Southern Oswego Volunteer Ambulance Corp Inc
- Assets
- $1.4m
- Revenue
- $130.3k
- Investments
- $0.0
- Employees
- 26
- Location
- Central Square, NY
- Founding
- Data as of
- 12/2017
- EIN
- 23-7389741
Organization Overview
Southern Oswego Volunteer Ambulance Corp Inc, operating under the name Sovac, is located in Central Square, NY. As of 12/2017, Sovac employed 26 individuals. Sovac 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 12/2017, Sovac generated $130.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (49.2%) each year. All expenses for the organization totaled $213.0k during the year ending 12/2017. As we would expect to see with falling revenues, expenses have declined by (39.8%) per year over the past 3 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
2017
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE EMERGENCY AMBULANCE SERVICE TO THE RESIDENTS OF THE HASTINGS, CENTRAL SQUARE, CAUGHDENOY, AND WEST MONROE FIRE DISTRICTS AND/OR ITS ENVIRONS AS MAY BE NECESSARY IN ANY GIVEN EMERGENCY OR AS A RESULT OF ANY MUTUAL SERVICE AGREEMENT BETWEEN SOVAC AND OTHER AGENCIES OR VOLUNTEER AMBULANCE SERVICES WITHIN THE STATE OF NEW YORK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AMBULANCE SERVICE - SOVAC RESPONDED TO APPROXIMATELY 216 CALLS DURING 2017.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Clark Executive Director | Officer | 50 | $1,341 |
David Turverey President | OfficerTrustee | 1 | $0 |
Donna Britton President | OfficerTrustee | 1 | $0 |
Rebecca Walsh Secretary | OfficerTrustee | 1 | $0 |
Sue Edee Director | Trustee | 1 | $0 |
Kenneth Parrote Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,989 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,989 |
| Total Program Service Revenue | $217,964 |
| Investment income | $3,594 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $15,450 |
| Net Gain/Loss on Asset Sales | -$108,713 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $130,284 |
| 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. | $1,341 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $90,435 |
| Pension plan accruals and contributions | $993 |
| Other employee benefits | $7,701 |
| Payroll taxes | $8,656 |
| Fees for services: Management | $7,000 |
| Fees for services: Legal | $12,791 |
| Fees for services: Accounting | $12,834 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $30,251 |
| Advertising and promotion | $1,003 |
| Office expenses | $1,097 |
| Information technology | $916 |
| Royalties | $0 |
| Occupancy | $8,092 |
| 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 | $13,819 |
| Insurance | $4,605 |
| All other expenses | $0 |
| Total functional expenses | $213,035 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $857,287 |
| Savings and temporary cash investments | $203,805 |
| 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 | $328,041 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,389,133 |
| 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 |
| Unrestricted restricted net Assets | $1,389,133 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $1,389,133 |
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