan Inc is located in Livonia, MI. The organization was established in 1977. According to its NTEE Classification (Y42) the organization is classified as: Domestic Fraternal Societies, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2023, Masonry Institute Of Michigan Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Masonry Institute Of Michigan Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Masonry Institute Of Michigan Inc generated $394.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $391.7k during the year ending 12/2023. While expenses have increased by 1.2% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MASONRY INSTITUTE OF MICHIGAN INC. IS DEDICATED TO THE PROMOTION AND ADVANCEMENT OF THE MASONRY INDUSTRY. THE INSTITUTE PROVIDES INFORMATION TO THE INDUSTRY AND PUBLIC, INDISCRIMINATELY. THE INSTITUTE'S GOAL IS TO PROMOTE QUALITY MASONRY, QUALITY MASONRY UNITS AND MATERIALS, FUNCTIONAL AND EFFICIENT DESIGNS, AND QUALITY WORKMANSHIP. THE OBJECTIVES OF THE MASONRY INSTITUTE OF MICHIGAN ARE: 1. TO PROVIDE UP-TO-DATE DESIGN INFORMATION TO ARCHITECTS AND STRUCTURAL ENGINEERS. 2.TO PROVIDE TECHNICAL MASONRY DATA TO MASON CONTRACTORS, BRICKLAYERS AND INDUSTRY SUPPLIERS. 3. TO PROMOTE THE MANY ADVANTAGES OF MASONRY CONSTRUCTION TO THE DESIGNER, THE BUILDER, THE OWNER, AND THE GENERAL PUBLIC. 4. TO PROMOTE THE HIGHEST STANDARDS OF QUALITY DESIGN, QUALITY MATERIALS AND QUALITY WORKMANSHIP. 5. TO PROMOTE PRODUCTIVE WORKING RELATIONSHIPS BETWEEN ALL PARTIES OF THE MASONRY INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MASONRY ALTERNATE DESIGN -ENCOURAGE USE OF MASONRY FOR ALL NEW BUILDING PROJECTS. OUR GOAL IS FOR MASONRY TO GAIN MARKET SHARE AS STRUCTURAL BUILDING SYSTEM IN NEW PROJECTS. WE DO THIS BY REACHING OUT AND PROMOTING ADVANTAGES OF MASONRY TO THE BUILDER, DESIGNER, ARCHITECT, GENERAL CONTRACTOR, AND OWNERS OF NEW CONSTRUCTION PROJECTS.
THE MASONRY INSTITUTE OF MICHIGAN WANTS TO EDUCATE THE FUTURE GENERATION OF MASON CONTRACTORS. THEY DO THIS THROUGH UNIVERSITY AND COLLEGE LECTURES TO ARCHITECTURAL STUDENTS. MIM OFFERS A LECTURE AND MASONRY DESIGN COURSE THE MIM DESIGNS AND PUBLISHES A MAGAZINE (THE STORY POLE) WHICH KEEP ITS MEMBERS INFORMED OF TECHNICAL INFORMATION AND INDUSTRY UPDATES.
THE MASONRY INSTITUTE OF MICHIGAN PROVIDES CONTINUING EDUCATION PROGRAMS (TECHNICAL SEMINARS, WORKSHOPS AND PRESENTATIONS). MIM WANTS TO PROVIDES ITS MEMBERS WITH THE MOST CURRENT, UP TO DATE TECHNICAL DATA.
THE MASONRY INSTITUTE OF MICHIGAN PROVIDES PROFESSIONAL SERVICES TO BOTH MEMBERS AND NON-MEMBERS. THESE SERVICES INCLUDE VERBAL ON-SITE REVIEWS, DESIGN/PLAN REVIEWS AND INQUIRIES (ANSWERING MASONRY RELATED DESIGN AND TECHNICAL QUESTIONS).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Philippe Ledent Executive Di | Officer | 40 | $172,364 |
Scott Albaugh Trustee | Trustee | $0 | |
Tc Baker Secretary | OfficerTrustee | $0 | |
Bill Barker Treasurer | OfficerTrustee | $0 | |
Doug Barron Vice-Pres | OfficerTrustee | $0 | |
Andy Bracy Trustee | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $5,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $44,750 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $49,750 |
| Total Program Service Revenue | $344,608 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $394,458 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $201,549 |
| Other salaries and wages | $20,266 |
| Pension plan accruals and contributions | $745 |
| Other employee benefits | $0 |
| Payroll taxes | $14,078 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,295 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,483 |
| Advertising and promotion | $50,458 |
| Office expenses | $6,433 |
| Information technology | $10,022 |
| Royalties | $0 |
| Occupancy | $3,096 |
| Travel | $4,551 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,793 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,741 |
| Insurance | $7,817 |
| All other expenses | $91 |
| Total functional expenses | $391,694 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $253,589 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $35,048 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,900 |
| Net Land, buildings, and equipment | $595 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $292,132 |
| Accounts payable and accrued expenses | $9,277 |
| Grants payable | $0 |
| Deferred revenue | $72,825 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $82,102 |
| Net assets without donor restrictions | $210,030 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $292,132 |