Civic Intelligence

Waseca Fire Department Relief

990 • Fiscal year 2016 • EIN 41-6024138

Jan 01, 2016 to Dec 31, 2016 • Filed on May 02, 2017

303 South State StWaseca, MN 56093

(507) 835-3210

Siviq Scores

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

Liabilities / Assets

23rd percentile

0.00x

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

2016 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

23rd percentile

0.00x

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

2016 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2016

Net Margin

71st percentile

20%

Higher net margin than 71% of similar nonprofits.

2016 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

61st percentile

$1,200

Higher top officer pay than 61% of similar nonprofits.

Top officer pay equals 0.7% of source-year revenue.

2016 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2016

Asset Growth

62nd percentile

4.7%

Faster asset growth than 62% of similar nonprofits.

2016 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

21st percentile

-10%

Faster revenue growth than 21% of similar nonprofits.

2016 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Up

$1,590,809

Up $71,004 (+4.7%) from 2015

Net Assets

Up

$1,590,809

Up $71,004 (+4.7%) from 2015

Liabilities

Flat

$0

Flat from 2015

Revenue

Down

$174,422

Down $19,727 (-10%) from 2015

Expenses

Up

$140,288

Up $45,753 (+48%) from 2015

Net Income

Down

$34,134

Down $65,480 (-66%) from 2015

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2013: $1,312,574Liabilities 2013: $0Net Assets 2013: $1,312,5742013Assets 2014: $1,484,316Liabilities 2014: $0Net Assets 2014: $1,484,3162014Assets 2015: $1,519,805Liabilities 2015: $0Net Assets 2015: $1,519,8052015Assets 2016: $1,590,809Liabilities 2016: $0Net Assets 2016: $1,590,8092016Assets 2017: $1,652,555Liabilities 2017: $0Net Assets 2017: $1,652,5552017Assets 2018: $1,536,249Liabilities 2018: $0Net Assets 2018: $1,536,2492018Assets 2019: $1,881,762Liabilities 2019: $0Net Assets 2019: $1,881,7622019Assets 2020: $2,177,633Liabilities 2020: $0Net Assets 2020: $2,177,6332020Assets 2021: $2,600,951Liabilities 2021: $0Net Assets 2021: $2,600,9512021Assets 2022: $2,315,653Liabilities 2022: $0Net Assets 2022: $2,315,6532022Assets 2023: $2,704,140Liabilities 2023: $0Net Assets 2023: $2,704,1402023Assets 2024: $2,976,828Liabilities 2024: $0Net Assets 2024: $2,976,8282024

Highlighted filing

2016

Assets$1,590,809
Liabilities$0
Net Assets$1,590,809

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2013: $187,218Expenses 2013: $317,610Net Income 2013: -$130,3922013Revenue 2014: $189,287Expenses 2014: $44,187Net Income 2014: $145,1002014Revenue 2015: $194,149Expenses 2015: $94,535Net Income 2015: $99,6142015Revenue 2016: $174,422Expenses 2016: $140,288Net Income 2016: $34,1342016Revenue 2017: $174,085Expenses 2017: $235,559Net Income 2017: -$61,4742017Revenue 2018: $299,512Expenses 2018: $154,815Net Income 2018: $144,6972018Revenue 2019: $172,711Expenses 2019: $22,565Net Income 2019: $150,1462019Revenue 2020: $144,420Expenses 2020: $23,728Net Income 2020: $120,6922020Revenue 2021: $259,671Expenses 2021: $21,504Net Income 2021: $238,1672021Revenue 2022: $202,278Expenses 2022: $42,028Net Income 2022: $160,2502022Revenue 2023: $210,626Expenses 2023: $78,580Net Income 2023: $132,0462023Revenue 2024: $476,221Expenses 2024: $247,471Net Income 2024: $228,7502024

Highlighted filing

2016

Revenue$174,422
Expenses$140,288
Net Income$34,134
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
May 2, 2017
Return Version
2016v3.0
Gross Receipts
$196,284
Mission and Program Overview

Mission

SEE PART I, LINE 1

To provide retirement benefits to volunteer firefighters

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$1,487,943$1,553,894▲ $65,951
Savings and Temporary Cash Investments$29,862$35,915▲ $6,053
Pledges and Grants Receivable$2,000$1,000▼ $1,000
Total Assets$1,519,805$1,590,809▲ $71,004
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Temporarily Rstr Net Assets$1,489,943$1,554,894▲ $64,951
Unrestricted Net Assets$29,862$35,915▲ $6,053
Total Net Assets Fund Balance$1,519,805$1,590,809▲ $71,004
Total Liabilities and Net Assets / Fund Balance$1,519,805$1,590,809▲ $71,004

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$18,250--
Compensation and Service Providers

Employees

NameTitleBaseTotal
Joseph FlifletTreasurer$1,200$1,200
Jay DulasSecretary$1,000$1,000
Craig YoungbergVice President$250$250
Jon KahnkeTrustee$250$250
Kyle PetersonTrustee$250$250
Brian VossPresident$225$225

Board Members and Trustees

NameTitle
Gary ConrathEx-Officio Trustee
John ClemonsEx-Officio Trustee
Shelly KollingEx-Officio Trustee
Revenue and Support

Revenue Composition

Contributions and Grants
$99,567
Program Service Revenue
$75,032
Investment Income
$8
Other Revenue
$-185
All Other Contributions
$3,903
Change in Net Assets
$34,134

