Civic Intelligence

Minnesota Fair Plan

990 • Fiscal year 2021 • EIN 41-0950742

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 15, 2022

7900 International Drive 625Bloomington, MN 55425

(612) 338-7584

Siviq Scores

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

Liabilities / Assets

92nd percentile

0.62x

Higher debt load relative to assets than 92% of similar nonprofits.

2021 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

85th percentile

0.63x

Higher debt load relative to revenue than 85% of similar nonprofits.

2021 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2021

Net Margin

14th percentile

-5.4%

Higher net margin than 14% of similar nonprofits.

2021 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

62nd percentile

$171,035

Higher top officer pay than 62% of similar nonprofits.

Top officer pay equals 5.7% of source-year revenue.

2021 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2021

Asset Growth

8th percentile

-8.4%

Faster asset growth than 8% of similar nonprofits.

2021 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

22nd percentile

-6.6%

Faster revenue growth than 22% of similar nonprofits.

2021 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Down

$3,079,043

Down $281,138 (-8.4%) from 2020

Net Assets

Down

$1,168,527

Down $193,907 (-14%) from 2020

Liabilities

Down

$1,910,516

Down $87,231 (-4.4%) from 2020

Revenue

Down

$3,023,700

Down $215,099 (-6.6%) from 2020

Expenses

Down

$3,185,896

Down $76,667 (-2.3%) from 2020

Net Income

Down

-$162,196

Down $138,432 (-583%) from 2020

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0-$5.0MAssets 2010: $10,070,494Liabilities 2010: $3,301,397Net Assets 2010: $6,769,0972010Assets 2011: $8,320,912Liabilities 2011: $2,852,903Net Assets 2011: $5,468,0092011Assets 2012: $7,788,696Liabilities 2012: $2,594,041Net Assets 2012: $5,194,6552012Assets 2013: $6,947,494Liabilities 2013: $2,741,979Net Assets 2013: $4,205,5152013Assets 2014: $6,375,473Liabilities 2014: $2,667,994Net Assets 2014: $3,707,4792014Assets 2015: $5,680,875Liabilities 2015: $2,702,336Net Assets 2015: $2,978,5392015Assets 2016: $5,125,567Liabilities 2016: $2,969,572Net Assets 2016: $2,155,9952016Assets 2017: $4,395,522Liabilities 2017: $2,129,980Net Assets 2017: $2,265,5422017Assets 2018: $3,676,199Liabilities 2018: $2,116,003Net Assets 2018: $1,560,1962018Assets 2019: $3,310,155Liabilities 2019: $1,995,384Net Assets 2019: $1,314,7712019Assets 2020: $3,360,181Liabilities 2020: $1,997,747Net Assets 2020: $1,362,4342020Assets 2021: $3,079,043Liabilities 2021: $1,910,516Net Assets 2021: $1,168,5272021Assets 2022: $2,205,893Liabilities 2022: $1,606,984Net Assets 2022: $598,9092022Assets 2023: $1,833,374Liabilities 2023: $2,150,408Net Assets 2023: -$317,0342023Assets 2024: $3,208,455Liabilities 2024: $2,398,028Net Assets 2024: $810,4272024

Highlighted filing

2021

Assets$3,079,043
Liabilities$1,910,516
Net Assets$1,168,527

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $5,780,2262010Expenses 2011: $6,378,2522011Expenses 2012: $4,873,1622012Revenue 2013: $4,273,324Expenses 2013: $5,370,064Net Income 2013: -$1,096,7402013Revenue 2014: $4,242,121Expenses 2014: $4,645,331Net Income 2014: -$403,2102014Revenue 2015: $4,259,995Expenses 2015: $5,079,316Net Income 2015: -$819,3212015Revenue 2016: $4,263,687Expenses 2016: $5,212,344Net Income 2016: -$948,6572016Revenue 2017: $4,088,655Expenses 2017: $3,880,802Net Income 2017: $207,8532017Revenue 2018: $3,764,378Expenses 2018: $4,386,137Net Income 2018: -$621,7592018Revenue 2019: $3,451,551Expenses 2019: $3,758,910Net Income 2019: -$307,3592019Revenue 2020: $3,238,799Expenses 2020: $3,262,563Net Income 2020: -$23,7642020Revenue 2021: $3,023,700Expenses 2021: $3,185,896Net Income 2021: -$162,1962021Revenue 2022: $2,996,039Expenses 2022: $3,501,113Net Income 2022: -$505,0742022Revenue 2023: $3,284,697Expenses 2023: $4,136,981Net Income 2023: -$852,2842023Revenue 2024: $4,108,120Expenses 2024: $2,957,433Net Income 2024: $1,150,6872024

