Leipsic Volunteer Fire Company Inc
- Assets
- $7.5m
- Revenue
- $737.4k
- Investments
- $0.0
- Employees
- 30
- Location
- Leipsic, DE
- Founding
- 01/1991
- Data as of
- 12/2023
- EIN
- 51-0265685
Organization Overview
Leipsic Volunteer Fire Company Inc is located in Leipsic, DE. The organization was established in 1991. 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 12/2023, Leipsic Volunteer Fire Company Inc employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Leipsic Volunteer Fire Company 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 12/2023, Leipsic Volunteer Fire Company Inc generated $737.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $1.1m during the year ending 12/2023. While expenses have increased by 13.1% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
VOLUNTEER FIRE AND RESCUE COMPANY
Describe the Organization's Program Activity:
PROVIDE VOLUNTEER FIRE & RESCUE SERVICES FOR A POPULATION OF APPROXIMATELY 2,500.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Chillas President | OfficerTrustee | 2 | $25,309 |
Maggie Valencia Vice-President | OfficerTrustee | 2 | $3,297 |
Jessica Johnson Secretary | OfficerTrustee | 4 | $0 |
Barbara Virdin Treasurer | OfficerTrustee | 6 | $0 |
Connie Luff Director | Trustee | 2 | $0 |
Ronald Virdin Director | Trustee | 2 | $9,690 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $816,112 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,545 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $828,657 |
| Total Program Service Revenue | $149,056 |
| Investment income | $136,543 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$17,815 |
| Net Gain/Loss on Asset Sales | -$368,000 |
| Net Income from Fundraising Events | -$943 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $737,376 |
| 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. | $45,891 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $285,793 |
| Pension plan accruals and contributions | $23,171 |
| Other employee benefits | $0 |
| Payroll taxes | $25,962 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $218 |
| Fees for services: Accounting | $19,386 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $11,475 |
| Fees for services: Other | $4,053 |
| Advertising and promotion | $4,113 |
| Office expenses | $1,655 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,490 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $209 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $229,562 |
| Insurance | $49,880 |
| All other expenses | $320,672 |
| Total functional expenses | $1,074,737 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,188 |
| Savings and temporary cash investments | $1,189,877 |
| 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 | $1,597 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,142,928 |
| Investments—publicly traded securities | $4,138,874 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,488,464 |
| Accounts payable and accrued expenses | $11,447 |
| 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 | $11,447 |
| Net assets without donor restrictions | $7,475,482 |
| Net assets with donor restrictions | $1,535 |
| 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 | $7,488,464 |