Litchfield Fire-2
- Assets
- $1.1m
- Revenue
- $194.9k
- Investments
- $0.0
- Employees
- 5
- Location
- Litchfield, MN
- Founding
- 05/1945
- Data as of
- 12/2021
- EIN
- 41-1289752
Organization Overview
Litchfield Fire-2 is located in Litchfield, MN. The organization was established in 1945. According to its NTEE Classification (M24) the organization is classified as: Fire Prevention, under the broad grouping of Public Safety, Disaster Preparedness & Relief and related organizations. As of 12/2021, Litchfield Fire-2 employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Litchfield Fire-2 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 12/2021, Litchfield Fire-2 generated $194.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $97.6k during the year ending 12/2021. While expenses have increased by 1.6% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE RETIREMENT BENEFITS TO FIREFIGHTERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
FIRE RESCUE & COMMUNITY SUPPORT SERVICES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jamie Brekke Secretary | OfficerTrustee | 1 | $0 |
Matt Kadelbach President | OfficerTrustee | 1 | $0 |
Kyle Wald Treasurer | OfficerTrustee | 1 | $0 |
Glendon Caron Vice Preside | OfficerTrustee | 1 | $0 |
Martin Elwell Trustee | Trustee | 1 | $0 |
Joyce Spreiter City Clerk | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $72,683 |
| 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 | $72,683 |
| Total Program Service Revenue | $28 |
| Investment income | $74,847 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $47,338 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $194,896 |
| 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 | $47,674 |
| 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 | $2,734 |
| 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 | $9,940 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $11,195 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $644 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,056 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $100 |
| All other expenses | $0 |
| Total functional expenses | $97,626 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $276,205 |
| Savings and temporary cash investments | $123,356 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,000 |
| 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 | $660,747 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,063,308 |
| Accounts payable and accrued expenses | $451 |
| 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 | $451 |
| 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 | $1,062,857 |
| Total liabilities and net assets/fund balances | $1,063,308 |
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|---|---|---|
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Sun Prairie Fire & Rescue Company Sun Prairie, WI | $322,315 | $2,382,259 |
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Elk River Fire & Ambulance Service Elk River, MN | $1,085,031 | $2,381,867 |
Dover Firemans Relief Association Dover, MN | $766,350 | $1,633,588 |
Mckenzie County Ambulance Service Watford City, ND | $4,725,113 | $1,535,302 |
Eagan Volunteer Firemans Relief Association Eagan, MN | $11,232,705 | $384,512 |
Tess Corners Volunteer Fire Dept Muskego, WI | $2,146,961 | $1,520,539 |
Andover Firefighters Relief Association Andover, MN | $4,006,740 | $315,386 |