Park Nicollet Group Return in St Louis Park, Minnesota (MN)

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Park Nicollet Group Return
Employer Identification Number (EIN)455023260
Name of OrganizationPark Nicollet Group Return
Address6500 Excelsior Blvd, St Louis Park, MN 55426-4702
SubsectionCharitable Organization
Ruling Date03/1987
DeductibilityContributions are deductible
FoundationOrganization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes
Tax Period12/2012
Assets$50,000,000 to greater
Income$50,000,000 to greater
Filing Requirement990 - Group return
Asset Amount$943,062,738
Amount of Income$1,454,732,594
Form 990 Revenue Amount$1,231,081,452

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Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Functional expenses for 2013

Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?YesYes
Is the organization required to complete Schedule B, Schedule of Contributors?YesYes
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?NoNo
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?YesYes
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?NoNo
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?NoNo
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?NoNo
Did the organization maintain collections of works of art, historical treasures, or other similar assets?NoNo
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?NoNo
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?YesYes
Did the organization report an amount for land, buildings, and equipment?YesYes
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?NoNo
Did the organization report an amount for investments-program related that is 5% or more of its total assets?NoNo
Did the organization report an amount for other assets that is 5% or more of its total assets?YesNo
Did the organization report an amount for other liabilities?YesYes
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?YesYes
Did the organization obtain separate, independent audited financial statements for the tax year?NoNo
Was the organization included in consolidated, independent audited financial statements for the tax year?YesYes
Is the organization a school described in section 170(b)(1)(A)(ii)?NoNo
Did the organization maintain an office, employees, or agents outside of the United States?NoNo
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?YesYes
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?NoNo
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?NoNo
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?NoNo
Did the organization report more than $15,000 total of fundraising event gross income and contributions?NoNo
Did the organization report more than $15,000 of gross income from gaming activities?NoNo
Did the organization operate one or more hospital facilities?YesYes
Did the organization attach a copy of its audited financial statements?YesYes
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?YesYes
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?YesYes
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?YesYes
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?NoNo
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?NoNo
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?NoNo
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?NoNo
Did the organization engage in an excess benefit transaction with a disqualified person during the year?NoNo
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?NoNo
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?YesYes
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?NoNo
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?NoNo
A family member of a current or former officer, director, trustee, or key employee?YesYes
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?NoNo
Did the organization receive more than $25,000 in non-cash contributions?NoNo
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?NoNo
Did the organization liquidate, terminate, or dissolve and cease operations?NoNo
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?NoNo
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?NoNo
Was the organization related to any tax-exempt or taxable entity?YesYes
Did the organization have a controlled entity within the meaning of section 512(b)(13)?YesYes
Did the organization make any transfers to an exempt non-charitable related organization?NoNo
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?NoNo
Statements Regarding Other IRS Filings and Tax Compliance
The number reported in Box 3 of Form 1096478493482
The number of Forms W-2G000
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?YesYesYes
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return000
Did the organization file all required federal employment tax returns?NoNoNo
Did the organization have unrelated business gross income of $1,000 or more during the year?YesYesYes
