East Providence Firefighters Beneficial Association
- Assets
- $2.7m
- Revenue
- $686.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Rumford, RI
- Founding
- 03/1964
- Data as of
- 12/2021
- EIN
- 05-6012609
Organization Overview
East Providence Firefighters Beneficial Association is located in Rumford, RI. The organization was established in 1964. According to its NTEE Classification (Y44) the organization is classified as: Voluntary Employees Beneficiary Associations Government), under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. East Providence Firefighters Beneficial Association is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, East Providence Firefighters Beneficial Association generated $686.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.7% each year . All expenses for the organization totaled $339.4k during the year ending 12/2021. While expenses have increased by 3.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
VOLUNTARY EMPLOYEE BENEFIT ASSOCIATION WHICH PROVIDES MEDICAL BENEFITS ON BEHALF OF ITS FALLEN MEMBERS AND THEIR SPOUCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOR THE PURPOSE OF MANAGING HEALTH, DEATH, SICK AND SUPPLEMENTAL BENEFITS PAID TO OR ON BEHALF OF ACTIVE AND RETIRED FIRE FIGHTERS AND THEIR FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Curran Secretary | Officer | 2 | $2,600 |
Joseph Dasilva Treasurer | Officer | 2 | $2,600 |
Adam Christina President | Officer | 1 | $650 |
Charles Carr Vice Preside | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $280,285 |
| Investment income | $33,044 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $373,263 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $686,592 |
| 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 | $297,907 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $38,116 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $763 |
| 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 | $469 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $304 |
| All other expenses | $96 |
| Total functional expenses | $339,402 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $171,241 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,577,636 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,748,877 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $2,748,877 |
| Total liabilities and net assets/fund balances | $2,748,877 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Boston Teachers Union Health And Welfare Fund Boston, MA | $27,133,628 | $10,949,710 |
Rhode Island Public Employees Health Services Fund Providence, RI | $19,350,619 | $8,124,294 |
Nage-Seiu Local 5000 Trial Court Of Mass Health And Welfare Fund Quincy, MA | $1,835,319 | $2,180,982 |
Tufts University Employee Benefits Tr 060194 Prhb Somerville, MA | $16,777,437 | $1,539,960 |
East Providence Firefighters Beneficial Association Rumford, RI | $2,748,877 | $686,592 |
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Newton Police Memorial Association West Newton, MA | $1,328,437 | $207,554 |
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New Bedford Police Association New Bedford, MA | $2,900,408 | $227,166 |
Westport Police Benevolent Association Inc Westport, CT | $676,544 | $65,973 |
Everett Police Mutual Aid Assoc Inc Everett, MA | $744,939 | $22,976 |