Lake Vermilion Fire Brigade
- Assets
- $1.0m
- Revenue
- $82.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Cook, MN
- Founding
- 05/2009
- Data as of
- 12/2021
- EIN
- 26-4156929
Organization Overview
Lake Vermilion Fire Brigade is located in Cook, MN. The organization was established in 2009. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Vermilion Fire Brigade 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, Lake Vermilion Fire Brigade generated $82.2k 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 (10.4%) each year. All expenses for the organization totaled $106.8k 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
TO SUPPORT AVAILIBILITY OF ONGOING FIRE AND RESCUE MEANS AND OPERATIONS ON THE WEST END OF LAKE VERMILION IN ST LOUIS COUNTY, MINNESOTA
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING 2021, LVFB PROVIDED TRAINING IN FIRE BOAT OPERATIONS, EMS/CPR, COVID PROTOCOL, RESPONDED IN SEARCH & RESCUE, EMS, FIRES, AND ASSISTED USFS IN CONTROLLED BURN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erin Kennedy Secretary | Officer | 5 | $0 |
Paul Ludlow Vice President | Officer | 5 | $0 |
Laurie Potter Treasurer | Officer | 5 | $0 |
Don Potter President | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $61,126 |
| Membership dues | $0 |
| Fundraising events | $1,316 |
| Related organizations | $0 |
| Government grants | $11,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $73,442 |
| Total Program Service Revenue | $5,825 |
| Investment income | $35 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,078 |
| 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 | $1,856 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $82,236 |
| 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 | $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 | $135 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,360 |
| 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 | $66,987 |
| Insurance | $10,124 |
| All other expenses | $0 |
| Total functional expenses | $106,805 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $84,158 |
| Savings and temporary cash investments | $75,482 |
| 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 | $5,356 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $872,465 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,037,461 |
| 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 | $1,037,461 |
| Total liabilities and net assets/fund balances | $1,037,461 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Lake Vermilion Fire Brigade has recieved totaling $5,500.
| Awarding Organization | Amount |
|---|---|
Al & Char Hatfield Family Foundation Wellington, FL PURPOSE: PROGRAM SUPPORT | $5,000 |
Flagship Foundation Chanhassen, MN PURPOSE: GENERAL SUPPORT | $500 |
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 |
Mcville Community Ambulance Service Mcville, ND | $376,177 | $0 |
Kindred Area Ambulance Service Inc Kindred, ND | $1,130,081 | $202,365 |
International Nanny Association Milwaukee, WI | $83,052 | $134,828 |
Guardian Project - Ia West Des Moines, IA | $391,847 | $0 |
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 |