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← SOUTH CENTRAL MINNESOTA ELECTRICAL WORKERS INDUSTRY WELFARE PLAN

Form 990 for tax year 2023

Filed by SOUTH CENTRAL MINNESOTA ELECTRICAL WORKERS INDUSTRY WELFARE PLAN.

Totals

Total revenue
$21,656,471
Total expenses
$17,935,311
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$18,592,071
Investment income
$3,064,400
Other revenue
$0
Total assets, end of year
$75,158,458
Total liabilities, end of year
$861,069
Net assets or fund balances, end of year
$74,297,389
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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.

  • 2a · Program service revenue: EMPLOYER CONTRIBUTIONS

    total $16,356,508 · related or exempt $16,356,508

  • 2b · Program service revenue: PARTICIPANT AND RETIREE CONTRIBUT

    total $1,157,955 · related or exempt $1,157,955

  • 2c · Program service revenue: PRESCRIPTION DRUG REBATE

    total $779,546 · related or exempt $779,546

  • 2d · Program service revenue: CLAIM SETTLEMENTS

    total $298,062 · related or exempt $298,062

  • 3 · Investment income

    total $1,673,836 · excluded $1,673,836

  • 7a · Gross sales of assets other than inventory

    securities $19,632,500

  • 7b · Less cost or other basis and sales expenses

    securities $18,241,936

  • 7c · Gain or loss

    securities $1,390,564

  • 7d · Net gain or loss

    total $1,390,564 · excluded $1,390,564

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $17,494,921

  • 11a · Fees: management

    total $226,242

  • 11b · Fees: legal

    total $37,543

  • 11c · Fees: accounting

    total $25,423

  • 11f · Fees: investment management

    total $45,808

  • 11g · Fees: other

    total $55,383

  • 13 · Office expenses

    total $23,480

  • 17 · Travel

    total $4,410

  • 19 · Conferences, conventions and meetings

    total $1,425

  • 23 · Insurance

    total $18,196

  • 24a · Other expenses: ELEC RECIP TRANSFER SYS

    total $2,480

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,358,213 · end of year $2,435,612

  • 2 · Savings and temporary cash investments

    beginning of year $5,102,133 · end of year $5,324,869

  • 4 · Accounts receivable

    beginning of year $1,660,198 · end of year $1,956,053

  • 9 · Prepaid expenses and deferred charges

    beginning of year $70,469

  • 11 · Investments: publicly traded securities

    beginning of year $55,476,813 · end of year $65,374,314

  • 15 · Other assets

    beginning of year $51,412 · end of year $67,610

  • 17 · Accounts payable and accrued expenses

    beginning of year $19,082 · end of year $23,517

  • 19 · Deferred revenue

    beginning of year $63,063 · end of year $62,827

  • 25 · Other liabilities

    beginning of year $1,005,873 · end of year $774,725

  • 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 $64,631,220 · end of year $74,297,389

Mission and programs · 2023

Mission

TO PROVIDE HEALTH AND WELFARE BENEFITS

  • THE PLAN PROVIDES MEDICAL, DENTAL, PRESCRIPTION DRUG, DISABILITY AND DEATH BENEFITS FOR ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS OR BENEFICIARIES.

As filed on the 2023 return.

Listed in Part VII

  • Steven Cardell

    TRUSTEE

    Total calculated
    $188,237
    From this org
    $0
    From related orgs
    $137,954
    Other
    $50,283
    Hours/week
    0.45 + 54.3 related

    Schedule J breakdown matched by us

    Base
    $0 + $137,954 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $19,090 related
    Nontaxable benefits
    $0 + $31,193 related
    Filer's total
    $0 + $188,237 related

  • Steven Olson

    TRUSTEE

    Total calculated
    $157
    From this org
    $97
    From related orgs
    $60
    Other
    $0
    Hours/week
    0.45 + 0.3 related

