Civic Intelligence

Minnesota Laborers-Employers Cooperation & Education Trust Fund

990 • Fiscal year 2019 • EIN 41-6363196

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 05, 2020

2520 Pilot Knob Road No 325Mendota Heights, MN 55120

(651) 256-1900

Siviq Scores

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

Liabilities / Assets

61st percentile

0.03x

Higher debt load relative to assets than 61% of similar nonprofits.

2019 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

59th percentile

0.04x

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

2019 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2019

Net Margin

43rd percentile

4.4%

Higher net margin than 43% of similar nonprofits.

2019 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

79th percentile

$176,585

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 14.2% of source-year revenue.

2019 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2019

Asset Growth

38th percentile

2.7%

Faster asset growth than 38% of similar nonprofits.

2019 filings • 501(c)5 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

76th percentile

11%

Faster revenue growth than 76% of similar nonprofits.

2019 filings • 501(c)5 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Flat

$1,413,743

Flat from 2019

Net Assets

Flat

$1,367,945

Flat from 2019

Liabilities

Flat

$45,798

Flat from 2019

Revenue

Flat

$1,240,110

Flat from 2019

Expenses

Flat

$1,185,158

Flat from 2019

Net Income

Flat

$54,952

Flat from 2019

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2010: $1,074,429Liabilities 2010: $47,551Net Assets 2010: $1,026,8782010Assets 2011: $1,001,117Liabilities 2011: $69,890Net Assets 2011: $931,2272011Assets 2012: $946,444Liabilities 2012: $53,425Net Assets 2012: $893,0192012Assets 2013: $963,404Liabilities 2013: $65,271Net Assets 2013: $898,1332013Assets 2014: $964,311Liabilities 2014: $73,141Net Assets 2014: $891,1702014Assets 2015: $1,174,485Liabilities 2015: $57,604Net Assets 2015: $1,116,8812015Assets 2016: $1,361,951Liabilities 2016: $65,681Net Assets 2016: $1,296,2702016Assets 2017: $1,431,511Liabilities 2017: $74,726Net Assets 2017: $1,356,7852017Assets 2018: $1,376,061Liabilities 2018: $63,068Net Assets 2018: $1,312,9932018Assets 2019: $1,413,743Liabilities 2019: $45,798Net Assets 2019: $1,367,9452019Assets 2019: $1,413,743Liabilities 2019: $45,798Net Assets 2019: $1,367,9452019Assets 2020: $1,335,395Liabilities 2020: $32,858Net Assets 2020: $1,302,5372020Assets 2021: $1,525,272Liabilities 2021: $33,560Net Assets 2021: $1,491,7122021Assets 2022: $1,371,148Liabilities 2022: $89,145Net Assets 2022: $1,282,0032022Assets 2023: $1,169,427Liabilities 2023: $53,871Net Assets 2023: $1,115,5562023Assets 2024: $1,093,442Liabilities 2024: $2,459Net Assets 2024: $1,090,9832024

Highlighted filing

2019

Assets$1,413,743
Liabilities$45,798
Net Assets$1,367,945

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $605,1162010Expenses 2011: $662,8982011Expenses 2012: $668,8112012Revenue 2013: $695,839Expenses 2013: $690,725Net Income 2013: $5,1142013Revenue 2014: $760,145Expenses 2014: $767,108Net Income 2014: -$6,9632014Revenue 2015: $1,043,488Expenses 2015: $817,777Net Income 2015: $225,7112015Revenue 2016: $1,143,320Expenses 2016: $963,931Net Income 2016: $179,3892016Revenue 2017: $1,116,341Expenses 2017: $1,055,826Net Income 2017: $60,5152017Revenue 2018: $1,112,644Expenses 2018: $1,156,436Net Income 2018: -$43,7922018Revenue 2019: $1,240,110Expenses 2019: $1,185,158Net Income 2019: $54,9522019Revenue 2019: $1,240,110Expenses 2019: $1,185,158Net Income 2019: $54,9522019Revenue 2020: $1,077,681Expenses 2020: $1,143,089Net Income 2020: -$65,4082020Revenue 2021: $1,301,340Expenses 2021: $1,112,165Net Income 2021: $189,1752021Revenue 2022: $1,189,484Expenses 2022: $1,399,193Net Income 2022: -$209,7092022Revenue 2023: $1,180,537Expenses 2023: $1,346,984Net Income 2023: -$166,4472023Revenue 2024: $1,405,716Expenses 2024: $1,383,131Net Income 2024: $22,5852024

