East Norwich Volunteer Fire Co No 1 Inc
- Assets
- $5.8m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 5
- Location
- East Norwich, NY
- Founding
- Data as of
- 12/2022
- EIN
- 11-2342902
Organization Overview
East Norwich Volunteer Fire Co No 1 Inc is located in East Norwich, NY. As of 12/2022, East Norwich Volunteer Fire Co No 1 Inc employed 5 individuals. East Norwich Volunteer Fire Co No 1 Inc 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 12/2022, East Norwich Volunteer Fire Co No 1 Inc generated $1.1m 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 (3.2%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. 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
VOLUNTEER FIRE DEPARTMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE FIRE RESCUE AND EMERGENCY SERVICES TO THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Russell Fuller Secretary | OfficerTrustee | 15 | $6,000 |
Jeffrey Shoemaker Trustee | OfficerTrustee | 10 | $6,000 |
Theodore Velsor Treasurer | OfficerTrustee | 15 | $6,000 |
Christopher Velsor President | OfficerTrustee | 10 | $4,200 |
Thomas Aasheim Trustee | Trustee | 10 | $0 |
Jessica Crowley Trustee | Trustee | 10 | $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 | $12,065 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,065 |
| Total Program Service Revenue | $1,105,008 |
| Investment income | $96 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $8,137 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,128,323 |
| 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 | $158,828 |
| Compensation of current officers, directors, key employees. | $22,200 |
| Compensation of current officers, directors, key employees. | $11,100 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,800 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,052 |
| Payroll taxes | $2,874 |
| Fees for services: Management | $8,007 |
| Fees for services: Legal | $4,500 |
| Fees for services: Accounting | $23,550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,542 |
| Advertising and promotion | $0 |
| Office expenses | $12,967 |
| Information technology | $64,107 |
| Royalties | $0 |
| Occupancy | $176,082 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $34,407 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $71,755 |
| All other expenses | $91,072 |
| Total functional expenses | $1,068,509 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,086,251 |
| Savings and temporary cash investments | $476,081 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $36 |
| 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 | $28,852 |
| Net Land, buildings, and equipment | $4,245,902 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,837,122 |
| Accounts payable and accrued expenses | $64,399 |
| 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 | $866,076 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $930,475 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $200,866 |
| Paid-in or capital surplus, or land, building, or equipment fund | $3,379,826 |
| Retained earnings, endowment, accumulated income, or other funds | $1,325,955 |
| Total liabilities and net assets/fund balances | $5,837,122 |