Civic Intelligence

Mineral Springs Volunteer Fire and Rescue Inc.

990 • Fiscal year 2016 • EIN 56-6193986

Jul 01, 2015 to Jun 30, 2016 • Filed on Oct 04, 2016

1338 Old Hollow RoadWinston Salem, NC 27105

(336) 727-8084

Siviq Scores

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

Liabilities / Assets

61st percentile

0.00x

Higher debt load relative to assets than 61% of similar nonprofits.

2016 filings • NTEE M24 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

61st percentile

0.01x

Higher debt load relative to revenue than 61% of similar nonprofits.

2016 filings • NTEE M24 • <$500k nonprofits • Source year 2016

Net Margin

61st percentile

17%

Higher net margin than 61% of similar nonprofits.

2016 filings • NTEE M24 • <$500k nonprofits • Source year 2016

Top Officer Pay

87th percentile

$0

Higher top officer pay than 87% of similar nonprofits.

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

2016 filings • NTEE M24 • <$500k nonprofits • Source year 2016

Asset Growth

72nd percentile

9.6%

Faster asset growth than 72% of similar nonprofits.

2016 filings • NTEE M24 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

5th percentile

-48%

Faster revenue growth than 5% of similar nonprofits.

2016 filings • NTEE M24 • <$500k nonprofits • Annualized from 2015 to 2016

Assets

Up

$432,851

Up $38,000 (+9.6%) from 2015

Net Assets

Up

$431,292

Up $39,189 (+10.0%) from 2015

Liabilities

Down

$1,559

Down $1,189 (-43%) from 2015

Revenue

Down

$232,044

Down $213,393 (-48%) from 2015

Expenses

Down

$192,855

Down $43,550 (-18%) from 2015

Net Income

Down

$39,189

Down $169,843 (-81%) from 2015

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2011: $197,127Liabilities 2011: $1,578Net Assets 2011: $195,5492011Assets 2012: $212,222Liabilities 2012: $1,171Net Assets 2012: $211,0512012Assets 2013: $204,206Liabilities 2013: $2,104Net Assets 2013: $202,1022013Assets 2014: $184,316Liabilities 2014: $1,245Net Assets 2014: $183,0712014Assets 2015: $394,851Liabilities 2015: $2,748Net Assets 2015: $392,1032015Assets 2016: $432,851Liabilities 2016: $1,559Net Assets 2016: $431,2922016Assets 2017: $434,909Liabilities 2017: $2,043Net Assets 2017: $432,8662017Assets 2018: $443,310Liabilities 2018: $6,065Net Assets 2018: $437,2452018Assets 2019: $413,356Liabilities 2019: $1,533Net Assets 2019: $411,8232019Assets 2020: $423,362Liabilities 2020: $1,019Net Assets 2020: $422,3432020Assets 2021: $647,782Liabilities 2021: $1,022Net Assets 2021: $646,7602021Assets 2022: $760,718Liabilities 2022: $1,021Net Assets 2022: $759,6972022Assets 2023: $728,423Liabilities 2023: $2,294Net Assets 2023: $726,1292023Assets 2024: $669,243Liabilities 2024: $1,039Net Assets 2024: $668,2042024

Highlighted filing

2016

Assets$432,851
Liabilities$1,559
Net Assets$431,292

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2011: $209,452Expenses 2011: $226,390Net Income 2011: -$16,9382011Revenue 2012: $223,724Expenses 2012: $208,222Net Income 2012: $15,5022012Revenue 2013: $226,432Expenses 2013: $235,381Net Income 2013: -$8,9492013Revenue 2014: $228,208Expenses 2014: $247,239Net Income 2014: -$19,0312014Revenue 2015: $445,437Expenses 2015: $236,405Net Income 2015: $209,0322015Revenue 2016: $232,044Expenses 2016: $192,855Net Income 2016: $39,1892016Revenue 2017: $253,801Expenses 2017: $252,227Net Income 2017: $1,5742017Revenue 2018: $250,743Expenses 2018: $246,364Net Income 2018: $4,3792018Revenue 2019: $252,863Expenses 2019: $278,285Net Income 2019: -$25,4222019Revenue 2020: $273,759Expenses 2020: $263,239Net Income 2020: $10,5202020Revenue 2021: $523,457Expenses 2021: $299,040Net Income 2021: $224,4172021Revenue 2022: $299,184Expenses 2022: $385,664Net Income 2022: -$86,4802022Revenue 2023: $347,430Expenses 2023: $346,994Net Income 2023: $4362023Revenue 2024: $347,220Expenses 2024: $405,145Net Income 2024: -$57,9252024

Highlighted filing

2016

Revenue$232,044
Expenses$192,855
Net Income$39,189
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Oct 4, 2016
Return Version
2015v2.1
Gross Receipts
$232,044
Mission and Program Overview

