Royalton Firemens Relief Assn
- Assets
- $514.3k
- Revenue
- $193.4k
- Investments
- $0.0
- Employees
- 9
- Location
- Royalton, MN
- Founding
- 05/1945
- Data as of
- 12/2022
- EIN
- 41-6039060
Organization Overview
Royalton Firemens Relief Assn is located in Royalton, MN. The organization was established in 1945. According to its NTEE Classification (Y40) the organization is classified as: Fraternal Societies, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2022, Royalton Firemens Relief Assn employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Royalton Firemens Relief Assn 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 12/2022, Royalton Firemens Relief Assn generated $193.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $142.3k during the year ending 12/2022. While expenses have increased by 5.2% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE PENSION BENEFITS TO VOLUNTEER FIREFIGHTERS FROM THE CITY OF ROYALTON, MN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED PENSION BENEFITS TO VOLUNTEER FIREFIGHTERS. THE ASSOCIATION SERVES 29 MEMBERS.
SUPPORTED LOCAL SCHOOLS AND CHARITABLE ORGANIZATIONS THROUGH DONATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nathan Bellefeuille Gambling Manager | Trustee | 10 | $28,000 |
Shawn Richter Secretary | OfficerTrustee | 3 | $6,858 |
Bill Tiemann President | OfficerTrustee | 2 | $4,200 |
Tom Quinlan Vice President | OfficerTrustee | 2 | $2,855 |
Travis Blais Treasurer | OfficerTrustee | 2 | $0 |
Tom Kalis Trustee | Trustee | 0.5 | $480 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $160 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $22,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,116 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $23,276 |
| Total Program Service Revenue | $0 |
| Investment income | $15,025 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,074 |
| Net Income from Fundraising Events | $1,877 |
| Net Income from Gaming Activities | $150,167 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $193,419 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $39,500 |
| Grants and other assistance to domestic individuals. | $8,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $25,340 |
| Compensation of current officers, directors, key employees. | $48,343 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,831 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,075 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,855 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,031 |
| 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 | $190 |
| All other expenses | $100 |
| Total functional expenses | $142,265 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $122,772 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $899 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $390,632 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $514,303 |
| Accounts payable and accrued expenses | $1,416 |
| 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 | $1,416 |
| 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 | $512,887 |
| Total liabilities and net assets/fund balances | $514,303 |
Grants Awarded
Over the last fiscal year, Royalton Firemens Relief Assn has awarded $150,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF ROYALTON PURPOSE: FOR FIRE EQUIPMENT FOR THE FIRE DEPARTMENT. | $144,000 |
ROYALTON HIGH SCHOOL PURPOSE: GRAD BASH AND WRESTLING CLUB GEAR | $6,000 |