Somerset Volunteer Fire And Rescue
- Assets
- $1.4m
- Revenue
- $208.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Somerst, NJ
- Founding
- 11/1988
- Data as of
- 12/2023
- EIN
- 22-6177152
Organization Overview
Somerset Volunteer Fire And Rescue is located in Somerst, NJ. The organization was established in 1988. 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. Somerset Volunteer Fire And Rescue 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, Somerset Volunteer Fire And Rescue generated $208.5k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $169.8k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.3%) per year over the past 5 years. 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
VOLUNTEER FIRE DEPARTMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE VOLUNTEER FIREFIGHTING AND OTHER EMERGENCY RELATED RESPONSES TO THE SURROUNDING COMMUNITY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Eriksen Trustee | Trustee | 8 | $0 |
Anthony Panchery President | Officer | 10 | $0 |
Mike Diventi Financial Sec. | Officer | 10 | $0 |
Chris Inzano Vice-President | Officer | 10 | $0 |
Matt Gianotto Treasurer | Officer | 10 | $0 |
Todd Brown Recording Sec. | Officer | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $71,239 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,028 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $86,267 |
| Total Program Service Revenue | $0 |
| Investment income | $7,336 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $114,356 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $557 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $208,516 |
| 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 | $2,066 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $835 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,653 |
| Information technology | $948 |
| Royalties | $0 |
| Occupancy | $37,656 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,169 |
| Interest | $13,299 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $34,806 |
| Insurance | $6,200 |
| All other expenses | $5,855 |
| Total functional expenses | $169,753 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,951 |
| Savings and temporary cash investments | $292,740 |
| 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 | $1,143,183 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,445,874 |
| 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 | $254,333 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $254,333 |
| 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 | $1,191,541 |
| Total liabilities and net assets/fund balances | $1,445,874 |