Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: Insurance Premiums fro

  total $3,427,607 · related or exempt $3,427,607

• 3 · Investment income

  total $12,173 · unrelated business $12,173

Functional expenses

Part IX, the statement of functional expenses.

• 4 · Benefits paid to or for members

  total $1,853,276

• 7 · Other salaries and wages

  total $278,330

• 8 · Pension plan contributions

  total $18,779

• 9 · Other employee benefits

  total $46,822

• 10 · Payroll taxes

  total $18,543

• 11c · Fees: accounting

  total $19,011

• 11g · Fees: other

  total $421

• 12 · Advertising and promotion

  total $485

• 13 · Office expenses

  total $1,260

• 14 · Information technology

  total $42,746

• 16 · Occupancy

  total $20,593

• 19 · Conferences, conventions and meetings

  total $1,097

• 22 · Depreciation, depletion and amortization

  total $2,565

• 23 · Insurance

  total $3,681

• 24a · Other expenses: Insurance Premiums

  total $1,219,785

• 24b · Other expenses: Dental ASO Fee

  total $126,239

• 24c · Other expenses: Dues & Subscriptions

  total $213

• 24e · All other expenses

  total $1,592

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $747,593 · end of year $570,024

• 2 · Savings and temporary cash investments

  beginning of year $1,250,891 · end of year $1,261,398

• 4 · Accounts receivable

  beginning of year $235 · end of year $16,508

• 10a · Land, buildings and equipment: cost or other basis

  $24,795

• 10b · Land, buildings and equipment: accumulated depreciation

  $24,795

• 10c · Land, buildings and equipment, net

  beginning of year $0 · end of year $0

• 15 · Other assets

  beginning of year $881

• 17 · Accounts payable and accrued expenses

  beginning of year $27,157 · end of year $27,723

• 25 · Other liabilities

  beginning of year $126,918 · end of year $190,340

• 29 · Capital stock, trust principal or current funds

  beginning of year $0 · end of year $0

• 30 · Paid-in or capital surplus, or land, building or equipment fund

  beginning of year $0 · end of year $0

• 31 · Retained earnings, endowment or other funds

  beginning of year $1,845,525 · end of year $1,629,867

The filer's explanations (Part III)

Form 990, Schedule J, Line 3:

The officer compensation is paid by a related organization, Minnesota Bankers Association. The Trust relies on that organization to use some of the methods identified in Line 3 of Schedule J.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• Adrian State Bank Adrian

