Public Safety Association Inc
- Assets
- $2.2m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 0
- Location
- St Cloud, MN
- Founding
- 06/2018
- Data as of
- 12/2023
- EIN
- 82-1653718
Organization Overview
Public Safety Association Inc is located in St Cloud, MN. The organization was established in 2018. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Public Safety Association Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Public Safety Association Inc generated $2.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $2.1m during the year ending 12/2023. 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
TO PROVIDE A MECHANISM TO ACHIEVE COST REDUCTIONS FOR MEMBERS AND SHARING THESE BEST PRACTICES WITH OUR MEMBERSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PSAI ASSISTS MEMBERS IN FINDING PRODUCTS AND SERVICES THAT AREDISCOUNTED BASED ON THEIR PARTICULAR NEED. IF THESE GOODS NEED TO BEPUBLICLY BID, WE ASSIST IN FINDING A BID PROGRAM THAT FITS THEREQUIREMENT.PSAI HAS PUT TOGETHER OFFERINGS FOR OUR MEMBERSHIP TO ACCESS THROUGHCONTRACT SHARING. THE PROGRAM NOW BRINGS DISCOUNT OPPORTUNITIES ON AVARIETY OF PRODUCTS AND SERVICES TO OVER 16,500 MEMBERS ACROSS THE U.S.AND SEVERAL PROVINCES. WE PROCESSED SEVERAL NEW PUBLIC BIDS DURING THE YEAR. WE HAVE USED CONTRACTORS AND VOLUNTEERS TO COMPLETE THIS WORK TO EDUCATE MEMBERS. NEW WEBSITE IS COMPLETED. COVID SOURCING AND CONTRACTS WERE AGAIN VERY IMPORTANT TO THE MEMBERSHIP.
BEST PRACTICE FORUMS:PSAI HELPS EDUCATE OUR MEMBERSHIP BY TRAVELING TO INDUSTRY TRADE EVENTSAND SPEAKING ABOUT BEST PRACTICES AND WAYS TO MAKE YOUR BUDGET DOLLARSGO FURTHER. PSAI ALSO USES WEBINARS TO HELP OUR MEMBERS LEARN FROM THECONVENIENCE OF THEIR HOME OR BUSINESS. WE EITHER HOSTED OR SPONSORED AROUND 15 MEETINGS THIS YEAR TO HELP EDUCATE ABOUT ISSUES OR PROGRAM SOLUTIONS AND SPEAK TO THE VALUE WE ARE BRINGING MEMBERS. MOST OF THIS WORK WAS DONE WITH VOLUNTEERS ALONG WITH SOME CONTRACTING HELP.
GRANT SEARCHES AND GRANT WRITING:AGENCIES ACROSS THE NATION ARE STRUGGLING TO MEET THE NEEDS OF THEIR COMMUNITIES. BUDGET MONEY IS BECOMING HARDER AND HARDER TO GET. PSAI ASSISTS MEMBERS IN FINDING GRANTS AND INDEPENDENT GRANT WRITERS TO HELP OUR MEMBERS WITH THE PROJECTS THEY ARE PASSIONATE ABOUT. PSAI NOW HAS GRANT WRITING SERVICE FOR OUR MEMBERSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dane Meyer President | OfficerTrustee | 2.5 | $0 |
Mickey Schulte Vice President | OfficerTrustee | 2.5 | $0 |
Eric Van Dusen Treasurer | OfficerTrustee | 2.5 | $0 |
Bill Gardner Board Member | Trustee | 0.5 | $0 |
Financial Statements
| 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 | $2,262,631 |
| Investment income | $32,591 |
| 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 | $2,295,222 |
| 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 | $0 |
| 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 | $1,892,308 |
| 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 | $8,404 |
| Fees for services: Other | $0 |
| Advertising and promotion | $47,297 |
| Office expenses | $1,145 |
| Information technology | $31,149 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,217 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $117,007 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,500 |
| All other expenses | $1,173 |
| Total functional expenses | $2,103,200 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $578,759 |
| Savings and temporary cash investments | $126,910 |
| 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 | $1,450,157 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,155,826 |
| 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 | $2,155,826 |
| 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 | $2,155,826 |