Civic Intelligence

Minnesota Laborers-Employers Cooperation & Education Trust Fund

990 • Fiscal year 2022 • EIN 41-6363196

Jan 01, 2022 to Dec 31, 2022 • Filed on Sep 20, 2023

Refreshing map…

2520 Pilot Knob Road 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

73rd percentile

0.07x

Higher debt load relative to assets than 73% of similar nonprofits.

2022 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

71st percentile

0.07x

Higher debt load relative to revenue than 71% of similar nonprofits.

2022 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2022

Net Margin

9th percentile

-18%

Higher net margin than 9% of similar nonprofits.

2022 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

85th percentile

$200,727

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 16.9% of source-year revenue.

2022 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2022

Asset Growth

16th percentile

-10%

Faster asset growth than 16% of similar nonprofits.

2022 filings • 501(c)5 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

18th percentile

-8.6%

Faster revenue growth than 18% of similar nonprofits.

2022 filings • 501(c)5 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Flat

$1,371,148

Flat from 2022

Net Assets

Flat

$1,282,003

Flat from 2022

Liabilities

Flat

$89,145

Flat from 2022

Revenue

Flat

$1,189,484

Flat from 2022

Expenses

Flat

$1,399,193

Flat from 2022

Net Income

Flat

-$209,709

Flat from 2022

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 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 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

2022

Assets$1,371,148
Liabilities$89,145
Net Assets$1,282,003

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 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 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

2022

Revenue$1,189,484
Expenses$1,399,193
Net Income-$209,709
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Sep 20, 2023
Return Version
2022v5.0
Gross Receipts
$1,201,980
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$933,449$932,475▼ $974
Cash and Non-Interest-Bearing Accounts$456,367$153,417▼ $302,950
Land, Buildings, and Equipment, Net$42,048$152,788▲ $110,740
Accounts Receivable$89,210$83,461▼ $5,749
Prepaid Expenses and Deferred Charges$4,198$7,211▲ $3,013
Total Assets$1,525,272$1,371,148▼ $154,124
Other Assets Total$0$41,796▲ $41,796
Liabilities
Accounts Payable and Accrued Expenses$31,292$45,010▲ $13,718
Other Liabilities$2,268$44,135▲ $41,867
Total Liabilities$33,560$89,145▲ $55,585
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,491,712$1,282,003▼ $209,709
Total Net Assets Fund Balance$1,491,712$1,282,003▼ $209,709
Total Liabilities and Net Assets / Fund Balance$1,525,272$1,371,148▼ $154,124

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$152,788$38,768$191,556
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dwight EngenMarketing DirectorFT$121,424$79,303$200,727

Board Members and Trustees

NameTitle
Rick PeperCo-chairman
Shawn BrafordCo-chairman
Andy RistromTrustee
Dan OlsonTrustee
Keith PetersenTrustee
Kim SchruppTrustee
Laura ZieglerTrustee
Paul KramerTrustee
Randy KramerTrustee
Sheldon SteeleTrustee
Adam HustonTrustee - Past
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,174,213
Investment Income
$15,153
Other Revenue
$118
Change in Net Assets
$-209,709

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,160,341
Revenue Not Reported on Financial Statements
$29,143
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$29,143
Total Revenue per Audited Statements
$1,160,341
Total Revenue per Form 990
$1,189,484
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,179,368
Salaries, Compensation, and Employee Benefits$210,219
Grants and Similar Amounts Paid$9,606
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Advertising---$488,755
Payments to Affiliates---$271,896
Other Salaries and Wages---$121,424
Pension Plan Contributions---$60,894
Fees for Services Other---$37,419
Occupancy---$36,000
Depreciation Depletion---$26,156
Other Expenses---$22,442
Office Expenses---$21,657
Conferences and Meetings---$19,002
Other Employee Benefits---$18,409
Payroll Taxes---$9,492
Insurance---$9,484
Fees for Services Management---$9,464
Travel---$8,972
Grants to Domestic Individuals---$7,000
Fees for Services Accounting---$6,300
Fees for Services Legal---$3,812
Grants to Domestic Orgs---$2,606
Total Functional Expenses$0$0$0$1,399,193

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,399,193
Expenses per Audited Statements$1,370,050
Total Expenses per Audited Statements$1,370,050
Expenses Not Reported on Financial Statements$29,143
Other Expense Adjustments$29,143
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
Lease Liability$41,796
Payroll Withholdings Not Remitted at Year End$2,339
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
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 325, MENDOTA HEIGHTS, MN 55120

Signing Officer

Name
Rick Peper
Title
Co-chairman
Phone
6512561900
Signed
2023-09-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rick Peper
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 118. Safety incentive program contributions 29,025.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Legal fees recovery 118. Safety incentive program contributions 29,025.

