Civic Intelligence

Woodbury Firefighters' Benefit Association

990 • Fiscal year 2018 • EIN 41-6078005

Jan 01, 2018 to Dec 31, 2018 • Filed on Oct 04, 2019

Refreshing map…

2100 Radio DriveWoodbury, MN 55125

(651) 714-3789

Siviq Scores

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

Liabilities / Assets

9th percentile

0.00x

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

2018 filings • 501(c)4 • $10M-$25M nonprofits • Source year 2018

Liabilities / Revenue

9th percentile

0.00x

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

2018 filings • 501(c)4 • $10M-$25M nonprofits • Source year 2018

Net Margin

92nd percentile

68%

Higher net margin than 92% of similar nonprofits.

2018 filings • 501(c)4 • $10M-$25M nonprofits • Source year 2018

Top Officer Pay

33rd percentile

$3,397

Higher top officer pay than 33% of similar nonprofits.

Top officer pay equals 0.8% of source-year revenue.

2018 filings • 501(c)4 • $10M-$25M nonprofits • Source year 2018

Asset Growth

27th percentile

-2.4%

Faster asset growth than 27% of similar nonprofits.

2018 filings • 501(c)4 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Revenue Growth

44th percentile

1.4%

Faster revenue growth than 44% of similar nonprofits.

2018 filings • 501(c)4 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Assets

Down

$12,641,243

Down $315,477 (-2.4%) from 2017

Net Assets

Down

$12,641,243

Down $297,706 (-2.3%) from 2017

Liabilities

Down

$0

Down $17,771 (-100%) from 2017

Revenue

Up

$428,332

Up $5,891 (+1.4%) from 2017

Expenses

Up

$137,361

Up $3,264 (+2.4%) from 2017

Net Income

Up

$290,971

Up $2,627 (+0.9%) from 2017

Historical Trend

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2010: $6,285,149Liabilities 2010: $227Net Assets 2010: $6,284,9222010Assets 2012: $7,228,741Liabilities 2012: $0Net Assets 2012: $7,228,7412012Assets 2013: $8,720,253Liabilities 2013: $0Net Assets 2013: $8,720,2532013Assets 2014: $9,719,351Liabilities 2014: $0Net Assets 2014: $9,719,3512014Assets 2015: $9,898,886Liabilities 2015: $0Net Assets 2015: $9,898,8862015Assets 2016: $11,010,386Liabilities 2016: $300Net Assets 2016: $11,010,0862016Assets 2017: $12,956,720Liabilities 2017: $17,771Net Assets 2017: $12,938,9492017Assets 2018: $12,641,243Liabilities 2018: $0Net Assets 2018: $12,641,2432018Assets 2019: $15,197,629Liabilities 2019: $899Net Assets 2019: $15,196,7302019Assets 2020: $17,383,907Liabilities 2020: $492Net Assets 2020: $17,383,4152020Assets 2021: $19,105,291Liabilities 2021: $4,712Net Assets 2021: $19,100,5792021Assets 2022: $14,496,426Liabilities 2022: $0Net Assets 2022: $14,496,4262022

Highlighted filing

2018

Assets$12,641,243
Liabilities$0
Net Assets$12,641,243

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0M-$4.0MRevenue 2010: $436,386Expenses 2010: $136,909Net Income 2010: $299,4772010Revenue 2012: $253,977Expenses 2012: $165,781Net Income 2012: $88,1962012Revenue 2013: $357,074Expenses 2013: $120,154Net Income 2013: $236,9202013Revenue 2014: $359,907Expenses 2014: $19,950Net Income 2014: $339,9572014Revenue 2015: $404,551Expenses 2015: $236,038Net Income 2015: $168,5132015Revenue 2016: $412,028Expenses 2016: $17,916Net Income 2016: $394,1122016Revenue 2017: $422,441Expenses 2017: $134,097Net Income 2017: $288,3442017Revenue 2018: $428,332Expenses 2018: $137,361Net Income 2018: $290,9712018Revenue 2019: $451,408Expenses 2019: $461,409Net Income 2019: -$10,0012019Revenue 2020: $473,204Expenses 2020: $513,596Net Income 2020: -$40,3922020Revenue 2021: $499,405Expenses 2021: $960,501Net Income 2021: -$461,0962021Revenue 2022: $845,805Expenses 2022: $4,313,092Net Income 2022: -$3,467,2872022

Highlighted filing

2018

Revenue$428,332
Expenses$137,361
Net Income$290,971
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Oct 4, 2019
Return Version
2018v3.1
Gross Receipts
$428,332
Mission and Program Overview

