Civic Intelligence

Twin City Floor Covering Labor-Management Cooperation Fund

990 • Fiscal year 2016 • EIN 52-2392892

Aug 01, 2015 to Jul 31, 2016 • Filed on Mar 02, 2017

3001 Metro Drive No 500Bloomington, MN 55425

(952) 854-0795

Siviq Scores

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

Liabilities / Assets

46th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2016 filings • 501(c)6 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

46th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2016 filings • 501(c)6 • <$500k nonprofits • Source year 2016

Net Margin

98th percentile

68%

Higher net margin than 98% of similar nonprofits.

2016 filings • 501(c)6 • <$500k nonprofits • Source year 2016

Top Officer Pay

97th percentile

$111,950

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 166.2% of source-year revenue.

2016 filings • 501(c)6 • <$500k nonprofits • Source year 2016

Asset Growth

76th percentile

19%

Faster asset growth than 76% of similar nonprofits.

2016 filings • 501(c)6 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

73rd percentile

13%

Faster revenue growth than 73% of similar nonprofits.

2016 filings • 501(c)6 • <$500k nonprofits • Annualized from 2015 to 2016

Assets

Up

$289,126

Up $45,878 (+19%) from 2015

Net Assets

Up

$289,126

Up $45,878 (+19%) from 2015

Liabilities

Flat

$0

Flat from 2015

Revenue

Up

$67,361

Up $7,949 (+13%) from 2015

Expenses

Up

$21,483

Up $6,999 (+48%) from 2015

Net Income

Up

$45,878

Up $950 (+2.1%) from 2015

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2011: $150,695Liabilities 2011: $729Net Assets 2011: $149,9662011Assets 2012: $138,780Liabilities 2012: $975Net Assets 2012: $137,8052012Assets 2013: $162,196Liabilities 2013: $525Net Assets 2013: $161,6712013Assets 2014: $198,320Liabilities 2014: $0Net Assets 2014: $198,3202014Assets 2015: $243,248Liabilities 2015: $0Net Assets 2015: $243,2482015Assets 2016: $289,126Liabilities 2016: $0Net Assets 2016: $289,1262016Assets 2017: $316,780Liabilities 2017: $0Net Assets 2017: $316,7802017Assets 2018: $344,355Liabilities 2018: $14,849Net Assets 2018: $329,5062018Assets 2019: $356,441Liabilities 2019: $28,827Net Assets 2019: $327,6142019Assets 2020: $361,305Liabilities 2020: $41,532Net Assets 2020: $319,7732020Assets 2021: $344,281Liabilities 2021: $19,708Net Assets 2021: $324,5732021Assets 2022: $354,690Liabilities 2022: $42,210Net Assets 2022: $312,4802022Assets 2023: $298,662Liabilities 2023: $27,682Net Assets 2023: $270,9802023Assets 2024: $280,713Liabilities 2024: $11,657Net Assets 2024: $269,0562024Assets 2025: $274,133Liabilities 2025: $23,377Net Assets 2025: $250,7562025

Highlighted filing

2016

Assets$289,126
Liabilities$0
Net Assets$289,126

Operations Trend

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

$150K$100K$50K$0-$50KExpenses 2011: $46,3662011Expenses 2012: $61,8472012Expenses 2013: $29,3732013Revenue 2014: $59,854Expenses 2014: $23,205Net Income 2014: $36,6492014Revenue 2015: $59,412Expenses 2015: $14,484Net Income 2015: $44,9282015Revenue 2016: $67,361Expenses 2016: $21,483Net Income 2016: $45,8782016Revenue 2017: $68,561Expenses 2017: $40,907Net Income 2017: $27,6542017Revenue 2018: $72,180Expenses 2018: $59,454Net Income 2018: $12,7262018Revenue 2019: $72,400Expenses 2019: $74,292Net Income 2019: -$1,8922019Revenue 2020: $71,397Expenses 2020: $79,238Net Income 2020: -$7,8412020Revenue 2021: $58,696Expenses 2021: $53,896Net Income 2021: $4,8002021Revenue 2022: $70,548Expenses 2022: $82,641Net Income 2022: -$12,0932022Revenue 2023: $61,896Expenses 2023: $103,396Net Income 2023: -$41,5002023Revenue 2024: $63,030Expenses 2024: $64,954Net Income 2024: -$1,9242024Revenue 2025: $68,325Expenses 2025: $86,625Net Income 2025: -$18,3002025

Highlighted filing

2016

Revenue$67,361
Expenses$21,483
Net Income$45,878
Jump To
Filing Snapshot
Filing Period
Aug 1, 2015 to Jul 31, 2016
Signed
Mar 2, 2017
Return Version
2015v3.0
Gross Receipts
$67,361
Mission and Program Overview

Mission

Promotion of floor covering industry.