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IRS990/OtherLiabilitiesGrp/EOYAmt044135
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0LEGAL FEES RECOVERY
IRS990/OtherRevenueMiscGrp/ExclusionAmt0118
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0118
IRS990/OtherRevenueTotalAmt0118
IRS990/OtherSalariesAndWagesGrp/TotalAmt0121424
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/TotalAmt0271896
IRS990/PayrollTaxesGrp/TotalAmt09492
IRS990/PensionPlanContributionsGrp/TotalAmt060894
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt04198
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt07211
IRS990/PrincipalOfficerNm0RICK PEPER
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0EMPLOYER CONTRIBUTIONS
IRS990/ProgramServiceRevenueGrp/Desc1SAFETY INCENTIVE PROGR
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01145188
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt129025
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01145188
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt129025
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt04000
IRS990/PYInvestmentIncomeAmt01342
IRS990/PYOtherExpensesAmt0907695
IRS990/PYOtherRevenueAmt0569
IRS990/PYProgramServiceRevenueAmt01299429
IRS990/PYRevenuesLessExpensesAmt0189175
IRS990/PYSalariesCompEmpBnftPaidAmt0200470
IRS990/PYTotalExpensesAmt01112165
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01301340
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-209709
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0933449
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0932475
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt0152788
IRS990ScheduleD/EquipmentGrp/DepreciationAmt038768
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0191556
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt029143
IRS990ScheduleD/ExpensesSubtotalAmt01370050
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherExpensesNotIncludedAmt029143
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02339
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt141796
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL WITHHOLDINGS NOT REMITTED AT YEAR END
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1LEASE LIABILITY
IRS990ScheduleD/OtherRevenuesNotIncludedAmt029143
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt029143
IRS990ScheduleD/RevenueSubtotalAmt01160341
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 118. SAFETY INCENTIVE PROGRAM CONTRIBUTIONS 29,025.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2LEGAL FEES RECOVERY 118. SAFETY INCENTIVE PROGRAM CONTRIBUTIONS 29,025.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0152788
IRS990ScheduleD/TotalExpensesPerForm990Amt01399193
IRS990ScheduleD/TotalLiabilityAmt044135
IRS990ScheduleD/TotalRevenuePerForm990Amt01189484
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01160341
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01370050
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/BaseCompensationFilingOrgAmt0121424
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt060894
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt018409
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0DWIGHT ENGEN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0MARKETING DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0200727
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/TotalAssetsBOYAmt01525272
IRS990/TotalAssetsEOYAmt01371148
IRS990/TotalAssetsGrp/BOYAmt01525272
IRS990/TotalAssetsGrp/EOYAmt01371148
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/TotalAmt01399193
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt033560
IRS990/TotalLiabilitiesEOYAmt089145
IRS990/TotalLiabilitiesGrp/BOYAmt033560
IRS990/TotalLiabilitiesGrp/EOYAmt089145
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01491712
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01282003
IRS990/TotalOtherCompensationAmt079303
IRS990/TotalProgramServiceRevenueAmt01174213
IRS990/TotalReportableCompFromOrgAmt0121424
IRS990/TotalRevenueGrp/ExclusionAmt015271
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01174213
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01189484
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01525272
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01371148
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt08972
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02520 PILOT KNOB ROAD 325
IRS990/USAddress/CityNm0MENDOTA HEIGHTS
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd055120
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0WWW.MNLECET.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0RICK PEPER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CO-CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum06512561900

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

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
2022Detailed filing. Detailed filing data is available for this year.$1.37$0.09$1.28$1.19$1.40$0.21
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
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