Cheswold Volunteer Fire Company
- Assets
- $3.8m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 19
- Location
- Cheswold, DE
- Founding
- 05/1976
- Data as of
- 11/2023
- EIN
- 51-0107627
Organization Overview
Cheswold Volunteer Fire Company is located in Cheswold, DE. The organization was established in 1976. 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 11/2023, Cheswold Volunteer Fire Company employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cheswold Volunteer Fire Company 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 11/2023, Cheswold Volunteer Fire Company generated $1.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $1.3m during the year ending 11/2023. While expenses have increased by 4.0% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
VOLUNTEER FIRE PROTECTION AND RESCUE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VOLUNTEER FIRE PROTECTION AND RESCUE SERVICES TO THE SURROUNDING COMMUNITY THE COMPANY MAINTAINS SIX FIRE TRUCKS AND FOUR RESCUE VEHICLES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tucker Dempsey President | OfficerTrustee | 2 | $0 |
Ken Clendaniel Past Preside | OfficerTrustee | 2 | $0 |
Dan Cerutti Vice Preside | OfficerTrustee | 2 | $0 |
Craig Spencer Treasurer | OfficerTrustee | 2 | $0 |
Joshua Dempsey Fire Chief | Trustee | 40 | $0 |
Jeff Sword Deputy Fire | Trustee | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $760 |
| Fundraising events | $50,000 |
| Related organizations | $0 |
| Government grants | $956,235 |
| All other contributions, gifts, grants, and similar amounts not included above | $493,195 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,500,190 |
| Total Program Service Revenue | $0 |
| Investment income | $13,337 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $21,920 |
| Net Gain/Loss on Asset Sales | -$133,923 |
| Net Income from Fundraising Events | $54,877 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,456,879 |
| 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 | $400,176 |
| Pension plan accruals and contributions | $42,128 |
| Other employee benefits | $52,351 |
| Payroll taxes | $30,331 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,063 |
| Fees for services: Accounting | $18,980 |
| 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 | $38,350 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $135,656 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,408 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $283,565 |
| Insurance | $38,619 |
| All other expenses | $44,549 |
| Total functional expenses | $1,272,656 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $282,339 |
| Savings and temporary cash investments | $1,298,255 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $83,617 |
| 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 | $1,926,444 |
| Investments—publicly traded securities | $197,668 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,788,323 |
| Accounts payable and accrued expenses | $25,884 |
| 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 | $28,495 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $54,379 |
| Net assets without donor restrictions | $3,733,944 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $3,788,323 |