Bloomington Fire Dept Relief Assoc

Not tax-deductible

Bloomington, MN501(c)(4)Since 1947EIN 41-6026092Revenue $2.4M in FY2025

On file with the IRSbfdra.org10 W 95th St, 55420-4305 · Bloomington, MNTax-exempt since Feb 1974

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Government pension plan.

94¢ of each $1 spent went to programs.
$60K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(4)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 6
filings with a surplus
Average deficit $2.3M a year · 42% of revenue · last 6 filings
Concern: a surplus in 1 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
94%
of spending
Looks good: 94% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$60K
to officers and key staff · 0.7% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
7 mo
of spending, in cash
Looks good: 7.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$723K
0.3% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 9 voting members
Looks good: 6 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.4M
-34% vs prior year
Spent
$9.2M
To programs
94%
Net assets
$254.7M
By yearFY2020–FY2025
Revenue
$2.4M
FY2025▼ -34%
Tap a bar for its year
Revenue by fiscal year
FY2020$6.1M
FY2021$17.7M
FY2022$640K
FY2023$2.4M
FY2024$3.7M
FY2025$2.4M
Expenses
$9.2M
FY2025▲ +5%
Tap a bar for its year
Expenses by fiscal year
FY2020$6.6M
FY2021$7.0M
FY2022$7.4M
FY2023$7.9M
FY2024$8.7M
FY2025$9.2M
Net assets
$254.7M
FY2025▲ +9%
Tap a bar for its year
Net assets by fiscal year
FY2020$214.8M
FY2021$232.4M
FY2022$196.9M
FY2023$217.8M
FY2024$233.6M
FY2025$254.7M

From the FY2025 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 1974.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

94 cents of each dollar spent went to programs.

Program services 94% · $8.6M Management & general 6% · $575K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

10 people listed on the 990; $60K paid to officers and key staff.

Part VII, Section A · reportable compensation
Treasurer
$23,953Pt VII · Sec A
Sectretary
$23,953Pt VII · Sec A
President
$11,976Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Municipal Trustee
$0Pt VII · Sec A
Municipal Trustee
$0Pt VII · Sec A

Compensation history total reportable pay by year · 6 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Dave Malton$23,953$23,255$22,148$21,503——
Chris Morrison$23,953$23,255$22,148$21,503$20,876$20,250
Union Bank and Trust Co—————$20,935
Dave Matlon————$20,876$20,251
Paul Goodwin$11,976$11,628$11,073$10,751$10,439$5,063
John Bayard—————$5,063

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Bloomington Fire Dept Relief Assoc is a membership association based in Bloomington, MN, formed in 1947.

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Provided by the organization

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1 program · $8.6M · in their own filed words · FY2025
01

The association is the administrator of a single-employer defined benefit pension plan available to active and retired bloomington firefighters (327 members).

