Civic Intelligence

Liberty Steam Fire Engine Co No 1

EIN 23-0807653 • 501(c)3 • Spring City, PA

Profile

NONE

118 Hall StreetSpring City, PA 19475

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

33rd percentile

0.00x

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

501(c)3 • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

35th percentile

0.00x

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

501(c)3 • $500k-$1M nonprofits • Source year 2015

Net Margin

86th percentile

39%

Higher net margin than 86% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

56th percentile

$3,450

Higher top officer pay than 56% of similar nonprofits.

Top officer pay equals 0.7% of source-year revenue.

501(c)3 • $500k-$1M nonprofits • Source year 2015

Asset Growth

9th percentile

-32%

Faster asset growth than 9% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Revenue Growth

93rd percentile

135%

Faster revenue growth than 93% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Assets

Down

$618,884

Down $294,791 (-32%) from 2014

Liabilities

Down

$0

Down $23,812 (-100%) from 2014

Net Assets

Down

$618,884

Down $270,979 (-30%) from 2014

Revenue

Up

$490,217

Up $281,763 (+135%) from 2014

Expenses

Up

$297,814

Up $55,423 (+23%) from 2014

Net Income

Up

$192,403

Up $226,340 (+667%) from 2014

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.5M$1.0M$500K$0Assets 2010: $1,043,575Liabilities 2010: $0Net Assets 2010: $1,043,5752010Assets 2011: $994,449Liabilities 2011: $0Net Assets 2011: $994,4492011Assets 2012: $1,010,201Liabilities 2012: $0Net Assets 2012: $1,010,2012012Assets 2013: $980,961Liabilities 2013: $57,161Net Assets 2013: $923,8002013Assets 2014: $913,675Liabilities 2014: $23,812Net Assets 2014: $889,8632014Assets 2015: $618,884Liabilities 2015: $0Net Assets 2015: $618,8842015

Highlighted filing

2015

Assets$618,884
Liabilities$0
Net Assets$618,884

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600K$400K$200K$0-$200KExpenses 2010: $256,6082010Revenue 2011: $184,987Expenses 2011: $234,113Net Income 2011: -$49,1262011Expenses 2012: $222,7262012Revenue 2013: $59,581Expenses 2013: $145,982Net Income 2013: -$86,4012013Revenue 2014: $208,454Expenses 2014: $242,391Net Income 2014: -$33,9372014Revenue 2015: $490,217Expenses 2015: $297,814Net Income 2015: $192,4032015

Highlighted filing

2015

Revenue$490,217
Expenses$297,814
Net Income$192,403

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Nov 29, 2016
Return Version
2015v2.1
Gross Receipts
$634,597
Mission and Program Overview

Mission

NONE

Preserve property and save lives by providing fire prevention and rescue services to the community of spring city pennsylvania and surrounding communities

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$158,708$341,258▲ $182,550
Investments in Publicly Traded Securities$197,574$195,832▼ $1,742
Savings and Temporary Cash Investments$35,611$42,321▲ $6,710
Investments Other Securities$39,349$39,473▲ $124
Total Assets$431,242$618,884▲ $187,642
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$431,242$618,884▲ $187,642
Total Net Assets Fund Balance$431,242$618,884▲ $187,642
Total Liabilities and Net Assets / Fund Balance$431,242$618,884▲ $187,642

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$7,502--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
James VelarioVice PresidentPT$3,450$3,450
Earl SchlichterRecording SecretaryPT$3,350$3,350
Roger SchmidtTrustee (non-voting)PT$250$250

Board Members and Trustees

NameTitle
William GuffeyPresident
George WatsonTrustee (non-voting)
Ray MegayAssistant Recording Secretary
Todd BlissFinancial Secretary
Jill VontorTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$71,233
Program Service Revenue
$340
Investment Income
$3,288
Other Revenue
$415,356
All Other Contributions
$13,904
Change in Net Assets
$192,403

Audited Revenue Reconciliation

Revenue per Audited Statements
$490,218
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$139,618
Total Revenue per Audited Statements
$629,836
Total Revenue per Form 990
$490,218
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$161,031
Salaries, Compensation, and Employee Benefits$129,728
Grants and Similar Amounts Paid$7,055
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$11,083$99,747-$110,830
Occupancy$5,048$45,427-$50,475
All Other Expenses$2,485$22,369-$24,854
Office Expenses$2,011$18,095-$20,106
Insurance$1,632$14,690-$16,322
Payroll Taxes$1,185$10,663-$11,848
Fees for Services Accounting$901$8,113-$9,014
Grants to Domestic Orgs$7,055--$7,055
Current Officers, Directors, Trustees, and Key Employees$705$6,345-$7,050
Fees for Services Legal$466$4,196-$4,662
Other Expenses$374$3,366-$3,740
Information Technology$216$1,943-$2,159
Total Functional Expenses$36,131$261,683$0$297,814

