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Lake Park Fire Relief Association FY2023 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.

92¢ of each $1 spent went to programs.
$8K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
Is it filing on time?
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 years looks good.
IRS e-file · Filing history
Is it financially stable?
4 of 5
years in the black
Worth a look: 1 of the last 5 filings shows a deficit.
Pt I · Ln 19 · 5 filings
How much reaches the programs?
92%
of spending
Looks good: 92% of spending went to programs; 75% or more looks good.
Pt IX · Ln 25 · col B
What are leaders paid?
$8K
to officers and key staff · 7% of spending
Looks good: leaders' pay is 7% of spending; 15% or less looks good.
Pt VII · Sec A
Do they have reserves?
16 mo
of spending, in cash
Looks good: 15.9 months of spending in cash; 3 or more looks good.
Pt X · Ln 1–2 · Pt I · Ln 18
Do they carry debt?
$0
liabilities
Looks good: debts are 0% of assets; 50% or less looks good.
Pt X · Ln 26
Who oversees it?
9
independent of 9 voting board members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodWorth a lookConcernTap a box for the reason.
Revenue
$158K
+287% vs prior year
Spent
$117K
To programs
92%
Net assets
$645K
By yearFY2020–FY2024
Revenue
$158K
FY2023▲ +287%
Revenue by fiscal year
FY2020$72K
FY2021$157K
FY2022$41K
FY2023$158K
FY2024$180K
Expenses
$117K
FY2023▲ +34%
Expenses by fiscal year
FY2020$50K
FY2021$114K
FY2022$88K
FY2023$117K
FY2024$93K
Net assets
$645K
FY2023▲ +20%
Net assets by fiscal year
FY2020$575K
FY2021$686K
FY2022$536K
FY2023$645K
FY2024$794K

From the FY2023 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Not on file
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CLake Park Fire Relief Association
EINHdr · item D45-5166312
Exempt statusHdr · item I501(c)(3) · active
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CLake Park, MN
NTEE classificationIRS BMFNonprofit

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.92 Management & general $0.08
Program services92%$108K
Management & general8%$10K
Total functional expensesLn 25$117K

Financial health

Is it on solid ground?

Surplus margin
+26%
revenue over expenses, this year
Program spending
92%
of expenses reach programs

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Total assets
$645K
FY2023▲ +18%
Total assets by fiscal year
FY2020$575K
FY2021$687K
FY2022$548K
FY2023$645K
FY2024$794K
Total liabilities
$0
FY2023▼ -100%
Total liabilities by fiscal year
FY2020$190
FY2021$304
FY2022$12K
FY2023$0
FY2024$0
Revenue less expensesPt I · Ln 19$40K
Total assetsPt X · Ln 16$645K
Program-expense ratioPt IX · col B92%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49

Balance Sheet

Part X · end of year
CashLn 1$156K
Total assetsLn 16$645K
Total liabilitiesLn 26$0
Total net assetsLn 32$645K
Months of cash on handcomputed15.9

Statement of Revenue

Part VIII
Other revenue$109K · 69%
Contributions & grants$36K · 23%
Investment income$14K · 9%
Other revenue69%$109K
Contributions & grants23%$36K
Investment income9%$14K
— government grantsLn 1e$36K
Total revenueLn 12$158K

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $644K · Operating expenses/yr $117K
65.8 months
Where the money goes
Program services
Program services $108K · Total expenses $117K
92%
Management & General
Management & general $10K · Total expenses $117K
8%
Fundraising
Fundraising $0 · Total expenses $117K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $2K · Solicited contributions (3-yr avg) $5K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $36K · Total revenue $158K
23%
Government reliance
Government grants $36K · Total revenue $158K
23%
Earned-income share
Program service revenue $0 · Total revenue $158K
0%
Investment reliance
Investment income $14K · Total revenue $158K
+9%
Program self-sufficiency
Program service revenue $0 · Total expenses $117K
0%
Growth & trend
Revenue growth (YoY)
This year $158K · Prior year $41K
+287%
Net-asset trend (YoY)
End of year $645K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $158K · Expenses $117K
+26%
Liabilities-to-Assets
Total liabilities — · Total assets $645K
—
Net-asset ratio
Net assets $645K · Total assets $645K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $488K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $645K
76%
People & payroll
Highest Reported Total Compensation
Individual John Beaudine · Reported title EX-OFFICIO T · Highest reported compensation $7K · Total expenses $117K
6%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $600 · Total expenses $117K
0.5%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 92%——
Overhead ratio 8%——
Fundraising cost ratio 0%——
Revenue growth 287%——
Investment management fee ratio 0.8%——
Accounting fee ratio 3%——

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.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
John Beaudine
Ex-Officio T
$7,200Pt VII · Sec A
Jon Anderson
Treasurer
$600Pt VII · Sec A
Brian Kuntz
Secretary
$0Pt VII · Sec A
Chris Dosh
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
Sarah Mikkelson
Ex-Officio T
$0Pt VII · Sec A
Mark Palm
President
$0Pt VII · Sec A
Dave Coufal
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.

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Governance & Policies

Part VI
  • 9Voting board membersPt VI · Ln 1a
  • 9Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aNo
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Provides pensions and support for volunteer firefighters.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

1 program service account for $108K of program spending, described in the organization's own filed words · FY2023.
01

Service pension to retired firefighters

$108Kprogram 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
Lake Park Area Lakes Emergency Response Team INCMN · FY2024$6,000
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

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 Latest $180K$93K+14% 990 PDF
FY2023 Viewing $158K$117K+287% 990 PDF
FY2022 $41K$88K-74% 990 PDF
FY2021 $157K$114K+119% 990 PDF
FY2020 $72K$50K 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

Full filing: Form 990 for FY2023

Every line we hold from the return, cited to its Part and line.
Part IX · Statement of functional expenses $117,495 across 8 lines filed
IX-1 Grants to domestic organizationsPrograms $79,029$79,029
IX-4 Benefits paid to or for membersPrograms $25,150$25,150
IX-7 Other salaries and wagesManagement $600$600
IX-11c Accounting feesManagement $3,400$3,400
IX-11f Investment management feesManagement $4,864$4,864
IX-13 Office expensesManagement $316$316
IX-19 Conferences, conventions and meetingsManagement $455$455
IX-24 Other expenses (24a–d)Programs $3,681$3,681
IX-25 Total functional expensesPrograms $107,860 · Management $9,635 · Fundraising $0$117,495

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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