Nonprofit · EIN 41-6426497
ALLETE AND AFFILIATED COMPANIES UNION EMPLOYEES LIFE INSURANCE TR
Tax-exempt · DULUTH, MN 55802
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $370,317 | $426,234 | -$55,917 | $8,673,933 | $35,010 | $8,638,923 |
| December 31, 2023 | 990 | $280,513 | $428,063 | -$147,550 | $8,231,326 | $35,168 | $8,196,158 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $38,733
- Investment income
- $331,584
- Net gain from sales of assets
- $76,737
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $420,050
- Compensation of officers, directors and key employees
- $5,319
- Salaries, compensation and benefits (total)
- $5,319
- Professional fundraising fees
- $0
- Program services (functional)
- $426,234
Balance sheet and other
- Total assets, start of year
- $8,231,326
- Total assets, end of year
- $8,673,933
- Total liabilities, end of year
- $35,010
- Net assets, end of year
- $8,638,923
- Publicly traded securities
- $8,571,764
- Net assets without donor restrictions
- $8,638,923
- Gross receipts
- $868,337
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1997
- 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 |
|---|---|---|---|
| NORTH SHORE BANK OF COMMERCE | INSTITUTIONAL TRUSTEE Institutional trustee | 1 | $5,319 |
| BETHANY OWEN | CHAIR Trustee or director | 1 | $0 |
| NICOLE JOHNSON | DIRECTOR Trustee or director | 1 | $0 |
| STEVE MORRIS | DIRECTOR Trustee or director | 1 | $0 |
| JULIE PADILLA | DIRECTOR Trustee or director | 1 | $0 |
| JULIE PIERCE | DIRECTOR Trustee or director | 1 | $0 |
| ROB SANDSTROM | DIRECTOR Trustee or director | 1 | $0 |
| LAURA KROLLMAN | SECRETARY Trustee or director | 1 | $0 |
| FRANK FREDRICKSON | DIRECTOR Trustee or director | 1 | $0 |
| JOSH SKELTON | DIRECTOR Trustee or director | 1 | $0 |
| DAN GUNDERSON | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| NORTH SHORE BANK OF COMMERCE | INSTITUTIONAL TRUSTEE Institutional trustee | 1 | $4,899 |
| BETHANY OWEN | CHAIR Trustee or director | 1 | $0 |
| NICOLE JOHNSON | DIRECTOR Trustee or director | 1 | $0 |
| STEVE MORRIS | DIRECTOR Trustee or director | 1 | $0 |
| MAGGIE THICKENS | DIRECTOR Trustee or director | 1 | $0 |
| AL RUDECK JR | DIRECTOR Trustee or director | 1 | $0 |
| ROB SANDSTROM | DIRECTOR Trustee or director | 1 | $0 |
| LAURA KROLLMAN | SECRETARY Trustee or director | 1 | $0 |
| FRANK FREDRICKSON | DIRECTOR Trustee or director | 1 | $0 |
| JOSH SKELTON | DIRECTOR Trustee or director | 1 | $0 |
| DAN GUNDERSON | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 30 W SUPERIOR ST, DULUTH, MN 55802-2191
- In care of
- % MINNESOTA POWER ATTN J TUOMINEN
- Principal officer (990 for 2024)
- TROY RASCH, 30 W SUPERIOR ST, DULUTH, MN 558022191
- Signed the 990
- TROY RASCH, MANAGER - COMP, BENEFITS, & HR SYS
- Phone
- (218) 723-7546
- Return prepared by
- REILLY PENNER & BENTON LLP
Mission
PROVIDE LIFE INSURANCE BENEFITS FOR UNION RETIREES
Program accomplishments
- PROVIDE LIFE INSURANCE BENEFITS FOR UNION RETIREESExpenses $426,234 · revenue $370,317
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
- 41-6426497
- Tax-exempt status
- 501(c)(9): Voluntary employees' beneficiary association
- Donations deductible
- No
- Exempt since
- 1999
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Mutual and membership benefit (Y20)
- Assets (IRS master file)
- $8,673,933
- Income (IRS master file)
- $868,337
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $370,317 | $426,234 | $8,673,933 | XML |
| 990 | December 2023 | $280,513 | $428,063 | $8,231,326 | XML |
| 990 | December 2022 | $854,160 | $429,636 | $7,571,338 | 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 41-6426497).
Questions about ALLETE AND AFFILIATED COMPANIES UNION EMPLOYEES LIFE INSURANCE TR
- What is the EIN of ALLETE AND AFFILIATED COMPANIES UNION EMPLOYEES LIFE INSURANCE TR?
- The employer identification number (EIN) of ALLETE AND AFFILIATED COMPANIES UNION EMPLOYEES LIFE INSURANCE TR is 41-6426497.
- Is ALLETE AND AFFILIATED COMPANIES UNION EMPLOYEES LIFE INSURANCE TR tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(9) since 1999.
- Are donations to ALLETE AND AFFILIATED COMPANIES UNION EMPLOYEES LIFE INSURANCE TR tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does ALLETE AND AFFILIATED COMPANIES UNION EMPLOYEES LIFE INSURANCE TR 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 ALLETE AND AFFILIATED COMPANIES UNION EMPLOYEES LIFE INSURANCE TR 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 ALLETE AND AFFILIATED COMPANIES UNION EMPLOYEES LIFE INSURANCE TR 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 ALLETE AND AFFILIATED COMPANIES UNION EMPLOYEES LIFE INSURANCE TR?
- The 990 for the year ended December 31, 2024 names TROY RASCH.
- Who are the officers and directors of ALLETE AND AFFILIATED COMPANIES UNION EMPLOYEES LIFE INSURANCE TR?
- The 990 for the year ended December 31, 2024 lists 11 people; 1 received compensation from the organization, the highest $5,319 (NORTH SHORE BANK OF COMMERCE, INSTITUTIONAL TRUSTEE).
- How much revenue does ALLETE AND AFFILIATED COMPANIES UNION EMPLOYEES LIFE INSURANCE TR have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $370,317, expenses of $426,234 and total assets of $8,673,933 at year end.
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