Civic Intelligence

Hatteras Fire Protective Assn Inc

EIN 56-0794436 • 501(c)4 • Hatteras, NC

Profile

FIRE PROTECTION

P O Box 251Hatteras, NC 27943-0251

n/A

Siviq Scores

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

Liabilities / Assets

28th percentile

0.00x

Higher debt load relative to assets than 28% of similar nonprofits.

501(c)4 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

31st percentile

0.00x

Higher debt load relative to revenue than 31% of similar nonprofits.

501(c)4 • $1M-$5M nonprofits • Source year 2024

Net Margin

89th percentile

55%

Higher net margin than 89% of similar nonprofits.

501(c)4 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

63rd percentile

$0

Higher top officer pay than 63% of similar nonprofits.

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

501(c)4 • $1M-$5M nonprofits • Source year 2024

Asset Growth

52nd percentile

4.8%

Faster asset growth than 52% of similar nonprofits.

501(c)4 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

69th percentile

23%

Faster revenue growth than 69% of similar nonprofits.

501(c)4 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$4,474,952

Up $203,512 (+4.8%) from 2023

Liabilities

Up

$147

Up $139 (+1738%) from 2023

Net Assets

Up

$4,474,805

Up $203,373 (+4.8%) from 2023

Revenue

Up

$371,862

Up $70,159 (+23%) from 2023

Expenses

Down

$168,489

Down $15,342 (-8.3%) from 2023

Net Income

Up

$203,373

Up $85,501 (+73%) from 2023

Trend Graphs

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2010: $3,322,845Liabilities 2010: $10Net Assets 2010: $3,322,8352010Assets 2011: $3,989,891Liabilities 2011: $500,032Net Assets 2011: $3,489,8592011Assets 2012: $3,755,897Liabilities 2012: $348,771Net Assets 2012: $3,407,1262012Assets 2013: $3,641,935Liabilities 2013: $203,888Net Assets 2013: $3,438,0472013Assets 2014: $3,745,325Liabilities 2014: $152,750Net Assets 2014: $3,592,5752014Assets 2015: $3,733,125Liabilities 2015: $33Net Assets 2015: $3,733,0922015Assets 2016: $3,930,358Liabilities 2016: $0Net Assets 2016: $3,930,3582016Assets 2017: $3,967,462Liabilities 2017: $58Net Assets 2017: $3,967,4042017Assets 2018: $3,981,984Liabilities 2018: $8Net Assets 2018: $3,981,9762018Assets 2019: $4,147,845Liabilities 2019: $39Net Assets 2019: $4,147,8062019Assets 2020: $4,113,442Liabilities 2020: $28Net Assets 2020: $4,113,4142020Assets 2021: $4,268,869Liabilities 2021: $129Net Assets 2021: $4,268,7402021Assets 2022: $4,153,576Liabilities 2022: $16Net Assets 2022: $4,153,5602022Assets 2023: $4,271,440Liabilities 2023: $8Net Assets 2023: $4,271,4322023Assets 2024: $4,474,952Liabilities 2024: $147Net Assets 2024: $4,474,8052024

Highlighted filing

2024

Assets$4,474,952
Liabilities$147
Net Assets$4,474,805

Operations Trend

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

$400K$200K$0-$200KExpenses 2010: $89,2452010Expenses 2011: $128,4922011Expenses 2012: $150,2042012Revenue 2013: $276,592Expenses 2013: $150,834Net Income 2013: $125,7582013Revenue 2014: $290,807Expenses 2014: $120,840Net Income 2014: $169,9672014Revenue 2015: $281,331Expenses 2015: $120,120Net Income 2015: $161,2112015Revenue 2016: $315,077Expenses 2016: $117,811Net Income 2016: $197,2662016Revenue 2017: $267,399Expenses 2017: $165,603Net Income 2017: $101,7962017Revenue 2018: $299,873Expenses 2018: $285,301Net Income 2018: $14,5722018Revenue 2019: $302,739Expenses 2019: $136,909Net Income 2019: $165,8302019Revenue 2020: $217,408Expenses 2020: $251,800Net Income 2020: -$34,3922020Revenue 2021: $312,800Expenses 2021: $157,474Net Income 2021: $155,3262021Revenue 2022: $161,017Expenses 2022: $170,309Net Income 2022: -$9,2922022Revenue 2023: $301,703Expenses 2023: $183,831Net Income 2023: $117,8722023Revenue 2024: $371,862Expenses 2024: $168,489Net Income 2024: $203,3732024

Highlighted filing

2024

Revenue$371,862
Expenses$168,489
Net Income$203,373

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.47$0.00$4.47$0.37$0.17$0.20
2023Summary only. Only limited summary data is available for this year.$4.27$0.00$4.27$0.30$0.18$0.12
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.15$0.00$4.15$0.16$0.17$0.01
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.27$0.00$4.27$0.31$0.16$0.16
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.11$0.00$4.11$0.22$0.25$0.03
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.15$0.00$4.15$0.30$0.14$0.17
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.98$0.00$3.98$0.30$0.29$0.01
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.97$0.00$3.97$0.27$0.17$0.10
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.93$0.00$3.93$0.32$0.12$0.20
2015Detailed filing. Detailed filing data is available for this year.$3.73$0.00$3.73$0.28$0.12$0.16
2014Detailed filing. Detailed filing data is available for this year.$3.75$0.15$3.59$0.29$0.12$0.17
2013Detailed filing. Detailed filing data is available for this year.$3.64$0.20$3.44$0.28$0.15$0.13
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.76$0.35$3.41$0.15
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.99$0.50$3.49$0.13
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.32$0.00$3.32$0.09
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 14, 2025
Return Version
2024v5.2
Gross Receipts
$374,783
Mission and Program Overview

