Volunteers & Exempt Firemens Benevolent Association Of Lynbrook
- Assets
- $2.3m
- Revenue
- $329.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Lynbrook, NY
- Founding
- 10/1966
- Data as of
- 03/2024
- EIN
- 11-6021227
Organization Overview
Volunteers & Exempt Firemens Benevolent Association Of Lynbrook is located in Lynbrook, NY. The organization was established in 1966. 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. Volunteers & Exempt Firemens Benevolent Association Of Lynbrook 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 03/2024, Volunteers & Exempt Firemens Benevolent Association Of Lynbrook generated $329.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (7.2%) each year. All expenses for the organization totaled $244.6k during the year ending 03/2024. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
ASSOCIATION IS FOR THE BENEFIT OF OUR MEMBERS IN THEIR TIME OF NEED IE: FINANCIAL CRISIS DEATH DISABILITY AND THEIR FAMILIES GENERAL WELFARE
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEATH & BURIAL: THERE WERE 8 DEATH BENEFIT CLAIMS DURING THE YEAR PAID TO MEMBERS BENEFICIARY8
EYEGLASS PROGRAM - APPROXIMATELY 320 MEMBERS ARE COVERED BY THIS PROGRAM WHICH PROVIDES THEM WITH EYEGLASS COVERAGE FOR THE MEMBER AND HIS HER FMILY
PRESCRIPTION PROGRAM: 200 MEMBERS SUBMITTED CLAIMS FOR THEIR NON-COVERED PRESCRIPTION MEDICAL & DENTAL EXPENSES AND THE ASSOCIATION REIMBURSED THE MEMBER UP TO $300
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward Hynes Trustee | Trustee | 1 | $0 |
Kenneth O'connor Secretary | OfficerTrustee | 3 | $0 |
Edward Murphy Treasurer | OfficerTrustee | 5 | $0 |
Jennifer Olivera Trustee | Trustee | 1 | $0 |
William Dauscher President | OfficerTrustee | 2 | $0 |
Steven Liguori Financial Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $483 |
| 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 | $483 |
| Total Program Service Revenue | $0 |
| Investment income | $212,009 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $329,901 |
| 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 | $221,783 |
| Compensation of current officers, directors, key employees. | $4,500 |
| Compensation of current officers, directors, key employees. | $4,500 |
| 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 | $500 |
| 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 | $7,039 |
| Information technology | $217 |
| Royalties | $0 |
| Occupancy | $6,000 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,825 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,671 |
| All other expenses | $0 |
| Total functional expenses | $244,637 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $64,378 |
| Savings and temporary cash investments | $30,885 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $2,155,751 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,251,014 |
| 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 | $2,251,014 |
| Total liabilities and net assets/fund balances | $2,251,014 |