TY 2019 Form 990

- TIN:

SCHEDULE D
(Form 990)

Department of the Treasury
Internal Revenue Service

Supplemental Financial Statements

Complete if the organization answered "Yes," on Form 990,
Part IV, line 6, 7, 8, 9, 10, 11a, 11b, 11c, 11d, 11e, 11f, 12a, or 12b.
SchDMd Bullet

Attach to Form 990.
SchDMd Bullet

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2019

Open to Public Inspection

Name of the organization

PIPE TRADES SERVICES MN RETIREE
HEALTH FUND

Employer identification number

16-1657260

Part I

Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts. Complete if the organization answered "Yes" on Form 990, Part IV, line 6.

		(a) Donor advised funds	(b) Funds and other accounts
1	Total number at end of year .........
2	Aggregate value of contributions to (during year)
3	Aggregate value of grants from (during year)
4	Aggregate value at end of year ........

Did the organization inform all donors and donor advisors in writing that the assets held in donor advised funds are the organization’s property, subject to the organization’s exclusive legal control? ............

Yes No

Did the organization inform all grantees, donors, and donor advisors in writing that grant funds can be used only for charitable purposes and not for the benefit of the donor or donor advisor, or for any other purpose conferring impermissible private benefit? ...................................

Yes No

Part II

Conservation Easements.
Complete if the organization answered "Yes" on Form 990, Part IV, line 7.

Purpose(s) of conservation easements held by the organization (check all that apply).

Preservation of land for public use (e.g., recreation or education) Preservation of an historically important land area

Protection of natural habitat Preservation of a certified historic structure

Preservation of open space

Complete lines 2a through 2d if the organization held a qualified conservation contribution in the form of a conservation easement on the last day of the tax year.


a	Total number of conservation easements ......................	2a
b	Total acreage restricted by conservation easements ....................	2b
c	Number of conservation easements on a certified historic structure included in (a) .....	2c
d	Number of conservation easements included in (c) acquired after 7/25/06, and not on a historic structure listed in the National Register ...	2d

Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during the
tax year SchDMd Bullet

Number of states where property subject to conservation easement is located SchDMd Bullet

Does the organization have a written policy regarding the periodic monitoring, inspection, handling of violations, and enforcement of the conservation easements it holds? ............

Yes No

Staff and volunteer hours devoted to monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
SchDMd Bullet

Amount of expenses incurred in monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
SchDMd Bullet

Does each conservation easement reported on line 2(d) above satisfy the requirements of section 170(h)(4)(B)(i) and section 170(h)(4)(B)(ii)? .............................

Yes No

In Part XIII, describe how the organization reports conservation easements in its revenue and expense statement, and
balance sheet, and include, if applicable, the text of the footnote to the organization’s financial statements that describes
the organization’s accounting for conservation easements.

Part III

Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets.
Complete if the organization answered "Yes" on Form 990, Part IV, line 8.

If the organization elected, as permitted under FASB ASC 958, not to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide, in Part XIII, the text of the footnote to its financial statements that describes these items.

If the organization elected, as permitted under FASB ASC 958, to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide the following amounts relating to these items:

(i)

Revenue included on Form 990, Part VIII, line 1 ......................... SchDMd Bullet

(ii)

Assets included in Form 990, Part X ............................... SchDMd Bullet

If the organization received or held works of art, historical treasures, or other similar assets for financial gain, provide the
following amounts required to be reported under FASB ASC 958 relating to these items:

Revenue included on Form 990, Part VIII, line 1 .......................... SchDMd Bullet

Assets included in Form 990, Part X ............................... SchDMd Bullet

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 52283D

Schedule D (Form 990) 2019

Page 2

Part III

Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued)

Using the organization’s acquisition, accession, and other records, check any of the following that are a significant use of its collection items (check all that apply):

Public exhibition

Loan or exchange programs

Scholarly research

Other

Preservation for future generations

Provide a description of the organization’s collections and explain how they further the organization’s exempt purpose in
Part XIII.

During the year, did the organization solicit or receive donations of art, historical treasures or other similar
assets to be sold to raise funds rather than to be maintained as part of the organization’s collection?...

Yes No

Part IV

Escrow and Custodial Arrangements. Complete if the organization answered "Yes" on Form 990, Part IV, line 9, or reported an amount on Form 990, Part X, line 21.

Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not
included on Form 990, Part X? ....................................

Yes No


b	If "Yes," explain the arrangement in Part XIII and complete the following table:		Amount
c	Beginning balance .............................	1c
d	Additions during the year ............................	1d
e	Distributions during the year ..........................	1e
f	Ending balance ................................	1f

Did the organization include an amount on Form 990, Part X, line 21, for escrow or custodial account liability? ...

Yes No

If "Yes," explain the arrangement in Part XIII. Check here if the explanation has been provided in Part XIII ....

Part V

Endowment Funds.
Complete if the organization answered "Yes" on Form 990, Part IV, line 10.

		(a) Current year	(b) Prior year	(c) Two years back	(d) Three years back	(e) Four years back

1a	Beginning of year balance ....
b	Contributions ...
c	Net investment earnings, gains, and losses
d	Grants or scholarships ...
e	Other expenditures for facilities and programs ...
f	Administrative expenses ....
g	End of year balance ......

Provide the estimated percentage of the current year end balance (line 1g, column (a)) held as:

Board designated or quasi-endowment SchDMd Bullet

Permanent endowment SchDMd Bullet

Term endowment SchDMd Bullet

The percentages on lines 2a, 2b, and 2c should equal 100%.

