Civic Intelligence

Loretto Firemen'S Relief Association

990 • Fiscal year 2014 • EIN 41-6084217

Jan 01, 2014 to Dec 31, 2014 • Filed on May 29, 2015

PO Box 305Loretto, MN 55357-0305

(763) 286-2697

Siviq Scores

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

Liabilities / Assets

21st percentile

0.00x

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

2014 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

21st percentile

0.00x

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

2014 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2014

Net Margin

94th percentile

68%

Higher net margin than 94% of similar nonprofits.

2014 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

57th percentile

$300

Higher top officer pay than 57% of similar nonprofits.

Top officer pay equals 0.2% of source-year revenue.

2014 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2014

Asset Growth

69th percentile

7.7%

Faster asset growth than 69% of similar nonprofits.

2014 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

22nd percentile

-8.7%

Faster revenue growth than 22% of similar nonprofits.

2014 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Assets

Up

$1,426,924

Up $101,956 (+7.7%) from 2013

Net Assets

Up

$1,426,924

Up $102,727 (+7.8%) from 2013

Liabilities

Down

$0

Down $771 (-100%) from 2013

Revenue

Down

$160,832

Down $15,350 (-8.7%) from 2013

Expenses

Down

$51,522

Down $261,311 (-84%) from 2013

Net Income

Up

$109,310

Up $245,961 (+180%) from 2013

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2008: $1,055,570Liabilities 2008: $9,137Net Assets 2008: $1,046,4332008Assets 2009: $1,321,950Liabilities 2009: $36Net Assets 2009: $1,321,9142009Assets 2010: $1,364,233Liabilities 2010: $47Net Assets 2010: $1,364,1862010Assets 2011: $1,288,988Liabilities 2011: $63Net Assets 2011: $1,288,9252011Assets 2012: $1,345,590Liabilities 2012: $783Net Assets 2012: $1,344,8072012Assets 2013: $1,324,968Liabilities 2013: $771Net Assets 2013: $1,324,1972013Assets 2014: $1,426,924Liabilities 2014: $0Net Assets 2014: $1,426,9242014Assets 2015: $1,419,759Liabilities 2015: $2,465Net Assets 2015: $1,417,2942015Assets 2016: $1,576,773Liabilities 2016: $3,194Net Assets 2016: $1,573,5792016Assets 2017: $1,822,070Liabilities 2017: $0Net Assets 2017: $1,822,0702017Assets 2018: $1,729,335Liabilities 2018: $0Net Assets 2018: $1,729,3352018Assets 2019: $2,134,622Liabilities 2019: $0Net Assets 2019: $2,134,6222019Assets 2020: $2,345,187Liabilities 2020: $0Net Assets 2020: $2,345,1872020Assets 2021: $2,621,663Liabilities 2021: $0Net Assets 2021: $2,621,6632021Assets 2022: $2,338,428Liabilities 2022: $0Net Assets 2022: $2,338,4282022

Highlighted filing

2014

Assets$1,426,924
Liabilities$0
Net Assets$1,426,924

Operations Trend

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

$400K$200K$0-$200K-$400KRevenue 2008: -$264,715Expenses 2008: $49,571Net Income 2008: -$314,2862008Revenue 2009: $277,374Expenses 2009: $1,893Net Income 2009: $275,4812009Revenue 2010: $126,792Expenses 2010: $209,586Net Income 2010: -$82,7942010Revenue 2011: $54,892Expenses 2011: $153,107Net Income 2011: -$98,2152011Revenue 2012: $149,452Expenses 2012: $148,034Net Income 2012: $1,4182012Revenue 2013: $176,182Expenses 2013: $312,833Net Income 2013: -$136,6512013Revenue 2014: $160,832Expenses 2014: $51,522Net Income 2014: $109,3102014Revenue 2015: $194,704Expenses 2015: $58,075Net Income 2015: $136,6292015Revenue 2016: $128,291Expenses 2016: $73,701Net Income 2016: $54,5902016Revenue 2017: $176,765Expenses 2017: $110,401Net Income 2017: $66,3642017Revenue 2018: $112,933Expenses 2018: $32,711Net Income 2018: $80,2222018Revenue 2019: $193,380Expenses 2019: $33,202Net Income 2019: $160,1782019Revenue 2020: $137,798Expenses 2020: $30,439Net Income 2020: $107,3592020Revenue 2021: $248,120Expenses 2021: $37,142Net Income 2021: $210,9782021Revenue 2022: $13,055Expenses 2022: $36,584Net Income 2022: -$23,5292022

Highlighted filing

2014

Revenue$160,832
Expenses$51,522
Net Income$109,310
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
May 29, 2015
Return Version
2014v5.0
Gross Receipts
$225,040
Mission and Program Overview

Mission

To provide retirement benefits to volunteer firefighters.

