Virginia Beach Professional Fire & Ems Local 2924
- Assets
- $1.1m
- Revenue
- $281.4k
- Investments
- $0.0
- Employees
- 3
- Location
- Virginia Beach, VA
- Founding
- 00/0000
- Data as of
- 04/2023
- EIN
- 54-1294504
Organization Overview
Virginia Beach Professional Fire & Ems Local 2924, operating under the name VA Beach Prof Fire & EMS Local, is located in Virginia Beach, VA. The organization was established in 0000. 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 04/2023, VA Beach Prof Fire & EMS Local employed 3 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. VA Beach Prof Fire & EMS Local is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 04/2023, VA Beach Prof Fire & EMS Local generated $281.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $105.5k during the year ending 04/2023. 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
PROMOTE THE SOCIAL WELFARE, FIRE SAFETY AND EDUCATION OF ITS MEMBERSHIP AND THE WIDOWS AND WIDOWERS OF FIRE FIGHTERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FINANCIAL AID TO WIDOWS AND WIDOWERS OF FIRE FIGHTERS, PROMOTE THE SCOCIAL WELFARE, FIRE SAFETY AND EDUCATION OF ITS MEMBERS AND MEMBER LIFE INSURANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Max Ganono President | Officer | 10 | $14,400 |
Justin D Cooke Treasurer | Officer | 5 | $6,500 |
James Reagan Treasurer | Officer | 5 | $1,300 |
Keith Laufette Trustee | Trustee | 5 | $0 |
Ned Lowery Trustee | Trustee | 5 | $0 |
Andrew Conlon Admin | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $259,572 |
| Investment income | $8,414 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $7,918 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $5,448 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $281,370 |
| 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 | $30,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,652 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $154 |
| Fees for services: Accounting | $4,720 |
| 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 | $5,354 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $489 |
| 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 | $10,647 |
| Insurance | $3,834 |
| All other expenses | $31,446 |
| Total functional expenses | $105,494 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $134,944 |
| 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 | $16,228 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $530,975 |
| Investments—publicly traded securities | $408,279 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,795 |
| Total assets | $1,097,221 |
| Accounts payable and accrued expenses | $14,424 |
| 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 | $14,424 |
| Net assets without donor restrictions | $1,082,797 |
| 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 | $1,097,221 |