Civic Intelligence

St Paul Electrical Workers Welfare Fund

990 • Fiscal year 2019 • EIN 41-1365924

Oct 01, 2018 to Sep 30, 2019 • Filed on Jul 06, 2020

1330 Conway Street No 130St Paul, MN 55106

(952) 854-0795

Siviq Scores

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

Liabilities / Assets

56th percentile

0.06x

Higher debt load relative to assets than 56% of similar nonprofits.

2019 filings • 501(c)9 • $100M-$250M nonprofits • Source year 2019

Liabilities / Revenue

63rd percentile

0.12x

Higher debt load relative to revenue than 63% of similar nonprofits.

2019 filings • 501(c)9 • $100M-$250M nonprofits • Source year 2019

Net Margin

76th percentile

17%

Higher net margin than 76% of similar nonprofits.

2019 filings • 501(c)9 • $100M-$250M nonprofits • Source year 2019

Top Officer Pay

32nd percentile

$0

Higher top officer pay than 32% of similar nonprofits.

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

2019 filings • 501(c)9 • $100M-$250M nonprofits • Source year 2019

Asset Growth

28th percentile

2.9%

Faster asset growth than 28% of similar nonprofits.

2019 filings • 501(c)9 • $100M-$250M nonprofits • Annualized from 2018 to 2019

Revenue Growth

46th percentile

3.7%

Faster revenue growth than 46% of similar nonprofits.

2019 filings • 501(c)9 • $100M-$250M nonprofits • Annualized from 2018 to 2019

Assets

Up

$101,671,686

Up $2,905,832 (+2.9%) from 2018

Net Assets

Up

$95,225,195

Up $11,589,237 (+14%) from 2018

Liabilities

Down

$6,446,491

Down $8,683,405 (-57%) from 2018

Revenue

Up

$55,248,683

Up $1,984,368 (+3.7%) from 2018

Expenses

Up

$46,035,414

Up $4,354,756 (+10%) from 2018

Net Income

Down

$9,213,269

Down $2,370,388 (-20%) from 2018

Historical Trend

Balance Sheet Trend

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

$200M$150M$100M$50M$0Assets 2010: $35,678,624Liabilities 2010: $46,206Net Assets 2010: $35,632,4182010Assets 2011: $36,630,113Liabilities 2011: $60,017Net Assets 2011: $36,570,0962011Assets 2012: $37,720,690Liabilities 2012: $124,342Net Assets 2012: $37,596,3482012Assets 2013: $41,788,292Liabilities 2013: $42,175Net Assets 2013: $41,746,1172013Assets 2014: $55,797,837Liabilities 2014: $6,962,558Net Assets 2014: $48,835,2792014Assets 2015: $58,062,602Liabilities 2015: $3,810,845Net Assets 2015: $54,251,7572015Assets 2016: $63,345,940Liabilities 2016: $4,620,598Net Assets 2016: $58,725,3422016Assets 2017: $77,744,465Liabilities 2017: $7,475,754Net Assets 2017: $70,268,7112017Assets 2018: $98,765,854Liabilities 2018: $15,129,896Net Assets 2018: $83,635,9582018Assets 2019: $101,671,686Liabilities 2019: $6,446,491Net Assets 2019: $95,225,1952019Assets 2020: $129,442,385Liabilities 2020: $20,707,603Net Assets 2020: $108,734,7822020Assets 2021: $146,847,412Liabilities 2021: $22,142,519Net Assets 2021: $124,704,8932021Assets 2022: $125,573,802Liabilities 2022: $6,662,631Net Assets 2022: $118,911,1712022Assets 2023: $134,749,360Liabilities 2023: $5,833,583Net Assets 2023: $128,915,7772023Assets 2024: $150,797,152Liabilities 2024: $1,370,962Net Assets 2024: $149,426,1902024