Are there endowment funds not in the possession of the organization that are held and administered for the
organization by:

Yes

(i) Unrelated organizations .................

3a(i)

(ii) Related organizations .................

3a(ii)

If "Yes" on 3a(ii), are the related organizations listed as required on Schedule R? .........

Describe in Part XIII the intended uses of the organization's endowment funds.

Part VI

Land, Buildings, and Equipment.
Complete if the organization answered "Yes" on Form 990, Part IV, line 11a. See Form 990, Part X, line 10.

Description of property		(a) Cost or other basis (investment)	(b) Cost or other basis (other)	(c) Accumulated depreciation	(d) Book value

1a	Land .....
b	Buildings ....
c	Leasehold improvements
d	Equipment ....
e	Other .....
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).)..		0

Schedule D (Form 990) 2019

Page 3

Part VII

InvestmentsOther Securities.
Complete if the organization answered "Yes" on Form 990, Part IV, line 11b. See Form 990, Part X, line 12.

(a) Description of security or category (including name of security)	(b) Book value	(c) Method of valuation: Cost or end-of-year market value
(1) Financial derivatives.........
(2) Closely-held equity interests........
(3)Other
(B)
(C)
(D)
(E)
(F)
(G)
(H)
(I)
Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)

Part VIII

InvestmentsProgram Related. Complete if the organization answered 'Yes' on Form 990, Part IV, line 11c. See Form 990, Part X, line 13.

(a) Description of investment	(b) Book value	(c) Method of valuation: Cost or end-of-year market value

(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 13.)

Part IX

Other Assets.
Complete if the organization answered 'Yes' on Form 990, Part IV, line 11d. See Form 990, Part X, line 15.

(a) Description				(b) Book value

(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 15.)...........

Part X

Other Liabilities.
Complete if the organization answered 'Yes' on Form 990, Part IV, line 11e or 11f. See Form 990, Part X, line 25.

1.(a) Description of liability	(b) Book value
(1) Federal income taxes

(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)
2. Liability for uncertain tax positions. In Part XIII, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC 740). Check here if the text of the footnote has been provided in Part XIII

Schedule D (Form 990) 2019

Page 4

Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1	Total revenue, gains, and other support per audited financial statements .......			1	47,779,448
2	Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a	Net unrealized gains (losses) on investments ....	2a	31,241,681
b	Donated services and use of facilities .........	2b
c	Recoveries of prior year grants ...........	2c
d	Other (Describe in Part XIII.) ............	2d
e	Add lines 2a through 2d .....................			2e	31,241,681
3	Subtract line 2e from line 1..................			3	16,537,767
4	Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b .	4a
b	Other (Describe in Part XIII.) ...........	4b
c	Add lines 4a and 4b....................			4c	0
5	Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ......			5	16,537,767

Part XII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1	Total expenses and losses per audited financial statements ...........		1	10,528,544
2	Amounts included on line 1 but not on Form 990, Part IX, line 25:
a	Donated services and use of facilities .........	2a
b	Prior year adjustments ............	2b
c	Other losses ................	2c
d	Other (Describe in Part XIII.) ............	2d
e	Add lines 2a through 2d....................		2e	0
3	Subtract line 2e from line 1...................		3	10,528,544
4	Amounts included on Form 990, Part IX, line 25, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b ..	4a
b	Other (Describe in Part XIII.) ............	4b
c	Add lines 4a and 4b.....................		4c	0
5	Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ......		5	10,528,544

Part XIII

Supplemental Information

Provide the descriptions required for Part II, lines 3, 5, and 9; Part III, lines 1a and 4; Part lV, lines 1b and 2b; Part V, line 4; Part X, line 2; Part XI, lines 2d and 4b; and Part XII, lines 2d and 4b. Also complete this part to provide any additional information.

Return Reference	Explanation

Schedule D (Form 990) 2019

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
MediumBullet

Attach to Form 990 or 990-EZ.
MediumBullet

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2019

Open to Public
Inspection

Name of the organization

PIPE TRADES SERVICES MN RETIREE
HEALTH FUND

Employer identification number

16-1657260

Return Reference	Explanation
FORM 990, PART VI, SECTION A, LINE 6	UNION MEMBERS PARTICIPATING IN THE PLAN ARE ENTITLED TO RECEIVE BENEFITS BASED ON THE PROVISIONS OF THE PLAN.
FORM 990, PART VI, SECTION B, LINE 11B	THE ADMINISTRATOR REVIEWS THE FORM 990 WITH THE TRUSTEES AT THEIR REGULAR MONTHLY MEETING AND WILL CONSULT WITH THE PREPARER REGARDING ANY ITEM THEY DETERMINE TO BE INSUFFICIENT OR REQUIRING MORE INFORMATION OR DISCUSSION. A COPY OF THE FORM 990 IS ALSO SUBMITTED TO THE PLAN'S LEGAL COUNSEL.
FORM 990, PART VI, SECTION B, LINE 12C	THE ADMINISTRATOR HAS DISTRIBUTED AND MADE AVAILABLE A POLICY THAT INCLUDES IDENTIFICATION OF POTENTIAL CONFLICTS OF INTEREST. TRUSTEES ARE REQUIRED TO SUBMIT INFORMATION RELATING TO ANY POTENTIAL CONFLICT OF INTEREST ISSUES AS THEY ARISE.
FORM 990, PART VI, SECTION C, LINE 19	COPIES OF GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND FORM 990, ARE ALL AVAILABLE UPON REQUEST TO THE MEMBERS PARTICIPATING IN THE PLAN, OR BY INSPECTION AT THE PLAN OFFICE.

