Nonprofit · EIN 41-1634385
THE MINNESOTA SELF-INSURERS SECURITY FUND
Tax-exempt · SAINT PAUL, MN 55103
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $2,842,331 | $2,897,868 | -$55,537 | $18,786,579 | $15,725,849 | $3,060,730 |
| June 30, 2024 | 990 | $9,877,695 | $10,946,923 | -$1,069,228 | $18,933,750 | $16,471,128 | $2,462,622 |
| June 30, 2023 | 990 | $2,905,061 | $2,177,717 | $727,344 | $13,214,298 | $9,509,011 | $3,705,287 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $2,910,719
- Investment income
- -$68,388
- Net gain from sales of assets
- -$285,443
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $67,769
- Salaries, compensation and benefits (total)
- $67,769
- Professional fundraising fees
- $0
- Legal fees
- $27,519
- Accounting fees
- $130,296
- Occupancy
- $19,831
Balance sheet and other
- Total assets, start of year
- $18,933,750
- Total assets, end of year
- $18,786,579
- Total liabilities, end of year
- $15,725,849
- Net assets, end of year
- $3,060,730
- Publicly traded securities
- $5,169,600
- Gross receipts
- $6,917,924
- Employees
- 0
- Volunteers
- 4
- Year formed
- 1988
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BRANDON MILLER | EXECUTIVE DIRECTOR Officer | 9 | $56,650 |
| BRAD KOLAND | CHAIR Trustee or director, Officer | 1 | $5,000 |
| SUMRATI TICKOO | TREASURER Trustee or director, Officer | 3 | $4,400 |
| MICHAEL HAPPE | TRUSTEE Trustee or director | 1 | $2,700 |
| HOWARD BICKER | TRUSTEE Trustee or director | 1 | $2,050 |
| BERNIE BERNHAM | TRUSTEE Trustee or director | 1 | $0 |
| DALE HAUG | CHAIR (UNTIL 8/24) Trustee or director, Officer | 1 | $0 |
| LEE INGRASSIA | TRUSTEE Trustee or director | 1 | $0 |
| LISA MALOY | TRUSTEE Trustee or director | 1 | $0 |
| JEFF MCBRIDE | TRUSTEE (UNTIL 2/25) Trustee or director | 1 | $0 |
| BILL MCCARTHY | PRESIDENT EMERITUS (UNTIL 11/24) Trustee or director, Officer | 1 | $0 |
| JIM OUKRUP | TRUSTEE (UNTIL 11/24) Trustee or director | 1 | $0 |
| SHELLEY ROBASSE-SOUKUP | TRUSTEE Trustee or director | 1 | $0 |
| RICK THEISEN | SECRETARY (UNTIL 8/24) Trustee or director, Officer | 1 | $0 |
| STEPHANIE ZIMMERLI | TRUSTEE Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CARL W CUMMINS III | EXECUTIVE DIRECTOR (UNTIL 11/30/23) Officer | 9 | $52,500 |
| JANEL WAHL FRENCH | TREASURER (UNTIL 6/30/24) Trustee or director, Officer | 3 | $4,850 |
| BRANDON MILLER | EXECUTIVE DIRECTOR Officer | 9 | $4,583 |
| RICK THEISEN | SECRETARY Trustee or director, Officer | 1 | $3,000 |
| BRAD KOLAND | VICE CHAIR Trustee or director, Officer | 1 | $2,850 |
| JAMES OUKROP | TRUSTEE Trustee or director | 1 | $2,650 |
| HOWARD BICKER | TRUSTEE Trustee or director | 1 | $2,650 |
| SUMRATI TICKOO | TREASURER Trustee or director, Officer | 3 | $2,050 |
| BILL MCCARTHY | PRESIDENT EMERITUS Trustee or director, Officer | 1 | $2,050 |
| DALE HAUG | CHAIR Trustee or director, Officer | 1 | $0 |
| JEFF MCBRIDE | TRUSTEE Trustee or director | 1 | $0 |
990 for the year ended June 30, 2023: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CARL W CUMMINS III | EXECUTIVE DIRECTOR Officer | 9 | $50,000 |
| JANEL WAHL FRENCH | TREASURER Trustee or director, Officer | 3 | $4,700 |
| BRAD KOLAND | VICE CHAIR Trustee or director, Officer | 1 | $2,400 |
| RICK THEISEN | SECRETARY Trustee or director, Officer | 1 | $2,250 |
| BILL MCCARTHY | PRESIDENT EMERITUS Trustee or director, Officer | 1 | $1,900 |
| JAMES OUKROP | TRUSTEE Trustee or director | 1 | $1,900 |
| HOWARD BICKER | TRUSTEE Trustee or director | 1 | $1,750 |
| SUMRATI TICKOO | TRUSTEE Trustee or director | 1 | $900 |
| DALE HAUG | CHAIR Trustee or director, Officer | 1 | $0 |