Mission

To provide service pensions and ancillary benefits to members of the woodbury firefighters' benefit association and their lawful beneficiaries.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$12,938,949$12,641,243▼ $297,706
Investments Other Securities$12,542,943$11,971,872▼ $571,071
Savings and Temporary Cash Investments$408,577$668,871▲ $260,294
Accounts Receivable$5,200$500▼ $4,700
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Total Assets$12,956,720$12,641,243▼ $315,477
Liabilities
Accounts Payable and Accrued Expenses$17,771$0▼ $17,771
Total Liabilities$17,771$0▼ $17,771
Net Assets / Fund Balance
Total Net Assets Fund Balance$12,938,949$12,641,243▼ $297,706
Total Liabilities and Net Assets / Fund Balance$12,956,720$12,641,243▼ $315,477

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$1,866,589--
Compensation and Service Providers

Employees

NameTitleBaseTotal
Aaron EngelsrudPresident$3,397$3,397
Richard AndersonTreasurer$2,722$2,722
Mike EricksonSecretary$686$686
Phil a Hennemann IiiVice-president$268$268
Brian MasselDirector (part Year)$208$208
Zach DelsmanDirector$186$186

Board Members and Trustees

NameTitle
Scott KeyDirector
Lee VagueEx-officio Trustee
Mary Giuliani StephensEx-officio Trustee
Tim JohnsonEx-officio Trustee
Revenue and Support

Revenue Composition

Contributions and Grants
$420,893
Program Service Revenue
$0
Investment Income
$7,439
Other Revenue
$0
All Other Contributions
$300
Change in Net Assets
$290,971

Audited Revenue Reconciliation

Revenue per Audited Statements
$427,588
Revenue Not Reported on Financial Statements
$744
Revenue Not Reported on Form 990
$-588,677
Total Revenue per Audited Statements
$-161,089
Total Revenue per Form 990
$428,332
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$21,581
Salaries, Compensation, and Employee Benefits$7,860
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members$107,920--$107,920
Fees for Services Accounting-$9,199-$9,199
Fees for Services Legal-$8,018-$8,018
Current Officers, Directors, Trustees, and Key Employees-$7,467-$7,467
Fees for Services Other-$1,500-$1,500
Fees for Service Investment Mgmnt Fees-$744-$744
All Other Expenses-$399-$399
Other Salaries and Wages-$393-$393
Other Expenses-$221-$221
Total Functional Expenses$107,920$29,441$0$137,361

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$137,361
Expenses per Audited Statements$136,617
Total Expenses per Audited Statements$136,617
Expenses Not Reported on Financial Statements$744
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
Audit committee
Yes
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
No
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

All paid on-call members of fire services shall be eligible to apply for active membership in the woodbury firefighters' benefit association.

Form 990, Part VI, Section A, Line 7A

Six of the nine trustees are elected by the members.

Form 990, Part VI, Section A, Line 7B

Routine operating decisions are not subject to approval by the membership however any changes to the association bylaws must be approved by the membership.

Form 990, Part VI, Section A, Line 8B

There are no such committees.

Form 990, Part VI, Section B, Line 11B

The form is reviewed by the president and treasurer before filing. The return is available to any members who wish to review it.

Form 990, Part VI, Section B, Line 12

The firefighter relief association does not have a separate written conflict of interest policy but minnesota state law governing fire relief organizations requires all board members to annually provide a statement of economic interest.

Form 990, Part VI, Section B, Line 15

The organization follows adjustments to wages as determined by the city of woodbury.

Form 990, Part VI, Section C, Line 19

Public documents will be made available upon request.

Filing and Contact Details

Filer

Filer Name
WOODBURY FIREFIGHTERS' BENEFIT
EIN
41-6078005
Phone
6517143789
Address
2100 RADIO DRIVE, WOODBURY, MN 55125

Signing Officer

Name
Rick Anderson
Title
Treasurer
Phone
6517143789
Signed
2019-10-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Aaron Engelsrud
Formed
1965
Legal Domicile
Mn
Voting Board Members
9
Independent Board Members
3
Employees
6
Volunteers
4

Preparer

Firm
Redpath and Company Ltd
Address
4810 WHITE BEAR PARKWAY, WHITE BEAR LAKE, MN 55110
Preparer
Ashley C Rehn CPA
Phone
6514267000
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

Fasb asc 740-10 provides that a tax expense or benefit from an uncertain income position (including tax-exempt status) may be recognized only when it is more likely than not that the position will be sustained upon examination by taxing authorities. Management believes the association has no uncertain income tax positions, under the more likely than not standard, that would result in an accrual, expense or benefit in a material amount.

