Lake Park Fire Relief Association

Lake Park, MNUnknown exempt organizationEIN 45-5166312

Volunteer fire department relief association. Has special fund which is used to pay service pensions to volunteer firefighters, general fund used for fundraising and general activities.

89¢ of each $1 spent went to programs.
Run by 22 volunteers and 6 employees.
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
4 of 5
filings with a surplus
Average surplus $29K a year · 24% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$8K
to officers and key staff · 8% of spending
Looks good: pay to officers and key staff is 8% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
31 mo
of spending, in cash
Looks good: 30.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 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
$180K
+14% vs prior year
Spent
$93K
To programs
89%
Net assets
$794K
By yearFY2020–FY2024
Revenue
$180K
FY2024▲ +14%
Revenue by fiscal year
FY2020$72K
FY2021$157K
FY2022$41K
FY2023$158K
FY2024$180K
Expenses
$93K
FY2024▼ -21%
Expenses by fiscal year
FY2020$50K
FY2021$114K
FY2022$88K
FY2023$117K
FY2024$93K
Net assets
$794K
FY2024▲ +23%
Net assets by fiscal year
FY2020$575K
FY2021$686K
FY2022$536K
FY2023$645K
FY2024$794K

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

89 cents of each dollar spent went to programs.

Program services 89% · $83K Management & general 11% · $10K

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

Who runs it and what they're paid

9 people listed on the 990; $8K paid to officers and key staff.

Part VII, Section A · reportable compensation
$7,200Pt VII · Sec A
Treasurer
$600Pt VII · Sec A
Trustee
$0Pt VII · Sec A
City Clerk
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023
John Beaudine$7,200$7,200
Jon Anderson$600$600

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.

See Lake Park Fire Relief Association 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 pensions and support for volunteer firefighters.

Provided by the organization

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1 program service account for $83K of program spending, described in the organization's own filed words · FY2024.
01

Service pension to retired firefighters

$83Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 10 grants · $263K · 2021–2024
City of Lake ParkFY2024$48,698
Lake Park Audubon SchoolsFY2024$26,950
City of Lake ParkFY2023$35,579
Lake Park Audubon SchoolsFY2023$23,450
American Legion Post 181MN · FY2023$20,000
City of Lake ParkFY2022$30,000
Lake Park SchoolsFY2022$24,960
City of Lake ParkFY2022$12,055
City of Lake ParkFY2021$35,000

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$180K
Ln 12
Other incomeLn 4–11$117K
Gifts and grantsLn 1h$43K
Investment incomeLn 3$20K
Money outPt IX
$93K
Ln 25
Programscol B$83K
Managementcol C$10K
Owns and owesPt X
$794K
net assets · Ln 32
Cash and savingsLn 1–2$239K
Total assetsLn 16$794K
LiabilitiesLn 26$0
PeoplePt VI, VII
9
listed · VII A
PaidVII A2
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$43K
Government grantsLn 1e$43K
Investment incomeLn 3$20K
Other incomeLn 4–11$117K
Total revenueLn 12$180K
Assets in detailPt X, end of year
CashLn 1$64K
SavingsLn 2$175K
Cash and savings togetherLn 1–2$239K
InvestmentsLn 11–13$555K
Total assetsLn 16$794K
LiabilitiesLn 26$0
Net assetsLn 32$794K
OperationsPt I, VI
EmployeesI 56
VolunteersI 622
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$156K$239K
InvestmentsLn 11–13$488K$555K
Total assetsLn 16$645K$794K
LiabilitiesLn 26$0$0
Net assetsLn 32$645K$794K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$82K$82K
Pay of current officers, directors and key staffLn 5$600$600
Accounting feesLn 11c$2K$2K
Investment management feesLn 11f$6K$6K
Office expensesLn 13$326$326
Conferences, conventions and meetingsLn 19$2K$2K
Other expenses (24a–d)Ln 24$2K$1K$152
Total functional expensesLn 25$93K$83K$10K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $180K$93K$86K$794K 990 PDF
FY2023 $158K$117K$40K$645K 990 PDF
FY2022 $41K$88K−$47K$536K 990 PDF
FY2021 $157K$114K$43K$686K 990 PDF
FY2020 $72K$50K$22K$575K 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 $179,629 across 5 lines filed
Lines not itemized here account for $95,460 of total revenue; see the IRS return.
VIII-1e Government grants$43,265
VIII-1h Total contributions, gifts and grants$43,265
VIII-3 Investment incomeExcluded from tax $19,669$19,669
VIII-8 Net income from fundraising eventsExcluded from tax $21,235$21,235
VIII-12 Total revenueUnrelated business $87,256 · Excluded from tax $49,108$179,629
Part IX · Statement of functional expenses $93,284 across 7 lines filed
IX-1 Grants to domestic organizationsPrograms $81,648$81,648
IX-5 Pay of current officers, directors and key staffManagement $600$600
IX-11c Accounting feesManagement $1,800$1,800
IX-11f Investment management feesManagement $5,828$5,828
IX-13 Office expensesManagement $326$326
IX-19 Conferences, conventions and meetingsManagement $1,582$1,582
IX-24 Other expenses (24a–d)Programs $1,348 · Management $152$1,500
IX-25 Total functional expensesPrograms $82,996 · Management $10,288 · Fundraising $0$93,284
Part X · Balance sheet $794,443 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $58,603$63,861
X-2 Savings and temporary cash investmentsStart of year $97,564$175,163
X-11 Publicly traded securitiesStart of year $487,780$555,419
X-16 Total assetsStart of year $644,947$794,443
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $644,947$794,443
X-33 Total liabilities and net assetsStart of year $644,947$794,443
Part XI · Reconciliation of net assets $794,443 net assets at year end
XI-1 Total revenue$179,629
XI-2 Total expenses$93,284
XI-3 Revenue less expenses$86,345
XI-4 Net assets at start of year$644,947
XI-5 Net unrealized gains (losses) on investments$54,333
XI-8 Prior period adjustments$8,818
XI-10 Net assets at end of year$794,443

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

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