Minnesota Teamsters Construction Division Fringe Benefit Funds

Organization Overview

Minnesota Teamsters Construction Division Fringe Benefit Funds is located in Mendota Heights, MN. The organization was established in 1971. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 11/2021, Minnesota Teamsters Construction Division Fringe Benefit Funds employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Minnesota Teamsters Construction Division Fringe Benefit Funds is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.

For the year ending 11/2021, Minnesota Teamsters Construction Division Fringe Benefit Funds generated $23.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $16.3m during the year ending 11/2021. 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

PROVIDE HEALTH BENEFITS

Describe the Organization's Program Activity:

Part 3 - Line 4a

PAYMENT OF HEALTH CARE, DENTAL, DISABILITY, LIFE, AND ACCIDENTAL DEATH AND DISMEMBERMENT BENEFITS FOR ELIGIBLE PARTICIPANTS AND DEPENDENTS AS PROVIDED BY THE SUMMARY PLAN DESCRIPTION.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Zenith American Solutions Inc
Administrative, Claims Processing, Audit
$397,252
Bluelink Tpa
Ppo Access Fees
$353,309
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$23,219,659
Investment income $367,288
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $93,824
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $23,683,343

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