Civic Intelligence

Minnesota School Boards Association Insurance Trust

EIN 41-6160028 • 501(c)4 • St Peter, MN

Profile

To provide for its members and their employees and officials various forms of insurance. (Continued on Schedule O)To provide for its members and their employees and officials various forms of insurance, including any forms of permitted group insurance, for the benefit of school districts which are members of the MSBA and to effectuate cost savings in the procurement and administration of such insurance programs.

Refreshing map…

1900 West Jefferson AvenueSt Peter, MN 56082

www.mnmsba.org/MSBAIT

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

69th percentile

0.35x

Higher debt load relative to assets than 69% of similar nonprofits.

501(c)4 • $50M-$100M nonprofits • Source year 2025

Liabilities / Revenue

94th percentile

5.48x

Higher debt load relative to revenue than 94% of similar nonprofits.

501(c)4 • $50M-$100M nonprofits • Source year 2025

Net Margin

89th percentile

77%

Higher net margin than 89% of similar nonprofits.

501(c)4 • $50M-$100M nonprofits • Source year 2025

Top Officer Pay

23rd percentile

$630

Higher top officer pay than 23% of similar nonprofits.

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

501(c)4 • $50M-$100M nonprofits • Source year 2025

Asset Growth

40th percentile

3.8%

Faster asset growth than 40% of similar nonprofits.

501(c)4 • $50M-$100M nonprofits • Annualized from 2024 to 2025

Revenue Growth

17th percentile

-15%

Faster revenue growth than 17% of similar nonprofits.

501(c)4 • $50M-$100M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets69th percentile

Assets

Down

$51,445,174

Down $38,842 (-0.1%) from 2022

Liabilities

Down

$22,648,170

Down $2,340,319 (-9.4%) from 2022

Net Assets

Up

$28,797,004

Up $2,301,477 (+8.7%) from 2022

Operations
Liabilities / Revenue94th percentileNet Margin89th percentile

Revenue

Down

$3,096,426

Down $7,670,356 (-71%) from 2022

Expenses

Down

$903,563

Down $55,351 (-5.8%) from 2022

Net Income

Down

$2,192,863

Down $7,615,005 (-78%) from 2022

Trend Graphs

Balance Sheet Trend

Asset Growth40th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150M$100M$50M$0Assets 2010: $100,205,609Liabilities 2010: $67,792,656Net Assets 2010: $32,412,9532010Assets 2011: $82,389,754Liabilities 2011: $60,061,767Net Assets 2011: $22,327,9872011Assets 2012: $75,903,789Liabilities 2012: $48,801,282Net Assets 2012: $27,102,5072012Assets 2013: $70,301,159Liabilities 2013: $39,709,699Net Assets 2013: $30,591,4602013Assets 2014: $64,342,807Liabilities 2014: $35,814,619Net Assets 2014: $28,528,1882014Assets 2015: $59,735,536Liabilities 2015: $32,043,473Net Assets 2015: $27,692,0632015Assets 2016: $54,251,410Liabilities 2016: $41,842,811Net Assets 2016: $12,408,5992016Assets 2017: $51,447,564Liabilities 2017: $39,572,168Net Assets 2017: $11,875,3962017Assets 2018: $48,897,805Liabilities 2018: $36,041,968Net Assets 2018: $12,855,8372018Assets 2019: $48,097,098Liabilities 2019: $32,933,079Net Assets 2019: $15,164,0192019Assets 2020: $46,679,238Liabilities 2020: $30,240,345Net Assets 2020: $16,438,8932020Assets 2021: $44,821,482Liabilities 2021: $27,508,150Net Assets 2021: $17,313,3322021Assets 2022: $51,484,016Liabilities 2022: $24,988,489Net Assets 2022: $26,495,5272022Assets 2023: $51,445,174Liabilities 2023: $22,648,170Net Assets 2023: $28,797,0042023

