Civic Intelligence

Waseca Fire Department Relief

990 • Fiscal year 2019 • EIN 41-6024138

Jan 01, 2019 to Dec 31, 2019 • Filed on Feb 05, 2021

303 S 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.

2019 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

23rd percentile

0.00x

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

2019 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2019

Net Margin

98th percentile

87%

Higher net margin than 98% of similar nonprofits.

2019 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

62nd percentile

$1,200

Higher top officer pay than 62% of similar nonprofits.

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

2019 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2019

Asset Growth

84th percentile

22%

Faster asset growth than 84% of similar nonprofits.

2019 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

7th percentile

-42%

Faster revenue growth than 7% of similar nonprofits.

2019 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Up

$1,881,762

Up $345,513 (+22%) from 2018

Net Assets

Up

$1,881,762

Up $345,513 (+22%) from 2018

Liabilities

Flat

$0

Flat from 2018

Revenue

Down

$172,711

Down $126,801 (-42%) from 2018

Expenses

Down

$22,565

Down $132,250 (-85%) from 2018

Net Income

Up

$150,146

Up $5,449 (+3.8%) from 2018

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

2019

Assets$1,881,762
Liabilities$0
Net Assets$1,881,762

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

2019

Revenue$172,711
Expenses$22,565
Net Income$150,146
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Feb 5, 2021
Return Version
2019v5.2
Gross Receipts
$192,311
Mission and Program Overview

Mission

SEE PART I, LINE 1

To provide retirement benefits to volunteer firefighters

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,483,021$1,827,812▲ $344,791
Savings and Temporary Cash Investments$48,328$33,950▼ $14,378
Investments Other Securities-$20,000-
Pledges and Grants Receivable$4,900--
Total Assets$1,536,249$1,881,762▲ $345,513
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,487,921$1,827,812▲ $339,891
Net Assets Without Donor Restrictions$48,328$53,950▲ $5,622
Total Net Assets Fund Balance$1,536,249$1,881,762▲ $345,513
Total Liabilities and Net Assets / Fund Balance$1,536,249$1,881,762▲ $345,513
Compensation and Service Providers

Employees

NameTitleBaseTotal
Joseph FlifletTreasurer$1,200$1,200
Brenda SandborgSecretary$1,000$1,000
Kyle PetersonTrustee$325$325
Brian VossPresident$300$300
Jon KahnkeTrustee$300$300
Craig YoungbergVice President$275$275
Revenue and Support

Revenue Composition

Contributions and Grants
$94,053
Program Service Revenue
$0
Investment Income
$77,521
Other Revenue
$1,137
All Other Contributions
$7,191
Change in Net Assets
$150,146

Audited Revenue Reconciliation

Revenue per Audited Statements
$172,711
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$209,270
Total Revenue per Audited Statements
$381,981
Total Revenue per Form 990
$172,711
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$14,566
Salaries, Compensation, and Employee Benefits$7,899
Grants and Similar Amounts Paid$100
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Accounting-$4,850-$4,850
Other Employee Benefits-$4,499-$4,499
Current Officers, Directors, Trustees, and Key Employees-$3,400-$3,400
Fees for Services Other-$3,060-$3,060
Conferences and Meetings$2,551--$2,551
Other Expenses$542--$542
Office Expenses$479--$479
Grants to Domestic Individuals$100--$100
Total Functional Expenses$6,756$15,809$0$22,565

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$36,468
Expenses per Audited Statements$22,565
Total Expenses per Form 990$22,565
Expenses Not Reported on Form 990$13,903
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 Gross Income$15,040
Fundraising Direct Expenses$13,903
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Onion Ring Fundraiser$12,606$7,606$6,897$709
Fish fry and dance$14,981$5,481$5,154$327
Total Events$30,040$15,040$13,903$1,137
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 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 S State St, Waseca, MN 56093

Signing Officer

Name
Brian Voss
Title
President
Phone
5078353210
Signed
2021-02-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brian Voss
Formed
1897
Legal Domicile
Mn
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
30

Preparer

Firm
952-835-9090
Address
Abdo Eick Meyers LLP, Edina, MN 55436
Preparer
Steven D Anseth CPA
Phone
9528359090
Supplemental Narrative

Additional Explanations

Form 990, Part IX, line 11G

Other Professional Fees: Program service expenses 0. Management and general expenses 3,060. Fundraising expenses 0. Total expenses 3,060.

Form 990, Part XII, Line 2C:

The process has not changed from the prior year.

Financial Statement Notes

Part X, Line 2:

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, 2019, 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 2016.

Part XI, Line 2D - Other Adjustments:

Direct expense netted from fundraising 13,903.

Part XII, Line 2D - Other Adjustments:

Direct expense netted from fundraising 13,903.

Raw XML Appendix377 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/SupplementalInformationDetail/ExplanationTxt0The 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, 2019, 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 2016.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Direct expense netted from fundraising 13,903.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Direct expense netted from fundraising 13,903.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XI, Line 2d - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XII, Line 2d - Other Adjustments:
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IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt036468
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt015000
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt09500
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt05000
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriOtherEventsAmt0500
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt013903
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Fish fry and dance
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0Onion Ring Fundraiser
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt014981
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt012606
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt02453
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt030040
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt05481
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt07606
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt01953
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt015040
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt01137
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt01852
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt013903
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt05154
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt06897
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/ExplanationTxt7Other Professional Fees: Program service expenses 0. Management and general expenses 3,060. Fundraising expenses 0. Total expenses 3,060.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8The process has not changed from the prior year.
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 IX, line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part XII, Line 2c:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01536249
IRS990/TotalAssetsEOYAmt01881762
IRS990/TotalAssetsGrp/BOYAmt01536249
IRS990/TotalAssetsGrp/EOYAmt01881762
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt094053
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt015809
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt06756
IRS990/TotalFunctionalExpensesGrp/TotalAmt022565
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01536249
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01881762
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt06756
IRS990/TotalReportableCompFromOrgAmt03400
IRS990/TotalRevenueGrp/ExclusionAmt078658
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0172711
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt030
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01536249
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01881762
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0303 S State St
IRS990/USAddress/CityNm0Waseca
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd056093
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Brian Voss
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum05078353210
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-02-05
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Waseca Firefighter's Relief Association
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0Relief Association
ReturnHeader/Filer/BusinessNameControlTxt0WASE
ReturnHeader/Filer/EIN0416024138
ReturnHeader/Filer/PhoneNum05078353210
ReturnHeader/Filer/USAddress/AddressLine1Txt0303 S State St
ReturnHeader/Filer/USAddress/CityNm0Waseca
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd056093
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0411397419
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0952-835-9090
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0Abdo Eick Meyers LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Edina
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd055436
ReturnHeader/PreparerPersonGrp/PhoneNum09528359090
ReturnHeader/PreparerPersonGrp/PreparationDt02021-02-01
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Steven D Anseth CPA
ReturnHeader/ReturnTs02021-02-18T15:55:10-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

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