Civic Intelligence

Elon Fire Rescue Inc.

990 • Fiscal year 2015 • EIN 56-1174600

Jul 01, 2014 to Jun 30, 2015 • Filed on Jan 13, 2016

PO Box 595Elon, NC 27244

(336) 584-9190

Siviq Scores

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

Liabilities / Assets

70th percentile

0.32x

Higher debt load relative to assets than 70% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

87th percentile

1.30x

Higher debt load relative to revenue than 87% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

14th percentile

-21%

Higher net margin than 14% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

36th percentile

$5,258

Higher top officer pay than 36% of similar nonprofits.

Top officer pay equals 0.9% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

14th percentile

-8.5%

Faster asset growth than 14% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

26th percentile

-6.6%

Faster revenue growth than 26% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Down

$2,399,645

Down $222,803 (-8.5%) from 2014

Net Assets

Down

$1,624,459

Down $123,950 (-7.1%) from 2014

Liabilities

Down

$775,186

Down $98,853 (-11%) from 2014

Revenue

Down

$596,726

Down $42,375 (-6.6%) from 2014

Expenses

Up

$720,676

Up $25,670 (+3.7%) from 2014

Net Income

Down

-$123,950

Down $68,045 (-122%) from 2014

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $3,143,677Liabilities 2011: $1,127,771Net Assets 2011: $2,015,9062011Assets 2012: $2,970,784Liabilities 2012: $1,063,346Net Assets 2012: $1,907,4382012Assets 2013: $2,755,449Liabilities 2013: $951,135Net Assets 2013: $1,804,3142013Assets 2014: $2,622,448Liabilities 2014: $874,039Net Assets 2014: $1,748,4092014Assets 2015: $2,399,645Liabilities 2015: $775,186Net Assets 2015: $1,624,4592015Assets 2016: $2,131,758Liabilities 2016: $661,465Net Assets 2016: $1,470,2932016Assets 2017: $205,683Liabilities 2017: $0Net Assets 2017: $205,6832017Assets 2018: $315,182Liabilities 2018: $0Net Assets 2018: $315,1822018

Highlighted filing

2015

Assets$2,399,645
Liabilities$775,186
Net Assets$1,624,459

Operations Trend

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

$2.0M$1.0M$0-$1.0M-$2.0MRevenue 2011: $710,679Expenses 2011: $702,164Net Income 2011: $8,5152011Revenue 2012: $613,860Expenses 2012: $722,328Net Income 2012: -$108,4682012Revenue 2013: $593,277Expenses 2013: $732,115Net Income 2013: -$138,8382013Revenue 2014: $639,101Expenses 2014: $695,006Net Income 2014: -$55,9052014Revenue 2015: $596,726Expenses 2015: $720,676Net Income 2015: -$123,9502015Revenue 2016: $94,506Expenses 2016: $248,672Net Income 2016: -$154,1662016Revenue 2017: $526,989Expenses 2017: $1,791,599Net Income 2017: -$1,264,6102017Revenue 2018: $8,628Expenses 2018: $9,145Net Income 2018: -$5172018

Highlighted filing

2015

Revenue$596,726
Expenses$720,676
Net Income-$123,950
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Jan 13, 2016
Return Version
2014v6.0
Gross Receipts
$596,726
Mission and Program Overview

Mission

Fire protection for the community surrounding elon

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,933,983$1,739,976▼ $194,007
Savings and Temporary Cash Investments$641,440$606,340▼ $35,100
Accounts Receivable$41,168$49,180▲ $8,012
Prepaid Expenses and Deferred Charges$5,857$4,149▼ $1,708
Total Assets$2,622,448$2,399,645▼ $222,803
Liabilities
Mortgage Notes Payable Secured by Investment Property$847,630$723,211▼ $124,419
Accounts Payable and Accrued Expenses$26,409$51,975▲ $25,566
Total Liabilities$874,039$775,186▼ $98,853
Net Assets / Fund Balance
Unrestricted Net Assets$1,563,172$1,433,647▼ $129,525
Temporarily Rstr Net Assets$185,237$190,812▲ $5,575
Total Net Assets Fund Balance$1,748,409$1,624,459▼ $123,950
Total Liabilities and Net Assets / Fund Balance$2,622,448$2,399,645▼ $222,803

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$450,139$2,062,145$2,512,284
Buildings$1,244,637$970,334$2,214,971
Land$45,200-$45,200
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Alva SizemoreFire Chief (ex-officio)FT$5,258$5,258

Board Members and Trustees

NameTitle
Steve FloydPresident
Kim HensleyBoard Member
Ray E PruittBoard Member
Ron KlepcykBoard Member
Linda BuffSecretary
Kevin DeangeloTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$563,104
Program Service Revenue
$0
Investment Income
$1,120
Other Revenue
$32,502
All Other Contributions
$60,000
Change in Net Assets
$-123,950

Audited Revenue Reconciliation

Revenue per Audited Statements
$596,726
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$596,726
Total Revenue per Form 990
$596,726
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$410,267
Salaries, Compensation, and Employee Benefits$308,179
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$302,921--$302,921
Depreciation Depletion$237,958--$237,958
Interest$29,014--$29,014
Insurance$28,449--$28,449
Occupancy$20,290--$20,290
Fees for Services Other$8,800--$8,800
Fees for Services Accounting-$6,750-$6,750
Other Expenses$5,951$5,480-$5,951
All Other Expenses$5,090$270-$5,360
Current Officers, Directors, Trustees, and Key Employees$5,258--$5,258
Benefits to Members$2,230--$2,230
Travel$300--$300
Total Functional Expenses$708,176$12,500$0$720,676

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$720,676
Total Expenses per Audited Statements$720,676
Total Expenses per Form 990$720,676
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
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
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
Yes
Other officer compensation reviewed
Yes
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, Part VI, Section A, Line 6

ORGANIZATION HAS MEMBERS

Form 990, Part VI, Section A, Line 7A

Directors of the organization are elected by the members.

