Wheaton Rescue Squad Inc
- Assets
- $7.6m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Wheaton, MD
- Founding
- 04/2001
- Data as of
- 06/2022
- EIN
- 52-0796809
Organization Overview
Wheaton Rescue Squad Inc is located in Wheaton, MD. The organization was established in 2001. According to its NTEE Classification (M23) the organization is classified as: Search & Rescue Squads, 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. Wheaton 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, Wheaton Rescue Squad Inc generated $1.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.5%) each year. All expenses for the organization totaled $909.5k during the year ending 06/2022. 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
THE MISSION OF THE WHEATON VOLUNTEER RESCUE SQUAD (WVRS) IS TO PROTECT THE PUBLICS HEALTH AND SAFETY IN PARTNERSHIP WITH THE MONTGOMERY COUNTY FIRE AND RESCUE SERVICES. THE WVRS IS A VOLUNTEER, NOT-FOR-PROFIT CORPORATION THAT PROVIDES EMERGENCY SERVICES TO ANY PERSON IN NEED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDED EMS AND RESCUE SERVICES AT NO CHARGE TO THE RECIPIENTS OF THESE SERVICES. TRAINED PERSONNEL RESPONDED TO 10,338 EMERGENCY CALLS FOR THESE SERVICES HAVING AN ESTIMATED VALUE OF $7,136,000. THE ORGANIZATION ALSO PARTICIPATES WITH AND MAINTAINS ITS PRESENCE IN THE LOCAL RESIDENTIAL AND BUSINESS COMMUNITIES SERVED IN ORDER TO COMPLEMENT AND MAXIMIZE THE VALUE OF EMS AND RESCUE SERVICES PROVIDED. FOR EXAMPLE, IN AN EFFORT TO INTERACT DIRECTLY WITH THE COMMUNITY, THE ORGANIZATION SPONSORS AN ANNUAL OPEN HOUSE. OTHER COMMUNITY OUTREACH ACTIVITIES INCLUDE THE HOSTING OF CHILDREN'S BIRTHDAY PARTIES DURING THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Louis Kaufman President | OfficerTrustee | 20 | $0 |
Brian Mcginness Vice President | OfficerTrustee | 8 | $0 |
Teddy Schrenk Vice President | OfficerTrustee | 8 | $0 |
Jay Gruber Treasurer | OfficerTrustee | 15 | $0 |
Rhonda Cohen Secretary | OfficerTrustee | 2 | $0 |
Mark Dempsey Chief | OfficerTrustee | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $65,170 |
| Related organizations | $0 |
| Government grants | $634,124 |
| All other contributions, gifts, grants, and similar amounts not included above | $330,368 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,029,662 |
| Total Program Service Revenue | $40,546 |
| Investment income | $3,604 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$54,310 |
| Net Gain/Loss on Asset Sales | $239,099 |
| Net Income from Fundraising Events | -$43,326 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,215,275 |
| 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 | $5,578 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $45,045 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $25,850 |
| Information technology | $2,465 |
| 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 | $99,328 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $420,440 |
| Insurance | $0 |
| All other expenses | $22,737 |
| Total functional expenses | $909,518 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,129,252 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $16,215 |
| 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 | $5,327,720 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $109,853 |
| Total assets | $7,583,040 |
| Accounts payable and accrued expenses | $22,669 |
| 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 | $2,255,942 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $42,508 |
| Total liabilities | $2,321,119 |
| Net assets without donor restrictions | $5,261,921 |
| 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 | $7,583,040 |