Fairfield Volunteer Rescue Squad Inc
- Assets
- $624.8k
- Revenue
- $188.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Fairfield, VA
- Founding
- 09/1987
- Data as of
- 06/2022
- EIN
- 51-0238405
Organization Overview
Fairfield Volunteer Rescue Squad Inc is located in Fairfield, VA. The organization was established in 1987. According to its NTEE Classification (M41) the organization is classified as: First Aid, 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. Fairfield Volunteer Rescue Squad Inc 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 06/2022, Fairfield Volunteer Rescue Squad Inc generated $188.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $175.6k during the year ending 06/2022. While expenses have increased by 4.1% per year over the past 7 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
PROVIDE FIRST AID SERVICE TO THE PUBLIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE VOLUNTEER RESCUE SERVICES TO THE CITIZENS IN AND AROUND FAIRFIELD, VA AND ROCKBRIDGE COUNTY, VA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matt Daniels President | OfficerTrustee | 20 | $0 |
Amanda Loreti Vice Presien | OfficerTrustee | 20 | $0 |
Patsy Reese Secretary | OfficerTrustee | 20 | $0 |
Steve Reese Treasurer/ch | OfficerTrustee | 20 | $0 |
Brent Austin Captain | OfficerTrustee | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $140,932 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,236 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $152,168 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,310 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $30,611 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $188,409 |
| 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 | $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 | $4,322 |
| 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 | $2,699 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $86,387 |
| Insurance | $14,311 |
| All other expenses | $6,700 |
| Total functional expenses | $175,563 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $89,886 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $534,874 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $624,760 |
| 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 | $126,606 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $126,606 |
| Net assets without donor restrictions | $489,279 |
| Net assets with donor restrictions | $8,875 |
| 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 | $624,760 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kentucky Medical Logistics Inc Ashland, KY | $3,061,663 | $4,567,946 |
Dana Volunteer Fire Department Inc Hendersonville, NC | $2,860,342 | $1,441,221 |
Washington County Life Saving Crew Incorporated Abingdon, VA | $994,026 | $1,127,380 |
Maysville Fire And Ems Inc Maysville, NC | $2,733,556 | $554,145 |
Kingsport Lifesaving Crew Inc Kingsport, TN | $2,066,586 | $226,401 |
Riner Volunteer Rescue Squad Inc Riner, VA | $0 | $185,177 |
Fairfield Volunteer Rescue Squad Inc Fairfield, VA | $624,760 | $188,409 |
Compress And Shock Foundation Roanoke, VA | $32,242 | $0 |
Glasgow Life Saving & First Aid Crew Inc Glasgow, VA | $775,706 | $254,489 |
Goshen First Aid Crew Inc Goshen, VA | $468,504 | $115,922 |
Healthy Heart Medical Ministries Inc Memphis, TN | $26,497 | $107,059 |
The Amherst Life Savings And First Aid Crew Incorporated Amherst, VA | $688,065 | $22,179 |
Lynchburg Life Saving & First Aid Crew Inc Lynchburg, VA | $700,616 | $38,796 |