Nonprofit · EIN 27-1461867
NONPROFIT INSURANCE TRUST
Tax-exempt · LAKEVILLE, MN 55044
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $19,777,502 | $18,575,240 | $1,202,262 | $46,599,222 | $20,509,553 | $26,089,669 |
| December 31, 2023 | 990 | $17,873,844 | $15,112,461 | $2,761,383 | $45,356,707 | $20,648,049 | $24,708,658 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $18,466,270
- Investment income
- $1,311,232
- Net gain from sales of assets
- -$61,708
- Tax-exempt bond proceeds
- $1,372,940
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $281,801
- Accounting fees
- $64,450
- Program services (functional)
- $15,067,535
- Management and general (functional)
- $3,507,705
Balance sheet and other
- Total assets, start of year
- $45,356,707
- Total assets, end of year
- $46,599,222
- Total liabilities, end of year
- $20,509,553
- Net assets, end of year
- $26,089,669
- Publicly traded securities
- $42,395,515
- Net assets without donor restrictions
- $26,089,669
- Gross receipts
- $38,089,329
- Employees
- 0
- Volunteers
- 9
- Year formed
- 2009
- State of legal domicile
- MN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Jim Bettendorf | Chair Trustee or director, Officer | 1 | $0 |
| Tom Gillespie | Vice Chair Trustee or director, Officer | 1 | $0 |
| Laura Purfeerst | Treasurer Trustee or director, Officer | 1 | $0 |
| Kris Solz | Secretary Trustee or director, Officer | 1 | $0 |
| Lynne Megan | Board Member Trustee or director | 1 | $0 |
| Robert Pickering | Board Member Trustee or director | 1 | $0 |
| Judie Foster Lupkin | Board Member Trustee or director | 1 | $0 |
| Ashley Kjos | Board Member Trustee or director | 1 | $0 |
| Sarah Ackerman | Board Member Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Sarah Ackerman | Chair Trustee or director, Officer | 1 | $0 |
| Jim Bettendorf | Vice Chair Trustee or director, Officer | 1 | $0 |
| Laura Purfeerst | Treasurer Trustee or director, Officer | 1 | $0 |
| Kris Solz | Secretary Trustee or director, Officer | 1 | $0 |
| Lynne Megan | Board Member Trustee or director | 1 | $0 |
| Robert Pickering | Board Member Trustee or director | 1 | $0 |
| Judie Foster Lupkin | Board Member (as of Aug 2023) Trustee or director | 1 | $0 |
| Ashley Kjos | Board Member Trustee or director | 1 | $0 |
| Tom Gillespie | Board Member Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 21034 HERON WAY STE 107, LAKEVILLE, MN 55044-8094
- Principal officer (990 for 2024)
- Jim Bettendorf, 21034 Heron Way Ste 107, Lakeville, MN 550440327
- Signed the 990
- Jim Bettendorf, Board Chair
- Phone
- (952) 469-5963
- Website
- www.nitmn.org
- Return prepared by
- Eide Bailly LLP
Mission
None
Program accomplishments
- The Nonprofit Insurance Trust (Trust) was established to administer self-insurance pools for nonprofit organizations in the State of Minnesota. The members of the Trust are made up of day support services programs, employment training facilities for clients with disabilities, group homes, community mental health centers, community service organizations, nonprofit schools, and other social service organizations. The Trust is formed to pool the risks of the member organizations. The Trust may have one or more pools of nonprofit organizations. The Trust negotiates the insurance contracts, determines and processes eligibility decisions, communicates the plan features and rates to subscribers, administers claims and billing issues, collects premiums, and monitors legislative developments that affect the insurance plan.Expenses $15,067,535 · revenue $18,466,270
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 27-1461867
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2012
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Mutual and membership benefit (Y200)
- Assets (IRS master file)
- $46,599,222
- Income (IRS master file)
- $38,089,329
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $19,777,502 | $18,575,240 | $46,599,222 | IRS |
| 990 | December 2023 | $17,873,844 | $15,112,461 | $45,356,707 | XML |
| 990 | December 2022 | $17,278,123 | $14,463,298 | $40,084,591 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 27-1461867).
Questions about NONPROFIT INSURANCE TRUST
- What is the EIN of NONPROFIT INSURANCE TRUST?
- The employer identification number (EIN) of NONPROFIT INSURANCE TRUST is 27-1461867.
- Is NONPROFIT INSURANCE TRUST tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2012.
- Are donations to NONPROFIT INSURANCE TRUST tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NONPROFIT INSURANCE TRUST file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of NONPROFIT INSURANCE TRUST due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NONPROFIT INSURANCE TRUST last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of NONPROFIT INSURANCE TRUST?
- The 990 for the year ended December 31, 2024 names Jim Bettendorf.
- Who are the officers and directors of NONPROFIT INSURANCE TRUST?
- The 990 for the year ended December 31, 2024 lists 9 people; 0 received compensation from the organization.
- How much revenue does NONPROFIT INSURANCE TRUST have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $19,777,502, expenses of $18,575,240 and total assets of $46,599,222 at year end.
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All nonprofits in LAKEVILLE · Minnesota · Mutual and membership benefit