Civic Intelligence

Fair Haven Volunteer Fire Co #1

990 • Fiscal year 2017 • EIN 22-2517908

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 13, 2018

Corner Of River Battin RdFair Haven, NJ 07704

(732) 747-3167

Siviq Scores

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

Liabilities / Assets

25th percentile

0.00x

Higher debt load relative to assets than 25% of similar nonprofits.

2017 filings • NTEE M24 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

26th percentile

0.03x

Higher debt load relative to revenue than 26% of similar nonprofits.

2017 filings • NTEE M24 • $1M-$5M nonprofits • Source year 2017

Net Margin

42nd percentile

11%

Higher net margin than 42% of similar nonprofits.

2017 filings • NTEE M24 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

85th percentile

$500

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 0.3% of source-year revenue.

2017 filings • NTEE M24 • $1M-$5M nonprofits • Source year 2017

Asset Growth

44th percentile

0.2%

Faster asset growth than 44% of similar nonprofits.

2017 filings • NTEE M24 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

10th percentile

-20%

Faster revenue growth than 10% of similar nonprofits.

2017 filings • NTEE M24 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$2,248,245

Up $3,835 (+0.2%) from 2016

Net Assets

Up

$2,241,845

Up $16,435 (+0.7%) from 2016

Liabilities

Down

$6,400

Down $12,600 (-66%) from 2016

Revenue

Down

$192,943

Down $49,212 (-20%) from 2016

Expenses

Down

$172,386

Down $13,540 (-7.3%) from 2016

Net Income

Down

$20,557

Down $35,672 (-63%) from 2016

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2011: $1,924,171Liabilities 2011: $7,000Net Assets 2011: $1,917,1712011Assets 2012: $1,998,031Liabilities 2012: $13,300Net Assets 2012: $1,984,7312012Assets 2013: $2,042,555Liabilities 2013: $6,300Net Assets 2013: $2,036,2552013Assets 2014: $2,109,049Liabilities 2014: $9,896Net Assets 2014: $2,099,1532014Assets 2015: $2,181,686Liabilities 2015: $12,600Net Assets 2015: $2,169,0862015Assets 2016: $2,244,410Liabilities 2016: $19,000Net Assets 2016: $2,225,4102016Assets 2017: $2,248,245Liabilities 2017: $6,400Net Assets 2017: $2,241,8452017Assets 2021: $2,506,125Liabilities 2021: $29,968Net Assets 2021: $2,476,1572021Assets 2022: $2,494,684Liabilities 2022: $43,280Net Assets 2022: $2,451,4042022Assets 2023: $2,639,693Liabilities 2023: $14,912Net Assets 2023: $2,624,7812023Assets 2024: $2,712,987Liabilities 2024: $14,416Net Assets 2024: $2,698,5712024

Highlighted filing

2017

Assets$2,248,245
Liabilities$6,400
Net Assets$2,241,845

Operations Trend

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

$400K$300K$200K$100K$0Expenses 2011: $153,7652011Expenses 2012: $139,2872012Revenue 2013: $201,654Expenses 2013: $151,543Net Income 2013: $50,1112013Revenue 2014: $231,060Expenses 2014: $169,349Net Income 2014: $61,7112014Revenue 2015: $245,903Expenses 2015: $181,311Net Income 2015: $64,5922015Revenue 2016: $242,155Expenses 2016: $185,926Net Income 2016: $56,2292016Revenue 2017: $192,943Expenses 2017: $172,386Net Income 2017: $20,5572017Revenue 2021: $342,424Expenses 2021: $231,485Net Income 2021: $110,9392021Revenue 2022: $362,612Expenses 2022: $249,384Net Income 2022: $113,2282022Revenue 2023: $372,701Expenses 2023: $238,997Net Income 2023: $133,7042023Revenue 2024: $341,020Expenses 2024: $254,999Net Income 2024: $86,0212024

Highlighted filing

2017

Revenue$192,943
Expenses$172,386
Net Income$20,557
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 13, 2018
Return Version
2017v2.3
Gross Receipts
$1,178,473
Mission and Program Overview

Mission

Fire fighting and prevention for the community of fair haven

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$927,137$928,573▲ $1,436
Investments in Publicly Traded Securities$6,944$356,576▲ $349,632
Cash and Non-Interest-Bearing Accounts$421,474$340,419▼ $81,055
Savings and Temporary Cash Investments$613,710$334,504▼ $279,206
Investments Other Securities$263,743$271,461▲ $7,718
Prepaid Expenses and Deferred Charges$11,402$11,759▲ $357
Total Assets$2,244,410$2,248,245▲ $3,835
Other Assets Total$0$4,953▲ $4,953
Liabilities
Accounts Payable and Accrued Expenses$19,000$6,400▼ $12,600
Total Liabilities$19,000$6,400▼ $12,600
Net Assets / Fund Balance
Unrestricted Net Assets$2,225,410$2,241,845▲ $16,435
Total Net Assets Fund Balance$2,225,410$2,241,845▲ $16,435
Total Liabilities and Net Assets / Fund Balance$2,244,410$2,248,245▲ $3,835

