Pipe Trades Services Mn Welfare Fund
501(c)(9)
Only null% goes to programs Strong reserves Growing revenue
Pipe Trades Services Mn Welfare Fund is a 501(c)(9) organization based in White Bear Lake, Minnesota, registered in 1970, with $140,356,260 in FY2024 revenue. CharityIndex grades it A.
4461 White Bear Parkway Suite 1, White Bear Lake, MN, 55110 EIN 41-0761972 Since 1970
Revenue (FY2024)
$140.4M
▲ 9.8% vs prior year
Expenses (FY2024)
$132.7M
Net assets
$111.6M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Pipe Trades Services Mn Welfare Fund— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating10 mo reserves · +5% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Pipe Trades Services Mn Welfare Fund: 10 mo reserves · +5% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Pipe Trades Services Mn Welfare Fund: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
BTransparency10% of the rating3 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Pipe Trades Services Mn Welfare Fund: 3 of 5 disclosure signals earns a B on this criterion. See the exact thresholds →
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Mission
To provide eligible pipe trades members and their dependents with health and welfare benefits.
Contact & location
- Address
- 4461 White Bear Parkway Suite 1, White Bear Lake, MN, 55110
- City
- White Bear Lake
- State
- Minnesota
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $83.4M (FY2014) to $140.4M (FY2024) across 10 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $89KNet assets $111.6M
Operating margin
5.4%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$111.7M
Total liabilities
$89K
Net assets
$111.6M
Salaries & benefits
$0
0% of expenses
Board members
10
10 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $140,356,260▲9.8% | $132,732,539▲9.3% | $111,614,594▲9.6% | $111,703,571▲9.6% | 990 |
| 2023 | $127,795,458▲9.1% | $121,437,904▼0.2% | $101,843,768▲7.8% | $101,893,763▲7.8% | 990 |
| 2022 | $117,150,816▲5.3% | $121,667,996▲1.9% | $94,492,293▼8.7% | $94,537,655▼8.7% | 990 |
| 2021 | $111,286,740▲2.5% | $119,456,088▲11.6% | $103,492,802▼16.7% | $103,560,351▼16.7% | 990 |
| 2020 | $108,617,463▲0.3% | $107,032,992▼2.6% | $124,170,946▲7.6% | $124,255,702▲7.7% | 990 |
| 2019 | $108,292,234▲12.5% | $109,896,129▲8.4% | $115,373,623▲3.5% | $115,408,452▲3.5% | 990 |
| 2018 | $96,249,660▲2.4% | $101,340,395▲1.4% | $111,468,405▼1.0% | $111,468,405▼1.0% | 990 |
| 2017 | $94,039,516▲5.8% | $99,979,291▲20.0% | $112,611,198▼0.1% | $112,611,198▼0.1% | 990 |
| 2015 | $88,917,030▲6.6% | $83,303,400▲16.5% | $112,735,022▲2.8% | $112,735,022▲2.8% | 990 |
| 2014 | $83,433,334 | $71,522,007▲27.9% | $109,682,478▲42.2% | $109,682,478▲42.2% | 990 |
| 2012 | — | $55,931,805▲3.2% | $77,125,392▲14.0% | $77,125,392▲14.0% | 990 |
| 2011 | — | $54,178,460▼2.6% | $67,638,633▲19.2% | $67,638,633▲19.2% | 990 |
| 2010 | — | $55,631,033 | $56,724,962 | $56,724,962 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Bryan Norman | Trustee | 2 | — |
| Doug Jones | Trustee | 2 | — |
| Gary Thaden | Co-chair (thru Feb. 2025) | 2 | — |
| Jake Pettit | Trustee | 2 | — |
| Jeremy Miller | Chair (eff Mar. 2025) | 2 | — |
| Joe Lane | Trustee | 2 | — |
| Matt Marquis | Co-chair (eff Mar. 2025) | 2 | — |
| Mike Tieva | Trustee | 2 | — |
| Sam Arnold | Trustee | 2 | — |
| Scott Seath | Trustee | 2 | — |
| Sophie Thaden | Trustee (eff Feb. 2025) | 2 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Pipe Trades Services Mn Inc | Management Services | $1,737,192 |
| Taft Stettinius & Hollister LLP | Legal Services | $249,753 |
| Twele Capital Management Inc | Investment Management | $137,592 |
| Milliman | Actuarial Services | $134,570 |
Frequently asked questions
- Is Pipe Trades Services Mn Welfare Fund a legitimate nonprofit?
- Yes. Pipe Trades Services Mn Welfare Fund is a 501(c)(9) organization registered with the U.S. Internal Revenue Service under EIN 41-0761972, based in White Bear Lake, Minnesota.
- What is Pipe Trades Services Mn Welfare Fund's EIN?
- Pipe Trades Services Mn Welfare Fund's Employer Identification Number (EIN) is 41-0761972.
- How much revenue does Pipe Trades Services Mn Welfare Fund report?
- Pipe Trades Services Mn Welfare Fund reported $140,356,260 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Pipe Trades Services Mn Welfare Fund have?
- CharityIndex grades Pipe Trades Services Mn Welfare Fund A, based on financial health (reserves and operating margin).
- How much does Pipe Trades Services Mn Welfare Fund's highest-paid employee make?
- The highest reported compensation on Pipe Trades Services Mn Welfare Fund's latest Form 990 is $0, paid to Bryan Norman (Trustee).
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Data for Pipe Trades Services Mn Welfare Fund (EIN 41-0761972) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.