Civic Intelligence

Minnesota Laborers Vacation Fund

990 • Fiscal year 2013 • EIN 23-7032783

Jan 01, 2013 to Dec 31, 2013 • Filed on Sep 26, 2014

2520 Pilot Knob Road No 32555120

(651) 256-1900

Siviq Scores

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

Liabilities / Assets

21st percentile

0.00x

Higher debt load relative to assets than 21% of similar nonprofits.

2013 filings • 501(c)9 • $25M-$50M nonprofits • Source year 2013

Liabilities / Revenue

24th percentile

0.00x

Higher debt load relative to revenue than 24% of similar nonprofits.

2013 filings • 501(c)9 • $25M-$50M nonprofits • Source year 2013

Net Margin

54th percentile

5.1%

Higher net margin than 54% of similar nonprofits.

2013 filings • 501(c)9 • $25M-$50M nonprofits • Source year 2013

Top Officer Pay

87th percentile

$222,565

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 0.8% of source-year revenue.

2013 filings • 501(c)9 • $25M-$50M nonprofits • Source year 2013

Asset Growth

62nd percentile

10%

Faster asset growth than 62% of similar nonprofits.

2013 filings • 501(c)9 • $25M-$50M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Assets

Up

$15,974,700

Up $1,461,269 (+10%) from 2012

Net Assets

Up

$15,963,624

Up $1,461,085 (+10%) from 2012

Liabilities

Up

$11,076

Up $184 (+1.7%) from 2012

Revenue

$29,276,119

No earlier filing loaded for comparison.

Expenses

Up

$27,796,032

Up $2,948,452 (+12%) from 2012

Net Income

$1,480,087

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$40M$30M$20M$10M$0Assets 2010: $13,328,690Liabilities 2010: $442,015Net Assets 2010: $12,886,6752010Assets 2011: $14,337,900Liabilities 2011: $544,947Net Assets 2011: $13,792,9532011Assets 2012: $14,513,431Liabilities 2012: $10,892Net Assets 2012: $14,502,5392012Assets 2013: $15,974,700Liabilities 2013: $11,076Net Assets 2013: $15,963,6242013Assets 2014: $17,199,025Liabilities 2014: $6,686Net Assets 2014: $17,192,3392014Assets 2015: $18,879,232Liabilities 2015: $6,131Net Assets 2015: $18,873,1012015Assets 2016: $19,833,479Liabilities 2016: $24,190Net Assets 2016: $19,809,2892016Assets 2017: $19,775,067Liabilities 2017: $5,777Net Assets 2017: $19,769,2902017Assets 2018: $21,220,299Liabilities 2018: $15,589Net Assets 2018: $21,204,7102018Assets 2019: $25,581,382Liabilities 2019: $19,080Net Assets 2019: $25,562,3022019Assets 2020: $25,436,222Liabilities 2020: $44,899Net Assets 2020: $25,391,3232020Assets 2021: $30,690,808Liabilities 2021: $14,287Net Assets 2021: $30,676,5212021Assets 2022: $30,700,458Liabilities 2022: $13,071Net Assets 2022: $30,687,3872022Assets 2023: $32,930,142Liabilities 2023: $13,851Net Assets 2023: $32,916,2912023Assets 2024: $32,429,773Liabilities 2024: $19,234Net Assets 2024: $32,410,5392024

Highlighted filing

2013

Assets$15,974,700
Liabilities$11,076
Net Assets$15,963,624

Operations Trend

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

$60M$40M$20M$0-$20MExpenses 2010: $20,833,0242010Expenses 2011: $21,759,9762011Expenses 2012: $24,847,5802012Revenue 2013: $29,276,119Expenses 2013: $27,796,032Net Income 2013: $1,480,0872013Revenue 2014: $31,528,506Expenses 2014: $30,296,228Net Income 2014: $1,232,2782014Revenue 2015: $35,424,397Expenses 2015: $33,745,947Net Income 2015: $1,678,4502015Revenue 2016: $36,044,982Expenses 2016: $35,111,671Net Income 2016: $933,3112016Revenue 2017: $35,911,395Expenses 2017: $36,059,635Net Income 2017: -$148,2402017Revenue 2018: $36,806,378Expenses 2018: $35,316,842Net Income 2018: $1,489,5362018Revenue 2019: $42,845,554Expenses 2019: $38,491,565Net Income 2019: $4,353,9892019Revenue 2020: $40,063,142Expenses 2020: $40,298,878Net Income 2020: -$235,7362020Revenue 2021: $47,584,274Expenses 2021: $42,315,613Net Income 2021: $5,268,6612021Revenue 2022: $45,888,621Expenses 2022: $45,877,755Net Income 2022: $10,8662022Revenue 2023: $49,061,868Expenses 2023: $46,832,964Net Income 2023: $2,228,9042023Revenue 2024: $51,806,501Expenses 2024: $52,312,253Net Income 2024: -$505,7522024

Highlighted filing

2013

Revenue$29,276,119
Expenses$27,796,032
Net Income$1,480,087
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Sep 26, 2014
Return Version
2013v3.0
Gross Receipts
$29,276,119
Mission and Program Overview

Mission

The trust is established for the purpose of paying, either from principal or income or both, vacation benefits for the benefit of participants, their families and beneficiaries.

