Civic Intelligence

Firemens Relief Association of Balaton

EIN 41-6037177 • 501(c)4 • Balaton, MN

990-N Coverage

Profile

To provide retirement benefits for the members of the Balaton Fire Department and to do fundraising for the benefit of the Balaton, MN fire department.

1618 County Rd 5Balaton, MN 56115

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2023

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2023

Net Margin

4th percentile

-432%

Higher net margin than 4% of similar nonprofits.

501(c)4 • <$500k nonprofits • Source year 2023

Top Officer Pay

89th percentile

$0

Higher top officer pay than 89% of similar nonprofits.

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

501(c)4 • <$500k nonprofits • Source year 2023

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2023

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2023

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

$51,939

No earlier filing loaded for comparison.

Liabilities

-

No earlier filing loaded for comparison.

Net Assets

$51,939

No earlier filing loaded for comparison.

Operations
Liabilities / RevenueScore unavailableNet Margin4th percentile

Revenue

$56,121

No earlier filing loaded for comparison.

Expenses

$298,638

No earlier filing loaded for comparison.

Net Income

-$242,517

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

Asset GrowthScore unavailable

Grouped bars show assets, liabilities, and net assets across loaded filings.

$60K$40K$20K$0Assets 2023: $51,939Net Assets 2023: $51,9392023

Highlighted filing

2023

Assets$51,939
Liabilities-
Net Assets$51,939
Open 2023 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income by year, with the latest filing highlighted.

$400K$200K$0-$200K-$400KRevenue 2023: $56,121Expenses 2023: $298,638Net Income 2023: -$242,5172023

Highlighted filing

2023

Revenue$56,121
Expenses$298,638
Net Income-$242,517
Open 2023 Filing

Filings

Most recent year

2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$51,939
Liabilities
-
Net assets
$51,939
Revenue
$56,121
Expenses
$298,638
Net income
-$242,517
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$0.52$0.52$0.56$2.99$2.43
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Jul 2, 2024
Return Version
2023v5.1
Gross Receipts
$65,231
Mission and Program Overview

Mission

To provide retirement benefits for the members of the Balaton Fire Department and to do fundraising for the benefit of the Balaton, MN fire department.

Program Services

DescriptionGrantsExpenses
Raised income for retirement benefits for members of the Balaton Fire Department and for the benefit of the Balaton Fire Department.-$297,033
Compensation and Service Providers
Top Officer Pay89th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Teri HivelyTreasurer-$0--
Jeremy SwensonPresident-$0--
Jared HivelySecretary-$0--
Kasey HolmFire Chief-$0--
Curt ParadisTrustee-$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Street Dance & Raffle$41,058$41,058$9,110$31,948
Total Events$41,058$41,058$9,110$31,948
Filing and Contact Details

Filer

Filer Name
Firemens Relief Association of Balaton
EIN
41-6037177
Phone
5077342379
Address
1618 County Rd 5, Balaton, MN 56115

Signing Officer

Name
Teri Hively
Title
Treasurer
Signed
2024-07-02
Discuss with paid preparer
Yes

Preparer

Firm
Kinner & Company Ltd
Address
404 3rd Ave PO Box 690, Brookings, SD 57006
Preparer
Nicole Y Larson
Phone
6056922515
Supplemental Narrative

Additional Explanations

Other Revenue.1

“Miscellaneous Revenue $22”

Other Expenses.1

“Transfer to MN PERA $287796”

Other Expenses.2

“Equipment $7257”

Other Expenses.3

“Misc Expense $1287”

Other Expenses.4

“Donations $425”

Other Expenses.5

“Dues $268”

Other Assets.1005

“Accounts Receivable - Beginning $753 Accounts Receivable - Ending $0”

Other Assets.1

“Accrued Interest - Beginning $121 Accrued Interest - Ending $0”

Raw XML Appendix143 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.

Path#Value
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IRS990EZ/BooksInCareOfDetail/PersonNm0Teri Hively
IRS990EZ/BooksInCareOfDetail/PhoneNum05077342379
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt01618 County Rd 5
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Balaton
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MN
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd056115
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt0300698
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt051939
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt020562
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-242517
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt01605
IRS990EZ/ForeignFinancialAccountInd0false
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IRS990EZ/Form1120PolFiledInd0false
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IRS990EZ/FundraisingGrossIncomeAmt041058
IRS990EZ/GrossReceiptsAmt065231
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InvestmentIncomeAmt03589
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
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IRS990EZ/NetAssetsOrFundBalancesEOYAmt051939
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0301572
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt051939
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt40
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Teri Hively
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1Jeremy Swenson
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2Jared Hively
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3Kasey Holm
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4Curt Paradis
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0Treasurer
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Secretary
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Fire Chief
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4Trustee
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt0874
IRS990EZ/OtherChangesInNetAssetsAmt0-7116
IRS990EZ/OtherExpensesTotalAmt0297033
IRS990EZ/OtherRevenueTotalAmt022
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0To provide retirement benefits for the members of the Balaton Fire Department and to do fundraising for the benefit of the Balaton, MN fire department.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Raised income for retirement benefits for members of the Balaton Fire Department and for the benefit of the Balaton Fire Department.
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt0297033
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SpecialEventsDirectExpensesAmt09110
IRS990EZ/SpecialEventsNetIncomeLossAmt031948
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt0298638
IRS990EZ/TotalProgramServiceExpensesAmt0297033
IRS990EZ/TotalRevenueAmt056121
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt09110
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Street Dance & Raffle
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt041058
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt041058
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt041058
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt041058
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt031948
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt09110
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt09110
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Miscellaneous Revenue $22
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Transfer to MN PERA $287796
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Equipment $7257
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Misc Expense $1287
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Donations $425
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Dues $268
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Accounts Receivable - Beginning $753 Accounts Receivable - Ending $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Accrued Interest - Beginning $121 Accrued Interest - Ending $0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other Revenue.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Other Expenses.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other Expenses.2
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other Expenses.4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Other Expenses.5
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Other Assets.1005
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Other Assets.1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Teri Hively
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-07-02
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ReturnHeader/Filer/BusinessNameControlTxt0FIRE
ReturnHeader/Filer/EIN0416037177
ReturnHeader/Filer/PhoneNum05077342379
ReturnHeader/Filer/USAddress/AddressLine1Txt01618 County Rd 5
ReturnHeader/Filer/USAddress/CityNm0Balaton
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd056115
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0460400356
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0404 3rd Ave PO Box 690
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Brookings
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0SD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd057006
ReturnHeader/PreparerPersonGrp/PhoneNum06056922515
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Nicole Y Larson
ReturnHeader/ReturnTs02024-07-02T08:57:59-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Teri
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Hively
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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