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$442,194
Expenses per Audited Statements$297,815
Total Expenses per Form 990$297,815
Expenses Not Reported on Form 990$144,379
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Liberty Fire Company Relief AssociationSpring City, PA-Fund the Relief Association and Pay Down Debt for Fire Truck$6,575
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
Yes
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Gaming Gross Income$233,321
Gaming Direct Expenses$22,119
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Professional Fundraising Fees$0
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
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 11

Form 990 is reviewed by all trustees prior to filing with the irs.

Form 990, Part VI, Section C, Line 18

The organization makes form 990 available upon request. Additionally, form 990 is available on guidestar.org.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents and financial statements available upon request.

Filing and Contact Details

Filer

Filer Name
Liberty Steam Fire Engine Co No 1
EIN
23-0807653
Phone
6109486510
Address
118 HALL STREET, SPRING CITY, PA 19475

Signing Officer

Name
John Trego
Title
President
Phone
6109486510
Signed
2016-11-29

Organization Details

Principal Officer
John Trego
Formed
1882
Legal Domicile
Pa
Voting Board Members
6
Independent Board Members
2
Employees
17
Volunteers
0

Preparer

Firm
Barbacane Thornton & Company
Address
200 SPRINGER BLDG 3411 SILVERSIDE, RD, WILMINGTON, DE 19810
Preparer
Jeffrey a Kowalczyk CPA
Phone
3024788940
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The fire company is exempt from federal income tax under section 501(c)(3) of the internal revenue code. However, income from certain activities not directly related to the fire company's tax-exempt purpose may be subject to taxation as unrelated business income. Generally accepted accounting principles prescribe rules for the recognition, measurement, classification, and disclosure in the financial statements of uncertain tax positions taken or expected to be taken in the fire company's tax returns. Management has determined that the fire company does not have any uncertain tax positions or associated unrecognized benefits that materially impact the financial statements or related disclosures. Since tax matters are subject to some degree of uncertainty, there can be no assurance that the fire company's tax returns will not be challenged by the taxing authorities and that the fire company will not be subject to additional tax, penalties, and interest as a result of such challenge. Income tax returns of the fire company for 2015, 2014, and 2013 are subject to examination by tax authorities, generally for three years after they were filed.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Cost of goods sold 122260. Direct expense of small games of chance 22119.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Cost of goods sold 122260. Direct expense of small games of chance 22119.

