Civic Intelligence

Packanack Lake Fire & Emergency Squad No 5 Inc

990 • Fiscal year 2023 • EIN 22-3676644

Sep 01, 2022 to Aug 31, 2023 • Filed on Jul 30, 2024

5 Lake Drive WestWayne, NJ 07470

(973) 694-6005

Siviq Scores

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

Liabilities / Assets

32nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

32nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Net Margin

78th percentile

25%

Higher net margin than 78% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

54th percentile

$0

Higher top officer pay than 54% of similar nonprofits.

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

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Asset Growth

58th percentile

7.5%

Faster asset growth than 58% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

39th percentile

1.1%

Faster revenue growth than 39% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Assets

Up

$561,448

Up $38,937 (+7.5%) from 2022

Net Assets

Up

$561,448

Up $38,937 (+7.5%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue

Up

$156,644

Up $1,692 (+1.1%) from 2022

Expenses

Up

$117,705

Up $383 (+0.3%) from 2022

Net Income

Up

$38,939

Up $1,309 (+3.5%) from 2022

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2015: $326,423Net Assets 2015: $326,4232015Assets 2016: $296,781Liabilities 2016: $0Net Assets 2016: $296,7812016Assets 2017: $283,012Liabilities 2017: $0Net Assets 2017: $283,0122017Assets 2018: $365,242Liabilities 2018: $0Net Assets 2018: $365,2422018Assets 2019: $422,065Liabilities 2019: $0Net Assets 2019: $422,0652019Assets 2020: $442,910Liabilities 2020: $0Net Assets 2020: $442,9102020Assets 2021: $484,881Liabilities 2021: $0Net Assets 2021: $484,8812021Assets 2022: $522,511Liabilities 2022: $0Net Assets 2022: $522,5112022Assets 2023: $561,448Liabilities 2023: $0Net Assets 2023: $561,4482023Assets 2024: $579,971Liabilities 2024: $0Net Assets 2024: $579,9712024

Highlighted filing

2023

Assets$561,448
Liabilities$0
Net Assets$561,448

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2015: $153,350Expenses 2015: $186,239Net Income 2015: -$32,8892015Revenue 2016: $207,257Expenses 2016: $236,900Net Income 2016: -$29,6432016Revenue 2017: $111,155Expenses 2017: $124,924Net Income 2017: -$13,7692017Revenue 2018: $183,563Expenses 2018: $107,072Net Income 2018: $76,4912018Revenue 2019: $153,769Expenses 2019: $109,360Net Income 2019: $44,4092019Revenue 2020: $140,978Expenses 2020: $120,133Net Income 2020: $20,8452020Revenue 2021: $151,880Expenses 2021: $109,909Net Income 2021: $41,9712021Revenue 2022: $154,952Expenses 2022: $117,322Net Income 2022: $37,6302022Revenue 2023: $156,644Expenses 2023: $117,705Net Income 2023: $38,9392023Revenue 2024: $178,715Expenses 2024: $160,192Net Income 2024: $18,5232024

Highlighted filing

2023

Revenue$156,644
Expenses$117,705
Net Income$38,939
Jump To
Filing Snapshot
Filing Period
Sep 1, 2022 to Aug 31, 2023
Signed
Jul 30, 2024
Return Version
2022v5.0
Gross Receipts
$178,384
Mission and Program Overview

Mission

The organization's mission is to provide fire and rescue services, provided by volunteers, to the businesses and residents of packanack lake in the township of wayne.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$452,866$457,978▲ $5,112
Land, Buildings, and Equipment, Net$65,237$98,784▲ $33,547
Cash and Non-Interest-Bearing Accounts$4,408$4,686▲ $278
Total Assets$522,511$561,448▲ $38,937
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$522,511$561,448▲ $38,937
Total Net Assets Fund Balance$522,511$561,448▲ $38,937
Total Liabilities and Net Assets / Fund Balance$522,511$561,448▲ $38,937

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$84,054$53,760$137,814
Leasehold Improvements$13,822$5,756$19,578
Equipment$908$4,609$5,517
Compensation and Service Providers

