Onamia Firemans Relief Assocation FY2020 filing

EIN 41-6080057 Mutual-benefit / member-serving Onamia, MN NTEE M24
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Revenue & expenses by yearFY2020–FY2024
Revenue
$15K
FY2020
Expenses
$8K
FY2020

Form 990 for the fiscal year ending December 2020 (IRS tax year 2020).


Provides pensions to volunteer firefighters. For fiscal year 2020 it reported $15K in revenue, $8K in expenses, and $75K in net assets.Pt I

Type
Mutual-benefit / member-serving · Public Safety & Disaster
Location
Onamia, MN
Filings
5 on file (2020–2020)
Revenue
$15KFY2020
Expenses
$8K
Net assets
$75K
People
9
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →
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Provided by the organization

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Size
<$100K
What they do
Provides pensions to volunteer firefighters.
Leadership
Jeffery Strecker · President
Money in and out
$15K revenue, $8K expenses
Bottom line
+48% surplus margin

What Funders Ask

From IRS filings

Tax-deductible?

warning No

Per the IRS master file. Details →

Can I give now?

good No revocation on IRS record

Not on the IRS revocation list. Details →

Filing up to date?

good Filed FY2024 (typical filing lag)

Details →

Size and trend

<$100K

Details →

Not in filings yet: foundation funders · spent on programs

Reported financial activity · FY2020
Total revenue
$15K
Pt VIII · Ln 12
Total expenses
$8K
Pt IX · Ln 25
Net assets
$75K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $7K
Surplus margin
+48%
revenue over expenses, this year

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Summary of the Filing

Part I · fiscal year 2020 · Form 990
Total assets
$415K
FY2020
Total liabilities
$340K
FY2020
Revenue less expensesPt I · Ln 19$7K
Total assetsPt X · Ln 16$415K
Program-expense ratioPt IX · col B—
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item COnamia Firemans Relief Assocation
EINHdr · item D41-6080057
Principal addressHdr · item COnamia, MN
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMN
Exempt statusHdr · item I501(c)(9) · active
NTEE classificationIRS BMFPublic Safety & Disaster (M24)
Ruling yearIRS BMFMar 1999

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b9
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Fire Chief - Ex Officio
$0Pt VII · Sec A
City Official - Ex Officio
$0Pt VII · Sec A
See Onamia Firemans Relief Assocation executive salaries →

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Mission & Programs · Part III

Where the work happens

1 program service, described in the organization's own filed words · FY2020.
01

The purpose of the organization is to provide pension benefits for its members who are volunteer FIREMEN.AS of december 31, 2020 there were twenty (20) active members. Five (5) were fully vested, two (2) were partially vested, and thirteen (13) that were not yet vested. The organization also held deferred pensions for four (4) members.

Pt IX · col B

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Statement of Revenue

Part VIII
Contributions & grants151%$23K
— government grantsLn 1e$23K
Total revenueLn 12$15K

Balance Sheet

Part X · end of year
CashLn 1$39K
Total assetsLn 16$415K
Total liabilitiesLn 26$340K
Total net assetsLn 32$75K
Months of cash on handcomputed59.4

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $415K · Operating expenses/yr $8K
628.2 months
Where the money goes
Program services
Program services — · Total expenses $8K
—
Management & General
Management & general — · Total expenses $8K
—
Fundraising
Fundraising — · Total expenses $8K
—
Cost to raise $1
Fundraising expense — · Solicited contributions —
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $23K · Total revenue $15K
151%
Government reliance
Government grants $23K · Total revenue $15K
151%
Earned-income share
Program service revenue $0 · Total revenue $15K
0%
Investment reliance
Investment income $-8K · Total revenue $15K
-53%
Program self-sufficiency
Program service revenue $0 · Total expenses $8K
0%
Growth & trend
Revenue growth (YoY)
This year $15K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $75K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $15K · Expenses $8K
+48%
Liabilities-to-Assets
Total liabilities — · Total assets $415K
—
Net-asset ratio
Net assets $75K · Total assets $415K
18%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $376K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $415K
91%
People & payroll
Highest Reported Total Compensation
Individual Jeffery Strecker · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $8K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $8K
—
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Fundraising cost ratio 0%——
Investment management fee ratio 0.7%——
Accounting fee ratio 37%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$81K revenue · ⤓ 990 PDF
FY2023$76K revenue · ⤓ 990 PDF
FY2022$35K revenue · ⤓ 990 PDF
FY2021$48K revenue · ⤓ 990 PDF
FY2020$15K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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