Civic Intelligence

3M Employees Welfare Benefits Association

990 • Fiscal year 2016 • EIN 36-3604792

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 13, 2017

Organization ProfileN/A
3M Center Building 224-5n-40St Paul, MN 55144

(651) 736-8146

Siviq Scores

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

Liabilities / Assets

96th percentile

1.12x

Higher debt load relative to assets than 96% of similar nonprofits.

2016 filings • 501(c)9 • $250M-$1B nonprofits • Source year 2016

Liabilities / Revenue

82nd percentile

0.26x

Higher debt load relative to revenue than 82% of similar nonprofits.

2016 filings • 501(c)9 • $250M-$1B nonprofits • Source year 2016

Net Margin

61st percentile

6.8%

Higher net margin than 61% of similar nonprofits.

2016 filings • 501(c)9 • $250M-$1B nonprofits • Source year 2016

Top Officer Pay

42nd percentile

$31,953

Higher top officer pay than 42% of similar nonprofits.

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

2016 filings • 501(c)9 • $250M-$1B nonprofits • Source year 2016

Asset Growth

69th percentile

9.7%

Faster asset growth than 69% of similar nonprofits.

2016 filings • 501(c)9 • $250M-$1B nonprofits • Annualized from 2015 to 2016

Revenue Growth

61st percentile

8.6%

Faster revenue growth than 61% of similar nonprofits.

2016 filings • 501(c)9 • $250M-$1B nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets96th percentile

Assets

Up

$102,498,588

Up $9,069,822 (+9.7%) from 2015

Net Assets

Up

-$12,110,056

Up $7,285,690 (+38%) from 2015

Liabilities

Up

$114,608,644

Up $1,784,132 (+1.6%) from 2015

Revenue And Expenses
Liabilities / Revenue82nd percentileNet Margin61st percentile

Revenue

Up

$445,344,846

Up $35,212,797 (+8.6%) from 2015

Expenses

Up

$415,176,973

Up $3,391,732 (+0.8%) from 2015

Net Income

Up

$30,167,873

Up $31,821,065 (+1925%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth69th percentile

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

$200M$100M$0-$100M-$200MAssets 2010: $68,616,647Liabilities 2010: $109,026,633Net Assets 2010: -$40,409,9862010Assets 2011: $74,740,036Liabilities 2011: $115,450,594Net Assets 2011: -$40,710,5582011Assets 2012: $80,661,903Liabilities 2012: $112,664,194Net Assets 2012: -$32,002,2912012Assets 2013: $86,155,923Liabilities 2013: $107,238,460Net Assets 2013: -$21,082,5372013Assets 2014: $91,766,195Liabilities 2014: $109,123,521Net Assets 2014: -$17,357,3262014Assets 2015: $93,428,766Liabilities 2015: $112,824,512Net Assets 2015: -$19,395,7462015Assets 2016: $102,498,588Liabilities 2016: $114,608,644Net Assets 2016: -$12,110,0562016Assets 2017: $13,747,569Liabilities 2017: $114,741,539Net Assets 2017: -$100,993,9702017Assets 2018: $0Liabilities 2018: $0Net Assets 2018: $02018

Highlighted filing

2016

Assets$102,498,588
Liabilities$114,608,644
Net Assets-$12,110,056
Open 2016 Filing

Operations Trend

Revenue Growth61st percentile

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

$600M$400M$200M$0-$200MExpenses 2010: $340,689,0842010Expenses 2011: $355,098,6812011Expenses 2012: $382,381,2532012Revenue 2013: $396,050,627Expenses 2013: $395,475,538Net Income 2013: $575,0892013Revenue 2014: $375,859,924Expenses 2014: $378,287,383Net Income 2014: -$2,427,4592014Revenue 2015: $410,132,049Expenses 2015: $411,785,241Net Income 2015: -$1,653,1922015Revenue 2016: $445,344,846Expenses 2016: $415,176,973Net Income 2016: $30,167,8732016Revenue 2017: $323,370,827Expenses 2017: $412,254,741Net Income 2017: -$88,883,9142017Revenue 2018: $442,014,144Expenses 2018: $444,609,180Net Income 2018: -$2,595,0362018

