Compensation 990

Mbi Real Estate

Fiscal year ending 2024. Filed on November 6, 2025.

53 First Street
300
Hudson, Ohio 44236

Mbi Real Estate (EIN: 37-1535341) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Mbi Real Estate, a 501(c)(2) title-holding organization, reported compensation for 1 employee. Among the employees shown here, the average compensation is $386,488. The highest compensated employee at Mbi Real Estate is Rick Kellar with fiscal year 2024 compensation of $386,488.

Revenue, expenses, and employee compensation

Revenue

$101,410

Expenses

$224,615

Employee compensation

$0
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Non-Employee Board Members

William McGraw
Trustee
$28,000
$0 from org$28,000 from relatedNo other comp
Robert Kallstrom
Trustee
$28,000
$0 from org$28,000 from relatedNo other comp

Mission Statement

THE CORPORATION WAS FORMED FOR THE EXCLUSIVE PURPOSE OF HOLDING TITLE TO PROPERTY AND INTERESTS IN REAL ESTATE, COLLECTING INCOME THEREFROM, AND TURNING OVER THE ENTIRE AMOUNT LESS EXPENSEES TO ITS PARENT ORGANIZATION, THE MARGARET CLARK MORGAN FOUNDATION.

Revisions to this organization profile

November 6, 2025:
2024 Mbi Real Estate 990 filed
November 15, 2024:
2023 Mbi Real Estate 990 filed
November 15, 2023:
2022 Mbi Real Estate 990 filed

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