Townsend Fire Company
- Assets
- $6.9m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 21
- Location
- Townsend, DE
- Founding
- 10/1976
- Data as of
- 12/2022
- EIN
- 51-0121480
Organization Overview
Townsend Fire Company is located in Townsend, 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 12/2022, Townsend Fire Company employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Townsend 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 12/2022, Townsend Fire Company generated $2.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $1.9m during the year ending 12/2022. While expenses have increased by 3.8% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
OPERATING AND MAINTAINING A FIRE HOUSE, EQUIPMENT AND AMBULANCES TO PROVIDE FIRE, RESCUE, AND AMBULANCE SERVICES FOR THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATING AND MAINTAINING THE FIRE HOUSE, EQUIPMENT, AND AMBULANCE EQUIPMENT WHILE PROVIDING FIRE, RESCUE, AND AMBULANCE SERVICES TO THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kyle Brown Bod | Trustee | $0 | |
Ray Barcus Bod - Co Cha | OfficerTrustee | $0 | |
Peter Bowers Bod | Trustee | $0 | |
Chris Demczak Bod | Trustee | $0 | |
Robert Ehart Bod | Trustee | $0 | |
Bryan Johnson Bod | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $638,184 |
| All other contributions, gifts, grants, and similar amounts not included above | $76,971 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $715,155 |
| Total Program Service Revenue | $1,043,284 |
| Investment income | $57,335 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $101,361 |
| Net Income from Gaming Activities | $436,028 |
| Net Income from Sales of Inventory | -$1,709 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,417,228 |
| 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 | $353,111 |
| Pension plan accruals and contributions | $39,161 |
| Other employee benefits | $39,051 |
| Payroll taxes | $26,637 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $140 |
| Fees for services: Accounting | $50,435 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $18,471 |
| Fees for services: Other | $673 |
| Advertising and promotion | $38,067 |
| Office expenses | $71,089 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $69,553 |
| Travel | $757 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,244 |
| Interest | $31,933 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $470,206 |
| Insurance | $71,969 |
| All other expenses | $150,838 |
| Total functional expenses | $1,884,539 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,146,590 |
| Savings and temporary cash investments | $0 |
| 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 | $500 |
| Prepaid expenses and deferred charges | $13,150 |
| Net Land, buildings, and equipment | $4,280,814 |
| Investments—publicly traded securities | $1,454,502 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $5,548 |
| Other assets | $0 |
| Total assets | $6,901,104 |
| Accounts payable and accrued expenses | $28,554 |
| Grants payable | $0 |
| Deferred revenue | $62,023 |
| 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 | $738,393 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,600 |
| Total liabilities | $832,570 |
| Net assets without donor restrictions | $6,068,534 |
| 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 | $6,901,104 |