Highlighted filing

2016

Revenue$445,344,846
Expenses$415,176,973
Net Income$30,167,873
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 13, 2017
Return Version
2016v3.1
Gross Receipts
$445,344,846
Mission and Program Overview

Mission

To finance medical, dental, and long-term disability benefits provided to current 3m employees.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$27,157,950$94,825,520▲ $67,667,570
Investments Other Securities$61,996,583$0▼ $61,996,583
Cash and Non-Interest-Bearing Accounts$32,006$1,084▼ $30,922
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$-19,395,746$-12,110,056▲ $7,285,690
Total Assets$93,428,766$102,498,588▲ $9,069,822
Other Assets Total$4,242,227$7,671,984▲ $3,429,757
Liabilities
Accounts Payable and Accrued Expenses$109,065,249$114,608,644▲ $5,543,395
Other Liabilities$3,759,263$0▼ $3,759,263
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$112,824,512$114,608,644▲ $1,784,132
Net Assets / Fund Balance
Total Net Assets Fund Balance$-19,395,746$-12,110,056▲ $7,285,690
Total Liabilities and Net Assets / Fund Balance$93,428,766$102,498,588▲ $9,069,822

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$26,452--
Compensation and Service Providers
Top Officer Pay42nd percentile

Employees

NameTitleBaseTotal
The Bank of New York MellonTrustee$31,953$31,953

Board Members and Trustees

NameTitle
Michael A AndersonPresident
Gregg M LarsonDirector
Marlene M McGrathDirector
Matthew J GinterDirector
Kimberly M TorsethAssistant Treasurer
David OverstreetSecretary
Dennis P DuerstTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Blue cross blue shieldPROCESS MED claims3535 BLUE CROSS ROAD, Eagan, MN 55122-1154$8,534,431
Health PartnersProcess Med Claims8170 33RD AVE S M/S 21104A, Bloomington, MN 55425$7,778,782
CaremarkPrcss Med Presc Clms2211 SANDERS ROAD, Northbrook, IL 60062$1,894,080
HewittRecordkeeping Svcs45 SOUTH 7TH ST STE 2100, Minneapolis, MN 55402$1,232,164
Delta DentalProcess Dental Clms3560 DELTA DENTAL DR, Eagan, MN 55122-3166$1,122,907
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$418,635,568
Investment Income
$30,734,233
Other Revenue
$-4,024,955
Change in Net Assets
$30,167,873

Audited Revenue Reconciliation

Revenue per Audited Statements
$445,270,050
Revenue Not Reported on Financial Statements
$74,796
Revenue Not Reported on Form 990
$-22,882,183
Total Revenue per Audited Statements
$422,387,867
Total Revenue per Form 990
$445,344,846
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$21,192,504
Salaries, Compensation, and Employee Benefits$31,953
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$393,952,516
Fees for Services Other---$116,255
Fees for Service Investment Mgmnt Fees---$74,796
Other Expenses---$66,118
Fees for Services Accounting---$52,350
Current Officers, Directors, Trustees, and Key Employees---$31,953
Total Functional Expenses$0$0$0$415,176,973

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$415,176,973
Expenses per Audited Statements$409,428,177
Total Expenses per Audited Statements$409,428,177
Expenses Not Reported on Financial Statements$5,748,796
Other Expense Adjustments$5,674,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
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 8B

“The trust does not have any committees authorized to act on behalf of the governing body.”

Form 990, Part VI, Section B, Line 11

“The return is reviewed by individuals within the 3m company tax department prior to filing.”

Form 990, Part VI, Section C, Line 19

“Governing documentation and financial statements are not legally required to be disclosed to the public and therefore are not made available. The trust does not have a conflict of interest policy.”

