Cranston Permanent Firefighters Association Inc
- Assets
- $1.2m
- Revenue
- $218.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Cranston, RI
- Founding
- 03/1982
- Data as of
- 12/2021
- EIN
- 05-0366041
Organization Overview
Cranston Permanent Firefighters Association Inc is located in Cranston, RI. The organization was established in 1982. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cranston Permanent Firefighters Association Inc is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 12/2021, Cranston Permanent Firefighters Association Inc generated $218.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $103.5k during the year ending 12/2021. While expenses have increased by 5.3% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION PROVIDES LIFE INSURANCE AND MEDICAL BENEFITS TO ITS MEMBERS. SEE PART III
Describe the Organization's Program Activity:
Part 3 - Line 4a
293 FIREFIGHTERS WITH 155 ACTIVE MEMBERS AND 138 RETIRED MEMBERS BELONG TO THE ORGANIZATION WITH ANNUAL DUES OF $212 PAID BIWEEKLY BY ACTIVE MEMBERS AND ANNUAL DUES OF $90 PAID MONTHLY FOR RETIRED MEMBERS. MEMBERS OVER 65 YEARS OF AGE PAY NO DUES.PAYMENTS FOR LIFE INSURANCE TO ACTIVE MEMBERS ARE COVERED FOR $7,000 IF THE INVESTMENT ACCOUNT IS OVER $2.5 MILLION DOLLARS IN ASSETS AND $5,500 OF LIFE INSURANCE PROCEEDS UP TO AGE 65 IF THE INVESTMENT ACCOUNT ISBELOW $2.5 MILLION IN ASSETS AND THEN $3,000 THEREAFTER REACHING THE AGE OF 65. A LOSS OF A DEPENDENT OF A MEMBER WHILE BEING EMPLOYED WILL RECEIVE $1,500 IN LIFE INSURANCE BENEFITS PAYMENTS FOR MEDICAL REIMBURSEMENTS, EACH MEMBER COULD RECEIVE UP TO A MAXIMUM OF $900 FOR MEDICAL REIMBURSEMENT IN A CALENDAR YEAR
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christian Lamonthe Director | Trustee | 1 | $1,500 |
Johathan Warren President | Officer | 1 | $1,250 |
Salvatore Savattere Secretary | Officer | 1 | $1,250 |
Michael Procopio Director | Trustee | 1 | $500 |
David Broullard Director | Trustee | 1 | $500 |
Richard Bedard Past Director | Trustee | 1 | $500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $37,282 |
| 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 | $37,282 |
| Total Program Service Revenue | $0 |
| Investment income | $20,285 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $161,275 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $218,842 |
| 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 | $61,412 |
| Compensation of current officers, directors, key employees. | $5,500 |
| Compensation of current officers, directors, key employees. | $5,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $25,596 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,872 |
| 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 | $5,900 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $338 |
| All other expenses | $0 |
| Total functional expenses | $103,518 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,927 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $1,172,783 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,200,710 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $1,200,710 |
| Total liabilities and net assets/fund balances | $1,200,710 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Boston Firefighters Credit Union Dorchester, MA | $398,016,214 | $13,830,110 |
International Association Of Fire Fighters Boston, MA | $7,227,013 | $4,228,502 |
Brookfield Volunteer Fire Company Inc Brookfield, CT | $3,595,891 | $2,413,051 |
National Fire Protection Research Foundation Quincy, MA | $17,158,542 | $2,688,627 |
Long Ridge Fire Company Incorporated Stamford, CT | $568,344 | $1,863,691 |
Naugatuck Ambulance Inc Naugatuck, CT | $561,818 | $1,635,551 |
Albion Fire District Albion, RI | $0 | $1,371,679 |
Jamestown Fire Department Jamestown, RI | $466,657 | $1,110,213 |
Weston Volunteer Fire Dept Inc Weston, CT | $9,011,250 | $813,992 |
Clinton Volunteer Fire Department Clinton, CT | $842,125 | $1,059,012 |
The Williamantic Switchboard Fire Chiefs Association Incorporated Willimantic, CT | $529,841 | $930,521 |
Worcester Fire Dept Credit Union Worcester, MA | $50,213,280 | $946,881 |