Minquas Fire Company 2 Inc
- Assets
- $3.3m
- Revenue
- $2.2m
- Investments
- $545.0k
- Employees
- 51
- Location
- Downingtown, PA
- Founding
- 04/2012
- Data as of
- 12/2022
- EIN
- 23-0534530
Organization Overview
Minquas Fire Company 2 Inc is located in Downingtown, PA. The organization was established in 2012. 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 12/2022, Minquas Fire Company 2 Inc employed 51 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Minquas Fire Company 2 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 12/2022, Minquas Fire Company 2 Inc generated $2.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.3% each year. All expenses for the organization totaled $2.4m during the year ending 12/2022. While expenses have increased by 8.0% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
FIRE PROTECTION AND AMBULANCE SERVICE FOR AREA RESIDENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
FIRE PROTECTION AND AMBULANCE SERVICE FOR AREA RESIDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert E Lee President | OfficerTrustee | 20 | $0 |
Joel Swisher Vice President | OfficerTrustee | 1 | $0 |
Joy Johnson Recording Secretary | OfficerTrustee | 6 | $0 |
Beth Rakoff Treasurer | OfficerTrustee | 6 | $0 |
Ethel Beebe Membership Secretary | OfficerTrustee | 6 | $0 |
Thomas Lee IV Trustee | Trustee | 6 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $148,071 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $142,678 |
| All other contributions, gifts, grants, and similar amounts not included above | $50,805 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $341,554 |
| Total Program Service Revenue | $1,836,472 |
| Investment income | $27,007 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $300 |
| Net Gain/Loss on Asset Sales | -$59,744 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,153,012 |
| 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 | $1,378,637 |
| Pension plan accruals and contributions | $21,362 |
| Other employee benefits | $192,774 |
| Payroll taxes | $101,306 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,595 |
| Fees for services: Accounting | $23,825 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,379 |
| Fees for services: Other | $149,522 |
| Advertising and promotion | $3,044 |
| Office expenses | $29,876 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $15,485 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,877 |
| Interest | $14,763 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $106,136 |
| Insurance | $71,381 |
| All other expenses | $34,418 |
| Total functional expenses | $2,357,178 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $295,221 |
| Savings and temporary cash investments | $5,753 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $492,779 |
| 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 | $1,926,085 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $544,994 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $15,106 |
| Total assets | $3,279,938 |
| Accounts payable and accrued expenses | $92,806 |
| 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 | $219,160 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $311,966 |
| Net assets without donor restrictions | $2,967,972 |
| 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 | $3,279,938 |