Highlighted filing

2021

Revenue$3,023,700
Expenses$3,185,896
Net Income-$162,196
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 15, 2022
Return Version
2021v4.2
Gross Receipts
$3,023,700
Mission and Program Overview

Mission

To provide owner and tenants of individual resideneces, small business owners, farmers and co-op residents an opportunity to purchase limited property or homeowners insurance when they are unable to do so in the voluntary market.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$3,359,646$3,078,508▼ $281,138
Rtn Earn Endowment Incm Other Fnds$1,362,434$1,168,527▼ $193,907
Cash and Non-Interest-Bearing Accounts$535$535→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$3,360,181$3,079,043▼ $281,138
Liabilities
Deferred Revenue$1,226,620$1,201,493▼ $25,127
Other Liabilities$699,752$644,020▼ $55,732
Accounts Payable and Accrued Expenses$71,375$65,003▼ $6,372
Total Liabilities$1,997,747$1,910,516▼ $87,231
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,362,434$1,168,527▼ $193,907
Total Liabilities and Net Assets / Fund Balance$3,360,181$3,079,043▼ $281,138
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Gary RuppExecutive DirectorFT$160,858$10,177$171,035
Elaine LoveDirector-$1,200-$1,200
Sheri Melander-smithDirector-$1,200-$1,200
Michael J MchughSecretary-$1,000-$1,000
Robert MeeksTreasurer-$1,000-$1,000

Board Members and Trustees

NameTitle
Roger R OomsChair
Vicky RizzoloVice Chair
Chris MeridithDirector
Michael FlugumDirector
Scott BauerDirector

Highest Paid Contractors

ContractorServicesLocationCompensation
Marias TechnologyInformation Tech Implentation And Testin25 E WRIGHT ST, Covington, OH 45318$160,031
IntegrisComputer System & Support1524 EAST 37TH STREET, Hibbing, MN 55746$104,269
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,999,870
Investment Income
$17,419
Other Revenue
$6,411
Change in Net Assets
$-162,196

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,023,700
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$3,023,700
Total Revenue per Form 990
$3,023,700
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,401,185
Salaries, Compensation, and Employee Benefits$784,711
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Information Technology---$410,079
Other Salaries and Wages---$375,437
Current Officers, Directors, Trustees, and Key Employees---$175,435
Office Expenses---$107,089
Other Employee Benefits---$101,599
All Other Expenses---$94,674
Pension Plan Contributions---$91,027
Occupancy---$73,368
Other Expenses---$58,706
Payroll Taxes---$41,213
Fees for Services Accounting---$32,250
Insurance---$23,179
Fees for Services Legal---$18,664
Fees for Services Other---$17,095
Travel---$4,385
Interest---$22
Total Functional Expenses$0$0$0$3,185,896

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,185,896
Total Expenses per Audited Statements$3,185,896
Total Expenses per Form 990$3,185,896
Expenses Not Reported on Financial Statements$0
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Unpaid Loss & Loss Adj Expense$644,020
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

All insurers doing business in minnesota are members of the fair plan.

Form 990, Part VI, Section A, Line 7A

All insurers doing business in minnesota are members of the fair plan. Member companies elect five of the nine board members.

Form 990, Part VI, Section A, Line 7B

Changes to the plan of operation must be approved by the commissioner of commerce. Rate changes must also be pre-approved by the commissioner of commerce.

Form 990, Part VI, Section B, Line 11B

A copy of the completed 990 will be provided to each board member via email. A brief period of time for review will be allowed, and comments if any, will be solicited and acted upon if appropriate.

Form 990, Part VI, Section B, Line 12C

Board members are required to sign a conflict of interest statement each year to be submitted at the annual meeting of the board. Conflict of interest statements are kept on file.

Form 990, Part VI, Section B, Line 15

Salary and performance are reviewed on an annual basis. Performance reviews for the executive director are done using a survey of each board member. Every year a compensation survey is provided by our national association that informs us of the expected average merit increase for the insurance industry for the coming year. Every other year a salary review is obtained from an hr firm for the executive director's job description for the purpose of management of their salary range. The board then determines merit increases for the executive director using this information and the result of the performance review.

Form 990, Part VI, Section C, Line 19

All documents are viewable by the public at our website.

