2024-06-11T17:05:32-05:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 220 S 6TH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2023-01-01 411778274 LEAGUE OF MINNESOTA CITIES BUILDING COMPANY INC LEAG 6512811200 145 UNIVERSITY AVE W SAINT PAUL MN 55103 MARK RUFF FINANCE DIRECTOR 6512811200 2024-06-10 1 MARK RUFF 999009999 1 ANN NEIL P01817922 6123764500 2024-06-10 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z LUKE FISCHER 145 UNIVERSITY AVE W SAINT PAUL MN 55103 1321913 0 X WWW.LMC.ORG X 1994 MN TO ACQUIRE, HOLD TITLE, AND COLLECT RENT FOR THE BUILDING AND ADJOINING PROPERTIES. 5 4 0 5 0 0 957030 206861 0 0 0 0 -123997 -79173 833033 127688 0 0 0 0 0 0 0 0 0 460169 476375 460169 476375 372864 -348687 6477208 6096428 208299 176206 6268909 5920222 TO ACQUIRE, HOLD TITLE AND COLLECT RENT FOR THE BUILDING AND ADJOINING PROPERTIES. ALL INCOME AND EXPENSES RELATE TO THE OPERATIONS OF LEAGUE PROPERTIES THAT HOUSE THE TAX EXEMPT OPERATIONS OF THE LEAGUE OF MINNESOTA CITIES, AND THE LEAGUE OF MINNESOTA CITIES INSURANCE TRUST. 0 0 TO ACQUIRE, HOLD TITLE AND COLLECT RENT FOR THE BUILDING AND ADJOINING PROPERTIES. ALL INCOME AND EXPENSES RELATE TO THE OPERATIONS OF LEAGUE PROPERTIES THAT HOUSE THE TAX EXEMPT OPERATIONS OF THE LEAGUE OF MINNESOTA CITIES, AND THE LEAGUE OF MINNESOTA CITIES INSURANCE TRUST. 0 1 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 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 X 5 4 0 1 0 0 1 1 1 1 0 0 0 1 0 0 1 0 0 0 X MARK RUFF 6512811200 145 UNIVERSITY AVE W SAINT PAUL MN 55103 DAVID UNMACHT THRU 52023 PRESIDENT 0.25 39.75 X X 0 157282 17257 LUKE FISCHER BEG 62023 PRESIDENT 0.25 39.75 X X 0 238087 29716 AMY BRENDMOEN MEMBER 0.25 39.75 X 0 0 0 DAVE CALLISTER MEMBER 0.25 39.75 X 0 0 0 CLINTON GRIDLEY MEMBER 0.25 39.75 X 0 0 0 PHIL KERN MEMBER 0.25 39.75 X 0 0 0 0 395369 46973 0 0 1 0 ENVISION GLASS 1460 COUNTY ROAD C WEST SAINT PAUL MN 55113 CONSTRUCTION 205574 RJM CONSTRUCTION LLC 830 BOONE AVENUE NORTH GOLDEN VALLEY MN 55427 CONSTRUCTION 173444 2 206861 206861 1093295 1194225 -100930 -100930 -100930 PARKING LEASE REVENUE 900099 13943 13943 MISCELLANEOUS REVENUE 900099 7814 7814 21757 127688 -100930 0 21757 SHAREHOLDER DISBURSEMEN 476375 476375 385 7808 14534966 8747413 6187022 5787553 289801 301067 6477208 6096428 3234 3520 205065 172686 208299 176206 X 0 0 6268909 5920222 0 0 6268909 5920222 6477208 6096428 -348687 0 X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 300000 300000 14164679 8685291 5479388 70287 62122 8165 5787553 DEFERRED INFLOW - LEASES 172686 172686 X PART X, LINE 2: THE BUILDING COMPANY HAS OBTAINED A RULING FROM THE IRS THAT IT IS EXEMPT FROM FEDERAL INCOME TAX SINCE IT IS EXEMPT UNDER SECTION 501(C)(25) OF THE IRC. THE LEAGUE'S BUILDING COMPANY MAY BE SUBJECT TO FEDERAL AND STATE INCOME TAXES ON ANY INCOME THAT IS UNRELATED TO THEIR EXEMPT PURPOSES. THE LEAGUE'S BUILDING COMPANY HAD NO UNRELATED BUSINESS INCOME DURING FISCAL YEAR 2023. THE LEAGUE'S BUILDING COMPANY IS NOT SUBJECT TO STATE INCOME TAX OTHER THAN ON UNRELATED BUSINESS INCOME. 