Fargo Firefighters Pension Assoc is located in Fargo, ND. The organization was established in 1965. According to its NTEE Classification (M19) the organization is classified as: Support N.E.C., 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. Fargo Firefighters Pension Assoc 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 06/2022, Fargo Firefighters Pension Assoc generated $7.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.7% each year . All expenses for the organization totaled $3.2m during the year ending 06/2022. While expenses have increased by 3.2% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
DEFINED BENEFIT PENSION PLAN FOR MEMBERS OF FARGO FIREFIGHTER'S PENSION ASSOCIATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FARGO FIREFIGHTERS PENSION ASSOCIATION PROVIDES RETIREMENT BENEFITS TO 54 SERVICE MEMBERS AND 24 FAMILIES OF DECEASED FIREFIGHTERS. ALONG WITH THIS, WE PROVIDE DISABILITY BENEFITS TO 8 MEMBERS AND PROVIDE SEPARATION REFUNDS TO MEMBERS VESTED IN THEIR OWN CONTRIBUTIONS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Brett Petsinger Secretary/treasurer | OfficerTrustee | 1 | $0 |
Ryan Viergutz President | OfficerTrustee | 1 | $0 |
Chris Pieper Vice President | OfficerTrustee | 1 | $0 |
Jason Underdahl Trustee | Trustee | 1 | $0 |
Justin Martin Trustee | Trustee | 1 | $0 |
Jamie Garvey Trustee | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
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 | $0 |
Total Program Service Revenue | $4,525,158 |
Investment income | $2,560,640 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $7,085,798 |
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 | $2,948,160 |
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 | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $15,700 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $22,901 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $192,806 |
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 | $9,085 |
All other expenses | $388 |
Total functional expenses | $3,191,752 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $137,861 |
Savings and temporary cash investments | $2,912,228 |
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 | $39,652,631 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $42,702,720 |
Accounts payable and accrued expenses | $24,666 |
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 | $24,666 |
Net assets without donor restrictions | $42,678,054 |
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 | $0 |
Total liabilities and net assets/fund balances | $42,702,720 |
Organization Name | Assets | Revenue |
---|---|---|
Fargo Firefighters Pension Assoc Fargo, ND | $42,702,720 | $7,085,798 |
Randall Fire Dept Randall, MN | $543,698 | $120,328 |
Care Resource Connection Otsego, MN | $605 | $0 |
Montana Fire Alliance Inc Helena, MT | $5,179 | $0 |
Trooper David Delaittre Memorial Park Inc Three Forks, MT | $177,086 | $0 |
Big Mountain Firefighters Association Whitefish, MT | $145,433 | $0 |