Lake Villa Volunteer Fire Dept

“Board distributes copy of 990 to finance committee to allow for review before filing the form.”

“Entity makes these documents available to the public upon request.”

“The purposes of the lake villa firefighters association (the "association"), as stated in its certificate of incorporation, as amended are, to the best of its ability is to be supportive in a financial manner to the lake villa fire protection district and to the other community public service organizations and foster good will amongst the members. The corporation shall have the general powers granted by section 4 of the general notforprofit corporation act (805 ilcs 105/101.01 et seq.), including, but not limited to, the power to purchase, take, receive, lease as lessee, take by gift or legacy, or otherwise acquire, and to own, hold, use and otherwise deal in and with any real or personal property, of any interest therein, situated in or out of this state; to make contracts and incur liabilities which may be appropriate to and enable it to accomplish any or all of its purposes; to employ personnel to accomplish its purposes; to elect or appoint officers and agents of the corporation and to define their duties and fix their compensation; to provide social and recreational activities for its members; and to have and exercise all powers necessary or convenient to effect any or all of the purposes for which the corporation is organized.”

“The net asset calssification on the 990 does not comply with asu 2016-14 however net assets will be broken down between unrestricted, temporarily restricted, and permanently restricted to properly complete the 990.”

“Direct expenses for special events 84,867 direct expenses for special events -84,867”