The Lyme Fire Company Incorporated
- Assets
- $729.7k
- Revenue
- $90.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Lyme, CT
- Founding
- 01/1999
- Data as of
- 03/2022
- EIN
- 06-6063752
Organization Overview
The Lyme Fire Company Incorporated is located in Lyme, CT. The organization was established in 1999. According to its NTEE Classification (M24) the organization is classified as: Fire Prevention, under the broad grouping of Public Safety, Disaster Preparedness & Relief and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lyme Fire Company Incorporated is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 03/2022, Lyme Fire Company Incorporated generated $90.5k 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 (7.0%) each year. All expenses for the organization totaled $26.0k during the year ending 03/2022. As we would expect to see with falling revenues, expenses have declined by (15.3%) 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
FIRE PREVENTION AND RESCUE RESPONSE
Describe the Organization's Program Activity:
Part 3 - Line 4a
CARRYING OUT OUR EXEMPT PURPOSE INCLUDES FIRE PROTECTION, FIRE PREVENTION, RESCUE RESPONSE AND HAZMAT RESPONSE TO THE TOWN OF LYME, CT. APPROXIMATELY 2100 INDIVIDUALS BENEFIT FROM THESE VOLUNTEER SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth J Morgan Treasurer | Officer | 3 | $0 |
Sam Adams Assistant Chief | Officer | 7 | $0 |
Joshua Adams Assistant Chief | Officer | 7 | $0 |
Thomas Davies Secretary | Officer | 3 | $0 |
John Evans Chief | Officer | 7 | $0 |
Jason Zelek Deputy Chief | Officer | 7 | $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 | $29,947 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $29,947 |
| Total Program Service Revenue | $22 |
| Investment income | $7,768 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $20,977 |
| Net Income from Fundraising Events | $28,944 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$395 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $90,485 |
| 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 | $0 |
| 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 | $1,317 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,378 |
| Fees for services: Other | $0 |
| Advertising and promotion | $891 |
| Office expenses | $233 |
| 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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $8,399 |
| Total functional expenses | $26,004 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,428 |
| Savings and temporary cash investments | $112,600 |
| 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 | $148,885 |
| Investments—publicly traded securities | $456,993 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,843 |
| Total assets | $729,749 |
| 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 | $238,271 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $491,478 |
| Total liabilities and net assets/fund balances | $729,749 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that The Lyme Fire Company Incorporated has recieved totaling $1,075.
| Awarding Organization | Amount |
|---|---|
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $500 |
Pfizer Foundation Inc New York, NY PURPOSE: VOLUNTEER PROGRAM | $500 |
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $75 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
East Farmingdale Volunteer Fire Co Inc East Farmingdale, NY | $16,218,094 | $4,768,607 |
Plainview Volunteer Fire Dept Inc Plainview, NY | $40,057,209 | $5,342,646 |
Port Washington Fire Department Inc Port Washington, NY | $4,314,426 | $4,561,855 |
International Association Of Fire Fighters Boston, MA | $7,227,013 | $4,228,502 |
North Amityville Fire Company Inc Amityville, NY | $5,750,428 | $3,153,661 |
Vigilant Engine & Hook & Ladder Co Inc Great Neck, NY | $6,071,973 | $2,993,685 |
Alert Engine Hook And Ladder And Hose Company No One Inc Great Neck, NY | $8,829,373 | $2,819,438 |
Brookfield Volunteer Fire Company Inc Brookfield, CT | $3,595,891 | $2,413,051 |
North Lindenhurst Volunteer Fire Department Inc Lindenhurst, NY | $5,759,800 | $2,293,245 |
Orchard Park Fire District - Ems Inc Orchard Park, NY | $913,599 | $2,112,787 |
Rescue Hook & Ladder Company No 1 Roslyn Heights, NY | $12,782,014 | $1,956,468 |
National Fire Protection Research Foundation Quincy, MA | $17,158,542 | $2,688,627 |