To provide retirement benefits to volunteer firefighters

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,304,698$1,425,924▲ $121,226
Cash and Non-Interest-Bearing Accounts$17,270$0▼ $17,270
Pledges and Grants Receivable$3,000$1,000▼ $2,000
Total Assets$1,324,968$1,426,924▲ $101,956
Liabilities
Other Liabilities$771$0▼ $771
Total Liabilities$771$0▼ $771
Net Assets / Fund Balance
Temporarily Rstr Net Assets$1,307,698$1,426,924▲ $119,226
Unrestricted Net Assets$16,499$0▼ $16,499
Total Net Assets Fund Balance$1,324,197$1,426,924▲ $102,727
Total Liabilities and Net Assets / Fund Balance$1,324,968$1,426,924▲ $101,956
Compensation and Service Providers

Employees

NameTitleBaseTotal
Bill RosatiSecretary$300$300

Board Members and Trustees

NameTitle
Terry RyanPresident
Noah PatnodeVice President
Jeff LeuerEx-officio Trustee
Tim RyanEx-officio Trustee
Nate SchlosserTrustee
Nicole WestTrustee
Scott WendlandTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$100,116
Program Service Revenue
$0
Investment Income
$60,716
Other Revenue
$0
Change in Net Assets
$109,310

Audited Revenue Reconciliation

Revenue per Audited Statements
$143,294
Revenue Not Reported on Financial Statements
$17,538
Revenue Not Reported on Form 990
$9,916
Total Revenue per Audited Statements
$153,210
Total Revenue per Form 990
$160,832
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$24,962
Salaries, Compensation, and Employee Benefits$300
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members$26,260--$26,260
Fees for Service Investment Mgmnt Fees$17,538--$17,538
Fees for Services Accounting$6,891--$6,891
Insurance$533--$533
Current Officers, Directors, Trustees, and Key Employees$300--$300
Total Functional Expenses$51,522$0$0$51,522

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$51,522
Expenses per Audited Statements$33,984
Total Expenses per Audited Statements$33,984
Expenses Not Reported on Financial Statements$17,538
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
Backup withholding compliance
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 1

One board member was compensated as an officer and is therefore not independent

Form 990, Part VI, Section A, Line 2

Terry ryan and tim ryan have a family relationship

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 11

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 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
LORETTO FIREMEN'S RELIEF ASSOCIATION
EIN
41-6084217
Phone
7632862697
Address
PO BOX 305, LORETTO, MN 55357-0305

Signing Officer

Name
Terry Ryan
Title
President
Phone
7632862697
Signed
2015-05-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Terry Ryan
Formed
1951
Legal Domicile
Mn
Voting Board Members
8
Independent Board Members
7
Employees
0
Volunteers
20

Preparer

Firm
Abdo Eick & Meyers Llp
Address
100 WARREN ST SUITE 600, MANKATO, MN 56001
Preparer
Thomas J Olinger CPA
Phone
5076252727
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Allowable expenses from gambling -3,128. Lawful purpose donations form gambling -13,371.

Form 990, Part XII, Line 2C

The board of directors assumes responsibility for oversight of the audit

Financial Statement Notes

PART X, LINE 2:

Income taxes the organization 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 organization has analyzed filing positions with the internal revenue service and the state of minnesota. The organization is subject to routine audits by these jurisdictions; however, the organization is currently not under any audits for any tax periods. The organization does not anticipate that any of its income tax filing positions would result in a material adverse effect on the organization's 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 organization would accrue, if applicable, income tax related interest and penalties in income tax expense in the organization's statement of revenues, expenditures and changes in fund balances. During the year ended december 31, 2014, the organization did not recognize any interest or penalties. With few exceptions, the organization is no longer subject to tax examinations by tax authorities for years before 2011.