  • Sean Sannes

    TRUSTEE

    Total calculated
    $21,108
    From this org
    $1,255
    From related orgs
    $14,685
    Other
    $5,168
    Hours/week
    0.45 + 4.3 related

  • Dean Hogstad

    TRUSTEE

    Total calculated
    $1,114
    From this org
    $1,114
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.45 + 1.3 related

  • Kristin Causby

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.45 + 2.3 related

  • Mark Draper

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.45 + 0.3 related

  • Don Hameister

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.45 + 0.3 related

  • Jason Tentis

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.45 + 0.3 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

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

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

No itemized grants to organizations 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.

  • SO CENTRAL MN ELECT WORKERS' VAC AND HOLIDAY PLAN

    501(C)(9) · PROVIDE VACATION AND HOLIDAY BENEFITS · MN

  • SO CENTRAL MN ELEC WKRS' RETIREMENT & 401(K) PLAN

    401(A) · PROVIDE RETIREMENT BENEFITS · MN

  • SO CENTRAL MN ELEC INDUST JOINT APPRENTICE FUND

    CONTRIBUTING EMPLOYER

  • IBEW LOCAL UNION NO 343

    CONTRIBUTING EMPLOYER

  • MN STATEWIDE LIMITED ENERGY APPRENTICE FUND

    CONTRIBUTING EMPLOYER

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • 4 SQUARE ELECTRIC LLC

    CONTRIBUTING EMPLOYER

  • AMERICAN ENERGY LLC

    CONTRIBUTING EMPLOYER

  • CARL'S ELECTRIC LLC

    CONTRIBUTING EMPLOYER

  • DEMAND ELECTRIC LLC

    CONTRIBUTING EMPLOYER

  • ERIC'S ELECTRIC MOTOR & REPAIR

    CONTRIBUTING EMPLOYER

  • HG ELECTRIC LLC

    CONTRIBUTING EMPLOYER

  • INSIGHT ELECTRIC LLC

    CONTRIBUTING EMPLOYER

  • KUNZ ELECTRIC LLC

    CONTRIBUTING EMPLOYER

  • MC CABE ELECTRIC LLC

    CONTRIBUTING EMPLOYER

  • MINNESOTA SIGNAL LLC

    CONTRIBUTING EMPLOYER

  • NEO ELECTRICAL SOLUTIONS

    CONTRIBUTING EMPLOYER

  • O'CONNOR ELECTRIC LLC

    CONTRIBUTING EMPLOYER

  • PEC SOLUTIONS LLC

    CONTRIBUTING EMPLOYER

  • RANDY'S ELECTRIC SERVICE LLC

    CONTRIBUTING EMPLOYER

  • THE STATE GROUP IND (USA) LTD

    CONTRIBUTING EMPLOYER

  • VOLT ELECTRIC LLC

    CONTRIBUTING EMPLOYER

  • SCOTT BINNER ELECTRIC LLC

    CONTRIBUTING EMPLOYER

Related corporations and trusts

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

  • ACCORD ELECTRIC INC

    CONTRIBUTING EMPLOYER

  • ADAIR ELECTRIC

    CONTRIBUTING EMPLOYER

  • ALBERT LEA ELECTRIC

    CONTRIBUTING EMPLOYER

  • ALL STATE COMMUNICATIONS INC

    CONTRIBUTING EMPLOYER

  • AUSTIN ELECTRIC INC