| JEFF MCBRIDE | TRUSTEE Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 161 RONDO AVE STE 818, SAINT PAUL, MN 55103-2455
- In care of
- % GRACO INC
- Principal officer (990 for 2024)
- BRAD KOLAND, 161 RONDO AVENUE SUITE 818, ST PAUL, MN 55103
- Signed the 990
- BRAD KOLAND, BOARD CHAIR
- Phone
- (651) 291-9155
- Website
- WWW.MNSISF.ORG
- Return prepared by
- RSM US LLP
Mission
THE PURPOSE OF MINNESOTA SELF-INSURER'S SECURITY FUND IS TO FULFILL THE OBLIGATIONS PLACED UPON IT BY MINNESOTA SESSION LAWS, CHAPTER 674 (1988), CODIFIED AS MINN. STAT. SECTION 79A.01 ET.SEQ., AND ACTS AMENDATORY THERETO, AND SUCH OTHER PURPOSES WITH UNLIMITED POWER TO ENGAGE IN AND DO ANY LAWFUL ACT WHICH ANY CORPORATION ORGANIZED AS A NON-PROFIT CORPORATION UNDER THE LAWS OF THE STATE OF MINNESOTA MAY DO.
Program accomplishments
- THE ORGANIZATION WAS SET UP AS A RESULT OF AN ACT PASSED BY THE MINNESOTA LEGISLATURE IN REGARD TO WORKERS' COMPENSATION. THE PURPOSE OF THE FUND IS TO INSURE THAT ANY WORKERS WHOSE WORK RELATED INJURY OCCURRED WHEN AN EMPLOYER WAS DULY SELF-INSURED IN THE STATE OF MINNESOTA, WILL CONTINUE TO RECEIVE WORKERS' COMPENSATION BENEFITS IN THE EVENT THE SELF-INSURED EMPLOYER FILES FOR BANKRUPTCY, BECOMES INSOLVENT AND/OR DEFAULTS ON ITS WORKERS' COMPENSATION OBLIGATION. CURRENTLY THE MINNESOTA SELF-INSURER'S SECURITY FUND IS UTILIZING POSTED SECURITY OBTAINED FROM DEFAULTING MEMBERS AND ASSESSMENTS TO PAY CLAIMS TO OR ON BEHALF OF THE INJURED EMPLOYEES.IF THE POSTED SECURITY IS INADEQUATE, MEMBERS OF THE MINNESOTA SELF-INSURER'S SECURITY FUND WILL BE ASSESSED SO THAT THE INJURED EMPLOYEES CONTINUE TO RECEIVE APPROPRIATE BENEFITS.
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 41-1634385
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 2002
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S410)
- Assets (IRS master file)
- $18,786,579
- Income (IRS master file)
- $6,917,924
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $2,842,331 | $2,897,868 | $18,786,579 | IRS |
| 990 | June 2024 | $9,877,695 | $10,946,923 | $18,933,750 | XML |
| 990 | June 2023 | $2,905,061 | $2,177,717 | $13,214,298 | XML |
| 990 | June 2022 | $2,139,379 | $1,964,922 | $14,241,443 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 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 41-1634385).
Questions about THE MINNESOTA SELF-INSURERS SECURITY FUND
- What is the EIN of THE MINNESOTA SELF-INSURERS SECURITY FUND?
- The employer identification number (EIN) of THE MINNESOTA SELF-INSURERS SECURITY FUND is 41-1634385.
- Is THE MINNESOTA SELF-INSURERS SECURITY FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2002.
- Are donations to THE MINNESOTA SELF-INSURERS SECURITY FUND tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does THE MINNESOTA SELF-INSURERS SECURITY FUND 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 THE MINNESOTA SELF-INSURERS SECURITY FUND due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE MINNESOTA SELF-INSURERS SECURITY FUND last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of THE MINNESOTA SELF-INSURERS SECURITY FUND?
- The 990 for the year ended June 30, 2025 names BRAD KOLAND.
- Who are the officers and directors of THE MINNESOTA SELF-INSURERS SECURITY FUND?
- The 990 for the year ended June 30, 2025 lists 15 people; 5 received compensation from the organization, the highest $56,650 (BRANDON MILLER, EXECUTIVE DIRECTOR).
- How much revenue does THE MINNESOTA SELF-INSURERS SECURITY FUND have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $2,842,331, expenses of $2,897,868 and total assets of $18,786,579 at year end.
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