Civic Intelligence

Park Rapids Firemens Relief Association

990 • Fiscal year 2018 • EIN 41-6032720

Jan 01, 2018 to Dec 31, 2018 • Filed on Jun 18, 2019

PO Box 63Park Rapids, MN 56470

(218) 252-0278

Siviq Scores

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

Liabilities / Assets

14th percentile

0.00x

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

14th percentile

0.00x

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

74th percentile

16%

Higher net margin than 74% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

22nd percentile

-5.5%

Faster asset growth than 22% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

23rd percentile

-8.4%

Faster revenue growth than 23% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Down

$1,326,142

Down $76,619 (-5.5%) from 2017

Net Assets

Down

$1,326,142

Down $76,619 (-5.5%) from 2017

Liabilities

Flat

$0

Flat from 2017

Revenue

Down

$182,991

Down $16,795 (-8.4%) from 2017

Expenses

Down

$153,721

Down $38,725 (-20%) from 2017

Net Income

Up

$29,270

Up $21,930 (+299%) from 2017

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2017: $1,402,761Liabilities 2017: $0Net Assets 2017: $1,402,7612017Assets 2018: $1,326,142Liabilities 2018: $0Net Assets 2018: $1,326,1422018Assets 2019: $1,378,709Liabilities 2019: $0Net Assets 2019: $1,378,7092019Assets 2020: $1,599,085Liabilities 2020: $0Net Assets 2020: $1,599,0852020Assets 2021: $1,881,164Liabilities 2021: $0Net Assets 2021: $1,881,1642021Assets 2022: $1,262,697Liabilities 2022: $0Net Assets 2022: $1,262,6972022Assets 2023: $1,435,905Liabilities 2023: $0Net Assets 2023: $1,435,9052023Assets 2024: $1,822,768Liabilities 2024: $0Net Assets 2024: $1,822,7682024

Highlighted filing

2018

Assets$1,326,142
Liabilities$0
Net Assets$1,326,142

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2017: $199,786Expenses 2017: $192,446Net Income 2017: $7,3402017Revenue 2018: $182,991Expenses 2018: $153,721Net Income 2018: $29,2702018Revenue 2019: $177,463Expenses 2019: $313,423Net Income 2019: -$135,9602019Revenue 2020: $256,781Expenses 2020: $80,213Net Income 2020: $176,5682020Revenue 2021: $376,486Expenses 2021: $93,768Net Income 2021: $282,7182021Revenue 2022: $216,101Expenses 2022: $648,515Net Income 2022: -$432,4142022Revenue 2023: $260,943Expenses 2023: $202,320Net Income 2023: $58,6232023Revenue 2024: $257,242Expenses 2024: $66,614Net Income 2024: $190,6282024

Highlighted filing

2018

Revenue$182,991
Expenses$153,721
Net Income$29,270
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Jun 18, 2019
Return Version
2018v3.1
Gross Receipts
$821,753
Mission and Program Overview

Mission

To provide retirement and death benefits to volunteer firefighters.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,249,091$939,144▼ $309,947
Savings and Temporary Cash Investments$62,580$374,700▲ $312,120
Accounts Receivable$87,065$11,826▼ $75,239
Cash and Non-Interest-Bearing Accounts$4,025$472▼ $3,553
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$1,402,761$1,326,142▼ $76,619
Other Assets Total-$0-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Temporarily Rstr Net Assets$1,365,607$1,277,184▼ $88,423
Unrestricted Net Assets$37,154$48,958▲ $11,804
Total Net Assets Fund Balance$1,402,761$1,326,142▼ $76,619
Total Liabilities and Net Assets / Fund Balance$1,402,761$1,326,142▼ $76,619
Compensation and Service Providers

Board Members and Trustees

NameTitle
Zachary DeshayesPresident
Robert MeierVice President
Joe CarlsonTrustee
Kyle LittleTrustee
John MckinneyCity Admin
Terry LongFire Chief
Ryan LecknerMayor
Travis LittleSecretary
Keith CanfieldTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$122,134
Program Service Revenue
$0
Investment Income
$52,226
Other Revenue
$8,631
All Other Contributions
$10,799
Change in Net Assets
$29,270

Audited Revenue Reconciliation

Revenue per Audited Statements
$166,632
Revenue Not Reported on Financial Statements
$16,359
Revenue Not Reported on Form 990
$-85,406
Total Revenue per Audited Statements
$81,226
Total Revenue per Form 990
$182,991
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$44,981
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members$108,740--$108,740
Fees for Service Investment Mgmnt Fees-$16,359-$16,359
Fees for Services Accounting-$3,800-$3,800
All Other Expenses-$2,095-$2,095
Conferences and Meetings-$1,941-$1,941
Other Expenses-$966-$966
Total Functional Expenses$108,740$44,981$0$153,721

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$157,845
Total Expenses per Form 990$153,721
Expenses per Audited Statements$137,362
Expenses Not Reported on Form 990$20,483
Expenses Not Reported on Financial Statements$16,359
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$29,114
Fundraising Direct Expenses$20,483
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Mailings Fundraising$17,152-$2,151-
Golf Tournament$9,994$9,994$1,374$8,620
Total Events$42,042$24,890$16,554$8,336
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
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, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

Two members of the governing board are brothers.

