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EIN 41-1767627

Minnesota Bankers Association Employee Benefits Trust

IRS 501(c) type
501(c)(9)
Num. employees
0
City
Eden Prairie
State
Minnesota
Year formed
1986
Most recent tax filings
2024-06-01
NTEE code, primary
Y40: Fraternal Beneficiary Societies and Voluntary Employees Associations
Description
The Minnesota Bankers Association Employee Benefits Trust provides group insurance benefits for employees of member banks of Minnesota Bankers Assoc. It offers insurance products to over 5,400 employees of banks throughout Minnesota. The MBA Life Plan provides basic and optional life insurance to 3,568 employees of Minnesota banks. Also, the MBA Disability Plan provides long-term and short-term disability insurance to 2,860 employees of Minnesota banks while the MBA Dental Plan provides dental insurance.
Related structure
Minnesota Bankers Association Employee Benefits Trust is a subordinate organization under Minnesota Bankers Association.
Total revenues
$3,582,443
2024
Total expenses
$3,801,069
2024
Total assets
$1,546,855
2024
Num. employees
0
2024

Program areas at Minnesota Bankers Association Employee Benefits Trust

The MBA Life Plan provides basic and optional life insurance to 3,518 employees of Minnesota banks.The MBA Disability Plan provides long-term and short-term disability insurance to 2,934 employees of Minnesota banks.The MBA Dental Plan provides dental insurance to 2,499 employees of Minnesota banks.

Financials for Minnesota Bankers Association Employee Benefits Trust

RevenuesFYE 06/2024
Total grants, contributions, etc.$0
Program services$3,545,877
Investment income and dividends$36,566
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$3,582,443
Data update history
June 6, 2025
Updated personnel
Identified 10 new personnel
June 1, 2025
Posted financials
Added Form 990 for fiscal year 2024
August 10, 2024
Posted financials
Added Form 990 for fiscal year 2023
July 25, 2024
Updated personnel
Identified 1 new personnel
July 12, 2024
Used new vendors
Identified 1 new vendor, including
Nonprofit Types
Fraternal societiesMutual assistance organizationsChapter / child organizations
Issues
Human servicesJobs and employment
Characteristics
State / local levelNo full-time employees
General information
Address
8050 Washington Ave S 150
Eden Prairie, MN 55344
Metro area
Minneapolis-St. Paul-Bloomington, MN-WI
County
Hennepin County, MN
Phone
(952) 835-3900
IRS details
EIN
41-1767627
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1986
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
Y40: Fraternal Beneficiary Societies and Voluntary Employees Associations
NAICS code, primary
525120: Health and Welfare Funds
Parent/child status
Subordinate organization
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