Nashwauk Fire Relief Association
- Assets
- $557.4k
- Revenue
- $145.3k
- Investments
- $0.0
- Employees
- 15
- Location
- Nashwauk, MN
- Founding
- 08/2014
- Data as of
- 12/2021
- EIN
- 41-6025552
Organization Overview
Nashwauk Fire Relief Association is located in Nashwauk, MN. The organization was established in 2014. According to its NTEE Classification (Y30) the organization is classified as: Pension & Retirement Funds, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2021, Nashwauk Fire Relief Association employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nashwauk Fire Relief Association is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Nashwauk Fire Relief Association generated $145.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 28.8% each year . All expenses for the organization totaled $11.6k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
MANAGES FUNDS TO PROVIDE RETIREMENT BENEFITS FOR ITS MEMBERS THE ASSOCIATION IS A GOVERNMENT ENTITY THAT RECEIVES AND MANAGES PUBLIC MONEY FOR THE RETIREMENT BENEFITS OF ITS MEMBERS. ITS MEMBERS PROVIDE FIRE FIGHTING SERVICES TO
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE RETIREMENT BENEFITS FOR ITS MEMBERS WHO PROVIDE FIRE FIGHTING SERVICES TO THE CITY OF NASHWAUK
TO PROVIDE GENERAL MEMBERSHIP SUPPORT AND COMMUNITY EVENTS SUPPORT
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jesse Larcom President | Trustee | 1 | $0 |
Kevin Bodin Vice President | Trustee | 1 | $0 |
Joseph Calaguire Treasurer | Trustee | 1 | $0 |
Lance Hopke Secretary | Trustee | 1 | $0 |
Paul Vraa Trustee | Trustee | 1 | $0 |
John Ketola Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $32,509 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,234 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $36,743 |
| Total Program Service Revenue | $0 |
| Investment income | $6,908 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $70,678 |
| Net Income from Fundraising Events | $2,274 |
| Net Income from Gaming Activities | $28,653 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $145,256 |
| 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 | $0 |
| Compensation of current officers, directors, key employees. | $2,100 |
| Compensation of current officers, directors, key employees. | $2,100 |
| 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 | $1,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $11,646 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,478 |
| Savings and temporary cash investments | $55,420 |
| 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 | $494,527 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $557,425 |
| Accounts payable and accrued expenses | $1,619 |
| 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 | $1,619 |
| Net assets without donor restrictions | $61,279 |
| Net assets with donor restrictions | $494,527 |
| 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 | $557,425 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Retirement Enhancement And Benefit Alternatives Veba Trust Iv Minneapolis, MN | $19,705,503 | $3,143,619 |
Mendota Heights Volunteer Firemen Relief Assn Mendota Heights, MN | $4,423,614 | $293,640 |
Stillwater Fire Department Relief Association Stillwater, MN | $5,233,461 | $622,767 |
Firemens Relief Assns Of Minn Luverne Assn Luverne, MN | $1,450,168 | $271,985 |
Little Falls Fire Relief Association Little Falls, MN | $2,000,278 | $295,581 |
Round Lake Fire Relief Association Round Lake, MN | $314,443 | $0 |
Windom Firemens Relief Association Windom, MN | $1,550,985 | $199,751 |
St Augusta Firefighters Relief Association St Augusta, MN | $571,315 | $63,143 |
Mazeppa Firefighters Relief Assoc Mazeppa, MN | $315,989 | $27,262 |
Key Club International Little Falls, MN | $13,256 | $0 |
Blackduck Volunteer Firemans Relief Assoc Blackduck, MN | $598,574 | $39,183 |
Nashwauk Fire Relief Association Nashwauk, MN | $557,425 | $145,256 |