EIN 41-1767627

Minnesota Bankers Association Employee Benefits Trust

Name: Minnesota Bankers Association Employee Benefits Trust financials for 2023
Creator: Cause IQ
License: https://creativecommons.org/licenses/by-nc-nd/4.0/

Programs|Personnel|Financials|Form 990s|Peers

IRS 501(c) type

501(c)(9)

Num. employees

City

Eden Prairie

State

Minnesota

Year formed

1986

Most recent tax filings

2023-06-01

NTEE code, primary

Y40: Fraternal Beneficiary Societies and Voluntary Employees Associations

Description

The Minnesota Bankers Association Employee Benefits Trust provides group insurance benefits for employees of member banks of Minnesota Bankers Assoc. It offers insurance products to over 5,400 employees of banks throughout Minnesota. The MBA Life Plan provides basic and optional life insurance to 3,568 employees of Minnesota banks. Also, the MBA Disability Plan provides long-term and short-term disability insurance to 2,860 employees of Minnesota banks while the MBA Dental Plan provides dental insurance.

Related structure

Minnesota Bankers Association Employee Benefits Trust is a subordinate organization under Minnesota Bankers Association.

Total revenues

$3,439,780

2023

Total expenses

$3,655,438

2023

Total assets

$1,847,930

2023

Num. employees

2023

Program areas at Minnesota Bankers Association Employee Benefits Trust

The MBA Life Plan provides basic and optional life insurance to 3,568 employees of Minnesota banks.The MBA Disability Plan provides long-term and short-term disability insurance to 2,860 employees of Minnesota banks.The MBA Dental Plan provides dental insurance to 2,487 employees of Minnesota banks.

Personnel at Minnesota Bankers Association Employee Benefits Trust

Name	Title	Compensation	Date of data
Joseph Witt	President and Chief Executive Officer	$0	2022-11-23
Diane Brower	Human Resources Director	$0	2022-06-30
Carla Bush	Director of Education	$0	2022-06-30
Tom Boswell-Healey	Compliance Consultant	$0	2022-06-30
Teresa Rice	Secretary	$0	2022-06-30
...and 1 more key personnel

Financials for Minnesota Bankers Association Employee Benefits Trust

Revenues	FYE 06/2023	FYE 06/2022	% Change
Total grants, contributions, etc.	$0	$0	-
Program services	$3,427,607	$3,474,468	-1.3%
Investment income and dividends	$12,173	$5,414	124.8%
Tax-exempt bond proceeds	$0	$0	-
Royalty revenue	$0	$0	-
Net rental income	$0	$0	-
Net gain from sale of non-inventory assets	$0	$0	-
Net income from fundraising events	$0	$0	-
Net income from gaming activities	$0	$0	-
Net income from sales of inventory	$0	$0	-
Miscellaneous revenues	$0	$0	-
Total revenues	$3,439,780	$3,479,882	-1.2%

Form 990s for Minnesota Bankers Association Employee Benefits Trust

Fiscal year ending	Date received by IRS	Form	PDF link
2023-06	2024-05-15	990	View PDF
2022-06	2022-11-23	990	View PDF
2021-06	2021-11-12	990	View PDF
2019-06	2020-01-23	990	View PDF
2018-06	2019-03-15	990	View PDF
...and 8 more Form 990s

Organizations like Minnesota Bankers Association Employee Benefits Trust

Organization	Type	Location	Revenue
IBEW Local 481 Supplemental Unemployment Benefit Plan	501(c)(9)	Indianapolis, IN	$1,246,191
Bd Of Trustees Ufcw Local 342 Safety Education	501(c)(9)	Mineola, NY	$2,355,601
International Association of Bridge Structural Ormtl and Reinforcing Ironworkers LCL 12 HLTH Fund	501(c)(9)	Wallingford, CT	$1,742,360
Board of Trustees of Ibew-Neca Vacation Fund Local 257	501(c)(9)	Saint Louis, MO	$2,972,245
Local 1102 Amalgamated Welfare Fund	501(c)(9)	Westbury, NY	$7,494,687
New England Health Care Emp Union and CT Nursing HM Traing and Upgd FND	501(c)(9)	Hartford, CT	$2,582,639
Bac Southern Region Vacation Trust Fund	501(c)(9)	Oklahoma City, OK	$1,642,157
Bricklayers Union Local No 6 of Indiana Welfare Fund	501(c)(9)	Merrillville, IN	$4,305,310
Heat and Frost Insulators and Allied Workers Local No 4 Welfare	501(c)(9)	Buffalo, NY	$1,622,408
Sheet Metal Workers Local Union No 25 New Jersey Welfare Fund	501(c)(9)	Carlstadt, NJ	$12,372,350

Data update history

July 12, 2024

Used new vendors

Identified 1 new vendor, including

November 25, 2023

Posted financials

Added Form 990 for fiscal year 2022

July 6, 2023

Updated personnel

Identified 17 new personnel

June 28, 2023

Posted financials

Added Form 990 for fiscal year 2021

June 4, 2023

Updated personnel

Identified 1 new personnel

Nonprofit Types

Fraternal societiesMutual assistance organizationsChapter / child organizations

Issues

Human servicesJobs and employment

Characteristics

State / local levelNo full-time employees

General information

Address: 8050 Washington Ave S 150; Eden Prairie, MN 55344
Metro area: Minneapolis-St. Paul-Bloomington, MN-WI
County: Hennepin County, MN
Phone: (952) 835-3900

IRS details

EIN: 41-1767627
Fiscal year end: June
Taxreturn type: Form 990
Year formed: 1986
Eligible to receive tax-deductible contributions (Pub 78): No

Categorization

NTEE code, primary: Y40: Fraternal Beneficiary Societies and Voluntary Employees Associations
NAICS code, primary: 525120: Health and Welfare Funds
Parent/child status: Subordinate organization

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Minnesota Bankers Association Employee Benefits Trust

Program areas at Minnesota Bankers Association Employee Benefits Trust

Personnel at Minnesota Bankers Association Employee Benefits Trust

Financials for Minnesota Bankers Association Employee Benefits Trust

Form 990s for Minnesota Bankers Association Employee Benefits Trust

Organizations like Minnesota Bankers Association Employee Benefits Trust

Nonprofits

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