Nashwauk Volunteer Firemens Relief Association
- Assets
- $550.5k
- Revenue
- $19.0k
- Investments
- $0.0
- Employees
- 13
- Location
- Nashwauk, MN
- Founding
- 08/2014
- Data as of
- 12/2023
- EIN
- 41-6025552
Organization Overview
Nashwauk Volunteer Firemens Relief Association is located in Nashwauk, MN. The organization was established in 2014. According to its NTEE Classification (Y30) the organization is classified as: Pension & Retirement Funds, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2023, Nashwauk Volunteer Firemens Relief Association employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nashwauk Volunteer Firemens 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 12/2023, Nashwauk Volunteer Firemens Relief Association generated $19.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (19.6%) each year. All expenses for the organization totaled $34.5k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
MAINTENANCE AND MANAGEMENT OF INVESTED FUNDS TO PROVIDE RETIREMENT AND/OR DISABILITY BENEFITS TO MEMBERS AND TO PROVIDE SUPPORT TO GENERAL MEMBERSHIP AND THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE RETIREMENT BENEFITS TO MEMBERS AND TO PROVIDE GENERAL MEMBERSHIP SUPPORT AND SUPPORT COMMUNITY EVENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jesse Larcom President | OfficerTrustee | 1 | $6,200 |
Kevin Bodin Vice Preside | OfficerTrustee | 1 | $4,400 |
Joe Calaguire Treasurer | OfficerTrustee | 1 | $0 |
Brenden Johnson Secretary | OfficerTrustee | 1 | $0 |
Robert Coughlin Gamb Mgr/tru | Trustee | 10 | $12,800 |
Zack Labar Trustee | Trustee | 1 | $5,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $30,444 |
| All other contributions, gifts, grants, and similar amounts not included above | $200 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $30,644 |
| Total Program Service Revenue | $0 |
| Investment income | $6,988 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $656 |
| Net Income from Gaming Activities | -$19,453 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,017 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $23,000 |
| Compensation of current officers, directors, key employees. | $28,400 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,800 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $3,965 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,100 |
| 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 | $3,253 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $34,516 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $69,206 |
| Savings and temporary cash investments | $0 |
| 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 | $4,191 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $476,084 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $550,481 |
| 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 | $517,944 |
| Other liabilities | $306 |
| Total liabilities | $518,250 |
| Net assets without donor restrictions | $73,091 |
| Net assets with donor restrictions | -$40,860 |
| 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 | $550,481 |