Minnesota Laborers-Employers Cooperation & Education Trust Fund
- Assets
- $1.5m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 1
- Location
- Mendota Heights, MN
- Founding
- 03/1994
- Data as of
- 12/2021
- EIN
- 41-6363196
Organization Overview
Minnesota Laborers-Employers Cooperation & Education Trust Fund is located in Mendota Heights, MN. The organization was established in 1994. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Minnesota Laborers-Employers Cooperation & Education Trust Fund is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 12/2021, Minnesota Laborers-Employers Cooperation & Education Trust Fund generated $1.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $1.1m during the year ending 12/2021. While expenses have increased by 4.5% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
LABOR-MANAGEMENT ORGANIZATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FUND DIRECTOR MEETS WITH CONTRACTORS, UNION MEMBERS AND LOCAL AND STATE GOVERNMENTAL AGENCIES TO PROMOTE UNDERSTANDING, IMPROVE SAFETY, AND ENHANCE COMMUNICATION IN THE LABORERS INDUSTRY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dwight Engen Marketing Director | 40 | $118,224 | |
Mike Bubalo Co-Chairman - Past | Trustee | 1 | $0 |
Chris Born Trustee - Past | Trustee | 1 | $0 |
Kim Schrupp Trustee | Trustee | 1 | $0 |
Keith Petersen Trustee | Trustee | 1 | $0 |
Adam Huston Trustee | Trustee | 1 | $0 |
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 | $1,299,429 |
| Investment income | $1,342 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,301,340 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,000 |
| Grants and other assistance to domestic individuals. | $3,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| 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 | $118,224 |
| Pension plan accruals and contributions | $55,913 |
| Other employee benefits | $17,887 |
| Payroll taxes | $8,446 |
| Fees for services: Management | $13,126 |
| Fees for services: Legal | $4,108 |
| Fees for services: Accounting | $6,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $29,753 |
| Advertising and promotion | $335,630 |
| Office expenses | $16,648 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $36,000 |
| Travel | $6,364 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,810 |
| Interest | $0 |
| Payments to affiliates | $302,720 |
| Depreciation, depletion, and amortization | $10,186 |
| Insurance | $6,798 |
| All other expenses | $0 |
| Total functional expenses | $1,112,165 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $456,367 |
| Savings and temporary cash investments | $933,449 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $89,210 |
| 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 | $4,198 |
| Net Land, buildings, and equipment | $42,048 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,525,272 |
| Accounts payable and accrued expenses | $31,292 |
| 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 | $2,268 |
| Total liabilities | $33,560 |
| Net assets without donor restrictions | $1,491,712 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,525,272 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Minnesota Laborers-Employers Cooperation & Education Trust Fund has recieved totaling $32,500.
| Awarding Organization | Amount |
|---|---|
Laborers International Union Of North America St Paul, MN PURPOSE: GENERAL SUPPORT | $32,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
International Union Of Operating Engineers Minneapolis, MN | $24,562,358 | $20,752,936 |
Minnesota Teamsters Construction Division Fringe Benefit Funds Mendota Heights, MN | $30,866,404 | $23,683,343 |
Minnesota Nurses Association St Paul, MN | $18,618,225 | $17,502,340 |
National Pork Producers Council Des Moines, IA | $42,247,883 | $19,050,439 |
Carpenters And Joiners Apprenticeship And Journeymen St Paul, MN | $20,144,324 | $15,253,021 |
International Union Of Operating Engineers 139 Pewaukee, WI | $24,439,793 | $14,629,454 |
Service Employees International Union St Paul, MN | $3,226,378 | $12,392,421 |
Wisconsin Fox River Valley Sheet Metal Workers Welfare Trust Waukesha, WI | $17,147,311 | $12,962,825 |
Pipe Trades Health Care Services Inc White Bear Lake, MN | $1,989,770 | $11,324,397 |
International Brotherhood Of Teamsters Blaine, MN | $9,219,386 | $11,430,169 |
Laborers International Union Of North America Minneapolis, MN | $22,106,073 | $10,887,732 |
Mra-The Management Association Inc Waukesha, WI | $15,359,430 | $10,314,261 |