Civic Intelligence

Corolla Fire and Rescue Foundation

EIN 46-2712480 • 501(c)3 • Corolla, NC

Pub. 78 EligibleNTEE M12

Profile

Provide support to existing 501(c)(3) organizations in the public safety, fire and emergency services fields; own and maintain real estate used by such organizations.

PO Box 52Corolla, NC 27927

n/A

Siviq Scores

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

Liabilities / Assets

21st percentile

0.00x

Higher debt load relative to assets than 21% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

25th percentile

0.00x

Higher debt load relative to revenue than 25% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

87th percentile

44%

Higher net margin than 87% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

46th percentile

2.6%

Faster asset growth than 46% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2024

Revenue Growth

19th percentile

-13%

Faster revenue growth than 19% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2024

Assets

Up

$1,599,545

Up $73,166 (+4.8%) from 2024

Liabilities

Down

$815

Down $124 (-13%) from 2024

Net Assets

Up

$1,598,730

Up $73,290 (+4.8%) from 2024

Revenue

Up

$213,776

Up $25,427 (+13%) from 2024

Expenses

Up

$140,486

Up $35,150 (+33%) from 2024

Net Income

Down

$73,290

Down $9,723 (-12%) from 2024

Trend Graphs

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2016: $1,433,777Liabilities 2016: $932Net Assets 2016: $1,432,8452016Assets 2017: $1,470,624Liabilities 2017: $728Net Assets 2017: $1,469,8962017Assets 2018: $1,431,852Liabilities 2018: $959Net Assets 2018: $1,430,8932018Assets 2019: $1,423,113Liabilities 2019: $939Net Assets 2019: $1,422,1742019Assets 2020: $1,378,244Liabilities 2020: $1,734Net Assets 2020: $1,376,5102020Assets 2021: $1,441,536Liabilities 2021: $2,081Net Assets 2021: $1,439,4552021Assets 2022: $1,450,031Liabilities 2022: $939Net Assets 2022: $1,449,0922022Assets 2023: $1,443,365Liabilities 2023: $939Net Assets 2023: $1,442,4262023Assets 2024: $1,526,379Liabilities 2024: $939Net Assets 2024: $1,525,4402024Assets 2025: $1,599,545Liabilities 2025: $815Net Assets 2025: $1,598,7302025

Highlighted filing

2025

Assets$1,599,545
Liabilities$815
Net Assets$1,598,730

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2016: $34,841Expenses 2016: $74,338Net Income 2016: -$39,4972016Revenue 2017: $96,882Expenses 2017: $59,831Net Income 2017: $37,0512017Revenue 2018: $73,245Expenses 2018: $112,248Net Income 2018: -$39,0032018Revenue 2019: $117,565Expenses 2019: $126,284Net Income 2019: -$8,7192019Revenue 2020: $145,740Expenses 2020: $191,404Net Income 2020: -$45,6642020Revenue 2021: $190,334Expenses 2021: $127,389Net Income 2021: $62,9452021Revenue 2022: $249,009Expenses 2022: $239,372Net Income 2022: $9,6372022Revenue 2023: $207,483Expenses 2023: $214,149Net Income 2023: -$6,6662023Revenue 2024: $188,349Expenses 2024: $105,336Net Income 2024: $83,0132024Revenue 2025: $213,776Expenses 2025: $140,486Net Income 2025: $73,2902025

Highlighted filing

2025

Revenue$213,776
Expenses$140,486
Net Income$73,290

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2025 to Dec 31, 2025
Signed
Feb 19, 2026
Return Version
2025v4.1
Gross Receipts
$234,159
Mission and Program Overview

Mission

Provide support to existing 501(c)(3) organizations in the public safety, fire and emergency services fields; own and maintain real estate used by such organizations.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$1,525,440$1,598,730▲ $73,290
Land, Buildings, and Equipment, Net$930,329$904,377▼ $25,952
Savings and Temporary Cash Investments$409,387$424,910▲ $15,523
Cash and Non-Interest-Bearing Accounts$186,663$269,395▲ $82,732
Prepaid Expenses and Deferred Charges-$863-
Total Assets$1,526,379$1,599,545▲ $73,166
Liabilities
Accounts Payable and Accrued Expenses$939$815▼ $124
Total Liabilities$939$815▼ $124
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,525,440$1,598,730▲ $73,290
Total Liabilities and Net Assets / Fund Balance$1,526,379$1,599,545▲ $73,166

