Civic Intelligence

Twin Cities Bakery Workers Health and Welfare Fund

990 • Fiscal year 2019 • EIN 41-1400411

Oct 01, 2018 to Sep 30, 2019 • Filed on Jul 31, 2020

2919 Eagandale BlvdSaint Paul, MN 55121

(651) 686-0108

Siviq Scores

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

Liabilities / Assets

59th percentile

0.06x

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

2019 filings • 501(c)9 • $10M-$25M nonprofits • Source year 2019

Liabilities / Revenue

45th percentile

0.02x

Higher debt load relative to revenue than 45% of similar nonprofits.

2019 filings • 501(c)9 • $10M-$25M nonprofits • Source year 2019

Net Margin

21st percentile

-3.5%

Higher net margin than 21% of similar nonprofits.

2019 filings • 501(c)9 • $10M-$25M nonprofits • Source year 2019

Top Officer Pay

50th percentile

$1

Higher top officer pay than 50% of similar nonprofits.

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

2019 filings • 501(c)9 • $10M-$25M nonprofits • Source year 2019

Asset Growth

14th percentile

-8.8%

Faster asset growth than 14% of similar nonprofits.

2019 filings • 501(c)9 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Revenue Growth

59th percentile

6.9%

Faster revenue growth than 59% of similar nonprofits.

2019 filings • 501(c)9 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Assets

Down

$3,816,439

Down $368,478 (-8.8%) from 2018

Net Assets

Down

$3,595,415

Down $373,772 (-9.4%) from 2018

Liabilities

Up

$221,024

Up $5,294 (+2.5%) from 2018

Revenue

Up

$10,625,662

Up $683,292 (+6.9%) from 2018

Expenses

Up

$10,999,434

Up $832,594 (+8.2%) from 2018

Net Income

Down

-$373,772

Down $149,302 (-67%) from 2018

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

2019

Assets$3,816,439
Liabilities$221,024
Net Assets$3,595,415

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

2019

Revenue$10,625,662
Expenses$10,999,434
Net Income-$373,772
Jump To
Filing Snapshot
Filing Period
Oct 1, 2018 to Sep 30, 2019
Signed
Jul 31, 2020
Return Version
2018v3.1
Gross Receipts
$10,625,662
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$3,969,187$3,595,415▼ $373,772
Savings and Temporary Cash Investments$2,440,887$2,265,154▼ $175,733
Accounts Receivable$1,034,344$848,652▼ $185,692
Prepaid Expenses and Deferred Charges$709,686$702,633▼ $7,053
Total Assets$4,184,917$3,816,439▼ $368,478
Liabilities
Accounts Payable and Accrued Expenses$145,730$151,024▲ $5,294
Other Liabilities$70,000$70,000→ $0
Total Liabilities$215,730$221,024▲ $5,294
Net Assets / Fund Balance
Total Net Assets Fund Balance$3,969,187$3,595,415▼ $373,772
Total Liabilities and Net Assets / Fund Balance$4,184,917$3,816,439▼ $368,478
Compensation and Service Providers

Employees

NameTitleOtherTotal
Bruce PeglowChairpersonunion Trustee$1$1
Matt RyderUnion Trustee$1$1
Walter BorganUnion Trustee$1$1

Board Members and Trustees

NameTitle
Ben SchultesEmployer Trustee
Patricia Alton BakerEmployer Trustee
Trace BensonSecretaryemployer Trustee

Highest Paid Contractors

ContractorServicesLocationCompensation
Formula CorporationAdminclaims proc2919 EAGANDALE BLVD, Eagan, MN 55121$292,945
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$10,601,513
Investment Income
$24,149
Other Revenue
$0
Change in Net Assets
$-373,772

Audited Revenue Reconciliation

Revenue per Audited Statements
$10,625,662
Total Revenue per Audited Statements
$10,625,662
Total Revenue per Form 990
$10,625,662
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$415,470
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$10,583,964--$10,583,964
Information Technology$25,574--$25,574
Office Expenses$22,605--$22,605
Other Expenses$21,212--$21,212
Fees for Services Accounting$18,738--$18,738
Conferences and Meetings$16,187--$16,187
Insurance$9,658--$9,658
Fees for Services Legal$8,551--$8,551
Total Functional Expenses$10,999,434$0$0$10,999,434

