Smithtown Volunteer Exempt Firemans Benevolent Association
- Assets
- $2.0m
- Revenue
- $274.3k
- Investments
- $1.6m
- Employees
- 0
- Location
- Smithtown, NY
- Founding
- 10/1974
- Data as of
- 12/2021
- EIN
- 23-7401870
Organization Overview
Smithtown Volunteer Exempt Firemans Benevolent Association is located in Smithtown, NY. The organization was established in 1974. According to its NTEE Classification (M03) the organization is classified as: Professional Societies & Associations, 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. Smithtown Volunteer Exempt Firemans Benevolent Association 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 12/2021, Smithtown Volunteer Exempt Firemans Benevolent Association generated $274.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $101.9k 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 PROVIDE FOR THE NEEDS OF NEEDY AND INDIGENT FIREFIGHTERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE BENEFITS TO NEEDY AND INDIGENT FIREFIGHTERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Torre President | Officer | 2 | $0 |
Ann Schumacher Vice President | Officer | 2 | $0 |
Josh Glas Secretary | Officer | 2 | $0 |
Lawrence O'brien Secretary | Officer | 2 | $0 |
Thomas Buffa Treasurer | Officer | 2 | $0 |
Jeffrey Schwarz Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $227 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $167,586 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $167,813 |
| Total Program Service Revenue | $0 |
| Investment income | $71,046 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $35,410 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $274,269 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $64,127 |
| 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 | $1,875 |
| 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 | $2,229 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,565 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $808 |
| Insurance | $188 |
| All other expenses | $0 |
| Total functional expenses | $101,902 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $223,789 |
| Savings and temporary cash investments | $154,867 |
| 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 | $1,816 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,609,283 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,989,755 |
| 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 | $1,989,755 |
| Total liabilities and net assets/fund balances | $1,989,755 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Fire Protection Association Quincy, MA | $380,291,191 | $73,251,413 |
Atlantic City Jitneymens Association Inc Egg Harbor Township, NJ | $3,750,748 | $2,398,093 |
New York State Association Of Firechiefs Inc Castleton, NY | $448,999 | $1,424,676 |
Mutual Aid Assoc Of The Paid Fire Dept Of The City Of Yonkers Inc Yonkers, NY | $3,212,715 | $729,193 |
Professional Fire Fighters Assoc Inc White Plains, NY | $2,618,772 | $1,064,106 |
Radnor Fire Company Relief Association Wayne, PA | $10,637,727 | $928,563 |
International Association Of Fire Fighters Trenton, NJ | $559,592 | $522,139 |
Fire Chiefs And Fire Fighters Assn Of York County Inc York, PA | $3,568,867 | $375,356 |
Firemans Association Of The State Erie, PA | $1,575,126 | $270,281 |
Syracuse Fire Department Assoc Supplemental Retirement Fund Inc Utica, NY | $2,971,983 | $576,469 |
Berwyn Relief Association Berwyn, PA | $1,850,794 | $324,515 |
Firemans Relief Association Of Doylestown Doylestown, PA | $2,948,591 | $355,270 |