Highlighted filing

2019

Assets$101,671,686
Liabilities$6,446,491
Net Assets$95,225,195

Operations Trend

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

$60M$40M$20M$0Expenses 2010: $31,570,1242010Expenses 2011: $30,931,2982011Expenses 2012: $33,319,7942012Revenue 2013: $36,041,383Expenses 2013: $32,754,770Net Income 2013: $3,286,6132013Revenue 2014: $39,615,555Expenses 2014: $32,581,127Net Income 2014: $7,034,4282014Revenue 2015: $44,070,804Expenses 2015: $35,858,776Net Income 2015: $8,212,0282015Revenue 2016: $45,213,064Expenses 2016: $42,818,784Net Income 2016: $2,394,2802016Revenue 2017: $48,894,205Expenses 2017: $39,319,535Net Income 2017: $9,574,6702017Revenue 2018: $53,264,315Expenses 2018: $41,680,658Net Income 2018: $11,583,6572018Revenue 2019: $55,248,683Expenses 2019: $46,035,414Net Income 2019: $9,213,2692019Revenue 2020: $53,045,497Expenses 2020: $43,756,561Net Income 2020: $9,288,9362020Revenue 2021: $56,693,219Expenses 2021: $45,373,847Net Income 2021: $11,319,3722021Revenue 2022: $55,207,085Expenses 2022: $45,911,244Net Income 2022: $9,295,8412022Revenue 2023: $53,447,775Expenses 2023: $47,796,256Net Income 2023: $5,651,5192023Revenue 2024: $57,508,730Expenses 2024: $53,600,645Net Income 2024: $3,908,0852024

Highlighted filing

2019

Revenue$55,248,683
Expenses$46,035,414
Net Income$9,213,269
Jump To
Filing Snapshot
Filing Period
Oct 1, 2018 to Sep 30, 2019
Signed
Jul 6, 2020
Return Version
2018v3.2
Gross Receipts
$88,225,678
Mission and Program Overview

Mission

To provide medical, dental, vision, and disability benefits for eligible participants and their dependents.

Provide healthcare for members

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$83,635,958$95,225,195▲ $11,589,237
Investments in Publicly Traded Securities$63,624,843$77,727,295▲ $14,102,452
Savings and Temporary Cash Investments$16,477,514$14,523,392▼ $1,954,122
Investments Other Securities$14,837,065$5,340,312▼ $9,496,753
Accounts Receivable$3,826,432$3,818,139▼ $8,293
Prepaid Expenses and Deferred Charges$0$262,548▲ $262,548
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$98,765,854$101,671,686▲ $2,905,832
Liabilities
Other Liabilities$14,837,065$5,340,312▼ $9,496,753
Accounts Payable and Accrued Expenses$292,831$1,106,179▲ $813,348
Total Liabilities$15,129,896$6,446,491▼ $8,683,405
Net Assets / Fund Balance
Total Net Assets Fund Balance$83,635,958$95,225,195▲ $11,589,237
Total Liabilities and Net Assets / Fund Balance$98,765,854$101,671,686▲ $2,905,832

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$5,340,312--
Compensation and Service Providers

Board Members and Trustees

NameTitle
James C SchultChairman, Union Trustee
Nate SteinAlt Mgmt Trustee
Douglas SuchanekAlt Union Trustee, See Sch
Brandon P AndersonAlternate Union Trustee
J T PedersenMgmt Trustee
Peter B BourlandMgmt Trustee
Luke KuhlSecretary, Mgmt Trustee, S
Jamie M McnamaraUnion Trustee, See Schedul

Highest Paid Contractors

ContractorServicesLocationCompensation
Blue Cross Blue Shield Of MinnesotaClaims ProcessorPO BOX 64560, St Paul, MN 55164$594,134
Wilson-mcshane CorporationPlan Administrator1330 CONWAY STREET, St Paul, MN 55106$530,947
St Paul Elec Industry Admin Service CorpContract Administrator1330 CONWAY STREET, St Paul, MN 55106$273,192
Envolve Peoplecare INCConsultant20 BATTERSON PARK ROAD, Farmington, CT 06032$133,811
Delta DentalClaims Processor3560 DELTA DENTAL DR, Eagan, MN 55122$104,653
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$53,440,933
Investment Income
$1,787,371
Other Revenue
$20,379
Change in Net Assets
$9,213,269

Audited Revenue Reconciliation

Revenue per Audited Statements
$55,091,965
Revenue Not Reported on Financial Statements
$156,718
Revenue Not Reported on Form 990
$2,375,968
Total Revenue per Audited Statements
$57,467,933
Total Revenue per Form 990
$55,248,683
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$852,734
Salaries, Compensation, and Employee Benefits$217,214
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$44,965,466
Fees for Services Management---$398,700
Fees for Service Investment Mgmnt Fees---$156,718
Other Salaries and Wages---$127,012
Fees for Services Other---$74,897
Fees for Services Legal---$69,255
Payment Travel Entrtnmnt Publicly Ofcl---$62,844
Payroll Taxes---$57,140
Fees for Services Accounting---$40,970
Other Employee Benefits---$24,147
Insurance---$21,992
Other Expenses---$15,107
Office Expenses---$12,251
Pension Plan Contributions---$8,915
Total Functional Expenses$0$0$0$46,035,414

