MTI Building Corp

Organization Overview

MTI Building Corp is located in Madison, WI. MTI Building Corp is a 501(c)(2) and as such, is described as a "Title Holding Corporation for an Exempt Organization" by the IRS.

For the year ending 06/2017, MTI Building Corp generated $628.5k in total revenue. All expenses for the organization totaled $628.5k during the year ending 06/2017. While expenses have increased by 268.7% per year over the past 2 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2017

Describe the Organization's Mission:

Part 3 - Line 1

TO HOLD TITLE TO PROPERTY, COLLECT INCOME THEREFROM & TO TURN OVER THE ENTIRE AMOUNT THEREOF, LESS EXPENSES, TO MADISON TEACHERS INCORPORATED, AN ORGANIZATION WHICH ITSELF IS EXEMPT UNDER SECTION 501(C)(6).

Describe the Organization's Program Activity:

Part 3 - Line 4a

MTI BUILDING CORP. WAS INCORPORATED ON MARCH 20, 1981, FOR THE PURPOSE OF HOLDING TITLE TO RENTAL PROPERTY, COLLECTING RENTAL INCOME THEREFROM, AND REMITTING THE ENTIRE AMOUNT, LESS EXPENSES, TO MADISON TEACHERS INCORPORATED (MTI). THE BUILDING WAS SOLD MAY 30, 2017 AND THE ENTITY WAS DISSOLVED ON JUNE 27, 2017.


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Board, Officers & Key Employees

Name (title)Compensation
Kira Fobbs
Member-At-Large
$0
Pete Opps
Member-At-Large
$0
Nichole Von Haden
Member-At-Large
$0
Judy Ferwerda
Ea - Mti President
$0
David Mandehr
Uso - Mti President
$0
Travis Grover
See - Mti President
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$39,100
Investment income $121
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $589,266
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $628,487

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