Form 990, Part VI, Section A, Line 8B

No committees have that authority

Form 990, Part VI, Section B, Line 11

Form 990 is reviewed by the board of directors. Questions and pertinent information is discussed.

Form 990, Part VI, Section B, Line 12C

President annually evaluates disclosures and montiors compliance on an ongoing basis.

Form 990, Part VI, Section B, Line 15

Compensation is determined by the town of elon based on length of service, job description, and other factors.

Form 990, Part VI, Section C, Line 18

ORGANIZATION'S LOCATION.

Form 990, Part VI, Section C, Line 19

Information is available by request

Filing and Contact Details

Filer

Filer Name
Elon Firerescue Inc
EIN
56-1174600
Phone
3365849190
Address
PO BOX 595, ELON, NC 27244

Signing Officer

Name
Steven Floyd
Title
President Bod
Phone
3365849190
Signed
2016-01-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steven Floyd
Formed
1977
Legal Domicile
Nc
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
24

Preparer

Firm
Cobb Ezekiel Loy & Company Pa
Address
PO BOX 387, GRAHAM, NC 27253-0387
Preparer
Rebekah W Loy CPA
Phone
3362271495
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

No change from prior year. Audit committee is made up of members from the board of directors.

Financial Statement Notes

PART X, LINE 2:

Elon fire / rescue, inc. Is currently not under an income tax audit in any jurisdiction. However, due to the complexity involved with certain tax matters, there is the possibility that the various taxing authorities may disagree with certain tax positions filed on the organization's income tax returns. All relevant facts and circumstances have been considered and the organization believes that it has made adequate provision for all income tax uncertainties.

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IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt06695
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt06049
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt08328
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt016824
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt06304
IRS990ScheduleA/OtherIncome170Grp/TotalAmt044200
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.98150
IRS990ScheduleA/PublicSupportPY170Pct00.97260
IRS990ScheduleA/PublicSupportTotal170Amt03102842
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearAmt0289139
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus1YearAmt0282755
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus2YearsAmt0265395
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus3YearsAmt0291955
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus4YearsAmt0296268
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt01425512
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0589130
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0632000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0583813
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0596973
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0700926
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03102842
IRS990ScheduleA/TotalSupportAmt03161336
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt01244637
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0970334
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02214971
IRS990ScheduleD/EquipmentGrp/BookValueAmt0450139
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02062145
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02512284
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0720676
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt045200
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt045200
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0596726
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ELON FIRE / RESCUE, INC. IS CURRENTLY NOT UNDER AN INCOME TAX AUDIT IN ANY JURISDICTION. HOWEVER, DUE TO THE COMPLEXITY INVOLVED WITH CERTAIN TAX MATTERS, THERE IS THE POSSIBILITY THAT THE VARIOUS TAXING AUTHORITIES MAY DISAGREE WITH CERTAIN TAX POSITIONS FILED ON THE ORGANIZATION'S INCOME TAX RETURNS. ALL RELEVANT FACTS AND CIRCUMSTANCES HAVE BEEN CONSIDERED AND THE ORGANIZATION BELIEVES THAT IT HAS MADE ADEQUATE PROVISION FOR ALL INCOME TAX UNCERTAINTIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01739976
IRS990ScheduleD/TotalExpensesPerForm990Amt0720676
IRS990ScheduleD/TotalRevenuePerForm990Amt0596726
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0596726
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0720676
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ORGANIZATION HAS MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DIRECTORS OF THE ORGANIZATION ARE ELECTED BY THE MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO COMMITTEES HAVE THAT AUTHORITY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 990 IS REVIEWED BY THE BOARD OF DIRECTORS. QUESTIONS AND PERTINENT INFORMATION IS DISCUSSED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PRESIDENT ANNUALLY EVALUATES DISCLOSURES AND MONTIORS COMPLIANCE ON AN ONGOING BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5COMPENSATION IS DETERMINED BY THE TOWN OF ELON BASED ON LENGTH OF SERVICE, JOB DESCRIPTION, AND OTHER FACTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ORGANIZATION'S LOCATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7INFORMATION IS AVAILABLE BY REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8NO CHANGE FROM PRIOR YEAR. AUDIT COMMITTEE IS MADE UP OF MEMBERS FROM THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0185237
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0190812
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02622448
IRS990/TotalAssetsEOYAmt02399645
IRS990/TotalAssetsGrp/BOYAmt02622448
IRS990/TotalAssetsGrp/EOYAmt02399645
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0563104
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt012500
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0708176
IRS990/TotalFunctionalExpensesGrp/TotalAmt0720676
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0874039
IRS990/TotalLiabilitiesEOYAmt0775186
IRS990/TotalLiabilitiesGrp/BOYAmt0874039
IRS990/TotalLiabilitiesGrp/EOYAmt0775186
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01748409
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01624459
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0708176
IRS990/TotalReportableCompFromOrgAmt05258
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt033622
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0596726
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt024
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02622448
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02399645
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt0300
IRS990/TravelGrp/TotalAmt0300
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationOtherInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01563172
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01433647
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 595
IRS990/USAddress/CityNm0ELON
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd027244
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0WWW.ELONNC.COM/FIRE
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02016-04-25 22:37:26Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0STEVEN FLOYD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT BOD

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