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St Paul Teachers Retirement Fund Association

Organization summary

Type of Nonprofit

Designated as a Teachers' retirement fund associations.

Category: Mutual/Membership Benefit Organizations, Other / Teachers Retirement Fund Association (NTEE)

Donations to this organization are not tax deductible.

Summary charts: organization finances over time

Revenue
$97.5M (2023)

Expenses
$128M (2023)

Total Assets
$1.22B (2023)

Total Liabilities
$7.66M (2023)

Source: Form 990 tax filings from 2009 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$97,462,633
Expenses
$127,562,120
Net Income
-$30,099,487
Net Assets
$1,216,752,567
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $61,442,746
63.0%
Investment Income $13,478,409
13.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $6,796,436
7.0%
Net Inventory Sales $0
Other Revenue $15,745,042
16.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $90,971
0.1%
Professional Fundraising Fees $0
Other Salaries and Wages $345,454
0.3%
Assets/Debt
Total Assets $1,224,412,795
Total Liabilities $7,660,228
Net Assets $1,216,752,567
Compensation
Key Employees and Officers Compensation Related Other
Phillip Tencick (Executive Director) $42,215 $0 $0
Jill E Schurtz (Executive Director) $25,837 $0 $0
Michael Mc Collor (Interim Executive Director) $22,919 $0 $0
Karen Odegard (Trustee) $0 $0 $0
Mike Mc Collor (President) $0 $0 $0
Lori Borgeson (Vice President) $0 $0 $0
Matt Bogenschultz (Trustee) $0 $0 $0
Michael Mc Kay (Treasurer) $0 $0 $0
Zuki Ellis (Ex Officio, Trustee) $0 $0 $0
Margaret Schiller (Trustee) $0 $0 $0
Thomas Koreltz (Secretary) $0 $0 $0
John Horton (Trustee) $0 $0 $0
Stephanie Piganto (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$156,236,974
Expenses
$125,395,240
Net Income
$30,841,734
Net Assets
$1,154,427,105
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $62,169,171
39.8%
Investment Income $18,927,931
12.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $59,427,189
38.0%
Net Inventory Sales $0
Other Revenue $15,712,683
10.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $91,706
0.1%
Professional Fundraising Fees $0
Other Salaries and Wages $308,523
0.2%
Assets/Debt
Total Assets $1,157,197,813
Total Liabilities $2,770,708
Net Assets $1,154,427,105
Compensation
Key Employees and Officers Compensation Related Other
Jill E Schurtz (Executive Director) $91,706 $0 $0
Karen Odegard (Trustee) $0 $0 $0
Mike Mc Collor (President) $0 $0 $0
Lori Borgeson (Vice President) $0 $0 $0
Matt Bogenschultz (Secretary) $0 $0 $0
Michael Mc Kay (Treasurer) $0 $0 $0
Chauntyll Allen (Ex Officio, Trustee) $0 $0 $0
Margaret Schiller (Trustee) $0 $0 $0
Thomas Koreltz (Trustee) $0 $0 $0
Gene Ward (Trustee) $0 $0 $0
Stephanie Piganto (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$185,658,691
Expenses
$122,958,009
Net Income
$62,700,682
Net Assets
$1,295,064,305
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $56,584,623
30.5%
Investment Income $10,139,068
5.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $103,225,570
55.6%
Net Inventory Sales $0
Other Revenue $15,709,430
8.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $91,706
0.1%
Professional Fundraising Fees $0
Other Salaries and Wages $253,905
0.2%
Assets/Debt
Total Assets $1,329,007,145
Total Liabilities $33,942,840
Net Assets $1,295,064,305
Compensation
Key Employees and Officers Compensation Related Other
Jill E Schurtz (Executive Director) $91,706 $0 $0
Karen Odegard (Trustee) $0 $0 $0
Mike Mc Collor (President) $0 $0 $0
Lori Borgeson (Vice President) $0 $0 $0
Matt Bogenschultz (Secretary) $0 $0 $0
Michael Mc Kay (Treasurer) $0 $0 $0
Zuki Ellis (Ex Officio, Trustee) $0 $0 $0
Margaret Schiller (Trustee) $0 $0 $0
Thomas Koreltz (Trustee) $0 $0 $0
Xong Moua (Trustee) $0 $0 $0
Stephanie Piganto (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$81,351,043
Expenses
$121,870,551
Net Income
-$40,519,508
Net Assets
$1,037,613,055
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $55,028,261
67.6%
Investment Income $11,372,054
14.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$849,840
Net Inventory Sales $0
Other Revenue $15,800,568
19.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $91,706
0.1%
Professional Fundraising Fees $0
Other Salaries and Wages $244,779
0.2%
Assets/Debt
Total Assets $1,041,740,185
Total Liabilities $4,127,130
Net Assets $1,037,613,055
Compensation
Key Employees and Officers Compensation Related Other
Jill E Schurtz (Executive Director) $91,706 $0 $0
Karen Odegard (Trustee) $0 $0 $0
Mike Mc Collor (President) $0 $0 $0
Lori Borgeson (Vice President) $0 $0 $0
Matt Bogenschultz (Secretary) $0 $0 $0
Michael Mc Kay (Treasurer) $0 $0 $0
Thomas Koreltz (Trustee) $0 $0 $0
John Kunz (Trustee) $0 $0 $0
Stephanie Pignato (Trustee) $0 $0 $0
Zuki Ellis (Ex Officio, Trustee) $0 $0 $0
Margaret Schiller (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$132,777,154
Expenses
$121,196,798
Net Income
$11,580,356
Net Assets
$1,080,543,589
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $51,942,425
39.1%
Investment Income $12,531,403
9.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $52,526,326
39.6%
Net Inventory Sales $0
Other Revenue $15,777,000
11.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $91,706
0.1%
Professional Fundraising Fees $0
Other Salaries and Wages $236,409
0.2%
Assets/Debt
Total Assets $1,084,101,638
Total Liabilities $3,558,049
Net Assets $1,080,543,589
Compensation
Key Employees and Officers Compensation Related Other
Jill E Schurtz (Executive Director) $91,706 $0 $0
John Kunz (President) $0 $0 $0
Mike Mc Collor (Vice President) $0 $0 $0
Lori Borgeson (Treasurer) $0 $0 $0
Matt Bogenschultz (Secretary) $0 $0 $0
Michael Mc Kay (Trustee) $0 $0 $0
Karen Odegard (Trustee) $0 $0 $0
James Paddock (Trustee) $0 $0 $0
Stephanie Pignato (Trustee) $0 $0 $0
Zuki Ellis (Ex Officio, Trustee) $0 $0 $0
Margaret Schiller (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$118,159,709
Expenses
$120,378,390
Net Income
-$2,218,681
Net Assets
$1,070,571,989
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $48,656,175
41.2%
Investment Income $11,098,476
9.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $47,588,615
40.3%
Net Inventory Sales $0
Other Revenue $10,816,443
9.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $87,298
0.1%
Professional Fundraising Fees $0
Other Salaries and Wages $227,324
0.2%
Assets/Debt
Total Assets $1,073,095,592
Total Liabilities $2,523,603
Net Assets $1,070,571,989
Compensation
Key Employees and Officers Compensation Related Other
Jill E Schurtz (Executive Director) $87,298 $0 $0
John Kunz (President) $0 $0 $0
Mike Mc Collor (Vice President) $0 $0 $0
Lori Borgeson (Treasurer) $0 $0 $0
Matt Bogenschultz (Secretary) $0 $0 $0
Feryle Borgeson (Trustee) $0 $0 $0
Michael Mc Kay (Trustee) $0 $0 $0
Karen Odegard (Trustee) $0 $0 $0
James Paddock (Trustee) $0 $0 $0
Stephanie Pignato (Trustee) $0 $0 $0
Zuki Ellis (Ex Officio, Trustee) $0 $0 $0

