Minnesota Fair Plan FY2020 filing

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To provide owner and tenants of individual resideneces, small business owners, farmers and co-op residents an opportunity to purchase limited property or homeowners insurance when they are unable to DO so in the voluntary market.

Form 990 Part I, line 1, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 41-0950742) · Dispute this line
501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
$164K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
The IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $79K a year · 2% of revenue · last 5 filings
A surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Pay to officers and key staff
$164K
to officers and key staff · 5% of spending
Pay to officers and key staff is 5% of spending.
Part VII, Section A
12.4 mo
of spending, in cash
12.4 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$2.0M
59% of total assets
Liabilities are 59% of assets.
Pt X · Ln 26
Independent board members
9
of 9 voting members
9 of 9 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$3.2M
Spent
$3.3M
Net assets
$1.4M
By yearFY2020–FY2024
Revenue
$3.2M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$3.2M
FY2021$3.0M
FY2022$3.0M
FY2023$3.3M
FY2024$4.1M
Expenses
$3.3M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$3.3M
FY2021$3.2M
FY2022$3.5M
FY2023$4.1M
FY2024$3.0M
Net assets
$1.4M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$1.4M
FY2021$1.2M
FY2022$599K
FY2023−$317K
FY2024$810K

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 1970.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

10 people listed on the 990; $164K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
Executive Director
$160,875Pt VII · Sec A
$1,000Pt VII · Sec A
Treasurer
$800Pt VII · Sec A
Director
$600Pt VII · Sec A
$600Pt VII · Sec A
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Gary Rupp$177,646$170,424$164,460$160,858$160,875
Brian Hallgren$129,190$119,523$111,210——
Elaine Love$1,200$2,000$2,000$1,200$600
Michael McHugh$800$1,600———
Sheri Melander-Smith$800$1,200$1,400$1,200$600
Michael J McHugh——$1,200$1,000$1,000
Robert Meeks———$1,000$800
Steve Kelley$600————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Minnesota Fair Plan executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Helps people buy insurance when they can't get it elsewhere.

Questions for Minnesota Fair Plan

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Your first name shows with your question. Minnesota Fair Plan answers here, for everyone.

1 program · in their own filed words · FY2020
01

During 2020, the minnesota fair plan provided insurance coverage to 3,400 policyholders throughout the state of minnesota. The MN fair plan continued its role as the primary financial supporter for the iaai's arson hotline reward program.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 41-0950742) · Dispute this line
Pt IX · Ln 25 · col B

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$3.2M
Ln 12
Fees for servicesLn 2g$3.2M
Investment incomeLn 3$24K
Other incomeLn 4–11$249
Money outPt IX
$3.3M
Ln 25
Owns and owesPt X
$1.4M
net assets · Ln 32
Cash and savingsLn 1–2$3.4M
Total assetsLn 16$3.4M
LiabilitiesLn 26$2.0M
PeoplePt VI, VII
10
listed · VII A
PaidVII A5
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$3.2M
Investment incomeLn 3$24K
Other incomeLn 4–11$249
Total revenueLn 12$3.2M
Assets in detailPt X, end of year
CashLn 1$535
SavingsLn 2$3.4M
Cash and savings togetherLn 1–2$3.4M
Total assetsLn 16$3.4M
LiabilitiesLn 26$2.0M
Net assetsLn 32$1.4M
OperationsPt I, VI
EmployeesI 57
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$3.3M$3.4M
Total assetsLn 16$3.3M$3.4M
LiabilitiesLn 26$2.0M$2.0M
Net assetsLn 32$1.3M$1.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of officers and key staff (Part IX, line 5)Ln 5$174K
Other salaries and wagesLn 7$375K
Pension plan contributionsLn 8$111K
Other employee benefitsLn 9$109K
Payroll taxesLn 10$40K
Legal feesLn 11b$13K
Accounting feesLn 11c$24K
Other fees for servicesLn 11g$29K
Office expensesLn 13$123K
Information technologyLn 14$453K
OccupancyLn 16$93K
TravelLn 17$2K
InsuranceLn 23$19K
Other expenses (24a–d)Ln 24$1.6M
All other expensesLn 24e$71K
Total functional expensesLn 25$3.3M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Nov 11, 2025 $4.1M$3.0M$1.2M$810K 990 PDF
FY2023Filed with the IRS Nov 12, 2024 $3.3M$4.1M−$852K−$317K 990 PDF
FY2022Filed with the IRS Nov 9, 2023 $3.0M$3.5M−$505K$599K 990 PDF
FY2021Filed with the IRS Nov 15, 2022 $3.0M$3.2M−$162K$1.2M 990 PDF
FY2020 ViewingFiled with the IRS Nov 12, 2021 $3.2M$3.3M−$24K$1.4M 990 PDF

Schedules filed Part IV

A · Public support I · Grants J · Pay O · Explanations
See the full FY2020 990
Part I · Summary $3,238,799 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $3,425,561$3,214,887
I-10 Investment incomePrior year $25,813$23,663
I-11 Other revenuePrior year $177$249
I-12 Total revenuePrior year $3,451,551$3,238,799
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $884,419$809,026
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,874,491$2,453,537
I-18 Total expensesPrior year $3,758,910$3,262,563
I-19 Revenue less expensesPrior year −$307,359−$23,764
Part VI · Governance 9 of 9 board members independent, no flags
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $3,238,799 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $3,214,887$3,214,887
VIII-3 Investment incomeExcluded from tax $23,663$23,663
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $249$249
VIII-12 Total revenueRelated to mission $3,215,136 · Unrelated business $0 · Excluded from tax $23,663$3,238,799
Part IX · Statement of functional expenses $3,262,563 across 15 lines filed
IX-5 Pay of officers and key staff (Part IX, line 5)$173,802
IX-7 Other salaries and wages$375,482
IX-8 Pension plan contributions$111,118
IX-9 Other employee benefits$108,571
IX-10 Payroll taxes$40,053
IX-11b Legal fees$13,494
IX-11c Accounting fees$24,500
IX-11g Other fees for services$29,280
IX-13 Office expenses$123,030
IX-14 Information technology$453,226
IX-16 Occupancy$92,741
IX-17 Travel$2,307
IX-23 Insurance$19,027
IX-24 Other expenses (24a–d)$1,625,418
IX-24e All other expenses$70,514
IX-25 Total functional expenses$3,262,563
Part X · Balance sheet $3,360,181 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $535$535
X-2 Savings and temporary cash investmentsStart of year $3,309,620$3,359,646
X-16 Total assetsStart of year $3,310,155$3,360,181
X-17 Accounts payable and accrued expensesStart of year $127,377$71,375
X-19 Deferred revenueStart of year $1,369,079$1,226,620
X-25 Other liabilitiesStart of year $498,928$699,752
X-26 Total liabilitiesStart of year $1,995,384$1,997,747
X-29 Capital stock or trust principalStart of year $0$0
X-30 Paid-in or capital surplusStart of year $0$0
X-31 Retained earnings or endowmentStart of year $1,314,771$1,362,434
X-32 Total net assets or fund balancesStart of year $1,314,771$1,362,434
X-33 Total liabilities and net assetsStart of year $3,310,155$3,360,181
Part XI · Reconciliation of net assets $1,362,434 net assets at year end
XI-1 Total revenue$3,238,799
XI-2 Total expenses$3,262,563
XI-3 Revenue less expenses−$23,764
XI-4 Net assets at start of year$1,314,771
XI-9 Other changes in net assets$71,427
XI-10 Net assets at end of year$1,362,434

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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