Promotion of floor covering industry

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$243,248$289,126▲ $45,878
Cash and Non-Interest-Bearing Accounts$236,248$275,504▲ $39,256
Accounts Receivable$7,000$13,622▲ $6,622
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$243,248$289,126▲ $45,878
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$243,248$289,126▲ $45,878
Total Liabilities and Net Assets / Fund Balance$243,248$289,126▲ $45,878
Compensation and Service Providers

Employees

NameTitleOtherTotal
Chris FavreauUnion Trustee/alternate$111,950$111,950

Board Members and Trustees

NameTitle
Rick BattisEmployer Trustee/chairman
John NesseEmployer Trustee
Mark CochranEmployer Trustee
Matt MarquisEmployer Trustee/alternate
Chad ScherrUnion Trustee
Jeffrey MillerUnion Trustee
John RainesUnion Trustee/secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$67,183
Investment Income
$178
Other Revenue
$0
Change in Net Assets
$45,878

Audited Revenue Reconciliation

Revenue per Audited Statements
$67,361
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$67,361
Total Revenue per Form 990
$67,361
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$21,483
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
Advertising---$13,105
Fees for Services Accounting---$7,250
Conferences and Meetings---$354
Office Expenses---$227
Other Expenses---$100
Fees for Services Legal---$28
Total Functional Expenses$0$0$0$21,483

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$21,483
Total Expenses per Audited Statements$21,483
Total Expenses per Form 990$21,483
Expenses Not Reported on Financial Statements$0
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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, Part VI, Section A, Line 7A

The board is made up of three union and three contractor representatives. These representatives are appointed by the local union 68 and the twin city floor coverers employers association, respectively.

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

The organization does not have any committees that have the authority to act on behalf of the governing body.

Form 990, Part VI, Section B, Line 11

The form 990 is reviewed by the full board and the administrator in conjunction with the review of the fund's annual audit.

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

Trustees have an obligation to conduct business within guidelines that prohibit actual or potential conflicts of interest. An actual conflict of interest occurs at the trustee level, and conflicts and potential conflicts are reviewed by the chairman, secretary, and fund counsel. If conflict occurs, safeguards are implemented to protect all parties. A report of all steps taken to resolve the conflict will be prepared and presented to the entire board of trustees, and then maintained in the appropriate fund permanent files.

Form 990, Part VI, Section C, Line 19

These documents are not made available to the public.

Filing and Contact Details

Filer

Filer Name
Twin City Floor Covering
EIN
52-2392892
Phone
9528540795
Address
3001 METRO DRIVE NO 500, BLOOMINGTON, MN 55425

Signing Officer

Name
Rick Battis
Title
Chairman
Phone
9528540795
Signed
2017-03-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rick Battis
Formed
2004
Legal Domicile
Mn
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
8

Preparer

Firm
Cliftonlarsonallen Llp
Address
220 SOUTH SIXTH STREET SUITE 300, MINNEAPOLIS, MN 55402
Preparer
Stacy Meyer
Phone
6123764500
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The fund obtained its latest determination letter on march 7, 2006, in which the internal revenue service (irs) stated that the fund, as designed is qualified under section 501(c)(6) of the internal revenue code and, accordingly, the trust's net income is exempt from income taxes. Accounting principles generally accepted in the united states of america require fund management to evaluate tax positions taken by the fund and recognize a tax liability (or asset) if the fund has taken an uncertain position that more likely than not would not be sustained upon examination by the irs. The fund is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.

