Bassett Rescue Squad Incorporated
- Assets
- $176.0k
- Revenue
- $74.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Bassett, VA
- Founding
- 01/1974
- Data as of
- 12/2021
- EIN
- 54-0939626
Organization Overview
Bassett Rescue Squad Incorporated is located in Bassett, VA. The organization was established in 1974. According to its NTEE Classification (E62) the organization is classified as: Emergency Medical Services & Transport, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bassett Rescue Squad Incorporated 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 12/2021, Bassett Rescue Squad Incorporated generated $74.3k 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 (19.4%) each year. All expenses for the organization totaled $125.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (11.8%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
RESCUE SQUAD OPERATIONS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION IS RESPONSIBLE FOR RESCUE OPERATIONS IN THE BASSETT AREA OF VIRGINIA. SQUAD MEMBERS ADMINISTER FIRST AID AND TEACH SAFETY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ray Cooley President | OfficerTrustee | 2 | $0 |
Patti Wilkins Secretary | OfficerTrustee | 2 | $0 |
Chris Ashley Vice President | OfficerTrustee | 2 | $0 |
Melissa Delello Treasurer | OfficerTrustee | 2 | $0 |
W Marcus Stone Director | Trustee | 2 | $0 |
Paul Kennedy Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $3,298 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,446 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,744 |
| Total Program Service Revenue | $50,130 |
| Investment income | $945 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $12,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $74,345 |
| 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 | $3,770 |
| 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 | $8,869 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $24,416 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,196 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $26,192 |
| All other expenses | $13,916 |
| Total functional expenses | $125,568 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,880 |
| Savings and temporary cash investments | $159,868 |
| 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 | $0 |
| Investments—publicly traded securities | $8,234 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $175,982 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $175,982 |
| Total liabilities and net assets/fund balances | $175,982 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Bassett Rescue Squad Incorporated has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Healthnet Aeromedical Services Inc Charleston, WV | $39,359,657 | $42,193,095 |
Memphis Medical Center Air Ambulance Service Inc Memphis, TN | $52,176,003 | $31,799,991 |
Sandy Valley Transportation Services Inc Prestonsburg, KY | $8,772,616 | $10,534,380 |
Monongalia Emergency Medical Services Inc Morgantown, WV | $4,567,760 | $10,479,493 |
Morristown Hamblen Emergency Medical Service Company Morristown, TN | $2,987,795 | $7,412,179 |
Ambulance Service Corporation Inc Glasgow, KY | $8,091,736 | $5,725,219 |
Community Rescue Service Inc Hagerstown, MD | $5,784,414 | $6,112,116 |
Piedmont Triad Ambulance & Rescue Inc High Point, NC | $5,387,528 | $5,724,646 |
Princeton Rescue Squad Inc Princeton, WV | $6,888,373 | $5,148,962 |
The National Capital Poison Center Washington, DC | $10,615,640 | $5,832,012 |
Ambulance Inc Of Laurel County London, KY | $1,730,148 | $4,966,913 |
Mercy Regional Emergency Medical System Llc Paducah, KY | $3,616,978 | $5,468,325 |