Mdu Resources Group Inc Retiree Benefit Trust is located in Bismarck, ND. The organization was established in 1995. 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. Mdu Resources Group Inc Retiree Benefit Trust 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, Mdu Resources Group Inc Retiree Benefit Trust generated $1.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $3.1m during the year ending 12/2021. 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 PAYMENT FOR VARIOUS HEALTH AND WELFARE CLAIMS AND PREMIUMS FOR RETIRED EMPLOYEES OF CERTAIN SUBSIDIARIES AND DIVISIONS OF MDU RESOURCES GROUP, INC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MDU RESOURCES GROUP, INC. RETIREE HEALTH AND WELFARE BENEFITS PROGRAM - PROVIDE PAYMENT FOR VARIOUS HEALTH AND WELFARE CLAIMS AND PREMIUMS FOR RETIRED EMPLOYEES OF CERTAIN SUBSIDIARIES AND DIVISIONS OF MDU RESOURCES GROUP, INC.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Jason Vollmer Director | Trustee | 0 | $0 |
Stephanie Barth Director | Trustee | 0 | $0 |
Nancy Christenson Director | Trustee | 0 | $0 |
Julie Gerving Director | Trustee | 0 | $0 |
Anne Jones Director | Trustee | 0 | $0 |
Garret Senger Director | Trustee | 0 | $0 |
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 | $437,052 |
Investment income | $63,834 |
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 | $1,819,433 |
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 | $2,879,151 |
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 | $0 |
Fees for services: Accounting | $253,799 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $16,620 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $0 |
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 | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $0 |
All other expenses | $0 |
Total functional expenses | $3,149,570 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $4,230,636 |
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 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $2,243,817 |
Investments—other securities | $93,446,844 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $36 |
Total assets | $99,921,333 |
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 | $14,614 |
Total liabilities | $14,614 |
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 | $99,906,719 |
Total liabilities and net assets/fund balances | $99,921,333 |
Organization Name | Assets | Revenue |
---|---|---|
South Dakota Bankers Benefit Plan Trust Pierre, SD | $10,846,248 | $20,987,346 |
Electrical Workers Health & Welfare Fund Duluth, MN | $27,423,421 | $24,491,701 |
South Central Minnesota Electrical Workers Industry Welfare Plan Bloomington, MN | $63,328,603 | $16,507,851 |
Supervalu Group Health And Welfare Trust Eden Prairie, MN | $85,950 | $5,243,851 |
Duluth Building Trades Welfare Fund Duluth, MN | $35,749,617 | $16,928,009 |
St Paul Electrical Workers Regular St Paul, MN | $17,814,839 | $14,061,192 |
3m Employees Benefit Association St Paul, MN | $4,759,635 | $14,822,010 |
Minnesota Cement Masons Health And Welfare Fund Mendota Heights, MN | $24,267,811 | $13,206,130 |
Allete And Affiliated Companies Employees Medical Plan Duluth, MN | $7,067,676 | $13,930,202 |
Minneapolis Automobile Dealers Employees Benefit Fund Bloomington, MN | $9,028,671 | $13,599,167 |
Pipe Trades Services Mn Retiree Health Fund White Bear Lake, MN | $289,075,105 | $30,258,981 |
National Roofers Union & Employers Joint Health & Welfare Fund Bloomington, MN | $25,717,138 | $10,251,636 |