Public Charity

Minnesota School Boards Association Insurance Trust

Minnesota School Boards Association Insurance Trust is a Public Charity headquartered in St Peter, MN. Financial data from the 2025 filing: $3.5M revenue, $818K expenses, $54.8M total assets.

EIN: 416160028 St Peter, MN Latest filing: 2025
Total Revenue$3.5M
Total Expenses$818K
Total Assets$54.8M
Grant Records0
Filing Years2020–2025

Mission

To provide for its members and their employees and officials various forms of insurance. (Continued on Schedule O)To provide for its members and their employees and officials various forms of insurance, including any forms of permitted group insurance, for the benefit of school districts which are members of the MSBA and to effectuate cost savings in the procurement and administration of such insurance programs.

Where $100 goes at Minnesota School Boards Association Insurance Trust

How Minnesota School Boards Association Insurance Trust divides every $100 it spends, from its own Form 990 filings, averaged across 8 years.

$18 Programs the work itself
$82 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $18 for programs

$18
The Minnesota School Boards Association Insurance Trust (MSBAIT) is a joint-powers organization that was formed by the Minnesota School Boards Association (MSBA) to provide pooled self-insurance and endorsed…
All program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

Trustee Amy Pocrnich
Trustee Cory Johnson
Vice Chair Deb Pauly
Chair Jeanna Lilleberg
Trustee Jim Ferden
Secretary/Treasurer Kirk Schneidawind

Officer compensation and complete director data available with membership.

Financial Trends

Year Revenue Expenses Assets
2025 $3.5M $818K $54.8M
2024 $4.2M $793K $52.8M
2023 $3.1M $904K $51.4M
2021 $2.1M $915K $44.8M
2020 $1.9M $839K $46.7M

Between 2020 and 2025, reported annual revenue grew from $1.9M to $3.5M (+88%), with total assets most recently reported at $54.8M.

Interactive year-over-year charts and full filing details available with membership.

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