Preston Volunteer Fire Co Inc
- Assets
- $1.8m
- Revenue
- $484.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Preston, MD
- Founding
- 11/1944
- Data as of
- 12/2021
- EIN
- 52-6054249
Organization Overview
Preston Volunteer Fire Co Inc is located in Preston, MD. The organization was established in 1944. 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. Preston Volunteer Fire Co Inc 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 12/2021, Preston Volunteer Fire Co Inc generated $484.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.1% each year . All expenses for the organization totaled $353.7k during the year ending 12/2021. While expenses have increased by 1.7% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE VOLUNTEER FIRE AND AMBULANCE SERVICES TO TOWN OF PRESTON AND SURROUNDING AREAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE VOLUNTEER FIRE AND AMBULANCE SERVICE TO THE TOWN OF PRESTON AND SURROUNDING AREAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Russell Dukes President | Officer | 7 | $0 |
Carrie Heinrich Secretary | Officer | 4 | $0 |
Harold Brice Vice President | Officer | 7 | $0 |
Marie Wielgosz Treasurer | Officer | 7 | $0 |
James Brooks 5th Trustee | Trustee | 7 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $321,396 |
| All other contributions, gifts, grants, and similar amounts not included above | $120,928 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $442,324 |
| Total Program Service Revenue | $0 |
| Investment income | $1,897 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $4,250 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $35,593 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $484,064 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,532 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,405 |
| Office expenses | $4,368 |
| Information technology | $1,510 |
| Royalties | $0 |
| Occupancy | $52,059 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $375 |
| Interest | $8,175 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $154,820 |
| Insurance | $46,557 |
| All other expenses | $1,232 |
| Total functional expenses | $353,734 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $666,748 |
| 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 | $1,147,601 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,814,349 |
| Accounts payable and accrued expenses | $10,583 |
| 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 | $184,723 |
| Other liabilities | $0 |
| Total liabilities | $195,306 |
| 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 | $1,619,043 |
| Total liabilities and net assets/fund balances | $1,814,349 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Preston Volunteer Fire Co Inc has recieved totaling $20,983.
| Awarding Organization | Amount |
|---|---|
Firehouse Subs Public Safety Foundation Inc Jacksonville, FL PURPOSE: Operational Support | $20,983 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Carroll County Volunteer Emergency Service Association Inc Westminster, MD | $1,470,779 | $13,949,806 |
International Associationn Of Fire Chiefs Inc Chantilly, VA | $10,766,474 | $12,593,917 |
Lebanon Fire Department First Aid And Safety Patrol Lebanon, PA | $3,051,934 | $7,011,761 |
National Fire Sprinkler Industry Promotion Fund Linthicum Heights, MD | $14,612,494 | $9,027,679 |
National Fire Sprinkler Association Inc Linthicum Heights, MD | $8,710,871 | $6,765,849 |
Christiana Fire Company Christiana, DE | $14,091,551 | $5,152,567 |
National Fallen Firefighters Foundation Emmitsburg, MD | $13,063,869 | $5,837,501 |
Seiu District 1201 Health & Welfare Fund Local 1201 Health & Welfare Fund Philadelphia, PA | $0 | $4,907,634 |
Dale City Volunteer Fire Department Woodbridge, VA | $7,117,028 | $3,710,497 |
Bel Air Volunteer Fire Company Inc Bel Air, MD | $40,870,165 | $6,845,750 |
William M Singerly Steam Fire Elkton, MD | $16,184,680 | $4,351,064 |
Westminster Fire Engine And Hose Company No 1 Inc Westminster, MD | $7,274,184 | $3,523,670 |