Fargo Firefighters Pension Assoc
- Assets
- $42.7m
- Revenue
- $7.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Fargo, ND
- Founding
- 08/1965
- Data as of
- 06/2022
- EIN
- 45-0262239
Organization Overview
Fargo Firefighters Pension Assoc is located in Fargo, ND. The organization was established in 1965. According to its NTEE Classification (M19) the organization is classified as: Support N.E.C., under the broad grouping of Public Safety, Disaster Preparedness & Relief and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fargo Firefighters Pension Assoc 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 06/2022, Fargo Firefighters Pension Assoc generated $7.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 17.9% each year . All expenses for the organization totaled $3.2m during the year ending 06/2022. While expenses have increased by 2.8% per year over the past 8 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
DEFINED BENEFIT PENSION PLAN FOR MEMBERS OF FARGO FIREFIGHTER'S PENSION ASSOCIATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FARGO FIREFIGHTERS PENSION ASSOCIATION PROVIDES RETIREMENT BENEFITS TO 54 SERVICE MEMBERS AND 24 FAMILIES OF DECEASED FIREFIGHTERS. ALONG WITH THIS, WE PROVIDE DISABILITY BENEFITS TO 8 MEMBERS AND PROVIDE SEPARATION REFUNDS TO MEMBERS VESTED IN THEIR OWN CONTRIBUTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ryan Viergutz President | OfficerTrustee | 1 | $0 |
Chris Pieper Vice President | OfficerTrustee | 1 | $0 |
Brett Petsinger Secretary/treasurer | OfficerTrustee | 1 | $0 |
Jamie Garvey Trustee | Trustee | 1 | $0 |
Jason Underdahl Trustee | Trustee | 1 | $0 |
Zach Hagen Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $2,560,640 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,085,798 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $2,948,160 |
| 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 | $15,700 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,901 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $192,806 |
| 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 | $9,085 |
| All other expenses | $0 |
| Total functional expenses | $3,191,752 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $137,861 |
| Savings and temporary cash investments | $2,912,228 |
| 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 |
| Investments—publicly traded securities | $39,652,631 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $42,702,720 |
| Accounts payable and accrued expenses | $24,666 |
| 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 | $24,666 |
| Net assets without donor restrictions | $42,678,054 |
| 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 |
| Total liabilities and net assets/fund balances | $42,678,054 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fargo Firefighters Pension Assoc Fargo, ND | $42,702,720 | $7,085,798 |
Care Resource Connection Otsego, MN | $1,654 | $332,262 |
Big Mountain Firefighters Association Whitefish, MT | $135,370 | $0 |
Randall Fire Dept Randall, MN | $480,294 | $53,471 |
Montana Fire Alliance Inc Helena, MT | $5,179 | $0 |
Trooper David Delaittre Memorial Park Inc Three Forks, MT | $177,086 | $0 |