Civic Intelligence

Chenango Bridge Fire Co Inc.

990 • Fiscal year 2020 • EIN 16-1158863

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 05, 2021

PO Box 12Chenango Bridge, NY 13745

(607) 648-5742

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

50th percentile

0.13x

Higher debt load relative to assets than 50% of similar nonprofits.

2020 filings • NTEE M24 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

47th percentile

0.50x

Higher debt load relative to revenue than 47% of similar nonprofits.

2020 filings • NTEE M24 • $1M-$5M nonprofits • Source year 2020

Net Margin

47th percentile

15%

Higher net margin than 47% of similar nonprofits.

2020 filings • NTEE M24 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • NTEE M24 • $1M-$5M nonprofits • Source year 2020

Asset Growth

52nd percentile

1.6%

Faster asset growth than 52% of similar nonprofits.

2020 filings • NTEE M24 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

37th percentile

-4.2%

Faster revenue growth than 37% of similar nonprofits.

2020 filings • NTEE M24 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$1,270,646

Up $19,587 (+1.6%) from 2019

Net Assets

Up

$1,101,004

Up $50,084 (+4.8%) from 2019

Liabilities

Down

$169,642

Down $30,497 (-15%) from 2019

Revenue

Down

$339,744

Down $15,028 (-4.2%) from 2019

Expenses

Up

$289,660

Up $11,179 (+4.0%) from 2019

Net Income

Down

$50,084

Down $26,207 (-34%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2012: $463,121Liabilities 2012: $53,745Net Assets 2012: $409,3762012Assets 2013: $483,543Liabilities 2013: $4,168Net Assets 2013: $479,3752013Assets 2014: $586,819Liabilities 2014: $0Net Assets 2014: $586,8192014Assets 2015: $708,176Liabilities 2015: $0Net Assets 2015: $708,1762015Assets 2016: $777,915Liabilities 2016: $0Net Assets 2016: $777,9152016Assets 2017: $876,862Liabilities 2017: $0Net Assets 2017: $876,8622017Assets 2018: $1,205,158Liabilities 2018: $230,529Net Assets 2018: $974,6292018Assets 2019: $1,251,059Liabilities 2019: $200,139Net Assets 2019: $1,050,9202019Assets 2020: $1,270,646Liabilities 2020: $169,642Net Assets 2020: $1,101,0042020Assets 2021: $1,290,428Liabilities 2021: $137,888Net Assets 2021: $1,152,5402021Assets 2022: $1,320,477Liabilities 2022: $105,007Net Assets 2022: $1,215,4702022Assets 2023: $1,383,698Liabilities 2023: $70,961Net Assets 2023: $1,312,7372023Assets 2024: $1,442,437Liabilities 2024: $35,710Net Assets 2024: $1,406,7272024

Highlighted filing

2020

Assets$1,270,646
Liabilities$169,642
Net Assets$1,101,004

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0Revenue 2012: $328,030Expenses 2012: $254,902Net Income 2012: $73,1282012Revenue 2013: $304,261Expenses 2013: $234,262Net Income 2013: $69,9992013Revenue 2014: $320,485Expenses 2014: $213,041Net Income 2014: $107,4442014Revenue 2015: $315,791Expenses 2015: $194,434Net Income 2015: $121,3572015Revenue 2016: $315,984Expenses 2016: $246,245Net Income 2016: $69,7392016Revenue 2017: $323,106Expenses 2017: $224,159Net Income 2017: $98,9472017Revenue 2018: $315,467Expenses 2018: $217,700Net Income 2018: $97,7672018Revenue 2019: $354,772Expenses 2019: $278,481Net Income 2019: $76,2912019Revenue 2020: $339,744Expenses 2020: $289,660Net Income 2020: $50,0842020Revenue 2021: $347,369Expenses 2021: $295,833Net Income 2021: $51,5362021Revenue 2022: $342,874Expenses 2022: $279,944Net Income 2022: $62,9302022Revenue 2023: $421,005Expenses 2023: $323,738Net Income 2023: $97,2672023Revenue 2024: $415,566Expenses 2024: $321,576Net Income 2024: $93,9902024

Highlighted filing

2020

Revenue$339,744
Expenses$289,660
Net Income$50,084
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 5, 2021
Return Version
2020v4.0
Gross Receipts
$347,482
Mission and Program Overview

Mission

The organization's purpose is to acquire and own fire apparatus for use by its members to protect persons and property from injury, loss, and damage in the Town of Chenango, Broome County, NY.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$743,381$671,482▼ $71,899
Savings and Temporary Cash Investments$474,487$555,130▲ $80,643
Cash and Non-Interest-Bearing Accounts$33,191$44,034▲ $10,843
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$1,251,059$1,270,646▲ $19,587
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property$200,139$169,642▼ $30,497
Total Liabilities$200,139$169,642▼ $30,497
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,034,952$1,084,612▲ $49,660
Net Assets With Donor Restrictions$15,968$16,392▲ $424
Total Net Assets Fund Balance$1,050,920$1,101,004▲ $50,084
Total Liabilities and Net Assets / Fund Balance$1,251,059$1,270,646▲ $19,587

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$395,207$1,547,449$1,942,656
Leasehold Improvements$226,759$61,250$288,009
Buildings-$161,114$161,114
Other Land Buildings$31,716$97,194$128,910
Land$17,800-$17,800
Compensation and Service Providers

Board Members and Trustees

NameTitle
Peter SchiraldiPresident
Brendon LawrenceVice President
Bruce KrizanBoard Member
Jesse DaytonBoard Member
Kerri HamiltonBoard Member
Robert CroswellBoard Member
Jeff NearSecretary
Sharon FollettTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$332,273
Program Service Revenue
$0
Investment Income
$4,109
Other Revenue
$3,362
All Other Contributions
$13,218
Change in Net Assets
$50,084

