Twin Cities Confrence Board FY2020 filing

Not tax-deductible

Shakopee, MN501(c)(5)EIN 41-1285304Revenue $3K in FY2020

On file with the IRS1007 Scott St S, 55379-2420 · Shakopee, MNTax-exempt since Dec 1940

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Objective of the Twin Cities and Vicinity Conf. Board is to protect, represent and educate members of the Locals 21B, 63B, 129 and 142BTo manage and maintain a strike fund Provide for Legal expenses for reprsentation.

$1K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(5)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2022
latest Form 990
Worth a look: the latest return is for FY2022, 4 tax years back; more than 3 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 3
filings with a surplus
Average deficit $7K a year · 195% of revenue · last 3 filings
Fine: a surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Pay to officers and key staff
$1K
to officers and key staff · 100% of spending
Concern: pay to officers and key staff is 100% of spending; over 30%.
Pt VII · Sec A
Cash reserves
10637 mo
of spending, in cash
Looks good: 10637.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 5 voting members
Concern: none of 5 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3K
Spent
$1K
Net assets
$932K
By yearFY2020–FY2022
Revenue
$3K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$3K
FY2021$4K
FY2022$3K
Expenses
$1K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$1K
FY2021$3K
FY2022$27K
Net assets
$932K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$932K
FY2021$932K
FY2022$909K

From the FY2020 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2022) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2022. IRS ruling in Dec 1940.

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

Who runs it and what they're paid

5 people listed on the 990; $1K paid to officers and key staff.

Part VII, Section A · reportable compensation
Financial Secretary
$1,050Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A

Compensation history total reportable pay by year · 7 named individuals · Part VII

NameFY2022FY2020
Brett Bastin$1,950—
Robert Torkelson—$1,050
Rob Torkelson$100—
Carl Atkinson$100—
Jeff Meyer$100—
Gary Switzer$50—
Bernard Howell$50—

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.

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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 15aNo

Programs and updates

Protects, represents, and educates union members, managing strike funds and legal expenses.

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Provided by the organization

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1 program · in their own filed words · FY2020
01

Expenses in curred to provide education, strike benefits payments to members, legal representation for grievances, arbitration and mediation.

Pt IX · col B

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$3K
Ln 12
Investment incomeLn 3$3K
Money outPt IX
$1K
Ln 25
Owns and owesPt X
$932K
net assets · Ln 32
Cash and savingsLn 1–2$931K
Total assetsLn 16$932K
LiabilitiesLn 26$0
PeoplePt VI, VII
5
listed · VII A
PaidVII A1
Voting boardVI 1a5
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$3K
Total revenueLn 12$3K
Assets in detailPt X, end of year
CashLn 1$3K
SavingsLn 2$927K
Cash and savings togetherLn 1–2$931K
Land, buildings, equipmentLn 10c$767
Total assetsLn 16$932K
LiabilitiesLn 26$0
Net assetsLn 32$932K
OperationsPt I, VI
EmployeesI 51
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$928K$931K
Land, buildings, equipmentLn 10c$767$767
Total assetsLn 16$929K$932K
LiabilitiesLn 26$0$0
Net assetsLn 32$929K$932K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$1K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$0
All other expensesLn 24e$0
Total functional expensesLn 25$1K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest $3K$27K−$24K$909K 990 PDF
FY2021 $4K$3K$906$932K 990 PDF
FY2020 Viewing $3K$1K$2K$932K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $3,418 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenue$0
I-10 Investment incomePrior year $6,142$3,418
I-11 Other revenue$0
I-12 Total revenuePrior year $6,142$3,418
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $1,950$1,050
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $21,121$0
I-18 Total expensesPrior year $23,071$1,050
I-19 Revenue less expensesPrior year −$16,929$2,368
Part VI · Governance 0 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members0
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $3,418 across 2 lines filed
VIII-3 Investment incomeRelated to mission $3,418$3,418
VIII-12 Total revenueRelated to mission $3,418$3,418
Part IX · Statement of functional expenses $1,050 across 29 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$1,050
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotion$0
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$0
IX-24e All other expenses$0
IX-25 Total functional expenses$1,050
Part X · Balance sheet $931,538 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $4,304$3,418
X-2 Savings and temporary cash investmentsStart of year $924,099$927,353
X-10c Land, buildings and equipment, netStart of year $767$767
X-16 Total assetsStart of year $929,170$931,538
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $929,170$931,538
X-32 Total net assets or fund balancesStart of year $929,170$931,538
X-33 Total liabilities and net assetsStart of year $929,170$931,538
Part XI · Reconciliation of net assets $931,538 net assets at year end
XI-1 Total revenue$3,418
XI-2 Total expenses$1,050
XI-3 Revenue less expenses$2,368
XI-4 Net assets at start of year$929,170
XI-10 Net assets at end of year$931,538

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

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