Filing and Contact Details

Filer

Filer Name
3m Employees Welfare Benefits Association
EIN
36-3604792
In Care Of
% JED LARKIN
Phone
6517368146
Address
3M CENTER BUILDING 224-5N-40, ST PAUL, MN 55144

Signing Officer

Name
Kimberly M Torseth
Title
Asst. Treasurer
Phone
6517337377
Signed
2017-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Janice K Angell
Formed
1987
Legal Domicile
Ma
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
7

Preparer

Firm
Ernst & Young US Llp
Address
111 MONUMENT CIR STE 4000, INDIANAPOLIS, IN 46204
Preparer
Benjamin Pitchkites
Phone
3176817000
Supplemental Narrative

Financial Statement Notes

Part X, Line 2

“TRUST II CONSTITUTES A QUALIFIED VOLUNTARY EMPLOYEE BENEFIT ASSOCIATION UNDER SECTION 501(C)(9) OF THE INTERNAL REVENUE CODE (IRC) AND IS, THEREFORE, CONSIDERED TO BE EXEMPT FROM FEDERAL INCOME TAXES UNDER PROVISIONS OF SECTION 50l(A). TRUST II OBTAINED ITS LATEST DETERMINATION LETTER ON JUNE 13, 1989, IN WHICH THE INTERNAL REVENUE SERVICE (IRS) STATED THAT TRUST II, AS DESIGNED, WAS IN COMPLIANCE WITH THE APPLICABLE REQUIREMENTS OF THE IRC. TRUST II HAS BEEN AMENDED SINCE RECEIVING THE DETERMINATION LETTER. HOWEVER, THE TRUST II ADMINISTRATOR BELIEVES THAT THE PLAN IS CURRENTLY DESIGNED AND BEING OPERATED IN COMPLIANCE WITH THE APPLICABLE REQUIREMENTS OF THE IRC. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE PLAN MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE PLAN AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE PLAN HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS. THE PLAN IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. PART XII, LINE 4B - OTHER ADJUSTMENTS CHANGE IN IBNR YEAR OVER YEAR $5,674,000”

