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Nonprofiteer
← MINNESOTA TRUCKING ASSOCIATION FOUNDATION

Form 990 for tax year 2022

Filed by MINNESOTA TRUCKING ASSOCIATION FOUNDATION.

Totals

Total revenue
$103,488
Total expenses
$132,046
Contributions and grants received
$100,201
Grants paid
$52,750
Program service revenue
$0
Investment income
$3,287
Other revenue
$0
Total assets, end of year
$132,875
Total liabilities, end of year
$3,832
Net assets or fund balances, end of year
$129,043
Program services expenses (Part IX)
$129,056
Management and general expenses
$2,990
Fundraising expenses
$0
Program service expenses (Part III)
$129,056

Program services were 97.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $100,201

  • 3 · Investment income

    total $3,287 · excluded $3,287

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $52,750 · program services $52,750

  • 11a · Fees: management

    total $3,515 · program services $3,515

  • 11c · Fees: accounting

    total $1,730 · management and general $1,730

  • 11g · Fees: other

    total $72,867 · program services $72,791 · management and general $76

  • 13 · Office expenses

    total $591 · management and general $591

  • 14 · Information technology

    total $205 · management and general $205

  • 17 · Travel

    total $167 · management and general $167

  • 19 · Conferences, conventions and meetings

    total $171 · management and general $171

  • 24a · Other expenses: Credit card fees

    total $50 · management and general $50

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $500

  • 2 · Savings and temporary cash investments

    beginning of year $158,621 · end of year $127,875

  • 4 · Accounts receivable

    end of year $5,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,520 · end of year $3,832

  • 27 · Net assets without donor restrictions

    beginning of year $108,895 · end of year $114,543

  • 28 · Net assets with donor restrictions

    beginning of year $48,706 · end of year $14,500

Mission and programs · 2022

Mission

The Minnesota Trucking Association Foundation (MTAF) mission is to advance education, research, and knowledge about the trucking industry in order to foster industry and public support of the Minnesota trucking industry, to reduce crashes involving trucks, to drive industry adoption of efficiencies & innovations, and to develop an abundant, skilled, and inclusive trucking industry workforce in Minnesota.

  • To provide scholarships to individuals and educational institutions for students who are studying to be truck drivers, diesel mechanics, or otherwise work in the trucking industry.

    Expenses $52,750 · Grants $52,750 · Revenue $100,201

  • To advance knowledge of the trucking industry, to foster public support, and to develop an abundant, skilled, and inclusive trucking industry workforce in Minnesota.

    Expenses $76,306

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Neil Fandel

    Director

    Total calculated
    $0
    Hours/week
    0.1

  • Katherine Jaeger

    Director

    Total calculated
    $0
    Hours/week
    0.1

  • Robert Nuss

    Director

    Total calculated
    $0
    Hours/week
    0.1

  • James Wesslund

    Director

    Total calculated
    $0
    Hours/week
    0.75

  • Kristi Olson

    Secretary

    Total calculated
    $0
    Hours/week
    0.1

  • Andrew Bollman

    Treasurer

    Total calculated
    $0
    Hours/week
    0.1

  • Brent Bois

    Past Chair

    Total calculated
    $0
    Hours/week
    0.1

  • Carole Clark Isakson

    Chair

    Total calculated
    $0
    Hours/week
    0.1

  • John Hausladen

    President

    Total calculated
    $580,685
    From this org
    $0
    From related orgs
    $566,685
    Other
    $14,000
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $525,833 related
    Bonus
    $0 + $22,250 related
    Other
    $0 + $18,602 related
    Deferred
    $0 + $14,000 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $580,685 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Part I, Line 4b
John Hausladen received payment from nonqualified retirement plan totaling $352,870.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
9 April 2024
IRS schema version
2022v5.0
Source object
202411109349300911

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