Stacy-Lent Fire Relief Association
- Assets
- $980.7k
- Revenue
- $597.0k
- Investments
- $0.0
- Employees
- 6
- Location
- Stacy, MN
- Founding
- 11/1997
- Data as of
- 12/2021
- EIN
- 41-6078000
Organization Overview
Stacy-Lent Fire Relief Association is located in Stacy, MN. The organization was established in 1997. According to its NTEE Classification (M99) the organization is classified as: Public Safety, Disaster Preparedness & Relief N.E.C., under the broad grouping of Public Safety, Disaster Preparedness & Relief and related organizations. As of 12/2021, Stacy-Lent Fire Relief Association employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stacy-Lent Fire Relief Association 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 12/2021, Stacy-Lent Fire Relief Association generated $597.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 35.9% each year . All expenses for the organization totaled $217.7k during the year ending 12/2021. While expenses have increased by 20.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE STACY LENT FIRE RELIEF ASSOCIATION ADMINISTERS THE PENSION PLAN FOR THE STACY LENT VOLUNTEER FIRE DEPARTMENT.
Describe the Organization's Program Activity:
ADMINISTER THE RETIREMENT ASSETS OF THE STACY LENT FIRE DEPARTMENT'S RELATED FIRE RELIEF ASSOCIATION AND PROVIDES LUMP SUM RETIREMENT BENEFITS TO RETIRED FIRE FIGHTERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Pate President | OfficerTrustee | 2 | $0 |
Matt Thompson Vice President | OfficerTrustee | 2 | $0 |
John Schweitzer Secretary | OfficerTrustee | 2 | $0 |
Shawn Bengtson Treasurer | OfficerTrustee | 2 | $0 |
Kurt Williams Trustee | Trustee | 2 | $0 |
Mark Utecht Ex-Officio Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $7,354 |
| Related organizations | $0 |
| Government grants | $51,068 |
| All other contributions, gifts, grants, and similar amounts not included above | $470 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $58,892 |
| Total Program Service Revenue | $0 |
| Investment income | $7,737 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $330,645 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $199,719 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $596,993 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $169,200 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $29,800 |
| Compensation of current officers, directors, key employees. | $3,250 |
| 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 | $5,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,278 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $6,522 |
| 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 | $217,700 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $156,105 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,414 |
| Prepaid expenses and deferred charges | $1,400 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $819,829 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $980,748 |
| Accounts payable and accrued expenses | $951 |
| 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 | $951 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $860,078 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $119,719 |
| Total liabilities and net assets/fund balances | $980,748 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Iola And Rural Fire Department And Ambulance Service Inc Iola, WI | $580,939 | $496,772 |
Northwest Wisconsin Healthcare Emergency Readiness Coalition Inc Menomonie, WI | $56,359 | $236,615 |
Stacy-Lent Fire Relief Association Stacy, MN | $980,748 | $596,993 |
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Lake Vermilion Fire Brigade Cook, MN | $1,037,461 | $82,236 |
South Dakota Perc Foundation Pierre, SD | $230 | $0 |
Lignite Volunteer Fire Department Minot, ND | $581,753 | $57,091 |
Wabasha Area Emergency Shelf Inc Wabasha, MN | $96,802 | $0 |
Mhs Bobcat Alumni Fund Inc Prole, IA | $18,377 | $825 |