Redwood Volunteer Fire Department Inc
- Assets
- $2.5m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 49
- Location
- Durham, NC
- Founding
- 01/1981
- Data as of
- 06/2022
- EIN
- 56-1269230
Organization Overview
Redwood Volunteer Fire Department Inc is located in Durham, NC. The organization was established in 1981. 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 06/2022, Redwood Volunteer Fire Department Inc employed 49 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Redwood Volunteer Fire Department Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 06/2022, Redwood Volunteer Fire Department Inc generated $1.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $1.0m during the year ending 06/2022. While expenses have increased by 0.5% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROTECT PERSONS AND PROPERTY FROM INJURY, LOSS, DAMAGE OR DESTRUCTION BY FIRE AND TO PROVIDE EMERGENCY MEDICAL SERVICE
Describe the Organization's Program Activity:
Part 3 - Line 4a
REDWOOD PROVIDES FIRE, RESCUE AND EMERGENCY MEDICAL SERVICES TO DURHAM COUNTY
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen E Riggsbee Director | Trustee | 1 | $0 |
David Pennell Director | Trustee | 1 | $0 |
Walter B Morris Director | Trustee | 1 | $17,118 |
Garland R Maurer Director | Trustee | 20 | $30,300 |
Daniel Lee Director | Trustee | 1 | $0 |
Randy Clements Fire Chief | Trustee | 20 | $42,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $189,129 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,370 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $196,499 |
| Total Program Service Revenue | $1,117,107 |
| Investment income | $27 |
| 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 | $1,341,064 |
| 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. | $142,034 |
| Compensation of current officers, directors, key employees. | $30,335 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $489,195 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $50,317 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $43,891 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $36 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,935 |
| Travel | $372 |
| 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 | $140,711 |
| Insurance | $45,837 |
| All other expenses | $16,517 |
| Total functional expenses | $1,019,282 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $935,498 |
| Savings and temporary cash investments | $337,359 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $18,318 |
| 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 | $10,745 |
| Net Land, buildings, and equipment | $1,182,545 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $21,865 |
| Total assets | $2,506,330 |
| Accounts payable and accrued expenses | $97,416 |
| 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 | $97,416 |
| Net assets without donor restrictions | $2,346,419 |
| Net assets with donor restrictions | $62,495 |
| 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 | $2,506,330 |