Northern Minnesota-Wisconsin Area Retail Food Health & Welfare Fund
- Assets
- $8.8m
- Revenue
- $15.6m
- Investments
- $0.0
- Employees
- 108
- Location
- Duluth, MN
- Founding
- 10/1980
- Data as of
- 12/2022
- EIN
- 41-6175286
Organization Overview
Northern Minnesota-Wisconsin Area Retail Food Health & Welfare Fund is located in Duluth, MN. The organization was established in 1980. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. As of 12/2022, Northern Minnesota-Wisconsin Area Retail Food Health & Welfare Fund employed 108 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northern Minnesota-Wisconsin Area Retail Food Health & 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 12/2022, Northern Minnesota-Wisconsin Area Retail Food Health & Welfare Fund generated $15.6m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $15.8m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.7%) per year over the past 8 years. 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 AND WELFARE BENEFITS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PLAN PROVIDES HEALTH CARE, PRESCRIPTION DRUG, VISION, DENTAL, DISABILITY AND LIFE BENEFITS FOR ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Gleb Trustee | Trustee | 1 | $0 |
Allen Priolo Trustee | Trustee | 1 | $0 |
Stacy Spexet Trustee - Alternate | Trustee | 1 | $0 |
Bruce Bergh Trustee - Alternate - Past | Trustee | 1 | $0 |
Boyd Hanson Trustee | Trustee | 1 | $0 |
Courtney Anderson Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bluecross Blueshield Of Mn Network Access Fees | 12/30/22 | $346,118 |
Wilson-mcshane Corporation Claims Processing And Administration | 12/30/22 | $654,500 |
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 | $15,551,965 |
| Investment income | $149,892 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$134,467 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,567,390 |
| 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 | $15,029,659 |
| 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 | $643,200 |
| Fees for services: Legal | $48,222 |
| Fees for services: Accounting | $25,582 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $20,880 |
| Fees for services: Other | $45,700 |
| Advertising and promotion | $0 |
| Office expenses | $15,335 |
| 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 | $11,880 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,533 |
| All other expenses | $5,630 |
| Total functional expenses | $15,847,621 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $281,322 |
| Savings and temporary cash investments | $427,427 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,610,842 |
| 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 | $6,471,378 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,790,969 |
| Accounts payable and accrued expenses | $18,710 |
| 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 | $18,710 |
| 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 | $8,772,259 |
| Total liabilities and net assets/fund balances | $8,790,969 |