Audited Revenue Reconciliation

Revenue per Audited Statements
$345,482
Revenue Not Reported on Financial Statements
$-5,738
Other Revenue Adjustments
$-5,738
Total Revenue per Audited Statements
$345,482
Total Revenue per Form 990
$339,744
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$289,660
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$108,782--$108,782
All Other Expenses$9,094$12,872-$21,966
Insurance$19,971--$19,971
Occupancy$17,933--$17,933
Other Expenses$11,285--$11,285
Fees for Services Accounting-$8,825-$8,825
Interest$7,277--$7,277
Office Expenses$140--$140
Fees for Services Other-$123-$123
Fees for Services Legal-$98-$98
Total Functional Expenses$267,742$21,918$0$289,660

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$295,398
Expenses per Audited Statements$289,660
Total Expenses per Form 990$289,660
Expenses Not Reported on Form 990$5,738
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$9,100
Fundraising Direct Expenses$5,738
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder

The Organization has three classes of membership; Firematic, Emergency Medical Services and Associate Membership.

Form 990, Part VI, Line 11B: Form 990 Review Process

Form 990 is prepared by independent CPA and provided to all board members for review prior to filing.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Any conflicts of interest with an officer or famiy member of an officer are required to be disclosed in writing. A direct or indirect monetary, financial or other material benefit as a result of a contract with the fire company is reviewed by the board of directors and that individual is recused from discussing and voting on the matter. The Company also has a conflict of interest policy regarding investment holdings, private employment in conflict with official duties, and future employment.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Audited financial statements are provided to the Town of Chenango, all officers of the Organization, and to any member or taxpayer of the Town of Chenango requesting a copy.

Filing and Contact Details

Filer

Filer Name
Chenango Bridge Fire Co Inc
EIN
16-1158863
Phone
6076485742
Address
PO Box 12, Chenango Bridge, NY 13745

Signing Officer

Name
Sharon Follett
Title
Treasurer
Signed
2021-11-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sharon Follett
Formed
1938
Legal Domicile
Ny
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
50

Preparer

Firm
Mondorf & Fenwick CPAs PLLC
Address
523 Columbia Drive, Johnson City, NY 13790
Preparer
Kirk C Blackman CPA
Phone
6077974339
Supplemental Narrative

Financial Statement Notes

Part XII, Line 2D: Other expenses and losses per audited F/S

Fundraising Expenses $5738

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IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0Sharon Follett
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0336406
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt011110
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0278481
IRS990/PYOtherRevenueAmt07256
IRS990/PYRevenuesLessExpensesAmt076291
IRS990/PYTotalExpensesAmt0278481
IRS990/PYTotalRevenueAmt0354772
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt050084
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0474487
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0555130
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0341373
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0354462
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0315113
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0332895
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0324000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01667843
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt04609
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0310
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0354
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0314
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0326
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt05913
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99650
IRS990ScheduleA/PublicSupportPY170Pct00.99870
IRS990ScheduleA/PublicSupportTotal170Amt01667843
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0341373
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0354462
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0315113
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0332895
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0324000
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01667843
IRS990ScheduleA/TotalSupportAmt01673756
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0161114
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0161114
IRS990ScheduleD/EquipmentGrp/BookValueAmt0395207
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01547449
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01942656
IRS990ScheduleD/ExpensesNotReportedAmt05738
IRS990ScheduleD/ExpensesSubtotalAmt0289660
IRS990ScheduleD/LandGrp/BookValueAmt017800
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt017800
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0226759
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt061250
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0288009
IRS990ScheduleD/OtherExpensesIncludedAmt05738
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt031716
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt097194
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0128910
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0-5738
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0-5738
IRS990ScheduleD/RevenueSubtotalAmt0345482
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Fundraising Expenses $5738
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part XII, Line 2d: Other expenses and losses per audited F/S
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0671482
IRS990ScheduleD/TotalExpensesPerForm990Amt0289660
IRS990ScheduleD/TotalRevenuePerForm990Amt0339744
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0345482
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0295398
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Organization has three classes of membership; Firematic, Emergency Medical Services and Associate Membership.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Form 990 is prepared by independent CPA and provided to all board members for review prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Any conflicts of interest with an officer or famiy member of an officer are required to be disclosed in writing. A direct or indirect monetary, financial or other material benefit as a result of a contract with the fire company is reviewed by the board of directors and that individual is recused from discussing and voting on the matter. The Company also has a conflict of interest policy regarding investment holdings, private employment in conflict with official duties, and future employment.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Audited financial statements are provided to the Town of Chenango, all officers of the Organization, and to any member or taxpayer of the Town of Chenango requesting a copy.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01251059
IRS990/TotalAssetsEOYAmt01270646
IRS990/TotalAssetsGrp/BOYAmt01251059
IRS990/TotalAssetsGrp/EOYAmt01270646
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0332273
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt021918
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0267742
IRS990/TotalFunctionalExpensesGrp/TotalAmt0289660
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0200139
IRS990/TotalLiabilitiesEOYAmt0169642
IRS990/TotalLiabilitiesGrp/BOYAmt0200139
IRS990/TotalLiabilitiesGrp/EOYAmt0169642
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01050920
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01101004
IRS990/TotalProgramServiceExpensesAmt0267742
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalRevenueGrp/ExclusionAmt07971
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0-500
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0339744
IRS990/TotalVolunteersCnt050
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01251059
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01270646
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X

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