Civic Intelligence

Lovelady Volunteer Fire Department Incorporated

990 • Fiscal year 2019 • EIN 56-1402701

Jul 01, 2018 to Jun 30, 2019 • Filed on Sep 11, 2019

PO Box 126Rutherford College, NC 28671

(828) 879-9801

Siviq Scores

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

Liabilities / Assets

23rd percentile

0.00x

Higher debt load relative to assets than 23% of similar nonprofits.

2019 filings • NTEE M24Z • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

23rd percentile

0.02x

Higher debt load relative to revenue than 23% of similar nonprofits.

2019 filings • NTEE M24Z • $1M-$5M nonprofits • Source year 2019

Net Margin

73rd percentile

24%

Higher net margin than 73% of similar nonprofits.

2019 filings • NTEE M24Z • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

72nd percentile

$2,268

Higher top officer pay than 72% of similar nonprofits.

Top officer pay equals 0.5% of source-year revenue.

2019 filings • NTEE M24Z • $1M-$5M nonprofits • Source year 2019

Asset Growth

73rd percentile

6.1%

Faster asset growth than 73% of similar nonprofits.

2019 filings • NTEE M24Z • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

59th percentile

5.0%

Faster revenue growth than 59% of similar nonprofits.

2019 filings • NTEE M24Z • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Up

$2,096,688

Up $120,310 (+6.1%) from 2018

Net Assets

Up

$2,088,484

Up $115,993 (+5.9%) from 2018

Liabilities

Up

$8,204

Up $4,317 (+111%) from 2018

Revenue

Up

$483,622

Up $22,894 (+5.0%) from 2018

Expenses

Down

$367,621

Down $4,135 (-1.1%) from 2018

Net Income

Up

$116,001

Up $27,029 (+30%) from 2018

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: $1,967,035Liabilities 2011: $634,849Net Assets 2011: $1,332,1862011Assets 2012: $1,879,406Liabilities 2012: $507,733Net Assets 2012: $1,371,6732012Assets 2013: $1,786,601Liabilities 2013: $375,845Net Assets 2013: $1,410,7562013Assets 2014: $1,841,894Liabilities 2014: $332,455Net Assets 2014: $1,509,4392014Assets 2015: $1,772,773Liabilities 2015: $190,713Net Assets 2015: $1,582,0602015Assets 2016: $1,759,931Liabilities 2016: $41,841Net Assets 2016: $1,718,0902016Assets 2017: $1,884,938Liabilities 2017: $1,420Net Assets 2017: $1,883,5192017Assets 2018: $1,976,378Liabilities 2018: $3,887Net Assets 2018: $1,972,4912018Assets 2019: $2,096,688Liabilities 2019: $8,204Net Assets 2019: $2,088,4842019Assets 2020: $2,184,037Liabilities 2020: $4,961Net Assets 2020: $2,179,0762020Assets 2021: $2,290,603Liabilities 2021: $4,453Net Assets 2021: $2,286,1502021Assets 2022: $2,453,434Liabilities 2022: $6,756Net Assets 2022: $2,446,6782022Assets 2023: $2,672,037Liabilities 2023: $8,658Net Assets 2023: $2,663,3792023Assets 2024: $3,432,078Liabilities 2024: $6,952Net Assets 2024: $3,425,1262024Assets 2025: $3,769,933Liabilities 2025: $4,774Net Assets 2025: $3,765,1592025

Highlighted filing

2019

Assets$2,096,688
Liabilities$8,204
Net Assets$2,088,484

Operations Trend

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

$1.5M$1.0M$500K$0Revenue 2011: $379,890Expenses 2011: $322,957Net Income 2011: $56,9332011Expenses 2012: $369,7232012Expenses 2013: $341,0952013Revenue 2014: $447,872Expenses 2014: $349,189Net Income 2014: $98,6832014Revenue 2015: $412,688Expenses 2015: $340,867Net Income 2015: $71,8212015Revenue 2016: $420,135Expenses 2016: $284,107Net Income 2016: $136,0282016Revenue 2017: $444,756Expenses 2017: $279,327Net Income 2017: $165,4292017Revenue 2018: $460,728Expenses 2018: $371,756Net Income 2018: $88,9722018Revenue 2019: $483,622Expenses 2019: $367,621Net Income 2019: $116,0012019Revenue 2020: $517,419Expenses 2020: $426,827Net Income 2020: $90,5922020Revenue 2021: $524,967Expenses 2021: $417,894Net Income 2021: $107,0732021Revenue 2022: $587,287Expenses 2022: $426,758Net Income 2022: $160,5292022Revenue 2023: $657,976Expenses 2023: $441,276Net Income 2023: $216,7002023Revenue 2024: $1,239,989Expenses 2024: $478,238Net Income 2024: $761,7512024Revenue 2025: $873,175Expenses 2025: $533,143Net Income 2025: $340,0322025

