Prater Volunteer Rescue Squad Inc
- Assets
- $687.5k
- Revenue
- $471.2k
- Investments
- $0.0
- Employees
- 8
- Location
- Vansant, VA
- Founding
- 07/1996
- Data as of
- 06/2020
- EIN
- 54-1788300
Organization Overview
Prater Volunteer Rescue Squad Inc is located in Vansant, VA. The organization was established in 1996. 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. As of 06/2020, Prater Volunteer Rescue Squad Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Prater 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 06/2020, Prater Volunteer Rescue Squad Inc generated $471.2k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 20.7% each year . All expenses for the organization totaled $239.0k during the year ending 06/2020. While expenses have increased by 19.0% 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S PRIMARY EXEPMT PURPOSE IS TO PROVIDE EMERGENCY MEDICAL AIDE AND TRANSPORT ASSISTANCE TO THE RESIDENTS OF BUCHANAN COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION, STAFFED PRIMARILY BY VOLUNTEERS, OPERATES A RESCUE SQUAD WHICH SERVES PRIMARILY THE RESIDENTS OF BUCHANAN COUNTY, VA. DURING THE FISCAL YEAR THE SQUAD RESPONDED TO HUNDREDS OF EMERGENCY CALLS, OFFERING FIRST AIDE AND MEDICAL TRANSPORT ASSISTANCE.
ACQUISITION OF EQUIPMENT NECESSARY TO CARRY OUT EXEMPT PURPOSE 1. COSTS INCLUDE DEPRECIATION ON EQUIPMENT ITEMS.
THE ORGANIZATION, STAFFED PRIMARILY BY VOLUNTEERS, OPERATES A RESCUE SQUAD WHICH SERVES PRIMARILY THE RESIDENTS OF BUCHANAN COUNTY, VA. DURING THE FISCAL YEAR THE SQUAD RESPONDED TO HUNDREDS OF EMERGENCY CALLS, OFFERING FIRST AIDE AND MEDICAL TRANSPORT ASSISTANCE.
ACQUISITION OF EQUIPMENT NECESSARY TO CARRY OUT EXEMPT PURPOSE 1. COSTS INCLUDE DEPRECIATION ON EQUIPMENT ITEMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tyler Ward Treasurer | Officer | 15 | $824 |
Hufferd Coleman President | OfficerTrustee | 15 | $0 |
Terry O'quinn Secretary | OfficerTrustee | 15 | $0 |
Harold O'quinn Director | Trustee | 1 | $0 |
Steve O'quinn Director | Trustee | 1 | $0 |
Ron Ratliff Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $129,442 |
| Investment income | $101 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $471,244 |
| Statement of Expenses | |
|---|---|
| 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. | $824 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $21,946 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,313 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,000 |
| 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 | $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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $39,356 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $238,953 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $277,820 |
| Savings and temporary cash investments | $100,442 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $687,506 |
| Accounts payable and accrued expenses | $6,689 |
| 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 | $6,689 |
| 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 |
| Total liabilities and net assets/fund balances | $680,817 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Prater Volunteer Rescue Squad Inc has recieved totaling $27,977.
| Awarding Organization | Amount |
|---|---|
Gary Sinise Foundation Nashville, TN PURPOSE: TO PURCHASE CUTTER AND SPREADER | $27,977 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Harrison County Emergency Squad Inc Clarksburg, WV | $7,631,431 | $4,621,290 |
Lincoln County Ems And Rescue Inc Stanford, KY | $1,978,191 | $2,737,633 |
50 & 210 Emergency Medical Services Inc Angier, NC | $0 | $1,054,139 |
Glenville-Cashiers Rescue Squad Inc Cashiers, NC | $2,077,318 | $1,451,339 |
Charlotte County Rescue Squad Inc Keysville, VA | $533,731 | $1,170,249 |
Gloucester Volunteer Fire And Rescue Squad Inc Gloucester, VA | $12,110,476 | $2,292,871 |
Alvin S Mintzes Hatzalah Of Baltimore Inc Baltimore, MD | $3,403,476 | $1,895,968 |
Wheaton Rescue Squad Inc Wheaton, MD | $7,583,040 | $1,215,275 |
Mcdowell County Rescue Squad & Ambulance Inc Marion, NC | $1,341,061 | $793,585 |
Appomattox County Rescue Squad Inc Appomattox, VA | $2,159,471 | $777,323 |
Pendleton County Emergency Rescue Inc Franklin, WV | $1,766,495 | $565,270 |
Northern Kentucky Emergency Medical Services Inc Ft Thomas, KY | $236,126 | $573,159 |