Raw XML Appendix352 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/AccountsReceivableGrp/BOYAmt07000
IRS990/AccountsReceivableGrp/EOYAmt013622
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0PROMOTION OF FLOOR COVERING INDUSTRY
IRS990/AdvertisingGrp/TotalAmt013105
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0WILSON-MCSHANE CORPORATION
IRS990/BooksInCareOfDetail/PhoneNum09528540795
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt03001 METRO DRIVE STE 500
IRS990/BooksInCareOfDetail/USAddress/CityNm0BLOOMINGTON
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MN
IRS990/BooksInCareOfDetail/USAddress/ZIPCd055425
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt00
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt00
IRS990/CashNonInterestBearingGrp/BOYAmt0236248
IRS990/CashNonInterestBearingGrp/EOYAmt0275504
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConferencesMeetingsGrp/TotalAmt0354
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0178
IRS990/CYOtherExpensesAmt021483
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt067183
IRS990/CYRevenuesLessExpensesAmt045878
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt021483
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt067361
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0EXPANDS AND IMPROVES RELATIONSHIPS BETWEEN WORKERS, MANAGERS, AND THE GENERAL PUBLIC.
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt00
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/TotalAmt07250
IRS990/FeesForServicesLegalGrp/TotalAmt028
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt02.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt345.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt42.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt52.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt62.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt72.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
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/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt325917
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/PersonNm0RICK BATTIS
IRS990/Form990PartVIISectionAGrp/PersonNm1JOHN RAINES
IRS990/Form990PartVIISectionAGrp/PersonNm2MARK COCHRAN
IRS990/Form990PartVIISectionAGrp/PersonNm3CHRIS FAVREAU
IRS990/Form990PartVIISectionAGrp/PersonNm4MATT MARQUIS
IRS990/Form990PartVIISectionAGrp/PersonNm5JEFFREY MILLER
IRS990/Form990PartVIISectionAGrp/PersonNm6JOHN NESSE
IRS990/Form990PartVIISectionAGrp/PersonNm7CHAD SCHERR
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt386033
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/TitleTxt0EMPLOYER TRUSTEE/CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1UNION TRUSTEE/SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2EMPLOYER TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt3UNION TRUSTEE/ALTERNATE
IRS990/Form990PartVIISectionAGrp/TitleTxt4EMPLOYER TRUSTEE/ALTERNATE
IRS990/Form990PartVIISectionAGrp/TitleTxt5UNION TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6EMPLOYER TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7UNION TRUSTEE
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02004
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt06
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt067361
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt06
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt0178
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0178
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt02
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0MN
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0PROMOTION OF FLOOR COVERING INDUSTRY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0243248
IRS990/NetAssetsOrFundBalancesEOYAmt0289126
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/TotalAmt0227
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0MISCELLANEOUS EXPENSE
IRS990/OtherExpensesGrp/Desc1ADMINISTRATIVE FEES
IRS990/OtherExpensesGrp/TotalAmt0419
IRS990/OtherExpensesGrp/TotalAmt1100
IRS990/PartialLiquidationInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0RICK BATTIS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0EMPLOYER CONTRIBUTIONS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt067183
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt067183
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0171
IRS990/PYOtherExpensesAmt014484
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt059241
IRS990/PYRevenuesLessExpensesAmt044928
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt014484
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt059412
IRS990/ReconcilationRevenueExpnssAmt045878
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0243248
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0289126
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt021483
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt067361
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FUND OBTAINED ITS LATEST DETERMINATION LETTER ON MARCH 7, 2006, IN WHICH THE INTERNAL REVENUE SERVICE (IRS) STATED THAT THE FUND, AS DESIGNED IS QUALIFIED UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE AND, ACCORDINGLY, THE TRUST'S NET INCOME IS EXEMPT FROM INCOME TAXES. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE FUND MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE FUND AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE FUND HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS. THE FUND IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt021483
IRS990ScheduleD/TotalRevenuePerForm990Amt067361
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt067361
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt021483
