New Hope Eagle Fire Co EIN 23-2041349 Form 990 (PDF) Claim this org

New Hope Eagle Fire Co FY2022 filing

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New Hope Eagle Fire Co is a disaster relief nonprofit based in New Hope, PA. For fiscal year 2022 it reported $856K in revenue, $784K in expenses, and $3.8M in net assets.Pt I

Type
Public charity (501(c)(3)) · Public Safety & Disaster
Location
New Hope, PA
Filings
5 on file (2020–2022)
Revenue
$856KFY2022
Expenses
$784K
Net assets
$3.8M
People
10
Filings
5
Updates
0
More identity details & actions ⌄
EIN  23-2041349 Public charity (501(c)(3)) New Hope, PA
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
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Size
$1–10M
What they do
a disaster relief nonprofit
Leadership
James Finn · President
Money in and out
$856K revenue, $784K expenses
Bottom line
83% program efficiency
Where the money goes · FY2022
Total revenue
$856K
Pt VIII · Ln 12
Total expenses
$784K
Pt IX · Ln 25
Net assets
$3.8M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $72K
Where spending went · Part IX cols B–D
Program services $1.04 Management & general $0.11 Fundraising $0.10
Program efficiency
83%
of spending reaches programs
Operating runway
9.3mo
months of highly liquid reserves at operating expense rate
Surplus margin
+8%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$856K
FY2022▼ -3%
Expenses
$784K
FY2022▲ +1%
Total assets
$4.7M
FY2022▲ +19%
Total liabilities
$912K
FY2022▲ +315%
Total revenue
$856K
Pt VIII · Ln 12
Total expenses
$784K
Pt IX · Ln 25
Net assets
$3.8M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$72K
Total assetsPt X · Ln 16$4.7M
Program-expense ratioPt IX · col B104%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CNew Hope Eagle Fire Co
EINHdr · item D23-2041349
Principal addressHdr · item CNew Hope, PA
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MPA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFPublic Safety & Disaster (M24)
Ruling yearIRS BMFJun 2008

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Financial Se
$0Pt VII · Sec A
Recording Se
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Financial Se
$0Pt VII · Sec A
Recording Se
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

2 program services account for $1.5M of program spending, described in the organization's own filed words · FY2022.
01

New hope eagle fire company is a volunteer fire co which provides fire protection to the greater new hope and solebury areas servicing approximately 12,000 residents

$817Kprogram expense
02

New hope eagle fire company is a volunteer fire co which provides fire protection to the greater new hope and solebury areas servicing approximately 12,000 residents

$649Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$500K · 58%
Other revenue$353K · 41%
Contributions & grants58%$500K
Other revenue41%$353K
Investment income$4K
— government grantsLn 1e$314K
Total revenueLn 12$856K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.04 Management & general $0.11 Fundraising $0.10
Program services104%$817K
Management & general11%$86K
Fundraising10%$75K
Total functional expensesLn 25$784K

Balance Sheet

Part X · end of year
CashLn 1$607K
Total assetsLn 16$4.7M
Total liabilitiesLn 26$912K
Total net assetsLn 32$3.8M
Months of cash on handcomputed9.3

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $607K · Operating expenses/yr $784K
9.3 months
Where the money goes
Program services
Program services $649K · Total expenses $784K
83%
Management & General
Management & general $86K · Total expenses $784K
11%
Fundraising
Fundraising $49K · Total expenses $784K
6%
Cost to raise $1
Fundraising expense (3-yr avg) $32K · Solicited contributions (3-yr avg) $151K
$0.22 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $500K · Total revenue $856K
58%
Government reliance
Government grants $314K · Total revenue $856K
37%
Earned-income share
Program service revenue $0 · Total revenue $856K
0%
Investment reliance
Investment income $4K · Total revenue $856K
+0.4%
Program self-sufficiency
Program service revenue $0 · Total expenses $784K
0%
Growth & trend
Revenue growth (YoY)
This year $856K · Prior year $886K
-3%
Net-asset trend (YoY)
End of year $3.8M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $856K · Expenses $784K
+8%
Liabilities-to-Assets
Total liabilities — · Total assets $4.7M
Net-asset ratio
Net assets $3.8M · Total assets $4.7M
81%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $4.7M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual James Finn · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $784K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $140K · Total expenses $784K
18%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 104%
Overhead ratio 11%
Fundraising cost ratio 15%
Revenue growth -3%
Legal fee ratio 0.7%
Accounting fee ratio 0.8%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 6 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$1.6M revenue · ⤓ 990 PDF
FY2023$1.0M revenue · ⤓ 990 PDF
FY2022$856K revenue · viewing · ⤓ 990 PDF
FY2021$886K revenue · ⤓ 990 PDF
FY2020$653K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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