Lake Placid Volunteer Fire Department
- Assets
- $1.8m
- Revenue
- $441.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Lake Placid, NY
- Founding
- 04/1999
- Data as of
- 12/2021
- EIN
- 14-6020589
Organization Overview
Lake Placid Volunteer Fire Department is located in Lake Placid, NY. 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. Lake Placid Volunteer Fire Department 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, Lake Placid Volunteer Fire Department generated $441.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.4% each year . All expenses for the organization totaled $120.2k during the year ending 12/2021. While expenses have increased by 0.1% 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
THE PURPOSE OF THIS ORGANIZATION SHALL BE THE PRESERVATION OF LIFE AND PROPERTY AND THE PREVENTION, CONTROL AND EXTINGUISHMENT OF FIRE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LAKE PLACID VOLUNTEER FIRE DEPARTMENT IS A VOLUNTEER ORGANIZATION ESTABLISHED IN 1905 FOR THE PURPOSE OF FIGHTING FIRES IN THE VILLAGE OF LAKE PLACID AND ALSO ASSISTING IN FIRE-FIGHTING FOR THE SURROUNDING COMMUNITIIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Fountain Secretary -T | Officer | $2,000 | |
William Elliott Collector | Officer | $1,140 | |
Liane Colby Deputy Secre | Officer | $540 | |
Adam Marshall 2nd Assistan | Officer | $0 | |
Michael St Louis Chief | Officer | $0 | |
Douglas T Hoffman 1st Assistan | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $110,570 |
| All other contributions, gifts, grants, and similar amounts not included above | $271,047 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $381,617 |
| Total Program Service Revenue | $32,035 |
| Investment income | $439 |
| 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 | $441,042 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $6,442 |
| 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 | $2,540 |
| 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 | $3,975 |
| 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 | $6,930 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,436 |
| Travel | $5,146 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,100 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $27,909 |
| Insurance | $0 |
| All other expenses | $5,563 |
| Total functional expenses | $120,214 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,390,212 |
| Savings and temporary cash investments | $187,187 |
| 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 | $266,206 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,843,605 |
| 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 | $1,843,605 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,843,605 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Lake Placid Volunteer Fire Department has recieved totaling $130,500.
| Awarding Organization | Amount |
|---|---|
Henry Uihlein Ii & Mildred A Uihlein Lake Placid, NY PURPOSE: GENERAL SUPPORT | $60,000 |
Kingsley Foundation Wilmington, DE PURPOSE: GENERAL PURPOSES | $30,000 |
Adirondack Foundation Lake Placid, NY PURPOSE: FOR FIRE PACK CAMPAIGN AT THE REQUEST OF CAROLINE AND SERGE LUSSI | $20,000 |
Mccutchen Foundation Brunswick, MD PURPOSE: GENERAL SUPPORT | $20,000 |
Love Family Foundation Incorporated Pittsburg, PA PURPOSE: PUBLIC ASSISTANCE | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Boston Firefighters Credit Union Dorchester, MA | $398,016,214 | $13,830,110 |
Lebanon Fire Department First Aid And Safety Patrol Lebanon, PA | $3,051,934 | $7,011,761 |
Seiu District 1201 Health & Welfare Fund Local 1201 Health & Welfare Fund Philadelphia, PA | $0 | $4,907,634 |
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 |
Bethlehem Township Volunteer Fire Co Bethlehem, PA | $5,249,491 | $3,862,334 |
Adams Regional Emergency Medical Services Inc New Oxford, PA | $2,353,557 | $3,588,924 |
Goshen Fire Company West Chester, PA | $10,441,904 | $3,771,755 |
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 |