Lamott Fire Company No 1
- Assets
- $2.2m
- Revenue
- $376.6k
- Investments
- $1.1m
- Employees
- 0
- Location
- Elkins Park, PA
- Founding
- 05/2005
- Data as of
- 12/2021
- EIN
- 23-6283027
Organization Overview
Lamott Fire Company No 1 is located in Elkins Park, PA. The organization was established in 2005. 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. Lamott Fire Company No 1 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, Lamott Fire Company No 1 generated $376.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $227.1k during the year ending 12/2021. 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
TO PROTECT LIVES AND PROPERTY
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE FIRE FIGHTING AND OTHER EMERGENCY SERVICES FOR MORE THAN 8,000 PEOPLE LIVING IN CHELTENHAM TOWNSHIP IN MONTGOMERY COUNTY, PENNSYVANIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Schwartz President | OfficerTrustee | 10 | $0 |
Ken Hellendall Vice President | OfficerTrustee | 2 | $0 |
Jack Reaney Recording Secretary | OfficerTrustee | 2 | $0 |
Thandenjani Whayo Floor Representative | Trustee | 2 | $0 |
John Mulligan Floor Representative | Trustee | 2 | $0 |
Harry Jarin Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $199,879 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,651 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $201,530 |
| Total Program Service Revenue | $0 |
| Investment income | $19,709 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $154,877 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $376,631 |
| 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 | $17,575 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,520 |
| Fees for services: Other | $2,262 |
| Advertising and promotion | $0 |
| Office expenses | $2,763 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $14,623 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $15,263 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $75,139 |
| Insurance | $20,283 |
| All other expenses | $9,737 |
| Total functional expenses | $227,076 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $48,969 |
| Savings and temporary cash investments | $94,680 |
| 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 | $993,593 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,085,295 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,243 |
| Total assets | $2,224,780 |
| 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 | $215,278 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,681 |
| Total liabilities | $217,959 |
| Net assets without donor restrictions | $2,006,821 |
| 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 | $2,224,780 |
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