Highlighted filing

2019

Revenue$1,240,110
Expenses$1,185,158
Net Income$54,952
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 5, 2020
Return Version
2019v5.1
Gross Receipts
$1,264,525
Mission and Program Overview

Mission

To promote understanding, improve safety, and enhance communication in the laborers industry

Labor-management organization

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$941,946$914,967▼ $26,979
Cash and Non-Interest-Bearing Accounts$287,297$357,173▲ $69,876
Accounts Receivable$103,937$87,033▼ $16,904
Land, Buildings, and Equipment, Net$31,233$38,541▲ $7,308
Prepaid Expenses and Deferred Charges$6,528$6,575▲ $47
Total Assets$1,376,061$1,413,743▲ $37,682
Other Assets Total$5,120$9,454▲ $4,334
Liabilities
Accounts Payable and Accrued Expenses$61,014$43,647▼ $17,367
Other Liabilities$2,054$2,151▲ $97
Total Liabilities$63,068$45,798▼ $17,270
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,312,993$1,367,945▲ $54,952
Total Net Assets Fund Balance$1,312,993$1,367,945▲ $54,952
Total Liabilities and Net Assets / Fund Balance$1,376,061$1,413,743▲ $37,682

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$38,541$24,751$63,292
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dwight EngenMarketing DirectorFT$111,079$65,506$176,585

Board Members and Trustees

NameTitle
Mark RyanChairman-past
Mike BubaloCo-chairman
Rick PeperCo-chairman
Andy RistromTrustee
Chris BornTrustee
Dan OlsonTrustee
Denise WoodsTrustee
Randy KramerTrustee
Shawn BrafordTrustee
Sheldon SteeleTrustee
Tom VeveaTrustee
John KittlesonTrustee-past
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,212,399
Investment Income
$26,566
Other Revenue
$1,145
Change in Net Assets
$54,952

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,209,365
Revenue Not Reported on Financial Statements
$30,745
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$30,745
Total Revenue per Audited Statements
$1,209,365
Total Revenue per Form 990
$1,240,110
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$988,968
Salaries, Compensation, and Employee Benefits$185,190
Grants and Similar Amounts Paid$11,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Advertising---$376,055
Payments to Affiliates---$257,656
Other Salaries and Wages---$111,079
Pension Plan Contributions---$48,698
Occupancy---$36,000
Office Expenses---$30,543
Fees for Services Other---$22,730
Other Expenses---$18,300
Other Employee Benefits---$16,808
Depreciation Depletion---$12,383
Conferences and Meetings---$10,567
Fees for Services Management---$9,299
Insurance---$9,025
Payroll Taxes---$8,605
Grants to Domestic Individuals---$7,000
Fees for Services Legal---$6,853
Fees for Services Accounting---$5,600
Travel---$4,824
Grants to Domestic Orgs---$4,000
Total Functional Expenses$0$0$0$1,185,158

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,185,158
Expenses per Audited Statements$1,154,413
Total Expenses per Audited Statements$1,154,413
Expenses Not Reported on Financial Statements$30,745
Other Expense Adjustments$30,745
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
Payroll Withholdings Not Remitted at Year End$2,151
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Section A, Line 3

Although the trustees retain the ultimate responsibility, the board has delegated the day to day administrative duties to zenith american solutions as the third party administrator of the fund.

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

Union trustees shall be appointed by the laborers district council of minnesota and north dakota. Employer trustees shall be appointed by the associated general contractors of minnesota.

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

Form 990 is provided to and reviewed by the entire board of trustees before filing.

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

To ensure the fund operates in a manner consistent with its purpose and does not engage in activities that could jeopardize its tax exempt status and fiduciary obligations, periodic reviews of compliance with the conflict of interest policy are conducted by the board of trustees.

Form 990, Part VI, Section C, Line 19

All governing documents, conflict of interest policy and financial statements are made available to participants. These documents can be obtained by request at the fund office.

