Deerwood Firemens Relief Association
- Assets
- $825.0k
- Revenue
- $149.4k
- Investments
- $0.0
- Employees
- 13
- Location
- Deerwood, MN
- Founding
- 11/1990
- Data as of
- 12/2023
- EIN
- 41-6036648
Organization Overview
Deerwood Firemens Relief Association is located in Deerwood, MN. The organization was established in 1990. 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 12/2023, Deerwood Firemens Relief Association employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Deerwood 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, Deerwood Firemens Relief Association generated $149.4k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $24.9k during the year ending 12/2023. While expenses have increased by 15.5% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
RECEIVE AND MANAGE PUBLIC FUNDS TO PROVIDE RETIREMENT AND ANCILLARY BENEFITS FOR INDIVIDUALS PROVIDING THE GOVERNMENTAL SERVICES OF FIREFIGHTING AND EMERGENCY RESPONSE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RECEIVE AND MANAGE INVESTMENTS TO PROVIDE RETIREMENT AND ANCILLARY BENEFITS FOR INDIVIDUALS PROVIDING THE GOVERNMENTAL SERVICES OF FIREFIGHTING AND EMERGENCY RESPONSE. FUNDS ARE INVESTED AND MANAGED TO PROVIDE FUTURE BENEFITS FOR MEMBERS CURRENTLY NUMBERING 24. THERE WERE NO RETIREMENT BENEFITS PAID OUT IN 2023.
FOSTER MEMBER EDUCATION AND ACTIVITIES WITH MEETINGS, TRAINING, SUPPLIES AND MISCELLANEOUS EXPENSES FOR FIREFIGHTERS IN SERVICE TO THE DEERWOOD FIRE DEPT.
RAISED FUNDS IN SUPPORT OF LOCAL GOVERNMENT ENTITIES, CHARITIES, AND LOCAL COMMUNITY ACTIVITIES BY SELLING PULLTABS UNDER STATE OF MINNESOTA LICENSE AT LICENSES SITES. RESULTS FROM THIS OPERATION ARE REPORTED ON PART VIII, LINE 9 AND PART IX, LINES 1-10. (DOUBLE REPORTING IS REVERSED BY PART IX, LINE 24 ENTRIES.)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Boeckermann President | OfficerTrustee | 3 | $20,120 |
Steve Perpich Trustee | Trustee | 1 | $11,660 |
Ted Abear Treasurer | OfficerTrustee | 2 | $0 |
Matthew Edmundson Secretary | OfficerTrustee | 3 | $0 |
Andrew Holmes Vice Preside | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $62,694 |
| All other contributions, gifts, grants, and similar amounts not included above | $34,385 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $97,079 |
| Total Program Service Revenue | $0 |
| Investment income | $13,863 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $8,556 |
| Net Income from Gaming Activities | $29,906 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $149,404 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $100 |
| Grants and other assistance to domestic individuals. | $85 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $31,780 |
| 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 | $3,516 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,189 |
| 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 | $18,010 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $24,948 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $79,108 |
| Savings and temporary cash investments | $187,749 |
| 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 | $13,435 |
| Prepaid expenses and deferred charges | $599 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $544,135 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $825,026 |
| Accounts payable and accrued expenses | $3,780 |
| 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 | $432,245 |
| Other liabilities | $16,731 |
| Total liabilities | $452,756 |
| Net assets without donor restrictions | $155,617 |
| Net assets with donor restrictions | $216,653 |
| 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 | $825,026 |
Grants Awarded
Over the last fiscal year, Deerwood Firemens Relief Association has awarded $30,120 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF DEERWOOD PURPOSE: FIRE DEPT. SUPPORT | $24,820 |
HALLETT COMMUNITY CENTER | | | $5,300 |