Bangor Police Relief Association
- Assets
- $1.2m
- Revenue
- $34.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Bangor, ME
- Founding
- 01/1989
- Data as of
- 10/2022
- EIN
- 01-0369983
Organization Overview
Bangor Police Relief Association is located in Bangor, ME. The organization was established in 1989. According to its NTEE Classification (Y44) the organization is classified as: Voluntary Employees Beneficiary Associations Government), under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bangor Police Relief Association is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 10/2022, Bangor Police Relief Association generated $34.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (13.4%) each year. All expenses for the organization totaled $45.6k during the year ending 10/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S EXEMPT PURPOSE IS TO PROVIDE DEATH BENEFITS TO THE SURVIVOR OF AN INDIVIDUAL MEMBER OF THE BANGOR POLICE RELIEF ASSOCIATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION PROVIDES DEATH BENEFITS TO THE SURVIVOR OF AN INDIVIDUAL MEMBER OF THE BANGOR POLICE RELIEF ASSOCIATION.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Orcutt President | OfficerTrustee | 1 | $0 |
Keith Larby Vice President | OfficerTrustee | 1 | $0 |
Doug Smith Secretary | OfficerTrustee | 1 | $0 |
Robert Welch Treasurer | OfficerTrustee | 1 | $0 |
George Bryant Director | Trustee | 1 | $0 |
Brad Johnston Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $3,500 |
| Fundraising events | $1,465 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,965 |
| Total Program Service Revenue | $0 |
| Investment income | $59,576 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$30,514 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $34,027 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $27,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,394 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,000 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,190 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $268 |
| Total functional expenses | $45,552 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,973 |
| Savings and temporary cash investments | $101,225 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,069,909 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,173,107 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $1,173,107 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,173,107 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Massachusetts Correction Officers Health & Welfare Trust Fund Manchester, NH | $7,834,851 | $3,464,722 |
Maine State Employees Assoc Income Protection Plan & Trust Agreement Augusta, ME | $8,070,829 | $1,941,840 |
American Postal Workers Accident Benefit Association Rochester, NH | $1,296,349 | $1,626,413 |
Mcofu Retiree Health And Welfare Plan Tr Manchester, NH | $10,161,824 | $1,401,304 |
Maine State Troopers Association Benefits Trust Augusta, ME | $795,224 | $158,411 |
Bangor Police Relief Association Bangor, ME | $1,173,107 | $34,027 |
Bangor Firmens Relief Association Bangor, ME | $717,796 | $29,944 |