Civic Intelligence

Park Rapids Firemens Relief Association

990 • Fiscal year 2020 • EIN 41-6032720

Jan 01, 2020 to Dec 31, 2020 • Filed on Jun 29, 2021

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

15th percentile

0.00x

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

15th percentile

0.00x

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

95th percentile

69%

Higher net margin than 95% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

68th percentile

16%

Faster asset growth than 68% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

85th percentile

45%

Faster revenue growth than 85% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$1,599,085

Up $220,376 (+16%) from 2019

Net Assets

Up

$1,599,085

Up $220,376 (+16%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue

Up

$256,781

Up $79,318 (+45%) from 2019

Expenses

Down

$80,213

Down $233,210 (-74%) from 2019

Net Income

Up

$176,568

Up $312,528 (+230%) from 2019

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

2020

Assets$1,599,085
Liabilities$0
Net Assets$1,599,085

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

2020

Revenue$256,781
Expenses$80,213
Net Income$176,568
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Jun 29, 2021
Return Version
2020v4.0
Gross Receipts
$1,217,235
Mission and Program Overview

Mission

To provide retirement and death benefits to volunteer firefighters.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,128,263$1,506,152▲ $377,889
Savings and Temporary Cash Investments$236,894$79,020▼ $157,874
Cash and Non-Interest-Bearing Accounts$7,714$8,067▲ $353
Accounts Receivable$5,838$5,846▲ $8
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$1,378,709$1,599,085▲ $220,376
Other Assets Total-$0-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,330,243$1,545,169▲ $214,926
Net Assets Without Donor Restrictions$48,466$53,916▲ $5,450
Total Net Assets Fund Balance$1,378,709$1,599,085▲ $220,376
Total Liabilities and Net Assets / Fund Balance$1,378,709$1,599,085▲ $220,376
Compensation and Service Providers

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$155,579
Program Service Revenue
$0
Investment Income
$87,679
Other Revenue
$13,523
All Other Contributions
$17,955
Change in Net Assets
$176,568

Audited Revenue Reconciliation

Revenue per Audited Statements
$239,697
Revenue Not Reported on Financial Statements
$17,084
Revenue Not Reported on Form 990
$55,659
Total Revenue per Audited Statements
$295,356
Total Revenue per Form 990
$256,781
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$80,213
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
Fees for Service Investment Mgmnt Fees-$17,083-$17,083
All Other Expenses-$6,252-$6,252
Fees for Services Accounting-$3,850-$3,850
Conferences and Meetings-$2,926-$2,926
Other Expenses$36,248$1,849-$1,849
Total Functional Expenses$36,248$43,965$0$80,213

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$80,213
Total Expenses per Audited Statements$74,980
Expenses per Audited Statements$63,129
Expenses Not Reported on Financial Statements$17,084
Expenses Not Reported on Form 990$11,851
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$25,374
Fundraising Direct Expenses$11,851
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Mailings Fundraising$33,205-$1,493-
Golf Tournament$12,970$12,970$1,296$11,674
Total Events$46,175$12,970$6,764$6,206
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 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, 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 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
2021-06-29
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
26

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 $11851

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

Fundraising expenses $11851

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IRS990/PrincipalOfficerNm0ZACHARY DESHAYES
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0RETIREMENT AND DEATH BENEFITS PAID TO VOLUNTEER FIREFIGHTERS.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt0239500
IRS990/PYContributionsGrantsAmt0140880
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt027768
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt073923
IRS990/PYOtherRevenueAmt08815
IRS990/PYRevenuesLessExpensesAmt0-135960
IRS990/PYTotalExpensesAmt0313423
IRS990/PYTotalRevenueAmt0177463
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0176568
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0236894
IRS990/SavingsAndTempCashInvstGrp/EOYAmt079020
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0155579
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0140880
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0122134
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0124355
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0142000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0684948
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt025364
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt027768
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt052225
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt068334
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0173691
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt0500
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0500
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.79720
IRS990ScheduleA/PublicSupportPY170Pct00.81150
IRS990ScheduleA/PublicSupportTotal170Amt0684948
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0155579
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0140880
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0122134
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0124355
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0142000
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0684948
IRS990ScheduleA/TotalSupportAmt0859139
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/ExpensesNotReportedAmt011851
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt017084
IRS990ScheduleD/ExpensesSubtotalAmt063129
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt017084
IRS990ScheduleD/InvestmentExpensesNotIncldAmt017084
IRS990ScheduleD/NetUnrealizedGainsInvstAmt043808
IRS990ScheduleD/OtherExpensesIncludedAmt011851
IRS990ScheduleD/OtherRevenueAmt011851
IRS990ScheduleD/RevenueNotReportedAmt055659
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt017084
IRS990ScheduleD/RevenueSubtotalAmt0239697
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FUNDRAISING EXPENSES $11851
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1FUNDRAISING EXPENSES $11851
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/TotalExpensesPerForm990Amt080213
IRS990ScheduleD/TotalRevenuePerForm990Amt0256781
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0295356
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt074980
IRS990ScheduleG/AgrmtProfFundraisingActyInd0false
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt033205
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt033205
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt06764
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0MAILINGS FUNDRAISING
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0GOLF TOURNAMENT
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent2Amt0435
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt0435
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt033205
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt012970
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt046175
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt012970
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt012970
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt06206
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt02789
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt01493
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt01296
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent2Amt03540
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt03540
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TWO MEMBERS OF THE GOVERNING BOARD ARE BROTHERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FIREFIGHTERS OF THE CITY OF PARK RAPIDS ARE MEMBERS OF THE PARK RAPIDS FIREFIGHTERS RELIEF ASSOCIATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE MEMBERS OF THE ASSOCIATION ELECT THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE DECISIONS OF THE GOVERNING BODY ARE SUBJECT TO APPROVAL BY THE ASSOCIATION MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4A COPY OF THE 990 IS PROVIDED TO THE BOARD FOR REVIEW AND APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE 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/ExplanationTxt6THE 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 6: Explanation of Classes of Members or Shareholder
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01378709
IRS990/TotalAssetsEOYAmt01599085

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