$8.6Mprogram expense

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$2.4M
Ln 12
Investment incomeLn 3$1.4M
Gifts and grantsLn 1h$1.0M
Money outPt IX
$9.2M
Ln 25
Programscol B$8.6M
Managementcol C$575K
Owns and owesPt X
$254.7M
net assets · Ln 32
Cash and savingsLn 1–2$5.6M
Total assetsLn 16$255.4M
LiabilitiesLn 26$723K
PeoplePt VI, VII
10
listed · VII A
PaidVII A3
Voting boardVI 1a9
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.0M
Government grantsLn 1e$1.0M
Investment incomeLn 3$1.4M
Gains on assetsLn 7$872K
Total revenueLn 12$2.4M
Assets in detailPt X, end of year
CashLn 1$70K
SavingsLn 2$5.5M
Cash and savings togetherLn 1–2$5.6M
InvestmentsLn 11–13$249.9M
Total assetsLn 16$255.4M
LiabilitiesLn 26$723K
Net assetsLn 32$254.7M
OperationsPt I, VI
EmployeesI 517
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$4.6M$5.6M
InvestmentsLn 11–13$229.7M$249.9M
Total assetsLn 16$234.3M$255.4M
LiabilitiesLn 26$663K$723K
Net assetsLn 32$233.6M$254.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Benefits paid to or for membersLn 4$8.6M$8.6M
Pay of current officers, directors and key staffLn 5$60K$60K
Payroll taxesLn 10$5K$5K
Accounting feesLn 11c$39K$39K
Investment management feesLn 11f$412K$412K
Other fees for servicesLn 11g$24K$24K
Office expensesLn 13$7K$7K
Conferences, conventions and meetingsLn 19$23K$23K
InsuranceLn 23$2K$2K
All other expensesLn 24e$2K$2K
Total functional expensesLn 25$9.2M$8.6M$575K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $2.4M$9.2M−$6.7M$254.7M 990 PDF
FY2024 $3.7M$8.7M−$5.0M$233.6M 990 PDF
FY2023 $2.4M$7.9M−$5.4M$217.8M 990 PDF
FY2022 $640K$7.4M−$6.8M$196.9M 990 PDF
FY2021 $17.7M$7.0M$10.7M$232.4M 990 PDF
FY2020 $6.1M$6.6M−$524K$214.8M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $2,446,542 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,176,951$1,019,739
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $1,544,318$1,426,803
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $3,721,269$2,446,542
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $7,983,234$8,593,302
I-15 Salaries and benefitsPrior year $62,585$64,463
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $662,892$510,659
I-18 Total expensesPrior year $8,708,711$9,168,424
I-19 Revenue less expensesPrior year −$4,987,442−$6,721,882
Part VI · Governance 6 of 9 board members independent, 3 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members6
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $2,446,542 across 6 lines filed
VIII-1b Membership dues$9,309
VIII-1e Government grants$1,010,430
VIII-1h Total contributions, gifts and grants$1,019,739
VIII-3 Investment incomeExcluded from tax $555,277$555,277
VIII-7 Net gain or loss on sales of assetsExcluded from tax $871,526$871,526
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $1,426,803$2,446,542
Part IX · Statement of functional expenses $9,168,424 across 10 lines filed
IX-4 Benefits paid to or for membersPrograms $8,593,302$8,593,302
IX-5 Pay of current officers, directors and key staffManagement $59,882$59,882
IX-10 Payroll taxesManagement $4,581$4,581
IX-11c Accounting feesManagement $39,300$39,300
IX-11f Investment management feesManagement $412,279$412,279
IX-11g Other fees for servicesManagement $24,200$24,200
IX-13 Office expensesManagement $7,170$7,170
IX-19 Conferences, conventions and meetingsManagement $23,374$23,374
IX-23 InsuranceManagement $1,836$1,836
IX-24e All other expensesManagement $2,500$2,500
IX-25 Total functional expensesPrograms $8,593,302 · Management $575,122 · Fundraising $0$9,168,424
Part X · Balance sheet $255,437,118 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $60,973$69,985
X-2 Savings and temporary cash investmentsStart of year $4,490,546$5,499,328
X-4 Accounts receivableStart of year $15,914$15,827
X-11 Publicly traded securitiesStart of year $35,700,195$39,982,100
X-12 Other securitiesStart of year $194,021,529$209,869,878
X-16 Total assetsStart of year $234,289,157$255,437,118
X-17 Accounts payable and accrued expensesStart of year $662,764$722,736
X-26 Total liabilitiesStart of year $662,764$722,736
X-27 Net assets without donor restrictionsStart of year $200,518$194,930
X-28 Net assets with donor restrictionsStart of year $233,425,875$254,519,452
X-32 Total net assets or fund balancesStart of year $233,626,393$254,714,382
X-33 Total liabilities and net assetsStart of year $234,289,157$255,437,118
Part XI · Reconciliation of net assets $254,714,382 net assets at year end
XI-1 Total revenue$2,446,542
XI-2 Total expenses$9,168,424
XI-3 Revenue less expenses−$6,721,882
XI-4 Net assets at start of year$233,626,393
XI-5 Net unrealized gains (losses) on investments$27,809,871
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$254,714,382

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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