Highlighted filing

2023

Assets$51,445,174
Liabilities$22,648,170
Net Assets$28,797,004
Open 2023 Filing

Operations Trend

Revenue Growth17th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$20M$10M$0-$10M-$20MExpenses 2010: $5,049,5012010Revenue 2011: $5,189,915Expenses 2011: $14,157,692Net Income 2011: -$8,967,7772011Revenue 2012: $6,190,546Expenses 2012: $2,226,395Net Income 2012: $3,964,1512012Expenses 2013: $2,121,2522013Revenue 2014: $1,623,135Expenses 2014: $3,351,361Net Income 2014: -$1,728,2262014Revenue 2015: $1,677,212Expenses 2015: $2,048,171Net Income 2015: -$370,9592015Revenue 2016: $816,009Expenses 2016: $16,266,101Net Income 2016: -$15,450,0922016Revenue 2017: $796,701Expenses 2017: $1,339,570Net Income 2017: -$542,8692017Revenue 2018: $2,263,425Expenses 2018: $989,886Net Income 2018: $1,273,5392018Revenue 2019: $2,634,473Expenses 2019: $708,502Net Income 2019: $1,925,9712019Revenue 2020: $1,870,512Expenses 2020: $839,068Net Income 2020: $1,031,4442020Revenue 2021: $2,057,996Expenses 2021: $914,838Net Income 2021: $1,143,1582021Revenue 2022: $10,766,782Expenses 2022: $958,914Net Income 2022: $9,807,8682022Revenue 2023: $3,096,426Expenses 2023: $903,563Net Income 2023: $2,192,8632023

Highlighted filing

2023

Revenue$3,096,426
Expenses$903,563
Net Income$2,192,863
Open 2023 Filing

Filings

Most recent year

2023 • Form 990Summary only. Only limited summary data is available for this year.

Open filing
Assets
$51,445,174
Liabilities
$22,648,170
Net assets
$28,797,004
Revenue
$3,096,426
Expenses
$903,563
Net income
$2,192,863
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$51.4$22.6$28.8$3.10$0.90$2.19
2022Summary only. Only limited summary data is available for this year.$51.5$25.0$26.5$10.8$0.96$9.81
2021Summary only. Only limited summary data is available for this year.$44.8$27.5$17.3$2.06$0.91$1.14
2020Summary only. Only limited summary data is available for this year.$46.7$30.2$16.4$1.87$0.84$1.03
2019Summary only. Only limited summary data is available for this year.$48.1$32.9$15.2$2.63$0.71$1.93
2018Summary only. Only limited summary data is available for this year.$48.9$36.0$12.9$2.26$0.99$1.27
2017Summary only. Only limited summary data is available for this year.$51.4$39.6$11.9$0.80$1.34$0.54
2016Summary only. Only limited summary data is available for this year.$54.3$41.8$12.4$0.82$16.3$15.5
2015Summary only. Only limited summary data is available for this year.$59.7$32.0$27.7$1.68$2.05$0.37
2014Summary only. Only limited summary data is available for this year.$64.3$35.8$28.5$1.62$3.35$1.73
2013Summary only. Only limited summary data is available for this year.$70.3$39.7$30.6$2.12
2012Summary only. Only limited summary data is available for this year.$75.9$48.8$27.1$6.19$2.23$3.96
2011Summary only. Only limited summary data is available for this year.$82.4$60.1$22.3$5.19$14.2$8.97
2010Summary only. Only limited summary data is available for this year.$100$67.8$32.4$5.05
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Nov 2, 2023
Return Version
2022v5.0
Gross Receipts
$24,045,053
Mission and Program Overview

Mission

To provide for its members and their employees and officials various forms of insurance. (Continued on Schedule O)To provide for its members and their employees and officials various forms of insurance, including any forms of permitted group insurance, for the benefit of school districts which are members of the MSBA and to effectuate cost savings in the procurement and administration of such insurance programs.

