Civic Intelligence

Twin Cities Bakery Workers Health and Welfare Fund

990 • Fiscal year 2014 • EIN 41-1400411

Oct 01, 2013 to Sep 30, 2014 • Filed on Aug 11, 2015

2919 Eagandale BlvdEagan, MN 55121

(651) 686-0108

Siviq Scores

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

Liabilities / Assets

78th percentile

0.27x

Higher debt load relative to assets than 78% of similar nonprofits.

2014 filings • 501(c)9 • $10M-$25M nonprofits • Source year 2014

Liabilities / Revenue

59th percentile

0.08x

Higher debt load relative to revenue than 59% of similar nonprofits.

2014 filings • 501(c)9 • $10M-$25M nonprofits • Source year 2014

Net Margin

70th percentile

12%

Higher net margin than 70% of similar nonprofits.

2014 filings • 501(c)9 • $10M-$25M nonprofits • Source year 2014

Top Officer Pay

48th percentile

$1

Higher top officer pay than 48% of similar nonprofits.

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

2014 filings • 501(c)9 • $10M-$25M nonprofits • Source year 2014

Asset Growth

66th percentile

9.4%

Faster asset growth than 66% of similar nonprofits.

2014 filings • 501(c)9 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Revenue Growth

21st percentile

-6.0%

Faster revenue growth than 21% of similar nonprofits.

2014 filings • 501(c)9 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Assets

Up

$3,100,433

Up $265,980 (+9.4%) from 2013

Net Assets

Up

$2,271,253

Up $1,318,814 (+138%) from 2013

Liabilities

Down

$829,180

Down $1,052,834 (-56%) from 2013

Revenue

Down

$10,700,037

Down $688,699 (-6.0%) from 2013

Expenses

Down

$9,381,223

Down $3,208,340 (-25%) from 2013

Net Income

Up

$1,318,814

Up $2,519,641 (+210%) from 2013

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $6,024,865Liabilities 2010: $1,968,920Net Assets 2010: $4,055,9452010Assets 2011: $5,064,697Liabilities 2011: $2,008,470Net Assets 2011: $3,056,2272011Assets 2012: $4,175,059Liabilities 2012: $2,021,793Net Assets 2012: $2,153,2662012Assets 2013: $2,834,453Liabilities 2013: $1,882,014Net Assets 2013: $952,4392013Assets 2014: $3,100,433Liabilities 2014: $829,180Net Assets 2014: $2,271,2532014Assets 2015: $2,689,784Liabilities 2015: $123,398Net Assets 2015: $2,566,3862015Assets 2016: $3,298,698Liabilities 2016: $112,670Net Assets 2016: $3,186,0282016Assets 2017: $4,393,772Liabilities 2017: $200,115Net Assets 2017: $4,193,6572017Assets 2018: $4,184,917Liabilities 2018: $215,730Net Assets 2018: $3,969,1872018Assets 2019: $3,816,439Liabilities 2019: $221,024Net Assets 2019: $3,595,4152019Assets 2020: $3,621,142Liabilities 2020: $197,557Net Assets 2020: $3,423,5852020Assets 2021: $3,154,286Liabilities 2021: $216,293Net Assets 2021: $2,937,9932021Assets 2022: $3,676,099Liabilities 2022: $220,934Net Assets 2022: $3,455,1652022Assets 2023: $3,983,798Liabilities 2023: $269,812Net Assets 2023: $3,713,9862023Assets 2024: $4,117,792Liabilities 2024: $285,369Net Assets 2024: $3,832,4232024

Highlighted filing

2014

Assets$3,100,433
Liabilities$829,180
Net Assets$2,271,253

Operations Trend

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

$15M$10M$5.0M$0-$5.0MExpenses 2010: $9,122,5122010Expenses 2011: $11,849,9372011Expenses 2012: $12,421,0352012Revenue 2013: $11,388,736Expenses 2013: $12,589,563Net Income 2013: -$1,200,8272013Revenue 2014: $10,700,037Expenses 2014: $9,381,223Net Income 2014: $1,318,8142014Revenue 2015: $9,898,480Expenses 2015: $9,603,347Net Income 2015: $295,1332015Revenue 2016: $9,553,277Expenses 2016: $8,933,635Net Income 2016: $619,6422016Revenue 2017: $9,572,668Expenses 2017: $8,565,039Net Income 2017: $1,007,6292017Revenue 2018: $9,942,370Expenses 2018: $10,166,840Net Income 2018: -$224,4702018Revenue 2019: $10,625,662Expenses 2019: $10,999,434Net Income 2019: -$373,7722019Revenue 2020: $11,205,051Expenses 2020: $11,376,881Net Income 2020: -$171,8302020Revenue 2021: $12,238,958Expenses 2021: $12,724,550Net Income 2021: -$485,5922021Revenue 2022: $12,024,576Expenses 2022: $11,507,404Net Income 2022: $517,1722022Revenue 2023: $12,066,150Expenses 2023: $11,807,329Net Income 2023: $258,8212023Revenue 2024: $12,944,843Expenses 2024: $12,826,406Net Income 2024: $118,4372024