Raw XML AppendixShowing 400 of 521 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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IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt029761928
IRS990/GrossReceiptsAmt0445344846
IRS990/GrossSalesOfInventoryAmt00
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt03
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/TotalAmt00
IRS990/IntangibleAssetsGrp/BOYAmt00
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/BOYAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt0972305
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0972305
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt061996583
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt027157950
IRS990/InvestmentsPubTradedSecGrp/EOYAmt094825520
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/BOYAmt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LegalDomicileStateCd0MA
IRS990/LoanOutstandingInd0false
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt00
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0false
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO FINANCE MEDICAL, DENTAL, AND LONG-TERM DISABILITY BENEFITS PROVIDED TO CURRENT 3M EMPLOYEES.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt00
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt00
IRS990/NetAssetsOrFundBalancesBOYAmt0-19395746
IRS990/NetAssetsOrFundBalancesEOYAmt0-12110056
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt029761928
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt029761928
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-22882183
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt04242227
IRS990/OtherAssetsTotalGrp/EOYAmt07671984
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0ADMINISTRATION
IRS990/OtherExpensesGrp/Desc1SERVICE FEES
IRS990/OtherExpensesGrp/Desc2OTHER FEE
IRS990/OtherExpensesGrp/TotalAmt020822606
IRS990/OtherExpensesGrp/TotalAmt160379
IRS990/OtherExpensesGrp/TotalAmt266118
IRS990/OtherLiabilitiesGrp/BOYAmt03759263
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt0-4024955
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0-4024955
IRS990/OtherRevenueTotalAmt0-4024955
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0JANICE K ANGELL
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0525100
IRS990/ProgramServiceRevenueGrp/BusinessCd1525100
IRS990/ProgramServiceRevenueGrp/Desc0EMPLOYER CONTRIBUTIONS
IRS990/ProgramServiceRevenueGrp/Desc1MEMBER CONTRIBUTIONS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0331590398
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt187045170
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0331590398
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt187045170
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt0390059155
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01402336
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt021694673
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0408729713
IRS990/PYRevenuesLessExpensesAmt0-1653192
IRS990/PYSalariesCompEmpBnftPaidAmt031413
IRS990/PYTotalExpensesAmt0411785241
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0410132049
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt030167873
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt00
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0-19395746
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0-12110056
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt05748796
IRS990ScheduleD/ExpensesSubtotalAmt0409428177
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt074796
IRS990ScheduleD/InvestmentExpensesNotIncldAmt074796
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-22882183
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt07645532
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt126452
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0REBATES RECEIVABLE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1ACCRUED INTEREST AND DIVIDENDS
IRS990ScheduleD/OtherExpensesNotIncludedAmt05674000
IRS990ScheduleD/RevenueNotReportedAmt0-22882183
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt074796
IRS990ScheduleD/RevenueSubtotalAmt0445270050
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0TRUST II CONSTITUTES A QUALIFIED VOLUNTARY EMPLOYEE BENEFIT ASSOCIATION UNDER SECTION 501(C)(9) OF THE INTERNAL REVENUE CODE (IRC) AND IS, THEREFORE, CONSIDERED TO BE EXEMPT FROM FEDERAL INCOME TAXES UNDER PROVISIONS OF SECTION 50l(A). TRUST II OBTAINED ITS LATEST DETERMINATION LETTER ON JUNE 13, 1989, IN WHICH THE INTERNAL REVENUE SERVICE (IRS) STATED THAT TRUST II, AS DESIGNED, WAS IN COMPLIANCE WITH THE APPLICABLE REQUIREMENTS OF THE IRC. TRUST II HAS BEEN AMENDED SINCE RECEIVING THE DETERMINATION LETTER. HOWEVER, THE TRUST II ADMINISTRATOR BELIEVES THAT THE PLAN IS CURRENTLY DESIGNED AND BEING OPERATED IN COMPLIANCE WITH THE APPLICABLE REQUIREMENTS OF THE IRC. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE PLAN MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE PLAN AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE PLAN HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS. THE PLAN IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. PART XII, LINE 4B - OTHER ADJUSTMENTS CHANGE IN IBNR YEAR OVER YEAR $5,674,000
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2
IRS990ScheduleD/TotalBookValueOtherAssetsAmt07671984
IRS990ScheduleD/TotalExpensesPerForm990Amt0415176973
IRS990ScheduleD/TotalLiabilityAmt00
IRS990ScheduleD/TotalRevenuePerForm990Amt0445344846
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0422387867
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0409428177
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE TRUST DOES NOT HAVE ANY COMMITTEES AUTHORIZED TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE RETURN IS REVIEWED BY INDIVIDUALS WITHIN THE 3M COMPANY TAX DEPARTMENT PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTATION AND FINANCIAL STATEMENTS ARE NOT LEGALLY REQUIRED TO BE DISCLOSED TO THE PUBLIC AND THEREFORE ARE NOT MADE AVAILABLE. THE TRUST DOES NOT HAVE A CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0410417775
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C CORP
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0MA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0MANUFACTURING
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt03M COMPANY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt03M CENTER BUILDING 224-5N-40
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0ST PAUL
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0MN
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd055144
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd1false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd2false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt1NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt2NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt03M EEs Welfare Ben Assoc Trust I
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt13M EEs Welfare Ben Assoc Trust III
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt23M EEs Welfare Ben Assoc
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0411294448
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1411746690
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN2411414203

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$102,498,588
Liabilities
$114,608,644
Net assets
-$12,110,056
Revenue
$445,344,846
Expenses
$415,176,973
Net income
$30,167,873
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2018Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$442$445$2.60
2017Detailed filing. Detailed filing data is available for this year.$13.7$115$101$323$412$88.9
2016Detailed filing. Detailed filing data is available for this year.$102$115$12.1$445$415$30.2
2015Detailed filing. Detailed filing data is available for this year.$93.4$113$19.4$410$412$1.65
2014Detailed filing. Detailed filing data is available for this year.$91.8$109$17.4$376$378$2.43
2013Detailed filing. Detailed filing data is available for this year.$86.2$107$21.1$396$395$0.58
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$80.7$113$32.0$382
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$74.7$115$40.7$355
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$68.6$109$40.4$341