Davis Corner Rescue Squad Foundation FY2022 filing

Tax-deductible

Virginia Bch, VA501(c)(3)Public Safety & DisasterEIN 54-2054848Revenue $7K in FY2022

On file with the IRSPo Box 68086, 23471-8086 · Virginia Bch, VATax-exempt since Jul 2002Publicly supported charity — 170(b)(1)(A)(vi)

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The Corporation is organized to receive, maintain, and administer assets and contributions exclusively for charitable, educational and scientific purposes, as set forth in Section 501(c)(3) of the Internal Revenue Code of 1986, as may be amended and to use and apply income and principal therefrom for broad charitable purposes either directly or by contributions to other organizations, with the primary use and application to be to raise money to support the Davis Corner Rescue Squad in Virginia Beach, Virginia, to hold assets for the use of the Davis Corner Rescue Squad, and the making of distributions to organizations that qualify as exempt organizations under 501(c)(3) of the Internal Revenue Code, or the corresponding section of any future federal tax code.

501(c)(3) charity; gifts are tax-deductible.
98¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average deficit $4K a year · 22% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.7 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $34
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 9 voting members
Concern: none of 9 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$7K
-84% vs prior year
Spent
$90K
To programs
98%
Net assets
$295K
By yearFY2020–FY2024
Revenue
$7K
FY2022▼ -84%
Tap a bar for its year
Revenue by fiscal year
FY2020$12K
FY2021$41K
FY2022$7K
FY2023$8K
FY2024$18K
Expenses
$90K
FY2022▲ ×56
Tap a bar for its year
Expenses by fiscal year
FY2020$2K
FY2021$2K
FY2022$90K
FY2023$5K
FY2024$6K
Net assets
$295K
FY2022▼ -22%
Tap a bar for its year
Net assets by fiscal year
FY2020$338K
FY2021$378K
FY2022$295K
FY2023$297K
FY2024$309K

From the FY2022 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 2002.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $88K Management & general 2% · $1K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

9 people listed on the 990.

Part VII, Section A · reportable compensation
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
See Davis Corner Rescue Squad Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supports a rescue squad and other charities by managing donations and assets.

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Provided by the organization

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2 programs · $88K · in their own filed words · FY2022
01

Yearly Grant to Davis Corner VFD & Rescue Squad for Operating Costs

$88Kprogram expense
02

Recognition of Members of the Davis Corner VFD & Rescue Squad

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 1 funder$34
Grants paid · 1 grant · $88K · 2022–2022

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$7K
Ln 12
Investment incomeLn 3$7K
Gifts and grantsLn 1h$210
Money outPt IX
$90K
Ln 25
Programscol B$88K
Managementcol C$1K
Owns and owesPt X
$295K
net assets · Ln 32
Cash and savingsLn 1–2$5K
Total assetsLn 16$295K
LiabilitiesLn 26$0
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$210
Investment incomeLn 3$7K
Gains on assetsLn 7−$97
Total revenueLn 12$7K
Assets in detailPt X, end of year
CashLn 1$823
SavingsLn 2$4K
Cash and savings togetherLn 1–2$5K
InvestmentsLn 11–13$290K
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$295K
LiabilitiesLn 26$0
Net assetsLn 32$295K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$11K$5K
InvestmentsLn 11–13$367K$290K
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$378K$295K
LiabilitiesLn 26$0$0
Net assetsLn 32$378K$295K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$88K$88K
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$556$556
Accounting feesLn 11c$595$595
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$261$261
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$0
All other expensesLn 24e$0
Total functional expensesLn 25$90K$88K$1K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $18K$6K$12K$309K 990 PDF
FY2023 $8K$5K$2K$297K 990 PDF
FY2022 Viewing $7K$90K−$83K$295K 990 PDF
FY2021 $41K$2K$40K$378K 990 PDF
FY2020 $12K$2K$11K$338K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (6 parts)
Part I · Summary $6,809 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $346$210
I-9 Program service revenue$0
I-10 Investment incomePrior year $41,029$6,599
I-11 Other revenue$0
I-12 Total revenuePrior year $41,375$6,809
I-13 Grants and similar amounts paid$88,265
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,596$1,412
I-18 Total expensesPrior year $1,596$89,677
I-19 Revenue less expensesPrior year $39,779−$82,868
Part VI · Governance 0 of 9 board members independent, 4 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members0
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $6,809 across 8 lines filed
VIII-1f All other contributions, gifts and grants$210
VIII-1h Total contributions, gifts and grants$210
VIII-3 Investment incomeExcluded from tax $6,696$6,696
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assetsRelated to mission −$97−$97
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission −$97 · Excluded from tax $6,696$6,809
Part IX · Statement of functional expenses $89,677 across 30 lines filed
IX-1 Grants to domestic organizationsPrograms $88,265$88,265
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal feesManagement $556$556
IX-11c Accounting feesManagement $595$595
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotion$0
IX-13 Office expensesManagement $261$261
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$0
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $88,265 · Management $1,412 · Fundraising $0$89,677
Part X · Balance sheet $294,907 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $1,009$823
X-2 Savings and temporary cash investmentsStart of year $9,803$4,171
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securitiesStart of year $366,963$289,913
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $377,775$294,907
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $377,775$294,907
X-32 Total net assets or fund balancesStart of year $377,775$294,907
X-33 Total liabilities and net assetsStart of year $377,775$294,907
Part XI · Reconciliation of net assets $294,907 net assets at year end
XI-1 Total revenue$6,809
XI-2 Total expenses$89,677
XI-3 Revenue less expenses−$82,868
XI-4 Net assets at start of year$377,775
XI-10 Net assets at end of year$294,907

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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