Lowes Volunteer Fire Department Inc
- Assets
- $183.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lowes, KY
- Founding
- 04/1987
- Data as of
- 12/2021
- EIN
- 61-1117057
Organization Overview
Lowes Volunteer Fire Department Inc is located in Lowes, KY. The organization was established in 1987. 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. Lowes 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 12/2021, Lowes Volunteer Fire Department Inc generated $31.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (4.5%) each year. All expenses for the organization totaled $17.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (7.5%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
TO MAINTAIN A VOLUNTEER FIRE DEPAREMENT FOR RURAL COMMUNITIES, SERVES APPROCIMATELY 500 RESIDENTS, FARMS, CHURCHES, AND SCHOOLS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Wilkerson Chairman | 1 | $0 | |
Bill Sears Vice Chairman | 1 | $0 | |
Debra Sears Secretary | 1 | $0 | |
Ersel Rust Director | 1 | $0 | |
Johnny Sears Director | 1 | $0 | |
Nathan Wilkerson Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,000 |
| Total Program Service Revenue | $0 |
| Membership dues | $20,833 |
| Investment income | $24 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $31,857 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $275 |
| Occupancy, rent, utilities, and maintenance | $7,277 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $10,280 |
| Total expenses | $17,832 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $71,934 |
| Other assets | $0 |
| Total assets | $183,200 |
| Total liabilities | $0 |
| Net assets or fund balances | $183,200 |