Has it filed a Form 990-T for this year?YesYesYes
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?NoNoNo
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?NoNoNo
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?NoNoNo
Did the organization file Form 8886-T?NoNoNo
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?NoNoNo
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?NoNoNo
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?NoNoNo
Did the organization notify the donor of the value of the goods or services provided?NoNoNo
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?NoNoNo
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNoNo
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNoNo
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?NoNoNo
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?NoNoNo
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?NoNoNo
Did the sponsoring organization make any taxable distributions under section 4966?NoNoNo
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?NoNoNo
Initiation fees and capital contributions$0$0$0
Gross receipts for public use of club facilities $0$0$0
Gross income from members or shareholders$0$0$0
Gross income from other sources$0$0$0
Is the organization filing Form 990 in lieu of Form 1041?NoNoNo
The amount of tax-exempt interest received or accrued during the year$0$0$0
Is the organization licensed to issue qualified health plans in more than one state?NoNoNo
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans$0$0$0
The amount of reserves on hand$0$0$0
Did the organization receive any payments for indoor tanning services during the tax year?NoNoNo
Has it filed a Form 720 to report these payments?NoNoNo
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization$7,315,552$5,749,178
Total reportable compensation from related organizations$4,901,184$13,040,683
Total estimated amount of other compensation from the organization and related organizations$1,586,180$2,985,111
Total number of individuals who received more than $100,000 of reportable compensation from the organization1,1301,214
Total number of independent contractors who received more than $100,000 of compensation from the organization117132
Statement of Revenue
Total revenue$1,180,302,646$1,231,081,452$1,266,479,390
Contributions, Gifts, Grants and Other Similar Amounts$14,391,919$17,418,737$13,492,826
Program Service Revenue$1,141,830,201$1,194,561,165$1,220,725,539
Pharmacies and Drug Stores $60,911,521$61,902,773$62,500,142
All other program service revenue$0$0$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$6,125,159$6,823,521$6,857,460
Income from investment of tax-exempt bond proceeds$364,955$191,842$285,798
Net rental income$484,918$651,896$623,285
Gross rents (Real / Personal)$1,980,491 / $0$2,117,213 / $0$1,963,506 / $0
Less: rental expenses (Real / Personal)$1,495,573 / $0$1,465,317 / $0$1,340,221 / $0
Rental income or (loss) (Real / Personal)$484,918 / $0$651,896 / $0$623,285 / $0
Net gain/loss from sales of assets other than inventory$11,237,219$5,419,845$18,255,249
Gross amount from sales of assets other than inventory (Securities / Other)$252,573,248 / $1,762,777$227,053,910 / $76,367$366,082,774 / $867,792
Less: cost or other basis and sales expenses (Securities / Other)$242,103,996 / $994,810$221,435,983 / $274,449$348,582,543 / $112,774
Gain or (loss) (Securities / Other)$10,469,252 / $767,967$5,617,927 / $-198,082$17,500,231 / $755,018
Net income/loss from fundraising events$0$0$0
Net income/loss from gaming activities$0$0$0
Net income/loss from sales of inventory$961,762$773,771$847,334
Gross sales of inventory, less returns and allowances$1,494,243$1,249,164$1,242,356
Less: cost of goods sold$532,481$475,393$395,022
Miscellaneous Revenue$4,900,702$5,239,105$5,391,899
Parking Lots and Garages $2,439,519$2,650,959$2,682,021
All other revenue$0$0$0
Statement of Functional Expenses
Total functional expenses$1,155,746,690$1,180,032,097$1,220,002,816
Grants and other assistance to domestic organizations and domestic governments$167,777$147,496$392,828
Grants and other assistance to domestic individuals$19,099$20,000$30,000
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals$0$0$0
Benefits paid to or for members$0$0$0
Compensation of current officers, directors, trustees, and key employees$2,816,444$3,463,504$1,692,282
Compensation not included above, to disqualified persons$0$0$0
Other salaries and wages$498,723,262$592,170,808$623,285,886
Pension plan accruals and contributions$31,441,915$34,376,356$34,593,666
Other employee benefits$47,971,945$61,636,140$65,621,805
Payroll taxes$30,583,538$35,973,558$37,493,212
Fees for services (non-employees)
Professional fundraising services$0$0$0
Investment management fees$740,657$457,075$499,098
Advertising and promotion$3,654,242$4,052,842$3,967,820
