Civic Intelligence

Waterville Volunteer Fireman Relief Assn

990 • Fiscal year 2020 • EIN 41-1322753

Jan 01, 2020 to Dec 31, 2020 • Filed on Apr 22, 2021

200 South 3rd StWaterville, MN 56096

(507) 838-8986

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

35th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

35th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2020

Net Margin

28th percentile

-3.5%

Higher net margin than 28% of similar nonprofits.

2020 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

68th percentile

$0

Higher top officer pay than 68% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2020

Asset Growth

62nd percentile

7.0%

Faster asset growth than 62% of similar nonprofits.

2020 filings • 501(c)4 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

43rd percentile

-4.6%

Faster revenue growth than 43% of similar nonprofits.

2020 filings • 501(c)4 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Assets

Up

$568,054

Up $36,977 (+7.0%) from 2019

Net Assets

Up

$568,054

Up $36,977 (+7.0%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue

Down

$59,909

Down $2,864 (-4.6%) from 2019

Expenses

Up

$61,985

Up $43,095 (+228%) from 2019

Net Income

Down

-$2,076

Down $45,959 (-105%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$800K$600K$400K$200K$0Assets 2011: $347,712Liabilities 2011: $492Net Assets 2011: $347,2202011Assets 2012: $390,811Liabilities 2012: $0Net Assets 2012: $390,8112012Assets 2013: $460,123Liabilities 2013: $0Net Assets 2013: $460,1232013Assets 2014: $516,649Liabilities 2014: $0Net Assets 2014: $516,6492014Assets 2015: $479,257Liabilities 2015: $0Net Assets 2015: $479,2572015Assets 2016: $543,508Liabilities 2016: $0Net Assets 2016: $543,5082016Assets 2017: $560,446Liabilities 2017: $3,750Net Assets 2017: $556,6962017Assets 2018: $441,024Liabilities 2018: $0Net Assets 2018: $441,0242018Assets 2019: $531,077Liabilities 2019: $0Net Assets 2019: $531,0772019Assets 2020: $568,054Liabilities 2020: $0Net Assets 2020: $568,0542020Assets 2021: $652,652Liabilities 2021: $0Net Assets 2021: $652,6522021Assets 2022: $577,212Liabilities 2022: $0Net Assets 2022: $577,2122022Assets 2023: $24,883Liabilities 2023: $3,000Net Assets 2023: $21,8832023Assets 2024: $26,227Liabilities 2024: $0Net Assets 2024: $26,2272024

Highlighted filing

2020

Assets$568,054
Liabilities$0
Net Assets$568,054

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500K-$1.0MRevenue 2011: $34,642Expenses 2011: $17,996Net Income 2011: $16,6462011Revenue 2012: $32,507Expenses 2012: $9,712Net Income 2012: $22,7952012Revenue 2013: $45,769Expenses 2013: $9,347Net Income 2013: $36,4222013Revenue 2014: $48,464Expenses 2014: $10,161Net Income 2014: $38,3032014Revenue 2015: $47,706Expenses 2015: $64,846Net Income 2015: -$17,1402015Revenue 2016: $52,738Expenses 2016: $9,330Net Income 2016: $43,4082016Revenue 2017: $72,975Expenses 2017: $95,550Net Income 2017: -$22,5752017Revenue 2018: $64,815Expenses 2018: $145,262Net Income 2018: -$80,4472018Revenue 2019: $62,773Expenses 2019: $18,890Net Income 2019: $43,8832019Revenue 2020: $59,909Expenses 2020: $61,985Net Income 2020: -$2,0762020Revenue 2021: $83,055Expenses 2021: $41,477Net Income 2021: $41,5782021Revenue 2022: $92,606Expenses 2022: $44,154Net Income 2022: $48,4522022Revenue 2023: $90,153Expenses 2023: $666,359Net Income 2023: -$576,2062023Revenue 2024: $16,865Expenses 2024: $12,521Net Income 2024: $4,3442024

Highlighted filing

2020

Revenue$59,909
Expenses$61,985
Net Income-$2,076
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Apr 22, 2021
Return Version
2020v4.1
Gross Receipts
$80,656
Mission and Program Overview

