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← MINNESOTA TEAMSTERS JOINT COUNCIL NO 32 HEALTH AND WELFARE FUND

Form 990 for tax year 2025

Filed by MINNESOTA TEAMSTERS JOINT COUNCIL NO 32 HEALTH AND WELFARE FUND.

Totals

Total revenue
$532,800
Total expenses
$555,505
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$349,129
Investment income
$183,671
Other revenue
$0
Total assets, end of year
$2,347,880
Total liabilities, end of year
$194,195
Net assets or fund balances, end of year
$2,153,685
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 $334,825 · related or exempt $334,825

  • 2b · Program service revenue: RETIREE LIFE INSURANCE

    total $14,304 · related or exempt $14,304

  • 3 · Investment income

    total $145,130 · excluded $145,130

  • 7a · Gross sales of assets other than inventory

    securities $477,812

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

    securities $439,271

  • 7c · Gain or loss

    securities $38,541

  • 7d · Net gain or loss

    total $38,541 · excluded $38,541

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $480,958

  • 10 · Payroll taxes

    total $34,449

  • 11c · Fees: accounting

    total $15,000

  • 11f · Fees: investment management

    total $14,651

  • 11g · Fees: other

    total $7,205

  • 23 · Insurance

    total $3,242

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $132,986 · end of year $122,460

  • 4 · Accounts receivable

    beginning of year $29,251 · end of year $24,417

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,231 · end of year $2,879

  • 11 · Investments: publicly traded securities

    beginning of year $2,058,379 · end of year $2,198,124

  • 25 · Other liabilities

    beginning of year $291,547 · end of year $194,195

  • 29 · Capital stock, trust principal or current funds

    beginning of year $1,931,300 · end of year $2,153,685

  • 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 $0 · end of year $0

Mission and programs · 2025

Mission

TO PROVIDE SEVERANCE PAY AND SUPPLEMENTAL LIFE INSURANCE BENEFITS TO ELIGIBLE PARTICIPANTS.

Activities or mission (Part I)

PROVIDE SEVERANCE PAY AND SUPPLEMENTAL LIFE INSURANCE BENEFITS

  • PAYMENT OF SEVERANCE PAY AND SUPPLEMENTAL LIFE INSURANCE BENEFITS FOR ELIGIBLE PARTICIPANTS AND BENEFICIARIES AS PROVIDED BY THE SUMMARY PLAN DESCRIPTION.

As filed on the 2025 return.

Listed in Part VII

  • Tom Erickson

    PRESIDENT

    Total calculated
    $28,562
    From this org
    $0
    From related orgs
    $24,000
    Other
    $4,562
    Hours/week
    1 + 5 related
  • Zachary Radzak

    TRUSTEE

    Total calculated
    $12,000
    From this org
    $0
    From related orgs
    $12,000
    Other
    $0
    Hours/week
    1 + 5 related
  • Kristopher Knight

    TRUSTEE

    Total calculated
    $12,000
    From this org
    $0
    From related orgs
    $12,000
    Other
    $0
    Hours/week
    1 + 5 related
  • Brian Aldes

    SECRETARY-TREASURER

    Total calculated
    $28,740
    From this org
    $0
    From related orgs
    $24,036
    Other
    $4,704
    Hours/week
    1 + 5 related
  • Michael Debuck

    VICE PRESIDENT

    Total calculated
    $23,650
    From this org
    $0
    From related orgs
    $19,235
    Other
    $4,415
    Hours/week
    1 + 5 related
  • Jesse Case

    RECORDING SECRETARY

    Total calculated
    $13,800
    From this org
    $0
    From related orgs
    $13,800
    Other
    $0
    Hours/week
    1 + 5 related
  • Scott Lecy

    TRUSTEE

    Total calculated
    $12,000
    From this org
    $0
    From related orgs
    $12,000
    Other
    $0
    Hours/week
    1 + 5 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.

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.

Provenance

Return type
form_990
Tax year
2025
Filed
17 September 2026
IRS schema version
2025v4.2
Source object
202632609349301603

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