0 0 0 LUKE FISCHER BEG 62023 PRESIDENT 0 234867 0 0 0 3220 0 17596 0 12120 0 267803 0 0 DAVID UNMACHT THRU 52023 PRESIDENT 0 155107 0 0 0 2175 0 9162 0 8095 0 174539 0 0 PART I, LINE 3 THE RELATED ORGANIZATION USED THE FOLLOWING METHODS TO DETERMINE THE COMPENSATION: COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, WRITTEN EMPLOYMENT CONTRACT, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE. FORM 990, PART VI, SECTION A, LINE 3 THE BUILDING SERVES AS THE CORPORATE HEADQUARTERS FOR BOTH MEMBERS WHO OWN, MANAGE AND OPERATE THE PROPERTY AND BUILDING AS AN OFFICE BUILDING FOR THEIR MUTUAL USE AND BENEFIT. THE LEAGUE OF MINNESOTA CITIES SERVES AS THE BUILDING COMPANY'S PROPERTY MANAGEMENT COMPANY. SUCH SERVICES INCLUDE RESPONSIBILITY FOR ALL FINANCIAL ACTIVITIES INCLUDING TAX MATTERS. COMPENSATION PAID TO OFFICERS BY THE RELATED ORGANIZATION IS REPORTED IN FORM 990, PART VII. FORM 990, PART VI, SECTION A, LINE 6 THE BUILDING COMPANY HAS TWO MEMBERS, LEAGUE OF MINNESOTA CITIES (LMC) AND LEAGUE OF MINNESOTA CITIES INSURANCE TRUST (LMCIT). FORM 990, PART VI, SECTION A, LINE 7A LMC APPOINTS TWO MEMBERS, LMCIT APPOINTS TWO MEMBERS AND THE FIFTH MEMBER IS THE EXECUTIVE DIRECTOR OF LMC (WHO IS ALSO A TRUSTEE OF LMCIT). FORM 990, PART VI, SECTION A, LINE 7B THE INSTITUTIONAL MEMBERS HAVE THE ABILITY TO MAKE DECISIONS THAT BIND THE BUILDING COMPANY. FORM 990, PART VI, SECTION A, LINE 8B THE BUILDING COMPANY DOES NOT HAVE ANY COMMITTEES WITH THE BROAD AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B A THIRD PARTY INDEPENDENT ACCOUNTING FIRM PREPARED THE RETURN. ONCE PREPARED, IT IS SUBMITTED TO THE LMC DIRECTOR OF FINANCE FOR REVIEW. THE DIRECTOR OF FINANCE REVIEWS AND APPROVES ANY CHANGES TO THE FORM 990 BEFORE IT IS FILED WITH THE IRS AND A COPY IS MADE AVAILABLE TO THE ORGANIZATION'S GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 15 AN INDEPENDENT PERSON IS CONTRACTED TO FACILITATE THE EXECUTIVE DIRECTOR'S ANNUAL PERFORMANCE EVALUATION. GENERALLY, EVERY THIRD YEAR, THE PROCESS INCLUDES USE OF A COMPENSATION CONSULTANT TO PROVIDE A MARKET STUDY OF THE EXECUTIVE DIRECTOR'S POSITION. THE LAST MARKET STUDY WAS CONDUCTED IN 2020. IN 2023, DUE TO FORMER EXECUTIVE DIRECTOR DAVE UNMACHT'S RETIREMENT, THIS PROCESS SHIFTED TO THE FOLLOWING YEAR. THE MARKET STUDY WILL BE CONDUCTED AGAIN IN 2024. FORM 990, PART VI, SECTION C, LINE 19 THE BUILDING COMPANY'S GOVERNING DOCUMENTS AND THE FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 24A: SHAREHOLDER DISBURSEMENTS ARE REPORTING THE FILING ORGANIZATION'S DISBURSEMENT OF PROFIT AND PROCEEDS OF THE SALE OF PROPERTIES IN ACCORDANCE WITH THE FILING ORGANIZATION'S BYLAWS. LEAGUE OF MINNESOTA CITIES 145 UNIVERSITY AVE W ST PAUL MN 551032044 416007047 INSTRUMENTALLY OF MN MN N/A 0 LEAGUE OF MINNESOTA CITIES INSURANCE TRUST 145 UNIVERSITY AVE W ST PAUL MN 551032044 416007047 JOINT POWERS-INSURANCE MN N/A 0 LEAGUE OF MINNESOTA CITIES RESEARCH FOUNDATION 145 UNIVERSITY AVE W ST PAUL MN 551032044 477477538 RESEARCH MN 501(C)(3) LINE 12C, III-FI N/A 0 0 0 1 0 0 0 0 0 0 1 0 0 1 1 0 1 0 0 0