Lake Villa Volunteer Fire Dept
- Assets
- $978.7k
- Revenue
- $77.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Lake Villa, IL
- Founding
- 02/1975
- Data as of
- 04/2019
- EIN
- 36-6102213
Organization Overview
Lake Villa Volunteer Fire Dept, operating under the name Lake Villa Fire Fighters Assoc, is located in Lake Villa, IL. The organization was established in 1975. 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. Lake Villa Fire Fighters Assoc 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 04/2019, Lake Villa Fire Fighters Assoc generated $77.1k 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 (7.0%) each year. All expenses for the organization totaled $179.4k during the year ending 04/2019. As we would expect to see with falling revenues, expenses have declined by (4.4%) 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSES OF THE LAKE VILLA FIREFIGHTERS ASSOCIATION (THE "ASSOCIATION"), AS STATED IN ITS CERTIFICATE OF INCORPORATION, AS AMENDED ARE, TO THE BEST OF ITS ABILITY IS TO BE SUPPORTIVE IN A FINANCIAL MANNER TO THE LAKE VILLA FIRE PROTECTION DISTRICT AND TO THE OTHER COMMUNITY PUBLIC SERVICE ORGANIZATIONS AND FOSTER GOOD WILL AMONGST THE MEMBERS. THE CORPORATION SHALL HAVE THE GENERAL POWERS GRANTED BY SECTION 4 OF THE GENERAL NOTFORPROFIT CORPORATION ACT (805 ILCS 105/101.01 ET SEQ.), INCLUDING, BUT NOT LIMITED TO, THE POWER TO PURCHASE, TAKE, RECEIVE, LEASE AS LESSEE, TAKE BY GIFT OR LEGACY, OR OTHERWISE ACQUIRE, AND TO OWN, HOLD, USE AND OTHERWISE DEAL IN AND WITH ANY REAL OR PERSONAL PROPERTY, OF ANY INTEREST THEREIN, SITUATED IN OR OUT OF THIS STATE; TO MAKE CONTRACTS AND INCUR LIABILITIES WHICH MAY BE APPROPRIATE TO AND ENABLE IT TO ACCOMPLISH ANY OR ALL OF ITS PURPOSES; TO EMPLOY PERSONNEL TO ACCOMPLISH ITS PURPOSES; TO ELECT OR APPOINT OFFICERS AND AGENTS OF THE CORPORATION AN
Describe the Organization's Program Activity:
Part 3 - Line 4a
FIRE PROTECTION - PROVIDING FIRE & RESCUE AND AMBULANCE SERVICES WITH THE LOCAL FIRE PROTECTION DISTRICT FOR AN AREA SERVING THE BORDERS OF THE LOCAL FIRE PROTECTION DISTRICT.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Phillips President | Officer | 10 | $0 |
Jeff Haras Secretary | Officer | 1 | $0 |
Ed Kofoed Treasurer | Officer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,418 |
| Investment income | $429 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $19,164 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $77,093 |
| Statement of Expenses | |
|---|---|
| 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 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 | $0 |
| 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 | $0 |
| 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 | $92,788 |
| Insurance | $18,514 |
| All other expenses | $0 |
| Total functional expenses | $179,449 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $173,880 |
| Savings and temporary cash investments | $83,328 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $978,748 |
| 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 | $978,748 |
| 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 |
| Total liabilities and net assets/fund balances | $978,748 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Utica Township Volunteer Fire- Fighters Assn Utica, IN | $1,476,102 | $4,113,982 |
The Backstoppers Inc Saint Louis, MO | $58,482,364 | $10,650,014 |
Scott Township Volunteer Fire Dept Evansville, IN | $1,446,262 | $3,137,788 |
Honey Creek Township Volunteer Firefighters Inc Terre Haute, IN | $3,011,460 | $2,456,584 |
Sun Prairie Fire & Rescue Company Sun Prairie, WI | $322,315 | $2,382,259 |
Firefighters Credit Union Indianapolis, IN | $84,585,258 | $2,760,339 |
Washington Volunteer Fire Department And Rescue Squad Inc Washington, IL | $2,009,160 | $2,317,553 |
Chicago Fire-Fighters Credit Union Chicago, IL | $77,630,432 | $2,413,606 |
South Oldham Fire Department Inc Crestwood, KY | $4,727,663 | $2,106,102 |
National Association Of Fire Equipment Distributors Inc Chicago, IL | $2,496,644 | $1,753,895 |
Pinckneyville Ambulance Service Pinckneyville, IL | $2,128,254 | $1,765,041 |
Zionsville Volunteer Fire Department Incorporated Zionsville, IN | $0 | $301,236 |