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$46,035,414
Expenses per Audited Statements$45,878,696
Total Expenses per Audited Statements$45,878,696
Expenses Not Reported on Financial Statements$156,718
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
Liability for Collateral Held for Securities on Loan$5,340,312
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
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

Wilson mcshane corporation is responsible for the financial operations of the fund. Wilson mcshane corporation prepares the general ledger, makes journal entries, manages claims and operational expenses.

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

The international brotherhood of electrical workers, local union no.110, afl-cio and st. Paul chapter of the national electrical contractors' association each appoint 50% of the board members.

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

The 990 is prepared by the organization's public accounting firm based on the information provided by management. Once a draft of the form is available, it is provided to the entire board of trustees for review and approal prior to filing with the irs. Any changes or questions are addressed before filing with the irs.

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

The trustees review the plan's conflict of interest policy annually. The trustees determine if a conflict of interst, in facts, exists. They also determine if it is material and if corrective action is required. In addition, periodic reviews of compliance with the conflict of interest policy are conducted by the board of trustees to ensure the plan operates in a manner consistent with its purpose and does not engage in activities that could jeopardize its lawful status and fiduciary obligations.

Form 990, Part VI, Section C, Line 19

The plan makes its governing documents, conflict of interest policy, and financial statements available to participants, but not to the public, upon request at the benefit plan office.

Form 990, Part VII, Section A

Trustees are not compensated by the fund. Compensation paid to trustees employed by other related organizations is reported on the form 990 filed with the internal revenue service by the related tax-exempt organizations. The following related organizations reported compensation for a trustee listed on the st. Paul electrical workers welfare fund 990: jamie mcnamara, union trustee ibew local union no. 110 ein: 41-0235240 douglas suchanek, union alternate trustee ibew local union no. 110 ein: 41-0235240 luke kuhl, management trustee, secretary st. Paul chapter, national electrical contractors association ein: 41-0730995

Filing and Contact Details

Filer

Filer Name
St Paul Electrical Workers Welfare Fund
EIN
41-1365924
Phone
9528540795
Address
1330 CONWAY STREET NO 130, ST PAUL, MN 55106

Signing Officer

Name
James Schult
Title
Chairman
Phone
9528540795
Signed
2020-07-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James Schult
Formed
1973
Legal Domicile
Mn
Voting Board Members
6
Independent Board Members
0
Employees
147
Volunteers
6

Preparer

Firm
Cliftonlarsonallen Llp
Address
220 SOUTH SIXTH STREET SUITE 300, MINNEAPOLIS, MN 55402
Preparer
Stacy Meyer
Phone
6123764500
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The veba trust funding certain benefits of the plan received an exemption letter from the internal revenue service (irs) dated february 6, 1980, stating that the trust is tax-exempt under the provisions of section 501(c)(9) of the internal revenue code (irc). However, as a result of the plan's funding policy, from time to time the trust may be subject to income taxes. No federal or state income taxes have been recorded in 2018 and 2017 for unrelated business taxable income. In addition, the plan and trust are required to operate in conformity with the irc to maintain the tax-exempt status of the trust. The plan administrator believes that the plan is being operated in compliance with the applicable requirements of the irc and, therefore, believes that the related trust is tax-exempt. 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.

