Firemens Chartable & Benevolent Assoc
- Assets
- $16.4m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 16
- Location
- New Orleans, LA
- Founding
- 00/0000
- Data as of
- 12/2023
- EIN
- 72-0423618
Organization Overview
Firemens Chartable & Benevolent Assoc is located in New Orleans, LA. The organization was established in 0000. 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 12/2023, Firemens Chartable & Benevolent Assoc employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Firemens Chartable & Benevolent Assoc is a 501(c)(8) and as such, is described as a "Fraternal Beneficiary Society and/or Association" by the IRS.
For the year ending 12/2023, Firemens Chartable & Benevolent Assoc generated $2.4m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $1.4m during the year ending 12/2023. While expenses have increased by 1.1% per year over the past 5 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
TO MAINTAIN A SYSTEM OF RELIEF AND BENEVOLENCE TO PROTECT AND ASSIST IT'S MEMBERS, WIDOWS AND ORPHANS
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERS, SPOUSE AND CHILDREN UP TO $12 PER PRESCRIPTION REIMBURSEMENTS
EXPENSE REIMBURSEMENT FOR HOSPITALS
MEMBERS AND SPOUSES RECEIVE UP TO $500 PER FUNERAL
ORGANIZATION RETAINS TWO PHYSICIANS WHICH PROVIDE FREE OFFICE VISITS TO MEMBERS AS NEEDED
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donald Mckay Jr Vice President | Trustee | 1 | $0 |
Pat Mcmahon Secretary/treasury | Trustee | 40 | $0 |
James F Mckay III President | Trustee | 1 | $0 |
Robert Danner Vice President | Trustee | 1 | $0 |
Leonard Gately III Vice President | Trustee | 1 | $0 |
Robert Goertz Vice President | Trustee | 1 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $890 |
| Investment income | $308,251 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $757,988 |
| 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 | $270,857 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,361,448 |
| 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 | $72,497 |
| 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 | $501,028 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $39,177 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,510 |
| Fees for services: Accounting | $9,480 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $17,935 |
| 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 | $22,652 |
| Insurance | $131,493 |
| All other expenses | $587,015 |
| Total functional expenses | $1,396,787 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $460,637 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $53,460 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,389,949 |
| Prepaid expenses and deferred charges | $45,310 |
| Net Land, buildings, and equipment | $4,216,782 |
| Investments—publicly traded securities | $10,256,918 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $16,423,056 |
| Accounts payable and accrued expenses | $8,516 |
| Grants payable | $0 |
| Deferred revenue | $141,821 |
| 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 | $23,248 |
| Total liabilities | $173,585 |
| Net assets without donor restrictions | $16,249,471 |
| 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 | $16,423,056 |