Highlighted filing

2019

Revenue$483,622
Expenses$367,621
Net Income$116,001
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Sep 11, 2019
Return Version
2018v3.1
Gross Receipts
$483,622
Mission and Program Overview

Mission

Provide protection of property to organize train & equip a volunteer fire department

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,160,793$1,790,799▲ $630,006
Cash and Non-Interest-Bearing Accounts$306,411$264,004▼ $42,407
Pledges and Grants Receivable$18,554$20,050▲ $1,496
Prepaid Expenses and Deferred Charges$12,349$9,279▼ $3,070
Savings and Temporary Cash Investments$478,271$8,943▼ $469,328
Accounts Receivable-$3,613-
Total Assets$1,976,378$2,096,688▲ $120,310
Liabilities
Accounts Payable and Accrued Expenses$3,887$8,204▲ $4,317
Total Liabilities$3,887$8,204▲ $4,317
Net Assets / Fund Balance
Unrestricted Net Assets$1,972,491$2,088,484▲ $115,993
Total Net Assets Fund Balance$1,972,491$2,088,484▲ $115,993
Total Liabilities and Net Assets / Fund Balance$1,976,378$2,096,688▲ $120,310

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,101,793$1,548,089$2,649,882
Buildings$604,024$285,447$889,471
Land$84,982-$84,982
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Nick Reed JrChiefPT$2,268$2,268
Walt SuddrethTreasurerPT$1,200$1,200
Brian CarswellAsst ChiefPT$1,200$1,200

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$470,353
Program Service Revenue
$0
Investment Income
$743
Other Revenue
$12,526
Change in Net Assets
$116,001

Audited Revenue Reconciliation

Revenue per Audited Statements
$484,767
Total Revenue per Audited Statements
$484,767
Total Revenue per Form 990
$484,767
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$293,786
Salaries, Compensation, and Employee Benefits$73,835
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$118,909--$118,909
Other Salaries and Wages$65,292--$65,292
Conferences and Meetings$26,635--$26,635
Insurance$23,265--$23,265
Occupancy$19,578--$19,578
Payroll Taxes$4,994$184-$5,178
Travel$4,400--$4,400
Fees for Services Accounting$3,995--$3,995
Current Officers, Directors, Trustees, and Key Employees-$2,400-$2,400
All Other Expenses$1,252--$1,252
Pension Plan Contributions$965--$965
Office Expenses$849--$849
Fees for Services Other$495--$495
Other Expenses$186--$186
Advertising$15--$15
Total Functional Expenses$365,037$2,584$0$367,621

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$368,773
Total Expenses per Audited Statements$368,773
Total Expenses per Form 990$368,773
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
No
Backup withholding compliance
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Member election for additional members Part VI line 7A

New members are elected by the Board of Directors

Form 990 governing body review Part VI line 11

990 is reviewed at annual meeting or reviewed by officers and board at next regularly scheduled meeting

Governing documents etc available to public Part VI line 19

Available upon request at annual meeting or by calling the station

Filing and Contact Details

Filer

Filer Name
Lovelady Volunteer Fire Dept
EIN
56-1402701
Address
PO Box 126, Rutherford College, NC 28671

Signing Officer

Name
Walt Suddreth
Title
Treasurer
Phone
8288799028
Signed
2019-09-11
Discuss with paid preparer
Yes

Organization Details

Formed
1960
Legal Domicile
Nc
Voting Board Members
11
Independent Board Members
11
Employees
0
Volunteers
10

Preparer

Firm
Gray & Hammond Accountants
Address
PO Box 938, Morganton, NC 28680
Preparer
Denise J Hammond
Phone
8284377058
Supplemental Narrative

