EIN 27-1461867

Nonprofit Insurance Trust

IRS 501(c) type
501(c)(3)
Num. employees
0
Year formed
2009
Most recent tax filings
2022-12-01
Description
The Nonprofit Insurance Trust is an organization that administers self-insurance pools for nonprofit organizations in Minnesota. It is made up of community based rehabilitation facilities and employment training facilities, located in Lakeville, MN.
Total revenues
$17,278,123
2022
Total expenses
$14,463,298
2022
Total assets
$40,084,591
2022
Num. employees
0
2022

Program areas at Nonprofit Insurance Trust

The Nonprofit Insurance Trust (Trust) was established to administer self-insurance pools for nonprofit organizations in the State of Minnesota. The members of the Trust are made up of day support services programs, employment training facilities for clients with disabilities, group homes, community mental health centers, community service organizations, nonprofit schools, and other social service organizations. The Trust is formed to pool the risks of the member organizations. The Trust may have one or more pools of nonprofit organizations. The Trust negotiates the insurance contracts, determines and processes eligibility decisions, communicates the plan features and rates to subscribers, administers claims and billing issues, collects premiums, and monitors legislative developments that affect the insurance plan.

Personnel at Nonprofit Insurance Trust

NameTitleCompensation
Lynne MeganBoard Member$0
Sarah AckermanBoard Chair$0
Jim BettendorfVice Chair$0
Kris SolzSecretary$0
Laura PurfeerstTreasurer$0
...and 3 more key personnel

Financials for Nonprofit Insurance Trust

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Program services$17,052,812
Investment income and dividends$414,209
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-188,898
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$17,278,123

Form 990s for Nonprofit Insurance Trust

Fiscal year endingDate received by IRSFormPDF link
2022-122023-10-18990View PDF
2021-122022-10-07990View PDF
2020-122021-05-28990View PDF
2019-122021-02-19990View PDF
2018-122019-12-11990View PDF
...and 7 more Form 990s
Data update history
November 27, 2023
Posted financials
Added Form 990 for fiscal year 2022
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
May 9, 2023
Updated personnel
Identified 3 new personnel
September 13, 2021
Posted financials
Added Form 990 for fiscal year 2020
September 12, 2021
Updated personnel
Identified 6 new personnel
Nonprofit Types
Mutual assistance organizationsInsurance companiesEnvironmental organizationsCharities
Issues
No issues found
Characteristics
LobbyingState / local levelCommunity engagement / volunteeringTax deductible donationsNo full-time employees
General information
Address
21034 Heron Way Ste 107
Lakeville, MN 55044
Metro area
Minneapolis-St. Paul-Bloomington, MN-WI
County
Dakota County, MN
Website URL
nitmn.org/ 
Phone
(952) 469-5963
IRS details
EIN
27-1461867
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2009
Eligible to receive tax-deductible contributions (Pub 78)
Yes
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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