Civic Intelligence

Chenango Bridge Fire Co Inc.

990 • Fiscal year 2021 • EIN 16-1158863

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 14, 2022

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

46th percentile

0.11x

Higher debt load relative to assets than 46% of similar nonprofits.

2021 filings • NTEE M24 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

44th percentile

0.40x

Higher debt load relative to revenue than 44% of similar nonprofits.

2021 filings • NTEE M24 • $1M-$5M nonprofits • Source year 2021

Net Margin

45th percentile

15%

Higher net margin than 45% of similar nonprofits.

2021 filings • NTEE M24 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

80th percentile

$0

Higher top officer pay than 80% of similar nonprofits.

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

2021 filings • NTEE M24 • $1M-$5M nonprofits • Source year 2021

Asset Growth

45th percentile

1.6%

Faster asset growth than 45% of similar nonprofits.

2021 filings • NTEE M24 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

41st percentile

2.2%

Faster revenue growth than 41% of similar nonprofits.

2021 filings • NTEE M24 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$1,290,428

Up $19,782 (+1.6%) from 2020

Net Assets

Up

$1,152,540

Up $51,536 (+4.7%) from 2020

Liabilities

Down

$137,888

Down $31,754 (-19%) from 2020

Revenue

Up

$347,369

Up $7,625 (+2.2%) from 2020

Expenses

Up

$295,833

Up $6,173 (+2.1%) from 2020

Net Income

Up

$51,536

Up $1,452 (+2.9%) from 2020

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

2021

Assets$1,290,428
Liabilities$137,888
Net Assets$1,152,540

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

2021

Revenue$347,369
Expenses$295,833
Net Income$51,536
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 14, 2022
Return Version
2021v4.0
Gross Receipts
$354,131
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
Savings and Temporary Cash Investments$555,130$625,226▲ $70,096
Land, Buildings, and Equipment, Net$671,482$617,115▼ $54,367
Cash and Non-Interest-Bearing Accounts$44,034$48,087▲ $4,053
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$1,270,646$1,290,428▲ $19,782
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property$169,642$137,888▼ $31,754
Total Liabilities$169,642$137,888▼ $31,754
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,084,612$1,137,062▲ $52,450
Net Assets With Donor Restrictions$16,392$15,478▼ $914
Total Net Assets Fund Balance$1,101,004$1,152,540▲ $51,536
Total Liabilities and Net Assets / Fund Balance$1,270,646$1,290,428▲ $19,782

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$339,231$1,621,366$1,960,597
Leasehold Improvements$239,779$75,448$315,227
Buildings-$161,114$161,114
Other Land Buildings$20,305$108,605$128,910
Land$17,800-$17,800
Compensation and Service Providers

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$341,396
Program Service Revenue
$0
Investment Income
$2,620
Other Revenue
$3,353
All Other Contributions
$22,341
Change in Net Assets
$51,536

Audited Revenue Reconciliation

Revenue per Audited Statements
$354,131
Revenue Not Reported on Financial Statements
$-6,762
Other Revenue Adjustments
$-6,762
Total Revenue per Audited Statements
$354,131
Total Revenue per Form 990
$347,369
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$295,833
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$102,026--$102,026
All Other Expenses$23,375$771-$24,146
Occupancy$19,954--$19,954
Insurance$17,768--$17,768
Other Expenses$17,286$20,020-$17,286
Fees for Services Accounting-$8,778-$8,778
Interest$6,020--$6,020
Fees for Services Other-$129-$129
Total Functional Expenses$266,135$29,698$0$295,833

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$302,595
Expenses per Audited Statements$295,833
Total Expenses per Form 990$295,833
Expenses Not Reported on Form 990$6,762
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$10,115
Fundraising Direct Expenses$6,762
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
2022-11-14
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 $6762

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IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0Sharon Follett
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0332273
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt04109
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0289660
IRS990/PYOtherRevenueAmt03362
IRS990/PYRevenuesLessExpensesAmt050084
IRS990/PYTotalExpensesAmt0289660
IRS990/PYTotalRevenueAmt0339744
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt051536
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0555130
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0625226
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0351511
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0341373
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0354462
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0315113
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0332895
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01695354
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt01120
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt04609
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0310
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0354
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0314
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt06707
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99610
IRS990ScheduleA/PublicSupportPY170Pct00.99650
IRS990ScheduleA/PublicSupportTotal170Amt01695354
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0351511
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0341373
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0354462
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0315113
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0332895
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01695354
IRS990ScheduleA/TotalSupportAmt01702061
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/BookValueAmt0339231
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01621366
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01960597
IRS990ScheduleD/ExpensesNotReportedAmt06762
IRS990ScheduleD/ExpensesSubtotalAmt0295833
IRS990ScheduleD/LandGrp/BookValueAmt017800
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt017800
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0239779
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt075448
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0315227
IRS990ScheduleD/OtherExpensesIncludedAmt06762
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt020305
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0108605
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0128910
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0-6762
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0-6762
IRS990ScheduleD/RevenueSubtotalAmt0354131
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Fundraising Expenses $6762
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part XII, Line 2d: Other expenses and losses per audited F/S
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0617115
IRS990ScheduleD/TotalExpensesPerForm990Amt0295833
IRS990ScheduleD/TotalRevenuePerForm990Amt0347369
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0354131
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0302595
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/TotalAssetsBOYAmt01270646
IRS990/TotalAssetsEOYAmt01290428
IRS990/TotalAssetsGrp/BOYAmt01270646
IRS990/TotalAssetsGrp/EOYAmt01290428
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0341396
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt029698
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0266135
IRS990/TotalFunctionalExpensesGrp/TotalAmt0295833
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0169642
IRS990/TotalLiabilitiesEOYAmt0137888
IRS990/TotalLiabilitiesGrp/BOYAmt0169642
IRS990/TotalLiabilitiesGrp/EOYAmt0137888
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01101004
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01152540
IRS990/TotalProgramServiceExpensesAmt0266135
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalRevenueGrp/ExclusionAmt04473
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01500
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0347369
IRS990/TotalVolunteersCnt050
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01270646
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01290428
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO Box 12

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