Filing and Contact Details

Filer

Filer Name
Minnesota Laborers-employers Cooperation
EIN
41-6363196
Phone
6512561900
Address
2520 PILOT KNOB ROAD NO 325, MENDOTA HEIGHTS, MN 55120

Signing Officer

Name
Mike Bubalo
Title
Co-chairman
Phone
6512561900
Signed
2020-11-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mike Bubalo
Formed
1992
Legal Domicile
Mn
Voting Board Members
10
Independent Board Members
10
Employees
1
Volunteers
0

Preparer

Firm
Legacy Professionals Llp
Address
6800 FRANCE AVENUE SO SUITE 550, EDINA, MN 55435
Preparer
Eric C Baertsch
Phone
9528413950
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

Accounting principles generally accepted in the united states of america require the fund to evaluate tax positions taken and recognize a tax liability if the fund has taken uncertain tax positions that more likely than not would not be sustained upon examination by tax authorities. The fund is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Legal fees recovery 1145. Safety incentive program contributions 29600.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Legal fees recovery 1145. Safety incentive program contributions 29600.

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IRS990/OtherExpensesGrp/Desc1HEALTH FAIR EXPENSE
IRS990/OtherExpensesGrp/Desc2SAFETY INCENTIVE PROGRA
IRS990/OtherExpensesGrp/Desc3MEMBERSHIP DUES
IRS990/OtherExpensesGrp/TotalAmt081834
IRS990/OtherExpensesGrp/TotalAmt177492
IRS990/OtherExpensesGrp/TotalAmt229807
IRS990/OtherExpensesGrp/TotalAmt318300
IRS990/OtherLiabilitiesGrp/BOYAmt02054
IRS990/OtherLiabilitiesGrp/EOYAmt02151
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0LEGAL FEES RECOVERY
IRS990/OtherRevenueMiscGrp/ExclusionAmt01145
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01145
IRS990/OtherRevenueTotalAmt01145
IRS990/OtherSalariesAndWagesGrp/TotalAmt0111079
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/TotalAmt0257656
IRS990/PayrollTaxesGrp/TotalAmt08605
IRS990/PensionPlanContributionsGrp/TotalAmt048698
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt06528
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt06575
IRS990/PrincipalOfficerNm0MIKE BUBALO
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0EMPLOYER CONTRIBUTIONS
IRS990/ProgramServiceRevenueGrp/Desc1SAFETY INCENTIVE PROGR
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01182799
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt129600
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01182799
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt129600
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt05070
IRS990/PYInvestmentIncomeAmt015087
IRS990/PYOtherExpensesAmt0978090
IRS990/PYOtherRevenueAmt032087
IRS990/PYProgramServiceRevenueAmt01065470
IRS990/PYRevenuesLessExpensesAmt0-43792
IRS990/PYSalariesCompEmpBnftPaidAmt0173276
IRS990/PYTotalExpensesAmt01156436
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01112644
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt054952
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0941946
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0914967
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt038541
IRS990ScheduleD/EquipmentGrp/DepreciationAmt024751
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt063292
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt030745
IRS990ScheduleD/ExpensesSubtotalAmt01154413
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherExpensesNotIncludedAmt030745
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02151
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL WITHHOLDINGS NOT REMITTED AT YEAR END
IRS990ScheduleD/OtherRevenuesNotIncludedAmt030745
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt030745
IRS990ScheduleD/RevenueSubtotalAmt01209365
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE THE FUND TO EVALUATE TAX POSITIONS TAKEN AND RECOGNIZE A TAX LIABILITY IF THE FUND HAS TAKEN UNCERTAIN TAX POSITIONS THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY TAX AUTHORITIES. THE FUND IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1LEGAL FEES RECOVERY 1145. SAFETY INCENTIVE PROGRAM CONTRIBUTIONS 29600.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2LEGAL FEES RECOVERY 1145. SAFETY INCENTIVE PROGRAM CONTRIBUTIONS 29600.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt038541
IRS990ScheduleD/TotalExpensesPerForm990Amt01185158
IRS990ScheduleD/TotalLiabilityAmt02151
IRS990ScheduleD/TotalRevenuePerForm990Amt01240110
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01209365
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01154413
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt07000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceAmt00
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc0SECONDARY EDUCATION SCHOLARSHIPS TO MEMBERS' CHILDREN
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt07
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0COST