Raw XML Appendix330 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
IRS990/AccountantCompileOrReviewInd00
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO PROVIDE RETIREMENT BENEFITS TO VOLUNTEER FIREFIGHTERS
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BenefitsToMembersGrp/ProgramServicesAmt026260
IRS990/BenefitsToMembersGrp/TotalAmt026260
IRS990/BooksInCareOfDetail/PersonNm0TERRY RYAN
IRS990/BooksInCareOfDetail/PhoneNum07632862697
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0P O BOX 305
IRS990/BooksInCareOfDetail/USAddress/CityNm0LORETTO
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MN
IRS990/BooksInCareOfDetail/USAddress/ZIPCd055357
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt017270
IRS990/CashNonInterestBearingGrp/EOYAmt00
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0300
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0300
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd00
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt026260
IRS990/CYContributionsGrantsAmt0100116
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt060716
IRS990/CYOtherExpensesAmt024962
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0109310
IRS990/CYSalariesCompEmpBnftPaidAmt0300
IRS990/CYTotalExpensesAmt051522
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0160832
IRS990/DecisionsSubjectToApprovaInd01
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0PENSION BENEFITS
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt051522
IRS990/FamilyOrBusinessRlnInd01
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt06891
IRS990/FeesForServicesAccountingGrp/TotalAmt06891
IRS990/FeesForSrvcInvstMgmntFeesGrp/ProgramServicesAmt017538
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt017538
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt02.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt60.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt70.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/PersonNm0TERRY RYAN
IRS990/Form990PartVIISectionAGrp/PersonNm1NOAH PATNODE
IRS990/Form990PartVIISectionAGrp/PersonNm2BILL ROSATI
IRS990/Form990PartVIISectionAGrp/PersonNm3SCOTT WENDLAND
IRS990/Form990PartVIISectionAGrp/PersonNm4NICOLE WEST
IRS990/Form990PartVIISectionAGrp/PersonNm5NATE SCHLOSSER
IRS990/Form990PartVIISectionAGrp/PersonNm6JEFF LEUER
IRS990/Form990PartVIISectionAGrp/PersonNm7TIM RYAN
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt2300
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6EX-OFFICIO TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7EX-OFFICIO TRUSTEE
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01951
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt011768
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt08
IRS990/GovernmentGrantsAmt0100116
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt075976
IRS990/GrossReceiptsAmt0225040
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt0533
IRS990/InsuranceGrp/TotalAmt0533
IRS990/InvestmentIncomeGrp/ExclusionAmt048948
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt048948
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt01304698
IRS990/InvestmentsPubTradedSecGrp/EOYAmt01425924
IRS990/IRPDocumentCnt03
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0MN
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt064208
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0SEE PART I, LINE 1
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt01324197
IRS990/NetAssetsOrFundBalancesEOYAmt01426924
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt011768
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt011768
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt09916
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt0-16499
IRS990/OtherLiabilitiesGrp/BOYAmt0771
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/PartialLiquidationInd00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt03000
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01000
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0TERRY RYAN
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt0282888
IRS990/PYContributionsGrantsAmt083746
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt090116
IRS990/PYOtherExpensesAmt029645
IRS990/PYOtherRevenueAmt02320
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-136651
IRS990/PYSalariesCompEmpBnftPaidAmt0300
IRS990/PYTotalExpensesAmt0312833
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0176182
IRS990/ReconcilationRevenueExpnssAmt0109310
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt017538
IRS990ScheduleD/ExpensesSubtotalAmt033984
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt017538
IRS990ScheduleD/InvestmentExpensesNotIncldAmt017538
IRS990ScheduleD/NetUnrealizedGainsInvstAmt09916
IRS990ScheduleD/RevenueNotReportedAmt09916
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt017538
IRS990ScheduleD/RevenueSubtotalAmt0143294
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0INCOME TAXES THE ORGANIZATION 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 ORGANIZATION HAS ANALYZED FILING POSITIONS WITH THE INTERNAL REVENUE SERVICE AND THE STATE OF MINNESOTA. THE ORGANIZATION IS SUBJECT TO ROUTINE AUDITS BY THESE JURISDICTIONS; HOWEVER, THE ORGANIZATION IS CURRENTLY NOT UNDER ANY AUDITS FOR ANY TAX PERIODS. THE ORGANIZATION DOES NOT ANTICIPATE THAT ANY OF ITS INCOME TAX FILING POSITIONS WOULD RESULT IN A MATERIAL ADVERSE EFFECT ON THE ORGANIZATION'S 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 ORGANIZATION WOULD ACCRUE, IF APPLICABLE, INCOME TAX RELATED INTEREST AND PENALTIES IN INCOME TAX EXPENSE IN THE ORGANIZATION'S STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES. DURING THE YEAR ENDED DECEMBER 31, 2014, THE ORGANIZATION DID NOT RECOGNIZE ANY INTEREST OR PENALTIES. WITH FEW EXCEPTIONS, THE ORGANIZATION IS NO LONGER SUBJECT TO TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2011.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt051522
IRS990ScheduleD/TotalRevenuePerForm990Amt0160832
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0153210
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt033984
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ONE BOARD MEMBER WAS COMPENSATED AS AN OFFICER AND IS THEREFORE NOT INDEPENDENT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1TERRY RYAN AND TIM RYAN HAVE A FAMILY RELATIONSHIP
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION IS COMPRISED OF MEMBERS OF THE VOLUNTEER FIRE DEPARTMENT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE MEMBERS ELECT THE MEMBERS OF THE GOVERNING BODY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DECISIONS AFFECTING INVESTMENTS, BYLAWS, ETC ARE APPROVED BY THE MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5FORM 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/ExplanationTxt6THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7ALLOWABLE EXPENSES FROM GAMBLING -3,128. LAWFUL PURPOSE DONATIONS FORM GAMBLING -13,371.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8THE BOARD OF DIRECTORS ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART XII, LINE 2C
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt01307698
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt01426924
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01324968
IRS990/TotalAssetsEOYAmt01426924
IRS990/TotalAssetsGrp/BOYAmt01324968
IRS990/TotalAssetsGrp/EOYAmt01426924
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0100116
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt051522
IRS990/TotalFunctionalExpensesGrp/TotalAmt051522
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0771
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt0771
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01324197
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01426924
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt051522
IRS990/TotalReportableCompFromOrgAmt0300
IRS990/TotalRevenueGrp/ExclusionAmt060716
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0160832
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt020
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01324968
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01426924
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt016499
IRS990/UnrestrictedNetAssetsGrp/EOYAmt00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 305
IRS990/USAddress/CityNm0LORETTO
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd0553570305
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02016-04-25 22:37:26Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0TERRY RYAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07632862697
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-05-29
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LORETTO FIREMEN'S RELIEF ASSOCIATION
ReturnHeader/Filer/BusinessNameControlTxt0LORE
ReturnHeader/Filer/EIN0416084217
ReturnHeader/Filer/PhoneNum07632862697
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 305
ReturnHeader/Filer/USAddress/CityNm0LORETTO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd0553570305
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0411397419
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ABDO EICK & MEYERS LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0100 WARREN ST SUITE 600
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MANKATO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd056001
ReturnHeader/PreparerPersonGrp/PhoneNum05076252727
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0THOMAS J OLINGER CPA
ReturnHeader/ReturnTs02015-06-15T14:57:30-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

