Nonprofit · EIN 38-3666613
LABOR TEMPLE ASSOCIATION REAL ESTATE HOLDINGS INC
Tax-exempt · MINNEAPOLIS, MN 55414
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $159,147 | $0 | $159,147 | $3,817,452 | $454,539 | $3,362,913 |
| December 31, 2023 | 990 | $25,936 | $0 | $25,936 | $3,671,335 | $308,422 | $3,362,913 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $2,092
- Net rental income
- $157,055
- Other revenue
- $157,055
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
Balance sheet and other
- Total assets, start of year
- $3,671,335
- Total assets, end of year
- $3,817,452
- Total liabilities, end of year
- $454,539
- Net assets, end of year
- $3,362,913
- Land, buildings and equipment
- $3,245,666
- Net assets without donor restrictions
- $3,362,913
- Gross receipts
- $1,185,561
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2001
- 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 | From related orgs |
|---|---|---|---|---|
| RUSSELL SCHERBER | PRESIDENT Trustee or director, Officer | 10 | $1,600 | $10,400 |
| DAVID SCHUTTA | SECRETARY/TREASURER Trustee or director, Officer | 10 | $1,600 | $10,400 |
| HARRY MELANDER | DIRECTOR Trustee or director | 1 | $1,600 | $0 |
| FRANK MISKOWIEC | DIRECTOR Trustee or director | 1 | $1,600 | $0 |
| TIM HOUSE | VICE PRESIDENT Trustee or director | 1 | $1,600 | $0 |
| DAN MCCONNELL | DIRECTOR Trustee or director | 1 | $1,600 | $0 |
| ROD DOLAN | DIRECTOR Trustee or director | 1 | $1,600 | $0 |
| DOUG SCHROEDER | DIRECTOR Trustee or director | 1 | $1,600 | $0 |
| MARK CONROY | DIRECTOR Trustee or director | 1 | $1,600 | $0 |
| BRIAN BURG | DIRECTOR Trustee or director | 1 | $1,600 | $0 |
| TIM MARDELL | DIRECTOR Trustee or director | 1 | $1,600 | $0 |
990 for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| RUSSELL SCHERBER | PRESIDENT Trustee or director, Officer | 10 | $1,600 | $10,400 |
| DAVID SCHUTTA | SECRETARY/TREASURER Trustee or director, Officer | 10 | $1,600 | $10,400 |
| HARRY MELANDER | DIRECTOR Trustee or director | 1 | $1,600 | $0 |
| FRANK MISKOWIEC | DIRECTOR Trustee or director | 1 | $1,600 | $0 |
| TIM HOUSE | VICE PRESIDENT Trustee or director | 1 | $1,600 | $0 |
| DAN MCCONNELL | DIRECTOR Trustee or director | 1 | $1,600 | $0 |
| ROD DOLAN | DIRECTOR Trustee or director | 1 | $1,600 | $0 |
| JEFF SCHREMPP | DIRECTOR Trustee or director | 1 | $1,600 | $0 |
| DOUG SCHROEDER | DIRECTOR Trustee or director | 1 | $1,600 | $0 |
| MARK CONROY | DIRECTOR Trustee or director | 1 | $1,600 | $0 |
| BRIAN BURG | DIRECTOR Trustee or director | 1 | $1,600 | $0 |
| TIM MARDELL | DIRECTOR Trustee or director | 1 | $1,600 | $0 |
Address and contacts
- Address (IRS master file)
- 312 CENTRAL AVE SE STE 371, MINNEAPOLIS, MN 55414-1050
- In care of
- % RAY WALDRON
- Principal officer (990 for 2024)
- DAVE SCHUTTA, 312 CENTRAL AVENUE SE 371, MINNEAPOLIS, MN 554141025
- Signed the 990
- DAVE SCHUTTA, OFFICER
- Phone
- (612) 379-1558
- Return prepared by
- BARTON WALTER & KRIER PC
Mission
THE ORGANIZATION'S SOLE PURPOSE IS TO OWN TITLE TO REAL PROPERTY THAT WILL BE USED AS LABOR TEMPLES, COLLECT INCOME THEREFROM, AND TURN OVER THE ENTIRE AMOUNT OF SUCH INCOME, LESS EXPENSES, TO THE LABOR TEMPLE ASSOCIATION, INC., THE ORGANIZATION'S SOLE MEMBER AND A NONPROFIT ORGANIZATION QUALIFIED FOR TAX EXEMPTION UNDER 501(C)(5) OF THE INTERNAL REVENUE CODE.
Program accomplishments
- THE FUND LEASED 40 UNITS AND PROVIDED FACILITIES, MEETING AND OFFICE SPACE FOR THE BENEFIT OF LABOR ORGANIZATIONS.
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
- 38-3666613
- Tax-exempt status
- 501(c)(2): Title-holding corporation
- Donations deductible
- No
- Exempt since
- 2003
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S47)
- Assets (IRS master file)
- $3,817,452
- Income (IRS master file)
- $1,185,561
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $159,147 | $0 | $3,817,452 | XML |
| 990 | December 2023 | $25,936 | $0 | $3,671,335 | XML |
| 990 | December 2022 | $21,871 | $0 | $4,345,321 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 38-3666613).
Questions about LABOR TEMPLE ASSOCIATION REAL ESTATE HOLDINGS INC
- What is the EIN of LABOR TEMPLE ASSOCIATION REAL ESTATE HOLDINGS INC?
- The employer identification number (EIN) of LABOR TEMPLE ASSOCIATION REAL ESTATE HOLDINGS INC is 38-3666613.
- Is LABOR TEMPLE ASSOCIATION REAL ESTATE HOLDINGS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(2) since 2003.
- Are donations to LABOR TEMPLE ASSOCIATION REAL ESTATE HOLDINGS INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does LABOR TEMPLE ASSOCIATION REAL ESTATE HOLDINGS INC 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 LABOR TEMPLE ASSOCIATION REAL ESTATE HOLDINGS INC 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 LABOR TEMPLE ASSOCIATION REAL ESTATE HOLDINGS INC 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 LABOR TEMPLE ASSOCIATION REAL ESTATE HOLDINGS INC?
- The 990 for the year ended December 31, 2024 names DAVE SCHUTTA.
- Who are the officers and directors of LABOR TEMPLE ASSOCIATION REAL ESTATE HOLDINGS INC?
- The 990 for the year ended December 31, 2024 lists 11 people; 11 received compensation from the organization, the highest $1,600 (RUSSELL SCHERBER, PRESIDENT).
- How much revenue does LABOR TEMPLE ASSOCIATION REAL ESTATE HOLDINGS INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $159,147, expenses of $0 and total assets of $3,817,452 at year end.
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