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990 or 990-EZ) 2019

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE R
(Form 990)

Department of the Treasury
Internal Revenue Service

Related Organizations and Unrelated Partnerships

Complete if the organization answered "Yes" on Form 990, Part IV, line 33, 34, 35b, 36, or 37.
MediumBullet

Attach to Form 990.
MediumBullet

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2019

Open to Public Inspection

Name of the organization

PIPE TRADES SERVICES MN RETIREE
HEALTH FUND

Employer identification number

16-1657260

Part I

Identification of Disregarded Entities. Complete if the organization answered "Yes" on Form 990, Part IV, line 33.

(a) Name, address, and EIN (if applicable) of disregarded entity	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Total income	(e) End-of-year assets	(f) Direct controlling entity

Part II

Identification of Related Tax-Exempt Organizations. Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related tax-exempt organizations during the tax year.

(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Exempt Code section	(e) Public charity status (if section 501(c)(3))	(f) Direct controlling entity	(g) Section 512(b)(13) controlled entity?
(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Exempt Code section	(e) Public charity status (if section 501(c)(3))	(f) Direct controlling entity	Yes	No
(1)PIPE TRADES SERVICES MN PENSION FUND 4461 WHITE BEAR LAKE PKY STE 1 WHITE BEAR LAKE,MN55110 41-6131800	DEFINED BENEFIT PENSION PLAN	MN	401(A) TRUST	N/A	N/A		No
(2)PIPE TRADES SERVICES MN PENSION SUPPLEMENT FUND 4461 WHITE BEAR LAKE PKY STE 1 WHITE BEAR LAKE,MN55110 41-1539354	DEFINED CONTRIBUTION PENSION PLAN	MN	401(A) TRUST	N/A	N/A		No
(3)PIPE TRADES SERVICES MN WELFARE FUND 4461 WHITE BEAR LAKE PKY STE 1 WHITE BEAR LAKE,MN55110 41-0761972	DEFINED BENEFIT WELFARE PLAN	MN	501(C)(9)	N/A	N/A		No
(4)PIPE TRADES HEALTH CARE SERVICES INC 4461 WHITE BEAR LAKE PKY STE 1 WHITE BEAR LAKE,MN55110 46-1398525	HEALTH AND WELLNESS CLINIC	MN	501(C)(5)	N/A	N/A		No
(5)CITY OF MPLS PUBLIC WORKS
(6)CITY OF ST PAUL OFFICE OF HUMAN RESOURCE
(7)INDEPENDENT SCHOOL DIST 625
(8)JAC OF LOCAL 11 & 589
(9)LOCAL 015 MPLS J A C
(10)LOCAL 034 PLUMBERS
(11)LOCAL 11
(12)LOCAL 15 PLUMBERS
(13)LOCAL 34 JATC
(14)LOCAL 455 J A C
(15)LOCAL 455 PIPEFITTERS C U
(16)LOCAL 455 PIPEFITTERS
(17)LOCAL 539 MPLS PIPEFITTERS J A C
(18)LOCAL 539
(19)LOCAL 561 PLUMBERS & FITTERS
(20)LOCAL 589 UNION HALL
(21)LOCAL 6 JAC
(22)LOCAL 6
(23)MN MECHANICAL CONTRACTORS ASSOC
(24)MN PIPE TRADES ASSN
(25)MPLS PUBLIC SCHOOLS-SSD #1
(26)SPRINKLER FITTERS LOCAL 417 JAC OFFICE
(27)SPRINKLER FITTERS LOCAL 417
(28)U OF M PAYROLL SERVICES

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50135Y

Schedule R (Form 990) 2019

Page 2

Part III

Identification of Related Organizations Taxable as a Partnership. Complete if the organization answered "Yes" on Form 990, Part IV, line 34, because it had one or more related organizations treated as a partnership during the tax year.

(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(f) Share of total income	(g) Share of end-of-year assets	(h) Disproprtionate allocations?		(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	(j) General or managing partner?
(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(f) Share of total income	(g) Share of end-of-year assets	Yes	No	(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	Yes	No
(1) ACLARA SMART GRID SOLUTIONS LLC
(2) AIRCORPS LLC
(3) ALEXANDER PLUMBING LLC
(4) ARCHER MECHANICAL LLC
(5) ARMOR MECHANICAL LLC
(6) BAKER GROUP
(7) BRETH-ZENZEN FIRE PROTECTION LLC
(8) CEDAR HTG & AIR CONDTG LLC
(9) CHARPS LLC
(10) CLIMATE PROS LLC
(11) CONSTRUCTION & TURNAROUND SERVICES LLC
(12) DAVE NELSON PLUMBING LLC
(13) DOWNTOWN MECHANICAL LLC
(14) ECO MECHANICAL SERVICES LLC
(15) ELLINGSON TRENCHLESS LLC
(16) EVER - GREEN ENERGY LLC
(17) FREEDOM MECHANICAL LLP
(18) GO FETSCH MECHANICAL LLC
(19) HARRIS MECHANICAL SVCS LLC
(20) HARRIS MOUNTAIN WEST LLC
(21) HYBRID MECHANICAL LLC
(22) JRH PLUMBING LLC
(23) K&A PLUMBING LLC
(24) K PEARSON MECHANICAL LLC
(25) KORTECH CONSULTING LLC
(26) KRAFT MECHANICAL LLC
(27) LIFESAVER FIRE PROTECTION LLC
(28) M J ELECTRIC LLC
(29) MCNALLAN PLUMBING AND HEATING LLC
(30) MINNESOTA CONTROL SYSTEMS LLC
(31) MUSKA PLUMBING LLC
(32) NORMINN INDUSTRIAL LLC
(33) OPTION ONE MECHANICAL LLC
(34) PALEN KIMBALL LLC
(35) POWER PLUMBING LLC
(36) SCHERER PLUMBING LLC
(37) SHEET METAL SOLUTIONS LLC
(38) SILVER TREE PLUMBING & HEATING LLC
(39) SKOGEN MECHANICAL LLC
(40) SPRING PLUMBING LLC
(41) STRAIGHTLINE REFRIGERATION LLC
(42) TMS JOHNSON SERVICE LLC
(43) TOTAL REFRIG & HVAC SYS LLC
(44) WENZEL - PLYMOUTH PLBG LLC