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD IS MADE UP OF THREE UNION AND THREE CONTRACTOR REPRESENTATIVES. THESE REPRESENTATIVES ARE APPOINTED BY THE LOCAL UNION 68 AND THE TWIN CITY FLOOR COVERERS EMPLOYERS ASSOCIATION, RESPECTIVELY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES THAT HAVE THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 IS REVIEWED BY THE FULL BOARD AND THE ADMINISTRATOR IN CONJUNCTION WITH THE REVIEW OF THE FUND'S ANNUAL AUDIT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3TRUSTEES HAVE AN OBLIGATION TO CONDUCT BUSINESS WITHIN GUIDELINES THAT PROHIBIT ACTUAL OR POTENTIAL CONFLICTS OF INTEREST. AN ACTUAL CONFLICT OF INTEREST OCCURS AT THE TRUSTEE LEVEL, AND CONFLICTS AND POTENTIAL CONFLICTS ARE REVIEWED BY THE CHAIRMAN, SECRETARY, AND FUND COUNSEL. IF CONFLICT OCCURS, SAFEGUARDS ARE IMPLEMENTED TO PROTECT ALL PARTIES. A REPORT OF ALL STEPS TAKEN TO RESOLVE THE CONFLICT WILL BE PREPARED AND PRESENTED TO THE ENTIRE BOARD OF TRUSTEES, AND THEN MAINTAINED IN THE APPROPRIATE FUND PERMANENT FILES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THESE DOCUMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0TWIN CITY FLOOR COVERING INDUSTRY PENSION FUND
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1TWIN CITY FLOOR COVERING INDUSTRY FRINGE BENEFITS FUND
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0416145862
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1410968646
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0401A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(C)(9)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1MN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0TO PROVIDE RETIREMENT BENEFITS TO UNION MEMBERS.
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1TO PROVIDE AN APPRENTICESHIP PROGRAM.
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt03001 METRO DRIVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt13001 METRO DRIVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0BLOOMINGTON
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1BLOOMINGTON
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0MN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1MN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd055425
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd155425
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd01
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0243248
IRS990/TotalAssetsEOYAmt0289126
IRS990/TotalAssetsGrp/BOYAmt0243248
IRS990/TotalAssetsGrp/EOYAmt0289126
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt021483
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0243248
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0289126
IRS990/TotalOtherCompensationAmt025917
IRS990/TotalProgramServiceRevenueAmt067183
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0178
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt067183
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt067361
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt08
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0243248
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0289126
IRS990/TotReportableCompRltdOrgAmt086033
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03001 METRO DRIVE NO 500
IRS990/USAddress/CityNm0BLOOMINGTON
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd055425
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0RICK BATTIS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum09528540795
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-03-02
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0TWIN CITY FLOOR COVERING
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0LABOR-MANAGEMENT COOPERATION FUND
ReturnHeader/Filer/BusinessNameControlTxt0TWIN
ReturnHeader/Filer/EIN0522392892
ReturnHeader/Filer/PhoneNum09528540795
ReturnHeader/Filer/USAddress/AddressLine1Txt03001 METRO DRIVE NO 500
ReturnHeader/Filer/USAddress/CityNm0BLOOMINGTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055425
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0410746749
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CLIFTONLARSONALLEN LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0220 SOUTH SIXTH STREET SUITE 300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MINNEAPOLIS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd055402
ReturnHeader/PreparerPersonGrp/PhoneNum06123764500
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0STACY MEYER
ReturnHeader/ReturnTs02017-03-06T09:15:06-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-08-01
ReturnHeader/TaxPeriodEndDt02016-07-31
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.74$0.23$2.51$0.68$0.87$0.18
2024Detailed filing. Detailed filing data is available for this year.$2.81$0.12$2.69$0.63$0.65$0.02
2023Detailed filing. Detailed filing data is available for this year.$2.99$0.28$2.71$0.62$1.03$0.42
2022Detailed filing. Detailed filing data is available for this year.$3.55$0.42$3.12$0.71$0.83$0.12
2021Detailed filing. Detailed filing data is available for this year.$3.44$0.20$3.25$0.59$0.54$0.05
2020Detailed filing. Detailed filing data is available for this year.$3.61$0.42$3.20$0.71$0.79$0.08
2019Detailed filing. Detailed filing data is available for this year.$3.56$0.29$3.28$0.72$0.74$0.02
2018Detailed filing. Detailed filing data is available for this year.$3.44$0.15$3.30$0.72$0.59$0.13
2017Detailed filing. Detailed filing data is available for this year.$3.17$0.00$3.17$0.69$0.41$0.28
2016Detailed filing. Detailed filing data is available for this year.$2.89$0.00$2.89$0.67$0.21$0.46
2015Detailed filing. Detailed filing data is available for this year.$2.43$0.00$2.43$0.59$0.14$0.45
2014Detailed filing. Detailed filing data is available for this year.$1.98$0.00$1.98$0.60$0.23$0.37
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.62$0.01$1.62$0.29
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.39$0.01$1.38$0.62
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.51$0.01$1.50$0.46