Civic Intelligence

Firemens Relief Assns of Minn South

990 • Fiscal year 2020 • EIN 41-6040239

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 01, 2021

306 S McKinzie StMankato, MN 56001

(507) 420-0111

Siviq Scores

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

Liabilities / Assets

40th percentile

0.00x

Higher debt load relative to assets than 40% of similar nonprofits.

2020 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

57th percentile

0.09x

Higher debt load relative to revenue than 57% of similar nonprofits.

2020 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2020

Net Margin

6th percentile

-69%

Higher net margin than 6% of similar nonprofits.

2020 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

68th percentile

$0

Higher top officer pay than 68% of similar nonprofits.

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

2020 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2020

Asset Growth

32nd percentile

-1.3%

Faster asset growth than 32% of similar nonprofits.

2020 filings • 501(c)4 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

5th percentile

-63%

Faster revenue growth than 5% of similar nonprofits.

2020 filings • 501(c)4 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Assets

Down

$670,937

Down $8,589 (-1.3%) from 2019

Net Assets

Down

$669,620

Down $9,906 (-1.5%) from 2019

Liabilities

Up

$1,317

Up $1,317 from 2019

Revenue

Down

$14,762

Down $24,780 (-63%) from 2019

Expenses

Up

$24,888

Up $15,390 (+162%) from 2019

Net Income

Down

-$10,126

Down $40,170 (-134%) from 2019

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2008: $304,178Liabilities 2008: $02008Assets 2009: $330,105Liabilities 2009: $02009Assets 2010: $324,816Liabilities 2010: $02010Assets 2012: $291,417Liabilities 2012: $0Net Assets 2012: $291,4172012Assets 2013: $348,617Liabilities 2013: $0Net Assets 2013: $348,6172013Assets 2014: $412,123Liabilities 2014: $0Net Assets 2014: $412,1232014Assets 2015: $460,188Liabilities 2015: $0Net Assets 2015: $460,1882015Assets 2016: $504,666Liabilities 2016: $0Net Assets 2016: $504,6662016Assets 2017: $617,803Liabilities 2017: $0Net Assets 2017: $617,8032017Assets 2018: $579,061Liabilities 2018: $0Net Assets 2018: $579,0612018Assets 2019: $679,526Liabilities 2019: $0Net Assets 2019: $679,5262019Assets 2020: $670,937Liabilities 2020: $1,317Net Assets 2020: $669,6202020Assets 2021: $781,367Liabilities 2021: $2,275Net Assets 2021: $779,0922021Assets 2022: $721,045Liabilities 2022: $0Net Assets 2022: $721,0452022Assets 2023: $760,585Liabilities 2023: $0Net Assets 2023: $760,5852023Assets 2024: $761,540Liabilities 2024: $6,701Net Assets 2024: $754,8392024

Highlighted filing

2020

Assets$670,937
Liabilities$1,317
Net Assets$669,620

Operations Trend

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

$150K$100K$50K$0-$50KRevenue 2008: $32,187Expenses 2008: $32,131Net Income 2008: $562008Revenue 2009: $25,000Expenses 2009: $4,279Net Income 2009: $20,7212009Revenue 2010: -$1,257Expenses 2010: $11,305Net Income 2010: -$12,5622010Revenue 2012: $4,345Expenses 2012: $11,436Net Income 2012: -$7,0912012Revenue 2013: $69,511Expenses 2013: $27,294Net Income 2013: $42,2172013Revenue 2014: $65,747Expenses 2014: $3,231Net Income 2014: $62,5162014Revenue 2015: $56,014Expenses 2015: $3,457Net Income 2015: $52,5572015Revenue 2016: $45,303Expenses 2016: $18,871Net Income 2016: $26,4322016Revenue 2017: $77,860Expenses 2017: $6,855Net Income 2017: $71,0052017Revenue 2018: $76,780Expenses 2018: $9,579Net Income 2018: $67,2012018Revenue 2019: $39,542Expenses 2019: $9,498Net Income 2019: $30,0442019Revenue 2020: $14,762Expenses 2020: $24,888Net Income 2020: -$10,1262020Revenue 2021: $110,440Expenses 2021: $22,981Net Income 2021: $87,4592021Revenue 2022: $80,296Expenses 2022: $73,754Net Income 2022: $6,5422022Revenue 2023: $44,876Expenses 2023: $45,783Net Income 2023: -$9072023Revenue 2024: $108,720Expenses 2024: $113,381Net Income 2024: -$4,6612024