Part IV

Identification of Related Organizations Taxable as a Corporation or Trust. Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a corporation or trust during the tax year.

(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(e) Type of entity (C corp, S corp, or trust)	(f) Share of total income	(g) Share of end-of-year assets	(i) Section 512(b)(13) controlled entity?
(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(e) Type of entity (C corp, S corp, or trust)	(f) Share of total income	(g) Share of end-of-year assets	Yes	No
(1) PIPE TRADES SERVICES OF MINNESOTA INC 4461 WHITE BEAR LAKE PARKWAY STE 1 WHITE BEAR LAKE,MN55110 41-0918427	ADMIN SERVICES	MN	N/A	C				No
(2) 3D MECHANICAL INC
(3) A & E PLUMBING
(4) AW KUETTEL & SONS
(5) A-1 REFRIGERATION SERVICE
(6) ACI PLUMBING INC
(7) ADAM'S ON-TIME PLBG & WATER HTRS
(8) ADVANTAGE POINT GROUP
(9) AECOM MANAGEMENT SERVICES INC
(10) AIR CONDITIONING ASSOCIATES INC
(11) ALBERS MECHANICAL CONTRACTORS INC
(12) ALLAN MECHANICAL
(13) ALLIANCE MECHANICAL SVCS
(14) ALTA HEATING AND PLUMBING INC DBA CLEARW
(15) ANDERSON PLUMBING & HEATING
(16) AQUA LOGIC INC
(17) ARCHITECT MECHANICAL INC
(18) AREA MECHANICAL INC
(19) ARI MECHANICAL SERVICES INC
(20) ARROW SPRINKLER INC
(21) ASSOCIATED MECH CONTRACTORS INC
(22) AST FIRE PROTECTION COMPANY
(23) ATLANTIC PLANT MAINT ATTNCOLEENGLASSCOCK
(24) AUGUST WINTER & SONS INC
(25) AZCO INC
(26) BADGER STATE INC
(27) BARNES PLBG CO INC
(28) BARTYLLA PLUMBING & HEATING INC
(29) BASSETT MECHANICAL
(30) BELKNAP PLUMBING & HEATING
(31) BENDTEC INC
(32) BENJAMIN FRANKLIN PLBG
(33) BERG PLBG & HTG INC
(34) BHI ENERGY SPECIALTY SERVICES
(35) BILL RASCHER MECHANICAL INC
(36) BINDER HEATING & AC INC
(37) BLAYLOCK PLBG CO
(38) BREDAHL PLBG INC
(39) BRESKI PLUMBING INC
(40) BROTHERS FIRE PROTECTION
(41) BRUCE NELSON PLBG & HTG SVC
(42) BSI MECHANICAL INC
(43) BUDGET PLUMBING CORP
(44) BURNETT PLUMBING COMPANY
(45) BURN-O-MATIC MOONEY & RIDLER MECH CONT
(46) C R MEYER & SONS CO
(47) CALDWELL PLUMBING & HEATING
(48) CANDOR COMPANIES INC
(49) CARL E JOHNSON PLBG & HTG INC
(50) CARLSON BROS INC
(51) CARLSON DULUTH COMPANY
(52) CARRIER CORP
(53) CENTRAIRE HTG & AC INC
(54) CENTURY PLBG INC
(55) CITIES 1 PLB & HTG INC
(56) CITIES COMPANIES INC
(57) CLIMATE AIR INC
(58) CLIMATE MAKERS INC
(59) COMMERCIAL PLBG & HTG INC
(60) COMMERCIAL REFRIGERATION SYSTEMS INC
(61) COMPLETE CONTROL INC
(62) COOL AIR MECHANICAL INC
(63) CORPORATE MECHANICAL INC
(64) CORRINS PLUMBING HEATING
(65) CORVAL CONSTRUCTORS INC
(66) COVENANT ELECTRIC INC
(67) CROSSTOWN MECHANICAL
(68) CUSTOM REFRIGERATION
(69) DAIKIN APPLIED
(70) DAVIS MECHANICAL SYSTEMS
(71) DAY & ZIMMERMAN NPS INC
(72) DIVISION 23 MECHANICAL SVCS INC
(73) DMC PLBG & HTG INC
(74) DYNAMIC FIRE PROTECTION INC
(75) EGAN COMPANIES INC DBA EGAN MECHANICAL
(76) EL JAY MECHANICAL INC
(77) EL JAY PLBG & HTG INC
(78) ELANDER MECHANICAL INC
(79) ERICKSON PLBG HTG & COOLG INC
(80) ESCAPE FIRE PROTECTION
(81) EXPRESS FIRE PROTECTION INC
(82) FAIRCON SVC CO
(83) FIRELINE SPRINKLER CORP
(84) FRONTIER FIRE PROTECTION INC
(85) G R MECHANICAL PLBG & HTG INC
(86) GALAXY MECHANICAL INC
(87) GARTNER REFRIGERATION INC
(88) GARTNER REFRIGERATION INC
(89) GENERAL SHEET METAL
(90) GENZ-RYAN PLBG & HTG
(91) GILBERT MECHANICAL CONTRACTORS INC
(92) GRINNELL FIRE PROTECTIONSIMPLEXGRINNELL
(93) GUARDIAN MECHANICAL SERVICE INC
(94) GUSTAFSON MECHANICAL INC
(95) H2C
(96) HARRIS MECHANICAL CONTRACTING CO
(97) HARRIS ROCHESTER INC
(98) HARTY MECHANICAL INC
(99) HAYES AUTOMATION INC
(100) HAYES MECHANICAL
(101) HECIMOVICH MECHANICAL
(102) HEISEL BROTHERS INC
(103) HOMEWORKS PLUMBING HEATING AIR
(104) HONEYMEAD PRODUCTS CHS
(105) HONEYWELL INC
(106) HORWITZ INC
(107) HOVDE PLBG & HTG INC
(108) HUMERATECH
(109) HUSSMANN SERVICES CORP
(110) INDUSTRIAL REFRIGERATION SVC INC
(111) INGERSOLL RAND DBA TRANE US INC
(112) IRON RANGE PLUMBING & HEATING
(113) J F AHERN CO INC
(114) JAMAR-ACCTG OFFICE
(115) JAY HAWK MECHANICAL
(116) JIM MURR PLBG INC
(117) JK MECHANICAL CONTRACTORS INC
(118) JOHNSON CONTROLS INC
(119) KB SERVICE COMPANY
(120) KIRK ERECTOR
(121) KLAMM MECHANICAL CONTRACTORS INC
(122) LAKEHEAD CONSTRUCTORS INC