Mission

To provide retirement benefits

To provide retirement benefits to volunteer firefighters

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$506,860$543,873▲ $37,013
Cash and Non-Interest-Bearing Accounts$23,242$18,772▼ $4,470
Pledges and Grants Receivable-$4,434-
Prepaid Expenses and Deferred Charges$975$975→ $0
Total Assets$531,077$568,054▲ $36,977
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions$507,835$549,282▲ $41,447
Net Assets Without Donor Restrictions$23,242$18,772▼ $4,470
Total Net Assets Fund Balance$531,077$568,054▲ $36,977
Total Liabilities and Net Assets / Fund Balance$531,077$568,054▲ $36,977
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jeremy SchwartzPresident
Justin WenkerVice President
Darin HanksTrustee
Matt DuhmeTrustee
Andrew AkemannSecretary
Dennis AndroliTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$32,180
Program Service Revenue
$0
Investment Income
$27,729
Other Revenue
$0
All Other Contributions
$190
Change in Net Assets
$-2,076

Audited Revenue Reconciliation

Revenue per Audited Statements
$59,909
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$39,053
Total Revenue per Audited Statements
$98,962
Total Revenue per Form 990
$59,909
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$6,630
Grants and Similar Amounts Paid$2,230
Salaries, Compensation, and Employee Benefits$975
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members$52,150--$52,150
Fees for Services Accounting-$4,200-$4,200
Grants to Domestic Individuals$2,230--$2,230
Conferences and Meetings$1,034--$1,034
Other Salaries and Wages-$975-$975
Office Expenses$260--$260
Other Expenses$256--$256
Total Functional Expenses$56,810$5,175$0$61,985

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$61,985
Total Expenses per Audited Statements$61,985
Total Expenses per Form 990$61,985
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 6

The Organization is comprised of members of the volunteer fire department

Form 990, Part VI, Section A, line 7A

The members elect the members of the governing body

Form 990, Part VI, Section A, line 7B

Decisions affecting investments, bylaws, etc are approved by the members.

Form 990, Part VI, Section B, line 11B

Form 990 is provided to the Organizations Board of Directors for review. After review it is made available to the members for their review.

Form 990, Part VI, Section B, line 12C

The conflict of interest policy is reviewed annually by the Organizations board members for any necessary changes.

Form 990, Part VI, Section C, line 19

The Organization makes its governing documents and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Waterville Firefighters Relief
EIN
41-1322753
Phone
5078388986
Address
200 South 3rd St, Waterville, MN 56096

Signing Officer

Name
Jeremy Schwartz
Title
President
Phone
5078388986
Signed
2021-04-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jeremy Schwartz
Formed
1967
Legal Domicile
Mn
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
20

Preparer

Firm
Abdo Eick & Meyers
Address
5201 Eden Avenue Suite 250, Edina, MN 55436
Preparer
Steven D Anseth CPA
Phone
9528359090
Supplemental Narrative

Additional Explanations

Form 990, XLL, Line 2C

This process has not changed from the prior year.

Financial Statement Notes

Part X, Line 2:

Income taxes The Organization is a nonprofit organization described in Section 501(c) 4 of the Internal Revenue Code and is exempt from Federal and State income taxes. The Organization has analyzed filing positions with the Internal Revenue Service and the State of Minnesota. The Organization is subject to routine audits by these jurisdictions; however, the Organization is currently not under any audits for any tax periods. The Organization does not anticipate that any of its income tax filing positions would result in a material adverse effect on the Organization's financial condition, results of operations or cash flow. No liability has been recorded for uncertain tax positions. As allowed under accounting principles generally accepted in the United States of America, the Organization would accrue, if applicable, income tax related interest and penalties in income tax expense in the Organization's statement of revenues, expenditures and changes in fund balances. During the year ended December 31, 2020, the Organization did not recognize any interest or penalties. With few exceptions, the Organization is no longer subject to tax examinations by tax authorities for years before 2017.