To provide member school districts with insurance and risk management tools.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$27,082,154$31,885,303▲ $4,803,149
Investments in Publicly Traded Securities$22,547,578$17,410,166▼ $5,137,412
Accounts Receivable$1,799,938$1,995,523▲ $195,585
Total Assets$51,484,016$51,445,174▼ $38,842
Other Assets Total$54,346$154,182▲ $99,836
Liabilities
Other Liabilities$24,295,310$22,057,718▼ $2,237,592
Accounts Payable and Accrued Expenses$482,179$409,452▼ $72,727
Deferred Revenue$211,000$181,000▼ $30,000
Total Liabilities$24,988,489$22,648,170▼ $2,340,319
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$26,495,527$28,797,004▲ $2,301,477
Total Net Assets Fund Balance$26,495,527$28,797,004▲ $2,301,477
Total Liabilities and Net Assets / Fund Balance$51,484,016$51,445,174▼ $38,842
Compensation and Service Providers
Top Officer Pay23rd percentile

Employees

NameTitleBaseTotal
Cheryl PolzinTrustee$390$390
Jeanna LillebergTrustee/Vice Chair$390$390
Kent ThiesseTrustee$390$390
Kevin DonovanChair$330$330
Walter HautalaTrustee$330$330
Kathy GreenTrustee/Vice Chair (Until Oct 2022)$240$240
Roy NelsonTrustee$180$180

Board Members and Trustees

NameTitle
Scott SteffesTrustee
Kirk SchneidawindSecretary/Treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Berkley Risk Administrators CompanyAdministrative ServicesNW 6208 POB 1450, Minneapolis, MN 55485-6208$227,150
Minnesota School Boards AssociationAdministrative Services1900 West Jefferson, St Peter, MN 56082$199,095
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,414,452
Investment Income
$1,270,484
Other Revenue
$411,490
Change in Net Assets
$2,192,863

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,679,493
Revenue Not Reported on Financial Statements
$1,416,933
Revenue Not Reported on Form 990
$108,614
Other Revenue Adjustments
$1,417,089
Total Revenue per Audited Statements
$1,788,107
Total Revenue per Form 990
$3,096,426
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$900,893
Salaries, Compensation, and Employee Benefits$2,670
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management-$172,819-$172,819
Other Expenses$103,936$452,409-$103,936
Fees for Services Other-$61,898-$61,898
Advertising-$50,654-$50,654
Fees for Services Accounting-$27,850-$27,850
Insurance-$25,776-$25,776
Travel-$3,197-$3,197
Current Officers, Directors, Trustees, and Key Employees-$2,670-$2,670
Fees for Services Legal-$1,820-$1,820
All Other Expenses$385--$385
Conferences and Meetings-$149-$149
Total Functional Expenses$104,321$799,242$0$903,563

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$903,719
Total Expenses per Form 990$903,563
Expenses Not Reported on Financial Statements$-156
Total Expenses per Audited Statements$-513,370
Expenses Not Reported on Form 990$-1,417,089
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
In-house lobbying only
Yes
Subject to proxy tax
Yes
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Reserve for Losses$22,057,718
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
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, Part VI, Section A, line 6

“Members include Minnesota Independent School Districts and like entities.”

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

“Election is held every year and the members of the organization each have a vote.”

Form 990, Part VI, Section A, line 8B

“There are no committees that have authority to act on behalf of the Board.”

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

“The draft Form 990 is reviewed by internal finance personnel. Once comments have been addressed, the Form 990 is presented to the Board for approval.”

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

“All Board members are covered under the policy. Statements are reviewed at an administration level. If a conflict arises, that individual is required to abstain from voting on the conflict.”

Form 990, Part VI, Section B, line 15

“Board members, with the exception of the Secretary/Treasurer, receive a stipend for services to the organization.”

Form 990, Part VI, Section C, line 19

“The organization makes its financial statements available to the public on the organization's website. The organization's conflict of interest policy and governing documents are not made available to the public.”