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$795,069$751,674$1,546,743
Equipment$45,177$179,498$224,675
Other Land Buildings$28,327$49,555$77,882
Land$60,000-$60,000
Other Securities$134,123--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Andrew SchrankTreasurerPT$500$500
Raquel FaloticoRecording SecretaryPT$500$500
Tim MorrisseyChief-$500$500

Board Members and Trustees

NameTitle
John W FelsmannPresident
Hal TrentonTrustee
Paul LenskoldTrustee
Robert FrankTrustee
Christopher Schrank1st Asst Chief
Matthew Bufano2nd Ass Chief
Patricia BrettAssistant Financial Secret
Gene StefanelliAssistant Secretary
Matt DepontiDeputy Chief
Pat CorbettFinancial Secretary
Jim CerrutiVP
Revenue and Support

Revenue Composition

Contributions and Grants
$9,438
Program Service Revenue
$0
Investment Income
$11,418
Other Revenue
$172,087
All Other Contributions
$3,900
Change in Net Assets
$20,557

Audited Revenue Reconciliation

Revenue per Audited Statements
$192,943
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$341,150
Total Revenue per Audited Statements
$534,093
Total Revenue per Form 990
$192,943
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$172,386
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$51,902--$51,902
Conferences and Meetings-$33,694-$33,694
Occupancy$24,990--$24,990
Insurance$23,161--$23,161
Office Expenses$14,070--$14,070
Information Technology$3,636--$3,636
All Other Expenses$1,800--$1,800
Fees for Services Accounting-$1,561-$1,561
Other Expenses$1,088$4,000-$1,088
Total Functional Expenses$133,131$39,255$0$172,386

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$517,658
Expenses Not Reported on Form 990$345,272
Expenses per Audited Statements$172,386
Total Expenses per Form 990$172,386
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
Yes
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$491,946
Fundraising Direct Expenses$331,427
Gaming Gross Income$25,375
Gaming Direct Expenses$13,845
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
FIREMEN'S FAIR$438,578$438,578$19,881$418,697
Christmas Trees$23,945$23,945$9,901$14,044
Total Events$491,946$491,946$331,427$160,519
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The board reviews the form 990 before filing and signing the return.

Form 990, Part VI, Section C, Line 19

The board provides copies of the organizations form 990, financial statements and nj charitable registration upon request.

Filing and Contact Details

Filer

Filer Name
FAIR HAVEN VOLUNTEER FIRE CO #1
EIN
22-2517908
Phone
7327473167
Address
CORNER OF RIVER BATTIN RD, FAIR HAVEN, NJ 07704

Signing Officer

Name
Andrew Schrank
Title
Treasurer
Phone
7327473167
Signed
2018-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Andrew Schrank
Formed
1904
Legal Domicile
Nj
Voting Board Members
14
Independent Board Members
14
Employees
0
Volunteers
30

Preparer

Firm
The Curchin Group LLC
Address
200 SCHULZ DR STE 400, RED BANK, NJ 07701-6745
Preparer
Lynn Conover
Phone
7327470500
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The process has not changed from prior year

Financial Statement Notes

PART X, LINE 2:

The organization follows the accounting guidance for uncertain tax positions, which clarifies the accounting and recognition for tax positions taken or expected to be taken in its income tax returns. The organization recognizes the tax benefits from uncertain tax positions only if it is more likely than not that a tax postion will be sustained on examination by the taxing authorities,based upon the technical merits of the position. Management has determined that there are no unrecognized tax benefits that will signficantly increase or decrease over the next twelve months

