Mcgrath Fire Department Relief Association
- Assets
- $339.9k
- Revenue
- $16.4k
- Investments
- $0.0
- Employees
- 1
- Location
- Mcgrath, MN
- Founding
- 01/1998
- Data as of
- 12/2020
- EIN
- 41-1690675
Organization Overview
Mcgrath Fire Department Relief Association is located in Mcgrath, MN. The organization was established in 1998. According to its NTEE Classification (M23) the organization is classified as: Search & Rescue Squads, 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. Mcgrath Fire Department 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 12/2020, Mcgrath Fire Department Relief Association generated $16.4k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 15.6% each year . All expenses for the organization totaled $1.8k during the year ending 12/2020. While expenses have increased by 8.1% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE PENSION BENEFITS TO MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTAIN FUNDS TO PROVIDE PENSION, DISABILITY, AND DEATH BENEFITS TO ELIGIBLE MEMBERS AND THEIR FAMILIES. THESE MEMBERS ARE MCGRATH MN FIRE DEPT. VOLUNTEER FIREFIGHTERS. 2 FIREFIGHTER RECEIVED ACCRUED BENEFITS IN 2021; THERE ARE 14 ACTIVE AND 4 INACTIVE FIREFIGHTERS FOR WHOM PENSION BENEFITS ARE BEING MAINTAINED UNTIL THEY MEET RETIREMENT REQUIREMENTS. CURRENTLY FUNDS ARE INVESTED IN SAVINGS, CERTIFICATES OF DEPOSIT, AND WITH THE MN STATE BOARD OF INVESTMENT.
RAISED FUNDS IN SUPPORT OF LOCAL GOVERNMENT ENTITIES, SCHOOLS, LOCAL COMMUNITY ACTIVITIES AND NEEDY INDIVIDUALS BY SELLING PULL-TABS UNDER STATE OF MINNESOTA LICENSE AT 2 LICENSED SITES. RESULTS FROM THIS OPERATION ARE REPORTED ON PART VIII LINE 9 AND PART IX, LINES 1-5. (DOUBLE REPORTING OF GRANTS AND WAGES IS REVERSED BY PART IX, LINE 24 ENTRY.)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dawn Johnson Board/gambli | Trustee | 10 | $11,225 |
Brian Zimpel Treasurer | OfficerTrustee | 1 | $0 |
Larry Danielson President | OfficerTrustee | 2 | $0 |
Jerry Kohlgraf Vice Preside | OfficerTrustee | 0.5 | $0 |
Jim Johnson Secretary | OfficerTrustee | 1 | $0 |
Steve Bartelma Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,565 |
| Investment income | $230 |
| 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 | $3,609 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,404 |
| 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 | $1,728 |
| Compensation of current officers, directors, key employees. | $7,742 |
| 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 | $3 |
| 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 | $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 | $1,756 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $44,832 |
| Savings and temporary cash investments | $218,800 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $157 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $312 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $75,750 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $339,851 |
| Accounts payable and accrued expenses | $62 |
| 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 | $62 |
| 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 |
| Total liabilities and net assets/fund balances | $339,789 |
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