Foscoe Volunteer Fire Department Inc
- Assets
- $5.8m
- Revenue
- $978.6k
- Investments
- $0.0
- Employees
- 2
- Location
- Banner Elk, NC
- Founding
- 03/1972
- Data as of
- 12/2022
- EIN
- 23-7119088
Organization Overview
Foscoe Volunteer Fire Department Inc is located in Banner Elk, NC. The organization was established in 1972. 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. As of 12/2022, Foscoe Volunteer Fire Department Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foscoe Volunteer Fire Department Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2022, Foscoe Volunteer Fire Department Inc generated $978.6k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $836.0k during the year ending 12/2022. While expenses have increased by 5.8% per year over the past 5 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
FOSCOE VOLUNTEER FIRE DEPT WAS ORGANIZED IN MARCH 1971 TO PROTECT THE HOMES AND PROPERTY OF THE CITIZENS OF THE FOSCOE COMMUNITY. CURRENTLY THERE IS A FIRST RESPONDERS UNIT IN ADDITION TO FIREFIGHTING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOSCOE VOLUNTEER FIRE DEPARTMENT SERVES THE FOSCOE FIRE DISTRICT OF WATAUGA COUNTY, NORTH CAROLINA, BY PROVIDING 24 HOUR FIRST-RESPONDER UNITS, AS WELL AS FIREFIGHTERS AND EQUIPMENT. IT ALSO PARTICIPATES IN MUTUAL AID WITH OTHER AREA FIRE DEPARTMENTS IN WATAUGA AND AVERY COUNTIES AS NEEDED. ANSWERED CALLS DURING 2022 CONSISTED OF 218 FIRE/NON-MEDICAL CALLS & 200 EMERGENCY MEDICAL CALLS. MEDICAL CALLS HAVE INCREASED BECAUSE OF THE COUNTY REMOVI NG SOME COVID-19 PROTOCOLS. VOLUNTEERS AND 2 PAID EMPLOYEES COMPLETED 3359 HOURS OF TRAININGS DURING 2022.
FOSCOE VOLUNTEER FIRE DEPARTMENT PROVIDES AND INSTALLS SMOKE ALARMS IN THE HOMES OF RESIDENTS OF ITS DISTRICT. EXPENSES ARE INCLUDED IN THE TOTAL.
FOSCOE FIRE DEPARTMENT PARTICIPATES IN FIRE PREVENTION WEEK BY VISITING THE ELEMENTARY SCHOOL LOCATED WITHIN ITS DISTRICT. THE VOLUNTEERS SPEAK WITH THE CHILDREN REGARDING WAYS TO PREVENT FIRES, WAYS TO ESCAPE FIRES AND THE WAYS TO REPORT FIRES. THEY ALSO PROVIDE HAND OUTS AND TREATS. PROGRAM CONSISTS OF APPROXIMATELY 6 VOLUNTEER HOURS. DEPARTMENT PROVIDES CPR CERTIFICATIONS TO THE COMMUNITY. TWO PUBLIC CLASSES WERE HELD DURING 2021 CONSISTING OF 10 VOLUNTEER HOURS. EXPENSES ARE INCLUDED IN OTHER SECTIONS.
FOSCOE FIRE DEPARTMENT PROVIDES NUMERALS TO INDICATE 9-1-1 ADDRESSES OF THE PROPERTIES WITHIN ITS DISTRICT. COSTS AND HOURS ARE INCLUDED IN THE FIRST ACHIEVEMENT. EXPENSES ARE INCLUDED IN OTHER SECTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Matthew Aldridge Fire Chief | 50 | $75,364 | |
Richard Pastusic Board Member | Trustee | 1 | $0 |
Mike Shook Board Member | Trustee | 1 | $0 |
Neal Church Board Member | Trustee | 1 | $0 |
Hughie Johnson Director | Trustee | 1 | $0 |
Donald Bare Vice Chair | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $35,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,150 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $38,150 |
| Total Program Service Revenue | $931,328 |
| Investment income | $1,337 |
| 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 | $978,610 |
| 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 | $1,700 |
| Compensation of current officers, directors, key employees. | $75,364 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $39,259 |
| Pension plan accruals and contributions | $6,610 |
| Other employee benefits | $1,683 |
| Payroll taxes | $7,644 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,675 |
| 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 | $10,867 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $35,475 |
| Travel | $60,837 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $311,575 |
| Insurance | $35,226 |
| All other expenses | $42,112 |
| Total functional expenses | $835,976 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $971,756 |
| Savings and temporary cash investments | $1,597,738 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,243 |
| 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 | $22,700 |
| Net Land, buildings, and equipment | $3,163,202 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,762,639 |
| Accounts payable and accrued expenses | $6,291 |
| 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 | $6,291 |
| Net assets without donor restrictions | $5,683,099 |
| Net assets with donor restrictions | $73,249 |
| 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 | $5,762,639 |