Seaford Volunteer & Exempt Benevolent Association
- Assets
- $3.4m
- Revenue
- $366.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Seaford, NY
- Founding
- 03/2010
- Data as of
- 12/2021
- EIN
- 11-6077272
Organization Overview
Seaford Volunteer & Exempt Benevolent Association is located in Seaford, NY. The organization was established in 2010. 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. Seaford Volunteer & Exempt Benevolent 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, Seaford Volunteer & Exempt Benevolent Association generated $366.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.1% each year . All expenses for the organization totaled $154.0k during the year ending 12/2021. While expenses have increased by 6.7% 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
TO MAINTAIN SUITABLE HEADQUARTERS FOR, AND THE PROMOTION OF FRATERNAL INTERCOURSE AMONG MEMBERS OF CORPORATION, THE RELIEF, AID AND ASSISTANCE OF MEMBERS AND THEIR FAMILIES WHO ARE DISABLED OR INDIGENT, AND THE PROMOTION OF THE WELFARE OF THE VOLUNTEER FIRE SERVICE WITHIN SEAFORD FIRE DISTRICT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
REIMBURSE MEMBERS FOR ORDINARY MEDICAL EXPENSES TO PROMOTE GOOD HEALTH AMONG MEMBERS OF SEAFORD VOLUNTEER FIRE SERVICE.
PROVIDE RELIEF, AID TO MEMBERS FAMILIES ANNUALLY IN NEED.
PROMOTE FRATERNAL INTERCOURSE AMONG MEMBERS AT MEETINGS AND PROVIDE OPPORTUNITY TO DISCUSS NEEDS OF MEMBERS AND FAMILIES AND SUPPORT RELATED EXEMPT ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Foran Secretary | OfficerTrustee | 2 | $0 |
Frank Allaire President | OfficerTrustee | 2 | $0 |
Robert Powell Vice President | OfficerTrustee | 2 | $0 |
Philip Nicola Fin. Sec./treasurer | OfficerTrustee | 2 | $0 |
George Von Glahn Jr Trustee | Trustee | 1 | $0 |
William Allhusen Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $730 |
| 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 | $730 |
| Total Program Service Revenue | $57,277 |
| Investment income | $218,321 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $90,000 |
| 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 | $366,328 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $650 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $116,830 |
| 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 | $2,500 |
| 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 | $605 |
| 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 | $4,864 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $695 |
| All other expenses | $0 |
| Total functional expenses | $153,990 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $210,244 |
| 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 | $174,890 |
| Investments—publicly traded securities | $2,985,789 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,370,923 |
| 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 | $1,808,387 |
| Net assets with donor restrictions | $1,562,536 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $3,370,923 |