Civic Intelligence

Associated General Contractors of North Dakota Employee Benefit Trust

990 • Fiscal year 2015 • EIN 20-0153871

May 01, 2014 to Apr 30, 2015 • Filed on Sep 09, 2015

PO Box 1624Bismarck, ND 58502-1624

(701) 282-4977

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

41st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2015 filings • NTEE Y • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

41st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2015 filings • NTEE Y • $1M-$5M nonprofits • Source year 2015

Net Margin

43rd percentile

3.5%

Higher net margin than 43% of similar nonprofits.

2015 filings • NTEE Y • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

53rd percentile

$0

Higher top officer pay than 53% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2015 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2015

Asset Growth

56th percentile

3.9%

Faster asset growth than 56% of similar nonprofits.

2015 filings • NTEE Y • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

39th percentile

-5.4%

Faster revenue growth than 39% of similar nonprofits.

2015 filings • NTEE Y • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Up

$4,205,593

Up $158,644 (+3.9%) from 2014

Net Assets

Up

$4,205,593

Up $159,791 (+3.9%) from 2014

Liabilities

Down

$0

Down $1,147 (-100%) from 2014

Revenue

Down

$3,183,371

Down $183,187 (-5.4%) from 2014

Expenses

Down

$3,072,270

Down $319,591 (-9.4%) from 2014

Net Income

Up

$111,101

Up $136,404 (+539%) from 2014

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$10M$5.0M$0Assets 2010: $4,961,447Liabilities 2010: $3,705Net Assets 2010: $4,957,7422010Assets 2012: $4,276,536Liabilities 2012: $23,664Net Assets 2012: $4,252,8722012Assets 2013: $3,991,415Liabilities 2013: $12,413Net Assets 2013: $3,979,0022013Assets 2014: $4,046,949Liabilities 2014: $1,147Net Assets 2014: $4,045,8022014Assets 2015: $4,205,593Liabilities 2015: $0Net Assets 2015: $4,205,5932015Assets 2016: $4,433,226Liabilities 2016: $0Net Assets 2016: $4,433,2262016Assets 2017: $4,940,569Liabilities 2017: $5,445Net Assets 2017: $4,935,1242017Assets 2018: $4,950,255Liabilities 2018: $0Net Assets 2018: $4,950,2552018Assets 2019: $5,017,573Liabilities 2019: $832Net Assets 2019: $5,016,7412019Assets 2020: $5,264,144Liabilities 2020: $15,359Net Assets 2020: $5,248,7852020Assets 2021: $5,763,253Liabilities 2021: $89,804Net Assets 2021: $5,673,4492021Assets 2022: $6,781,820Liabilities 2022: $52,723Net Assets 2022: $6,729,0972022Assets 2023: $6,120,731Liabilities 2023: $64,653Net Assets 2023: $6,056,0782023Assets 2025: $8,145,040Liabilities 2025: $128,053Net Assets 2025: $8,016,9872025

Highlighted filing

2015

Assets$4,205,593
Liabilities$0
Net Assets$4,205,593

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0-$5.0MExpenses 2010: $3,027,9662010Expenses 2012: $3,245,3062012Revenue 2013: $2,825,147Expenses 2013: $3,099,017Net Income 2013: -$273,8702013Revenue 2014: $3,366,558Expenses 2014: $3,391,861Net Income 2014: -$25,3032014Revenue 2015: $3,183,371Expenses 2015: $3,072,270Net Income 2015: $111,1012015Revenue 2016: $2,950,073Expenses 2016: $2,654,002Net Income 2016: $296,0712016Revenue 2017: $2,866,995Expenses 2017: $2,537,835Net Income 2017: $329,1602017Revenue 2018: $2,399,270Expenses 2018: $2,423,430Net Income 2018: -$24,1602018Revenue 2019: $2,381,145Expenses 2019: $2,398,358Net Income 2019: -$17,2132019Revenue 2020: $3,351,263Expenses 2020: $3,087,668Net Income 2020: $263,5952020Revenue 2021: $5,239,793Expenses 2021: $4,940,049Net Income 2021: $299,7442021Revenue 2022: $6,106,611Expenses 2022: $4,768,474Net Income 2022: $1,338,1372022Revenue 2023: $6,721,423Expenses 2023: $7,448,683Net Income 2023: -$727,2602023Revenue 2025: $8,129,787Expenses 2025: $7,239,437Net Income 2025: $890,3502025

