Civic Intelligence

Loretto Firemen'S Relief Association

990 • Fiscal year 2017 • EIN 41-6084217

Jan 01, 2017 to Dec 31, 2017 • Filed on Oct 12, 2018

Organization ProfileN/A
PO Box 305Loretto, MN 55357-0305

(612) 201-3593

Siviq Scores

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

Liabilities / Assets

22nd percentile

0.00x

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

2017 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

22nd percentile

0.00x

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

2017 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2017

Net Margin

84th percentile

38%

Higher net margin than 84% of similar nonprofits.

2017 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

58th percentile

$0

Higher top officer pay than 58% of similar nonprofits.

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

2017 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2017

Asset Growth

81st percentile

16%

Faster asset growth than 81% of similar nonprofits.

2017 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

86th percentile

38%

Faster revenue growth than 86% of similar nonprofits.

2017 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets22nd percentile

Assets

Flat

$1,822,070

Flat from 2017

Net Assets

Flat

$1,822,070

Flat from 2017

Liabilities

Flat

$0

Flat from 2017

Revenue And Expenses
Liabilities / Revenue22nd percentileNet Margin84th percentile

Revenue

Flat

$176,765

Flat from 2017

Expenses

Flat

$110,401

Flat from 2017

Net Income

Flat

$66,364

Flat from 2017

Historical Trend

Balance Sheet Trend

Asset Growth81st percentile

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 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

2017

Assets$1,822,070
Liabilities$0
Net Assets$1,822,070
Open 2017 Filing

Operations Trend

Revenue Growth86th percentile

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 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

2017

Revenue$176,765
Expenses$110,401
Net Income$66,364
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Oct 12, 2018
Return Version
2017v2.3
Gross Receipts
$176,765
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 Program Related$1,573,364$1,819,070▲ $245,706
Pledges and Grants Receivable$3,409$2,000▼ $1,409
Accounts Receivable-$1,000-
Total Assets$1,576,773$1,822,070▲ $245,297
Liabilities
Accounts Payable and Accrued Expenses$3,194$0▼ $3,194
Total Liabilities$3,194$0▼ $3,194
Net Assets / Fund Balance
Temporarily Rstr Net Assets$1,573,579$1,822,070▲ $248,491
Total Net Assets Fund Balance$1,573,579$1,822,070▲ $248,491
Total Liabilities and Net Assets / Fund Balance$1,576,773$1,822,070▲ $245,297

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$779,922--
Compensation and Service Providers
Top Officer Pay58th percentile

Board Members and Trustees

NameTitle
Nicole WestPresident
Noah PatnodeVice President
Jeff LeuerEx-officio trustee
Tim RyanEX-officio trustee
Gregg JohnsonTrustee
Jake LeuerTrustee
Cody EllosSecretary
Scott WendlandTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$94,638
Program Service Revenue
$82,127
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$66,364

Audited Revenue Reconciliation

Revenue per Audited Statements
$155,527
Revenue Not Reported on Financial Statements
$21,238
Revenue Not Reported on Form 990
$182,127
Total Revenue per Audited Statements
$337,654
Total Revenue per Form 990
$176,765
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$27,826
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
Benefits to Members$82,575--$82,575
Fees for Service Investment Mgmnt Fees$21,238--$21,238
Fees for Services Accounting$6,055--$6,055
Insurance$533--$533
Total Functional Expenses$110,401$0$0$110,401

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$110,401
Expenses per Audited Statements$89,163
Total Expenses per Audited Statements$89,163
Expenses Not Reported on Financial Statements$21,238
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
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
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

“Two board members were compensated as officers and were therefore not independent.”

Form 990, Part VI, Section A, line 2

“Jeff and Jake Leuer 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 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 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
6122013593
Address
PO Box 305, Loretto, MN 55357-0305

Signing Officer

Name
Nicole West
Title
President
Phone
6122013593
Signed
2018-10-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nicole West
Formed
1951
Legal Domicile
Mn
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
29

Preparer

Firm
Abdo Eick & Meyers LLP
Address
100 Warren St Ste 600, Mankato, MN 56001
Preparer
Thomas J Olinger CPA
Phone
5076252727
Supplemental Narrative

Additional Explanations

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, 2017, 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 2014.”