Filing and Contact Details

Filer

Filer Name
Minnesota School Boards Association
EIN
41-6160028
Phone
5079342450
Address
1900 West Jefferson Avenue, St Peter, MN 56082

Signing Officer

Name
Kirk Schneidawind
Title
Secretary/Treasurer
Phone
5079342450
Signed
2023-11-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kevin Donovan
Formed
1972
Legal Domicile
Mn
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
8

Preparer

Firm
Eide Bailly LLP
Address
800 Nicollet Mall Ste 1300, Minneapolis, MN 55402-7033
Preparer
Deb Nelson CPA
Phone
6122536500
Supplemental Narrative

Financial Statement Notes

Part X, Line 2:

“Management believes that MSBAIT has appropriate support for any tax positions taken affecting its annual filing requirements, and as such, does not have any uncertain tax positions that are material to the financial statements. MSBAIT would recognize future accrued interest and penalties related to unrecognized tax benefits and liabilities in income tax expense if such interest and penalties are incurred.”

Part XI, Line 4B - Other Adjustments:

“Loss & Loss Adjustment reported as revenue for tax purposes. 1,414,291. Premium Reimbursement 2,798.”

Part XII, Line 2D - Other Adjustments:

“Loss & Loss Adjustment reported as revenue for tax purposes. -1,414,291. Premium Reimbursement -2,798.”

