Nonprofit · EIN 41-0950742
MINNESOTA FAIR PLAN
Tax-exempt · BLOOMINGTON, MN 55425
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $4,108,120 | $2,957,433 | $1,150,687 | $3,208,455 | $2,398,028 | $810,427 |
| December 31, 2023 | 990 | $3,284,697 | $4,136,981 | -$852,284 | $1,833,374 | $2,150,408 | -$317,034 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $4,023,035
- Investment income
- $84,869
- Other revenue
- $216
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $194,711
- Other salaries and wages
- $329,308
- Salaries, compensation and benefits (total)
- $723,414
- Professional fundraising fees
- $0
- Legal fees
- $2,954
- Accounting fees
- $43,450
- Occupancy
- $66,196
- Travel
- $8,177
Balance sheet and other
- Total assets, start of year
- $1,833,374
- Total assets, end of year
- $3,208,455
- Total liabilities, end of year
- $2,398,028
- Net assets, end of year
- $810,427
- Gross receipts
- $4,108,120
- Employees
- 5
- Volunteers
- 0
- Year formed
- 1969
- State of legal domicile
- MN
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 |
|---|---|---|---|---|
| GARY RUPP | EXECUTIVE DIRECTOR Officer | 37.5 | $177,646 | $13,665 |
| BRIAN HALLGREN | INSURANCE OPERATIONS MANAGER Highest-paid employee | 37.5 | $129,190 | $10,432 |
| ELAINE LOVE | TREASURER Trustee or director, Officer | 1 | $1,200 | $0 |
| MICHAEL MCHUGH | SECRETARY Trustee or director, Officer | 1 | $800 | $0 |
| SHERI MELANDER-SMITH | DIRECTOR Trustee or director | 1 | $800 | $0 |
| STEVE KELLEY | DIRECTOR BEGINNING JUNE Trustee or director, Officer | 1 | $600 | $0 |
| ROGER OOMS | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| VICKY RIZZOLO | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| SCOTT BAUER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| AMY HERRICK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHRIS MERIDETH | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| GARY RUPP | EXECUTIVE DIRECTOR Officer | 37.5 | $170,424 | $13,194 |
| BRIAN HALLGREN | INSURANCE OPERATIONS MANAGER Highest-paid employee | 37.5 | $119,523 | $9,578 |
| ELAINE LOVE | TREASURER Trustee or director, Officer | 1 | $2,000 | $0 |
| MICHAEL MCHUGH | SECRETARY Trustee or director, Officer | 1 | $1,600 | $0 |
| SHERI MELANDER-SMITH | DIRECTOR Trustee or director | 1 | $1,200 | $0 |
| ROGER OOMS | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| VICKY RIZZOLO | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| SCOTT BAUER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MIKE FLUGUM | DIRECTOR Trustee or director | 1 | $0 | $0 |
| AMY HERRICK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHRIS MERIDETH | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 7900 INTERNATIONAL DR STE 625, BLOOMINGTON, MN 55425-2559
- Principal officer (990 for 2024)
- GARY RUPP, 7900 INTERNATIONAL DRIVE 625, BLOOMINGTON, MN 55425
- Signed the 990
- GARY RUPP, EXECUTIVE DIRECTOR
- Phone
- (612) 338-7584
- Website
- WWW.MNFAIRPLAN.ORG
- Return prepared by
- OLSEN THIELEN & CO LTD
Mission
TO PROVIDE OWNERS AND TENANTS OF INDIVIDUAL RESIDENCES, SMALL BUSINESS OWNERS, FARMERS AND CO-OP RESIDENTS AN OPPORTUNITY TO PURCHASE LIMITED PROPERTY OR HOMEOWNERS INSURANCE WHEN THEY ARE UNABLE TO DO SO IN THE VOLUNTARY MARKET.
Program accomplishments
- DURING 2024, THE MINNESOTA FAIR PLAN PROVIDED INSURANCE COVERAGE TO APPROXIMATELY 3,400 POLICYHOLDERS THROUGHOUT THE STATE OF MINNESOTA. THE MN FAIR PLAN CONTINUED ITS ROLE AS THE PRIMARY FINANCIAL SUPPORTER FOR THE IAAI'S ARSON HOTLINE REWARD PROGRAM. IN ADDITION, THE FAIR PLAN CONTINUED ITS ROLE AS THE PRIMARY FINANCIAL SUPPORTER FOR THE GOVERNOR'S FIRE SAFETY DAY AT THE STATE FAIR.
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
- 41-0950742
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1970
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $3,208,455
- Income (IRS master file)
- $4,108,120
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $4,108,120 | $2,957,433 | $3,208,455 | IRS |
| 990 | December 2023 | $3,284,697 | $4,136,981 | $1,833,374 | XML |
| 990 | December 2022 | $2,996,039 | $3,501,113 | $2,205,893 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 41-0950742).
Questions about MINNESOTA FAIR PLAN
- What is the EIN of MINNESOTA FAIR PLAN?
- The employer identification number (EIN) of MINNESOTA FAIR PLAN is 41-0950742.
- Is MINNESOTA FAIR PLAN tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1970.
- Are donations to MINNESOTA FAIR PLAN tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does MINNESOTA FAIR PLAN 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 MINNESOTA FAIR PLAN 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 MINNESOTA FAIR PLAN 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 MINNESOTA FAIR PLAN?
- The 990 for the year ended December 31, 2024 names GARY RUPP.
- Who are the officers and directors of MINNESOTA FAIR PLAN?
- The 990 for the year ended December 31, 2024 lists 11 people; 6 received compensation from the organization, the highest $177,646 (GARY RUPP, EXECUTIVE DIRECTOR).
- How much revenue does MINNESOTA FAIR PLAN have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $4,108,120, expenses of $2,957,433 and total assets of $3,208,455 at year end.
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