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Nonprofiteer
← MADISON AREA CONSTRUCTION EMPLOYEES TRUST

Form 990 for tax year 2024

Filed by MADISON AREA CONSTRUCTION EMPLOYEES TRUST.

Totals

Total revenue
$17,035,616
Total expenses
$14,671,451
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$15,794,314
Investment income
$1,241,302
Other revenue
$0
Total assets, end of year
$25,246,699
Total liabilities, end of year
$12,396,844
Net assets or fund balances, end of year
$12,849,855
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 $15,406,265 · related or exempt $15,406,265

  • 2b · Program service revenue: SELF-PAY CONTRIBUTIONS

    total $388,049 · related or exempt $388,049

  • 3 · Investment income

    total $578,196 · excluded $578,196

  • 7a · Gross sales of assets other than inventory

    securities $6,110,048

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

    securities $5,446,942

  • 7c · Gain or loss

    securities $663,106

  • 7d · Net gain or loss

    total $663,106 · excluded $663,106

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $13,149,378

  • 11a · Fees: management

    total $369,934

  • 11b · Fees: legal

    total $41,644

  • 11f · Fees: investment management

    total $124,288

  • 11g · Fees: other

    total $103,641

  • 13 · Office expenses

    total $41,211

  • 19 · Conferences, conventions and meetings

    total $3,921

  • 23 · Insurance

    total $6,713

  • 24a · Other expenses: CLAIMS ADMINISTRATION

    total $320,506

  • 24b · Other expenses: STOP LOSS PREMIUMS

    total $261,831

  • 24c · Other expenses: DISABILITY PREMIUMS

    total $189,189

  • 24d · Other expenses: COST CONTAINMENT

    total $48,343

  • 24e · All other expenses

    total $10,852

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,368,811 · end of year $3,045,743

  • 2 · Savings and temporary cash investments

    beginning of year $72,590 · end of year $78,825

  • 4 · Accounts receivable

    beginning of year $1,929,714 · end of year $1,740,548

  • 9 · Prepaid expenses and deferred charges

    beginning of year $119,926 · end of year $115,501

  • 11 · Investments: publicly traded securities

    beginning of year $18,172,384 · end of year $20,266,082

  • 17 · Accounts payable and accrued expenses

    beginning of year $271,328 · end of year $228,838

  • 25 · Other liabilities

    beginning of year $12,873,439 · end of year $12,168,006

  • 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 $9,518,658 · end of year $12,849,855

Mission and programs · 2024

Mission

TO PROVIDE REASONABLY COST EFFECTIVE GROUP HEALTH COVERAGE TO THE MEMBERS.

  • GROUP INSURANCE BENEFITS PAID TO MEMBER

As filed on the 2024 return.

Listed in Part VII

  • Paul Christensen

    CHAIRMAIN

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Steve Breitlow

    SECRETARY-TREASURER

    Total calculated
    $275,684
    From this org
    $0
    From related orgs
    $168,808
    Other
    $106,876
    Hours/week
    0.5 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $168,808 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $78,926 related
    Nontaxable benefits
    $0 + $27,950 related
    Filer's total
    $0 + $275,684 related

  • Joel Zielke

    TRUSTEE(THRU 1/17/24)

    Total calculated
    $0
    Hours/week
    0.5 + 50 related

  • Spencer Statz

    TRUSTEE

    Total calculated
    $245,077
    From this org
    $0
    From related orgs
    $149,496
    Other
    $95,581
    Hours/week
    0.5 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $149,496 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $70,426 related
    Nontaxable benefits
    $0 + $25,155 related
    Filer's total
    $0 + $245,077 related

  • Jim Lemens

    TRUSTEE (THRU 10/30/24)

    Total calculated
    $0
    Hours/week
    0.5

  • Melissa Wood

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Brent Williams

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Bob Schaller

    TRUSTEE (THRU 4/17/24)

    Total calculated
    $0
    Hours/week
    0.5

  • Brad Werlein

    TRUSTEE (STARTED 4/17/24)

    Total calculated
    $0
    Hours/week
    0.5

  • Brain Toutant

    TRUSTEE (STATED 1/17/24)

    Total calculated
    $278,822
    From this org
    $0
    From related orgs
    $167,996
    Other
    $110,826
    Hours/week
    0.5 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $167,996 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $81,264 related
    Nontaxable benefits
    $0 + $29,562 related
    Filer's total
    $0 + $278,822 related

  • Dennis Johnson

    TRUSTEE (STARTED 10/30/24)

    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

The filer's explanations (Part III)

FORM 990, SCHEDULE J LINE 3
THE RELATED ORGANIZATIONS ESTABLISH THE COMPENSATION THROUGH THE APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.

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.

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.

  • ALPHA CONTROLS & SVCS LLC

  • JM AARUD MECHANICAL

  • JM BRENNAN INC

  • MASTERS BLDG SOLUTIONS

  • MATTOX PLUMBING

Related corporations and trusts

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

  • 2B COOL INC

  • 4 LAKES PLUMBING INC

  • 1901 INC

  • 1901 MECHANICAL & PLUMBING

  • AIR TEMPERATURE SERVICES

  • ALL COMFORT SERVICES INC

  • ALL COMFORT INC

  • ALPINE PLUMBING

  • AUGUST WINTER & SONS INC

  • AZCO INC

  • BASSETT MECHANICAL

  • BELONGER CORP INC

  • BOLDT CONSTRUCTION

  • BUTTERS-FETTING CO INC

  • COENEN MECHANICAL

  • COMPLETE CONTROL INC

  • DEGARMO PLUMBING

  • E-Z PLUMBING CO INC

  • GREAT LAKES MECHANICAL INC

  • HOOPER CONSTRUCTION CORP

  • HOOPER CORP

  • HORNER PLUMBING CO INC

  • HURCKMAN MECHANICAL

  • JF AHERN CO

  • JAMAR COMPANY

  • JOHNSON CONTROLS INC

  • KJM PLUMBING

  • KUHLMAN INC

  • MECHANICAL INC FREEPORT

  • MECHANICAL TECH INC

  • MONONA PLBG & FIRE PROTCT

  • ORGANIZATION SVCS INC

  • PERTZBORN PLBG & FIRE PRO

  • PIPERS MECHANICAL INC

  • PNEUMATIC SYSTEMS PLUS

  • SCHNEIDER & SCHNEIDER MEC

  • SOUTHWEST TOWN REFRIG-CONTROL WORKS

  • TOTAL MECHANICAL INC

  • TRANE COMPANY

  • TRIGGS PLUMBING CO

  • TWEET GAROT MECHANICAL

  • WALDINGER CORPORATION

Provenance

Return type
form_990
Tax year
2024
Filed
27 October 2025
IRS schema version
2024v5.2
Source object
202533019349301113

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