Bowers Fire Company Inc
- Assets
- $2.2m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 35
- Location
- Frederica, DE
- Founding
- 03/1968
- Data as of
- 12/2023
- EIN
- 51-0227120
Organization Overview
Bowers Fire Company Inc is located in Frederica, DE. The organization was established in 1968. 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, Bowers Fire Company Inc employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bowers Fire Company 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 12/2023, Bowers Fire Company Inc generated $1.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $993.0k during the year ending 12/2023. While expenses have increased by 8.5% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE FIRE, AMBULANCE AND OTHER RESCUE SERVICES TO THE COMMUNITY OF BOWERS BEACH, DELAWARE
Describe the Organization's Program Activity:
Part 3 - Line 4a
FIRE, AMBULANCE, AND OTHER RESCUE SERVICE EFFORTS
FIRE, AMBULANCE, AND OTHER RESCUE SERVICE EFFORTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mille Boc Ladies Bod | OfficerTrustee | $0 | |
Doug Duke Chief | OfficerTrustee | $0 | |
Angela Guild Treasurer | OfficerTrustee | $0 | |
Jeremy Minner President | OfficerTrustee | $0 | |
Philip Pennington Bod 2 | OfficerTrustee | $0 | |
Jessica Sawyer Ambulance Ca | OfficerTrustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $769,493 |
| All other contributions, gifts, grants, and similar amounts not included above | $110,188 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $879,681 |
| Total Program Service Revenue | $93,065 |
| Investment income | $9,050 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $20,699 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $38,859 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,041,354 |
| 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 | $33,645 |
| 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 | $278,615 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $22,923 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,892 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $376,683 |
| Advertising and promotion | $0 |
| Office expenses | $6,325 |
| Information technology | $3,603 |
| 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 | $2,554 |
| Interest | $517 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $203,597 |
| Insurance | $48,678 |
| All other expenses | $0 |
| Total functional expenses | $993,032 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$2 |
| Savings and temporary cash investments | $655,511 |
| 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 | $1,224,240 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $345,894 |
| Total assets | $2,225,643 |
| 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 | $35,821 |
| Total liabilities | $35,821 |
| Net assets without donor restrictions | $2,189,822 |
| 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 | $2,225,643 |