Backus Firemen's Relief Assoc

Backus, MNUnknown exempt organizationEIN 41-6028902

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To provide retirement and survivor benefits to volunteer firefighters of the Backus fire department.

9¢ of each $1 spent went to programs.
Run by 23 volunteers.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $44K a year · 55% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
9%
of spending
Concern: 9% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
65 mo
of spending, in cash
Looks good: 64.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$5K
0.5% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$102K
+6% vs prior year
Spent
$30K
To programs
9%
Net assets
$1.0M
By yearFY2020–FY2024
Revenue
$102K
FY2024▲ +6%
Revenue by fiscal year
FY2020$63K
FY2021$74K
FY2022$68K
FY2023$97K
FY2024$102K
Expenses
$30K
FY2024▼ -55%
Expenses by fiscal year
FY2020$25K
FY2021$45K
FY2022$17K
FY2023$65K
FY2024$30K
Net assets
$1.0M
FY2024▲ +15%
Net assets by fiscal year
FY2020$788K
FY2021$854K
FY2022$792K
FY2023$890K
FY2024$1.0M

From the FY2024 Form 990 · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

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

Where the money goes

9 cents of each dollar spent went to programs.

Program services 9% · $3K Management & general 91% · $27K

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

6 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Backus Firemen's Relief Assoc executive salaries →

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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

Provides retirement and survivor benefits to volunteer firefighters.

Provided by the organization

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1 program service account for $3K of program spending, described in the organization's own filed words · FY2024.
01

To provide retirement and survivor benefits to volunteer firefighters of the backus fire department.

$3Kprogram expense

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By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$102K
Ln 12
Gifts and grantsLn 1h$54K
Other incomeLn 4–11$26K
Investment incomeLn 3$22K
Money outPt IX
$30K
Ln 25
Programscol B$3K
Managementcol C$27K
Owns and owesPt X
$1.0M
net assets · Ln 32
Cash and savingsLn 1–2$159K
Total assetsLn 16$1.0M
LiabilitiesLn 26$5K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$54K
Government grantsLn 1e$43K
Investment incomeLn 3$22K
Other incomeLn 4–11$26K
Total revenueLn 12$102K
Assets in detailPt X, end of year
CashLn 1$71K
SavingsLn 2$88K
Cash and savings togetherLn 1–2$159K
InvestmentsLn 11–13$872K
Total assetsLn 16$1.0M
LiabilitiesLn 26$5K
Net assetsLn 32$1.0M
OperationsPt I, VI
EmployeesI 50
VolunteersI 623
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$293K$159K
InvestmentsLn 11–13$597K$872K
Total assetsLn 16$890K$1.0M
LiabilitiesLn 26$760$5K
Net assetsLn 32$890K$1.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Benefits paid to or for membersLn 4$1K$1K
Accounting feesLn 11c$11K$11K
Investment management feesLn 11f$10K$10K
Conferences, conventions and meetingsLn 19$1K$1K
Other expenses (24a–d)Ln 24$6K$1K$5K
Total functional expensesLn 25$30K$3K$27K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $102K$30K$73K$1.0M 990 PDF
FY2023 $97K$65K$32K$890K 990 PDF
FY2022 $68K$17K$51K$792K 990 PDF
FY2021 $74K$45K$29K$854K 990 PDF
FY2020 $63K$25K$38K$788K 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $102,438 across 6 lines filed
VIII-1e Government grants$42,713
VIII-1f All other contributions, gifts and grants$11,000
VIII-1h Total contributions, gifts and grants$53,713
VIII-3 Investment incomeExcluded from tax $22,258$22,258
VIII-8 Net income from fundraising eventsExcluded from tax $26,467$26,467
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $48,725$102,438
Part IX · Statement of functional expenses $29,514 across 5 lines filed
IX-4 Benefits paid to or for membersPrograms $1,406$1,406
IX-11c Accounting feesManagement $11,374$11,374
IX-11f Investment management feesManagement $9,921$9,921
IX-19 Conferences, conventions and meetingsManagement $1,020$1,020
IX-24 Other expenses (24a–d)Programs $1,250 · Management $4,543$5,793
IX-25 Total functional expensesPrograms $2,656 · Management $26,858 · Fundraising $0$29,514
Part X · Balance sheet $1,031,047 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $46,450$70,661
X-2 Savings and temporary cash investmentsStart of year $246,268$88,249
X-11 Publicly traded securitiesStart of year $596,618$872,137
X-16 Total assetsStart of year $890,336$1,031,047
X-17 Accounts payable and accrued expensesStart of year $760$5,278
X-26 Total liabilitiesStart of year $760$5,278
X-27 Net assets without donor restrictionsStart of year $46,450$66,143
X-28 Net assets with donor restrictionsStart of year $843,126$959,626
X-32 Total net assets or fund balancesStart of year $889,576$1,025,769
X-33 Total liabilities and net assetsStart of year $890,336$1,031,047
Part XI · Reconciliation of net assets $1,025,769 net assets at year end
XI-1 Total revenue$102,438
XI-2 Total expenses$29,514
XI-3 Revenue less expenses$72,924
XI-4 Net assets at start of year$889,576
XI-5 Net unrealized gains (losses) on investments$63,269
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,025,769

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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