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Filing year 2023

SOUTH CENTRAL MINNESOTA ELECTRICAL WORKERS INDUSTRY WELFARE PLAN

Bloomington, Minnesota·EIN 41-1305411·501(c)(9)
Total revenue
$21.7M
Total assets
$75.2M
Total expenses
$17.9M
Reported officers
8
Mission

TO PROVIDE HEALTH AND WELFARE BENEFITS

Executive compensation

Form 990 · Part VII & Schedule J · 4 reported individuals · Filing year 2023

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

Trustee
Board Member
Median to 75th percentile
$50k
$55k
Trustee
Board Member
25th percentile to median
$6k
$7k
Trustee
Board Member
Below 10th percentile
$1k
$1k
Trustee
Board Member
Below 10th percentile
$97
$106

Teal figures restate each filed amount in 2026 dollars.

Estimated with Minneapolis-St.Paul-Bloomington, MN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 4 unpaid individuals.

Up 116%
from 2022

From $23k in 2022 to $50k in 2023.

$23k
2022
$50k
2023
In today's dollarsEst.
Up 111% in real terms$26k to $55k

Estimated with Minneapolis-St.Paul-Bloomington, MN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Board Member pay rose 116% from 2022 to 2023, while revenue rose 19%.

$23k in 2022 to $50k in 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

SOUTH CENTRAL MINNESOTA ELECTRICAL WORKERS INDUSTRY WELFARE PLAN reported revenue and expenses across 2 filing years.

RevenueExpenses
$18.1M
$13.6M
2022
$21.7M
$17.9M
2023
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about SOUTH CENTRAL MINNESOTA ELECTRICAL WORKERS INDUSTRY WELFARE PLAN

What does the Board Member of SOUTH CENTRAL MINNESOTA ELECTRICAL WORKERS INDUSTRY WELFARE PLAN earn?

In 2023, the Board Member of SOUTH CENTRAL MINNESOTA ELECTRICAL WORKERS INDUSTRY WELFARE PLAN received $50,283 in total compensation. This pay is above the median (the midpoint) for Board Member roles among nonprofits nationwide, across all sectors, within the top half of comparable filings. Based on IRS Form 990 data.

How does Board Member pay at SOUTH CENTRAL MINNESOTA ELECTRICAL WORKERS INDUSTRY WELFARE PLAN compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2023 pay of the Board Member at SOUTH CENTRAL MINNESOTA ELECTRICAL WORKERS INDUSTRY WELFARE PLAN falls between the median and the 75th percentile.

What are SOUTH CENTRAL MINNESOTA ELECTRICAL WORKERS INDUSTRY WELFARE PLAN's revenue and expenses?

In 2023, SOUTH CENTRAL MINNESOTA ELECTRICAL WORKERS INDUSTRY WELFARE PLAN reported $21.7M in total revenue and $17.9M in total expenses on its IRS Form 990.

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