MINNESOTA FAIR PLAN: Form 990, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
MINNESOTA FAIR PLAN (EIN 41-0950742)
Tax period
2021-01-01 to 2021-12-31
Filed
2022-11-15
IRS object ID
202233199349321753
Schema version
2021v4.2
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2022-11-15T15:30:27-06:00ReturnTs
Tax Period End2021-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN411360831PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1OLSEN THIELEN & CO LTDBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line12675 LONG LAKE ROADAddressLine1Txt
CityST PAULCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55113ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2021-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN410950742EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1MINNESOTA FAIR PLANBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlMINNBusinessNameControlTxt
Phone6123387584PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line17900 INTERNATIONAL DRIVE 625AddressLine1Txt
CityBLOOMINGTONCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55425ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonGARY RUPPPersonNm
Person TitleEXECUTIVE DIRECTORPersonTitleTxt
Phone6123387584PhoneNum
Signature2022-11-15SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstGARYPersonFirstNm
Person LastRUPPPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonRYAN VETTRUS CPAPreparerPersonNm
PTINP01243596PTIN
Phone6514834521PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer3TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerGARY RUPPPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line17900 INTERNATIONAL DRIVE 625AddressLine1Txt
CityBLOOMINGTONCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55425ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$3,023,700GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501cYes (X)Organization501cInd
Website AddressWWW.MNFAIRPLAN.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1969FormationYr
Legal Domicile StateMNLegalDomicileStateCd
Activity Or MissionTO PROVIDE OWNER AND TENANTS OF INDIVIDUAL RESIDENECES, 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.ActivityOrMissionDesc
Voting Members Governing Body8VotingMembersGoverningBodyCnt
Voting Members Independent8VotingMembersIndependentCnt
Total Employee7TotalEmployeeCnt
Total Volunteers0TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$0PYContributionsGrantsAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$3,214,887PYProgramServiceRevenueAmt
CY Program Service Revenue$2,999,870CYProgramServiceRevenueAmt
PY Investment Income$23,663PYInvestmentIncomeAmt
CY Investment Income$17,419CYInvestmentIncomeAmt
PY Other Revenue$249PYOtherRevenueAmt
CY Other Revenue$6,411CYOtherRevenueAmt
PY Total Revenue$3,238,799PYTotalRevenueAmt
CY Total Revenue$3,023,700CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$809,026PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$784,711CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$2,453,537PYOtherExpensesAmt
CY Other Expenses$2,401,185CYOtherExpensesAmt
PY Total Expenses$3,262,563PYTotalExpensesAmt
CY Total Expenses$3,185,896CYTotalExpensesAmt
PY Revenues Less Expenses-$23,764PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$162,196CYRevenuesLessExpensesAmt
Total Assets BOY$3,360,181TotalAssetsBOYAmt
Total Assets EOY$3,079,043TotalAssetsEOYAmt
Total Liabilities BOY$1,997,747TotalLiabilitiesBOYAmt
Total Liabilities EOY$1,910,516TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$1,362,434NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$1,168,527NetAssetsOrFundBalancesEOYAmt
MissionTO PROVIDE OWNER AND TENANTS OF INDIVIDUAL RESIDENECES, 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.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
DescDURING 2021, THE MINNESOTA FAIR PLAN PROVIDED INSURANCE COVERAGE TO 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.Desc
Described In Section501c30DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment0ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document38IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee7EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members8GoverningBodyVotingMembersCnt
Independent Voting Member8IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or StockholdersYes (1)MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To ApprovaYes (1)DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Own WebsiteYes (X)OwnWebsiteInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE ORGANIZATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone6123387584PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line17900 INTERNATIONAL DRIVE 625AddressLine1Txt
CityBLOOMINGTONCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55425ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (10 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
MICHAEL J MCHUGH
SECRETARY1.00Yes (X)Yes (X)$1,000$0$0
ROBERT MEEKS
TREASURER1.00Yes (X)Yes (X)$1,000$0$0
ELAINE LOVE
DIRECTOR1.00Yes (X)$1,200$0$0
SHERI MELANDER-SMITH
DIRECTOR1.00Yes (X)$1,200$0$0
ROGER R OOMS
CHAIR1.00Yes (X)Yes (X)$0$0$0
VICKY RIZZOLO
VICE CHAIR1.00Yes (X)Yes (X)$0$0$0
CHRIS MERIDITH
DIRECTOR1.00Yes (X)$0$0$0
SCOTT BAUER
DIRECTOR1.00Yes (X)$0$0$0
MICHAEL FLUGUM
DIRECTOR1.00Yes (X)$0$0$0
GARY RUPP
EXECUTIVE DIRECTOR37.50Yes (X)$160,858$0$10,177
FieldValueIRS element (for citing)
Total Reportable Comp From Org$165,258TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$10,177TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K1IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (2 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
MARIAS TECHNOLOGY
25 E WRIGHT STCOVINGTONOH45318INFORMATION TECH IMPLENTATION AND TESTIN$160,031
INTEGRIS
1524 EAST 37TH STREETHIBBINGMN55746COMPUTER SYSTEM & SUPPORT$104,269
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K2CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescPREMIUMS EARNEDDesc
Business524298BusinessCd
Total Revenue Column$2,999,870TotalRevenueColumnAmt
Related Or Exempt Func Income$2,999,870RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$2,999,870TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$17,419TotalRevenueColumnAmt
Exclusion$17,419ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescMISCELLANEOUS INCOMEDesc
Business900099BusinessCd
Total Revenue Column$6,411TotalRevenueColumnAmt
Related Or Exempt Func Income$6,411RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$6,411OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$3,023,700TotalRevenueColumnAmt
Related Or Exempt Func Income$3,006,281RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$17,419ExclusionAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$175,435TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$375,437TotalAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$91,027TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$101,599TotalAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$41,213TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$18,664TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$32,250TotalAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$17,095TotalAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$107,089TotalAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$410,079TotalAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$73,368TotalAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$4,385TotalAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$22TotalAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$23,179TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmt
LOSSES & LAE INCURRED$1,292,883
COMMISSIONS$191,071
SURVEYS$77,720
PREMIUM TAXES$58,706