• Arlington State Bank Arlington

• American State Bank Grygla

• Bank of Maple Plain Maple Plain

• Bank of Zumbrota Zumbrota

• Bankwest Rockford

• Border Bank Greenbush

• Bridgewater Bank St Louis Park

• Cambridge State Bank Cambridge

• Citizen State Bank Caledonia

• Citizens Bank Minnesota New Ulm

• Citizens National Bank Park Rapids

• Citizens State Bank NYA NYA

• Citizens State Bank of Roseau Roseau

• Citizens State Bank Hayfield

• Citizens State Bank of Waverly

• Community Bank Owatonna Owatonna

• Community First Bank Menahga

• Concorde Bank Blomkest

• Cornerstone State Bank Le Sueur

• Corp Saint Cloud

• Crown Bank Edina

• Currie State Bank Currie

• Deerwood Bank Deerwood

• Drake Bank St Paul

• Eagle Bank Glenwood

• Elysian Bank Elysian

• F&M Bank Minnesota Clarkfield

• FM Bank Granite Falls

• F&M Community Bank NA Preston

• Farmers & Merchants State Bank Alpha

• Farmers & Merchants State Bank Appleton

• Farmers & Merchants State Bank New York Mills

• Farmers & Merchants State Bank Pierz

• Farmers & Merchants State Bank Springfield

• Farmers State Bank Hoffman

• Farmers State Bank of Trimont Trimont

• Farmers State Bank of Underwood Underwood

• First Bank Blue Earth Blue Earth

• First Financial Bank in Winnebago Winnebago

• First Independent Bank Russell

• First National Agency Fosston

• First National Bank Minnesota Saint Peter

• First National Bank North Walker

• First National Bank Bemidji

• First National Bank Cokato

• First National Bank Coleraine

• First National Bank Fairfax

• First National Bank Le Center

• First National Bank McIntosh

• First National Bank Milaca

• First National Bank Moose Lake

• First National Bank Mountain Iron

• First National Bank Proctor

• First National Bank Waseca

• First National Financial Services Elk River

• First Security Bank Byron

• First Southeast Bank Harmony

• First State Bank Bigfork

• First State Bank Blue Earth Blue Earth

• First State Bank Fountain

• First State Bank Le Center

• First State Bank of Wyoming Wyoming

• Flagship Bank Wayzata

• Franklin State Bank Franklin

• Freeport State Bank Freeport

• Frost State Bank Frost

• Gary State Bank Gary

• Global Innovations Bank Kiester

• Grand Timber Bank McGregor

• Grante Falls Bank Granite Falls

• Grove Bank Grove City

• Heritage Bank Willmar

• Home Federal Savings Bank Rochester

• Home State Bank Willmar

• Hometown Bank Redwood Falls

• Integrity Bank Plus Wabasso

• Janesville State Bank Janesville

• Keen Bank Waseca

• Key Community Bank Heights

• Lake Central Bank Annandale

• Lake Community Bank Long Lake

• Lake Country Community Bank Morristown

• Lake Elmo Bank Lake Elmo

• Lake Region Bank New London

• Lakeview Bank Lakeville

• Marshall County State Bank Newfolden

• Midwest Bank Detroit Lakes

• Minnesota Bankers Association Eden Prairie

• Minnesota Business Finance Corp Saint Cloud

• Minnesota First Credit & Savings Rochester

• Minnesota National Agency Sauk Centre

• Minnesota National Bank Sauk Centre

• Minnstar Bank NA Lake Crystal

• Northern State Bank Gonvick

• Northern State Bank Thief River Falls

• Northview Bank Finlayson

• Odin State Bank Odin

• ONB Bank Rochester

• Peoples State Bank Plainview

• Peoples State Bank of Wells Wells

• Perennial Bank Darwin

• Pine Island Bank Pine Island

• Pine River State Bank Pine River

• Pioneer Bank Saint James

• Premier Bank Maplewood

• Prime Security Bank Karlstad

• Prinsbank Prinsburg

• Produce State Bank Hollandale

• Profinium Inc Fairmont

• Reliance Bank Fairbault

• Root River State Bank Chatfield

• Saint Clair State Bank Saint Clair

• Security Bank & Trust Company Glencoe

• Security Bank Minnesota Albert Lea

• Security State Bank of Aitkin Aitkin

• Security State Bank of Marine Croix

• Security State Bank USA Bemidji

• Security State Bank Fergus Falls

• Security State Bank Hibbing

• Security State Bank Kenyon

• Security State Bank Oklee

• Security State Bank Wanamingo

• Security State Bank Warroad

• Sentry Bank Saint Joseph

• Sherburne State Bank Becker

• State Bank of Bellingham Bellingham

• State Bank of Ceylon Ceylon

• State Bank of Chandler Chandler

• State Bank of Danvers Benson

• State Bank of New Richland New Richland

• State Bank of Taunton Taunton

• State Bank of Wheaton Wheaton

• Sterling State Bank Austin

• Sunrise Banks Saint Paul

• The Banker of Elk River Elk River

• The State Bank of Fairbault Faribault

• Triumph State Bank Trimont

• Umacha Brooklyn Park

• United Community Bank Perham

• United Farmers State Bank Adams

• United Minnesota Bank New London

• United Prairie Bank Mountain Lake

• United Southwest Bank Cottonwood

• Unity Bank Rush City

• Valley Premier Bank Hawley

• Vantage Bank Kent

• Vergas State Bank Vergas

• Vermillion State Bank Vermillion

• Wadena State Bank Wadena

• Wanda State Bank Wanda

• Welcome State Bank Welcome

• Worthington Federal Savings Bank