Form 990 for tax year 2024
Filed by MINNEAPOLIS AUTOMOBILE DEALERS EMPLOYEES BENEFIT FUND.
Totals
- Total revenue
- $14,185,353
- Total expenses
- $15,552,792
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $13,968,820
- Investment income
- $216,533
- Other revenue
- $0
- Total assets, end of year
- $7,122,537
- Total liabilities, end of year
- $9,952
- Net assets or fund balances, end of year
- $7,112,585
- 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 $8,887,063 · related or exempt $8,887,063
-
2b · Program service revenue: PARTICIPANT CONTRIBUTIONS
total $3,744,526 · related or exempt $3,744,526
-
2c · Program service revenue: PRESCRIPTION DRUG REBATES
total $1,318,361 · related or exempt $1,318,361
-
2d · Program service revenue: SUBROGATION SETTLEMENTS
total $18,870 · related or exempt $18,870
-
3 · Investment income
total $266,563 · excluded $266,563
-
7a · Gross sales of assets other than inventory
securities $1,499,985
-
7b · Less cost or other basis and sales expenses
securities $1,550,015
-
7c · Gain or loss
securities -$50,030
-
7d · Net gain or loss
total -$50,030 · excluded -$50,030
Functional expenses
Part IX, the statement of functional expenses.
-
4 · Benefits paid to or for members
total $15,321,663
-
11a · Fees: management
total $133,429
-
11b · Fees: legal
total $39,253
-
11c · Fees: accounting
total $20,043
-
11g · Fees: other
total $9,975
-
13 · Office expenses
total $5,821
-
23 · Insurance
total $16,668
-
24a · Other expenses: FEES MANDATED BY ACA
total $4,415
-
24b · Other expenses: MEMBERSHIP DUES
total $1,525
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,292,092 · end of year $912,445
-
4 · Accounts receivable
beginning of year $530,281 · end of year $826,459
-
9 · Prepaid expenses and deferred charges
beginning of year $12,334 · end of year $14,528
-
11 · Investments: publicly traded securities
beginning of year $6,479,905 · end of year $5,369,105
-
17 · Accounts payable and accrued expenses
beginning of year $7,240 · end of year $9,952
-
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 $8,307,372 · end of year $7,112,585
Mission and programs · 2024
Mission
TO PROVIDE HEALTH BENEFITS
-
THE PLAN PROVIDES MEDICAL, PRESCRIPTION DRUG, DENTAL, DISABILITY, LIFE INSURANCE AND ACCIDENTAL DEATH AND DISMEMBERMENT BENEFITS FOR ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS. IN ADDITION, THE PLAN PROVIDES CERTAIN HEALTH CARE BENEFITS TO ELIGIBLE RETIRED PARTICIPANTS WHO MAKE CONTRIBUTIONS TO THE PLAN.
As filed on the 2024 return.
Listed in Part VII
-
Paul McCullenPAUL MCCULLEN
TRUSTEE
- Total calculated
- $151,159
- From this org
- $0
- From related orgs
- $121,826
- Other
- $29,333
- Hours/week
- 0.5 + 45 related
Schedule J breakdown matched by us
- Base
- $0 + $121,826 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $17,888 related
- Nontaxable benefits
- $0 + $11,445 related
- Filer's total
- $0 + $151,159 related
-
Danielle WylieDANIELLE WYLIE
TRUSTEE
- Total calculated
- $118,394
- From this org
- $0
- From related orgs
- $84,188
- Other
- $34,206
- Hours/week
- 0.5 + 40 related
-
Kurt BensonKURT BENSON
TRUSTEE
- Total calculated
- $132,104
- From this org
- $0
- From related orgs
- $102,815
- Other
- $29,289
- Hours/week
- 0.5 + 45 related
-
Pat SutterPAT SUTTER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Mark Morcomb - PastMARK MORCOMB - PAST
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Scott LambertSCOTT LAMBERT
TRUSTEE - ALTERNATIVE
- Total calculated
- $0
- Hours/week
- 0.5
-
Michael RoederMICHAEL ROEDER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Andy GadientANDY GADIENT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
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.
-
GARAGE MAINTENANCE MACHINE WAREHOUSEMEN REPAIRMEN LOCAL UNION NO 974
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.
-
WALSER AUTOMOTIVE GROUP
CONTRIBUTING EMPLOYER
-
FREEWAY FORD LLC
CONTRIBUTING EMPLOYER
-
SUPERIOR BROOKDALE FORD LLC
CONTRIBUTING EMPLOYER
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
APPLE FORD OF SHAKOPEE
CONTRIBUTING EMPLOYER
-
BORTON VOLVO
CONTRIBUTING EMPLOYER
-
BOYER TRUCKS
CONTRIBUTING EMPLOYER
-
DODGE OF BURNSVILLE
CONTRIBUTING EMPLOYER
-
KEY CADILLAC INC
CONTRIBUTING EMPLOYER
-
LENZEN CHEVROLET-BUICK INC
CONTRIBUTING EMPLOYER
-
LINCOLN OF BLOOMINGTON
CONTRIBUTING EMPLOYER
-
LITHIA MOTORS GROUP
CONTRIBUTING EMPLOYER
-
LUPIENT AUTO GROUP
CONTRIBUTING EMPLOYER
-
LUTHER AUTO GROUP
CONTRIBUTING EMPLOYER
-
METROPOLITAN FORD
CONTRIBUTING EMPLOYER
-
MORRIES MINNETONKA FORD
CONTRIBUTING EMPLOYER
-
NEW BRIGHTON FORD INC
CONTRIBUTING EMPLOYER
-
SEARS IMPORTED AUTOS INC
CONTRIBUTING EMPLOYER
-
SHAKOPEE CHEVROLET
CONTRIBUTING EMPLOYER
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 7 May 2026
- IRS schema version
- 2024v5.5
- Source object
- 202621279349302847
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