Nonprofit · EIN 41-1767627
MINNESOTA BANKERS ASSOCIATION EMPLOYEE BENEFITS TRUST
Tax-exempt · EDEN PRAIRIE, MN 55344
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $3,630,580 | $3,725,371 | -$94,791 | $1,608,973 | $318,089 | $1,290,884 |
| June 30, 2024 | 990 | $3,582,443 | $3,801,069 | -$218,626 | $1,546,855 | $161,180 | $1,385,675 |
| June 30, 2023 | 990 | $3,439,780 | $3,655,438 | -$215,658 | $1,847,930 | $218,063 | $1,629,867 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $3,589,738
- Investment income
- $40,842
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $1,837,757
- Other salaries and wages
- $305,529
- Salaries, compensation and benefits (total)
- $399,790
- Professional fundraising fees
- $0
- Accounting fees
- $39,000
- Occupancy
- $25,877
- Depreciation
- $2,213
Balance sheet and other
- Total assets, start of year
- $1,546,855
- Total assets, end of year
- $1,608,973
- Total liabilities, end of year
- $318,089
- Net assets, end of year
- $1,290,884
- Gross unrelated business income
- $40,842
- Gross receipts
- $3,630,580
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1986
- 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 | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Joe Witt | MBA President/CEO Officer | 3.7 | $0 | $463,345 | $73,313 |
| Kellie Oestrich | Chair Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Juli Popp | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Ann Hart | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Chelsea Bennett | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Amy Amundson | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Kelli Stuewe | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Stacy Meyer | Trustee/Staff Rep Trustee or director | 1 | $0 | $0 | $0 |
| Chris Ryan | Trustee/Board Rep Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 12 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Joe Witt | MBA President/CEO Officer | 3.7 | $0 | $442,753 | $67,112 |
| Andy Schornack | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Douglas Tate | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Rich Hoban | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Greg Evans | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Brian Matzke | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Troy Rosenbrook | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Erin Procko | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| John Ohlin | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Josh Johnson | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Ralph Pace | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Jim Boerjan | Trustee Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 9 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Joe Witt | MBA President/CEO Officer | 3.7 | $0 | $418,552 | $64,322 |
| Heather Johnson | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Douglas Tate | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Kellie Oestrich | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Sara Bode | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Amy Amundson | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Chelsea Bennett | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Joan Giefer | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Stacy Meyer | Trustee Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 8050 WASHINGTON AVE S STE 150, EDEN PRAIRIE, MN 55344-3724
- Principal officer (990 for 2024)
- Joseph Witt, 8050 Washington Ave S 150, Eden Prairie, MN 55344
- Signed the 990
- Joseph Witt, President/CEO
- Phone
- (952) 835-3900
- Return prepared by
- Eide Bailly LLP
Mission
MBA EBT provides insurance products to over 5,400 employees of banks throughout Minnesota.
Program accomplishments
- The MBA Life Plan provides basic and optional life insurance to 3,413 employees of Minnesota banks.The MBA Disability Plan provides long-term and short-term disability insurance to 3,052 employees of Minnesota banks.The MBA Dental Plan provides dental insurance to 2,249 employees of Minnesota banks.
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
- 41-1767627
- Tax-exempt status
- 501(c)(9): Voluntary employees' beneficiary association
- Donations deductible
- No
- Exempt since
- 1994
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1,608,973
- Income (IRS master file)
- $3,630,580
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $3,630,580 | $3,725,371 | $1,608,973 | XML |
| 990 | June 2024 | $3,582,443 | $3,801,069 | $1,546,855 | XML |
| 990 | June 2023 | $3,439,780 | $3,655,438 | $1,847,930 | XML |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | 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 41-1767627).
Questions about MINNESOTA BANKERS ASSOCIATION EMPLOYEE BENEFITS TRUST
- What is the EIN of MINNESOTA BANKERS ASSOCIATION EMPLOYEE BENEFITS TRUST?
- The employer identification number (EIN) of MINNESOTA BANKERS ASSOCIATION EMPLOYEE BENEFITS TRUST is 41-1767627.
- Is MINNESOTA BANKERS ASSOCIATION EMPLOYEE BENEFITS TRUST tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(9) since 1994.
- Are donations to MINNESOTA BANKERS ASSOCIATION EMPLOYEE BENEFITS TRUST tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does MINNESOTA BANKERS ASSOCIATION EMPLOYEE BENEFITS TRUST 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 BANKERS ASSOCIATION EMPLOYEE BENEFITS TRUST 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 MINNESOTA BANKERS ASSOCIATION EMPLOYEE BENEFITS TRUST 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 MINNESOTA BANKERS ASSOCIATION EMPLOYEE BENEFITS TRUST?
- The 990 for the year ended June 30, 2025 names Joseph Witt.
- Who are the officers and directors of MINNESOTA BANKERS ASSOCIATION EMPLOYEE BENEFITS TRUST?
- The 990 for the year ended June 30, 2025 lists 9 people; 0 received compensation from the organization.
- How much revenue does MINNESOTA BANKERS ASSOCIATION EMPLOYEE BENEFITS TRUST have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $3,630,580, expenses of $3,725,371 and total assets of $1,608,973 at year end.
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