(123) LARSON PLBG INC
(124) LBP MECHANICAL INC
(125) LEADING EDGE MECH INC
(126) LEGACY COMPANIES INC
(127) LEGEND MECH
(128) LEVAHN BROTHERS INC
(129) LOUIS DEGIDIO SVCS INC
(130) LUND FOOD HOLDINGS INC
(131) LVC COMPANIES INC
(132) M & S PLUMBING INC
(133) MAG MECHANICAL
(134) MAJOR MECHANICAL INC
(135) MARKET MECHANICAL INCCLIMATE PROS
(136) MASTER MECHANICAL
(137) MCDOWALL CO
(138) MCQUILLAN BROS PLUMBING HEATING & AC
(139) MECHANICAL INC
(140) MEHRMAN R J & SONS INC
(141) METRO MECHANICAL CONTRACTOR
(142) METROPOLITAN AIRPORTS COMM
(143) METROPOLITAN COUNCIL WASTEWATER SERVICES
(144) MICHELS PIPELINE
(145) MID CITY MECHANICAL CORP
(146) MIDWEST FABRICATING
(147) MIDWEST FIRE PROTECTION
(148) MIKE'S CUSTOM MECHANICAL
(149) MK MECHANICAL INC
(150) MN LIMITED INC
(151) MN MECHANICAL SOLUTIONS INC
(152) MODERN COMPANIES
(153) MODERN HTG & AC
(154) MOOREHEAD MACHINERY & BOILER
(155) MOORHEAD MACHINERY & BOILER CO
(156) MUNICIPAL BLDG COMMISSION
(157) NASSEFF MECHANICAL CONTRACTORS INC
(158) NELSON MECHANICAL INC
(159) NEW CENTURY SYSTEMSINC
(160) NEW LINE MECHANICAL INC
(161) NOOTER CONSTRUCTION
(162) NORBLOM PLBG CO
(163) NORDIC MECHANICAL SVCS INC
(164) NORTHERN AIR CORP
(165) NORTHERN HORIZONS SOLWAY INC
(166) NORTHERN MECHANICAL CONTRACTORS
(167) NORTHERN PIPELINE CONSTR CO
(168) NORTHERN PLUMBING TECH INC
(169) NORTHERN STATES PWR CO DBA XCEL ENERGY
(170) NORTHLAND MECHANICAL
(171) NOVA FIRE PROTECTION INC
(172) O BRIEN A G PLUMBING
(173) OLSEN FIRE PROTECTION INC
(174) OLYMPIC FIRE PROTECTION
(175) OVERLAND MECHANICAL SERVICES INC
(176) OWENS COMPANIES INC
(177) P & D MECHANICAL CONTRACTING CO
(178) P & H SERVICES CO INC
(179) P & R PLUMBING AND HEATING
(180) PAAPE BUILDING SERVICES
(181) PAYNECREST ELECTRIC INC
(182) PBBS EQUIPMENT CORP-TC DIV
(183) PELLAND SWENSON
(184) PETERSON MECHANICAL INC
(185) PETERSON SHEET METAL INC
(186) PFIFFNER HTG & AC SVC INC
(187) PHLAG MECHANICAL INC
(188) PIONEER POWER INC
(189) PIPE TRADES HEALTH CARE SVCS INC
(190) PREMIER HTG & AC
(191) PRO CONTROL BSG
(192) Q3 CONTRACTING
(193) R J MECHANICAL INC
(194) R M COTTON COMPANY
(195) R T MOORE CO MN INC
(196) RADOTICH INC
(197) RAPIDS PLUMBING & HEATING
(198) RASCHER PLBG & HTG
(199) RED WING PLUMBING & HEATING
(200) RICE LAKE CONSTR
(201) RICHFIELD PLBG CO
(202) RIDLER UPTOWN PLG & HTG
(203) RIVERSIDE MECHANICAL
(204) ROBERT GIBB AND SONS INC
(205) ROCHESTER PLUMBING & HEATING COMPANY INC
(206) ROYAL MECHANICAL INC
(207) RYAN MECHANICAL INC
(208) SCHADEGG MECHANICAL INC
(209) SCHECK INDUSTRIAL CORPORATION
(210) SCHECK MECHANICAL
(211) SCHECK TECHNICAL SERVICES
(212) SCHULTIES PLBG INC
(213) SCHWAB VOLLHABER-LUBRATT SVC CORP
(214) SCHWICKERT INC
(215) SEITZ BROS INC
(216) SERTICH PLUMBING & HEATING
(217) SERVICE FIRE PROTECTION
(218) SHANK CONSTRUCTORS INC
(219) SHANNON'S INC
(220) SHIELD FIRE PROTECTION
(221) SHUBITZ PLUMBING & HEATING
(222) SIEMENS INDUSTRY INC
(223) SIGNATURE MECHANICAL INC
(224) SIMONEAU & STERLING MIDWEST CORP
(225) SKYLINE FIRE PROTECTION
(226) SODERLIN INC
(227) SOLID REFRIGERATION
(228) SOUTHERN MINNESOTA HIGH PRESSURE PIPING
(229) SOUTH-TOWN INC DBA SOUTHTOWN REFRIGERTN
(230) SOUTHTOWN PLBG
(231) SPRIGGS PLBG & HTG
(232) ST PAUL PLBG & HTG CO
(233) STACK BROTHERS MECHANICAL
(234) STEINHAGEN ENTERPRISES INC
(235) STEINKRAUS PLUMBING INC
(236) STEWART PLUMBING INC
(237) SUMMIT FIRE PROTECTION INC
(238) SUN MECHANICAL INC
(239) SUN RAY PLBG & HTG INC
(240) SYSTEM TECHNOLOGY SVC INC
(241) TEAM MECHANICAL INC
(242) THE BOLDT COMPANY
(243) THERMO KING SALES & SVC INC
(244) TOTAL FIRE PROTECTION INC
(245) TOTAL MECHANICAL SVCS INC
(246) TWEETGAROT MECHANICAL INC
(247) TWIN CITY MECHANICAL
(248) TWIN CITY PIPE TRADES
(249) UHL CO INC
(250) UNITED HEATING AND COOLING
(251) UNITED PIPING INC
(252) UNITED STATES MECHANICAL INC
(253) UNITED WATER & SEWER CO
(254) VIKING AUTOMATIC SPRINKLER
(255) VOGEL MECHANICAL INC
(256) VOSON PLBG INC
(257) VOSS UTILITY & PLBG INC
(258) WALDINGER CORPORATION
(259) WEIDNER'S MECHANICAL CONTRACTORS
(260) WENZEL HTG & AIR CONDTG
(261) WINONA CONTROLS INC
(262) WOODBURY MECHANICAL
(263) WRIGLEY MECHANICAL INC
(264) YALE MECHANICAL INC
(265) YOUNG PLUMBING & HEATING INC

