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.
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 |
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 |
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 |