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$385,059$329,146$714,205
Land$378,409-$378,409
Leasehold Improvements$91,789$235,505$327,294
Other Land Buildings$49,120$165,520$214,640
Compensation and Service Providers

Board Members and Trustees

NameTitle
Alfred MarzettiPresident
Ann Marie SouthDirector
Jt SymonsDirector
Ronald GornsteinDirector
Jim SouthernSecretary
Robert WemyssTreasurer
PAUL W AMBLE JrVice Presidient
Revenue and Support

Revenue Composition

Contributions and Grants
$169,018
Program Service Revenue
$0
Investment Income
$15,541
Other Revenue
$29,217
All Other Contributions
$155,999
Change in Net Assets
$73,290
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$92,100
Other Expenses$48,386
Total Fundraising Expense$6,235
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$92,100--$92,100
Depreciation Depletion$25,952--$25,952
Other Expenses$11,705$702$5,519$5,519
Fees for Services Accounting-$3,650-$3,650
Office Expenses-$142-$142
Total Functional Expenses$129,757$4,494$6,235$140,486
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Corolla Fire & Rescue Squad IncCorolla, NC501c3Emergency Services$82,000
Cfr Cares IncCorolla, NC501c3Public Safety$10,100
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
Yes
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Gaming Gross Income$45,650
Gaming Direct Expenses$20,383
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
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 governing body review Part VI line 11

Tax return will be reviewed by the organizations governing body prior to filing.

Conflict of interest policy compliance Part VI line 12C

On september 9, 2016 the bylaws of the corporation were amended to include a conflict of interest policy. Interested persons are required to disclose possible conficts of interest to the governing body. The governing body will discuss the possible conflict and vote as to whether a conflict of interest exists. If a conflict exists, a disinterested third party will be appointed to investigate and identify alternatives that do not involve a conflict of interest. In the event that no reasonable alternative is available, the governing body may, after excercising due diligence, vote to approve the transaction or arrangement provided it is in the best interest of the organization. These procedures can be envoked during any proper meeting of the governing body or committee.

Governing documents etc available to public Part VI line 19

AVAILABLE UPON REQUEST.

Filing and Contact Details

Filer

Filer Name
Corolla Fire and Rescue Foundation
EIN
46-2712480
In Care Of
% ALFRED MARZETTI
Phone
2524533242
Address
PO BOX 52, COROLLA, NC 27927

Signing Officer

Name
Alfred Marzetti
Title
President
Phone
2524533242
Signed
2026-02-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Alfred Marzetti
Formed
2013
Legal Domicile
Nc
Voting Board Members
7
Independent Board Members
7
Employees
0

