Holdingford Fire Dept Relief Assn
- Assets
- $553.0k
- Revenue
- $176.9k
- Investments
- $491.3k
- Employees
- 3
- Location
- Holdingford, MN
- Founding
- 12/1997
- Data as of
- 12/2020
- EIN
- 41-6032138
Organization Overview
Holdingford Fire Dept Relief Assn is located in Holdingford, MN. The organization was established in 1997. According to its NTEE Classification (M23) the organization is classified as: Search & Rescue Squads, under the broad grouping of Public Safety, Disaster Preparedness & Relief and related organizations. As of 12/2021, Holdingford Fire Dept Relief Assn employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Holdingford Fire Dept Relief Assn is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2020, Holdingford Fire Dept Relief Assn generated $176.9k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 31.5% each year . All expenses for the organization totaled $170.0k during the year ending 12/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE RETIREMENT BENEFITS FOR FIREMEN
Describe the Organization's Program Activity:
Part 3 - Line 4a
INCOME WAS USED TO FUND VOLUNTEER FIREMEN AND RESCUE MEMBERS PENSION AS PRESCRIBED BY STATE LAW.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Schmidt Vice President | Officer | 1 | $0 |
Arlene Warga Secretary | Officer | 1 | $0 |
Dan Gerads Treasurer | Officer | 1 | $0 |
Melvin Breth President | Officer | 1 | $0 |
Kyle Pundsack Treasurer | Officer | 1 | $0 |
Amber Molitor Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $23,209 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $23,209 |
| Total Program Service Revenue | $0 |
| Investment income | $93,554 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$1,198 |
| Net Income from Gaming Activities | $61,290 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $176,855 |
| 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 | $67,200 |
| Compensation of current officers, directors, key employees. | $1,320 |
| Compensation of current officers, directors, key employees. | $660 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,380 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $313 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,700 |
| 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 | $23,870 |
| 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 | $1,035 |
| Total functional expenses | $170,043 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,737 |
| Savings and temporary cash investments | $18,961 |
| 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 | $0 |
| Investments—other securities | $491,302 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $553,000 |
| 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 | $0 |
| 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 | $553,000 |
| Total liabilities and net assets/fund balances | $553,000 |
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