2025-11-14T12:54:57-06:00 2024-12-31 450250958 Eide Bailly LLP 800 Nicollet Mall Ste 1300 Minneapolis MN 554027033 990 2024-01-01 271461867 Nonprofit Insurance Trust Inc NONP 9524695963 21034 Heron Way Ste 107 Lakeville MN 550440327 Jim Bettendorf Board Chair 9524695963 2025-11-10 1 1 Kim Hunwardsen CPA P00484560 6122536500 2025-11-10 2024 2025-03-06 01:10:19Z Jim Bettendorf 21034 Heron Way Ste 107 Lakeville MN 550440327 38089329 0 X www.nitmn.org X 2009 MN Administer self insurance pools for nonprofit organizations in Minnesota. 9 9 0 9 0 0 0 0 17100499 18466270 773345 1311232 0 0 17873844 19777502 0 0 0 0 0 0 0 0 0 15112461 18575240 15112461 18575240 2761383 1202262 45356707 46599222 20648049 20509553 24708658 26089669 X None 0 0 15067535 18466270 The Nonprofit Insurance Trust (Trust) was established to administer self-insurance pools for nonprofit organizations in the State of Minnesota. The members of the Trust are made up of day support services programs, employment training facilities for clients with disabilities, group homes, community mental health centers, community service organizations, nonprofit schools, and other social service organizations. The Trust is formed to pool the risks of the member organizations. The Trust may have one or more pools of nonprofit organizations. The Trust negotiates the insurance contracts, determines and processes eligibility decisions, communicates the plan features and rates to subscribers, administers claims and billing issues, collects premiums, and monitors legislative developments that affect the insurance plan. 15067535 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 194 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 0 0 0 MN X Shawn Freundschuh 9524695963 21034 Heron Way Suite 107 Lakeville MN 55044 X Jim Bettendorf Chair 1.00 X X 0 0 0 Tom Gillespie Vice Chair 1.00 X X 0 0 0 Laura Purfeerst Treasurer 1.00 X X 0 0 0 Kris Solz Secretary 1.00 X X 0 0 0 Lynne Megan Board Member 1.00 X 0 0 0 Robert Pickering Board Member 1.00 X 0 0 0 Judie Foster Lupkin Board Member 1.00 X 0 0 0 Ashley Kjos Board Member 1.00 X 0 0 0 Sarah Ackerman Board Member 1.00 X 0 0 0 0 0 0 0 0 0 0 NPIA Inc 21034 Heron Way Suite 107 Lakeville MN 55044 Administative Fees 3052990 Lind Jensen Sullivan & Peterson 901 Marquette Ave Ste 1300 Minneapolis MN 554023237 Legal 1606859 CorVel PO Box 1450 NW 5820 Minneapolis MN 55485 Bill Review Services 193117 3 Premium Income 524298 18466270 18466270 18466270 1372940 1372940 18250119 18311827 -61708 -61708 -61708 19777502 18466270 0 1311232 X 281801 281801 64450 64450 94903 94903 3062928 32752 3030176 1110 1110 165499 165499 Losses & Loss Adjustmen 11230304 11230304 Claims Expense 3073279 3073279 SCF Assessment 321385 321385 279581 244316 35265 18575240 15067535 3507705 0 737624 152126 1995084 1305450 198998 194908 780520 780520 0 0 39289245 42395515 1000000 1000000 2135756 1551223 45356707 46599222 1456488 1430632 19191561 19078921 20648049 20509553 X 24708658 26089669 24708658 26089669 45356707 46599222 1202262 178749 0 X 0 1 X 0 0 X 16080535 17587158 17052812 17100499 18466270 86287274 16080535 17587158 17052812 17100499 18466270 86287274 0 6454440 6143426 6077907 6069224 6313210 31058207 6454440 6143426 6077907 6069224 6313210 31058207 55229067 626766 619227 414209 685511 1372940 3718653 626766 619227 414209 685511 1372940 3718653 16707301 18206385 17467021 17786010 19839210 90005927 0.61360 0.60690 0.04130 0.03580 X 780520 780520 0 0 Unpaid Losses 13663057 Advance Premiums 1394959 Unearned Premiums 4020905 19078921 X 19886189 178749 178749 19707440 70062 70062 19777502 18505178 0 18505178 70062 70062 18575240 Part X, Line 2: The Trust evaluates its tax positions on an annual basis. Management has determined that there are no uncertain tax positions at December 31, 2024 and 2023. The Trust will recognize future accrued interest and penalties related to unrecognized tax benefits in income tax expense if incurred. Form 990, Part VI, Section A, line 6 The members of the Trust are the Minnesota Nonprofit corporations participating in the Pool. Form 990, Part VI, Section A, line 7a Each member shall have the right to vote on the election of directors. Each member has one vote, even if they only participate in one pool. Form 990, Part VI, Section A, line 7b Each member shall have the right to vote on the following matters: 1)Amendment to the Corporation's Articles of Incorporation 2)Amendment to the Articles of Incorporation that would remove, reduce or limit any existing rights as members 3)Any other matter the Board determines to submit to a vote of the members Form 990, Part VI, Section A, line 8b There are no committees with the ability to act on behalf of the board. Form 990, Part VI, Section B, line 11b The return will be prepared by the Trust Administrator and external tax preparer. A copy of the final Form 990 will be sent to each board member prior to filing. Form 990, Part VI, Section B, line 12c Board members sign an annual statement in which they agree to disclose any potential conflicts they may have with the organization. If a member has a conflict they will abstain from voting. Form 990, Part VI, Section B, line 15 The Trust does not have paid employees. The Trust purchases administrative services from Nonprofit Insurance Agency, Inc. (NPIA, Inc.). The terms of the agreement are negotiated every three years by the Board of Directors. The Board considers the cost for like-kind services in its determination of reasonableness. NPIA, Inc. is charging the trust lower than market rates for their services. The review process last was completed in October of 2023 and the next review process will be October of 2026. Form 990, Part VI, Section C, line 19 The organization makes these documents available to the public upon request. Form 990, Part IX, line 11g Program Admin Fees: Program service expenses 0. Management and general expenses 3,030,176. Fundraising expenses 0. Total expenses 3,030,176. Other Fees: Program service expenses 32,752. Management and general expenses 0. Fundraising expenses 0. Total expenses 32,752. Nonprofit Insurance Group LLC 101 South Reid Street Ste 307 Sioux Falls SD 57103 611809625 Insurance Services SD Nonprofit Insurance Trust C 398641 2195741 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0