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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0340
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01502
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt02315
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0446483
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0399947
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0850587
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearAmt0311570
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus1YearAmt0324244
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus2YearsAmt0312852
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt0948666
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt018133
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt017501
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt013866
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt03439
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt04043
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt056982
IRS990ScheduleA/InvestmentIncomeCYPct00.02150
IRS990ScheduleA/InvestmentIncomePYPct00.01010
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearAmt0211202
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus1YearAmt0110280
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus2YearsAmt0125952
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt0447434
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.80950
IRS990ScheduleA/PublicSupportPY509Pct00.98080
IRS990ScheduleA/PublicSupportTotal509Amt02144098
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/CurrentTaxYearMinus3YearsAmt045519
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/CurrentTaxYearMinus4YearsAmt032900
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt078419
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0383143
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0367014
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0387131
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0536345
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0470465
IRS990ScheduleA/Total509Grp/TotalAmt02144098
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0612478
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0494795
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0526949
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0539784
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0474508
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02648514
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/ExpensesNotReportedAmt0144379
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0297815
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-4761
IRS990ScheduleD/OtherExpensesIncludedAmt0144379
IRS990ScheduleD/OtherRevenueAmt0144379
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt031971
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt17502
IRS990ScheduleD/OtherSecuritiesGrp/Desc0PHOENIXVILLE FEDERAL CERTIFICATES OF DEPOSIT
IRS990ScheduleD/OtherSecuritiesGrp/Desc1FIRST NIAGARA CERTIFICATES OF DEPOSIT
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
IRS990ScheduleD/RevenueNotReportedAmt0139618
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0490218
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FIRE COMPANY IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE FIRE COMPANY'S TAX-EXEMPT PURPOSE MAY BE SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. GENERALLY ACCEPTED ACCOUNTING PRINCIPLES PRESCRIBE RULES FOR THE RECOGNITION, MEASUREMENT, CLASSIFICATION, AND DISCLOSURE IN THE FINANCIAL STATEMENTS OF UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE FIRE COMPANY'S TAX RETURNS. MANAGEMENT HAS DETERMINED THAT THE FIRE COMPANY DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS OR ASSOCIATED UNRECOGNIZED BENEFITS THAT MATERIALLY IMPACT THE FINANCIAL STATEMENTS OR RELATED DISCLOSURES. SINCE TAX MATTERS ARE SUBJECT TO SOME DEGREE OF UNCERTAINTY, THERE CAN BE NO ASSURANCE THAT THE FIRE COMPANY'S TAX RETURNS WILL NOT BE CHALLENGED BY THE TAXING AUTHORITIES AND THAT THE FIRE COMPANY WILL NOT BE SUBJECT TO ADDITIONAL TAX, PENALTIES, AND INTEREST AS A RESULT OF SUCH CHALLENGE. INCOME TAX RETURNS OF THE FIRE COMPANY FOR 2015, 2014, AND 2013 ARE SUBJECT TO EXAMINATION BY TAX AUTHORITIES, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1COST OF GOODS SOLD 122260. DIRECT EXPENSE OF SMALL GAMES OF CHANCE 22119.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2COST OF GOODS SOLD 122260. DIRECT EXPENSE OF SMALL GAMES OF CHANCE 22119.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueSecuritiesAmt039473
IRS990ScheduleD/TotalExpensesPerForm990Amt0297815
IRS990ScheduleD/TotalRevenuePerForm990Amt0490218
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0629836
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0442194
IRS990ScheduleG/CharitableDistributionRqrInd01
IRS990ScheduleG/CntrctWith3rdPrtyForGameRevInd00
IRS990ScheduleG/DistributedAmt0123809
IRS990ScheduleG/GamingInformationGrp/CashPrizesPullTabsAmt0787589
IRS990ScheduleG/GamingInformationGrp/CashPrizesTotalGamingAmt0787589
IRS990ScheduleG/GamingInformationGrp/DirectExpenseSummaryGamingAmt0809708
IRS990ScheduleG/GamingInformationGrp/GrossRevenuePullTabsAmt01043029
IRS990ScheduleG/GamingInformationGrp/GrossRevenueTotalGamingAmt01043029
IRS990ScheduleG/GamingInformationGrp/NetGamingIncomeSummaryAmt0233321
IRS990ScheduleG/GamingInformationGrp/OthDirectExpnssTotalGamingAmt022119
IRS990ScheduleG/GamingInformationGrp/OtherDirectExpensesPullTabsAmt022119
IRS990ScheduleG/GamingInformationGrp/VolunteerLaborPullTabsInd00
IRS990ScheduleG/GamingOwnFacilityPct01.00000
IRS990ScheduleG/GamingWithNonmembersInd00
IRS990ScheduleG/IndividualWithBooksNm0GREG WILLAUER
IRS990ScheduleG/LicensedInd01
IRS990ScheduleG/LicenseSuspendedEtcInd00
IRS990ScheduleG/MemberOfOtherEntityInd00
IRS990ScheduleG/PersonsWithBooksUSAddress/AddressLine1Txt0118 HALL STREET
IRS990ScheduleG/PersonsWithBooksUSAddress/CityNm0SPRING CITY
IRS990ScheduleG/PersonsWithBooksUSAddress/StateAbbreviationCd0PA
IRS990ScheduleG/PersonsWithBooksUSAddress/ZIPCd019475
IRS990ScheduleG/StatesWhereGamingConductedCd0PA
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/RecipientTable/CashGrantAmt06575
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0FUND THE RELIEF ASSOCIATION AND PAY DOWN DEBT FOR FIRE TRUCK
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0LIBERTY FIRE COMPANY RELIEF ASSOCIATION
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0118 HALL STREET
IRS990ScheduleI/RecipientTable/USAddress/CityNm0SPRING CITY
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0PA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd019475
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt01
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS REVIEWED BY ALL TRUSTEES PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION MAKES FORM 990 AVAILABLE UPON REQUEST. ADDITIONALLY, FORM 990 IS AVAILABLE ON GUIDESTAR.ORG.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11

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