Mission

To provide fire and rescue services to those inside the service area without charge.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$353,027$368,600▲ $15,573
Land, Buildings, and Equipment, Net$41,824$64,251▲ $22,427
Total Assets$394,851$432,851▲ $38,000
Liabilities
Other Liabilities$2,748$1,559▼ $1,189
Total Liabilities$2,748$1,559▼ $1,189
Net Assets / Fund Balance
Unrestricted Net Assets$392,103$431,292▲ $39,189
Total Net Assets Fund Balance$392,103$431,292▲ $39,189
Total Liabilities and Net Assets / Fund Balance$394,851$432,851▲ $38,000

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$41,520$40,355$81,875
Buildings$22,731$998$23,729
Compensation and Service Providers

Board Members and Trustees

NameTitle
Gary StyersPresident
Andrew HundleyBoard
Bj JoyceBoard
Dawn HatcherBoard
Sammy EvansBoard
Steve OgburnAssistant Se
Sandra LanierAssistant Tr
Harvey JessupChaplain
Norman WalkerChief
Rommie KnightSecretary
Chris HillSgt of Arms
David SmithTreasurer
Clifton KilbyVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$226,298
Program Service Revenue
$0
Investment Income
$223
Other Revenue
$5,523
All Other Contributions
$200
Change in Net Assets
$39,189

Audited Revenue Reconciliation

Revenue per Audited Statements
$232,044
Total Revenue per Audited Statements
$232,044
Total Revenue per Form 990
$232,044
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$102,449
Other Expenses$90,406
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$92,781--$92,781
Insurance$23,305--$23,305
Depreciation Depletion$9,199--$9,199
Payroll Taxes$8,268--$8,268
Occupancy$7,783--$7,783
Fees for Services Accounting-$5,740-$5,740
Office Expenses$5,692--$5,692
All Other Expenses$4,190--$4,190
Other Expenses$3,890--$3,890
Pension Plan Contributions$1,400--$1,400
Interest$43--$43
Total Functional Expenses$187,115$5,740$0$192,855

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$215,279
Total Expenses per Form 990$192,855
Expenses per Audited Statements$183,656
Expenses Not Reported on Form 990$31,623
Expenses Not Reported on Financial Statements$9,199
Other Expense Adjustments$9,199
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Withholdings$1,099
Credit Card$460
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
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, Page 6, Part VI, Line 11B

Form 990, part vi, screen b, line 11: the return is reviewed by the treasurer before filing the tax return.

Form 990, Page 6, Part VI, Line 12C

Discussed on an annual basis to remind volunteers and staff.

Form 990, Page 6, Part VI, Line 19

The entity's documents are available upon request in the office of the department

Filing and Contact Details

Filer

Filer Name
Mineral Springs Volunteer Fire &
EIN
56-6193986
Phone
3367278084
Address
1338 OLD HOLLOW ROAD, WINSTON SALEM, NC 27105

Signing Officer

Name
David Smith
Title
Treasurer
Phone
3367278084
Signed
2016-10-04

Organization Details

Principal Officer
David Smith
Formed
1968
Legal Domicile
Nc
Voting Board Members
13
Independent Board Members
13
Employees
14
Volunteers
35

Preparer

Firm
Cannon & Company Llp
Address
2160 COUNTRY CLUB RD, WINSTONSALEM, NC 27104-4208
Preparer
William B Amburn
Phone
3367250635
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

Providing volunteer fire and rescue service to residents of the service district without charge.

Form 990, Part XI, Line 9

C/O 22,424 C/O -22,424

Financial Statement Notes

Schedule D, Page 4, Part XII, Line 2D

CAPITAL OUTLAY 31,623

Schedule D, Page 4, Part XII, Line 4B

DEPRECIATION 9,199

Schedule D, Page 4, Part XIII

Part x-fin 48 footnote the department is entitled to exemption federal and north carolina income taxation under internal revenue code section 510(c)(4) and is not a private foundation. Accordingly, the accompanying financial statements do not reflect a provision or liability for federal or state income taxes. The department has determined that it does not have any material unrecognized tax benefits or obligations as of june 30, 2016. Years ending on or after june 30, 2014 remain subject to examination by federal and state authorities.