Schedule R (Form 990) 2019

Page 3

Part V

Transactions With Related Organizations. Complete if the organization answered "Yes" on Form 990, Part IV, line 34, 35b, or 36.

Note. Complete line 1 if any entity is listed in Parts II, III, or IV of this schedule.

Yes

1 During the tax year, did the orgranization engage in any of the following transactions with one or more related organizations listed in Parts II-IV?

a Receipt of (i) interest, (ii) annuities, (iii) royalties, or (iv) rent from a controlled entity .....................

b Gift, grant, or capital contribution to related organization(s) ............................

c Gift, grant, or capital contribution from related organization(s) ............................

d Loans or loan guarantees to or for related organization(s) ............................

e Loans or loan guarantees by related organization(s) ............................

f Dividends from related organization(s) ............................

g Sale of assets to related organization(s) ............................

h Purchase of assets from related organization(s) ............................

i Exchange of assets with related organization(s) ............................

j Lease of facilities, equipment, or other assets to related organization(s) .......................

k Lease of facilities, equipment, or other assets from related organization(s) ......................

l Performance of services or membership or fundraising solicitations for related organization(s) .....................

m Performance of services or membership or fundraising solicitations by related organization(s) .................

Yes

n Sharing of facilities, equipment, mailing lists, or other assets with related organization(s) ...................

Yes

o Sharing of paid employees with related organization(s) ............................

Yes

p Reimbursement paid to related organization(s) for expenses ............................

q Reimbursement paid by related organization(s) for expenses ............................

r Other transfer of cash or property to related organization(s) ............................

s Other transfer of cash or property from related organization(s) ............................

If the answer to any of the above is "Yes," see the instructions for information on who must complete this line, including covered relationships and transaction thresholds.

(a) Name of related organization	(b) Transaction type (a-s)	(c) Amount involved	(d) Method of determining amount involved
(1) PIPE TRADES SERVICES OF MINNESOTA INC	M	218,727	ACCRUAL BASIS ACCOUNTING

Schedule R (Form 990) 2019

Page 4

Part VI

Unrelated Organizations Taxable as a Partnership. Complete if the organization answered "Yes" on Form 990, Part IV, line 37.