Highlighted filing

2015

Revenue$3,183,371
Expenses$3,072,270
Net Income$111,101
Jump To
Filing Snapshot
Filing Period
May 1, 2014 to Apr 30, 2015
Signed
Sep 9, 2015
Return Version
2014v5.0
Gross Receipts
$3,183,371
Mission and Program Overview

Mission

Provide welfare benefits to employees and their dependents whose employers are members of the associated general contractors of north dakota.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$4,045,802$4,205,593▲ $159,791
Investments in Publicly Traded Securities$1,476,217$2,133,420▲ $657,203
Investments Other Securities$2,440,880$1,973,997▼ $466,883
Accounts Receivable$104,043$85,604▼ $18,439
Cash and Non-Interest-Bearing Accounts$11,760$12,572▲ $812
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Total Assets$4,046,949$4,205,593▲ $158,644
Other Assets Total$14,049$0▼ $14,049
Liabilities
Accounts Payable and Accrued Expenses$1,147$0▼ $1,147
Total Liabilities$1,147$0▼ $1,147
Net Assets / Fund Balance
Total Net Assets Fund Balance$4,045,802$4,205,593▲ $159,791
Total Liabilities and Net Assets / Fund Balance$4,046,949$4,205,593▲ $158,644

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$399,323--
Compensation and Service Providers
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$3,136,729
Investment Income
$46,642
Other Revenue
$0
Change in Net Assets
$111,101

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,160,897
Revenue Not Reported on Financial Statements
$22,474
Revenue Not Reported on Form 990
$48,690
Total Revenue per Audited Statements
$3,209,587
Total Revenue per Form 990
$3,183,371
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$726,938
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members$2,345,332--$2,345,332
Insurance$551,490--$551,490
Fees for Services Legal$29,460--$29,460
Fees for Service Investment Mgmnt Fees$22,474--$22,474
Other Expenses$14,732--$14,732
Fees for Services Accounting$10,000--$10,000
Total Functional Expenses$3,072,270$0$0$3,072,270

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$3,072,270
Expenses per Audited Statements$3,049,796
Total Expenses per Audited Statements$3,049,796
Expenses Not Reported on Financial Statements$22,474
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The trust is a voluntary employees beneficiary association (veba). Under the regulations, vebas are described as having members (the participants of the plans funded through the trust).

Form 990, Part VI, Section B, Line 11

The board of directors will review and approve the form 990 before it is filed.

Form 990, Part VI, Section C, Line 19

The documents will be available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Associated General Contractors
EIN
20-0153871
Phone
7012824977
Address
PO BOX 1624, BISMARCK, ND 58502-1624

Signing Officer

Name
Donn Diederich
Title
Chair
Phone
7012824977
Signed
2015-09-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Donn Diederich
Formed
1971
Legal Domicile
Nd
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
0

Preparer

Firm
Fiebiger Swanson West & Copllp
Address
2537 S UNIVERSITY DR STE 200, FARGO, ND 58103
Preparer
Jeremy Ulmer CPA
Phone
7012802100
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The process has not changed from the prior year.

Financial Statement Notes

PART X, LINE 2:

According to gaap, the foundation is required to record a liability for uncertain tax positions when it is probable that a loss has been incurred and the amount can be reasonably estimated. As of april 30, 2015, no such liability existed. Management will continually evaluate expiring statutes of limitations, audits, proposed settlements, changes in tax law, and new authoritative rulings.

