Pipe Trades Services Mn Retiree Health Fund

Organization Overview

Pipe Trades Services Mn Retiree Health Fund is located in White Bear Lake, MN. The organization was established in 2007. According to its NTEE Classification (Y43) the organization is classified as: Voluntary Employees Beneficiary Associations (Non-Government), under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pipe Trades Services MN Retiree Health Fund is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.

For the year ending 12/2021, Pipe Trades Services MN Retiree Health Fund generated $30.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.5% each year . All expenses for the organization totaled $11.5m during the year ending 12/2021. While expenses have increased by 2.5% per year over the past 7 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

2021

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDING WELFARE BENEFITS IN THE FORM OF A CREDIT TOWARD THE COST OF RETIREE HEALTH COVERAGE FOR RETIRED MEMBERS OF THE PIPING INDUSTRY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDING WELFARE BENEFITS IN THE FORM OF A CREDIT TOWARDS THE COST OF RETIREE HEALTH COVERAGE FOR RETIRED MEMBERS OF THE PIPING INDUSTRY.


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Board, Officers & Key Employees

Name (title)Compensation
Doug Jones
Chair (beg Mar 2021)
$0
Jeff Huberty
Co-Chair (beg Mar 2021)
$0
Sam Arnold
Trustee
$0
Joe Lane
Trustee
$0
Matt Marquis
Trustee
$0
Kristin Olson
Trustee
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Twele Capital Management Inc
Investment Fee
$499,572
Pipe Trades Services Of Minnesota Inc
Management Services
$354,568
View All Vendors

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$10,902,820
Investment income $5,245,872
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $14,110,289
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $30,258,981

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