Lakeside Volunteer Rescue Squad Inc
- Assets
- $1.2m
- Revenue
- $782.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Richmond, VA
- Founding
- 04/1959
- Data as of
- 06/2021
- EIN
- 54-1029030
Organization Overview
Lakeside Volunteer Rescue Squad Inc is located in Richmond, VA. The organization was established in 1959. 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. Lakeside Volunteer 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 06/2021, Lakeside Volunteer Rescue Squad Inc generated $782.5k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 23.8% each year . All expenses for the organization totaled $475.3k during the year ending 06/2021. While expenses have increased by 8.6% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE VOLUNTEER AMBULANCE SERVICE
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED TWENTY-FOUR HOUR A DAY EMERGENCY AMBULANCE AND RESCUE SERVICE TO THE GENERAL PUBLIC AT NO CHARGE WITH PRIMARILY VOLUNTEER STAFF.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lauren Diaz President | OfficerTrustee | 5 | $0 |
Andrew Inge Operations Officer | OfficerTrustee | 5 | $0 |
Megan Middleton Training Officer | OfficerTrustee | 10 | $0 |
Trey Powers Automotive Officer (end 12/20) | OfficerTrustee | 10 | $0 |
Konner Lawson Automotive Officer (beg 01/21) | OfficerTrustee | 10 | $0 |
Tracie Delano Secretary | OfficerTrustee | 7 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $91,032 |
| All other contributions, gifts, grants, and similar amounts not included above | $667,310 |
| Noncash contributions included in lines 1a–1f | $40,813 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $758,342 |
| Total Program Service Revenue | $50 |
| Investment income | $5,189 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $9,953 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $782,481 |
| 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 | $10 |
| Fees for services: Accounting | $2,980 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,316 |
| Fees for services: Other | $6,517 |
| Advertising and promotion | $0 |
| Office expenses | $27,647 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $11,445 |
| Travel | $8,189 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,073 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $283,427 |
| Insurance | $37,619 |
| All other expenses | $4,382 |
| Total functional expenses | $475,341 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $129,334 |
| Savings and temporary cash investments | $194 |
| 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 | $289,856 |
| Investments—publicly traded securities | $808,507 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,227,891 |
| Accounts payable and accrued expenses | $3,896 |
| 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 | $145,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $148,896 |
| Net assets without donor restrictions | $1,078,995 |
| 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 | $1,227,891 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Lakeside Volunteer Rescue Squad Inc has recieved totaling $1,100.
| Awarding Organization | Amount |
|---|---|
Cecil R And Edna S Hopkins Family Foundation Glen Allen, VA PURPOSE: CHARITABLE SUPPORT | $1,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $100 |
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 |