Overview
What is Tower Firemens Relief Association?
Tower Firemens Relief Association is a nonprofit organization situated in Tower, Minnesota. Their primary mission is to manage a defined benefit pension plan for its members. The association has transferred its pension funds to the Public Employee Retirement Association of Minnesota for retirement purposes. Beyond its pension-related duties, the association also utilizes revenue derived from gambling activities for community enrichment and charitable donations. With a workforce of five individuals, Tower Firemens Relief Association contributes to the welfare of its members and the broader community.
Is Tower Firemens Relief Association legitimate?
Tower Firemens Relief Association is a legitimate nonprofit organization registered as a 501(c)(4) entity. Tower Firemens Relief Association submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Tower Firemens Relief Association?
The Tower Firemens Relief Association's primary mission is to manage a defined benefit pension plan for its members. Originally, the association oversaw these pension funds. However, they have transferred these funds to the Public Employee Retirement Association of Minnesota for the retirement of its members. Besides this pension administration role, the association also utilizes proceeds derived from their gambling activities for the betterment of the community and for charitable contributions.
What is the revenue of Tower Firemens Relief Association?
Tower Firemens Relief Association's revenue in 2023 was $11,463.
Who are the executives of Tower Firemens Relief Association and what are their salaries?
There are 5 employees at Tower Firemens Relief Association.
Here are 8 key members and their salaries:
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Where can I find the form 990 for Tower Firemens Relief Association?
Tower Firemens Relief Association's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Tower Firemens Relief Association
The Tower Firemens Relief Association, as its mission, focuses on managing a defined benefit pension plan for its association members. This role involves providing retirement benefits to the members of the association, ensuring their financial security upon retirement. Beyond its pension administration duties, the organization also utilizes funds generated from gambling activities for community enrichment and charitable donations. By engaging in such philanthropic endeavors, the Tower Firemens Relief Association contributes to the betterment of its surrounding community and supports various charitable causes.
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Impact
October, 2024
Tower Firemens Relief Association plays a crucial role in supporting the financial security of its members through the administration of a defined benefit pension plan. By transferring pension funds to the Public Employee Retirement Association of Minnesota, the organization ensures that its members receive reliable retirement benefits. Additionally, proceeds from its gambling activities are strategically utilized for community enrichment and charitable donations, significantly benefiting the local area. This dual focus not only supports firefighters in their post-career life but also contributes to the overall well-being and development of the Tower community.
This information is meant to be a general summary of Tower Firemens Relief Association. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $1
- Gross Receipts: $1,131,255
Assets and Liabilities:
- Total Assets: $10,333
- Total Liabilities: $0
- Net Assets: $10,333
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Organization Details
Founding Year
1943
Principal Officer
Steven Olson
NTEE Category
Code: Z99 - Unknown
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