Board Members and Trustees

NameTitle
Mark McgrathPresident
Rob CasconeVice President
Jason JantzenTrustee
John NeukumTrustee
Richard BoonstraTrustee
Adam JacobsSecretary
Jose OlayaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$158,265
Program Service Revenue
$5,792
Investment Income
$3,327
Other Revenue
$-10,740
All Other Contributions
$101,940
Change in Net Assets
$38,939
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$115,928
Grants and Similar Amounts Paid$1,777
Total Fundraising Expense$1,529
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$7,891$15,488-$23,379
Depreciation Depletion-$15,262-$15,262
Office Expenses-$9,577-$9,577
All Other Expenses$4,733-$1,529$6,262
Insurance$5,914--$5,914
Conferences and Meetings$5,026--$5,026
Fees for Services Accounting-$4,730-$4,730
Other Expenses$2,492--$2,492
Grants to Domestic Orgs$1,777--$1,777
Total Functional Expenses$71,119$45,057$1,529$117,705
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$21,740
Fundraising Gross Income$11,000
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Ad Book$11,878-$11,050-
Mack Fundraiser$15,447$11,000$2,607$8,393
Total Events$27,325$11,000$21,740$-10,740
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Section A, Line 6

The organization has members. Membership is open to any volunteer on the packanack lake fire and emergency squad.

Form 990, Part VI, Section A, Line 7A

The members vote to elect members of the governing board.

Form 990, Part VI, Section A, Line 7B

The members vote on approving changes in the organization's by-laws and approving other significant decisions of the governing board.

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

The organization receives an electronic copy of the 990. The president and treasurer review the 990 before it is filed with the irs.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, financial statements, and form 990 available upon written request. Interested parties should contact the president at 5 lake drive west, wayne, nj 07470 to request a copy of any of the documents. The 990 is also available on the irs website.

Filing and Contact Details

Filer

Filer Name
Packanack Lake Fire & Emergency Squad
EIN
22-3676644
Phone
9736946005
Address
5 LAKE DRIVE WEST, WAYNE, NJ 07470

Signing Officer

Name
Mark Mcgrath
Title
President
Phone
9736946005
Signed
2024-07-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mark Mcgrath
Formed
1942
Legal Domicile
Nj
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
35

Preparer

Firm
PKF O'CONNOR DAVIES ADVISORY LLC
Address
20 COMMERCE DRIVE SUITE 301, CRANFORD, NJ 07016-3618
Preparer
Edmond Brady
Phone
9082726200
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IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0174727
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0169687
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0160612
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0155244
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0172802
IRS990ScheduleA/Total509Grp/TotalAmt0833072
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0178054
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0170223
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0160880
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0156744
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0174386
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0840287
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/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt0908
IRS990ScheduleD/EquipmentGrp/DepreciationAmt04609
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt05517
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt013822
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt05756
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt019578
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt084054
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt053760
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0137814
IRS990ScheduleD/TotalBookValueLandBuildingsAmt098784
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt016325
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt011878
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt04447
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt021740
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent2Amt0132
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt0132
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0AD BOOK
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0MACK FUNDRAISER
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent2Amt01600
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt01600
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt011878
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt015447
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt027325
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt011000
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt011000
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-10740
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt013657
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt011050
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt02607
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent2Amt06351
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt06351
IRS990ScheduleG/LicensedStatesCd0NJ
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS MEMBERS. MEMBERSHIP IS OPEN TO ANY VOLUNTEER ON THE PACKANACK LAKE FIRE AND EMERGENCY SQUAD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE MEMBERS VOTE TO ELECT MEMBERS OF THE GOVERNING BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE MEMBERS VOTE ON APPROVING CHANGES IN THE ORGANIZATION'S BY-LAWS AND APPROVING OTHER SIGNIFICANT DECISIONS OF THE GOVERNING BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION RECEIVES AN ELECTRONIC COPY OF THE 990. THE PRESIDENT AND TREASURER REVIEW THE 990 BEFORE IT IS FILED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND FORM 990 AVAILABLE UPON WRITTEN REQUEST. INTERESTED PARTIES SHOULD CONTACT THE PRESIDENT AT 5 LAKE DRIVE WEST, WAYNE, NJ 07470 TO REQUEST A COPY OF ANY OF THE DOCUMENTS. THE 990 IS ALSO AVAILABLE ON THE IRS WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NJ
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0522511
IRS990/TotalAssetsEOYAmt0561448
IRS990/TotalAssetsGrp/BOYAmt0522511
IRS990/TotalAssetsGrp/EOYAmt0561448
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0158265
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt01529
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt045057
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt071119
IRS990/TotalFunctionalExpensesGrp/TotalAmt0117705
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0522511
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0561448
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt071119
IRS990/TotalProgramServiceRevenueAmt05792
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0-7413
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt05792
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0156644
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt035
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0522511
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0561448
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt05 LAKE DRIVE WEST
IRS990/USAddress/CityNm0WAYNE
IRS990/USAddress/StateAbbreviationCd0NJ
IRS990/USAddress/ZIPCd007470
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.PLFC5.COM
IRS990/WhistleblowerPolicyInd00

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