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IRS990/ReconcilationRevenueExpnssAmt039189
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0353027
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0368600
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/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt022731
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0998
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt023729
IRS990ScheduleD/EquipmentGrp/BookValueAmt041520
IRS990ScheduleD/EquipmentGrp/DepreciationAmt040355
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt081875
IRS990ScheduleD/ExpensesNotReportedAmt031623
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt09199
IRS990ScheduleD/ExpensesSubtotalAmt0183656
IRS990ScheduleD/OtherExpensesIncludedAmt031623
IRS990ScheduleD/OtherExpensesNotIncludedAmt09199
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01099
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1460
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL WITHHOLDINGS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1CREDIT CARD
IRS990ScheduleD/RevenueSubtotalAmt0232044
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0CAPITAL OUTLAY 31,623
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1DEPRECIATION 9,199
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2PART X-FIN 48 FOOTNOTE THE DEPARTMENT IS ENTITLED TO EXEMPTION FEDERAL AND NORTH CAROLINA INCOME TAXATION UNDER INTERNAL REVENUE CODE SECTION 510(C)(4) AND IS NOT A PRIVATE FOUNDATION. ACCORDINGLY, THE ACCOMPANYING FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION OR LIABILITY FOR FEDERAL OR STATE INCOME TAXES. THE DEPARTMENT HAS DETERMINED THAT IT DOES NOT HAVE ANY MATERIAL UNRECOGNIZED TAX BENEFITS OR OBLIGATIONS AS OF JUNE 30, 2016. YEARS ENDING ON OR AFTER JUNE 30, 2014 REMAIN SUBJECT TO EXAMINATION BY FEDERAL AND STATE AUTHORITIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XII, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XII, LINE 4B
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE D, PAGE 4, PART XIII
IRS990ScheduleD/TotalBookValueLandBuildingsAmt064251
IRS990ScheduleD/TotalExpensesPerForm990Amt0192855
IRS990ScheduleD/TotalLiabilityAmt01559
IRS990ScheduleD/TotalRevenuePerForm990Amt0232044
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0232044
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0215279
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PROVIDING VOLUNTEER FIRE AND RESCUE SERVICE TO RESIDENTS OF THE SERVICE DISTRICT WITHOUT CHARGE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990, PART VI, SCREEN B, LINE 11: THE RETURN IS REVIEWED BY THE TREASURER BEFORE FILING THE TAX RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DISCUSSED ON AN ANNUAL BASIS TO REMIND VOLUNTEERS AND STAFF.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ENTITY'S DOCUMENTS ARE AVAILABLE UPON REQUEST IN THE OFFICE OF THE DEPARTMENT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4C/O 22,424 C/O -22,424
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0394851
IRS990/TotalAssetsEOYAmt0432851
IRS990/TotalAssetsGrp/BOYAmt0394851
IRS990/TotalAssetsGrp/EOYAmt0432851
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0226298
IRS990/TotalEmployeeCnt014
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt05740
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0187115
IRS990/TotalFunctionalExpensesGrp/TotalAmt0192855
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02748
IRS990/TotalLiabilitiesEOYAmt01559
IRS990/TotalLiabilitiesGrp/BOYAmt02748
IRS990/TotalLiabilitiesGrp/EOYAmt01559
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0392103
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0431292
IRS990/TotalProgramServiceExpensesAmt0187115
IRS990/TotalRevenueGrp/ExclusionAmt0223
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt05523
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0232044
IRS990/TotalVolunteersCnt035
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0394851
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0432851
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0392103
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0431292
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01338 OLD HOLLOW ROAD
IRS990/USAddress/CityNm0WINSTONSALEM
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd027105
IRS990/VotingMembersGoverningBodyCnt013
IRS990/VotingMembersIndependentCnt013
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0DAVID SMITH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum03367278084
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-10-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MINERAL SPRINGS VOLUNTEER FIRE &
ReturnHeader/Filer/BusinessNameControlTxt0MINE
ReturnHeader/Filer/EIN0566193986
ReturnHeader/Filer/PhoneNum03367278084
ReturnHeader/Filer/USAddress/AddressLine1Txt01338 OLD HOLLOW ROAD
ReturnHeader/Filer/USAddress/CityNm0WINSTON SALEM
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd027105
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0560727655
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CANNON & COMPANY LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02160 COUNTRY CLUB RD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WINSTONSALEM
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0271044208
ReturnHeader/PreparerPersonGrp/PhoneNum03367250635
ReturnHeader/PreparerPersonGrp/PreparationDt02016-10-04
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0WILLIAM B AMBURN
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02016-10-05T07:21:57-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-07-01
ReturnHeader/TaxPeriodEndDt02016-06-30
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$6.69$0.01$6.68$3.47$4.05$0.58
2023Detailed filing. Detailed filing data is available for this year.$7.28$0.02$7.26$3.47$3.47$0.00
2022Detailed filing. Detailed filing data is available for this year.$7.61$0.01$7.60$2.99$3.86$0.86
2021Detailed filing. Detailed filing data is available for this year.$6.48$0.01$6.47$5.23$2.99$2.24
2020Detailed filing. Detailed filing data is available for this year.$4.23$0.01$4.22$2.74$2.63$0.11
2019Detailed filing. Detailed filing data is available for this year.$4.13$0.02$4.12$2.53$2.78$0.25
2018Summary only. Only limited summary data is available for this year.$4.43$0.06$4.37$2.51$2.46$0.04
2017Detailed filing. Detailed filing data is available for this year.$4.35$0.02$4.33$2.54$2.52$0.02
2016Detailed filing. Detailed filing data is available for this year.$4.33$0.02$4.31$2.32$1.93$0.39
2015Detailed filing. Detailed filing data is available for this year.$3.95$0.03$3.92$4.45$2.36$2.09
2014Summary only. Only limited summary data is available for this year.$1.84$0.01$1.83$2.28$2.47$0.19
2013Summary only. Only limited summary data is available for this year.$2.04$0.02$2.02$2.26$2.35$0.09
2012Summary only. Only limited summary data is available for this year.$2.12$0.01$2.11$2.24$2.08$0.16
2011Summary only. Only limited summary data is available for this year.$1.97$0.02$1.96$2.09$2.26$0.17