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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/SecuritiesAmt033036144
IRS990/GrossReceiptsAmt088225678
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt00
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/TotalAmt021992
IRS990/InvestmentIncomeGrp/ExclusionAmt01728222
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01728222
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt014837065
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt05340312
IRS990/InvestmentsPubTradedSecGrp/BOYAmt063624843
IRS990/InvestmentsPubTradedSecGrp/EOYAmt077727295
IRS990/IRPDocumentCnt015
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IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt032976995
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IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
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IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROVIDE MEDICAL, DENTAL, VISION, AND DISABILITY BENEFITS FOR ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
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IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt059149
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt02375968
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
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IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
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IRS990/OtherExpensesGrp/Desc0PCORI
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IRS990/OtherLiabilitiesGrp/EOYAmt05340312
IRS990/OtherRevenueMiscGrp/BusinessCd0525100
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
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IRS990/OtherRevenueTotalAmt020379
IRS990/OtherSalariesAndWagesGrp/TotalAmt0127012
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt057140
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt08915
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0262548
IRS990/PrincipalOfficerNm0JAMES SCHULT
IRS990/ProfessionalFundraisingInd00
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IRS990/ProgramServiceRevenueGrp/Desc0EMPLOYER CONTRIBUTIONS
IRS990/ProgramServiceRevenueGrp/Desc1PARTICIPANT CONTRIBUTIONS
IRS990/ProgramServiceRevenueGrp/Desc2SUB H&W CONTRIBUTIONS
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt13364066
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt21810717
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt048266150
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt13364066
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt21810717
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt040572011
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01603629
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt062844
IRS990/PYOtherExpensesAmt01007637
IRS990/PYOtherRevenueAmt07652
IRS990/PYProgramServiceRevenueAmt051653034
IRS990/PYRevenuesLessExpensesAmt011583657
IRS990/PYSalariesCompEmpBnftPaidAmt0101010
IRS990/PYTotalExpensesAmt041680658
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt053264315
IRS990/ReconcilationRevenueExpnssAmt09213269
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt083635958
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt095225195
IRS990/SavingsAndTempCashInvstGrp/BOYAmt016477514
IRS990/SavingsAndTempCashInvstGrp/EOYAmt014523392
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
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IRS990ScheduleD/ExpensesSubtotalAmt045878696
IRS990ScheduleD/FootnoteTextInd0X
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IRS990ScheduleD/InvestmentExpensesNotIncldAmt0156718
IRS990ScheduleD/NetUnrealizedGainsInvstAmt02375968
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt05340312
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LIABILITY FOR COLLATERAL HELD FOR SECURITIES ON LOAN
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt05340312
IRS990ScheduleD/OtherSecuritiesGrp/Desc0COLLATERAL HELD FOR SECURITIES ON LOAN
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/RevenueNotReportedAmt02375968
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0156718
IRS990ScheduleD/RevenueSubtotalAmt055091965
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE VEBA TRUST FUNDING CERTAIN BENEFITS OF THE PLAN RECEIVED AN EXEMPTION LETTER FROM THE INTERNAL REVENUE SERVICE (IRS) DATED FEBRUARY 6, 1980, STATING THAT THE TRUST IS TAX-EXEMPT UNDER THE PROVISIONS OF SECTION 501(C)(9) OF THE INTERNAL REVENUE CODE (IRC). HOWEVER, AS A RESULT OF THE PLAN'S FUNDING POLICY, FROM TIME TO TIME THE TRUST MAY BE SUBJECT TO INCOME TAXES. NO FEDERAL OR STATE INCOME TAXES HAVE BEEN RECORDED IN 2018 AND 2017 FOR UNRELATED BUSINESS TAXABLE INCOME. IN ADDITION, THE PLAN AND TRUST ARE REQUIRED TO OPERATE IN CONFORMITY WITH THE IRC TO MAINTAIN THE TAX-EXEMPT STATUS OF THE TRUST. THE PLAN ADMINISTRATOR BELIEVES THAT THE PLAN IS BEING OPERATED IN COMPLIANCE WITH THE APPLICABLE REQUIREMENTS OF THE IRC AND, THEREFORE, BELIEVES THAT THE RELATED TRUST IS TAX-EXEMPT. 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.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueSecuritiesAmt05340312
IRS990ScheduleD/TotalExpensesPerForm990Amt046035414
IRS990ScheduleD/TotalLiabilityAmt05340312
IRS990ScheduleD/TotalRevenuePerForm990Amt055248683
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt057467933
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt045878696
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0WILSON MCSHANE CORPORATION IS RESPONSIBLE FOR THE FINANCIAL OPERATIONS OF THE FUND. WILSON MCSHANE CORPORATION PREPARES THE GENERAL LEDGER, MAKES JOURNAL ENTRIES, MANAGES CLAIMS AND OPERATIONAL EXPENSES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS, LOCAL UNION NO.110, AFL-CIO AND ST. PAUL CHAPTER OF THE NATIONAL ELECTRICAL CONTRACTORS' ASSOCIATION EACH APPOINT 50% OF THE BOARD MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE 990 IS PREPARED BY THE ORGANIZATION'S PUBLIC ACCOUNTING FIRM BASED ON THE INFORMATION PROVIDED BY MANAGEMENT. ONCE A DRAFT OF THE FORM IS AVAILABLE, IT IS PROVIDED TO THE ENTIRE BOARD OF TRUSTEES FOR REVIEW AND APPROAL PRIOR TO FILING WITH THE IRS. ANY CHANGES OR QUESTIONS ARE ADDRESSED BEFORE FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE TRUSTEES REVIEW THE PLAN'S CONFLICT OF INTEREST POLICY ANNUALLY. THE TRUSTEES DETERMINE IF A CONFLICT OF INTERST, IN FACTS, EXISTS. THEY ALSO DETERMINE IF IT IS MATERIAL AND IF CORRECTIVE ACTION IS REQUIRED. IN ADDITION, PERIODIC REVIEWS OF COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY ARE CONDUCTED BY THE BOARD OF TRUSTEES TO ENSURE THE PLAN OPERATES IN A MANNER CONSISTENT WITH ITS PURPOSE AND DOES NOT ENGAGE IN ACTIVITIES THAT COULD JEOPARDIZE ITS LAWFUL STATUS AND FIDUCIARY OBLIGATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE PLAN MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO PARTICIPANTS, BUT NOT TO THE PUBLIC, UPON REQUEST AT THE BENEFIT PLAN OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5TRUSTEES ARE NOT COMPENSATED BY THE FUND. COMPENSATION PAID TO TRUSTEES EMPLOYED BY OTHER RELATED ORGANIZATIONS IS REPORTED ON THE FORM 990 FILED WITH THE INTERNAL REVENUE SERVICE BY THE RELATED TAX-EXEMPT ORGANIZATIONS. THE FOLLOWING RELATED ORGANIZATIONS REPORTED COMPENSATION FOR A TRUSTEE LISTED ON THE ST. PAUL ELECTRICAL WORKERS WELFARE FUND 990: JAMIE MCNAMARA, UNION TRUSTEE IBEW LOCAL UNION NO. 110 EIN: 41-0235240 DOUGLAS SUCHANEK, UNION ALTERNATE TRUSTEE IBEW LOCAL UNION NO. 110 EIN: 41-0235240 LUKE KUHL, MANAGEMENT TRUSTEE, SECRETARY ST. PAUL CHAPTER, NATIONAL ELECTRICAL CONTRACTORS ASSOCIATION EIN: 41-0730995
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VII, SECTION A
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd20
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd70
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd80
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd90
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd100
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd110
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd120
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd130
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd140
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd150
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd160
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd210
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd220
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd230
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd240
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd250
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd270
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd280
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd290
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd300
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd310
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd320
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd330
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd340
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd350
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd360
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd370
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd380
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd390
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd400
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd410
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd420
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd430
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd440
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd450
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd460
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd470
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd480
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd490
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd500
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd510
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd520
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd530
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd540
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd550
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd560
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd570
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd580
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd590
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd600
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd610
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd620
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd630
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd640
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd660
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd670
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd680
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd690

