Swannanoa Volunteer Fire Department & Rescue Squad Inc
- Assets
- $5.1m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 34
- Location
- Swannanoa, NC
- Founding
- 03/1978
- Data as of
- 06/2023
- EIN
- 56-1184138
Organization Overview
Swannanoa Volunteer Fire Department & Rescue Squad Inc is located in Swannanoa, NC. The organization was established in 1978. 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 06/2023, Swannanoa Volunteer Fire Department & Rescue Squad Inc employed 34 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Swannanoa Volunteer Fire Department & 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 06/2023, Swannanoa Volunteer Fire Department & Rescue Squad Inc generated $2.6m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $2.3m during the year ending 06/2023. While expenses have increased by 6.9% per year over the past 4 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
FIRE PROTECTION AND FIRST RESPONDER EMERGENCY MEDICAL SERVICES FOR THE CITIZENS LIVING IN, OR VISITING , THE SWANNANOA FIRE DISTRICT PORTION OF BUNCOMBE COUNTY
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE DEPARTMENT PROVIDED 24 HOUR COVERAGE FOR 365 DAYS, DURING WHICH RESPONDED TO 1,875 CALLS TO CITIZENS IN NEED OF EMERGENCY FIRE OR MEDICAL PROTECTION
N/A
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony Penland Fire Chief | Officer | 40 | $96,794 |
David Knighton Board Member | Trustee | 0 | $1,420 |
Charles M Norton Board Treasurer | Trustee | 0 | $1,380 |
Ron Hillabrand Board Chairman | Trustee | 0 | $1,360 |
Mark Mcmeans Board Member | Trustee | 0 | $1,340 |
Jeff Buice Board Member | Trustee | 0 | $1,320 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,576,709 |
| Investment income | $14,602 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $400 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,591,711 |
| 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. | $106,964 |
| Compensation of current officers, directors, key employees. | $10,170 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,118,195 |
| Pension plan accruals and contributions | $91,706 |
| Other employee benefits | $12,980 |
| Payroll taxes | $91,047 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,650 |
| Fees for services: Accounting | $7,850 |
| 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 | $30,018 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $43,169 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,546 |
| Interest | $55,755 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $284,446 |
| Insurance | $259,169 |
| All other expenses | $0 |
| Total functional expenses | $2,296,474 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $28,521 |
| Savings and temporary cash investments | $1,234,500 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $237,720 |
| 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 | $2,551 |
| Net Land, buildings, and equipment | $3,564,034 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,067,326 |
| Accounts payable and accrued expenses | $142,338 |
| 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 | $2,120,357 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,262,695 |
| Net assets without donor restrictions | $2,804,631 |
| 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 | $5,067,326 |