Highlighted filing

2020

Revenue$14,762
Expenses$24,888
Net Income-$10,126
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 1, 2021
Return Version
2020v4.1
Gross Receipts
$135,144
Mission and Program Overview

Mission

To provide retirement benefits to volunteer firefighters.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$584,336$605,766▲ $21,430
Cash and Non-Interest-Bearing Accounts$70,790$30,647▼ $40,143
Pledges and Grants Receivable$11,095$22,836▲ $11,741
Savings and Temporary Cash Investments$13,305$11,688▼ $1,617
Total Assets$679,526$670,937▼ $8,589
Liabilities
Accounts Payable and Accrued Expenses-$1,317-
Total Liabilities$0$1,317▲ $1,317
Net Assets / Fund Balance
Net Assets With Donor Restrictions$679,526$669,330▼ $10,196
Net Assets Without Donor Restrictions-$290-
Total Net Assets Fund Balance$679,526$669,620▼ $9,906
Total Liabilities and Net Assets / Fund Balance$679,526$670,937▼ $8,589
Compensation and Service Providers

Board Members and Trustees

NameTitle
Tim VaubelPresident
Cory KanstrupVice President
Kyle HulkeTrustee
Nick BottomsTrustee
Bob SutchSecretary
Paul WoeffelTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$23,651
Program Service Revenue
$0
Investment Income
$-8,889
Other Revenue
$0
All Other Contributions
$290
Change in Net Assets
$-10,126

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,163
Revenue Not Reported on Financial Statements
$8,599
Revenue Not Reported on Form 990
$220
Total Revenue per Audited Statements
$6,383
Total Revenue per Form 990
$14,762
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$20,059
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 Services Accounting-$10,800-$10,800
Fees for Service Investment Mgmnt Fees-$8,599-$8,599
Benefits to Members$4,829--$4,829
Other Expenses-$600-$600
Office Expenses-$60-$60
Total Functional Expenses$4,829$20,059$0$24,888

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$24,888
Expenses per Audited Statements$16,289
Total Expenses per Audited Statements$16,289
Expenses Not Reported on Financial Statements$8,599
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
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 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
South Bend Township Fire Relief
EIN
41-6040239
Phone
5074200111
Address
306 S McKinzie St, Mankato, MN 56001

Signing Officer

Name
Tim Vaubel
Title
President
Phone
5074200111
Signed
2021-11-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tim Vaubel
Formed
1958
Legal Domicile
Mn
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
20

Preparer

Firm
Abdo Eick & Meyers
Address
521 Eden Avenue Suite 250, Edina, MN 55436
Preparer
Steven D Anseth CPA
Phone
9528359090
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C:

The process has not changed from the prior year.

Financial Statement Notes

Part X, Line 2:

Income taxes The Association 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 Association has analyzed filing positions with the Internal Revenue Service and the State of Minnesota. The Association is subject to routine audits by these jurisdictions; however, the Association is currently not under any audits for any tax periods. The Association does not anticipate that any of its income tax filing positions would result in a material adverse effect on the Association 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 Association would accrue, if applicable, income tax related interest and penalties in income tax expense in the Association statement of revenues, expenditures and changes in fund balances. During the year ended December 31, 2020, the Association did not recognize any interest or penalties. With few exceptions, the Association is no longer subject to tax examinations by tax authorities for years before 2017.

