Lake Park Fire Relief Association FY2022 filing

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.

86¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2022 · 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
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
18 mo
of spending, in cash
Looks good: 17.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$12K
2% of total assets
Looks good: liabilities are 2% 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
$41K
-74% vs prior year
Spent
$88K
To programs
86%
Net assets
$536K
By yearFY2020–FY2024
Revenue
$41K
FY2022▼ -74%
Revenue by fiscal year
FY2020$72K
FY2021$157K
FY2022$41K
FY2023$158K
FY2024$180K
Expenses
$88K
FY2022▼ -23%
Expenses by fiscal year
FY2020$50K
FY2021$114K
FY2022$88K
FY2023$117K
FY2024$93K
Net assets
$536K
FY2022▼ -22%
Net assets by fiscal year
FY2020$575K
FY2021$686K
FY2022$536K
FY2023$645K
FY2024$794K

From the FY2022 Form 990 · see the original

You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

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

86 cents of each dollar spent went to programs.

Program services 86% · $75K Management & general 7% · $6K Fundraising 7% · $6K

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.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Ex-Officio T
$0Pt VII · Sec A
Ex-Officio T
$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 $75K of program spending, described in the organization's own filed words · FY2022.
01

Service pension to retired firefighters

$75Kprogram 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 FY2022 990, line by line.

1The main four
Money inPt VIII
$41K
Ln 12
Gifts and grantsLn 1h$48K
Investment incomeLn 3$18K
Money outPt IX
$88K
Ln 25
Programscol B$75K
Managementcol C$6K
Fundraisingcol D$6K
Owns and owesPt X
$536K
net assets · Ln 32
Cash and savingsLn 1–2$129K
Total assetsLn 16$548K
LiabilitiesLn 26$12K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$48K
Government grantsLn 1e$32K
Investment incomeLn 3$18K
Total revenueLn 12$41K
Assets in detailPt X, end of year
CashLn 1$19K
SavingsLn 2$110K
Cash and savings togetherLn 1–2$129K
InvestmentsLn 11–13$416K
Land, buildings, equipmentLn 10c$388
Total assetsLn 16$548K
LiabilitiesLn 26$12K
Net assetsLn 32$536K
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 FY22End FY22
Cash and savingsLn 1–2$164K$129K
InvestmentsLn 11–13$520K$416K
Land, buildings, equipmentLn 10c$2K$388
Total assetsLn 16$687K$548K
LiabilitiesLn 26$304$12K
Net assetsLn 32$686K$536K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$67K$67K
Benefits paid to or for membersLn 4$58K$58K
Other salaries and wagesLn 7$1K$1K
Accounting feesLn 11c$2K$2K
Investment management feesLn 11f$5K$5K
Office expensesLn 13$53$53
Conferences, conventions and meetingsLn 19$529$529
Other expenses (24a–d)Ln 24−$46K−$55K$3K$6K
Total functional expensesLn 25$88K$75K$6K$6K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $180K$93K$86K$794K 990 PDF
FY2023 $158K$117K$40K$645K 990 PDF
FY2022 Viewing $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 FY2022 990 (4 parts)
Part VIII · Statement of revenue $40,859 across 5 lines filed
Lines not itemized here account for −$25,062 of total revenue; see the IRS return.
VIII-1e Government grants$32,263
VIII-1f All other contributions, gifts and grants$15,326
VIII-1h Total contributions, gifts and grants$47,589
VIII-3 Investment incomeExcluded from tax $18,332$18,332
VIII-12 Total revenueUnrelated business −$35,431 · Excluded from tax $28,701$40,859
Part IX · Statement of functional expenses $87,948 across 8 lines filed
IX-1 Grants to domestic organizationsPrograms $67,015$67,015
IX-4 Benefits paid to or for membersPrograms $58,200$58,200
IX-7 Other salaries and wagesManagement $1,200$1,200
IX-11c Accounting feesManagement $1,550$1,550
IX-11f Investment management feesPrograms $5,124$5,124
IX-13 Office expensesManagement $53$53
IX-19 Conferences, conventions and meetingsManagement $529$529
IX-24 Other expenses (24a–d)Programs −$54,960 · Management $2,932 · Fundraising $6,305−$45,723
IX-25 Total functional expensesPrograms $75,379 · Management $6,264 · Fundraising $6,305$87,948
Part X · Balance sheet $547,671 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $46,344$18,842
X-2 Savings and temporary cash investmentsStart of year $117,953$110,247
X-4 Accounts receivableStart of year $1,000$2,000
X-9 Prepaid expenses and deferred charges$300
X-10c Land, buildings and equipment, netStart of year $1,937$388
X-11 Publicly traded securitiesStart of year $519,500$415,894
X-16 Total assetsStart of year $686,734$547,671
X-25 Other liabilitiesStart of year $304$11,652
X-26 Total liabilitiesStart of year $304$11,652
X-32 Total net assets or fund balancesStart of year $686,430$536,019
X-33 Total liabilities and net assetsStart of year $686,734$547,671
Part XI · Reconciliation of net assets $536,019 net assets at year end
XI-1 Total revenue$40,859
XI-2 Total expenses$87,948
XI-3 Revenue less expenses−$47,089
XI-4 Net assets at start of year$686,430
XI-5 Net unrealized gains (losses) on investments−$101,773
XI-9 Other changes in net assets−$1,549
XI-10 Net assets at end of year$536,019

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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