Overview
What is The Hastings Fire Department Relief Association?
The Hastings Fire Department Relief Association is a nonprofit organization situated in Hastings, Minnesota, at 115 WEST 5TH STREET. Its primary mission is to provide pension and disability benefits to its members. The association accumulates resources for these benefits through contributions from the City of Hastings, as mandated by law, and also from a 2% insurance premium tax and amortization aid from the State of Minnesota. The net assets of this Special Pension Trust Fund are managed in trust, specifically for the purpose of pension benefits.
Is The Hastings Fire Department Relief Association legitimate?
The Hastings Fire Department Relief Association is a legitimate nonprofit organization registered as a 501(c)(4) entity. The Hastings Fire Department 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:
Executive Compensation: $8,070
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of The Hastings Fire Department Relief Association?
The Hastings Fire Department Relief Association's primary mission is to provide pension and disability benefits to its association members. To achieve this, they have established a Special Pension Trust Fund. This fund collects resources through contributions from the city of Hastings, a 2% insurance premium tax, and amortization aid from the state of Minnesota. The net assets of this trust fund are held in trust, intended for the future payment of retirement, dependency, and disability annuities to eligible members. The association's mission is dedicated to securing financial support for its members in their retirement and during periods of disability.
What is the revenue of The Hastings Fire Department Relief Association?
The Hastings Fire Department Relief Association's revenue in 2022 was $348,861.
Who are the executives of The Hastings Fire Department Relief Association and what are their salaries?
There 4 volunteers at The Hastings Fire Department Relief Association.
Here are 9 key members and their salaries:
- Compensation: $3,156
- Related: $0
- Other: $0
- Compensation: $1,340
- Related: $0
- Other: $0
- Compensation: $1,100
- Related: $0
- Other: $0
- Compensation: $990
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $990
- Related: $0
- Other: $0
Where can I find the form 990 for The Hastings Fire Department Relief Association?
The Hastings Fire Department Relief Association's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Hastings Fire Department Relief Association
The Hastings Fire Department Relief Association is dedicated to providing pension and disability benefits to its association members. To achieve this mission, the organization has established a Special Pension Trust Fund. This fund serves as a reservoir of resources, accumulated for the purpose of making retirement, dependency, and disability annuity payments to eligible members at appropriate times in the future. The resources contributing to this fund come from multiple sources. The City of Hastings contributes a specified amount determined by law, while additional funds are drawn from a 2% insurance premium tax and amortization aid from the State of Minnesota. The net assets of the Special Pension Trust Fund are safeguarded in trust, solely for the benefit of the pension payments. This mission of The Hastings Fire Department Relief Association underscores its commitment to the well-being and financial security of its members throughout their retirement and in the event of disability.
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Impact
October, 2024
The Hastings Fire Department Relief Association plays a crucial role in ensuring the financial security of its members through the provision of pension and disability benefits. By managing a Special Pension Trust Fund, the Association accumulates resources dedicated to supporting firefighters in their retirement, dependency, and disability needs. Contributions from the City of Hastings, mandated by law, along with funds generated from the 2% insurance premium tax and amortization aid from the state, bolster this fund.
By safeguarding these resources, the Association provides peace of mind to firefighters and their families. It ensures that they receive appropriate benefits at crucial stages in their lives, particularly during retirement or in the event of disability. This support not only enhances the quality of life for individual members but also strengthens the overall morale and stability within the Hastings public safety community, fostering a culture of care and responsibility among those who serve.
This information is meant to be a general summary of The Hastings Fire Department 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 2022.
- Investment Income: $97,056
- Gross Receipts: $379,997
Assets and Liabilities:
- Total Assets: $4,890,430
- Total Liabilities: $0
- Net Assets: $4,890,430
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Organization Details
Founding Year
1924
Principal Officer
Alan E Storlie
NTEE Category
Code: M24 - Public safety
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