Form 990, Part VI, Line 4: Description of Significant Changes to Organizational Documents

The annual retirement and death benefit was increased from $3,500 to $4,750 per full year of active service.

Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder

Firefighters of the city of park rapids are members of the park rapids firefighters relief association.

Form 990, Part VI, Line 7A: How Members or Shareholders Elect Governing Body

The members of the association elect the governing body.

Form 990, Part VI, Line 7B: Describe Decisions of Governing Body Approval by Members or Shareholders

The decisions of the governing body are subject to approval by the association members.

Form 990, Part VI, Line 11B: Form 990 Review Process

A copy of the 990 is provided to the board for review and approval.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

The members of the association's board of trustees annually complete a statement of economic interest statement as required by the minnesota campaign finance and public disclosure board.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

The organization's governing documents and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Park Rapids Firefighters Relief
EIN
41-6032720
Phone
2182520278
Address
PO BOX 63, PARK RAPIDS, MN 56470

Signing Officer

Name
Keith Canfield
Title
Treasurer
Signed
2019-06-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Zachary Deshayes
Formed
1918
Legal Domicile
Mn
Voting Board Members
6
Independent Board Members
0
Employees
0
Volunteers
29

Preparer

Firm
Benson Leitheiser & Soberg
Address
PO BOX 667, DETROIT LAKES, MN 56502
Preparer
Gregg W Benson
Phone
2188473114
Supplemental Narrative

Financial Statement Notes

Part XI, Line 2D: Other revenue amounts included in F/S but not included on form 990

Fundraising expenses $20483

Part XII, Line 2D: Other expenses and losses per audited F/S

Fundraising expenses $20483

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IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0ZACHARY DESHAYES
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0PROVIDED FINANCIAL SUPPORT FROM GENERAL FUND TO ORGANIZATIONS IN THE PARK RAPIDS AREA.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt0138000
IRS990/PYContributionsGrantsAmt0124355
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt068334
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt054446
IRS990/PYOtherRevenueAmt07097
IRS990/PYRevenuesLessExpensesAmt07340
IRS990/PYTotalExpensesAmt0192446
IRS990/PYTotalRevenueAmt0199786
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt029270
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt062580
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0374700
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0122134
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0124355
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0142000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0111359
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0118629
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0618477
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt052225
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt068334
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0120559
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt0500
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0500
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.83630
IRS990ScheduleA/PublicSupportPY170Pct00.89860
IRS990ScheduleA/PublicSupportTotal170Amt0618477
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0122134
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0124355
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0142000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0111359
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0118629
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0618477
IRS990ScheduleA/TotalSupportAmt0739536
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/ExpensesNotReportedAmt020483
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt016359
IRS990ScheduleD/ExpensesSubtotalAmt0137362
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt016359
IRS990ScheduleD/InvestmentExpensesNotIncldAmt016359
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-105889
IRS990ScheduleD/OtherExpensesIncludedAmt020483
IRS990ScheduleD/OtherRevenueAmt020483
IRS990ScheduleD/RevenueNotReportedAmt0-85406
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt016359
IRS990ScheduleD/RevenueSubtotalAmt0166632
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FUNDRAISING EXPENSES $20483
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1FUNDRAISING EXPENSES $20483
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XII, Line 2d: Other expenses and losses per audited F/S
IRS990ScheduleD/TotalExpensesPerForm990Amt0153721
IRS990ScheduleD/TotalRevenuePerForm990Amt0182991
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt081226
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0157845
IRS990ScheduleG/AgrmtProfFundraisingActyInd0false
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesOtherEventsAmt03150
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesTotalEventsAmt03150
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt017152
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt017152
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt016554
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentOtherEventsAmt01900
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt01900
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0MAILINGS FUNDRAISING
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0GOLF TOURNAMENT
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageOtherEventsAmt03127
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt03127
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt017152
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt09994
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt014896
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt042042
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt09994
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt014896
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt024890
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt08336
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent2Amt0500
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesTotalEventsAmt0500
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt02692
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt06217
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt02151
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt01374
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt02
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent2Amt01660
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt01660
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TWO MEMBERS OF THE GOVERNING BOARD ARE BROTHERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ANNUAL RETIREMENT AND DEATH BENEFIT WAS INCREASED FROM $3,500 TO $4,750 PER FULL YEAR OF ACTIVE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FIREFIGHTERS OF THE CITY OF PARK RAPIDS ARE MEMBERS OF THE PARK RAPIDS FIREFIGHTERS RELIEF ASSOCIATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE MEMBERS OF THE ASSOCIATION ELECT THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE DECISIONS OF THE GOVERNING BODY ARE SUBJECT TO APPROVAL BY THE ASSOCIATION MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5A COPY OF THE 990 IS PROVIDED TO THE BOARD FOR REVIEW AND APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE MEMBERS OF THE ASSOCIATION'S BOARD OF TRUSTEES ANNUALLY COMPLETE A STATEMENT OF ECONOMIC INTEREST STATEMENT AS REQUIRED BY THE MINNESOTA CAMPAIGN FINANCE AND PUBLIC DISCLOSURE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE ORGANIZATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 4: Description of Significant Changes to Organizational Documents
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false

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