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$94,674TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$3,185,896TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$535BOYAmt
EOY$535EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$3,359,646BOYAmt
EOY$3,078,508EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$3,360,181BOYAmt
EOY$3,079,043EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$71,375BOYAmt
EOY$65,003EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$1,226,620BOYAmt
EOY$1,201,493EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$699,752BOYAmt
EOY$644,020EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$1,997,747BOYAmt
EOY$1,910,516EOYAmt
FieldValueIRS element (for citing)
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind

Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

FieldValueIRS element (for citing)
BOY$1,362,434BOYAmt
EOY$1,168,527EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,362,434BOYAmt
EOY$1,168,527EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$3,360,181BOYAmt
EOY$3,079,043EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss-$162,196ReconcilationRevenueExpnssAmt
Other Changes In Net Assets-$31,711OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Total Book Value Land Buildings$0TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescUNPAID LOSS & LOSS ADJ EXPENSEDesc
Amt$644,020Amt
FieldValueIRS element (for citing)
Total Liability$644,020TotalLiabilityAmt
Total Rev Etc Audited Fincl Stmt$3,023,700TotalRevEtcAuditedFinclStmtAmt
Revenue Not Reported$0RevenueNotReportedAmt
Revenue Subtotal$3,023,700RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$3,023,700TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$3,185,896TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$3,185,896ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$3,185,896TotalExpensesPerForm990Amt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp

FieldValueIRS element (for citing)
PersonGARY RUPPPersonNm
TitleEXECUTIVE DIRECTORTitleTxt
Base Compensation Filing Org$160,858BaseCompensationFilingOrgAmt
Compensation Based On Rltd Orgs$0CompensationBasedOnRltdOrgsAmt
Bonus Filing Organization$0BonusFilingOrganizationAmount
Bonus Related Organizations$0BonusRelatedOrganizationsAmt
Other Compensation Filing Org$0OtherCompensationFilingOrgAmt
Other Compensation Rltd Orgs$0OtherCompensationRltdOrgsAmt
Deferred Compensation Flng Org$7,297DeferredCompensationFlngOrgAmt
Deferred Comp Rltd Orgs$0DeferredCompRltdOrgsAmt
Nontaxable Benefits Filing Org$2,880NontaxableBenefitsFilingOrgAmt
Nontaxable Benefits Rltd Orgs$0NontaxableBenefitsRltdOrgsAmt
Total Compensation Filing Org$171,035TotalCompensationFilingOrgAmt
Total Compensation Rltd Orgs$0TotalCompensationRltdOrgsAmt
Comp Report Prior990 Filing Org$0CompReportPrior990FilingOrgAmt
Comp Report Prior990 Rltd Orgs$0CompReportPrior990RltdOrgsAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (10 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 6ALL INSURERS DOING BUSINESS IN MINNESOTA ARE MEMBERS OF THE FAIR PLAN.
FORM 990, PART VI, SECTION A, LINE 7AALL INSURERS DOING BUSINESS IN MINNESOTA ARE MEMBERS OF THE FAIR PLAN. MEMBER COMPANIES ELECT FIVE OF THE NINE BOARD MEMBERS.
FORM 990, PART VI, SECTION A, LINE 7BCHANGES TO THE PLAN OF OPERATION MUST BE APPROVED BY THE COMMISSIONER OF COMMERCE. RATE CHANGES MUST ALSO BE PRE-APPROVED BY THE COMMISSIONER OF COMMERCE.
FORM 990, PART VI, SECTION B, LINE 11BA COPY OF THE COMPLETED 990 WILL BE PROVIDED TO EACH BOARD MEMBER VIA EMAIL. A BRIEF PERIOD OF TIME FOR REVIEW WILL BE ALLOWED, AND COMMENTS IF ANY, WILL BE SOLICITED AND ACTED UPON IF APPROPRIATE.
FORM 990, PART VI, SECTION B, LINE 12CBOARD MEMBERS ARE REQUIRED TO SIGN A CONFLICT OF INTEREST STATEMENT EACH YEAR TO BE SUBMITTED AT THE ANNUAL MEETING OF THE BOARD. CONFLICT OF INTEREST STATEMENTS ARE KEPT ON FILE.
FORM 990, PART VI, SECTION B, LINE 15SALARY AND PERFORMANCE ARE REVIEWED ON AN ANNUAL BASIS. PERFORMANCE REVIEWS FOR THE EXECUTIVE DIRECTOR ARE DONE USING A SURVEY OF EACH BOARD MEMBER. EVERY YEAR A COMPENSATION SURVEY IS PROVIDED BY OUR NATIONAL ASSOCIATION THAT INFORMS US OF THE EXPECTED AVERAGE MERIT INCREASE FOR THE INSURANCE INDUSTRY FOR THE COMING YEAR. EVERY OTHER YEAR A SALARY REVIEW IS OBTAINED FROM AN HR FIRM FOR THE EXECUTIVE DIRECTOR'S JOB DESCRIPTION FOR THE PURPOSE OF MANAGEMENT OF THEIR SALARY RANGE. THE BOARD THEN DETERMINES MERIT INCREASES FOR THE EXECUTIVE DIRECTOR USING THIS INFORMATION AND THE RESULT OF THE PERFORMANCE REVIEW.
FORM 990, PART VI, SECTION C, LINE 19ALL DOCUMENTS ARE VIEWABLE BY THE PUBLIC AT OUR WEBSITE.
FORM 990, PART XI, LINE 9:CHANGE IN NONADMITTED ASSETS, PER STATUTORY BASIS FINANCIAL STATEMENTS -31,711.
FORM 990, PART XII, LINE 2B:MINNESOTA FAIR PLAN'S FINANCIAL STATEMENTS ARE PREPARED IN CONFORMITY WITH ACCOUNTING PRACTICES PRESCRIBED BY THE DEPARTMENT OF COMMERCE OF THE STATE OF MINNESOTA, WHICH IS A COMPREHENSIVE BASIS OF ACCOUNTING OTHER THAN ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA.
FORM 990, PART XII, LINE 2C:THERE WERE NO CHANGES TO THE AUDIT OVERSIGHT PROCESS.

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