Ideal Firefighter Relief Association is located in Pequot Lakes, MN. The organization was established in 2000. According to its NTEE Classification (M20) the organization is classified as: Disaster Preparedness & Relief Services, 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. Ideal Firefighter Relief Association 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, Ideal Firefighter Relief Association generated $273.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 31.5% each year . All expenses for the organization totaled $103.2k during the year ending 12/2021. While expenses have increased by 31.6% 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
THE ASSOCIATION ACCUMULATES FUNDS FOR RETIREMENT BENEFITS FOR ITS MEMBERS - VOLUNTEER FIREFIGHTERS OF THE IDEAL FIRE DEPARTMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE RETIREMENT BENEFITS TO VOLUNTEER FIREFIGHTERS OF THE IDEAL FIRE DEPARTMENT
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Mark Sherman President | OfficerTrustee | 1 | $599 |
Jeff Holubar Treasurer | OfficerTrustee | $599 | |
Eli Loven Vice Preside | OfficerTrustee | $0 | |
Craig Wallace Township Cle | Trustee | $0 | |
Rob Birkeland Fire Chief | Trustee | $0 | |
Luke Hanson Trustee | Trustee | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $209,339 |
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 | $209,339 |
Total Program Service Revenue | $0 |
Investment income | $36,145 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $28,123 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $273,607 |
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 | $1,198 |
Pension plan accruals and contributions | $79,300 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $4,300 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $13,220 |
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 | $160 |
All other expenses | $0 |
Total functional expenses | $103,246 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $12,129 |
Savings and temporary cash investments | $181,304 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $1,000 |
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 | $1,472,381 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $23 |
Total assets | $1,666,837 |
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 | $12,050 |
Net assets with donor restrictions | $1,654,787 |
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 | $0 |
Total liabilities and net assets/fund balances | $1,666,837 |
Organization Name | Assets | Revenue |
---|---|---|
Southwest Iowa Rec Corning, IA | $40,599,568 | $12,865,419 |
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Floodwood Services And Training Inc Floodwood, MN | $2,392,656 | $1,359,857 |
Footprint Project Eagan, MN | $111,376 | $534,354 |
Nechama-Jewish Disaster Response Saint Paul, MN | $544,856 | $686,348 |
Allied Emergency Services Inc Amery, WI | $3,654,200 | $506,264 |
Madelia Strong Inc Madelia, MN | $23,966 | $106,005 |
Farmington Fire Fighters Relief Association Farmington, MN | $4,531,454 | $692,263 |
India Association Of Minnesota Inc Saint Paul, MN | $98,657 | $268,168 |
The Southeast Wisconsin Healthcare Emergency Readiness Coalition Inc Brookfield, WI | $156,189 | $268,422 |
Dorchester Community Emergency Services Inc Dorchester, WI | $849,784 | $184,126 |
The Healthstore Foundation Burnsville, MN | $235,341 | $0 |