Raw XML AppendixShowing 400 of 404 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0482179
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0409452
IRS990/AccountsReceivableGrp/BOYAmt01799938
IRS990/AccountsReceivableGrp/EOYAmt01995523
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0To provide member school districts with insurance and risk management tools.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt050654
IRS990/AdvertisingGrp/TotalAmt050654
IRS990/AllOtherExpensesGrp/ProgramServicesAmt0385
IRS990/AllOtherExpensesGrp/TotalAmt0385
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0Tiffany Gustin
IRS990/BooksInCareOfDetail/PhoneNum05079348131
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01900 West Jefferson
IRS990/BooksInCareOfDetail/USAddress/CityNm0St Peter
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MN
IRS990/BooksInCareOfDetail/USAddress/ZIPCd056082
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt02
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt02670
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt02670
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt0149
IRS990/ConferencesMeetingsGrp/TotalAmt0149
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/ContractorCompensationGrp/CompensationAmt0227150
IRS990/ContractorCompensationGrp/CompensationAmt1199095
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt0NW 6208 POB 1450
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt11900 West Jefferson
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0Minneapolis
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm1St Peter
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0MN
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd1MN
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd0554856208
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd156082
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0Berkley Risk Administrators Company
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt1Minnesota School Boards Association
IRS990/ContractorCompensationGrp/ServicesDesc0Administrative Services
IRS990/ContractorCompensationGrp/ServicesDesc1Administrative Services
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt01270484
IRS990/CYOtherExpensesAmt0900893
IRS990/CYOtherRevenueAmt0411490
IRS990/CYProgramServiceRevenueAmt01414452
IRS990/CYRevenuesLessExpensesAmt02192863
IRS990/CYSalariesCompEmpBnftPaidAmt02670
IRS990/CYTotalExpensesAmt0903563
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt03096426
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt0211000
IRS990/DeferredRevenueGrp/EOYAmt0181000
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0The Minnesota School Boards Association Insurance Trust (MSBAIT) is a joint-powers organization that was formed by the Minnesota School Boards Association (MSBA) to provide pooled self-insurance and endorsed programs to member schools. MSBAIT self-insurance programs are in abeyance and the organization will continue to adjudicate claims for policies previously underwritten, but will no longer underwrite any new policies.
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0104321
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt027850
IRS990/FeesForServicesAccountingGrp/TotalAmt027850
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt01820
IRS990/FeesForServicesLegalGrp/TotalAmt01820
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt0172819
IRS990/FeesForServicesManagementGrp/TotalAmt0172819
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt061898
IRS990/FeesForServicesOtherGrp/TotalAmt061898
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt60.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt70.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.70
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/PersonNm0Kevin Donovan
IRS990/Form990PartVIISectionAGrp/PersonNm1Kathy Green
IRS990/Form990PartVIISectionAGrp/PersonNm2Roy Nelson
IRS990/Form990PartVIISectionAGrp/PersonNm3Kent Thiesse
IRS990/Form990PartVIISectionAGrp/PersonNm4Jeanna Lilleberg
IRS990/Form990PartVIISectionAGrp/PersonNm5Walter Hautala
IRS990/Form990PartVIISectionAGrp/PersonNm6Cheryl Polzin
IRS990/Form990PartVIISectionAGrp/PersonNm7Scott Steffes
IRS990/Form990PartVIISectionAGrp/PersonNm8Kirk Schneidawind
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0330
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1240
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt2180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt3390
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt4390
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt5330
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt6390
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/TitleTxt0Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt1Trustee/Vice Chair (Until Oct 2022)
IRS990/Form990PartVIISectionAGrp/TitleTxt2Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt3Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt4Trustee/Vice Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt5Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt6Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt7Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt8Secretary/Treasurer
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01972
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt0-151701
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt020796926
IRS990/GrossReceiptsAmt024045053
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt025776
IRS990/InsuranceGrp/TotalAmt025776
IRS990/InvestmentIncomeGrp/ExclusionAmt01422185
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01422185
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt022547578
IRS990/InvestmentsPubTradedSecGrp/EOYAmt017410166
IRS990/IRPDocumentCnt01
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0MN
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt020948627
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0To provide for its members and their employees and officials various forms of insurance. (Continued on Schedule O)To provide for its members and their employees and officials various forms of insurance, including any forms of permitted group insurance, for the benefit of school districts which are members of the MSBA and to effectuate cost savings in the procurement and administration of such insurance programs.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt026495527
IRS990/NetAssetsOrFundBalancesEOYAmt028797004
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-151701
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-151701
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0108614
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt026495527
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt028797004
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt054346
IRS990/OtherAssetsTotalGrp/EOYAmt0154182
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0Administrative Expenses
IRS990/OtherExpensesGrp/Desc1Special Compensation Fu
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0452409
IRS990/OtherExpensesGrp/ProgramServicesAmt0103936
IRS990/OtherExpensesGrp/TotalAmt0452409
IRS990/OtherExpensesGrp/TotalAmt1103936
IRS990/OtherLiabilitiesGrp/BOYAmt024295310
IRS990/OtherLiabilitiesGrp/EOYAmt022057718
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0Premium Reimbursement
IRS990/OtherRevenueMiscGrp/ExclusionAmt02798
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt02798
IRS990/OtherRevenueTotalAmt02798
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0Kevin Donovan
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0525100
IRS990/ProgramServiceRevenueGrp/BusinessCd1525100
IRS990/ProgramServiceRevenueGrp/Desc0Change in Loss Reserve Estimate