Provide the following information for each entity taxed as a partnership through which the organization conducted more than five percent of its activities (measured by total assets or gross revenue) that was not a related organization. See instructions regarding exclusion for certain investment partnerships.

(a) Name, address, and EIN of entity	(b) Primary activity	(c) Legal domicile (state or foreign country)	(e) Are all partners section 501(c)(3) organizations?		(f) Share of total income	(g) Share of end-of-year assets	(h) Disproprtionate allocations?		(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	(j) General or managing partner?
(a) Name, address, and EIN of entity	(b) Primary activity	(c) Legal domicile (state or foreign country)	Yes	No	(f) Share of total income	(g) Share of end-of-year assets	Yes	No	(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	Yes	No

Schedule R (Form 990) 2019

Page 5

Part VII

Supplemental Information

Provide additional information for responses to questions on Schedule R. (see instructions).

Return Reference	Explanation

Schedule R (Form 990) 2019

Additional Data

Software ID:
Software Version:

1	Briefly describe the organization’s mission or most significant activities: PROVIDING WELFARE BENEFITS IN THE FORM OF A CREDIT TOWARD THE COST OF RETIREE HEALTH COVERAGE FOR RETIRED MEMBERS OF THE PIPING INDUSTRY.
2	Check this box
3	Number of voting members of the governing body (Part VI, line 1a) ........	3	8
4	Number of independent voting members of the governing body (Part VI, line 1b) .....	4	8
5	Total number of individuals employed in calendar year 2019 (Part V, line 2a) ......	5	0
6	Total number of volunteers (estimate if necessary) .............	6	8
7a	Total unrelated business revenue from Part VIII, column (C), line 12 ........	7a	0
b	Net unrelated business taxable income from Form 990-T, line 39 .........	7b	0

		Prior Year	Current Year
8	Contributions and grants (Part VIII, line 1h) .........	0	0
9	Program service revenue (Part VIII, line 2g) .........	9,374,631	10,838,321
10	Investment income (Part VIII, column (A), lines 3, 4, and 7d ) ....	6,317,334	5,699,446
11	Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e)	0	0
12	Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)	15,691,965	16,537,767
13	Grants and similar amounts paid (Part IX, column (A), lines 1–3 )...	0	0
14	Benefits paid to or for members (Part IX, column (A), line 4).....	9,406,460	9,709,963
15	Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10)	0	0
16a	Professional fundraising fees (Part IX, column (A), line 11e) .....	0	0
b	Total fundraising expenses (Part IX, column (D), line 25) 0
17	Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e)....	924,949	818,581
18	Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25)	10,331,409	10,528,544
19	Revenue less expenses. Subtract line 18 from line 12.......	5,360,556	6,009,223
		Beginning of Current Year	End of Year
20	Total assets (Part X, line 16).............	195,729,748	232,985,648
21	Total liabilities (Part X, line 26).............	122,340	127,336
22	Net assets or fund balances. Subtract line 21 from line 20.....	195,607,408	232,858,312

Sign Here

	Signature of officer	Date

	Type or print name and title


4a	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )
	PROVIDING WELFARE BENEFITS IN THE FORM OF A CREDIT TOWARDS THE COST OF RETIREE HEALTH COVERAGE FOR RETIRED MEMBERS OF THE PIPING INDUSTRY.

4b	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )












4c	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )












4d	Other program services (Describe in Schedule O.)
	(Expenses $ including grants of $ ) (Revenue $ )
4e	Total program service expenses

(A) Name and title	(B) Average hours per week (list any hours for related organizations below dotted line)	(C) Position (do not check more than one box, unless person is both an officer and a director/trustee)		(D) Reportable compensation from the organization (W-2/1099-MISC)	(E) Reportable compensation from related organizations (W-2/1099-MISC)	(F) Estimated amount of other compensation from the organization and related organizations
(A) Name and title
(1) JAKE PETTIT...................................................................... CHAIR	2.00 ................. 0.00	X	X	0	0	0
(2) GARY THADEN...................................................................... TRUSTEE	2.00 ................. 0.00	X	X	0	0	0
(3) JEFF HUBERTY...................................................................... TRUSTEE	2.00 ................. 0.00	X		0	0	0
(4) DOUG JONES...................................................................... TRUSTEE	2.00 ................. 0.00	X		0	0	0
(5) JOE LANE...................................................................... TRUSTEE	2.00 ................. 0.00	X		0	0	0
(6) KRISTEN OLSON...................................................................... TRUSTEE	2.00 ................. 0.00	X		0	0	0
(7) MIKE TIEVA...................................................................... TRUSTEE	2.00 ................. 0.00	X		0	0	0
(8) SCOTT SEATH...................................................................... TRUSTEE	2.00 ................. 0.00	X		0	0	0

1b	Sub-Total................
c	Total from continuation sheets to Part VII, Section A....
d	Total (add lines 1b and 1c)...........	0	0	0

(A) Name and business address	(B) Description of services	(C) Compensation
TWELE CAPITAL MANAGEMENT INC 5601 SMETANA DR STE 707 MINNETONKA,MN55343	INVESTMENT ADVISORY	469,318
PIPE TRADES SERVICES OF MINNESOTA INC 4461 WHITE BEAR LAKE PKY STE 1 WHITE BEAR LAKE,MN55110	MANAGEMENT FEES	218,727



2 Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization 2

1a	Federated campaigns..	1a
b	Membership dues..	1b
c	Fundraising events..	1c
d	Related organizations	1d
e	Government grants (contributions)	1e

f	All other contributions, gifts, grants, and similar amounts not included above	1f

g	Noncash contributions included in lines 1a - 1f:$	1g

h Total. Add lines 1a-1f.......

