Civic Intelligence

Bernardsville Fire Company

990 • Fiscal year 2018 • EIN 23-7109518

Jan 01, 2018 to Dec 31, 2018 • Filed on Oct 31, 2019

PO Box 745Bernardsville, NJ 07924

(908) 766-6625

Siviq Scores

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

Liabilities / Assets

38th percentile

0.07x

Higher debt load relative to assets than 38% of similar nonprofits.

2018 filings • NTEE M24 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

39th percentile

0.38x

Higher debt load relative to revenue than 39% of similar nonprofits.

2018 filings • NTEE M24 • $1M-$5M nonprofits • Source year 2018

Net Margin

66th percentile

23%

Higher net margin than 66% of similar nonprofits.

2018 filings • NTEE M24 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

79th percentile

$0

Higher top officer pay than 79% of similar nonprofits.

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

2018 filings • NTEE M24 • $1M-$5M nonprofits • Source year 2018

Asset Growth

54th percentile

1.7%

Faster asset growth than 54% of similar nonprofits.

2018 filings • NTEE M24 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

65th percentile

7.1%

Faster revenue growth than 65% of similar nonprofits.

2018 filings • NTEE M24 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Up

$1,848,480

Up $30,659 (+1.7%) from 2017

Net Assets

Up

$1,723,422

Up $74,212 (+4.5%) from 2017

Liabilities

Down

$125,058

Down $43,553 (-26%) from 2017

Revenue

Up

$328,164

Up $21,762 (+7.1%) from 2017

Expenses

Down

$253,762

Down $48,832 (-16%) from 2017

Net Income

Up

$74,402

Up $70,594 (+1854%) from 2017

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2017: $1,817,821Liabilities 2017: $168,611Net Assets 2017: $1,649,2102017Assets 2018: $1,848,480Liabilities 2018: $125,058Net Assets 2018: $1,723,4222018Assets 2019: $1,818,163Liabilities 2019: $82,021Net Assets 2019: $1,736,1422019Assets 2020: $1,854,297Liabilities 2020: $34,333Net Assets 2020: $1,819,9642020Assets 2021: $1,899,504Liabilities 2021: $16,401Net Assets 2021: $1,883,1032021Assets 2022: $1,925,975Liabilities 2022: $16,154Net Assets 2022: $1,909,8212022Assets 2023: $1,942,976Liabilities 2023: $3,996Net Assets 2023: $1,938,9802023Assets 2024: $1,975,248Liabilities 2024: $16,082Net Assets 2024: $1,959,1662024

Highlighted filing

2018

Assets$1,848,480
Liabilities$125,058
Net Assets$1,723,422

Operations Trend

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

$400K$300K$200K$100K$0Revenue 2017: $306,402Expenses 2017: $302,594Net Income 2017: $3,8082017Revenue 2018: $328,164Expenses 2018: $253,762Net Income 2018: $74,4022018Revenue 2019: $351,019Expenses 2019: $339,579Net Income 2019: $11,4402019Revenue 2020: $278,336Expenses 2020: $195,132Net Income 2020: $83,2042020Revenue 2021: $298,530Expenses 2021: $231,955Net Income 2021: $66,5752021Revenue 2022: $308,008Expenses 2022: $268,565Net Income 2022: $39,4432022Revenue 2023: $304,097Expenses 2023: $283,845Net Income 2023: $20,2522023Revenue 2024: $330,593Expenses 2024: $315,580Net Income 2024: $15,0132024

Highlighted filing

2018

Revenue$328,164
Expenses$253,762
Net Income$74,402
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Oct 31, 2019
Return Version
2018v3.1
Gross Receipts
$343,701
Mission and Program Overview

Mission

Provide fire protection, first aid and ambulance services to individuals in bernardsville, nj and the surrounding areas.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,145,909$1,104,136▼ $41,773
Savings and Temporary Cash Investments$661,912$620,510▼ $41,402
Investments in Publicly Traded Securities-$123,834-
Pledges and Grants Receivable$10,000--
Total Assets$1,817,821$1,848,480▲ $30,659
Liabilities
Mortgage Notes Payable Secured by Investment Property$157,615$113,871▼ $43,744
Accounts Payable and Accrued Expenses$10,996$11,187▲ $191
Total Liabilities$168,611$125,058▼ $43,553
Net Assets / Fund Balance
Unrestricted Net Assets$1,184,117$1,255,628▲ $71,511
Temporarily Rstr Net Assets$465,093$442,771▼ $22,322
Permanently Rstr Net Assets-$25,023-
Total Net Assets Fund Balance$1,649,210$1,723,422▲ $74,212
Total Liabilities and Net Assets / Fund Balance$1,817,821$1,848,480▲ $30,659

