Veteran Fireman Association Incorporated-Gerry No 5
- Assets
- $529.7k
- Revenue
- $180.0k
- Investments
- $0.0
- Employees
- 7
- Location
- Marblehead, MA
- Founding
- 01/1969
- Data as of
- 10/2022
- EIN
- 04-6186103
Organization Overview
Veteran Fireman Association Incorporated-Gerry No 5, operating under the name Gerry #5, is located in Marblehead, MA. The organization was established in 1969. According to its NTEE Classification (W30) the organization is classified as: Military & Veterans Organizations, under the broad grouping of Public & Societal Benefit and related organizations. As of 10/2022, Gerry #5 employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gerry #5 is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 10/2022, Gerry #5 generated $180.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.3%) each year. All expenses for the organization totaled $197.6k during the year ending 10/2022. As we would expect to see with falling revenues, expenses have declined by (6.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SOCIAL QUARTERS, FUNCTION HALL AND FRATERNAL AND COMMUNITY ACTIVITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
SOCIAL QUARTER OPERATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arthur Dodge Manager | Officer | 45 | $44,415 |
David Kasoff Treasurer | Officer | 10 | $6,000 |
Kathy Tankersley Bernier Secretary | Officer | 5 | $4,800 |
Chris Husband President | Officer | 1 | $0 |
Mark Lausier Vice President | Officer | 1 | $0 |
Ryan Glavin Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $63,769 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $25,292 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $89,061 |
| Total Program Service Revenue | $0 |
| Investment income | -$48,623 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$5,706 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $122,241 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $179,969 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $6,341 |
| Compensation of current officers, directors, key employees. | $55,215 |
| Compensation of current officers, directors, key employees. | $55,215 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $29,992 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,713 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $528 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $861 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,724 |
| Insurance | $20,924 |
| All other expenses | -$23,015 |
| Total functional expenses | $197,626 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $55,921 |
| Savings and temporary cash investments | $223,064 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $26,324 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $224,423 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $529,732 |
| Accounts payable and accrued expenses | $31,003 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $31,003 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $22,000 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $476,729 |
| Total liabilities and net assets/fund balances | $529,732 |
Peer Organizations
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|---|---|---|
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Americas Vetdogs The Veterans K9 Corps Inc Smithtown, NY | $4,103,216 | $9,390,820 |
United Spinal Association Inc Kew Gardens, NY | $8,457,849 | $8,910,555 |
Coast Guard Foundation Inc Stonington, CT | $21,630,462 | $10,406,014 |
Usa Veteran And Military Support Foundation Inc Buzzards Bay, MA | $1,068 | $7,423,561 |
Veterans North East Outreach Center Inc Haverhill, MA | $8,243,940 | $5,723,835 |
Veterans Outreach Center Inc Rochester, NY | $10,292,940 | $5,967,513 |
Army Aviation Association Of America Inc Monroe, CT | $11,637,681 | $3,912,077 |
Common Defense Civic Engagement New York, NY | $599,694 | $2,910,495 |
American Legion Troy, NY | $13,558,229 | $3,222,198 |