Overview
What is Lakeville Volunteer Fire Dept Relief Assn?
Lakeville Volunteer Fire Dept Relief Assn is a nonprofit organization situated in Lakeville, Minnesota, specifically at 20195 Holyoke Ave. Its primary mission is to provide pension benefits for retired firefighters who were members of the Lakeville Municipal Fire Department. This organization receives significant financial support from the state of Minnesota, the City of Lakeville, and investment earnings. With a small team of four employees, Lakeville Volunteer Fire Dept Relief Assn serves as a vital resource for the community's volunteer firefighters, ensuring their well-being and recognition for their dedicated service.
Is Lakeville Volunteer Fire Dept Relief Assn legitimate?
Lakeville Volunteer Fire Dept Relief Assn is a legitimate nonprofit organization registered as a 501(c)(4) entity. Lakeville Volunteer Fire Dept Relief Assn 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: $4,800
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Lakeville Volunteer Fire Dept Relief Assn?
The Lakeville Volunteer Fire Dept Relief Assn exists to provide pension benefits for volunteer firefighters who are members of the Lakeville Municipal Fire Department. The organization relies on three primary revenue sources: state aid from Minnesota, contributions from the City of Lakeville, Minnesota, and investment earnings. The association's primary activity is to ensure the financial security of its eligible volunteer firefighters in retirement, as evidenced by the pension benefits paid to two retirees in 2022. The organization's mission is centered around supporting and acknowledging the dedication and service of volunteer firefighters, providing them with a stable financial future post-retirement.
Who is the CEO of Lakeville Volunteer Fire Dept Relief Assn?
Dan Quam is the Secretary of Lakeville Volunteer Fire Dept Relief Assn.
What is the revenue of Lakeville Volunteer Fire Dept Relief Assn?
Lakeville Volunteer Fire Dept Relief Assn's revenue in 2022 was -$1,668,023.
Who are the executives of Lakeville Volunteer Fire Dept Relief Assn and what are their salaries?
The average compensation at Lakeville Volunteer Fire Dept Relief Assn during 2022 was $1,200. There are 4 employees and 90 volunteers at Lakeville Volunteer Fire Dept Relief Assn.
Here are 7 key members and their salaries:
- Compensation: $2,400
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $600
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $600
- Related: $0
- Other: $0
- Compensation: $1,200
- Related: $0
- Other: $0
Where can I find the form 990 for Lakeville Volunteer Fire Dept Relief Assn?
Lakeville Volunteer Fire Dept Relief Assn's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lakeville Volunteer Fire Dept Relief Assn
Lakeville Volunteer Fire Dept Relief Assn, a nonprofit organization, is established with the primary mission of providing pension benefits for volunteer firefighters who are members of the Lakeville Municipal Fire Department. The association's significance lies in its sources of revenue, which include state aid from Minnesota, financial support from the City of Lakeville, Minnesota, and income generated from investments. This organization serves a crucial role in ensuring the financial security of its volunteer firefighters, offering them a well-deserved retirement benefit. The organization paid pension benefits to two retired firefighters in 2022, demonstrating its commitment to fulfilling its mission.
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Impact
October, 2024
Lakeville Volunteer Fire Dept Relief Assn significantly impacts the community by ensuring the financial security of retired firefighters who dedicated their service to the Lakeville Municipal Fire Department. In 2022, the organization provided pension benefits to two retired firefighters, highlighting its commitment to supporting those who have risked their lives for public safety. Funding for these benefits primarily comes from state aid provided by Minnesota, contributions from the City of Lakeville, and investment earnings, which illustrates a sustainable approach to maintaining the welfare of community heroes. By fulfilling its mission, the association not only honors the contributions of volunteer firefighters but also bolsters morale within the department, fostering a sense of security and appreciation for their vital role in maintaining public safety.
This information is meant to be a general summary of Lakeville Volunteer Fire Dept Relief Assn. 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: -$2,204,035
Assets and Liabilities:
- Total Assets: $11,808,888
- Total Liabilities: $300
- Net Assets: $11,808,588
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Organization Details
Founding Year
2021
Phone
(952) 985-4700Principal Officer
Dan Quam
Main Address
20195 HOLYOKE AVE, LAKEVILLE, MN, 550448339
NTEE Category
Code: M24 - Public safety
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