Minnesota & N Dakota Bricklayers & Allied Craftworkers Health Fund
- Assets
- $97.3m
- Revenue
- $26.5m
- Investments
- $26.7m
- Employees
- 0
- Location
- Mendota Heights, MN
- Founding
- 02/1963
- Data as of
- 12/2022
- EIN
- 41-6023461
Organization Overview
Minnesota & N Dakota Bricklayers & Allied Craftworkers Health Fund is located in Mendota Heights, MN. The organization was established in 1963. 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. Minnesota & N Dakota Bricklayers & Allied Craftworkers 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 12/2022, Minnesota & N Dakota Bricklayers & Allied Craftworkers Health Fund generated $26.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $24.5m during the year ending 12/2022. While expenses have increased by 2.0% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE HEALTH & WELFARE BENEFITS TO UNION MEMBERS AND THEIR DEPENDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PAYMENT OF HOSPITAL, MEDICAL, DENTAL, DISABILITY, DEATH, AND VISION BENEFITS FOR 3,266 UNION MEMBERS AND THEIR DEPENDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Douglas Schroeder See Schedule O | OfficerTrustee | 1 | $0 |
Michael Ganz See Schedule O | Trustee | 1 | $0 |
Frank Grazzini II Management Trustee | Trustee | 1 | $0 |
Amy Thompson Management Trustee | Trustee | 1 | $0 |
Stan Paczynski See Schedule O | Trustee | 1 | $0 |
Ron Rasley Management Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Health Partners Ppo | 12/30/22 | $931,438 |
Zenith American Solutions Plan Administrator | 12/30/22 | $794,877 |
The Union Labor Life Insurance Company Investment Management | 12/30/22 | $136,883 |
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 | $23,875,934 |
| Investment income | $1,768,153 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $832,086 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $26,476,173 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $23,018,831 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $846,990 |
| Fees for services: Legal | $64,688 |
| Fees for services: Accounting | $35,490 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $319,744 |
| Fees for services: Other | $83,725 |
| Advertising and promotion | $0 |
| Office expenses | $64,418 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,708 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $16,996 |
| All other expenses | $8,122 |
| Total functional expenses | $24,464,712 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,516,802 |
| Savings and temporary cash investments | $4,181,561 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,609,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $112,390 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $60,555,605 |
| Investments—other securities | $26,712,237 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $604,661 |
| Total assets | $97,292,256 |
| Accounts payable and accrued expenses | $42,927 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $14,179 |
| Total liabilities | $57,106 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $97,235,150 |
| Total liabilities and net assets/fund balances | $97,292,256 |