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$10,999,434
Total Expenses per Audited Statements$10,999,434
Total Expenses per Form 990$10,999,434
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$70,000
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 organizations reportable compensation) for related organizations reportable hours (col. B), related organizations reportable compensation actually received (col e.) and related organizations 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

Filer Name
Twin Cities Bakery Workers H & W Fd
EIN
41-1400411
Address
2919 EAGANDALE BLVD, Saint Paul, MN 55121

Signing Officer

Name
Ben Schultes
Title
Chairperson
Phone
6516860108
Signed
2020-07-31
Discuss with paid preparer
Yes

Organization Details

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

Preparer

Firm
Betts & Hayes Ltd
Address
801 Meander Court, Medina, MN 55340
Preparer
Cindy K Hayes CPA
Phone
7634783169
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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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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 ORGANIZATIONS REPORTABLE COMPENSATION) FOR RELATED ORGANIZATIONS REPORTABLE HOURS (COL. B), RELATED ORGANIZATIONS REPORTABLE COMPENSATION ACTUALLY RECEIVED (COL E.) AND RELATED ORGANIZATIONS 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
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd2N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd3N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd4N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd5N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd6N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd7N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd8N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd9N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0Lund Food Holdings Inc
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt1Almsted Enterprises Inc
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt2Supervalu Inc
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt3Jerrys Enterprises Inc
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt4Williston Corporation
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt5Haug Enterprises Inc
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt6Driskills Inc
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt7Driskills Duluth Inc
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt8Old Dutch Foods Inc
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt9Happys Potato Chip Co
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd0false
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/GeneralOrManagingPartnerInd0false
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt0Baldinger Bakery LP
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0BCTGM Local 22
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt04184917
IRS990/TotalAssetsEOYAmt03816439
IRS990/TotalAssetsGrp/BOYAmt04184917
IRS990/TotalAssetsGrp/EOYAmt03816439
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt010999434
IRS990/TotalFunctionalExpensesGrp/TotalAmt010999434
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0215730
IRS990/TotalLiabilitiesEOYAmt0221024
IRS990/TotalLiabilitiesGrp/BOYAmt0215730
IRS990/TotalLiabilitiesGrp/EOYAmt0221024
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03969187
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03595415
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt010999434
IRS990/TotalProgramServiceRevenueAmt010601513
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt010625662
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt010625662
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04184917
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03816439
IRS990/TotReportableCompRltdOrgAmt03
IRS990/TransactionWithControlEntInd0false
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WhistleblowerPolicyInd0true
IRS990/WrittenPolicyOrProcedureInd0false
ReturnHeader/BuildTS02020-09-23 17:36:50Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0BEN SCHULTES
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRPERSON
ReturnHeader/BusinessOfficerGrp/PhoneNum06516860108
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-07-31
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0TWIN CITIES BAKERY WORKERS H & W FD
ReturnHeader/Filer/BusinessNameControlTxt0TWIN
ReturnHeader/Filer/EIN0411400411
ReturnHeader/Filer/USAddress/AddressLine1Txt02919 EAGANDALE BLVD
ReturnHeader/Filer/USAddress/CityNm0Saint Paul
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055121
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0E7D90B9BB11FDAA3C6A01A7E4D40E2443BD80B28
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0E7D90B9BB11FDAA3C6A01A7E4D40E2443BD80B28
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId04104832020226qvdcoit
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02020-08-13
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0209.181.227.134
ReturnHeader/FilingSecurityInformation/IPDt02020-08-13
ReturnHeader/FilingSecurityInformation/IPTm000:08:15
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0411619880
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Betts & Hayes Ltd
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0801 Meander Court
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Medina
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd055340
ReturnHeader/PreparerPersonGrp/PhoneNum07634783169
ReturnHeader/PreparerPersonGrp/PreparationDt02020-08-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Cindy K Hayes CPA
ReturnHeader/ReturnTs02020-08-13T00:05:01-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-10-01
ReturnHeader/TaxPeriodEndDt02019-09-30
ReturnHeader/TaxYr02018

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