Audited Revenue Reconciliation

Revenue per Audited Statements
$174,422
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$58,732
Total Revenue per Audited Statements
$233,154
Total Revenue per Form 990
$174,422
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$19,152
Salaries, Compensation, and Employee Benefits$9,136
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members$112,000--$112,000
Other Employee Benefits-$5,961-$5,961
Fees for Services Accounting$5,465$160-$5,625
Current Officers, Directors, Trustees, and Key Employees-$3,175-$3,175
Advertising-$1,947-$1,947
Other Expenses-$889-$889
Conferences and Meetings-$462-$462
Office Expenses-$75-$75
Total Functional Expenses$117,465$22,823$0$140,288

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$162,150
Expenses per Audited Statements$140,288
Total Expenses per Form 990$140,288
Expenses Not Reported on Form 990$21,862
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$21,862
Fundraising Gross Income$21,677
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fish fry and dance$15,128$7,628$7,755$-127
Golf$12,100$4,600$4,933$-333
Total Events$43,846$20,846$20,898$-52
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 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 1

Six board members were compensated as officers and were therefore not independent.

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 Organization's 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 Organization's 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
Waseca Firefighter's Relief Association
EIN
41-6024138
Phone
5078353210
Address
303 South State St, Waseca, MN 56093

Signing Officer

Name
Brian Voss
Title
President
Phone
5078353210
Signed
2017-05-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brian Voss
Formed
1897
Legal Domicile
Mn
Voting Board Members
9
Independent Board Members
3
Employees
0
Volunteers
29

Preparer

Firm
Abdo Eick & Meyers LLP
Address
100 Warren St Ste 600, Mankato, MN 56001
Preparer
Thomas J Olinger CPA
Phone
5076252727
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The board of directors assumes responsibility for oversight of the audit.

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 Organizations 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 Organizations statement of revenues, expenditures and changes in fund balances. During the year ended December 31, 2016, 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 2013.

Part XI, Line 2D - Other Adjustments:

Direct expense netted from fundraising

Part XII, Line 2D - Other Adjustments:

Direct expense netted from fundraising

Part XI and Part XII, 2D

The portion of fundraising netted from revenue

Raw XML AppendixShowing 400 of 405 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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IRS990ScheduleD/RevenueSubtotalAmt0174422
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 Organizations 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 Organizations statement of revenues, expenditures and changes in fund balances. During the year ended December 31, 2016, 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 2013.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Direct expense netted from fundraising
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Direct expense netted from fundraising
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3The portion of fundraising netted from revenue
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XI, Line 2d - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XII, Line 2d - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3PART XI AND PART XII, 2D
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueProgramRltdAmt01553894
IRS990ScheduleD/TotalExpensesPerForm990Amt0140288
IRS990ScheduleD/TotalRevenuePerForm990Amt0174422
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0233154
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0162150
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt023000
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt07500
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt07500
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriOtherEventsAmt08000
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt020898
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Fish fry and dance
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0Golf
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt015128
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt012100
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt016618
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt043846
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt07628
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt04600
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt08618
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt020846
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-52
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt08210
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt020898
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt07755
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt04933
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt01
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Six board members were compensated as officers and were therefore not independent.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Organization is comprised of members of the volunteer fire department.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The members elect the members of the governing body.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Decisions affecting investments, bylaws, etc are approved by the members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Form 990 is provided to the Organization's board of directors for review. After review it is made available to the members for their review.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The conflict of interest policy is reviewed annually by the Organization's board members for any necessary changes.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6The Organization makes its governing documents and financial statements available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7The board of directors assumes responsibility for oversight of the audit.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section A, line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt01489943
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt01554894
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01519805
IRS990/TotalAssetsEOYAmt01590809
IRS990/TotalAssetsGrp/BOYAmt01519805
IRS990/TotalAssetsGrp/EOYAmt01590809
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt099567
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt022823
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0117465
IRS990/TotalFunctionalExpensesGrp/TotalAmt0140288
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01519805
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01590809
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0117465
IRS990/TotalProgramServiceRevenueAmt075032
IRS990/TotalReportableCompFromOrgAmt03175
IRS990/TotalRevenueGrp/ExclusionAmt0-177
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt075032
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0174422
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt029
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01519805
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01590809
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt029862
IRS990/UnrestrictedNetAssetsGrp/EOYAmt035915
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0303 South State St
IRS990/USAddress/CityNm0Waseca
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd056093
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Brian Voss
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum05078353210
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-05-02
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Waseca Firefighter's Relief Association
ReturnHeader/Filer/BusinessNameControlTxt0WASE
ReturnHeader/Filer/EIN0416024138
ReturnHeader/Filer/PhoneNum05078353210
ReturnHeader/Filer/USAddress/AddressLine1Txt0303 South State St
ReturnHeader/Filer/USAddress/CityNm0Waseca
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd056093
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0E5EB50D704253E83FCD4250A95A12F209CF04969
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0F4409300C3E9EC52E7084891A76BBA7CD71286C4
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt064.88.174.3
ReturnHeader/FilingSecurityInformation/IPDt02017-05-02
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm009:32:05
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0411397419
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Abdo Eick & Meyers LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0100 Warren St Ste 600
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Mankato
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd056001
ReturnHeader/PreparerPersonGrp/PhoneNum05076252727
ReturnHeader/PreparerPersonGrp/PreparationDt02017-05-01
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Thomas J Olinger CPA

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