Raw XML Appendix344 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0200 S 3rd St
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IRS990/Form990PartVIISectionAGrp/PersonNm3Dennis Androli
IRS990/Form990PartVIISectionAGrp/PersonNm4Matt Duhme
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IRS990/Form990PartVIISectionAGrp/TitleTxt0President
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt2Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt3Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt4Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt5Trustee
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Income taxes The Organization is a nonprofit organization described in Section 501(c) 4 of the Internal Revenue Code and is exempt from Federal and State income taxes. The Organization has analyzed filing positions with the Internal Revenue Service and the State of Minnesota. The Organization is subject to routine audits by these jurisdictions; however, the Organization is currently not under any audits for any tax periods. The Organization does not anticipate that any of its income tax filing positions would result in a material adverse effect on the Organization's financial condition, results of operations or cash flow. No liability has been recorded for uncertain tax positions. As allowed under accounting principles generally accepted in the United States of America, the Organization would accrue, if applicable, income tax related interest and penalties in income tax expense in the Organization's statement of revenues, expenditures and changes in fund balances. During the year ended December 31, 2020, the Organization did not recognize any interest or penalties. With few exceptions, the Organization is no longer subject to tax examinations by tax authorities for years before 2017.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Organization is comprised of members of the volunteer fire department
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The members elect the members of the governing body
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Decisions affecting investments, bylaws, etc are approved by the members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Form 990 is provided to the Organizations Board of Directors for review. After review it is made available to the members for their review.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The conflict of interest policy is reviewed annually by the Organizations board members for any necessary changes.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The Organization makes its governing documents and financial statements available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6This process has not changed from the prior year.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, XLL, Line 2c
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IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0531077
IRS990/TotalAssetsEOYAmt0568054
IRS990/TotalAssetsGrp/BOYAmt0531077
IRS990/TotalAssetsGrp/EOYAmt0568054
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt032180
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt05175
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt056810
IRS990/TotalFunctionalExpensesGrp/TotalAmt061985
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0531077
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0568054
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt056810
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt027729
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt059909
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt020
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0531077
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0568054
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0200 South 3rd St
IRS990/USAddress/CityNm0Waterville
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd056096
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Jeremy Schwartz
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum05078388986
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-04-22
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Waterville Firefighters Relief
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0Association
ReturnHeader/Filer/BusinessNameControlTxt0WATE
ReturnHeader/Filer/EIN0411322753
ReturnHeader/Filer/PhoneNum05078388986
ReturnHeader/Filer/USAddress/AddressLine1Txt0200 South 3rd St
ReturnHeader/Filer/USAddress/CityNm0Waterville
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd056096
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0411397419
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Abdo Eick & Meyers
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05201 Eden Avenue Suite 250
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Edina
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd055436
ReturnHeader/PreparerPersonGrp/PhoneNum09528359090
ReturnHeader/PreparerPersonGrp/PreparationDt02021-04-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Steven D Anseth CPA
ReturnHeader/ReturnTs02021-05-07T11:45:23-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Jeremy
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Schwartz
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.26$0.00$0.26$0.17$0.13$0.04
2023Detailed filing. Detailed filing data is available for this year.$0.25$0.03$0.22$0.90$6.66$5.76
2022Detailed filing. Detailed filing data is available for this year.$5.77$0.00$5.77$0.93$0.44$0.48
2021Detailed filing. Detailed filing data is available for this year.$6.53$0.00$6.53$0.83$0.41$0.42
2020Detailed filing. Detailed filing data is available for this year.$5.68$0.00$5.68$0.60$0.62$0.02
2019Detailed filing. Detailed filing data is available for this year.$5.31$0.00$5.31$0.63$0.19$0.44
2018Detailed filing. Detailed filing data is available for this year.$4.41$0.00$4.41$0.65$1.45$0.80
2017Detailed filing. Detailed filing data is available for this year.$5.60$0.04$5.57$0.73$0.96$0.23
2016Detailed filing. Detailed filing data is available for this year.$5.44$0.00$5.44$0.53$0.09$0.43
2015Detailed filing. Detailed filing data is available for this year.$4.79$0.00$4.79$0.48$0.65$0.17
2014Detailed filing. Detailed filing data is available for this year.$5.17$0.00$5.17$0.48$0.10$0.38
2013Detailed filing. Detailed filing data is available for this year.$4.60$0.00$4.60$0.46$0.09$0.36
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.91$0.00$3.91$0.33$0.10$0.23
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.48$0.00$3.47$0.35$0.18$0.17