Valmead Volunteer Fire Department Inc
- Assets
- $544.9k
- Revenue
- $335.8k
- Investments
- $0.0
- Employees
- 6
- Location
- Lenoir, NC
- Founding
- 09/1999
- Data as of
- 06/2021
- EIN
- 58-1487839
Organization Overview
Valmead Volunteer Fire Department Inc is located in Lenoir, NC. The organization was established in 1999. 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 06/2021, Valmead Volunteer Fire Department Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Valmead Volunteer Fire Department 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 06/2021, Valmead Volunteer Fire Department Inc generated $335.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $155.2k during the year ending 06/2021. 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 & FIRE PREVENTION
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE FIRE PROTECTION TO THE CITIZENS OF CALDWELL COUNTY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phillip Crump Secretary | Officer | 2 | $4,456 |
Brett Ingram Treasurer | Officer | 10 | $0 |
Terrance Banner Vice President | Officer | 2 | $0 |
Chris Barlow President | Officer | 2 | $0 |
Chad Gragg Director | Trustee | 2 | $0 |
Maurice Yates Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $145,686 |
| Investment income | $158 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $335,843 |
| Statement of Expenses | |
|---|---|
| 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. | $4,456 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $24,018 |
| Pension plan accruals and contributions | $43 |
| Other employee benefits | $0 |
| Payroll taxes | $2,195 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,540 |
| 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 | $530 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,804 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,356 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $32,288 |
| Insurance | $25,268 |
| All other expenses | $0 |
| Total functional expenses | $155,158 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $204,637 |
| Savings and temporary cash investments | $97,625 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,634 |
| Total assets | $544,941 |
| Accounts payable and accrued expenses | $796 |
| 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 | $796 |
| 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 |
| Total liabilities and net assets/fund balances | $544,145 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Southside Communities Fire Protection Inc Savannah, GA | $20,623,767 | $30,281,659 |
Pender Ems And Fire Inc Burgaw, NC | $19,524,688 | $14,920,877 |
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 |
North Chatham Volunteer Fire Department Inc Pittsboro, NC | $11,817,166 | $6,905,959 |
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 |
Dale City Volunteer Fire Department Woodbridge, VA | $7,117,028 | $3,710,497 |
Bay Leaf Volunteer Fire Dept Incorporated Raleigh, NC | $1,414,462 | $4,050,092 |
Pelzer Rescue Squad Pelzer, SC | $5,410,410 | $4,603,491 |