Farmington Volunteer Fire Company
- Assets
- $4.9m
- Revenue
- $967.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Farmington, DE
- Founding
- 09/1989
- Data as of
- 12/2022
- EIN
- 51-0206177
Organization Overview
Farmington Volunteer Fire Company is located in Farmington, DE. The organization was established in 1989. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Farmington Volunteer Fire Company 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 12/2022, Farmington Volunteer Fire Company generated $967.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $412.5k during the year ending 12/2022. While expenses have increased by 1.2% 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
VOLUNTEER FIRE COMPANY OPERATING AND MAINTAINING A FIRE HOUSE AND EQUIPMENT TO PROVIDE FIRE AND RESCUE SERVICES FOR THE FARMINGTON, DELAWARE FIRE DISTRICT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE FIRE AND RESCUE SERVICES TO THE COMMUNITY OF FARMINGTON, DELAWARE FIRE DISTRICT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jimmy Anthony Director | Trustee | 4 | $0 |
James Baynum Director | Trustee | 4 | $0 |
John Bushey Treasurer | OfficerTrustee | 10 | $0 |
Raymond Dean Director | Trustee | 4 | $0 |
Art Fariello Director | Trustee | 4 | $0 |
Jeff Mccombs Director | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $828,182 |
| All other contributions, gifts, grants, and similar amounts not included above | $55,139 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $883,321 |
| Total Program Service Revenue | $0 |
| Investment income | $33,014 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $6,670 |
| Net Gain/Loss on Asset Sales | $32,808 |
| Net Income from Fundraising Events | $11,163 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $966,976 |
| 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 | $4,729 |
| 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 | $6,564 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,620 |
| Advertising and promotion | $0 |
| Office expenses | $7,094 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $75,833 |
| 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 | $178,753 |
| Insurance | $25,709 |
| All other expenses | $100 |
| Total functional expenses | $412,482 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100,409 |
| Savings and temporary cash investments | $920,817 |
| 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 | $2,195,272 |
| Investments—publicly traded securities | $1,683,472 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,379 |
| Total assets | $4,912,349 |
| 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 | $4,912,349 |
| 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 | $4,912,349 |