Highlighted filing

2014

Revenue$10,700,037
Expenses$9,381,223
Net Income$1,318,814
Jump To
Filing Snapshot
Filing Period
Oct 1, 2013 to Sep 30, 2014
Signed
Aug 11, 2015
Return Version
2013v4.0
Gross Receipts
$10,700,037
Mission and Program Overview

Mission

Establishment of a health and welfare fund under which employers of union members contribute specified amounts to the fund on behalf of eligible employees. The fund provides hospital, medical, weekly disability, dental, death, and pharmaceutical benefits to participants

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$952,439$2,271,253▲ $1,318,814
Savings and Temporary Cash Investments$1,971,121$2,163,033▲ $191,912
Accounts Receivable$839,185$925,866▲ $86,681
Prepaid Expenses and Deferred Charges$24,147$11,534▼ $12,613
Total Assets$2,834,453$3,100,433▲ $265,980
Liabilities
Other Liabilities$1,874,735$773,853▼ $1,100,882
Accounts Payable and Accrued Expenses$7,279$55,327▲ $48,048
Total Liabilities$1,882,014$829,180▼ $1,052,834
Net Assets / Fund Balance
Total Net Assets Fund Balance$952,439$2,271,253▲ $1,318,814
Total Liabilities and Net Assets / Fund Balance$2,834,453$3,100,433▲ $265,980
Compensation and Service Providers

Employees

NameTitleOtherTotal
Bruce PeglowTrustee$1$1
Jerry OckenfelsTrustee$1$1
Ron MohrlandTrustee$1$1

Board Members and Trustees

NameTitle
Patricia Alton BakerChairperson
Curt JensonAlternate Trustee
Trace BensonTrustee
Wendy WeilTrustee

Highest Paid Contractors

ContractorServicesLocationCompensation
Formula CorporationAdminclaims proc-$209,274
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$10,692,056
Investment Income
$7,981
Other Revenue
$0
Change in Net Assets
$1,318,814

Audited Revenue Reconciliation

Revenue per Audited Statements
$10,700,037
Total Revenue per Audited Statements
$10,700,037
Total Revenue per Form 990
$10,700,037
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$427,287
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$8,953,936--$8,953,936
Fees for Services Legal$66,613--$66,613
Fees for Services Accounting$24,968--$24,968
Office Expenses$22,640--$22,640
Information Technology$21,462--$21,462
Other Expenses$20,000--$20,000
Insurance$12,662--$12,662
Conferences and Meetings$5,269--$5,269
Total Functional Expenses$9,381,223$0$0$9,381,223

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$10,482,105
Expenses per Audited Statements$9,381,223
Total Expenses per Form 990$9,381,223
Expenses Not Reported on Form 990$1,100,882
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Benefit Obligations$773,853
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 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
No

Governance Explanations

Form 990 governing body review Part VI line 11

Form 990 is either reviewed by trustees at a quarterly board meeting or a copy is emailed to all trustees prior to filing

Conflict of interest policy compliance Part VI line 12C

The conflict of interest policy requires that the trustees discuss with other trustees and Fund counsel situations which present the potential for affecting the ability to make unbiased and objective decisions. If it is determined that a conflict does exist, trustee refrains from participating in the decision.

Governing documents etc available to public Part VI line 19

No documents available to the public.

Estimate of average hours per week devoted to related organizations Part VII Col B

Part vii, columns b, e & f data for applicable trustees (identified with a nominal $1 compensation in col. E, not intended to be the actual related organization's reportable compensation) for related organization's reportable hours (col. B), related organization's reportable compensation actually received (col e.) and related organization's reportable other compensation actually received (col. F) from related organizations are reported on publicly filed reports and forms filed by the applicable related organization,identified as follows: bakery confectionary tobacco workers & grain millers local 22 form lm-2 file no. 070-251

Filing and Contact Details

Filer

EIN
41-1400411

Signing Officer

Name
Patricia Alton Baker
Title
Chairperson
Phone
6516860108
Signed
2015-08-11
Discuss with paid preparer
Yes

Organization Details

Formed
1981
Legal Domicile
Mn
Voting Board Members
6
Independent Board Members
6
Employees
0

Preparer

Preparer
Cindy K Hayes CPA
Phone
7634783169
Supplemental Narrative

Financial Statement Notes

Other expenses not included on Form 990 (Part XII, line 2D)

