MTI Building Corp

Nonprofit profile at a glance

EIN
391378437
IRS 990 coverage
2016–2016
Forms available
Form 990 2016, Form 990-EZ 2015
Location
Madison, WI, USA
Phone
6082570491
Rating confidence
Limited
Sector
Community Improvement, Capacity Building N.E.C.

Reported finances

Revenue
$628,487
Expenses
$628,487
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2016. Amounts in USD.

Leadership & pay

13 people listed

Executive titles in this filing

  • Judy Ferwerda (EA - MTI President)
  • David Mandehr (USO - MTI President)
  • Travis Grover (SEE - MTI President)
  • Jeff Kriese (SSA - MTI President)
  • Andrew Waity (Board President)
  • Kerry Motoviloff (Board Past-President)

People named in this filing

  • Kira Fobbs (Member-At-Large)
  • Pete Opps (Member-At-Large)
  • Nichole Von Haden (Member-At-Large)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2016. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

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).

What it reported doing in 2016

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.

Operating model

Revenue model
Earned-program. 100% of the money available for current operations came from fees and other program revenue.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 90
  • Accountability: 88
  • Sustainability: 27
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 5 of 7 controls in place; rating input score 71
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 0%; rating input score 37; 37th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 0; 0th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 84; 84th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 40.5% per year; rating input score 100; 96th percentile among comparable filings
  • Asset growth: -9.4% per year; rating input score 0; 8th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 12 of 12 board members independent · 5 of 7 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 13 people listed
  • Consistency: 11 of 11 current checks pass
  • Schedules: 4 filed schedules
  • Contacts: How to reach this organization
  • Related organizations: 1 filed related-organization link
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Accountability: Governance controls: 2 of 7 not reported.
  • Moderate — Sustainability: Operating margin scored 37/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 0/100.