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$98,968,443
Expenses
$118,994,687
Net Income
-$20,026,244
Net Assets
$1,032,249,218
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $47,831,412
48.3%
Investment Income $12,335,783
12.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $27,933,380
28.2%
Net Inventory Sales $0
Other Revenue $10,867,868
11.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $82,890
0.1%
Professional Fundraising Fees $0
Other Salaries and Wages $229,688
0.2%
Assets/Debt
Total Assets $1,036,562,297
Total Liabilities $4,313,079
Net Assets $1,032,249,218
Compensation
Key Employees and Officers Compensation Related Other
Jill E Schurtz (Executive Director) $82,890 $0 $0
John Kunz (President) $0 $0 $0
Mike Mc Collor (Vice President) $0 $0 $0
Lori Borgeson (Secretary) $0 $0 $0
Stephanie Pignato (Treasurer) $0 $0 $0
Matt Bogenschultz (Trustee) $0 $0 $0
Feryle Borgeson (Trustee) $0 $0 $0
Michael Mc Kay (Trustee) $0 $0 $0
Karen Odegard (Trustee) $0 $0 $0
James Paddock (Trustee) $0 $0 $0
Zuki Ellis (Ex Officio, Trustee) $0 $0 $0

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$88,259,898
Expenses
$116,060,576
Net Income
-$27,800,678
Net Assets
$959,665,810
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $45,101,093
51.1%
Investment Income $13,811,523
15.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $18,569,265
21.0%
Net Inventory Sales $0
Other Revenue $10,778,017
12.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $82,382
0.1%
Professional Fundraising Fees $0
Other Salaries and Wages $252,211
0.2%
Assets/Debt
Total Assets $967,071,021
Total Liabilities $7,405,211
Net Assets $959,665,810
Compensation
Key Employees and Officers Compensation Related Other
Jill E Schurtz (Executive Director) $82,382 $0 $0
John Kunz (President) $0 $0 $0
Mike Mc Collar (Vice President) $0 $0 $0
Matt Bogenschultz (Secretary Treasurer) $0 $0 $0
Feryle Borgeson (Trustee) $0 $0 $0
Lori Borgeson (Trustee) $0 $0 $0
James Paddock (Trustee) $0 $0 $0
Karen Odegard (Trustee) $0 $0 $0
Stephanie Pignato (Trustee) $0 $0 $0
Michael Mc Kay (Trustee) $0 $0 $0
Zuki Ellis (Ex Officio, Trustee) $0 $0 $0

