Duluth Teachers' Retirement Fund Association
- Assets
- $0.0
- Revenue
- $99.5m
- Investments
- $0.0
- Employees
- 6
- Location
- Duluth, MN
- Founding
- Data as of
- 06/2015
- EIN
- 41-0226827
Organization Overview
Duluth Teachers' Retirement Fund Association is located in Duluth, MN. As of 06/2015, Duluth Teachers' Retirement Fund Association employed 6 individuals. Duluth Teachers' Retirement Fund Association is a 501(c)(11) and as such, is described as a "Teacher's Retirement Fund Association" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2015
Describe the Organization's Mission:
Part 3 - Line 1
RETIREMENT FUND FOR SCHOOL DISTRICT
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Kilberg Executive Director | Officer | 40 | $159,731 |
Paul Rigstad Treasurer | OfficerTrustee | 2 | $0 |
Tom Pearson President | OfficerTrustee | 2 | $0 |
Dean Herold Vice President | OfficerTrustee | 2 | $0 |
Michael Zwak Director | Trustee | 2 | $0 |
Peter Graves Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Harbourvest Partners Llc Investment Mgmt | 6/29/15 | $216,309 |
Young And Associates Liability Insurance | 6/29/15 | $186,986 |
Disciplined Growth Investors Investment Mgmt | 6/29/15 | $129,477 |
View All Vendors
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $448,479 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $8,215 |
| Net Gain/Loss on Asset Sales | $71,594,048 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $99,502,903 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $83,536,734 |
| Compensation of current officers, directors, key employees. | $169,354 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $229,238 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $25,066 |
| Payroll taxes | $26,709 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $30,615 |
| Fees for services: Accounting | $90,940 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $651,241 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $58,203 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $45,612 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,248 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,363 |
| Insurance | $247,678 |
| All other expenses | $0 |
| Total functional expenses | $85,387,167 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $0 |
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