    CONTRIBUTING EMPLOYER

  • B & B ELECTRIC

    CONTRIBUTING EMPLOYER

  • BAUER - ELECTROTECH

    CONTRIBUTING EMPLOYER

  • BHI ENERGY SPECIALTY SERVICES

    CONTRIBUTING EMPLOYER

  • BLK ELECTRIC INC

    CONTRIBUTING EMPLOYER

  • BOWMAN ELECTRIC

    CONTRIBUTING EMPLOYER

  • COLLINS ELECTRICAL CONSTRUCTION CO

    CONTRIBUTING EMPLOYER

  • DELANE NELSON ELECTRIC

    CONTRIBUTING EMPLOYER

  • DJ'S HOMETOWN ELECTRIC

    CONTRIBUTING EMPLOYER

  • EGAN COMPANY

    CONTRIBUTING EMPLOYER

  • ERICKSON ELECTRIC COMPANY INC

    CONTRIBUTING EMPLOYER

  • ESI INC

    CONTRIBUTING EMPLOYER

  • FOX ELECTRIC

    CONTRIBUTING EMPLOYER

  • GRANITE LEDGE ELECTRICAL CONTRACTORS INC

    CONTRIBUTING EMPLOYER

  • HARRIS COMPANIES

    CONTRIBUTING EMPLOYER

  • HELM ELECTRIC INC

    CONTRIBUTING EMPLOYER

  • HICKS ELECTRIC

    CONTRIBUTING EMPLOYER

  • HUNT ELECTRIC

    CONTRIBUTING EMPLOYER

  • J T ELECTRIC SERVICE INC

    CONTRIBUTING EMPLOYER

  • J BECHER AND ASSOCIATES INC

    CONTRIBUTING EMPLOYER

  • KEY ELECTRIC AND AUTOMATION INC

    CONTRIBUTING EMPLOYER

  • KILLMER ELECTRIC

    CONTRIBUTING EMPLOYER

  • KISH & SONS ELECTRIC INC

    CONTRIBUTING EMPLOYER

  • M & R ELECTRIC

    CONTRIBUTING EMPLOYER

  • MASTER ELECTRIC

    CONTRIBUTING EMPLOYER

  • MCMARTIN ELECTRIC INC

    CONTRIBUTING EMPLOYER

  • MICHELS POWER INC

    CONTRIBUTING EMPLOYER

  • MIDWEST AG ELECTRIC INC

    CONTRIBUTING EMPLOYER

  • MORSE ELECTRIC INC

    CONTRIBUTING EMPLOYER

  • MUNSON ELECTRIC INC

    CONTRIBUTING EMPLOYER

  • MUSKA ELECTRIC COMPANY

    CONTRIBUTING EMPLOYER

  • NEI ELECTRIC INC

    CONTRIBUTING EMPLOYER

  • P & T ELECTRIC INC

    CONTRIBUTING EMPLOYER

  • PAAPE ENERGY SERVICES

    CONTRIBUTING EMPLOYER

  • PAUL'S ELECTRIC INC

    CONTRIBUTING EMPLOYER

  • PAYNECREST ELECTRIC INC

    CONTRIBUTING EMPLOYER

  • PCI ENERGY SERVICES INC

    CONTRIBUTING EMPLOYER

  • PREMIER ELECTRICAL CORP

    CONTRIBUTING EMPLOYER

  • RIVER CITY ELECTRIC CO

    CONTRIBUTING EMPLOYER

  • ROCK RIVER ELECTRIC INC

    CONTRIBUTING EMPLOYER

  • SCHAMMEL ELECTRIC INC

    CONTRIBUTING EMPLOYER

  • THOMPSON ELECTRIC COMPANY

    CONTRIBUTING EMPLOYER

  • THOMPSON SOLUTIONS GROUP INC

    CONTRIBUTING EMPLOYER

  • TOM PARKER ELECTRIC

    CONTRIBUTING EMPLOYER

  • TRI-CITY ELECTRIC INC

    CONTRIBUTING EMPLOYER

  • VAN ERT ELECTRIC

    CONTRIBUTING EMPLOYER

  • VIKING ELECTRIC INC

    CONTRIBUTING EMPLOYER

  • WINKELS ELECTRIC

    CONTRIBUTING EMPLOYER

Provenance

Return type
form_990
Tax year
2023
Filed
14 May 2025
IRS schema version
2023v6.0
Source object
202511349349303161

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