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$961,221$788,731$1,749,952
Equipment$42,915$1,240,846$1,283,761
Land$100,000-$100,000
Compensation and Service Providers

Board Members and Trustees

NameTitle
Francis FerrantePresident
Charles FerranteTrustee
John OrfanTrustee
Phil OrfanTrustee
Randy SteinkopfTrustee
Richard EickTrustee
Richard MaddalunaTrustee
Greg HoytAssistant Tr
Dan KuitemsCorres. Secy
Judy NovelloFinl Secy.
Kathleen FerranteSecretary
Harrison ClarkTreasurer
Robert SteinkopfVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$305,997
Program Service Revenue
$0
Investment Income
$2,913
Other Revenue
$19,254
Change in Net Assets
$74,402

Audited Revenue Reconciliation

Revenue per Audited Statements
$328,164
Revenue Not Reported on Form 990
$-190
Total Revenue per Audited Statements
$327,974
Total Revenue per Form 990
$328,164
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$247,262
Total Fundraising Expense$3,998
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$56,128--$56,128
Insurance$36,193--$36,193
Occupancy$34,081--$34,081
Conferences and Meetings$3,474$20,146-$23,620
Office Expenses-$11,849-$11,849
Fees for Services Accounting-$9,700-$9,700
Benefits to Members$6,500--$6,500
Interest-$3,265-$3,265
Information Technology-$2,760-$2,760
Other Expenses$2,216$1,781$3,998$2,216
Total Functional Expenses$200,263$49,501$3,998$253,762

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$253,762
Total Expenses per Audited Statements$253,762
Total Expenses per Form 990$253,762
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
Yes
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Gaming Gross Income$17,875
Fundraising Gross Income$14,775
Gaming Direct Expenses$11,216
Fundraising Direct Expenses$4,321
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fund Drive/dona$124,685---
Summer Bash$12,425$12,425$4,321$8,104
Total Events$137,110$12,425$4,321$8,104
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
Backup withholding compliance
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
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

Robert steinkopf randy steinkopf vice pres. Trustee siblings francis ferrante kathleen ferrante president secretary father/daughter francis ferrante charles ferrante president trustee father/son kathleen ferrante charles ferrante secretary trustee siblings john orfan phil orfan trustee trustee father/son

Form 990, Page 6, Part VI, Line 6

The organization is governed by its members

Form 990, Page 6, Part VI, Line 7A

The governing body is elected by the membership

Form 990, Page 6, Part VI, Line 7B

Certain decisions of the board are subject to the approval of the membership

Form 990, Page 6, Part VI, Line 11B

Form 990 was reviewed by the treasurer prior to filing. No further review by the other trustees and officers was performed.

Form 990, Page 6, Part VI, Line 19

The form 990 is made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Bernardsville Fire Company
EIN
23-7109518
Phone
9087666625
Address
PO BOX 745, BERNARDSVILLE, NJ 07924

Signing Officer

Name
Greg Hoyt
Title
Assistant Treasurer
Phone
9087666625
Signed
2019-10-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Francis Ferrante
Formed
1897
Legal Domicile
Nj
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
65

Preparer

Firm
Wasilewski & Keating Pc
Address
117 S MAPLE AVE, BASKING RIDGE, NJ 07920
Preparer
Paul F Keating
Phone
9089530919
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

The fire company recognizes the effect of income tax positions only if those positions are more likely than not to be sustained. Management has determined that the company had no uncertain tax positions that would require financial statement recognition or disclosure.