Raw XML Appendix339 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/AccountsPayableAccrExpnssGrp/BOYAmt03194
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt00
IRS990/AccountsReceivableGrp/EOYAmt01000
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0To provide retirement benefits to volunteer firefighters
IRS990/AuditCommitteeInd00
IRS990/BenefitsToMembersGrp/ProgramServicesAmt082575
IRS990/BenefitsToMembersGrp/TotalAmt082575
IRS990/BooksInCareOfDetail/PersonNm0Nicole West
IRS990/BooksInCareOfDetail/PhoneNum06122013593
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/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd00
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt082575
IRS990/CYContributionsGrantsAmt094638
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt027826
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt082127
IRS990/CYRevenuesLessExpensesAmt066364
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0110401
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0176765
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/ExpenseAmt0110401
IRS990/FamilyOrBusinessRlnInd01
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt06055
IRS990/FeesForServicesAccountingGrp/TotalAmt06055
IRS990/FeesForSrvcInvstMgmntFeesGrp/ProgramServicesAmt021238
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt021238
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/PersonNm0Nicole West
IRS990/Form990PartVIISectionAGrp/PersonNm1Noah Patnode
IRS990/Form990PartVIISectionAGrp/PersonNm2Cody Ellos
IRS990/Form990PartVIISectionAGrp/PersonNm3Scott Wendland
IRS990/Form990PartVIISectionAGrp/PersonNm4Jake Leuer
IRS990/Form990PartVIISectionAGrp/PersonNm5Gregg Johnson
IRS990/Form990PartVIISectionAGrp/PersonNm6Jeff Leuer
IRS990/Form990PartVIISectionAGrp/PersonNm7Tim Ryan
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
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/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt08
IRS990/GovernmentGrantsAmt094638
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0176765
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt08
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt0533
IRS990/InsuranceGrp/TotalAmt0533
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt01573364
IRS990/InvestmentsProgramRelatedGrp/EOYAmt01819070
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0MN
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/NetAssetsOrFundBalancesBOYAmt01573579
IRS990/NetAssetsOrFundBalancesEOYAmt01822070
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0182127
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/PartialLiquidationInd00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt03409
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt02000
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0Nicole West
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900000
IRS990/ProgramServiceRevenueGrp/Desc0Program Investments
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt082127
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt082127
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt046873
IRS990/PYContributionsGrantsAmt094670
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt026028
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt033621
IRS990/PYRevenuesLessExpensesAmt054590
IRS990/PYSalariesCompEmpBnftPaidAmt0800
IRS990/PYTotalExpensesAmt073701
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0128291
IRS990/ReconcilationRevenueExpnssAmt066364
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd01
IRS990/RevenueAmt082127
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt021238
IRS990ScheduleD/ExpensesSubtotalAmt089163
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt021238
IRS990ScheduleD/InvestmentExpensesNotIncldAmt021238
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt093566
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt1945582
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt2779922
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0Money Market
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1Mutual Funds
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2Stock
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0F
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1F
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd2F
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0182127
IRS990ScheduleD/RevenueNotReportedAmt0182127
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt021238
IRS990ScheduleD/RevenueSubtotalAmt0155527
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, 2017, 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 2014.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueProgramRltdAmt01819070
IRS990ScheduleD/TotalExpensesPerForm990Amt0110401
IRS990ScheduleD/TotalRevenuePerForm990Amt0176765
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0337654
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt089163
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Two board members were compensated as officers and were therefore not independent.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Jeff and Jake Leuer 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/ExplanationTxt7The 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 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XII, LINE 2C
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt01573579
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt01822070
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01576773
IRS990/TotalAssetsEOYAmt01822070
IRS990/TotalAssetsGrp/BOYAmt01576773
IRS990/TotalAssetsGrp/EOYAmt01822070
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt094638
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0110401
IRS990/TotalFunctionalExpensesGrp/TotalAmt0110401
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03194
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt03194
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01573579
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01822070
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0110401
IRS990/TotalProgramServiceRevenueAmt082127
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt082127
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0176765
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt029
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01576773
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01822070
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO Box 305
IRS990/USAddress/CityNm0Loretto
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd0553570305
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Nicole West
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum06122013593
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-10-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Loretto Firemen's Relief Association
ReturnHeader/Filer/BusinessNameControlTxt0LORE
ReturnHeader/Filer/EIN0416084217
ReturnHeader/Filer/PhoneNum06122013593
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 305
ReturnHeader/Filer/USAddress/CityNm0Loretto
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd0553570305
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId00EA301DE1542D06C63A463B850769D265AAD43D9
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId075A662867E22D8FAAD50649C2FB55E8664FE9E15
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt064.88.174.3
ReturnHeader/FilingSecurityInformation/IPDt02018-10-12
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm011:05:18
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0411397419
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Abdo Eick & Meyers LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0100 Warren St Ste 600
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Mankato
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd056001
ReturnHeader/PreparerPersonGrp/PhoneNum05076252727
ReturnHeader/PreparerPersonGrp/PreparationDt02018-10-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Thomas J Olinger CPA
ReturnHeader/ReturnTs02018-10-30T12:33:47-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,822,070
Liabilities
$0
Net assets
$1,822,070
Revenue
$176,765
Expenses
$110,401
Net income
$66,364
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
2017Detailed filing. Detailed filing data is available for this year.$1.82$0.00$1.82$0.18$0.11$0.07
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