Norwood Fire Co-1
- Assets
- $1.4m
- Revenue
- $753.1k
- Investments
- $323.9k
- Employees
- 29
- Location
- Norwood, PA
- Founding
- 11/1950
- Data as of
- 12/2023
- EIN
- 23-6297394
Organization Overview
Norwood Fire Co-1 is located in Norwood, PA. The organization was established in 1950. 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, Norwood Fire Co-1 employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Norwood Fire Co-1 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 12/2023, Norwood Fire Co-1 generated $753.1k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $583.7k during the year ending 12/2023. While expenses have increased by 3.6% per year over the past 4 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
THE MISSION IS TO PROVIDE FIRE AND AMBULANCE SERVICES FOR THE TOWN OF NORWOOD. THE FIRE COMPANY SERVICES A RESIDENTIAL AREA OF APPROXIMATELY ONE SQUARE MILE CONSISTING OF ABOUT 2,000 HOMES WITH A POPULATION EXCEEDING 10,000 PEOPLE. THE AMBULANCE SERVICE IS FOR THE TOWN OF NORWOOD AND ALSO SIX OTHER SURROUNDING COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FIRE SERVICE IS FOR THE TOWN OF NORWOOD. THE FIRE COMPANY SERVICES A RESIDENTIAL AREA OF APPROXIMATELY ONE SQUARE MILE CONSISTING OF ABOUT 2,000 HOMES WITH A POPULATION OF MORE THAN 5,900 PEOPLE.
AMBULANCE SERVICE IS FOR THE TOWN OF NORWOOD AND SIX OTHER SURROUNDING COMMUNITIES WHICH INCLUDE GLENOLDEN, PROSPECT PARK, RIDLEY PARK, HOLMES, MORTON SECANE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Helene M Bierman Billing Collection | Officer | 35 | $52,332 |
Dave Bradley Financial Secretary | OfficerTrustee | 15 | $18,670 |
Christopher Stephano Treasurer | OfficerTrustee | 35 | $16,207 |
William R Bierman Pres | OfficerTrustee | 15 | $0 |
Douglas Fagan Vice Pres | OfficerTrustee | 15 | $0 |
Brian O'doherty Recording Secretary | OfficerTrustee | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $59,317 |
| All other contributions, gifts, grants, and similar amounts not included above | $25,219 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $84,536 |
| Total Program Service Revenue | $664,663 |
| Investment income | $3,950 |
| 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 | $753,149 |
| 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. | $87,209 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $305,396 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,955 |
| Payroll taxes | $49,000 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,367 |
| Fees for services: Accounting | $6,848 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $18,883 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,625 |
| 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 | $51,660 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $583,650 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $84,846 |
| 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 | $764,823 |
| Investments—publicly traded securities | $110,151 |
| Investments—other securities | $323,944 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $139,775 |
| Total assets | $1,423,539 |
| 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 | $1,411,001 |
| Net assets with donor restrictions | $12,538 |
| 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 | $1,423,539 |