Civic Intelligence

Ocean Fire Company Number One

990 • Fiscal year 2017 • EIN 23-7190093

Jan 01, 2017 to Dec 31, 2017 • Filed on May 15, 2018

400 Arnold Ave PO Box 1765Point Pleasant Beach, NJ 08742

(732) 716-4134

Siviq Scores

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

Liabilities / Assets

19th percentile

0.00x

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

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

Liabilities / Revenue

19th percentile

0.00x

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

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

Net Margin

54th percentile

16%

Higher net margin than 54% of similar nonprofits.

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

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

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

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

Asset Growth

53rd percentile

1.8%

Faster asset growth than 53% of similar nonprofits.

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

Revenue Growth

39th percentile

0.4%

Faster revenue growth than 39% of similar nonprofits.

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

Assets

Up

$1,285,641

Up $22,204 (+1.8%) from 2016

Net Assets

Up

$1,285,641

Up $48,394 (+3.9%) from 2016

Liabilities

Down

$0

Down $26,190 (-100%) from 2016

Revenue

Up

$115,805

Up $454 (+0.4%) from 2016

Expenses

Down

$97,323

Down $27,139 (-22%) from 2016

Net Income

Up

$18,482

Up $27,593 (+303%) from 2016

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 2015: $1,297,483Liabilities 2015: $51,125Net Assets 2015: $1,246,3582015Assets 2016: $1,263,437Liabilities 2016: $26,190Net Assets 2016: $1,237,2472016Assets 2017: $1,285,641Liabilities 2017: $0Net Assets 2017: $1,285,6412017Assets 2018: $1,268,119Liabilities 2018: $1,000Net Assets 2018: $1,267,1192018Assets 2019: $1,344,266Liabilities 2019: $925Net Assets 2019: $1,343,3412019Assets 2020: $1,651,810Liabilities 2020: $250,425Net Assets 2020: $1,401,3852020Assets 2021: $1,674,329Liabilities 2021: $217,472Net Assets 2021: $1,456,8572021Assets 2022: $1,570,792Liabilities 2022: $195,368Net Assets 2022: $1,375,4242022Assets 2023: $1,592,973Liabilities 2023: $169,010Net Assets 2023: $1,423,9632023Assets 2024: $1,617,932Liabilities 2024: $145,116Net Assets 2024: $1,472,8162024

Highlighted filing

2017

Assets$1,285,641
Liabilities$0
Net Assets$1,285,641

Operations Trend

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

$150K$100K$50K$0-$50KRevenue 2015: $127,791Expenses 2015: $129,585Net Income 2015: -$1,7942015Revenue 2016: $115,351Expenses 2016: $124,462Net Income 2016: -$9,1112016Revenue 2017: $115,805Expenses 2017: $97,323Net Income 2017: $18,4822017Revenue 2018: $136,932Expenses 2018: $101,614Net Income 2018: $35,3182018Revenue 2019: $109,487Expenses 2019: $102,345Net Income 2019: $7,1422019Revenue 2020: $134,920Expenses 2020: $90,970Net Income 2020: $43,9502020Revenue 2021: $146,312Expenses 2021: $121,998Net Income 2021: $24,3142021Revenue 2022: $125,711Expenses 2022: $135,470Net Income 2022: -$9,7592022Revenue 2023: $132,293Expenses 2023: $136,789Net Income 2023: -$4,4962023Revenue 2024: $145,107Expenses 2024: $138,369Net Income 2024: $6,7382024

Highlighted filing

2017

Revenue$115,805
Expenses$97,323
Net Income$18,482
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 15, 2018
Return Version
2017v2.2
Gross Receipts
$269,811
Mission and Program Overview

Mission

Volunteer fire company serving point pleasant beach, nj and vicinity. During 2016 responded to 379 calls ranging from alarm activations, gas leak/shut off, down power lines, motor vehicle accidents/fluid spills, man power assists, odor or smoke.

