EIN 41-1634385

Minnesota Self-Insurer'S Security Fund (MNSISF)

IRS 501(c) type
501(c)(6)
Num. employees
0
Year formed
1988
Most recent tax filings
2022-06-01
Description
To fulfill the obligations placed upon it by Minnesota session laws, and acts amendatory thereto, and such other purposes with unlimited power to engage in and do any lawful act which any corporation organized as a non-profit corporation.
Total revenues
$2,139,379
2022
Total expenses
$1,964,922
2022
Total assets
$14,241,443
2022
Num. employees
0
2022

Program areas at MNSISF

The organization was set up as a result of an act passed by the Minnesota legislature in regard to workers' compensation. The purpose of the Fund is to insure that any workers whose work related injury occurred when an employer was duly self-insured in the state of Minnesota, will continue to receive workers' compensation benefits in the event the self-insured employer files for bankruptcy, becomes insolvent and/or defaults on its workers' compensation obligation. Currently the Minnesota self-insurers' Security Fund is utilizing posted Security obtained from defaulting members and assessments to pay claims to or on behalf of the injured employees.if the posted Security is inadequate, members of the Minnesota self-insurers' Security Fund will be assessed so that the injured employees continue to receive appropriate benefits.

Personnel at MNSISF

NameTitleCompensation
Carl W CumminsExecutive Director$51,697
Andrew J. MorrisonGeneral Counsel
Janel Wahl FrenchTreasurer$4,250
Rick TheisenSecretary$2,250
Brad KolandVice Chair$1,450
...and 4 more key personnel

Financials for MNSISF

RevenuesFYE 06/2022
Total grants, contributions, etc.$0
Program services$1,964,175
Investment income and dividends$110,608
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$64,596
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$2,139,379

Form 990s for MNSISF

Fiscal year endingDate received by IRSFormPDF link
2022-062023-05-11990View PDF
2020-062021-05-05990View PDF
2019-062021-06-07990View PDF
2018-062019-09-14990View PDF
2017-062018-10-16990View PDF
...and 7 more Form 990s
Data update history
August 12, 2022
Posted financials
Added Form 990 for fiscal year 2020
July 10, 2022
Used new vendors
Identified 2 new vendors, including , and
November 24, 2021
Updated personnel
Identified 2 new personnel
October 9, 2021
Posted financials
Added Form 990 for fiscal year 2019
September 30, 2020
Posted financials
Added Form 990 for fiscal year 2018
Nonprofit Types
Mutual assistance organizationsInsurance companiesEnvironmental organizations
Issues
Community improvementBusiness and industry
Characteristics
MembershipsState / local levelNo full-time employees
General information
Address
161 Saint Anthony Ave 818
St Paul, MN 55103
Metro area
Minneapolis-St. Paul-Bloomington, MN-WI
Website URL
mnsisf.org/ 
Phone
(651) 291-9155
IRS details
EIN
41-1634385
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1988
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
Y20: Insurance Providers, Services
NAICS code, primary
524126: Direct Property and Casualty Insurance Carriers
Parent/child status
Independent
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