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.$2.34$0.00$2.34$0.01$0.04$0.02
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.62$0.00$2.62$0.25$0.04$0.21
2020Summary only. Only limited summary data is available for this year.$2.35$0.00$2.35$0.14$0.03$0.11
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.13$0.00$2.13$0.19$0.03$0.16
2018Summary only. Only limited summary data is available for this year.$1.73$0.00$1.73$0.11$0.03$0.08
2017Summary only. Only limited summary data is available for this year.$1.82$0.00$1.82$0.18$0.11$0.07
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.58$0.00$1.57$0.13$0.07$0.05
2015Detailed filing. Detailed filing data is available for this year.$1.42$0.00$1.42$0.19$0.06$0.14
2014Detailed filing. Detailed filing data is available for this year.$1.43$0.00$1.43$0.16$0.05$0.11
2013Summary only. Only limited summary data is available for this year.$1.32$0.00$1.32$0.18$0.31$0.14
2012Summary only. Only limited summary data is available for this year.$1.35$0.00$1.34$0.15$0.15$0.00
2011Summary only. Only limited summary data is available for this year.$1.29$0.00$1.29$0.05$0.15$0.10
2010Summary only. Only limited summary data is available for this year.$1.36$0.00$1.36$0.13$0.21$0.08
2009Summary only. Only limited summary data is available for this year.$1.32$0.00$1.32$0.28$0.00$0.28
2008Summary only. Only limited summary data is available for this year.$1.06$0.01$1.05$0.26$0.05$0.31