Fairmont Fire Department Relief Association
- Assets
- $2.3m
- Revenue
- $289.2k
- Investments
- $0.0
- Employees
- 9
- Location
- Fairmont, MN
- Founding
- 02/1998
- Data as of
- 12/2021
- EIN
- 41-6080037
Organization Overview
Fairmont Fire Department Relief Association is located in Fairmont, MN. The organization was established in 1998. 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 12/2021, Fairmont Fire Department Relief Association employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fairmont 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 12/2021, Fairmont Fire Department Relief Association generated $289.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $229.7k during the year ending 12/2021. While expenses have increased by 12.3% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE RETIREMENT BENEFITS AND FUNDRAISING FOR THE CITY'S FIRE DEPARTMENT.
Describe the Organization's Program Activity:
THE ASSOCIATION IS THE ADMINISTRATOR OF A DEFINED BENEFIT PENSION PLAN AVAILABLE TO ACTIVE AND RETIRED FAIRMONT FIREFIGHTERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Miller Secretary | OfficerTrustee | 2 | $4,343 |
Roger Carlson Treasurer | OfficerTrustee | 4 | $4,000 |
Matt Streit Trustee | Trustee | 1 | $2,391 |
Bryan Kastning President | OfficerTrustee | 1 | $660 |
James Freeman Vice President | OfficerTrustee | 1 | $550 |
Tom Hilpipre Trustee | Trustee | 1 | $550 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $21,325 |
| Fundraising events | $17,000 |
| Related organizations | $0 |
| Government grants | $97,861 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,430 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $137,616 |
| Total Program Service Revenue | $0 |
| Investment income | $3,409 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$4 |
| Net Income from Fundraising Events | $555 |
| Net Income from Gaming Activities | $147,648 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $289,224 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $162,335 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $37,890 |
| Compensation of current officers, directors, key employees. | $6,860 |
| Compensation of current officers, directors, key employees. | $6,860 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,730 |
| 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 | $11,373 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $99 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $614 |
| 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 | $5,311 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $229,701 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $175,110 |
| Savings and temporary cash investments | $39,515 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,132,265 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,346,890 |
| Accounts payable and accrued expenses | $182 |
| Grants payable | $0 |
| Deferred revenue | $800 |
| 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 | $982 |
| Net assets without donor restrictions | $187,508 |
| Net assets with donor restrictions | $2,158,400 |
| 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 | $2,346,890 |
Grants Awarded
Over the last fiscal year, Fairmont Fire Department Relief Association has awarded $159,931 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Fairmont, MN PURPOSE: Support to the city | $139,931 |
Fairmont, MN PURPOSE: Donation towards fireworks | $20,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Fairmont Fire Department Relief Association has recieved totaling $139,931.
| Awarding Organization | Amount |
|---|---|
Fairmont Fire Department Relief Association Fairmont, MN PURPOSE: Support to the city | $139,931 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bloomington Fire Dept Relief Assoc Bloomington, MN | $232,958,122 | $17,691,264 |
Spring Lake Park Fire Dept Inc Spring Lake Park, MN | $1,043,343 | $3,348,790 |
Maple Grove Firemens Relief Association Maple Grove, MN | $20,091,151 | $3,472,743 |
Lake Johanna Volunteer Fire Department Shoreview, MN | $5,386,544 | $3,059,264 |
Sun Prairie Fire & Rescue Company Sun Prairie, WI | $322,315 | $2,382,259 |
Eden Prairie Fire Fighters Relief Association Eden Prairie, MN | $26,356,144 | $1,042,441 |
Elk River Fire & Ambulance Service Elk River, MN | $1,085,031 | $2,381,867 |
Dover Firemans Relief Association Dover, MN | $766,350 | $1,633,588 |
Mckenzie County Ambulance Service Watford City, ND | $4,725,113 | $1,535,302 |
Eagan Volunteer Firemans Relief Association Eagan, MN | $11,232,705 | $384,512 |
Tess Corners Volunteer Fire Dept Muskego, WI | $2,146,961 | $1,520,539 |
Andover Firefighters Relief Association Andover, MN | $4,006,740 | $315,386 |