Net decrease in reported benefit obligations

Raw XML Appendix368 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Form 990 is either reviewed by trustees at a quarterly board meeting or a copy is emailed to all trustees prior to filing
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The conflict of interest policy requires that the trustees discuss with other trustees and Fund counsel situations which present the potential for affecting the ability to make unbiased and objective decisions. If it is determined that a conflict does exist, trustee refrains from participating in the decision.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PART VII, COLUMNS B, E & F DATA FOR APPLICABLE TRUSTEES (IDENTIFIED WITH A NOMINAL $1 COMPENSATION IN COL. E, NOT INTENDED TO BE THE ACTUAL RELATED ORGANIZATION'S REPORTABLE COMPENSATION) FOR RELATED ORGANIZATION'S REPORTABLE HOURS (COL. B), RELATED ORGANIZATION'S REPORTABLE COMPENSATION ACTUALLY RECEIVED (COL E.) AND RELATED ORGANIZATION'S REPORTABLE OTHER COMPENSATION ACTUALLY RECEIVED (COL. F) FROM RELATED ORGANIZATIONS ARE REPORTED ON PUBLICLY FILED REPORTS AND FORMS FILED BY THE APPLICABLE RELATED ORGANIZATION,IDENTIFIED AS FOLLOWS: BAKERY CONFECTIONARY TOBACCO WORKERS & GRAIN MILLERS LOCAL 22 FORM LM-2 FILE NO. 070-251
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Estimate of average hours per week devoted to related organizations Part VII Col B
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine10Lund Food Holdings Inc
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine11Almsted Enterprises Inc
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine12Supervalu Inc
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine13Jerrys Enterprises Inc
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine14Williston Corporation
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine15Haug Enterprises Inc
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine16Driskills Inc
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine17Driskills Duluth Inc
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine18Pan-O-Gold Baking Co
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine19Old Dutch Foods Inc
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine110Happys Potato Chip Co
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingNACd0N/A
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IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/GeneralOrManagingPartnerInd0false
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine10Baldinger Bakery LP
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine10BCTGM Local 22
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IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
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IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02834453
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IRS990/TotalAssetsGrp/EOYAmt03100433
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IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt09381223
IRS990/TotalFunctionalExpensesGrp/TotalAmt09381223
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01882014
IRS990/TotalLiabilitiesEOYAmt0829180
IRS990/TotalLiabilitiesGrp/BOYAmt01882014
IRS990/TotalLiabilitiesGrp/EOYAmt0829180
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0952439
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02271253
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt09381223
IRS990/TotalProgramServiceRevenueAmt010692056
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt010700037
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt010700037
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02834453
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03100433
IRS990/TotReportableCompRltdOrgAmt03
IRS990/TransactionWithControlEntInd0false
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02016-04-25 22:37:26Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0PATRICIA ALTON BAKER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRPERSON
ReturnHeader/BusinessOfficerGrp/PhoneNum06516860108
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-08-11
ReturnHeader/Filer/BusinessName/BusinessNameLine10TWIN CITIES BAKERY WORKERS H & W FD
ReturnHeader/Filer/BusinessNameControlTxt0TWIN
ReturnHeader/Filer/EIN0411400411
ReturnHeader/Filer/USAddress/AddressLine102919 EAGANDALE BLVD
ReturnHeader/Filer/USAddress/City0Saint Paul
ReturnHeader/Filer/USAddress/State0MN
ReturnHeader/Filer/USAddress/ZIPCode055121
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0411619880
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10Betts & Hayes Ltd
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine10801 Meander Court
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0Medina
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode055340
ReturnHeader/PreparerPersonGrp/PhoneNum07634783169
ReturnHeader/PreparerPersonGrp/PreparationDt02015-08-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Cindy K Hayes CPA
ReturnHeader/ReturnTs02015-08-11T16:06:10-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-10-01
ReturnHeader/TaxPeriodEndDt02014-09-30
ReturnHeader/TaxYr02013

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.$4.12$0.29$3.83$12.9$12.8$0.12
2023Detailed filing. Detailed filing data is available for this year.$3.98$0.27$3.71$12.1$11.8$0.26
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.68$0.22$3.46$12.0$11.5$0.52
2021Detailed filing. Detailed filing data is available for this year.$3.15$0.22$2.94$12.2$12.7$0.49
2020Detailed filing. Detailed filing data is available for this year.$3.62$0.20$3.42$11.2$11.4$0.17
2019Detailed filing. Detailed filing data is available for this year.$3.82$0.22$3.60$10.6$11.0$0.37
2018Detailed filing. Detailed filing data is available for this year.$4.18$0.22$3.97$9.94$10.2$0.22
2017Detailed filing. Detailed filing data is available for this year.$4.39$0.20$4.19$9.57$8.57$1.01
2016Detailed filing. Detailed filing data is available for this year.$3.30$0.11$3.19$9.55$8.93$0.62
2015Detailed filing. Detailed filing data is available for this year.$2.69$0.12$2.57$9.90$9.60$0.30
2014Detailed filing. Detailed filing data is available for this year.$3.10$0.83$2.27$10.7$9.38$1.32
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.83$1.88$0.95$11.4$12.6$1.20
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.18$2.02$2.15$12.4
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.06$2.01$3.06$11.8
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.02$1.97$4.06$9.12