Nonprofit · EIN 41-0825288
INSURANCE FEDERATION OF MINNESOTA
Tax-exempt · ALBERTVILLE, MN 55301
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $910,874 | $812,889 | $97,985 | $746,083 | $77,813 | $668,270 |
| December 31, 2023 | 990 | $804,252 | $750,504 | $53,748 | $641,585 | $93,981 | $547,604 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $896,800
- Investment income
- $14,074
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $370,828
- Salaries, compensation and benefits (total)
- $385,796
- Professional fundraising fees
- $0
- Legal fees
- $51,445
- Accounting fees
- $19,828
- Travel
- $54,293
- Depreciation
- $2,746
Balance sheet and other
- Total assets, start of year
- $641,585
- Total assets, end of year
- $746,083
- Total liabilities, end of year
- $77,813
- Net assets, end of year
- $668,270
- Land, buildings and equipment
- $1,024
- Publicly traded securities
- $447,126
- Net assets without donor restrictions
- $668,270
- Gross receipts
- $910,874
- Employees
- 1
- Volunteers
- 20
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| AARON COCKING | PRESIDENT Officer | 40 | $302,677 | $66,109 |
| PAUL ABLAN | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| TERRY MILLER | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| MIKE HAPPE | EX-OFF SEC/T Officer | 1 | $0 | $0 |
| CHRIS MERIDETH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DOUG RARIG | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PETE HELLIE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JESS ALANIS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JODY LAWNSDAIL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ADAM AXVIG | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KEITH PETERSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MATT STEELE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RICK LONG | DIRECTOR Trustee or director | 1 | $0 | $0 |
| STEVE KNUTSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| VICKY RIZZOLO | DIRECTOR Trustee or director | 1 | $0 | $0 |
5 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SEAN PICK | DIRECTOR Trustee or director | 1 | $0 |
| GREG SATHER | DIRECTOR Trustee or director | 1 | $0 |
| JEREMY KRUMWIEDE | DIRECTOR Trustee or director | 1 | $0 |
| DEREK WORTMAN | DIRECTOR Trustee or director | 1 | $0 |
| LANCE MAYBERRY | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 20 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| AARON COCKING | PRESIDENT Officer | 40 | $287,348 | $66,575 |
| MARK E KULDA | VP PUBLIC AF Officer | 40 | $126,811 | $38,651 |
| PAUL ABLAN | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| TERRY MILLER | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| MIKE HAPPE | EX-OFF SEC/T Officer | 1 | $0 | $0 |
| CHRIS MERIDETH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DOUG RARIG | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PETE HELLIE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JESS ALANIS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JODY LAWNSDAIL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOE MUCKENHIRN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KEITH PETERSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MATT STEELE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RICK LONG | DIRECTOR Trustee or director | 1 | $0 | $0 |
| STEVE KNUTSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| VICKY RIZZOLO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SEAN PICK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| EDEN PEARSON LEFT DURING FY23 | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KEVIN TRAETOW LEFT DURING FY23 | DIRECTOR Trustee or director | 1 | $0 | $0 |
| AARON PEARCE LEFT DURING FY23 | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 11614 LAKETOWNE VW, ALBERTVILLE, MN 55301-4356
- Principal officer (990 for 2024)
- AARON COCKING, PO BOX 1505, MAPLE GROVE, MN 55311
- Signed the 990
- AARON COCKING, PRESIDENT
- Phone
- (763) 657-8690
- Return prepared by
- BOYUM & BARENSCHEER PLLP
Mission
ADVOCATING ON BEHALF OF INSURERS ANED CONSUMERS TO IMPROVE BUSINESS CONDITIONS IN THE INSURANCE INDUSTRY.
Program accomplishments
- PROVIDES VARIOUS SERVICES ON BEHALF OF ITS MEMBERS TO IMPROVE THE INSURANCE INDUSTRY IN THE STATE OF MINNESOTA.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 41-0825288
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1960
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $746,083
- Income (IRS master file)
- $910,874
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $910,874 | $812,889 | $746,083 | XML |
| 990 | December 2023 | $804,252 | $750,504 | $641,585 | XML |
| 990 | December 2022 | $792,311 | $744,874 | $507,179 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 41-0825288).
Questions about INSURANCE FEDERATION OF MINNESOTA
- What is the EIN of INSURANCE FEDERATION OF MINNESOTA?
- The employer identification number (EIN) of INSURANCE FEDERATION OF MINNESOTA is 41-0825288.
- Is INSURANCE FEDERATION OF MINNESOTA tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1960.
- Are donations to INSURANCE FEDERATION OF MINNESOTA tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does INSURANCE FEDERATION OF MINNESOTA file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of INSURANCE FEDERATION OF MINNESOTA due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did INSURANCE FEDERATION OF MINNESOTA last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of INSURANCE FEDERATION OF MINNESOTA?
- The 990 for the year ended December 31, 2024 names AARON COCKING.
- Who are the officers and directors of INSURANCE FEDERATION OF MINNESOTA?
- The 990 for the year ended December 31, 2024 lists 20 people; 1 received compensation from the organization, the highest $302,677 (AARON COCKING, PRESIDENT).
- How much revenue does INSURANCE FEDERATION OF MINNESOTA have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $910,874, expenses of $812,889 and total assets of $746,083 at year end.
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