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EIN 41-6160028

Minnesota School Boards Association Insurance Trust

IRS 501(c) type
501(c)(4)
Num. employees
0
City
St Peter
State
Minnesota
Year formed
1972
Most recent tax filings
2023-06-01
NTEE code, primary
Y20: Insurance Providers, Services
Description
The Minnesota School Boards Association Insurance Trust provides member school districts with insurance and risk management tools through a joint-powers organization formed by the Minnesota School Boards Association. MSBAIT offers pooled self-insurance and endorsed programs for its members. The trust is located in St Peter, MN.
Total revenues
$3,096,426
2023
Total expenses
$903,563
2023
Total assets
$51,445,174
2023
Num. employees
0
2023

Program areas at Minnesota School Boards Association Insurance Trust

The Minnesota School Boards Association Insurance Trust (MSBAIT) is a joint-powers organization that was formed by the Minnesota School Boards Association (MSBA) to provide pooled self-insurance and endorsed programs to member schools. MSBAIT self-insurance programs are in abeyance and the organization will continue to adjudicate claims for policies previously underwritten, but will no longer underwrite any new policies.

Personnel at Minnesota School Boards Association Insurance Trust

NameTitleCompensation
Amy Fullenkamp-TaylorDirector of Management Services
Greg AbbottDirector of Communications and Marketing
Donn JensonDirector of Technology
Terence MorrowDirector of Legal and Policy Services
Barb DornDirector of Leadership Development and Executive Search
...and 6 more key personnel

Financials for Minnesota School Boards Association Insurance Trust

RevenuesFYE 06/2023
Total grants, contributions, etc.$0
Program services$1,414,452
Investment income and dividends$1,422,185
Tax-exempt bond proceeds$0
Royalty revenue$408,692
Net rental income$0
Net gain from sale of non-inventory assets$-151,701
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$2,798
Total revenues$3,096,426

Form 990s for Minnesota School Boards Association Insurance Trust

Fiscal year endingDate received by IRSFormPDF link
2023-062023-11-09990View PDF
2022-062022-11-08990View PDF
2021-062021-11-01990View PDF
2020-062021-06-08990View PDF
2019-062020-10-03990View PDF
...and 9 more Form 990s
Data update history
January 20, 2024
Posted financials
Added Form 990 for fiscal year 2023
January 20, 2024
Updated personnel
Identified 1 new personnel
July 28, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 29, 2023
Posted financials
Added Form 990 for fiscal year 2021
September 11, 2022
Used new vendors
Identified 1 new vendor, including
Nonprofit Types
Mutual assistance organizationsInsurance companiesEnvironmental organizations
Issues
No issues found
Characteristics
State / local levelNo full-time employees
General information
Address
1900 W Jefferson Ave
St Peter, MN 56082
Metro area
Mankato, MN
County
Nicollet County, MN
Website URL
mnmsba.org/msbait/ 
Phone
(507) 934-2450
IRS details
EIN
41-6160028
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1972
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
Y20: Insurance Providers, Services
NAICS code, primary
524126: Direct Property and Casualty Insurance Carriers
Parent/child status
Independent
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