Filing and Contact Details

Filer

Filer Name
Minnesota Fair Plan
EIN
41-0950742
Phone
6123387584
Address
7900 INTERNATIONAL DRIVE 625, BLOOMINGTON, MN 55425

Signing Officer

Name
Gary Rupp
Title
Executive Director
Phone
6123387584
Signed
2022-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gary Rupp
Formed
1969
Legal Domicile
Mn
Voting Board Members
8
Independent Board Members
8
Employees
7
Volunteers
0

Preparer

Firm
Olsen Thielen & Co Ltd
Address
2675 LONG LAKE ROAD, ST PAUL, MN 55113
Preparer
Ryan Vettrus CPA
Phone
6514834521
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Change in nonadmitted assets, per statutory basis financial statements -31,711.

FORM 990, PART XII, LINE 2B:

Minnesota fair plan's financial statements are prepared in conformity with accounting practices prescribed by the department of commerce of the state of minnesota, which is a comprehensive basis of accounting other than accounting principles generally accepted in the united states of america.

FORM 990, PART XII, LINE 2C:

There were no changes to the audit oversight process.

Raw XML Appendix400 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/OtherExpensesGrp/Desc1COMMISSIONS
IRS990/OtherExpensesGrp/Desc2SURVEYS
IRS990/OtherExpensesGrp/Desc3PREMIUM TAXES
IRS990/OtherExpensesGrp/TotalAmt01292883
IRS990/OtherExpensesGrp/TotalAmt1191071
IRS990/OtherExpensesGrp/TotalAmt277720
IRS990/OtherExpensesGrp/TotalAmt358706
IRS990/OtherLiabilitiesGrp/BOYAmt0699752
IRS990/OtherLiabilitiesGrp/EOYAmt0644020
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt06411
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt06411
IRS990/OtherRevenueTotalAmt06411
IRS990/OtherSalariesAndWagesGrp/TotalAmt0375437
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt041213
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt091027
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0GARY RUPP
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0524298
IRS990/ProgramServiceRevenueGrp/Desc0PREMIUMS EARNED
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02999870
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02999870
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt023663
IRS990/PYOtherExpensesAmt02453537
IRS990/PYOtherRevenueAmt0249
IRS990/PYProgramServiceRevenueAmt03214887
IRS990/PYRevenuesLessExpensesAmt0-23764
IRS990/PYSalariesCompEmpBnftPaidAmt0809026
IRS990/PYTotalExpensesAmt03262563
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03238799
IRS990/ReconcilationRevenueExpnssAmt0-162196
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt01362434
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt01168527
IRS990/SavingsAndTempCashInvstGrp/BOYAmt03359646
IRS990/SavingsAndTempCashInvstGrp/EOYAmt03078508
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt03185896
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0644020
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0UNPAID LOSS & LOSS ADJ EXPENSE
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt03023700
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt03185896
IRS990ScheduleD/TotalLiabilityAmt0644020
IRS990ScheduleD/TotalRevenuePerForm990Amt03023700
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03023700
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03185896
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0160858
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt07297
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt02880
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0GARY RUPP
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0171035
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ALL INSURERS DOING BUSINESS IN MINNESOTA ARE MEMBERS OF THE FAIR PLAN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL INSURERS DOING BUSINESS IN MINNESOTA ARE MEMBERS OF THE FAIR PLAN. MEMBER COMPANIES ELECT FIVE OF THE NINE BOARD MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CHANGES TO THE PLAN OF OPERATION MUST BE APPROVED BY THE COMMISSIONER OF COMMERCE. RATE CHANGES MUST ALSO BE PRE-APPROVED BY THE COMMISSIONER OF COMMERCE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A COPY OF THE COMPLETED 990 WILL BE PROVIDED TO EACH BOARD MEMBER VIA EMAIL. A BRIEF PERIOD OF TIME FOR REVIEW WILL BE ALLOWED, AND COMMENTS IF ANY, WILL BE SOLICITED AND ACTED UPON IF APPROPRIATE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4BOARD MEMBERS ARE REQUIRED TO SIGN A CONFLICT OF INTEREST STATEMENT EACH YEAR TO BE SUBMITTED AT THE ANNUAL MEETING OF THE BOARD. CONFLICT OF INTEREST STATEMENTS ARE KEPT ON FILE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5SALARY AND PERFORMANCE ARE REVIEWED ON AN ANNUAL BASIS. PERFORMANCE REVIEWS FOR THE EXECUTIVE DIRECTOR ARE DONE USING A SURVEY OF EACH BOARD MEMBER. EVERY YEAR A COMPENSATION SURVEY IS PROVIDED BY OUR NATIONAL ASSOCIATION THAT INFORMS US OF THE EXPECTED AVERAGE MERIT INCREASE FOR THE INSURANCE INDUSTRY FOR THE COMING YEAR. EVERY OTHER YEAR A SALARY REVIEW IS OBTAINED FROM AN HR FIRM FOR THE EXECUTIVE DIRECTOR'S JOB DESCRIPTION FOR THE PURPOSE OF MANAGEMENT OF THEIR SALARY RANGE. THE BOARD THEN DETERMINES MERIT INCREASES FOR THE EXECUTIVE DIRECTOR USING THIS INFORMATION AND THE RESULT OF THE PERFORMANCE REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ALL DOCUMENTS ARE VIEWABLE BY THE PUBLIC AT OUR WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7CHANGE IN NONADMITTED ASSETS, PER STATUTORY BASIS FINANCIAL STATEMENTS -31,711.