Inlet Volunteer Emergency Services Inc
- Assets
- $1.7m
- Revenue
- $561.0k
- Investments
- $0.0
- Employees
- 8
- Location
- Inlet, NY
- Founding
- 05/2003
- Data as of
- 12/2023
- EIN
- 16-1549797
Organization Overview
Inlet Volunteer Emergency Services Inc is located in Inlet, NY. The organization was established in 2003. According to its NTEE Classification (M23) the organization is classified as: Search & Rescue Squads, under the broad grouping of Public Safety, Disaster Preparedness & Relief and related organizations. As of 12/2023, Inlet Volunteer Emergency Services Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Inlet Volunteer Emergency Services 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 12/2023, Inlet Volunteer Emergency Services Inc generated $561.0k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 12.6% each year . All expenses for the organization totaled $513.4k during the year ending 12/2023. While expenses have increased by 12.2% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDES EMERGENCY AMBULANCE SERVICES AND FIRE PROTECTION SERVICES FOR RESIDENTS OF INLET, NEW YORK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AMBULANCE SERVICES-RESPONDED TO AROUND 150 EMS CALLS TOTAL FOR AMBULANCE SERVICES AND FIRE PROTECTION SERVICES.
FIRE PROTECTION SERVICES-RESPONDED TO AROUND 150 FIRE AND RESCUE CALLS AND EMS CALLS TOTAL FOR THE TOWN OF INLET AREA.
EMERGENCY SUPPORT SERVICES-EMERGENCY SERVICES IS THE BUILDING AND GROUNDS THAT HOUSES ALL FIRE AND AMBULANCE EQUIPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Scheidelman Squad Captai | Officer | 5 | $87,990 |
Herbert Schmid Treas. Ives, | Officer | 15 | $3,750 |
Ed Booton Vice Chairma | Officer | 5 | $0 |
Dennis Hudson Vice Preside | Officer | 2 | $0 |
Andrew Kalil President Iv | Officer | 10 | $0 |
Todd Marleau Vice Chair, | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $82,278 |
| All other contributions, gifts, grants, and similar amounts not included above | $24,086 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $106,364 |
| Total Program Service Revenue | $335,655 |
| Investment income | $16,829 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $87,070 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $561,022 |
| 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 | $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 | $151,059 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,134 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,500 |
| Fees for services: Accounting | $12,001 |
| 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 | $683 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $20,645 |
| Travel | $177 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,100 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $155,032 |
| Insurance | $35,396 |
| All other expenses | $28,160 |
| Total functional expenses | $513,362 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $167,086 |
| Savings and temporary cash investments | $325,334 |
| 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 | $1,022,927 |
| Investments—publicly traded securities | $208,629 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,723,976 |
| Accounts payable and accrued expenses | $2,346 |
| 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 | $170,060 |
| Total liabilities | $172,406 |
| Net assets without donor restrictions | $1,551,570 |
| 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 | $1,723,976 |