		Business Code
2a	EMPLOYER CONTRIBUTIONS	525100	10,838,321	10,838,321
b
c
d
e
f	All other program service revenue.
g	Total. Add lines 2a–2f .....		10,838,321

3 Investment income (including dividends, interest, and othersimilar amounts) ......			5,624,071			5,624,071
4 Income from investment of tax-exempt bond proceeds
5 Royalties...........
		(ii) Personal	(i) Real
6a	Gross rents			6a
b	Less: rental expenses			6b
c	Rental income or (loss)			6c
d	Net rental income or (loss).......
		(ii) Other	(i) Securities
7a	Gross amount from sales of assets other than inventory		10,898,124	7a
b	Less: cost or other basis and sales expenses		10,822,749	7b
c	Gain or (loss)		75,375	7c
d	Net gain or (loss).........			75,375			75,375
8a	Gross income from fundraising events (not including $ of contributions reported on line 1c). See Part IV, line 18 ....
			8a
b	Less: direct expenses ...		8b
c	Net income or (loss) from fundraising events..
9a	Gross income from gaming activities. See Part IV, line 19 ...
			9a
b	Less: direct expenses ...		9b
c	Net income or (loss) from gaming activities..
10a	Gross sales of inventory, less returns and allowances ..
			10a
b	Less: cost of goods sold ..		10b
c	Net income or (loss) from sales of inventory..
Business Code			Miscellaneous Revenue
11a
b
c
d	All other revenue ....
e	Total. Add lines 11a–11d ......
12	Total revenue. See instructions.....			16,537,767	10,838,321	0	5,699,446

1	Grants and other assistance to domestic organizations and domestic governments. See Part IV, line 21 ....
2	Grants and other assistance to domestic individuals. See Part IV, line 22 ...........
3	Grants and other assistance to foreign organizations, foreign governments, and foreign individuals. See Part IV, lines 15 and 16. .............
4	Benefits paid to or for members .......	9,709,963
5	Compensation of current officers, directors, trustees, and key employees ...........
6	Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) .........
7	Other salaries and wages........
8	Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) ....
9	Other employee benefits .......
10	Payroll taxes ...........
11	Fees for services (non-employees):
a	Management ......	218,727
b	Legal .........	7,413
c	Accounting ...........	63,528
d	Lobbying ...........
e	Professional fundraising services. See Part IV, line 17
f	Investment management fees ......	469,318
g	Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O)	38,700
12	Advertising and promotion ....
13	Office expenses .......
14	Information technology ......
15	Royalties ..
16	Occupancy ...........
17	Travel ............
18	Payments of travel or entertainment expenses for any federal, state, or local public officials .
19	Conferences, conventions, and meetings ....
20	Interest ...........
21	Payments to affiliates .......
22	Depreciation, depletion, and amortization ..
23	Insurance ...	20,772
24	Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule O.)
a	MISCELLANEOUS	123
b
c
d
e	All other expenses
25	Total functional expenses. Add lines 1 through 24e	10,528,544
26	Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here if following SOP 98-2 (ASC 958-720).

1	Cash–non-interest-bearing ........		173,690	1	50,131
2	Savings and temporary cash investments .........		7,567,870	2	6,734,704
3	Pledges and grants receivable, net ......			3
4	Accounts receivable, net .............		711,229	4	832,353
5	Loans and other payables to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .......
				5
6	Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), and persons described in section 4958(c)(3)(B) ...
				6
7	Notes and loans receivable, net ...........			7
8	Inventories for sale or use ............			8
9	Prepaid expenses and deferred charges ......		17,517	9	77,937
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a
b	Less: accumulated depreciation	10b		10c
11	Investments—publicly traded securities .		186,164,442	11	224,195,523
12	Investments—other securities. See Part IV, line 11 .....			12
13	Investments—program-related. See Part IV, line 11 ..			13
14	Intangible assets ...............			14
15	Other assets. See Part IV, line 11 ...........		1,095,000	15	1,095,000
16	Total assets. Add lines 1 through 15 (must equal line 33)...		195,729,748	16	232,985,648

17	Accounts payable and accrued expenses .....	122,340	17	127,336
18	Grants payable ...		18
19	Deferred revenue .........		19
20	Tax-exempt bond liabilities .........		20
21	Escrow or custodial account liability. Complete Part IV of Schedule D		21
22	Loans and other payables to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .........
			22
23	Secured mortgages and notes payable to unrelated third parties ..		23
24	Unsecured notes and loans payable to unrelated third parties ..		24
25	Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17 - 24). Complete Part X of Schedule D		25
26	Total liabilities. Add lines 17 through 25..	122,340	26	127,336

	Organizations that follow FASB ASC 958, check here and complete lines 27, 28, 32, and 33.
27	Net assets without donor restrictions ..........		27
28	Net assets with donor restrictions ...........		28
	Organizations that do not follow FASB ASC 958, check here and complete lines 29 through 33.
29	Capital stock or trust principal, or current funds .....	0	29	0
30	Paid-in or capital surplus, or land, building or equipment fund ...	0	30	0
31	Retained earnings, endowment, accumulated income, or other funds	195,607,408	31	232,858,312
32	Total net assets or fund balances ...........	195,607,408	32	232,858,312
33	Total liabilities and net assets/fund balances ........	195,729,748	33	232,985,648