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$96,634,639
Expenses
$115,017,122
Net Income
-$18,382,483
Net Assets
$1,014,968,633
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $43,613,051
45.1%
Investment Income $14,563,091
15.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $27,709,271
28.7%
Net Inventory Sales $0
Other Revenue $10,749,225
11.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $89,257
0.1%
Professional Fundraising Fees $0
Other Salaries and Wages $253,572
0.2%
Assets/Debt
Total Assets $1,025,690,208
Total Liabilities $10,721,575
Net Assets $1,014,968,633
Compensation
Key Employees and Officers Compensation Related Other
Jill Schurtz (Executive Director) $78,373 $0 $0
Paul Doane (Former Executive Director (Retired)) $10,885 $0 $0
John Kunz (President) $0 $0 $0
Mike Mc Collar (Vice President) $0 $0 $0
Eugene Waschbusch (Secretary Treasurer) $0 $0 $0
Matt Bogenschultz (Trustee) $0 $0 $0
Feryle Borgeson (Trustee) $0 $0 $0
Jean O'connell (Ex Officio Trustee) $0 $0 $0
Lori Borgeson (Trustee) $0 $0 $0
James Paddock (Trustee) $0 $0 $0
Karen Odegard (Trustee) $0 $0 $0
Stephanie Pignato (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$273,190,948
Expenses
$112,087,203
Net Income
$161,103,745
Net Assets
$1,045,435,288
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $41,095,905
15.0%
Investment Income $15,017,136
5.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $206,331,514
75.5%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $10,746,393
3.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $170,888
0.2%
Professional Fundraising Fees $0
Other Salaries and Wages $271,046
0.2%
Assets/Debt
Total Assets $1,054,515,279
Total Liabilities $9,079,991
Net Assets $1,045,435,288

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$161,380,335
Expenses
$110,224,607
Net Income
$51,155,728
Net Assets
$933,082,142
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $37,943,251
23.5%
Investment Income $10,093,677
6.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $109,513,942
67.9%
Net Inventory Sales $0
Other Revenue $3,829,465
2.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $143,155
0.1%
Professional Fundraising Fees $0
Other Salaries and Wages $363,201
0.3%
Assets/Debt
Total Assets $939,863,145
Total Liabilities $6,781,003
Net Assets $933,082,142

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$39,415,693
Expenses
$107,610,269
Net Income
-$68,194,576
Net Assets
$881,926,414
Notable Sources of Revenue Percent of Total Revenue
Contributions $15,076
0.0%
Program Services $35,569,026
90.2%
Investment Income $7,284,804
18.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$7,161,707
Net Inventory Sales $0
Other Revenue $3,708,494
9.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $134,068
0.1%
Professional Fundraising Fees $0
Other Salaries and Wages $316,583
0.3%
Assets/Debt
Total Assets $884,630,704
Total Liabilities $2,704,290
Net Assets $881,926,414

Document Links

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$233,766,077
Expenses
$98,952,209
Net Income
$134,813,868
Net Assets
$950,120,989
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $34,758,398
14.9%
Investment Income $7,655,960
3.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $187,204,232
80.1%
Net Inventory Sales $0
Other Revenue $4,147,487
1.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $131,158
0.1%
Professional Fundraising Fees $0
Other Salaries and Wages $336,159
0.3%
Assets/Debt
Total Assets $958,412,309
Total Liabilities $8,291,320
Net Assets $950,120,989

Document Links

Fiscal Year Ending June
2010

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$139,011,971
Expenses
$96,963,835
Net Income
$42,048,136
Net Assets
$815,307,121
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $34,849,559
25.1%
Investment Income $7,826,669
5.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $92,093,478
66.2%
Net Inventory Sales $0
Other Revenue $4,242,265
3.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $114,360
0.1%
Professional Fundraising Fees $0
Other Salaries and Wages $303,420
0.3%
Assets/Debt
Total Assets $829,842,108
Total Liabilities $14,534,987
Net Assets $815,307,121

Document Links

Fiscal Year Ending June
2009

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
-$160,458,168
Expenses
$93,628,954
Net Income
-$254,087,122
Net Assets
$773,258,985
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $35,364,802
Investment Income $13,368,068
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$209,191,038
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $114,360
0.1%
Professional Fundraising Fees $0
Other Salaries and Wages $286,321
0.3%
Assets/Debt
Total Assets $844,542,608
Total Liabilities $71,283,623
Net Assets $773,258,985

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
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  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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