Omaha Firefighters Benefit Association
- Assets
- $8.2m
- Revenue
- $469.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Omaha, NE
- Founding
- 10/1983
- Data as of
- 07/2021
- EIN
- 47-6024639
Organization Overview
Omaha Firefighters Benefit Association is located in Omaha, NE. The organization was established in 1983. According to its NTEE Classification (Y44) the organization is classified as: Voluntary Employees Beneficiary Associations Government), under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Omaha Firefighters Benefit Association is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 07/2021, Omaha Firefighters Benefit Association generated $469.0k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $205.3k during the year ending 07/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FUND IS ESTABLISHED TO PAY DEATH AND DISABILITY BENEFIT FOR MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEATH BENEFITS WERE PAID ON BEHALF OF 8 MEMBERS DURING THE FISCAL YEAR ENDED JULY 31, 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mickey Mclaughlin President | Officer | 0.5 | $0 |
Tad Badje Treasurer | Officer | 0.5 | $0 |
Anthony Koesters Trustee | Officer | 0.5 | $0 |
Rob Gottsch Secretary | Officer | 0.5 | $0 |
Joe Caniglia Trustee | Officer | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $66,828 |
| 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 | $66,828 |
| Total Program Service Revenue | $0 |
| Investment income | $126,277 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $275,876 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $468,981 |
| 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 | $165,400 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $35,669 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $685 |
| 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 | $200 |
| Insurance | $115 |
| All other expenses | $3,250 |
| Total functional expenses | $205,319 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $73,374 |
| 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 | $800 |
| Investments—publicly traded securities | $8,165,553 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,239,727 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| 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 | $8,239,727 |
| Total liabilities and net assets/fund balances | $8,239,727 |
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|---|---|---|
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Ozark Schools Benefits Association Bolivar, MO | $17,073,691 | $62,893,620 |
Colorado Boards Of Education Self-Funded Trust Inc Denver, CO | $16,879,557 | $41,855,725 |
Greater Kansas City Laborers Welfare Fund Overland Park, KS | $30,048,906 | $16,053,457 |
Uniformed Services Benefit Association Overland Park, KS | $8,416,028 | $5,960,710 |
Intermountain Power Service Corporation Salaried Veba Trust Des Moines, IA | $16,516,041 | $3,238,158 |
Unite Here Local 74 Welfare And Dental Trust St Louis, MO | $1,189,509 | $1,470,294 |
Davenport Community School District Veba Trust Davenport, IA | $2,580,246 | $1,151,633 |
Aurora Fire Fighters Retiree Health Fund Englewood, CO | $10,479,340 | $1,132,025 |
Firemens Relief Association Fire District 2 Johnson County Overland Park, KS | $2,125,773 | $893,550 |
City Of Papillion Veba Health Savings Trust Papillion, NE | $4,425,154 | -$88,872 |
Omaha Firefighters Benefit Association Omaha, NE | $8,239,727 | $468,981 |