Raw XML Appendix361 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/RevenueNotReportedAmt048690
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt022474
IRS990ScheduleD/RevenueSubtotalAmt03160897
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ACCORDING TO GAAP, THE FOUNDATION IS REQUIRED TO RECORD A LIABILITY FOR UNCERTAIN TAX POSITIONS WHEN IT IS PROBABLE THAT A LOSS HAS BEEN INCURRED AND THE AMOUNT CAN BE REASONABLY ESTIMATED. AS OF APRIL 30, 2015, NO SUCH LIABILITY EXISTED. MANAGEMENT WILL CONTINUALLY EVALUATE EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW, AND NEW AUTHORITATIVE RULINGS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueSecuritiesAmt01973997
IRS990ScheduleD/TotalExpensesPerForm990Amt03072270
IRS990ScheduleD/TotalRevenuePerForm990Amt03183371
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03209587
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03049796
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE TRUST IS A VOLUNTARY EMPLOYEES BENEFICIARY ASSOCIATION (VEBA). UNDER THE REGULATIONS, VEBAS ARE DESCRIBED AS HAVING MEMBERS (THE PARTICIPANTS OF THE PLANS FUNDED THROUGH THE TRUST).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS WILL REVIEW AND APPROVE THE FORM 990 BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE DOCUMENTS WILL BE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt04046949
IRS990/TotalAssetsEOYAmt04205593
IRS990/TotalAssetsGrp/BOYAmt04046949
IRS990/TotalAssetsGrp/EOYAmt04205593
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03072270
IRS990/TotalFunctionalExpensesGrp/TotalAmt03072270
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01147
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt01147
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt04045802
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04205593
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt03072270
IRS990/TotalProgramServiceRevenueAmt03136729
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt046642
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt03136729
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03183371
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04046949
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04205593
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationAssocInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 1624
IRS990/USAddress/CityNm0BISMARCK
IRS990/USAddress/StateAbbreviationCd0ND
IRS990/USAddress/ZIPCd0585021624
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.AGCND.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DONN DIEDERICH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIR
ReturnHeader/BusinessOfficerGrp/PhoneNum07012824977
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-09-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ASSOCIATED GENERAL CONTRACTORS
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0OF NORTH DAKOTA EMPLOYEE BENEFIT TRUST
ReturnHeader/Filer/BusinessNameControlTxt0ASSO
ReturnHeader/Filer/EIN0200153871
ReturnHeader/Filer/PhoneNum07012824977
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 1624
ReturnHeader/Filer/USAddress/CityNm0BISMARCK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0ND
ReturnHeader/Filer/USAddress/ZIPCd0585021624
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0416134264
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0FIEBIGER SWANSON WEST & COPLLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02537 S UNIVERSITY DR STE 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FARGO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0ND
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd058103
ReturnHeader/PreparerPersonGrp/PhoneNum07012802100
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JEREMY ULMER CPA
ReturnHeader/ReturnTs02015-09-09T16:01:45-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-05-01
ReturnHeader/TaxPeriodEndDt02015-04-30
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.15$0.13$8.02$8.13$7.24$0.89
2023Summary only. Only limited summary data is available for this year.$6.12$0.06$6.06$6.72$7.45$0.73
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.78$0.05$6.73$6.11$4.77$1.34
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.76$0.09$5.67$5.24$4.94$0.30
2020Summary only. Only limited summary data is available for this year.$5.26$0.02$5.25$3.35$3.09$0.26
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.02$0.00$5.02$2.38$2.40$0.02
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.95$0.00$4.95$2.40$2.42$0.02
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.94$0.01$4.94$2.87$2.54$0.33
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.43$0.00$4.43$2.95$2.65$0.30
2015Detailed filing. Detailed filing data is available for this year.$4.21$0.00$4.21$3.18$3.07$0.11
2014Detailed filing. Detailed filing data is available for this year.$4.05$0.00$4.05$3.37$3.39$0.03
2013Summary only. Only limited summary data is available for this year.$3.99$0.01$3.98$2.83$3.10$0.27
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.28$0.02$4.25$3.25
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.96$0.00$4.96$3.03