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8MINNESOTA FAIR PLAN'S FINANCIAL STATEMENTS ARE PREPARED IN CONFORMITY WITH ACCOUNTING PRACTICES PRESCRIBED BY THE DEPARTMENT OF COMMERCE OF THE STATE OF MINNESOTA, WHICH IS A COMPREHENSIVE BASIS OF ACCOUNTING OTHER THAN ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9THERE WERE NO CHANGES TO THE AUDIT OVERSIGHT PROCESS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART XII, LINE 2B:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt03360181
IRS990/TotalAssetsEOYAmt03079043
IRS990/TotalAssetsGrp/BOYAmt03360181
IRS990/TotalAssetsGrp/EOYAmt03079043
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt07
IRS990/TotalFunctionalExpensesGrp/TotalAmt03185896
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01997747
IRS990/TotalLiabilitiesEOYAmt01910516
IRS990/TotalLiabilitiesGrp/BOYAmt01997747
IRS990/TotalLiabilitiesGrp/EOYAmt01910516
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01362434
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01168527
IRS990/TotalOtherCompensationAmt010177
IRS990/TotalProgramServiceRevenueAmt02999870
IRS990/TotalReportableCompFromOrgAmt0165258
IRS990/TotalRevenueGrp/ExclusionAmt017419
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt03006281
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03023700
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03360181
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03079043
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt04385
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt07900 INTERNATIONAL DRIVE 625
IRS990/USAddress/CityNm0BLOOMINGTON
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd055425
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0WWW.MNFAIRPLAN.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0GARY RUPP
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum06123387584
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MINNESOTA FAIR PLAN
ReturnHeader/Filer/BusinessNameControlTxt0MINN
ReturnHeader/Filer/EIN0410950742
ReturnHeader/Filer/PhoneNum06123387584
ReturnHeader/Filer/USAddress/AddressLine1Txt07900 INTERNATIONAL DRIVE 625
ReturnHeader/Filer/USAddress/CityNm0BLOOMINGTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055425
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0411360831
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0OLSEN THIELEN & CO LTD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02675 LONG LAKE ROAD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ST PAUL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd055113
ReturnHeader/PreparerPersonGrp/PhoneNum06514834521
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RYAN VETTRUS CPA
ReturnHeader/ReturnTs02022-11-15T15:30:27-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0GARY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0RUPP
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.21$2.40$0.81$4.11$2.96$1.15
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.83$2.15$0.32$3.28$4.14$0.85
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.21$1.61$0.60$3.00$3.50$0.51
2021Detailed filing. Detailed filing data is available for this year.$3.08$1.91$1.17$3.02$3.19$0.16
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.36$2.00$1.36$3.24$3.26$0.02
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.31$2.00$1.31$3.45$3.76$0.31
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.68$2.12$1.56$3.76$4.39$0.62
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.40$2.13$2.27$4.09$3.88$0.21
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.13$2.97$2.16$4.26$5.21$0.95
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.68$2.70$2.98$4.26$5.08$0.82
2014Detailed filing. Detailed filing data is available for this year.$6.38$2.67$3.71$4.24$4.65$0.40
2013Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$6.95$2.74$4.21$4.27$5.37$1.10
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.79$2.59$5.19$4.87
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.32$2.85$5.47$6.38
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.1$3.30$6.77$5.78
Peer Organizations

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