Office expenses$14,850,089$15,217,502$16,279,902
Information technology$8,935,225$24,737,809$27,773,168
Payments of travel or entertainment expenses for any federal, state, or local public officials$0$0$0
Conferences, conventions, and meetings$801,880$802,459$534,835
Payments to affiliates$0$0$0
Depreciation, depletion, and amortization$30,430,126$46,940,705$46,710,202
Other expenses$156,429,670$139,207,836$151,149,401
Other expenses$134,980,485$40,560,745$40,380,398
Other expenses$40,837,694$28,581,705$25,090,744
Other expenses$26,018,410$21,521,805$13,720,658
Other expenses$28,379,662$24,242,876$23,315,732
Balance Sheet
Total assets$925,315,895$943,062,738$1,014,855,016
Cash - non-interest-bearing$830,871$374,262$8,597,067
Savings and temporary cash investments$282,705$344,066$403,712
Pledges and grants receivable, net$3,414,212$3,812,152$4,388,795
Accounts receivable, net$135,003,069$127,500,666$134,983,015
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees$0$0$0
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations$0$0$69,279
Notes and loans receivable, net$0$0$0
Inventories for sale or use$10,046,399$10,143,838$10,696,185
Prepaid expenses and deferred charges$11,936,459$11,094,375$17,813,781
Land, buildings, and equipment: cost or other basis$341,170,336$327,023,205$333,193,629
Investments - publicly traded securities$386,672,271$404,678,771$501,577,381
Investments - other securities$28,139,728$770,643$493,396
Investments - program-related$0$0$0
Intangible assets$0$0$0
Other assets$7,819,845$57,320,760$2,638,776
Total liabilities$487,581,753$442,730,848$442,737,764
Accounts payable and accrued expenses$82,424,257$60,549,128$70,382,843
Grants payable$0$0$0
Deferred revenue$11,939,650$6,939,535$4,727,727
Tax-exempt bond liabilities$379,891,311$370,849,064$361,578,782
Escrow or custodial account liability$0$0$0
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons$0$0$0
Secured mortgages and notes payable to unrelated third parties$1,984,777$1,228,803$327,899
Unsecured notes and loans payable to unrelated third parties$1,930,180$0$0
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)$9,411,578$3,164,318$5,720,513
Total net assets or fund balances$437,734,142$500,331,890$572,117,252
Unrestricted net assets$436,481,051$499,512,581$571,120,208
Temporarily restricted net assets$976,854$541,533$717,797
Permanently restricted net assets$276,237$277,776$279,247
Capital stock or trust principal, or current funds$0$0$0
Paid-in or capital surplus, or land, building, or equipment fund$0$0$0
Retained earnings, endowment, accumulated income, or other funds$0$0$0
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:A hospital or a cooperative hospital service organization described in section 170(b)(1)(A)(iii)
Number of organizations supported0
Sum of amounts of support$0
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All affiliated organizations
AffiliationNameAddressStateEstablishedTotal Income
CentralWisconsin Tavern League Foundation Inc2817 Fish Hatchery Rd, Fitchburg, WI 53713-5005WI2011-03$923,657
SubordinatePark Nicollet Group Return6500 Excelsior Blvd, St Louis Park, MN 55426-4702MN1987-03$1,454,732,594
SubordinateSt Croix County Tavern League Foundation IncPO BOX 322, Roberts, WI 54023WI2011-03$0
SubordinateWisconsin Tavern League Foundation Inc4723 White Avenue, Eau Claire, WI 54703WI2011-03$0
SubordinateWisconsin Tavern League Foundation Inc39601 60th Street, Burlington, WI 53105WI2011-03$0
SubordinateWisconsin Tavern League Foundation Inc36525 57th St, Burlington, WI 53105WI2011-03$0
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SubordinateWisconsin Tavern League Foundation IncW640 Hwy 70, Park Falls, WI 54552WI2011-03$0
SubordinateSawyer County Tavern League Foundation IncW1115 Cty Hwy W, Winter, WI 54896WI2011-03$0
SubordinateWisconsin Tavern League Foundation Inc216 N Watertown St, Johnson Creek, WI 53038WI2011-03$0
SubordinateWisconsin Tavern League Foundation Inc, Superiordouglas County Tavern League Foundation4368 S County Rd E, South Range, WI 54874WI2011-03$0
SubordinateJuneau County Tavern League Foundation IncN10367 Timber Lane, Necedah, WI 54646WI2011-03$0
SubordinateClark County Tavern League Safe Ride Program IncW2860 Us Highway 10, Granton, WI 54436WI2011-03$0
SubordinateSauk County Tavern League Foundation Inc630 W Pine St, Baraboo, WI 53913WI2011-03$0
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SubordinateOconto County Tavern League Foundation2654 Sunray Lane, Green Bay, WI 54313WI2011-03$0
SubordinateRhinelander Area Saferide Foundation3428 Faust Lake Road, Rhinelander, WI 54501WI2011-03$0
SubordinateWood County Tavern League Foundation825 Kings Way, Nekoosa, WI 54457WI2011-03$0
Number of affiliated organizations
Total20 is not associated with, endorsed by, or sponsored by Park Nicollet Group Return and has no official or unofficial affiliation with Park Nicollet Group Return