Provide vacation benefits

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$14,502,539$15,963,624▲ $1,461,085
Savings and Temporary Cash Investments$12,617,848$14,032,029▲ $1,414,181
Accounts Receivable$1,894,723$1,942,144▲ $47,421
Prepaid Expenses and Deferred Charges$860$527▼ $333
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$14,513,431$15,974,700▲ $1,461,269
Liabilities
Accounts Payable and Accrued Expenses$10,892$11,076▲ $184
Total Liabilities$10,892$11,076▲ $184
Net Assets / Fund Balance
Total Net Assets Fund Balance$14,502,539$15,963,624▲ $1,461,085
Total Liabilities and Net Assets / Fund Balance$14,513,431$15,974,700▲ $1,461,269
Compensation and Service Providers

Employees

NameTitleOtherTotal
Dan OlsonTrustee$85,378$85,378

Board Members and Trustees

NameTitle
James BradyChairman
Jane SanemTrustee
Josh CooperTrustee
Martha HenricksonTrustee
Mitchell NohrenbergTrustee
Tammy BraastadTrustee
Gary ReedSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Zenith American Solutions INCContract Administrator-$151,487
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$29,248,977
Investment Income
$27,142
Other Revenue
$0
Change in Net Assets
$1,480,087

Audited Revenue Reconciliation

Revenue per Audited Statements
$29,274,944
Revenue Not Reported on Financial Statements
$1,175
Revenue Not Reported on Form 990
$-19,002
Other Revenue Adjustments
$1,175
Total Revenue per Audited Statements
$29,255,942
Total Revenue per Form 990
$29,276,119
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$230,113
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---$27,565,919
Fees for Services Management---$133,286
Fees for Services Legal---$40,186
Office Expenses---$25,993
Fees for Services Accounting---$21,301
Insurance---$5,069
Fees for Services Other---$4,278
Total Functional Expenses$0$0$0$27,796,032

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$27,796,032
Expenses per Audited Statements$27,794,857
Total Expenses per Audited Statements$27,794,857
Expenses Not Reported on Financial Statements$1,175
Other Expense Adjustments$1,175
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
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

Although the board retains ultimate responsibility, the board of trustees has delegated the day to day administrative duties to zenith american solutions, inc. As the third party administrator of the plan.

Form 990, Part VI, Section B, Line 11

Form 990 is provided to, reviewed, and approved by the entire board of trustees before the form 990 is filed.

Form 990, Part VI, Section C, Line 19

The organization does not make its governing documents, financial statements, and the conflict of interest policy available to the public. These documents are available to the participants of the plan upon request.

Filing and Contact Details

Filer

EIN
23-7032783
Phone
6512561900

Signing Officer

Name
Martha Henrickson
Title
Trustee
Phone
6512561900
Signed
2014-09-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jim Brady
Formed
1968
Legal Domicile
Mn
Voting Board Members
8
Independent Board Members
4
Employees
0
Volunteers
0

Preparer

Preparer
Eric C Baertsch
Phone
9528413950
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The plan files form 990, return of organization exempt from income tax, and form 5500, annual return/report of employee benefit plan. The plan's returns are subject to examination by the internal revenue service until the applicable statute of limitation expires.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

LEGAL RECOVERIES 1175.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

LEGAL RECOVERIES 1175.

Raw XML AppendixShowing 400 of 2,697 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/SupplementalInformationDetail/ExplanationTxt0THE PLAN FILES FORM 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, AND FORM 5500, ANNUAL RETURN/REPORT OF EMPLOYEE BENEFIT PLAN. THE PLAN'S RETURNS ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE UNTIL THE APPLICABLE STATUTE OF LIMITATION EXPIRES.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1LEGAL RECOVERIES 1175.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2LEGAL RECOVERIES 1175.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 4B - OTHER ADJUSTMENTS:
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0JAMES BRADY
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2MITCHELL NOHRENBERG
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1SECRETARY
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IRS990ScheduleJ/SeverancePaymentInd00
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IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ALTHOUGH THE BOARD RETAINS ULTIMATE RESPONSIBILITY, THE BOARD OF TRUSTEES HAS DELEGATED THE DAY TO DAY ADMINISTRATIVE DUTIES TO ZENITH AMERICAN SOLUTIONS, INC. AS THE THIRD PARTY ADMINISTRATOR OF THE PLAN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS PROVIDED TO, REVIEWED, AND APPROVED BY THE ENTIRE BOARD OF TRUSTEES BEFORE THE FORM 990 IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND THE CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC. THESE DOCUMENTS ARE AVAILABLE TO THE PARTICIPANTS OF THE PLAN UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$32.4$0.02$32.4$51.8$52.3$0.51
2023Detailed filing. Detailed filing data is available for this year.$32.9$0.01$32.9$49.1$46.8$2.23
2022Detailed filing. Detailed filing data is available for this year.$30.7$0.01$30.7$45.9$45.9$0.01
2021Detailed filing. Detailed filing data is available for this year.$30.7$0.01$30.7$47.6$42.3$5.27
2020Detailed filing. Detailed filing data is available for this year.$25.4$0.04$25.4$40.1$40.3$0.24
2019Detailed filing. Detailed filing data is available for this year.$25.6$0.02$25.6$42.8$38.5$4.35
2018Detailed filing. Detailed filing data is available for this year.$21.2$0.02$21.2$36.8$35.3$1.49
2017Detailed filing. Detailed filing data is available for this year.$19.8$0.01$19.8$35.9$36.1$0.15
2016Detailed filing. Detailed filing data is available for this year.$19.8$0.02$19.8$36.0$35.1$0.93
2015Detailed filing. Detailed filing data is available for this year.$18.9$0.01$18.9$35.4$33.7$1.68
2014Detailed filing. Detailed filing data is available for this year.$17.2$0.01$17.2$31.5$30.3$1.23
2013Detailed filing. Detailed filing data is available for this year.$16.0$0.01$16.0$29.3$27.8$1.48
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.5$0.01$14.5$24.8
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.3$0.54$13.8$21.8
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.3$0.44$12.9$20.8
Peer Organizations

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