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IRS990/PYContributionsGrantsAmt0284643
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IRS990/PYOtherRevenueAmt017836
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IRS990/PYTotalRevenueAmt0306402
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt074402
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt0620510
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0961221
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0788731
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01749952
IRS990ScheduleD/EquipmentGrp/BookValueAmt042915
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01240846
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01283761
IRS990ScheduleD/ExpensesSubtotalAmt0253762
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0100000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0100000
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-190
IRS990ScheduleD/RevenueNotReportedAmt0-190
IRS990ScheduleD/RevenueSubtotalAmt0328164
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FIRE COMPANY RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE COMPANY HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleD/TotalExpensesPerForm990Amt0253762
IRS990ScheduleD/TotalRevenuePerForm990Amt0328164
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0327974
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0253762
IRS990ScheduleG/CharitableDistributionRqrInd0false
IRS990ScheduleG/CntrctWith3rdPrtyForGameRevInd0false
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IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt0124685
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IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0FUND DRIVE/DONA
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0SUMMER BASH
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0124685
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt012425
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IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt012425
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IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt04321
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt04321
IRS990ScheduleG/GamingInformationGrp/CashPrizesOtherGamingAmt08937
IRS990ScheduleG/GamingInformationGrp/CashPrizesTotalGamingAmt08937
IRS990ScheduleG/GamingInformationGrp/DirectExpenseSummaryGamingAmt011216
IRS990ScheduleG/GamingInformationGrp/GrossRevenueOtherGamingAmt017875
IRS990ScheduleG/GamingInformationGrp/GrossRevenueTotalGamingAmt017875
IRS990ScheduleG/GamingInformationGrp/NetGamingIncomeSummaryAmt06659
IRS990ScheduleG/GamingInformationGrp/OthDirectExpnssOtherGamingAmt02279
IRS990ScheduleG/GamingInformationGrp/OthDirectExpnssTotalGamingAmt02279
IRS990ScheduleG/GamingInformationGrp/VolunteerLaborBingoInd0false
IRS990ScheduleG/GamingInformationGrp/VolunteerLaborOtherGamingInd0false
IRS990ScheduleG/GamingInformationGrp/VolunteerLaborPullTabsInd0false
IRS990ScheduleG/GamingManagerPersonNm0RANDY STEINKOPF
IRS990ScheduleG/GamingManagerServicesProvTxt0RECORDKEEPING, MAKES DEPOSITS
IRS990ScheduleG/GamingOwnFacilityPct01.00000
IRS990ScheduleG/GamingWithNonmembersInd0true
IRS990ScheduleG/IndividualWithBooksNm0RANDY STEINKOPF
IRS990ScheduleG/LicensedInd0true
IRS990ScheduleG/LicenseSuspendedEtcInd0false
IRS990ScheduleG/MemberOfOtherEntityInd0false
IRS990ScheduleG/PersonsWithBooksUSAddress/AddressLine1Txt0118 MINEBROOK ROAD
IRS990ScheduleG/PersonsWithBooksUSAddress/CityNm0BERNARDSVILLE
IRS990ScheduleG/PersonsWithBooksUSAddress/StateAbbreviationCd0NJ
IRS990ScheduleG/PersonsWithBooksUSAddress/ZIPCd007924
IRS990ScheduleG/StatesWhereGamingConductedCd0NJ
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ROBERT STEINKOPF RANDY STEINKOPF VICE PRES. TRUSTEE SIBLINGS FRANCIS FERRANTE KATHLEEN FERRANTE PRESIDENT SECRETARY FATHER/DAUGHTER FRANCIS FERRANTE CHARLES FERRANTE PRESIDENT TRUSTEE FATHER/SON KATHLEEN FERRANTE CHARLES FERRANTE SECRETARY TRUSTEE SIBLINGS JOHN ORFAN PHIL ORFAN TRUSTEE TRUSTEE FATHER/SON
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION IS GOVERNED BY ITS MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE GOVERNING BODY IS ELECTED BY THE MEMBERSHIP
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CERTAIN DECISIONS OF THE BOARD ARE SUBJECT TO THE APPROVAL OF THE MEMBERSHIP
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FORM 990 WAS REVIEWED BY THE TREASURER PRIOR TO FILING. NO FURTHER REVIEW BY THE OTHER TRUSTEES AND OFFICERS WAS PERFORMED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE FORM 990 IS MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt01848480
IRS990/TotalAssetsGrp/BOYAmt01817821
IRS990/TotalAssetsGrp/EOYAmt01848480
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0305997
IRS990/TotalEmployeeCnt00
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt049501
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0200263
IRS990/TotalFunctionalExpensesGrp/TotalAmt0253762
IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesEOYAmt0125058
IRS990/TotalLiabilitiesGrp/BOYAmt0168611
IRS990/TotalLiabilitiesGrp/EOYAmt0125058
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01723422
IRS990/TotalProgramServiceExpensesAmt0200263
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt011713
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0328164
IRS990/TotalVolunteersCnt065
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01817821
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01848480
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01184117
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01255628
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02020-04-17 16:48:07Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true

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