Volunteer fire company serving point pleasant beach, nj and vicinity. During 2017, the fire company responded to 338 calls ranging from alarm activations, gas leak/shut off, down power lines, motor vehicle accidents/fluid spills, man power assists, odor or smoke.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$1,216,114$1,216,114→ $0
Land, Buildings, and Equipment, Net$686,842$673,883▼ $12,959
Investments in Publicly Traded Securities$448,066$487,162▲ $39,096
Cash and Non-Interest-Bearing Accounts$126,029$123,496▼ $2,533
Rtn Earn Endowment Incm Other Fnds$21,133$69,527▲ $48,394
Prepaid Expenses and Deferred Charges$2,000$0▼ $2,000
Inventories for Sale or Use$500$1,100▲ $600
Savings and Temporary Cash Investments-$0-
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-
Intangible Assets-$0-
Total Assets$1,263,437$1,285,641▲ $22,204
Other Assets Total-$0-
Liabilities
Other Liabilities$26,190--
Total Liabilities$26,190$0▼ $26,190
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,237,247$1,285,641▲ $48,394
Total Liabilities and Net Assets / Fund Balance$1,263,437$1,285,641▲ $22,204

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$257,972$242,640$500,612
Land$251,600-$251,600
Leasehold Improvements$42,980$137,651$180,631
Equipment$67,135$73,776$140,911
Other Land Buildings$54,196$47,317$101,513
Compensation and Service Providers

Board Members and Trustees

NameTitle
Aj FoxPresident
Dillon GourleyVice President
Chip EibelTrustee
Dan SkowronskiTrustee
Edwin MeierTrustee
Kevin TumpeyTrustee
Robert BisseyTrustee
William a PearceAss't Treasurer
THOMAS O'HARECorr Sec
Michael BrodeurSecretary
Paul Di CorciaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$56,962
Program Service Revenue
$0
Investment Income
$4,554
Other Revenue
$54,289
All Other Contributions
$37,997
Change in Net Assets
$18,482
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$92,742
Professional Fundraising Fees$4,581
Total Fundraising Expense$4,581
Grants and Similar Amounts Paid$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$29,989--$29,989
Conferences and Meetings-$13,717-$13,717
Insurance$8,216--$8,216
Fees for Service Investment Mgmnt Fees-$6,360-$6,360
Fees for Services Professional Fundraising--$4,581$4,581
Office Expenses-$4,426-$4,426
Occupancy-$3,939-$3,939
Fees for Services Accounting-$3,000-$3,000
All Other Expenses$1,019$625-$1,644
Other Expenses$709$1,310-$709
Interest-$208-$208
Total Functional Expenses$59,157$33,585$4,581$97,323
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
Yes
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Gaming Gross Income$56,000
Gaming Direct Expenses$21,817
Professional Fundraising Fees$4,581
Fundraising Gross Income$4,334
Fundraising Direct Expenses$1,866
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
No
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, Part VI, Line 6: Explanation of Classes of Members or Shareholder

All firefighters are members of the company.

Form 990, Part VI, Line 7A: How Members or Shareholders Elect Governing Body

Active voting members elect governing body once per year.

Form 990, Part VI, Line 7B: Describe Decisions of Governing Body Approval by Members or Shareholders

All decisions of the governing body are voted on at monthly general membership meetings.

Form 990, Part VI, Line 11B: Form 990 Review Process

Return is reviewed and signed by the treasurer.

Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection

By appointment during normal business hours.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

By appointment during normal business hours.

Filing and Contact Details

Filer

Filer Name
Ocean Fire Company No 1
EIN
23-7190093
Address
400 ARNOLD AVE PO BOX 1765, POINT PLEASANT BEACH, NJ 08742

Signing Officer

Name
Paul Di Corcia
Title
Treasurer
Signed
2018-05-15
Discuss with paid preparer
Yes

Organization Details

Formed
1886
Legal Domicile
Nj
Voting Board Members
11
Independent Board Members
11
Employees
0
Volunteers
67

Preparer

Firm
Jump Perry and Company LLP
Address
12 Lexington Avenue, Toms River, NJ 08753-7545
Preparer
Kathryn Perry CPA
Phone
7322407377
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IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt034183
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IRS990/OccupancyGrp/ManagementAndGeneralAmt03939
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IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt04426
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IRS990/OtherExpensesGrp/ProgramServicesAmt11085
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IRS990ScheduleD/BuildingsGrp/BookValueAmt0257972
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0242640
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0500612
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt073776
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0140911
IRS990ScheduleD/LandGrp/BookValueAmt0251600
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0251600
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt042980
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0137651
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0180631
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IRS990ScheduleG/CntrctWith3rdPrtyForGameRevInd0false
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IRS990ScheduleG/GamingInformationGrp/GrossRevenueOtherGamingAmt056000
IRS990ScheduleG/GamingInformationGrp/GrossRevenueTotalGamingAmt056000
IRS990ScheduleG/GamingInformationGrp/NetGamingIncomeSummaryAmt034183

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