Malvern Fire Company
- Assets
- $2.9m
- Revenue
- $1.3m
- Investments
- $261.1k
- Employees
- 36
- Location
- Malvern, PA
- Founding
- 05/1995
- Data as of
- 01/2023
- EIN
- 23-6280021
Organization Overview
Malvern Fire Company is located in Malvern, PA. The organization was established in 1995. 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 01/2023, Malvern Fire Company employed 36 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Malvern Fire Company 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 01/2023, Malvern Fire Company generated $1.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (4.5%) each year. All expenses for the organization totaled $1.3m during the year ending 01/2023. 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
PROVIDE VOLUNTEER FIRE FIGHTING AND OTHER EMERGENCY RELATED SERVICES FOR THE COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE VOLUNTEER FIRE FIGHTING AND AMBULANCE SERVICE AND OTHER EMERGENCY RELATED SERVICES FOR THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Marziani Trustee | Trustee | 8 | $0 |
Barry Patton Trustee | Trustee | 8 | $0 |
Neil Vaughn Trustee | Trustee | 8 | $0 |
Beth T Nields Secretary | Officer | 8 | $0 |
Matt Miles Chairman | Officer | 8 | $0 |
Joseph Lebresco President | Officer | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $50 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $424,539 |
| All other contributions, gifts, grants, and similar amounts not included above | $162,881 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $587,470 |
| Total Program Service Revenue | $619,667 |
| Investment income | $5,957 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $43,913 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,261,313 |
| 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 | $193 |
| 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 | $630,168 |
| Pension plan accruals and contributions | $7,755 |
| Other employee benefits | $44,340 |
| Payroll taxes | $51,268 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,667 |
| Fees for services: Accounting | $13,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $10,257 |
| Fees for services: Investment Management | $1,411 |
| Fees for services: Other | $8,635 |
| Advertising and promotion | $0 |
| Office expenses | $4,021 |
| Information technology | $21,546 |
| 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 | $7,550 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $133,756 |
| Insurance | $104,152 |
| All other expenses | $109,816 |
| Total functional expenses | $1,347,175 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $669,399 |
| 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 | $21,447 |
| Net Land, buildings, and equipment | $1,940,313 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $261,136 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,892,295 |
| 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 | $311,330 |
| Total liabilities | $311,330 |
| 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 | $2,580,965 |
| Total liabilities and net assets/fund balances | $2,892,295 |