Malverne Volunteer Ambulance Corps Inc
- Assets
- $652.7k
- Revenue
- $74.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Malverne, NY
- Founding
- 07/1969
- Data as of
- 10/2021
- EIN
- 23-7024065
Organization Overview
Malverne Volunteer Ambulance Corps Inc is located in Malverne, NY. The organization was established in 1969. According to its NTEE Classification (E62) the organization is classified as: Emergency Medical Services & Transport, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Malverne Volunteer Ambulance Corps 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 10/2021, Malverne Volunteer Ambulance Corps Inc generated $74.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (13.1%) each year. All expenses for the organization totaled $73.5k during the year ending 10/2021. As we would expect to see with falling revenues, expenses have declined by (10.4%) 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MALVERNE VOLUNTEER AMBULANCE CORPS INC. EXEMPT PURPOSE AND PROGRAM SERVICES PROVIDED IS A FREE CONTINUOUS 24 HOUR EMERGENCY CARE AND TRANSPORTATION TO A POPULATION IN EXCESS OF 10,000 PEOPLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUND DRIVE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Luis Lora President | Trustee | 10 | $0 |
Raul Fernandez Captain | Trustee | 10 | $0 |
John J Hassett Sr Treasurer And Board Member | Trustee | 10 | $0 |
Victoria Lora Vice-President | Trustee | 10 | $0 |
Carol A Hassett Chairman Of The Board & Secretary | Trustee | 10 | $0 |
Perry Cucci Board Member | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $34,347 |
| Related organizations | $0 |
| Government grants | $40,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $74,347 |
| Total Program Service Revenue | $0 |
| Investment income | $120 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $74,467 |
| 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 | $700 |
| 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 | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,000 |
| 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 | $9,120 |
| Insurance | $22,583 |
| All other expenses | $20,892 |
| Total functional expenses | $73,524 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,891 |
| Savings and temporary cash investments | $632,115 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $5,000 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,680 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $652,686 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| 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 | $652,686 |
| Total liabilities and net assets/fund balances | $652,686 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nonprofit Emergency Services Of Beaver County Beaver, PA | $8,074,829 | $9,611,142 |
Suburban Emergency Medical Services Palmer, PA | $8,243,365 | $11,085,285 |
Fayette Emergency Medical Services Connellsville, PA | $5,644,365 | $8,761,646 |
Western Berks Ambulance Association West Lawn, PA | $5,156,839 | $7,173,541 |
Greenwich Emergency Medical Service Incorporated Riverside, CT | $9,847,811 | $9,658,090 |
Emergency Transport Associates Inc Philadelphia, PA | $1,845,857 | $6,825,018 |
Chs Mobile Integrated Health Care Inc Rochester, NY | $5,243,723 | $7,263,116 |
New Britain Emergency Medical Services Incorporated New Britain, CT | $4,306,412 | $9,201,553 |
Temple Health System Transport Team Inc Philadelphia, PA | $2,142,869 | $6,463,105 |
Second Alarmers Assn & Rescue Squad Of Montgomery County Inc Willow Grove, PA | $5,170,865 | $5,537,599 |
Plymouth Community Ambulance Assn Plymouth Meeting, PA | $6,386,629 | $6,359,037 |
Central Bucks Ambulance & Rescue Unit Doylestown, PA | $4,022,242 | $6,012,891 |