Sugar Hill-Montford Cove Volunteer Fire Department Inc
- Assets
- $1.2m
- Revenue
- $490.0k
- Investments
- $0.0
- Employees
- 7
- Location
- Marion, NC
- Founding
- 04/1989
- Data as of
- 06/2023
- EIN
- 56-1405439
Organization Overview
Sugar Hill-Montford Cove Volunteer Fire Department Inc is located in Marion, NC. The organization was established in 1989. According to its NTEE Classification (M19) the organization is classified as: Support N.E.C., under the broad grouping of Public Safety, Disaster Preparedness & Relief and related organizations. As of 06/2023, Sugar Hill-Montford Cove Volunteer Fire Department Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sugar Hill-Montford Cove Volunteer Fire Department 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, Sugar Hill-Montford Cove Volunteer Fire Department Inc generated $490.0k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 17.0% each year . All expenses for the organization totaled $416.4k during the year ending 06/2023. While expenses have increased by 19.0% per year over the past 8 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
THE FIRE DEPARTMENT PROVIDES EMERGENCY FIRE PROTECTION AND OTHER EMERGENCY SERVICES TO THE COMMUNITY TO INCLUDE MEDICAL RESPONSE, RESCUE, AND FIRE PREVENTION AND EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED EMERGENCY FIRE PROTECTION AND OTHER EMERGENCY SERVICES TO THE COMMUNITY INCLUDING MEDICAL RESPONSE, RESCUE, AND FIRE PREVENTION AND EDUCATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Justin Calhoun Director | Trustee | 3 | $0 |
Grayson England Director | Trustee | 3 | $0 |
William Poteat Director | Trustee | 3 | $0 |
Zeb Wyatt Director | Trustee | 3 | $0 |
Corey Presnell Director | Trustee | 3 | $0 |
Caleb Mckinney Director | Trustee | 3 | $0 |
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 | $484,903 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $484,903 |
| Total Program Service Revenue | $0 |
| Investment income | $5,056 |
| 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 | $489,959 |
| 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 | $108,751 |
| Pension plan accruals and contributions | $3,684 |
| Other employee benefits | $5,246 |
| Payroll taxes | $8,604 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $375 |
| Fees for services: Accounting | $3,450 |
| 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 | $1,978 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $14,238 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,713 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $114,879 |
| Insurance | $21,321 |
| All other expenses | $16,539 |
| Total functional expenses | $416,426 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,598 |
| Savings and temporary cash investments | $121,934 |
| 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 | $954,068 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $148,303 |
| Total assets | $1,237,903 |
| 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 | $234,761 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $234,761 |
| Net assets without donor restrictions | $1,003,142 |
| 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 | $1,237,903 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fire Industry Education And Research Organization Inc Charlotte, NC | $80,779 | $537,973 |
Bald Head Island Public Service Auxiliary Bald Head Island, NC | $36,390 | $484,639 |
Sugar Hill-Montford Cove Volunteer Fire Department Inc Marion, NC | $1,237,903 | $489,959 |
Emergency Chaplains Inc Durham, NC | $337,598 | $216,791 |
Hill & High Water Wilmington, NC | $17,811 | $0 |
Back The Back Blue Buckhead Inc Atlanta, GA | $141,023 | $0 |
Box 55 Association Madison, TN | $243,136 | $77,567 |
Milton First Responders Foundation Inc Milton, GA | $185,179 | $0 |
Independence Volunteer Fire Dept Independence, VA | $2,699,407 | $228,054 |
Summerfield Firefighters Charitable Corporation Summerfield, NC | $38,264 | $0 |
The Cyber Guild Foundation Mclean, VA | $0 | $0 |