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Fundraising direct expenses

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Fundraising direct expenses

Raw XML AppendixShowing 400 of 467 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/OtherExpensesGrp/ProgramServicesAmt22051
IRS990/OtherExpensesGrp/ProgramServicesAmt31088
IRS990/OtherExpensesGrp/TotalAmt011406
IRS990/OtherExpensesGrp/TotalAmt13027
IRS990/OtherExpensesGrp/TotalAmt22051
IRS990/OtherExpensesGrp/TotalAmt31088
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER REVENUE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt038
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt038
IRS990/OtherRevenueTotalAmt038
IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt011402
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt011759
IRS990/PrincipalOfficerNm0ANDREW SCHRANK
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt023288
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt09852
IRS990/PYOtherExpensesAmt0185926
IRS990/PYOtherRevenueAmt0209015
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt056229
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0185926
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0242155
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt020557
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0613710
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0334504
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0795069
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0751674
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01546743
IRS990ScheduleD/EquipmentGrp/BookValueAmt045177
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0179498
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0224675
IRS990ScheduleD/ExpensesNotReportedAmt0345272
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0172386
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt060000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt060000
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-4122
IRS990ScheduleD/OtherExpensesIncludedAmt0345272
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt028327
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt049555
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt077882
IRS990ScheduleD/OtherRevenueAmt0345272
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0137338
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1134123
IRS990ScheduleD/OtherSecuritiesGrp/Desc0AMERICAN GENERAL ANNUITY
IRS990ScheduleD/OtherSecuritiesGrp/Desc1PRINCIPLE LIFE ANNUITY
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
IRS990ScheduleD/RevenueNotReportedAmt0341150
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0192943
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION FOLLOWS THE ACCOUNTING GUIDANCE FOR UNCERTAIN TAX POSITIONS, WHICH CLARIFIES THE ACCOUNTING AND RECOGNITION FOR TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN ITS INCOME TAX RETURNS. THE ORGANIZATION RECOGNIZES THE TAX BENEFITS FROM UNCERTAIN TAX POSITIONS ONLY IF IT IS MORE LIKELY THAN NOT THAT A TAX POSTION WILL BE SUSTAINED ON EXAMINATION BY THE TAXING AUTHORITIES,BASED UPON THE TECHNICAL MERITS OF THE POSITION. MANAGEMENT HAS DETERMINED THAT THERE ARE NO UNRECOGNIZED TAX BENEFITS THAT WILL SIGNFICANTLY INCREASE OR DECREASE OVER THE NEXT TWELVE MONTHS
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1FUNDRAISING DIRECT EXPENSES
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2FUNDRAISING DIRECT EXPENSES
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0928573
IRS990ScheduleD/TotalBookValueSecuritiesAmt0271461
IRS990ScheduleD/TotalExpensesPerForm990Amt0172386
IRS990ScheduleD/TotalRevenuePerForm990Amt0192943
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0534093
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0517658
IRS990ScheduleG/CharitableDistributionRqrInd00
IRS990ScheduleG/CntrctWith3rdPrtyForGameRevInd00
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt0331427
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt0169789
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt0169789
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0FIREMEN'S FAIR
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0CHRISTMAS TREES
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt087239
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt087239
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0438578
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt023945
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt029423
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0491946
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0438578
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt023945
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt029423
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0491946
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0160519
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt028267
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt058049
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt019881
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt09901
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt02
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt016350
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt016350
IRS990ScheduleG/GamingInformationGrp/CashPrizesOtherGamingAmt013776
IRS990ScheduleG/GamingInformationGrp/CashPrizesTotalGamingAmt013776
IRS990ScheduleG/GamingInformationGrp/DirectExpenseSummaryGamingAmt013845
IRS990ScheduleG/GamingInformationGrp/GrossRevenueOtherGamingAmt025375
IRS990ScheduleG/GamingInformationGrp/GrossRevenueTotalGamingAmt025375
IRS990ScheduleG/GamingInformationGrp/NetGamingIncomeSummaryAmt011530
IRS990ScheduleG/GamingInformationGrp/OthDirectExpnssOtherGamingAmt069
IRS990ScheduleG/GamingInformationGrp/OthDirectExpnssTotalGamingAmt069
IRS990ScheduleG/GamingInformationGrp/VolunteerLaborOtherGamingInd01
IRS990ScheduleG/GamingInformationGrp/VolunteerLaborOtherGamingPct01.00000
IRS990ScheduleG/GamingOwnFacilityPct01.00000
IRS990ScheduleG/GamingWithNonmembersInd00
IRS990ScheduleG/LicensedInd01
IRS990ScheduleG/LicenseSuspendedEtcInd00
IRS990ScheduleG/MemberOfOtherEntityInd00
IRS990ScheduleG/StatesWhereGamingConductedCd0NJ
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD REVIEWS THE FORM 990 BEFORE FILING AND SIGNING THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD PROVIDES COPIES OF THE ORGANIZATIONS FORM 990, FINANCIAL STATEMENTS AND NJ CHARITABLE REGISTRATION UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NJ
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02244410
IRS990/TotalAssetsEOYAmt02248245
IRS990/TotalAssetsGrp/BOYAmt02244410
IRS990/TotalAssetsGrp/EOYAmt02248245
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt09438
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt039255

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