Magnolia Volunteer Fire Company
- Assets
- $6.4m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 31
- Location
- Magnolia, DE
- Founding
- 06/1988
- Data as of
- 12/2020
- EIN
- 51-0265136
Organization Overview
Magnolia Volunteer Fire Company is located in Magnolia, DE. The organization was established in 1988. 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 12/2020, Magnolia Volunteer Fire Company employed 31 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Magnolia 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 12/2020, Magnolia Volunteer Fire Company generated $1.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $804.6k during the year ending 12/2020. While expenses have increased by 3.0% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE FIRE PROTECTION
Describe the Organization's Program Activity:
Part 3 - Line 4a
VOLUNTEER FIRE AND RESCUE SERVICES
AMBULANCE SERVICE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Vautard Financial Se | Officer | $0 | |
Adam S Gillespie Treasurer | Officer | $0 | |
Nicole Vautard Secretary | Officer | $0 | |
James W Bethard Vice Preside | Officer | $0 | |
Kevin Consalo President | Officer | $0 | |
Harry Consalo Jr Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $30,734 |
| Related organizations | $0 |
| Government grants | $622,768 |
| All other contributions, gifts, grants, and similar amounts not included above | $14,190 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $667,692 |
| Total Program Service Revenue | $261,429 |
| Investment income | $218,325 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $19,364 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,167,966 |
| 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 | $225,779 |
| Pension plan accruals and contributions | $35,258 |
| Other employee benefits | $0 |
| Payroll taxes | $18,045 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,435 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $430 |
| Office expenses | $7,592 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $49,442 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $25,867 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $234,085 |
| Insurance | $38,195 |
| All other expenses | $32,521 |
| Total functional expenses | $804,625 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $975,745 |
| Savings and temporary cash investments | $577,461 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $37,046 |
| 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 | $2,461,349 |
| Investments—publicly traded securities | $2,331,371 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,382,972 |
| Accounts payable and accrued expenses | $16,777 |
| 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 | $16,777 |
| Net assets without donor restrictions | $6,366,195 |
| 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 | $6,382,972 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Magnolia Volunteer Fire Company has recieved totaling $10.
| Awarding Organization | Amount |
|---|---|
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $10 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Carroll County Volunteer Emergency Service Association Inc Westminster, MD | $1,470,779 | $13,949,806 |
Lebanon Fire Department First Aid And Safety Patrol Lebanon, PA | $3,051,934 | $7,011,761 |
National Fire Sprinkler Industry Promotion Fund Linthicum Heights, MD | $14,612,494 | $9,027,679 |
National Fire Sprinkler Association Inc Linthicum Heights, MD | $8,710,871 | $6,765,849 |
Christiana Fire Company Christiana, DE | $14,091,551 | $5,152,567 |
National Fallen Firefighters Foundation Emmitsburg, MD | $13,063,869 | $5,837,501 |
Seiu District 1201 Health & Welfare Fund Local 1201 Health & Welfare Fund Philadelphia, PA | $0 | $4,907,634 |
Bel Air Volunteer Fire Company Inc Bel Air, MD | $40,870,165 | $6,845,750 |
William M Singerly Steam Fire Elkton, MD | $16,184,680 | $4,351,064 |
Westminster Fire Engine And Hose Company No 1 Inc Westminster, MD | $7,274,184 | $3,523,670 |
Bethlehem Township Volunteer Fire Co Bethlehem, PA | $5,249,491 | $3,862,334 |
Mill Creek Fire Company Wilmington, DE | $18,843,168 | $4,051,731 |