Belmond Fire Dept Foundation
Belmond Fire Dept Foundation maintains strong asset base with fluctuating revenue and no officer compensation.
EIN: 204403842 · Belmond, IA · NTEE: M24 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $83K |
| Total Expenses | $26K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $718,078. |
| Net Assets | $718K |
| Transparency Score | 90/100 |
Is Belmond Fire Dept Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Belmond Fire Dept Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Belmond Fire Dept Foundation
Belmond Fire Dept Foundation (EIN: 204403842) is a nonprofit organization based in Belmond, IA, classified under NTEE code M24. The organization reported total revenue of $83K and total assets of $752K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Belmond Fire Dept Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Belmond Fire Dept Foundation is a micro nonprofit that has been operating for 13 years, with 6 years of IRS 990 filings on record (2018–2023). Revenue has grown at a compound annual rate of -43.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $61K |
| Total Expenses | $26K |
| Surplus / Deficit | +$35K |
| Total Assets | $718K |
| Net Assets | $718K |
| Operating Margin | 57.1% |
| Months of Reserves | 328.1 months |
Financial Health Grade: A
In 2023, Belmond Fire Dept Foundation reported a surplus of $35K with revenue exceeding expenses, holds 328.1 months of operating reserves (strong position).
Financial Trends
Over 6 years of filings (2018–2023), Belmond Fire Dept Foundation's revenue has declined at a compound annual growth rate (CAGR) of -43.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +9.1% | -36.9% | +5.1% |
| 2022 | -23.5% | -12.3% | +2.2% |
| 2021 | +0.3% | -68.8% | +4.0% |
| 2020 | -58.8% | -74.6% | -10.9% |
| 2019 | -83.3% | +752.5% | -36.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2013 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Belmond Fire Dept Foundation with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Belmond Fire Dept Foundation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $35K, with revenue exceeding expenses.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation, indicating that its leadership is entirely volunteer-based, which is highly efficient for an organization of its size with assets of $718,078.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Belmond Fire Dept Foundation's IRS 990 filings:
- Significant year-over-year revenue volatility (e.g., $1,064,355 in 2018 to $61,206 in 2023)
- Expenses exceeded revenue in 2019 ($598,341 expenses vs. $177,651 revenue) and 2020 ($151,726 expenses vs. $73,178 revenue), leading to asset reduction in those periods.
Strengths
The following positive indicators were identified for Belmond Fire Dept Foundation:
- Consistent growth in assets over the last three years ($668,616 in 2021 to $718,078 in 2023).
- Zero reported liabilities across all six filing periods, indicating strong financial health.
- 0% officer compensation, demonstrating a highly volunteer-driven and efficient leadership structure.
- Consistent filing of IRS Form 990s, indicating good transparency.
- Generally low expenses relative to revenue in recent years (e.g., $26,260 expenses vs. $61,206 revenue in 2023).
Frequently Asked Questions about Belmond Fire Dept Foundation
Is Belmond Fire Dept Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Belmond Fire Dept Foundation (EIN: 204403842) some concerns. Mission Score: 90/100. 2 red flags identified, 5 strengths noted.
How does Belmond Fire Dept Foundation spend its money?
Belmond Fire Dept Foundation directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Belmond Fire Dept Foundation tax-deductible?
Belmond Fire Dept Foundation is registered as a tax-exempt nonprofit (EIN: 204403842). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Belmond Fire Dept Foundation CEO make?
Belmond Fire Dept Foundation's highest-compensated officer earns $718,078. annually. The organization reported $83K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Belmond Fire Dept Foundation's spending goes to programs?
Belmond Fire Dept Foundation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Belmond Fire Dept Foundation compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Belmond Fire Dept Foundation is above average for NTEE category M24 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Belmond Fire Dept Foundation located?
Belmond Fire Dept Foundation is headquartered in Belmond, Iowa and files with the IRS under EIN 204403842. It is classified under NTEE code M24.
How many years of IRS 990 filings does Belmond Fire Dept Foundation have?
Belmond Fire Dept Foundation has 6 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $83K in total revenue.
Is the Belmond Fire Dept Foundation financially stable?
Yes, the foundation appears financially stable. Despite revenue fluctuations, it has consistently maintained a strong asset base, reaching $718,078 in 2023, and has reported no liabilities across all six filings.
How efficient is the Belmond Fire Dept Foundation with its spending?
The foundation appears efficient, especially given its 0% officer compensation. While specific program spending details aren't provided, the overall expense levels in recent years (e.g., $26,260 in 2023 against $61,206 revenue) suggest a good portion of funds are available for its mission.
What caused the significant revenue drop from 2018 to 2019?
The IRS 990 data shows a substantial drop in revenue from $1,064,355 in 2018 to $177,651 in 2019. Without further details from the filings, it's difficult to pinpoint the exact cause, but it could be due to a large one-time donation or grant in 2018 that was not repeated.
Filing History
IRS 990 filing history for Belmond Fire Dept Foundation showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2018–2023), Belmond Fire Dept Foundation's revenue has declined by 94.2%, moving from $1.1M to $61K. Total assets decreased by 37.1% over the same period, from $1.1M to $718K. Total functional expenses fell by 62.6%, from $70K to $26K. In its most recent filing year (2023), Belmond Fire Dept Foundation reported a surplus of $35K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $61K | $26K | $718K | $0 | — | — |
| 2022 | $56K | $42K | $683K | $0 | — | — |
| 2021 | $73K | $47K | $669K | $0 | — | — |
| 2020 | $73K | $152K | $643K | $0 | — | — |
| 2019 | $178K | $598K | $721K | $0 | — | View 990 |
| 2018 | $1.1M | $70K | $1.1M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $61K, expenses of $26K, and assets of $718K (revenue +9.1% year-over-year).
- 2022: Revenue of $56K, expenses of $42K, and assets of $683K (revenue -23.5% year-over-year).
- 2021: Revenue of $73K, expenses of $47K, and assets of $669K (revenue +0.3% year-over-year).
- 2020: Revenue of $73K, expenses of $152K, and assets of $643K (revenue -58.8% year-over-year).
- 2019: Revenue of $178K, expenses of $598K, and assets of $721K (revenue -83.3% year-over-year).
- 2018: Revenue of $1.1M, expenses of $70K, and assets of $1.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Belmond Fire Dept Foundation:
Data Sources and Methodology
This transparency report for Belmond Fire Dept Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.