Additional Explanations

Explanation of other changes in net assets or fund balances Part XI line 9

Rounding -8

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IRS990/PledgesAndGrantsReceivableGrp/EOYAmt020050
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt012349
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt09279
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0458891
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt01020
IRS990/PYOtherExpensesAmt0370136
IRS990/PYOtherRevenueAmt0817
IRS990/PYRevenuesLessExpensesAmt088972
IRS990/PYSalariesCompEmpBnftPaidAmt01620
IRS990/PYTotalExpensesAmt0371756
IRS990/PYTotalRevenueAmt0460728
IRS990/ReconcilationRevenueExpnssAmt0116001
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0483622
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0478271
IRS990/SavingsAndTempCashInvstGrp/EOYAmt08943
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt05
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt05000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt02110
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt012753
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt019868
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0743
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt01020
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0556
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0228
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0160
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt02707
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt012526
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt0817
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt030434
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt0607
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt03062
IRS990ScheduleA/OtherIncome170Grp/TotalAmt047446
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.97720
IRS990ScheduleA/PublicSupportPY170Pct00.98200
IRS990ScheduleA/PublicSupportTotal170Amt02151776
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearAmt0470348
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus1YearAmt0458891
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus2YearsAmt0408766
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus3YearsAmt0417190
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus4YearsAmt0376713
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt02131908
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0470353
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0458891
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0413766
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0419300
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0389466
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02151776
IRS990ScheduleA/TotalSupportAmt02201929
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0604024
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0285447
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0889471
IRS990ScheduleD/EquipmentGrp/BookValueAmt01101793
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01548089
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02649882
IRS990ScheduleD/ExpensesSubtotalAmt0368773
IRS990ScheduleD/LandGrp/BookValueAmt084982
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt084982
IRS990ScheduleD/RevenueSubtotalAmt0484767
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01790799
IRS990ScheduleD/TotalExpensesPerForm990Amt0368773
IRS990ScheduleD/TotalRevenuePerForm990Amt0484767
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0484767
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0368773
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0New members are elected by the Board of Directors
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1990 is reviewed at annual meeting or reviewed by officers and board at next regularly scheduled meeting
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Available upon request at annual meeting or by calling the station
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Rounding -8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Member election for additional members Part VI line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Explanation of other changes in net assets or fund balances Part XI line 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NC
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01976378
IRS990/TotalAssetsEOYAmt02096688
IRS990/TotalAssetsGrp/BOYAmt01976378
IRS990/TotalAssetsGrp/EOYAmt02096688
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0470353
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt02584
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0365037
IRS990/TotalFunctionalExpensesGrp/TotalAmt0367621
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03887
IRS990/TotalLiabilitiesEOYAmt08204
IRS990/TotalLiabilitiesGrp/BOYAmt03887
IRS990/TotalLiabilitiesGrp/EOYAmt08204
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01972491
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02088484
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0365037
IRS990/TotalReportableCompFromOrgAmt04668
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt013269
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0483622
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01976378
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02096688
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt04400
IRS990/TravelGrp/TotalAmt04400
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01972491
IRS990/UnrestrictedNetAssetsGrp/EOYAmt02088484
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt011
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02020-09-22 18:59:49Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0WALT SUDDRETH

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$3.77$0.00$3.77$0.87$0.53$0.34
2024Detailed filing. Detailed filing data is available for this year.$3.43$0.01$3.43$1.24$0.48$0.76
2023Detailed filing. Detailed filing data is available for this year.$2.67$0.01$2.66$0.66$0.44$0.22
2022Detailed filing. Detailed filing data is available for this year.$2.45$0.01$2.45$0.59$0.43$0.16
2021Detailed filing. Detailed filing data is available for this year.$2.29$0.00$2.29$0.52$0.42$0.11
2020Detailed filing. Detailed filing data is available for this year.$2.18$0.00$2.18$0.52$0.43$0.09
2019Detailed filing. Detailed filing data is available for this year.$2.10$0.01$2.09$0.48$0.37$0.12
2018Detailed filing. Detailed filing data is available for this year.$1.98$0.00$1.97$0.46$0.37$0.09
2017Summary only. Only limited summary data is available for this year.$1.88$0.00$1.88$0.44$0.28$0.17
2016Detailed filing. Detailed filing data is available for this year.$1.76$0.04$1.72$0.42$0.28$0.14
2015Summary only. Only limited summary data is available for this year.$1.77$0.19$1.58$0.41$0.34$0.07
2014Summary only. Only limited summary data is available for this year.$1.84$0.33$1.51$0.45$0.35$0.10
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.79$0.38$1.41$0.34
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.88$0.51$1.37$0.37
2011Summary only. Only limited summary data is available for this year.$1.97$0.63$1.33$0.38$0.32$0.06