Shaft Volunteer Fire Co
- Assets
- $384.6k
- Revenue
- $410.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Frostburg, MD
- Founding
- 12/1940
- Data as of
- 12/2023
- EIN
- 52-0558783
Organization Overview
Shaft Volunteer Fire Co is located in Frostburg, MD. The organization was established in 1940. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Shaft Volunteer Fire Co is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2023, Shaft Volunteer Fire Co generated $410.7k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.6% each year . All expenses for the organization totaled $346.3k during the year ending 12/2023. While expenses have increased by 19.1% 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
FIRE & RESCUE OPERATIONS; VOLUTEER FIREFIGHTERS, EMERGENCY MEDICAL & FIRST RESPONDER AID TO UNINCORPORATED COMMUNITY OF SHAFT, MD AND SURROUNDING AREAS
Describe the Organization's Program Activity:
Part 3 - Line 4a
FIRE & RESCUE OPERATIONS - VOLUNTEER FIREFIGHTERS PROVIDE FIRE PROTECTION & EMERGENCY MEDICAL/FIRST RESPONDER AID TO THE UNINCORPORATED COMMUNITIES OF SHAFT, MIDLOTHIAN, KLONDIKE, WOODLAND, GRAHAMTOWN, WRIGHTS CROSSING, & CARLOS & ALSO PROVIDE MUTUAL AID TO FROSTBURG & OTHER SURROUNDING AREAS AS DISPATCHED BY THE COUNTY. THE FIREFIGHTERS ALSO ASSIST WITH FLOODED BASEMENTS, ACCIDENTS & OTHER EMERGENCIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Samantha Bennett Head Trustee | Trustee | 4 | $0 |
Andrea Bennett Secretary | 4 | $0 | |
Roger Bennett President | 4 | $0 | |
Michael Murphy Treasurer | 4 | $0 | |
William Simons Vice President | 4 | $0 | |
Carrie Hughes Financial Secretary | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $40 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $177,589 |
| All other contributions, gifts, grants, and similar amounts not included above | $19,788 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $197,417 |
| Total Program Service Revenue | $0 |
| Investment income | $2,897 |
| 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 | $200,897 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $410,699 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $1,500 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| 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 | $2,891 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $50,315 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $375 |
| Interest | $6,599 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $66,155 |
| Insurance | $22,162 |
| All other expenses | $16,602 |
| Total functional expenses | $346,259 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $129,411 |
| Savings and temporary cash investments | $84,303 |
| 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 | $170,899 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $384,613 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $16,476 |
| 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 | $416,571 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $433,047 |
| Net assets without donor restrictions | -$48,434 |
| 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 | $384,613 |