IRS990/ProgramServiceRevenueGrp/Desc1WCRA Distribution
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01414291
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1161
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01414291
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1161
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0204695
IRS990/PYOtherExpensesAmt0957294
IRS990/PYOtherRevenueAmt0414480
IRS990/PYProgramServiceRevenueAmt010147607
IRS990/PYRevenuesLessExpensesAmt09807868
IRS990/PYSalariesCompEmpBnftPaidAmt01620
IRS990/PYTotalExpensesAmt0958914
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt010766782
IRS990/ReconcilationRevenueExpnssAmt02192863
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01414452
IRS990/RoyaltiesRevenueGrp/ExclusionAmt0408692
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt0408692
IRS990/SavingsAndTempCashInvstGrp/BOYAmt027082154
IRS990/SavingsAndTempCashInvstGrp/EOYAmt031885303
IRS990/ScheduleBRequiredInd00
IRS990ScheduleC/AgreeCarryoverPriorYearInd00
IRS990ScheduleC/OnlyInHouseLobbyingInd01
IRS990ScheduleC/SubstantiallyAllDuesNondedInd01
IRS990ScheduleD/ExpensesNotReportedAmt0-1417089
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0-156
IRS990ScheduleD/ExpensesSubtotalAmt0903719
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt0-156
IRS990ScheduleD/InvestmentExpensesNotIncldAmt0-156
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0108614
IRS990ScheduleD/OtherExpensesIncludedAmt0-1417089
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt022057718
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Reserve for Losses
IRS990ScheduleD/OtherRevenuesNotIncludedAmt01417089
IRS990ScheduleD/RevenueNotReportedAmt0108614
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt01416933
IRS990ScheduleD/RevenueSubtotalAmt01679493
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Management believes that MSBAIT has appropriate support for any tax positions taken affecting its annual filing requirements, and as such, does not have any uncertain tax positions that are material to the financial statements. MSBAIT would recognize future accrued interest and penalties related to unrecognized tax benefits and liabilities in income tax expense if such interest and penalties are incurred.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Loss & Loss Adjustment reported as revenue for tax purposes. 1,414,291. Premium Reimbursement 2,798.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Loss & Loss Adjustment reported as revenue for tax purposes. -1,414,291. Premium Reimbursement -2,798.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XI, Line 4b - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XII, Line 2d - Other Adjustments:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0903563
IRS990ScheduleD/TotalLiabilityAmt022057718
IRS990ScheduleD/TotalRevenuePerForm990Amt03096426
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01788107
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0-513370
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Members include Minnesota Independent School Districts and like entities.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Election is held every year and the members of the organization each have a vote.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2There are no committees that have authority to act on behalf of the Board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The draft Form 990 is reviewed by internal finance personnel. Once comments have been addressed, the Form 990 is presented to the Board for approval.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4All Board members are covered under the policy. Statements are reviewed at an administration level. If a conflict arises, that individual is required to abstain from voting on the conflict.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Board members, with the exception of the Secretary/Treasurer, receive a stipend for services to the organization.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6The organization makes its financial statements available to the public on the organization's website. The organization's conflict of interest policy and governing documents are not made available to the public.
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 8b
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
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd01
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt051484016
IRS990/TotalAssetsEOYAmt051445174
IRS990/TotalAssetsGrp/BOYAmt051484016
IRS990/TotalAssetsGrp/EOYAmt051445174
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0799242
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0104321
IRS990/TotalFunctionalExpensesGrp/TotalAmt0903563
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt024988489
IRS990/TotalLiabilitiesEOYAmt022648170
IRS990/TotalLiabilitiesGrp/BOYAmt024988489
IRS990/TotalLiabilitiesGrp/EOYAmt022648170
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt026495527
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt028797004
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0104321
IRS990/TotalProgramServiceRevenueAmt01414452
IRS990/TotalReportableCompFromOrgAmt02250
IRS990/TotalRevenueGrp/ExclusionAmt01681974
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01414452
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03096426
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt08
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt051484016
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt051445174
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt03197
IRS990/TravelGrp/TotalAmt03197
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01900 West Jefferson Avenue
IRS990/USAddress/CityNm0St Peter
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd056082
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0www.mnmsba.org/MSBAIT
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Kirk Schneidawind
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Secretary/Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum05079342450
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-02
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Minnesota School Boards Association
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0Insurance Trust
ReturnHeader/Filer/BusinessNameControlTxt0MINN
ReturnHeader/Filer/EIN0416160028
ReturnHeader/Filer/PhoneNum05079342450
ReturnHeader/Filer/USAddress/AddressLine1Txt01900 West Jefferson Avenue
ReturnHeader/Filer/USAddress/CityNm0St Peter
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd056082
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0450250958
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Eide Bailly LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0800 Nicollet Mall Ste 1300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Minneapolis
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0554027033
ReturnHeader/PreparerPersonGrp/PhoneNum06122536500
ReturnHeader/PreparerPersonGrp/PreparationDt02023-11-02
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Deb Nelson CPA
ReturnHeader/ReturnTs02023-11-09T08:47:26-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Kirk

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 501(c)4 • $50M-$100M nonprofits

Washington, DC

View Organization

North Fund

501(c)4

Revenue$45,031,127
Assets$50,510,009

Revenue vs current organization

1354% higher

Assets vs current organization

About the same

Minneapolis, MN

View Organization

Ucare Health Inc

501(c)4

Revenue$52,391,972
Assets$40,029,741

Revenue vs current organization

1592% higher

Assets vs current organization

22% lower