Minnesota Cement Masons Health And Welfare Fund

Organization Overview

Minnesota Cement Masons Health And Welfare Fund is located in Mendota Heights, MN. The organization was established in 1962. 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. As of 12/2021, Minnesota Cement Masons Health And Welfare Fund employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Minnesota Cement Masons Health And Welfare Fund is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.

For the year ending 12/2021, Minnesota Cement Masons Health And Welfare Fund generated $13.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $13.9m during the year ending 12/2021. While expenses have increased by 5.6% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE HEALTH BENEFITS

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO PROVIDE HEALTH CARE, DENTAL, DEATH AND DISABILITY BENEFITS FOR ELIGIBLE MEMBERS AND THEIR DEPENDENTS OR BENEFICIARIES ON A SELF-INSURED BASIS.


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Board, Officers & Key Employees

Name (title)Compensation
Tim Worke
Trustee
$0
Steve Bulach
Trustee
$0
Mike Syversrud
Trustee
$0
Suben Kanagaratnam
Trustee
$0
Jarrod Asleson
Trustee
$0
Dave Schutta
Trustee
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Healthpartners
Claims Administration
$609,013
Zenith American Solutions
Third Party Administrator
$396,757
View All Vendors

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$12,747,307
Investment income $332,870
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $125,953
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $13,206,130

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