Somers Point Volunteer Fire Company No 1 Inc
- Assets
- $603.4k
- Revenue
- $98.7k
- Investments
- $129.5k
- Employees
- 0
- Location
- Somers Point, NJ
- Founding
- 08/2019
- Data as of
- 12/2021
- EIN
- 21-0742738
Organization Overview
Somers Point Volunteer Fire Company No 1 Inc is located in Somers Point, NJ. The organization was established in 2019. 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. Somers Point Volunteer Fire Company No 1 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, Somers Point Volunteer Fire Company No 1 Inc generated $98.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $68.5k during the year ending 12/2021. While expenses have increased by 0.6% 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
FIRE PROTECTION
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALL INCOME PRODUCING ACTIVITY IS UNDERTAKEN TO PROVIDE FUNDS FOR BUILDING MAINTENANCE AND TO PROVIDE FOR THE PURCHASE AND MAINTENANCE OF THE FIRE TRUCKS AND EQUIPMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Iannace President | Trustee | 10 | $0 |
Carl Crossman Secretary | Trustee | 10 | $0 |
Donald Dunleavy Treasurer | Trustee | 10 | $0 |
Fred Cottrell Vice President | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $36,217 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,945 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $42,162 |
| Total Program Service Revenue | $0 |
| Investment income | $20 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $32,440 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $24,039 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $98,661 |
| 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 | $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 | $0 |
| 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 | $901 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $29,787 |
| Insurance | $5,290 |
| All other expenses | $24,280 |
| Total functional expenses | $68,514 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $53,350 |
| 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 | $420,545 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $129,499 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $603,394 |
| 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 | $12,268 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $12,268 |
| 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 | $591,126 |
| Total liabilities and net assets/fund balances | $603,394 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lebanon Fire Department First Aid And Safety Patrol Lebanon, PA | $3,051,934 | $7,011,761 |
Christiana Fire Company Christiana, DE | $14,091,551 | $5,152,567 |
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 |
Bethlehem Township Volunteer Fire Co Bethlehem, PA | $5,249,491 | $3,862,334 |
Mill Creek Fire Company Wilmington, DE | $18,843,168 | $4,051,731 |
Talleyville Fire Co Wilmington, DE | $5,392,603 | $3,172,159 |
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 |