Preparer

Firm
Matthew S Hewes CPA PLLC
Address
PO Box 422, Corolla, NC 27927
Preparer
Matthew S Hewes
Phone
2524539820
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IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt091789
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0235505
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0327294
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt049120
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0165520
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0214640
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0904377
IRS990ScheduleG/CharitableDistributionRqrInd0true
IRS990ScheduleG/CntrctWith3rdPrtyForGameRevInd0false
IRS990ScheduleG/DistributedAmt090
IRS990ScheduleG/GamingInformationGrp/CashPrizesOtherGamingAmt020000
IRS990ScheduleG/GamingInformationGrp/CashPrizesTotalGamingAmt020000
IRS990ScheduleG/GamingInformationGrp/DirectExpenseSummaryGamingAmt020383
IRS990ScheduleG/GamingInformationGrp/GrossRevenueOtherGamingAmt045650
IRS990ScheduleG/GamingInformationGrp/GrossRevenueTotalGamingAmt045650
IRS990ScheduleG/GamingInformationGrp/NetGamingIncomeSummaryAmt025267
IRS990ScheduleG/GamingInformationGrp/OthDirectExpnssOtherGamingAmt0383
IRS990ScheduleG/GamingInformationGrp/OthDirectExpnssTotalGamingAmt0383
IRS990ScheduleG/GamingInformationGrp/VolunteerLaborOtherGamingInd0true
IRS990ScheduleG/GamingInformationGrp/VolunteerLaborOtherGamingPct01.00000
IRS990ScheduleG/GamingManagerIsDirectorOfcrInd0X
IRS990ScheduleG/GamingManagerPersonNm0ALFRED MARZETTI
IRS990ScheduleG/GamingManagerServicesProvTxt0ADMINISTRATION
IRS990ScheduleG/GamingOwnFacilityPct01.000
IRS990ScheduleG/GamingWithNonmembersInd0true
IRS990ScheduleG/IndividualWithBooksNm0MATTHEW S HEWES CPA
IRS990ScheduleG/LicensedInd0true
IRS990ScheduleG/LicenseSuspendedEtcInd0false
IRS990ScheduleG/MemberOfOtherEntityInd0false
IRS990ScheduleG/PersonsWithBooksUSAddress/AddressLine1Txt0PO BOX 422
IRS990ScheduleG/PersonsWithBooksUSAddress/CityNm0COROLLA
IRS990ScheduleG/PersonsWithBooksUSAddress/StateAbbreviationCd0NC
IRS990ScheduleG/PersonsWithBooksUSAddress/ZIPCd027927
IRS990ScheduleG/StatesWhereGamingConductedCd0NC
IRS990ScheduleG/SupplementalInformationDetail/ExplanationTxt0QUALIFIED NONPROFIT ORGANIZATION UNDER NCGS 14-309.15
IRS990ScheduleG/SupplementalInformationDetail/FormAndLineReferenceDesc0General Explanation Attachment
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt082000
IRS990ScheduleI/RecipientTable/CashGrantAmt110100
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501C3
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501C3
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc0SERVICES MEETINGS APPARATUS
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc1SERVICESMEETINGSSUPPLIES
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0EMERGENCY SERVICES
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1PUBLIC SAFETY
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0COROLLA FIRE & RESCUE SQUAD INC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1CFR CARES INC
IRS990ScheduleI/RecipientTable/RecipientEIN0561561027
IRS990ScheduleI/RecipientTable/RecipientEIN1813871741
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0827 WHALEHEAD DR
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1827 WHALEHEAD DR
IRS990ScheduleI/RecipientTable/USAddress/CityNm0COROLLA
IRS990ScheduleI/RecipientTable/USAddress/CityNm1COROLLA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NC
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1NC
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd027927
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd127927
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0COST
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc1COST
IRS990ScheduleI/Total501c3OrgCnt02
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TAX RETURN WILL BE REVIEWED BY THE ORGANIZATIONS GOVERNING BODY PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ON SEPTEMBER 9, 2016 THE BYLAWS OF THE CORPORATION WERE AMENDED TO INCLUDE A CONFLICT OF INTEREST POLICY. INTERESTED PERSONS ARE REQUIRED TO DISCLOSE POSSIBLE CONFICTS OF INTEREST TO THE GOVERNING BODY. THE GOVERNING BODY WILL DISCUSS THE POSSIBLE CONFLICT AND VOTE AS TO WHETHER A CONFLICT OF INTEREST EXISTS. IF A CONFLICT EXISTS, A DISINTERESTED THIRD PARTY WILL BE APPOINTED TO INVESTIGATE AND IDENTIFY ALTERNATIVES THAT DO NOT INVOLVE A CONFLICT OF INTEREST. IN THE EVENT THAT NO REASONABLE ALTERNATIVE IS AVAILABLE, THE GOVERNING BODY MAY, AFTER EXCERCISING DUE DILIGENCE, VOTE TO APPROVE THE TRANSACTION OR ARRANGEMENT PROVIDED IT IS IN THE BEST INTEREST OF THE ORGANIZATION. THESE PROCEDURES CAN BE ENVOKED DURING ANY PROPER MEETING OF THE GOVERNING BODY OR COMMITTEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Governing documents etc available to public Part VI line 19
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt0COROLLA FIRE AND RESCUE FOUNDATION INC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0CFR REAL ESTATE
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt01634549
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0NC
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0REAL ESTATE
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt03950
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt0PO BOX 52
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm0COROLLA
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd0NC
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd027927
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd0true
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt0COROLLA FIRE & RESCUE FOUNDATION INC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0462712287
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C Corp
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0NC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/OwnershipPct01.00000
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0RETAIL
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0CFR TEE SHIRTS INC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ShareOfEOYAssetsAmt052293
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ShareOfTotalIncomeAmt024540
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt0470 OCEAN TRAIL
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0COROLLA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0NC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd027927
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0true
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd1true
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0COROLLA FIRE AND RESCUE FOUNDATION INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt1COROLLA FIRE AND RESCUE FOUNDATION INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0COROLLA FIRE & RESCUE SQUAD INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1CFR CARES INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0561561027
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1813871741
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501C3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0EMERGENCY SERVICES
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1PUBLIC SAFETY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt07
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt17
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0827 WHALEHEAD DRIVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt1827 WHALEHEAD DRIVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0COROLLA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1COROLLA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd027927
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd127927
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false

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