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$151$1.37$149$57.5$53.6$3.91
2023Detailed filing. Detailed filing data is available for this year.$135$5.83$129$53.4$47.8$5.65
2022Detailed filing. Detailed filing data is available for this year.$126$6.66$119$55.2$45.9$9.30
2021Detailed filing. Detailed filing data is available for this year.$147$22.1$125$56.7$45.4$11.3
2020Detailed filing. Detailed filing data is available for this year.$129$20.7$109$53.0$43.8$9.29
2019Detailed filing. Detailed filing data is available for this year.$102$6.45$95.2$55.2$46.0$9.21
2018Detailed filing. Detailed filing data is available for this year.$98.8$15.1$83.6$53.3$41.7$11.6
2017Detailed filing. Detailed filing data is available for this year.$77.7$7.48$70.3$48.9$39.3$9.57
2016Detailed filing. Detailed filing data is available for this year.$63.3$4.62$58.7$45.2$42.8$2.39
2015Detailed filing. Detailed filing data is available for this year.$58.1$3.81$54.3$44.1$35.9$8.21
2014Detailed filing. Detailed filing data is available for this year.$55.8$6.96$48.8$39.6$32.6$7.03
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$41.8$0.04$41.7$36.0$32.8$3.29
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$37.7$0.12$37.6$33.3
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$36.6$0.06$36.6$30.9
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$35.7$0.05$35.6$31.6