Raw XML Appendix335 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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IRS990/Form990PartVIISectionAGrp/PersonNm1Cory Kanstrup
IRS990/Form990PartVIISectionAGrp/PersonNm2Paul Woeffel
IRS990/Form990PartVIISectionAGrp/PersonNm3Bob Sutch
IRS990/Form990PartVIISectionAGrp/PersonNm4Nick Bottoms
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IRS990/Form990PartVIISectionAGrp/TitleTxt0President
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt2Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt3Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt4Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt5Trustee
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Income taxes The Association 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 Association has analyzed filing positions with the Internal Revenue Service and the State of Minnesota. The Association is subject to routine audits by these jurisdictions; however, the Association is currently not under any audits for any tax periods. The Association does not anticipate that any of its income tax filing positions would result in a material adverse effect on the Association 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 Association would accrue, if applicable, income tax related interest and penalties in income tax expense in the Association statement of revenues, expenditures and changes in fund balances. During the year ended December 31, 2020, the Association did not recognize any interest or penalties. With few exceptions, the Association is no longer subject to tax examinations by tax authorities for years before 2017.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Organization is comprised of members of the volunteer fire department.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The members elect the members of the governing body.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Decisions affecting investments, bylaws, etc are approved by the members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Form 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/ExplanationTxt4The conflict of interest policy is reviewed annually by the Organization's board members for any necessary changes.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The Organization makes its governing documents and financial statements available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6The process has not changed from the prior year.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part XII, Line 2c:
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IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0679526
IRS990/TotalAssetsEOYAmt0670937
IRS990/TotalAssetsGrp/BOYAmt0679526
IRS990/TotalAssetsGrp/EOYAmt0670937
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt023651
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt020059
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt04829
IRS990/TotalFunctionalExpensesGrp/TotalAmt024888
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt01317
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt01317
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0679526
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0669620
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt04829
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0-8889
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt014762
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt020
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0679526
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0670937
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0306 S McKinzie St
IRS990/USAddress/CityNm0Mankato
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd056001
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Tim Vaubel
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum05074200111
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0South Bend Township Fire Relief
ReturnHeader/Filer/BusinessNameControlTxt0SOUT
ReturnHeader/Filer/EIN0416040239
ReturnHeader/Filer/PhoneNum05074200111
ReturnHeader/Filer/USAddress/AddressLine1Txt0306 S McKinzie St
ReturnHeader/Filer/USAddress/CityNm0Mankato
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd056001
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0411397419
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Abdo Eick & Meyers
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0521 Eden Avenue Suite 250
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Edina
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd055436
ReturnHeader/PreparerPersonGrp/PhoneNum09528359090
ReturnHeader/PreparerPersonGrp/PreparationDt02021-11-01
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Steven D Anseth CPA
ReturnHeader/ReturnTs02021-11-11T08:54:57-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Tim
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Vaubel
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$7.62$0.07$7.55$1.09$1.13$0.05
2023Detailed filing. Detailed filing data is available for this year.$7.61$0.00$7.61$0.45$0.46$0.01
2022Detailed filing. Detailed filing data is available for this year.$7.21$0.00$7.21$0.80$0.74$0.07
2021Detailed filing. Detailed filing data is available for this year.$7.81$0.02$7.79$1.10$0.23$0.87
2020Detailed filing. Detailed filing data is available for this year.$6.71$0.01$6.70$0.15$0.25$0.10
2019Detailed filing. Detailed filing data is available for this year.$6.80$0.00$6.80$0.40$0.09$0.30
2018Detailed filing. Detailed filing data is available for this year.$5.79$0.00$5.79$0.77$0.10$0.67
2017Detailed filing. Detailed filing data is available for this year.$6.18$0.00$6.18$0.78$0.07$0.71
2016Detailed filing. Detailed filing data is available for this year.$5.05$0.00$5.05$0.45$0.19$0.26
2015Detailed filing. Detailed filing data is available for this year.$4.60$0.00$4.60$0.56$0.03$0.53
2014Detailed filing. Detailed filing data is available for this year.$4.12$0.00$4.12$0.66$0.03$0.63
2013Detailed filing. Detailed filing data is available for this year.$3.49$0.00$3.49$0.70$0.27$0.42
2012Summary only. Only limited summary data is available for this year.$2.91$0.00$2.91$0.04$0.11$0.07
2010Summary only. Only limited summary data is available for this year.$3.25$0.00$0.01$0.11$0.13
2009Summary only. Only limited summary data is available for this year.$3.30$0.00$0.25$0.04$0.21
2008Summary only. Only limited summary data is available for this year.$3.04$0.00$0.32$0.32$0.00