Raw XML Appendix370 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/RevenueNotReportedFinclStmtAmt0744
IRS990ScheduleD/RevenueSubtotalAmt0427588
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FASB ASC 740-10 PROVIDES THAT A TAX EXPENSE OR BENEFIT FROM AN UNCERTAIN INCOME POSITION (INCLUDING TAX-EXEMPT STATUS) MAY BE RECOGNIZED ONLY WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. MANAGEMENT BELIEVES THE ASSOCIATION HAS NO UNCERTAIN INCOME TAX POSITIONS, UNDER THE MORE LIKELY THAN NOT STANDARD, THAT WOULD RESULT IN AN ACCRUAL, EXPENSE OR BENEFIT IN A MATERIAL AMOUNT.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueSecuritiesAmt011971872
IRS990ScheduleD/TotalExpensesPerForm990Amt0137361
IRS990ScheduleD/TotalRevenuePerForm990Amt0428332
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0-161089
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0136617
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ALL PAID ON-CALL MEMBERS OF FIRE SERVICES SHALL BE ELIGIBLE TO APPLY FOR ACTIVE MEMBERSHIP IN THE WOODBURY FIREFIGHTERS' BENEFIT ASSOCIATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1SIX OF THE NINE TRUSTEES ARE ELECTED BY THE MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ROUTINE OPERATING DECISIONS ARE NOT SUBJECT TO APPROVAL BY THE MEMBERSHIP HOWEVER ANY CHANGES TO THE ASSOCIATION BYLAWS MUST BE APPROVED BY THE MEMBERSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THERE ARE NO SUCH COMMITTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE FORM IS REVIEWED BY THE PRESIDENT AND TREASURER BEFORE FILING. THE RETURN IS AVAILABLE TO ANY MEMBERS WHO WISH TO REVIEW IT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE FIREFIGHTER RELIEF ASSOCIATION DOES NOT HAVE A SEPARATE WRITTEN CONFLICT OF INTEREST POLICY BUT MINNESOTA STATE LAW GOVERNING FIRE RELIEF ORGANIZATIONS REQUIRES ALL BOARD MEMBERS TO ANNUALLY PROVIDE A STATEMENT OF ECONOMIC INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ORGANIZATION FOLLOWS ADJUSTMENTS TO WAGES AS DETERMINED BY THE CITY OF WOODBURY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7PUBLIC DOCUMENTS WILL BE MADE AVAILABLE UPON REQUEST.
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 A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 12
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt012956720
IRS990/TotalAssetsEOYAmt012641243
IRS990/TotalAssetsGrp/BOYAmt012956720
IRS990/TotalAssetsGrp/EOYAmt012641243
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0420893
IRS990/TotalEmployeeCnt06
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt029441
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0107920
IRS990/TotalFunctionalExpensesGrp/TotalAmt0137361
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt017771
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt017771
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt012938949
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt012641243
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0107920
IRS990/TotalReportableCompFromOrgAmt07467
IRS990/TotalRevenueGrp/ExclusionAmt07439
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0428332
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt04
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt012956720
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt012641243
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02100 RADIO DRIVE
IRS990/USAddress/CityNm0WOODBURY
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd055125
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0WWW.WOODBURYFBA.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02020-01-14 16:20:31Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0RICK ANDERSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum06517143789
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-10-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WOODBURY FIREFIGHTERS' BENEFIT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0ASSOCIATION
ReturnHeader/Filer/BusinessNameControlTxt0WOOD
ReturnHeader/Filer/EIN0416078005
ReturnHeader/Filer/PhoneNum06517143789
ReturnHeader/Filer/USAddress/AddressLine1Txt02100 RADIO DRIVE
ReturnHeader/Filer/USAddress/CityNm0WOODBURY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055125
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0C4926D5FBB7B593E79FEA72CE0C0305E7ABF5185
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0967318B790B1455EE694363059DB49B3290921CA
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt050.224.170.94
ReturnHeader/FilingSecurityInformation/IPDt02019-10-04
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm007:22:11
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0410975573
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0REDPATH AND COMPANY LTD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04810 WHITE BEAR PARKWAY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WHITE BEAR LAKE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd055110
ReturnHeader/PreparerPersonGrp/PhoneNum06514267000
ReturnHeader/PreparerPersonGrp/PreparationDt02019-10-04
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ASHLEY C REHN CPA
ReturnHeader/ReturnTs02019-10-07T10:36:56-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.5$0.00$14.5$0.85$4.31$3.47
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.1$0.00$19.1$0.50$0.96$0.46
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$17.4$0.00$17.4$0.47$0.51$0.04
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.2$0.00$15.2$0.45$0.46$0.01
2018Detailed filing. Detailed filing data is available for this year.$12.6$0.00$12.6$0.43$0.14$0.29
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.0$0.02$12.9$0.42$0.13$0.29
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.0$0.00$11.0$0.41$0.02$0.39
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.90$0.00$9.90$0.40$0.24$0.17
2014Summary only. Only limited summary data is available for this year.$9.72$0.00$9.72$0.36$0.02$0.34
2013Summary only. Only limited summary data is available for this year.$8.72$0.00$8.72$0.36$0.12$0.24
2012Summary only. Only limited summary data is available for this year.$7.23$0.00$7.23$0.25$0.17$0.09
2010Summary only. Only limited summary data is available for this year.$6.29$0.00$6.28$0.44$0.14$0.30