Summit Volunteer First Aid Squad Inc
- Assets
- $6.4m
- Revenue
- $548.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Summit, NJ
- Founding
- 09/1964
- Data as of
- 12/2021
- EIN
- 22-6063974
Organization Overview
Summit Volunteer First Aid Squad Inc is located in Summit, NJ. The organization was established in 1964. According to its NTEE Classification (E62) the organization is classified as: Emergency Medical Services & Transport, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Summit Volunteer First Aid 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 12/2021, Summit Volunteer First Aid Squad Inc generated $548.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.8%) each year. All expenses for the organization totaled $510.5k during the year ending 12/2021. 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
SUMMIT VOLUNTEER FIRST AID SQUADINC IS AN INDEPENDENT NONPROFIT CORP PROVIDING EMERGENCY MEDICAL SERVICES TRANSPORT SAFETY TRAINING
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SUMMIT VOLUNTEER FIRST AID SQUAD,INC IS AN INDEPENDENT NON-PROFIT CORPORATION DEDICATED TO PROVIDING EMERGENCY MEDICAL SERVICES, NON-EMERGENCY TRANSPORTATION AND SAFETY TRAINING TO THE SUMMIT NEW JERSEY COMMUNITY. STAFFED ENTIRELY BY VOLUNTEERS AND FUNDED SOLELY THROUGH PRIVATE CONTRIBUTIONS,SVFAS SERVICES ARE PROVIDED FREE OF CHARGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Caropreso President | OfficerTrustee | 20 | $0 |
John Buscaino Vice President | OfficerTrustee | 20 | $0 |
Rob Mcgrath Recording Secretary | OfficerTrustee | 20 | $0 |
Nora Burd Corresponding Sec | OfficerTrustee | 20 | $0 |
John Staunton Chief | OfficerTrustee | 20 | $0 |
Robert Mendes Treasurer | OfficerTrustee | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $44,237 |
| All other contributions, gifts, grants, and similar amounts not included above | $463,979 |
| Noncash contributions included in lines 1a–1f | $7,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $508,216 |
| Total Program Service Revenue | $0 |
| Investment income | $40,465 |
| 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 | $548,681 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $5,000 |
| 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 | $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 | $2,055 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $575 |
| Advertising and promotion | $0 |
| Office expenses | $7,157 |
| Information technology | $18,847 |
| Royalties | $0 |
| Occupancy | $83,111 |
| 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 | $209,528 |
| Insurance | $61,377 |
| All other expenses | $0 |
| Total functional expenses | $510,544 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $756,393 |
| 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 | $3,844,294 |
| Investments—publicly traded securities | $1,770,351 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,371,038 |
| 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 | $2,580,921 |
| Net assets with donor restrictions | $3,790,117 |
| 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 | $6,371,038 |
Grants Recieved
Over the last fiscal year, we have identified 16 grants that Summit Volunteer First Aid Squad Inc has recieved totaling $65,558.
| Awarding Organization | Amount |
|---|---|
Head Family Charitable Foundation Philadelphia, PA PURPOSE: EMERGENCY MEDICAL SERVICES | $25,000 |
Community Foundation Of New Jersey Morristown, NJ PURPOSE: GENERAL SUPPORT | $14,700 |
Overlook Foundation Summit, NJ PURPOSE: REPLACE ITS OLD AND OUTDATED FIRST RESPONDER VEHICLE | $10,000 |
George W Bauer Family Foundation Cranford, NJ PURPOSE: UNRESTRICTED | $10,000 |
William And Lisa Mcgahan Family Foundation Inc Dorado, PR PURPOSE: GENERAL SUPPORT | $1,025 |
Shallcross Family Foundation Inc North Palm Beach, FL PURPOSE: UNRESTRICTED GENERAL | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Emergycare Inc Erie, PA | $12,913,982 | $18,661,997 |
Lancaster Emergency Medical Services Association Millersville, PA | $17,157,525 | $16,491,001 |
Cetronia Ambulance Corps Inc Allentown, PA | $17,214,906 | $14,241,265 |
Hatzoloh Incorported Brooklyn, NY | $14,530,518 | $13,968,762 |
Lifestar Allentown, PA | $3,348,857 | $7,246,772 |
Starnet Emergency Services Inc Mount Kisco, NY | $8,046,942 | $10,445,284 |
Nonprofit Emergency Services Of Beaver County Beaver, PA | $8,074,829 | $9,611,142 |
Suburban Emergency Medical Services Palmer, PA | $8,243,365 | $11,085,285 |
Fayette Emergency Medical Services Connellsville, PA | $5,644,365 | $8,761,646 |
Western Berks Ambulance Association West Lawn, PA | $5,156,839 | $7,173,541 |
Emergency Transport Associates Inc Philadelphia, PA | $1,845,857 | $6,825,018 |
Chs Mobile Integrated Health Care Inc Rochester, NY | $5,243,723 | $7,263,116 |