Mission

FIRE PROTECTION

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$4,271,432$4,474,805▲ $203,373
Land, Buildings, and Equipment, Net$3,555,462$3,613,595▲ $58,133
Savings and Temporary Cash Investments$254,045$469,996▲ $215,951
Cash and Non-Interest-Bearing Accounts$461,933$391,361▼ $70,572
Total Assets$4,271,440$4,474,952▲ $203,512
Liabilities
Other Liabilities$8$147▲ $139
Total Liabilities$8$147▲ $139
Net Assets / Fund Balance
Total Net Assets Fund Balance$4,271,432$4,474,805▲ $203,373
Total Liabilities and Net Assets / Fund Balance$4,271,440$4,474,952▲ $203,512

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,048,109-$2,048,109
Buildings$1,485,486-$1,485,486
Land$80,000-$80,000
Compensation and Service Providers

Board Members and Trustees

NameTitle
WILLIAM W BALLANCE JrPresident
Ernie FosterVice President
Dan OdenDirector
Darrin CallahanDirector
Jeremy HicksFire Chief
Cameron WhitakerFire Officer
Cathleen R ParsonsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$355,994
Program Service Revenue
$0
Investment Income
$13,499
Other Revenue
$2,369
All Other Contributions
$9,020
Change in Net Assets
$203,373
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$150,777
Salaries, Compensation, and Employee Benefits$11,712
Grants and Similar Amounts Paid$6,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$59,184--$59,184
Insurance$33,462--$33,462
Other Employee Benefits$10,272--$10,272
Fees for Services Accounting-$8,800-$8,800
Occupancy$7,949--$7,949
Grants to Domestic Orgs$6,000--$6,000
Conferences and Meetings$3,895--$3,895
Fees for Services Other$3,850--$3,850
All Other Expenses$3,438--$3,438
Office Expenses-$1,659-$1,659
Pension Plan Contributions$1,440--$1,440
Interest$2--$2
Total Functional Expenses$158,030$10,459$0$168,489
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Cathy Parsons CPA PllcOfficer/directorMonthly Accounting and Tax Return PreparationNo$3,800
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Sales Tax Payable$147
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
Yes
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

Officer directors etc family relationship Part VI line 2

Family relationship - william ballance director, jeremy hicks fire chief (father-in-law/son-in-law)

Members or stockholder classes and rights Part VI line 6

Each member has the right to cast one vote for as many persons as there are directors or officers to be elected each year.

Form 990 governing body review Part VI line 11

Return preparer presents final version of form 990 to president for review and signature. Copy in office for all board members review.

Other officer or key employee compensation Part VI line 15B

Part vi - section b. Policies lines 15a & 15b the hatteras fire protective association is a volunteer fire department with no paid employees, officers or directors

Governing documents etc available to public Part VI line 19

Governing documents, conflict of interest policy and financial statement are available to public upon request to board of directors.

Filing and Contact Details

Filer

Filer Name
Hatteras Fire Protective Assn Inc
EIN
56-0794436
In Care Of
% WILLIAM W BALLANCE JR
Phone
2529862356
Address
P O BOX 251, HATTERAS, NC 27943-0251

Signing Officer

Name
William W Ballance Jr
Title
President
Phone
2529960328
Signed
2025-11-14
Discuss with paid preparer
No

Organization Details

Principal Officer
WILLIAM W BALLANCE Jr
Formed
1960
Legal Domicile
Nc
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
27

Preparer

Firm
Cathy Parsons CPA Pllc
Address
P O BOX 630, HATTERAS, NC 27943
Preparer
Cathleen R Parsons
Phone
2529862711
Supplemental Narrative

Additional Explanations

General explanation attachment

Hatteras fire protective association does not depreciate its fixed assets. Disposal and obsolete equipment are adjusted through fund balance.

Raw XML Appendix356 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt6FIRE OFFICER
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FAMILY RELATIONSHIP - WILLIAM BALLANCE DIRECTOR, JEREMY HICKS FIRE CHIEF (FATHER-IN-LAW/SON-IN-LAW)
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH MEMBER HAS THE RIGHT TO CAST ONE VOTE FOR AS MANY PERSONS AS THERE ARE DIRECTORS OR OFFICERS TO BE ELECTED EACH YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2RETURN PREPARER PRESENTS FINAL VERSION OF FORM 990 TO PRESIDENT FOR REVIEW AND SIGNATURE. COPY IN OFFICE FOR ALL BOARD MEMBERS REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PART VI - SECTION B. POLICIES LINES 15A & 15B THE HATTERAS FIRE PROTECTIVE ASSOCIATION IS A VOLUNTEER FIRE DEPARTMENT WITH NO PAID EMPLOYEES, OFFICERS OR DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENT ARE AVAILABLE TO PUBLIC UPON REQUEST TO BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5HATTERAS FIRE PROTECTIVE ASSOCIATION DOES NOT DEPRECIATE ITS FIXED ASSETS. DISPOSAL AND OBSOLETE EQUIPMENT ARE ADJUSTED THROUGH FUND BALANCE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Officer directors etc family relationship Part VI line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Members or stockholder classes and rights Part VI line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5General explanation attachment
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0WILLIAM W BALLANCE JR
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
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ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-14
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ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CATHLEEN R PARSONS
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ReturnHeader/ReturnTs02025-11-14T15:14:20-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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