Wachapreague Volunteer Fire Co Inc
- Assets
- $3.0m
- Revenue
- $554.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Wachapreague, VA
- Founding
- 02/2000
- Data as of
- 12/2021
- EIN
- 54-6054484
Organization Overview
Wachapreague Volunteer Fire Co Inc is located in Wachapreague, VA. The organization was established in 2000. 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. Wachapreague Volunteer Fire Co 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 12/2021, Wachapreague Volunteer Fire Co Inc generated $554.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.6% each year . All expenses for the organization totaled $272.1k during the year ending 12/2021. While expenses have increased by 6.3% 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
VOLUNTEER FIRE DEPARTMENT PROVIDING GOVERNMENT-IN-NATURE SERVICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
VOLUNTEER FIRE AND RESCUE SQUAD SERVING THE CITIZENS OF WACHAPREAGUE, VIRGNIA PLUS NEIGHBORING COMMUNITIES ON THE EASTERN SHORE OF VIRGINIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wayne Dize Vice Preside | OfficerTrustee | $0 | |
David Fluhart President | Officer | $0 | |
Elizabeth Walraven Secretary | Officer | $0 | |
Missy Wessells Treasurer | Officer | $0 | |
Ben Byrd Board Member | Trustee | $0 | |
Robert Evanoff Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,200 |
| Related organizations | $0 |
| Government grants | $222,453 |
| All other contributions, gifts, grants, and similar amounts not included above | $19,868 |
| Noncash contributions included in lines 1a–1f | $3,275 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $243,521 |
| Total Program Service Revenue | $142,729 |
| Investment income | $108,302 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $59,652 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $554,204 |
| 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 | $4,711 |
| 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 | $39,486 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,375 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $56,425 |
| Advertising and promotion | $514 |
| Office expenses | $1,730 |
| Information technology | $4,373 |
| Royalties | $0 |
| Occupancy | $7,661 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $938 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $43,360 |
| Insurance | $26,801 |
| All other expenses | $6,321 |
| Total functional expenses | $272,142 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $192,366 |
| 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 | $860,286 |
| Investments—publicly traded securities | $1,943,761 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $30,336 |
| Total assets | $3,026,749 |
| 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 | $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 | $3,026,749 |
| Total liabilities and net assets/fund balances | $3,026,749 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Wachapreague Volunteer Fire Co Inc has recieved totaling $600.
| Awarding Organization | Amount |
|---|---|
Payne Family Charitable Foundation Virginia Beach, VA PURPOSE: ENHANCE A FIRE DEPARTMENT ABILITY TO PROTECT THE COMMUNITY. | $500 |
J Kent Mcnew Family Foundation Annapolis, MD PURPOSE: TO SUPPORT EMERGENCY RESPONSE | $100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pender Ems And Fire Inc Burgaw, NC | $19,524,688 | $14,920,877 |
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 |
Garner Volunteer Fire-Rescue Inc Garner, NC | $6,394,549 | $8,127,398 |
Skyland Fire And Rescue Corporation Skyland, NC | $15,076,970 | $10,092,495 |
National Fire Sprinkler Industry Promotion Fund Linthicum Heights, MD | $14,612,494 | $9,027,679 |
North Chatham Volunteer Fire Department Inc Pittsboro, NC | $11,817,166 | $6,905,959 |
National Fire Sprinkler Association Inc Linthicum Heights, MD | $8,710,871 | $6,765,849 |
National Fallen Firefighters Foundation Emmitsburg, MD | $13,063,869 | $5,837,501 |
Pinecroft Sedgefield Fire District Inc Greensboro, NC | $6,483,293 | $4,321,110 |
Huntersville Fire Department Inc Huntersville, NC | $8,312,506 | $5,482,903 |
Mills River Volunteer Fire Department Inc Mills River, NC | $14,441,453 | $2,283,937 |