Hockessin Fire Company
- Assets
- $5.3m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 52
- Location
- Hockessin, DE
- Founding
- 04/1952
- Data as of
- 12/2022
- EIN
- 51-6016981
Organization Overview
Hockessin Fire Company is located in Hockessin, DE. The organization was established in 1952. 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, Hockessin Fire Company employed 52 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hockessin 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, Hockessin Fire Company generated $2.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $3.0m during the year ending 12/2022. While expenses have increased by 4.5% 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
PROTECT AGAINST THE LOSS OF LIFE AND PROPERTY THROUGH FIRE PREVENTION AND FIRE SUPPRESSION, RESCUE AND AMBULANCE SERVICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
VOLUNTEER FIRE COMPANY
BANQUET HALL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Carrier President | OfficerTrustee | 0 | $0 |
Robert Perrone Jr Vice President | OfficerTrustee | 0 | $0 |
James Thompson Treasurer | OfficerTrustee | 0 | $0 |
Helen Forwood Recording Secretary | OfficerTrustee | 0 | $0 |
Michael A Perrone Fire Chief | OfficerTrustee | 0 | $0 |
Anthony Delsignore Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $44 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $506,825 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,136,991 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,643,860 |
| Total Program Service Revenue | $1,010,216 |
| Investment income | $30,425 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $245,303 |
| Net Gain/Loss on Asset Sales | -$35,288 |
| Net Income from Fundraising Events | $14,198 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,910,164 |
| 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 | $1,327,035 |
| Pension plan accruals and contributions | $94,702 |
| Other employee benefits | $0 |
| Payroll taxes | $104,676 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,784 |
| Fees for services: Other | $5,202 |
| Advertising and promotion | $17,522 |
| Office expenses | $0 |
| 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 | $7,897 |
| Interest | $2,109 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $386,910 |
| Insurance | $281,662 |
| All other expenses | $317,271 |
| Total functional expenses | $3,001,454 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $391,863 |
| Savings and temporary cash investments | $205,155 |
| 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 | $3,714,274 |
| Investments—publicly traded securities | $966,940 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,278,232 |
| 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 | $113,217 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,679 |
| Total liabilities | $121,896 |
| Net assets without donor restrictions | $5,156,336 |
| 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 | $5,278,232 |