Benefitsmn
- Assets
- $39.4k
- Revenue
- $5.9m
- Investments
- $0.0
- Employees
- 0
- Location
- St Paul, MN
- Founding
- Data as of
- 12/2021
- EIN
- 83-1850611
Organization Overview
Benefitsmn is located in St Paul, MN. According to its NTEE Classification (Y44) the organization is classified as: Voluntary Employees Beneficiary Associations 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. Benefitsmn 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, Benefitsmn generated $5.9m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 42.3% each year . All expenses for the organization totaled $6.0m during the year ending 12/2021. While expenses have increased by 46.3% per year over the past 2 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
PROVIDE HEALTH BENEFITS
Describe the Organization's Program Activity:
Part 3 - Line 4a
FULLY-INSURED BENEFITS FOR APPROXIMATELY 588 MEMBERS AND THEIR DEPENDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Lepinski Trustee | OfficerTrustee | 1 | $0 |
Amanda Waaraniemi Golly Trustee | OfficerTrustee | 1 | $0 |
Nonoko Sato Trustee | Trustee | 1 | $0 |
Shelley Diment Trustee | Trustee | 1 | $0 |
Milpha Blamo Trustee | Trustee | 1 | $0 |
Susan Estee 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 | $5,877,033 |
| Investment income | $3 |
| 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 | $5,877,036 |
| 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 | $5,939,213 |
| 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 | $0 |
| Fees for services: Legal | $9,090 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $23,707 |
| Advertising and promotion | $0 |
| Office expenses | $571 |
| 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 | $45 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $890 |
| All other expenses | $566 |
| Total functional expenses | $5,974,082 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $27,799 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,596 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $39,395 |
| Accounts payable and accrued expenses | $25,114 |
| 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 | $0 |
| Total liabilities | $25,114 |
| 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 | $14,281 |
| Total liabilities and net assets/fund balances | $39,395 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nd Banks Benefit Tr Bismarck, ND | $8,197,714 | $19,622,273 |
City Of Minneapolis Health Reimbursement Arrangement Plan Tr Milwaukee, WI | $29,287,574 | $7,185,024 |
Benefitsmn St Paul, MN | $39,395 | $5,877,036 |
Minnesota Police And Peace Officers Association Legal Defense Fund St Paul, MN | $1,282,647 | $1,490,234 |
Northland Veba Tr Cloquet, MN | $4,420,922 | $2,261,317 |
Intermountain Power Service Corporation Salaried Veba Trust Des Moines, IA | $16,516,041 | $3,238,158 |
Retirement Enchancement & Benefits Alternatives Prgrm Vol Empls Bene Minneapolis, MN | $12,725,353 | $2,184,743 |
Davenport Community School District Veba Trust Davenport, IA | $2,580,246 | $1,151,633 |
Independent School District 622 Health Reimbursement Arrangement North St Paul, MN | $1,841,355 | $893,079 |
Mounds View Public Schools Health Reimbursement Tr Shoreview, MN | $2,712,150 | $830,788 |
Northfield School District Health Reimbursement Arrange Plan Eagan, MN | $1,498,997 | $647,937 |
Firemen Relief Association Of The City Of Milwaukee Milwaukee, WI | $9,917,479 | $669,637 |