Bangor Firmens Relief Association
- Assets
- $717.8k
- Revenue
- $29.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Bangor, ME
- Founding
- 02/1974
- Data as of
- 12/2021
- EIN
- 23-7291415
Organization Overview
Bangor Firmens Relief Association is located in Bangor, ME. The organization was established in 1974. 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 Firmens 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 12/2021, Bangor Firmens Relief Association generated $29.9k 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 (4.6%) each year. All expenses for the organization totaled $5.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (29.7%) per year over the past 7 years. 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
TO PROVIDE DEATH BENEFITS TO SURVIVING FAMILIES OF BANGOR FIREMEN
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE RELIEF FUND PAID NO DEATH BENEFITS TO SURVIVING FAMILIES IN 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chandler Corriveau President | Officer | 10 | $0 |
Jared Bowden Secretary Treasurer | Officer | 20 | $0 |
Joe Donovan Vice President | Officer | 10 | $0 |
Dale Page Director | Trustee | 2.5 | $0 |
Ken Wicks Director | Trustee | 2.5 | $0 |
Allen Fournier Director | Trustee | 2.5 | $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 | $2,971 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,971 |
| Total Program Service Revenue | $0 |
| Investment income | $21,877 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,096 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $29,944 |
| 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. | $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 | $1,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,982 |
| 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 | $4,982 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $16,686 |
| 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 | $701,110 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $717,796 |
| 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 | $717,796 |
| Total liabilities and net assets/fund balances | $717,796 |
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 |