2024-11-15T12:02:04-06:00 2023-12-31 411690382 Malloy Montague Karnowski Radosevich 5353 Wayzata Blvd Ste 410 Minneapolis MN 55416 990 2023-01-01 416040236 Savage Fire Department Firemen's Relief & Pension Association SAVA 6513071385 14321 OConnell Road Savage MN 55378 Dan Giles President 9528822689 2024-11-13 1 0 Keegan J Leonard P01786082 9525450424 2024-11-13 2023 2024-10-15 13:58:12Z Dan Giles 14321 OConnell Road Savage MN 55378 384713 0 X N/A X 1958 MN To monitor and disburse fireperson pensions 8 5 0 50 0 0 239011 276876 0 0 106135 107837 0 0 345146 384713 150 0 635563 747839 3000 3000 0 0 0 79439 87538 718152 838377 -373006 -453664 7315647 7681580 22585 8849 7293062 7672731 To provide retirement relief and other benefits to its members and dependents. 0 0 747839 To collect, invest, account for and distribute pension funds for a specified firefighters group. The Organization has 36 active firefighters and 38 beneficiaries including retirees or widows currently receiving or entitled to benefits but not receiving them yet. 747839 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 46 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 8 5 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 0 0 1 0 MN X Dan Giles 9528822689 14321 OConnell Road Savage MN 55378 Dan Giles President 1.00 X X 1000 0 0 Aaron Price Secretary 1.00 X X 1000 0 0 Randy Beh Treasurer 10.00 X X 0 0 0 Rachel Stern Trustee 1.00 X 0 0 0 Jeremie Bresnahan Fire Chief/Ex Officio 1.00 X 0 0 0 Brad Larson Administrator/Ex Officio 1.00 X 0 0 0 Janet Williams City Mayor/Ex Officio 1.00 X 0 0 0 Steve Goebel Vice President 1.00 X X 0 0 0 2000 0 0 0 0 0 0 0 11896 264980 276876 107837 107837 384713 0 0 107837 747839 747839 2000 2000 1000 1000 17856 17856 43873 43873 1022 1022 492 492 Penelties 8625 8625 Christmas Party 5703 5703 Gifts and donations 4199 4199 Severance Pay 4030 4030 1738 1738 838377 747839 90538 0 21875 16904 226363 145389 175 262980 3909210 3526697 3158024 3729610 7315647 7681580 22585 8849 22585 8849 X 22049 16904 0 0 7271013 7655827 7293062 7672731 7315647 7681580 -453664 833333 0 X X 0 1 X 1 0 0 MN State Board of Investment - Balanced Fund 3729610 F 3729610 X 1174173 833333 833333 340840 43873 43873 384713 794504 0 794504 43873 43873 838377 Part X, Line 2: The Association has been classified as tax exempt under Section 501(c)(4) of the Internal Revenue Code. The Association is subject to a tax on income from any unrelated business. The Association is subject to the recognition requirements for uncertain income tax positions as required by the Financial Accounting Standards Board Accounting Standards Codification 740-10. Income tax benefits are recognized for income tax positions taken or expected to be taken in a tax return, only when it is determined that the income tax position will more likely than not be sustained upon examination by taxing authorities. The Association has analyzed tax positions taken for filing with the Internal Revenue Service and the state jurisdiction where it operates. The Association believes that income tax filing positions will be sustained upon examination and does not anticipate any adjustments that would result in a material adverse effect on the Association's financial condition, results of operations, or cash flows. Accordingly, the Association has not recorded any reserves, or related accruals for interest and penalties for uncertain income tax positions at year-end. The Association is subject to routine audits by taxing jurisdictions; however, there are currently no audits in progress for any tax open tax periods. Form 990, Part VI, Section B, line 11b Upon completion of the draft tax return, it is reviewed in its entirety by the fire relief's treasurer. After comments are updated on the draft return, the return is finalized and filed. The as-filed Form 990 is presented to the Board and discussed at the first board meeting after filing. Form 990, Part VI, Section B, line 12c Per Minnesota State Statute, each member of the governing board of a covered pension plan and the Chief Administrative Officer of the plan shall file with the plan a statement of economic interest. The statement must contain information that the governing board of the plan determines is necessary to disclose a reasonably foreseeable potential or actual conflict of interest. Information such as the individual's principal occupation, place of business, ownership greater than 10% of a business or any relationship or financial arrangement are addressed on the form. If a conflict of interest is noted the governing board will take action to ensure all proper steps are followed. This statement must be filed annually. The current year statements were obtained from all necessary individuals and were completed properly, with no noted conflicts of interest for the Savage Fire Department Firefighters' Pension and Relief Association governing board. Form 990, Part VI, Section B, line 15b Compensation is discussed at meetings and voted on by the body. Form 990, Part VI, Section C, line 19 These items are available upon request to the public. FORM 990, PART XII, LINE 2C: The Board of Trustees of the Association provides oversight of the audit, financial reports, and selection of the independent auditor, This process has not changed from the prior year. Related organization compensation Made an effort to obtain information regarding any compensation paid from a related organization. No response received and no transaction noted. City of Savage 6000 McColl Drive Savage MN 55378 416005535 To contribute to the defined benefit plan according to MN Statute 69.772 MN 501(c)(1) N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0