Panama Fire Company Inc
- Assets
- $112.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Panama, NY
- Founding
- 11/1998
- Data as of
- 12/2021
- EIN
- 16-1549487
Organization Overview
Panama Fire Company Inc is located in Panama, NY. The organization was established in 1998. 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. Panama Fire Company Inc 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 12/2021, Panama Fire Company Inc generated $28.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.4%) each year. All expenses for the organization totaled $15.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (19.9%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
OPERATING EXPENSES ARE FOR THE PREVENTION AND EXTINGUISHING OF FIRES, EMERGENCY FIRST AID AND RESCUE, THE PROTECTION OF LIFE AND PROPERTY, AND MEMBER TRAINING AND INCENTIVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kendrya Sheldon President | 5 | $0 | |
Laurie Digirolamo Vice President | 5 | $0 | |
Roberta Schruise Secretary | 5 | $0 | |
Mary Lou Garfield Treasurer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,614 |
| Total Program Service Revenue | $15,474 |
| Membership dues | $103 |
| Investment income | $4 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $3,564 |
| Other Revenue | $2,616 |
| Total Revenue | $28,375 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $550 |
| Occupancy, rent, utilities, and maintenance | $600 |
| Printing, publications, postage, and shipping | $707 |
| Other expenses | $14,044 |
| Total expenses | $15,901 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $62,512 |
| Other assets | $0 |
| Total assets | $112,321 |
| Total liabilities | $9,078 |
| Net assets or fund balances | $103,243 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Longwood Fire Co Kennett Square, PA | $4,772,548 | $2,762,295 |