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE FUND EXERCISES DUE DILIGENCE PRIOR TO GIVING GRANTS AND OTHER ASSISTANCE. GRANTS AND OTHER ASSISTANCE ARE MADE FOR THE GENERAL USE OF THE ORGANIZATION AND INDIVIDUALS THAT RECEIVE THEM. ALL GRANTS AND OTHER ASSISTANCE ARE APPROVED BY THE BOARD OF TRUSTEES. DOCUMENTATION FOR ALL GRANTS AND OTHER ASSISTANCE IS RETAINED AT THE FUND'S OFFICE. THERE IS NO ADDITIONAL MONITORING ONCE THE CONTRIBUTION IS MADE.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART 1, LINE 2:
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0111079
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt048698
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt016808
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0DWIGHT ENGEN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0MARKETING DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0176585
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ALTHOUGH THE TRUSTEES RETAIN THE ULTIMATE RESPONSIBILITY, THE BOARD HAS DELEGATED THE DAY TO DAY ADMINISTRATIVE DUTIES TO ZENITH AMERICAN SOLUTIONS AS THE THIRD PARTY ADMINISTRATOR OF THE FUND.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1UNION TRUSTEES SHALL BE APPOINTED BY THE LABORERS DISTRICT COUNCIL OF MINNESOTA AND NORTH DAKOTA. EMPLOYER TRUSTEES SHALL BE APPOINTED BY THE ASSOCIATED GENERAL CONTRACTORS OF MINNESOTA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 IS PROVIDED TO AND REVIEWED BY THE ENTIRE BOARD OF TRUSTEES BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3TO ENSURE THE FUND OPERATES IN A MANNER CONSISTENT WITH ITS PURPOSE AND DOES NOT ENGAGE IN ACTIVITIES THAT COULD JEOPARDIZE ITS TAX EXEMPT STATUS AND FIDUCIARY OBLIGATIONS, PERIODIC REVIEWS OF COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY ARE CONDUCTED BY THE BOARD OF TRUSTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALL GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO PARTICIPANTS. THESE DOCUMENTS CAN BE OBTAINED BY REQUEST AT THE FUND OFFICE.
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
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01376061
IRS990/TotalAssetsEOYAmt01413743
IRS990/TotalAssetsGrp/BOYAmt01376061
IRS990/TotalAssetsGrp/EOYAmt01413743
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/TotalAmt01185158
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt063068
IRS990/TotalLiabilitiesEOYAmt045798
IRS990/TotalLiabilitiesGrp/BOYAmt063068
IRS990/TotalLiabilitiesGrp/EOYAmt045798
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01312993
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01367945
IRS990/TotalOtherCompensationAmt065506
IRS990/TotalProgramServiceRevenueAmt01212399
IRS990/TotalReportableCompFromOrgAmt0111079
IRS990/TotalRevenueGrp/ExclusionAmt027711
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01212399
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01240110
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01376061
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01413743
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt04824
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02520 PILOT KNOB ROAD NO 325
IRS990/USAddress/CityNm0MENDOTA HEIGHTS
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd055120
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0WWW.MNLECET.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02021-04-22 16:20:28Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MIKE BUBALO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CO-CHAIRMAN

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.09$0.00$1.09$1.41$1.38$0.02
2023Summary only. Only limited summary data is available for this year.$1.17$0.05$1.12$1.18$1.35$0.17
2022Summary only. Only limited summary data is available for this year.$1.37$0.09$1.28$1.19$1.40$0.21
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.53$0.03$1.49$1.30$1.11$0.19
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.34$0.03$1.30$1.08$1.14$0.07
2019Detailed filing. Detailed filing data is available for this year.$1.41$0.05$1.37$1.24$1.19$0.05
2019Summary only. Only limited summary data is available for this year.$1.41$0.05$1.37$1.24$1.19$0.05
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.38$0.06$1.31$1.11$1.16$0.04
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.43$0.07$1.36$1.12$1.06$0.06
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.36$0.07$1.30$1.14$0.96$0.18
2015Detailed filing. Detailed filing data is available for this year.$1.17$0.06$1.12$1.04$0.82$0.23
2014Detailed filing. Detailed filing data is available for this year.$0.96$0.07$0.89$0.76$0.77$0.01
2013Detailed filing. Detailed filing data is available for this year.$0.96$0.07$0.90$0.70$0.69$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.95$0.05$0.89$0.67
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.00$0.07$0.93$0.66
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.07$0.05$1.03$0.61