Richfield Volunteer Fire Co Inc in Richfield, Wisconsin (WI)

Richfield Volunteer Fire Co Inc
Employer Identification Number (EIN)	391219597
Name of Organization	Richfield Volunteer Fire Co Inc
Address	Richfield, WI 53076
Tax Period	2007
Asset Amount	$3,105,062
Amount of Income	$813,284
Form 990 Revenue Amount	$813,284
National Taxonomy of Exempt Entities (NTEE)	Public Safety, Disaster Preparedness and Relief: Fire Prevention, Protection, Control

Non-representatives - add comments:

Amount of income in 2007: $813,284

Richfield Volunteer Fire Co Inc:	$813,284
Other organizations performing similar types of work:	$298,834

Assets in 2007: $3,105,062

Richfield Volunteer Fire Co Inc:	$3,105,062
Other organizations performing similar types of work:	$1,065,049

Expenses in 2007: $613,906

This organization:	$613,906
Other organizations performing similar types of work:	$202,218

Income to expenses ratio in 2007: 1.3

Richfield Volunteer Fire Co Inc:	1.3
Other organizations performing similar types of work:	1.3

Expenses allocated to program services in 2007: 94.3%

This organization:	94.3%
Other organizations performing similar types of work:	91.5%

Grants share in income in 2007: 1.3%

This organization:	1.3%
Other organizations performing similar types of work:	73.9%

Financial snapshot ($)

Revenue for 2007

Assets at end of 2007

Expenses for 2007

Functional Expenses for 2007 ($)

Income-Producing Activities for 2007

	2003	2004	2005	2006	2007
Revenue, Expenses, and Changes in Net Assets or Fund Balances
Total revenue	$549,280	$711,775	$598,633	$769,584	$813,284
Contributions, gifts, grants, and similar amounts received	$36,175	$153,068	$12,342	$6,217	$10,289
Contributions to donor advised funds				$0	$0
Direct public support	$25,029	$15,807	$12,342	$0	$0
Indirect public support	$0	$0	$0	$6,217	$10,289
Government contributions (grants)	$11,146	$137,261	$0	$0	$0
Program service revenue including government fees and contracts	$450,104	$477,846	$514,120	$584,235	$612,366
Membership dues and assessments	$0	$0	$0	$0	$0
Interest on savings and temporary cash investments	$4,858	$13,109	$17,964	$42,486	$93,363
Dividends and interest from securities	$0	$0	$0	$19,715	$41,000
Net rental income or (loss)	$38,153	$41,626	$55,574	$55,594	$77,203
Gross rents	$42,374	$44,672	$61,176	$62,192	$83,776
Less: rental expenses	$4,222	$3,046	$5,602	$6,598	$6,573
Other investment income	$0	$0	$0	$80,911	$-70,941
Gain or (loss) from sales of assets other than inventory	$0	$8,500	$-18,100	$-38,304	$15,582
Gross amount from sales of assets other than inventory	$0	$8,500	$12,500	$9,500	$70,000
Less: cost or other basis and sales expenses	$0	$0	$30,600	$47,804	$54,418
Net income or (loss) from special events and activities	$19,991	$17,626	$16,733	$18,730	$34,422
Gross revenue	$49,833	$48,090	$49,950	$49,638	$68,109
Less: direct expenses other than fundraising expenses	$29,842	$30,464	$33,217	$30,908	$33,687
Gross profit or (loss) from sales of inventory	$0	$0	$0	$0	$0
Gross sales of inventory, less returns and allowances	$0	$0	$0	$0	$0
Less: cost of goods sold	$0	$0	$0	$0	$0
Other revenue	$0	$0	$0	$0	$0
Total expenses	$442,602	$504,120	$562,591	$590,926	$613,906
Program services	$431,230	$486,605	$525,294	$568,818	$578,977
Management and general	$11,372	$17,515	$37,297	$22,108	$34,929
Fundraising	$0	$0	$0	$0	$0
Payments to affiliates	$0	$0	$0	$0	$0
Net assets or fund balances at end of year	$2,483,329	$2,690,984	$2,727,026	$2,905,684	$3,105,062
Excess or (deficit) for the year	$106,678	$207,655	$36,042	$178,658	$199,378
Net assets or fund balances at beginning of year	$2,376,651	$2,483,329	$2,690,984	$2,727,026	$2,905,684
Other changes in net assets or fund balances	$0	$0	$0	$0	$0

	Total	Program services	Management and general	Fundraising
Statement of Functional Expenses (for 2007)
Total functional expenses	$613,906	$578,977	$34,929	$0
Grants paid from donor advised funds		$0
Other grants and allocations		$677
Specific assistance to individuals		$0
Benefits paid to or for members		$0
Compensation of current officers, directors, key employees, etc.	$90,901	$85,607	$5,294	$0
Compensation of former officers, directors, key employees, etc.	$0	$0	$0	$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)	$0	$0	$0	$0
Salaries and wages of employees not included above	$94,346	$94,346	$0	$0
Pension plan contributions not included above	$0	$0	$0	$0
Employee benefits not included above	$13,816	$13,816	$0	$0
Payroll taxes	$13,942	$13,942	$0	$0
Professional fundraising fees	$0	$0	$0	$0
Accounting fees	$4,687	$0	$4,687	$0
Legal fees	$3,792	$0	$3,792	$0
Supplies	$24,936	$24,936	$0	$0
Telephone	$4,355	$2,911	$1,444	$0
Postage and shipping	$1,228	$0	$1,228	$0
Occupancy	$26,961	$26,961	$0	$0
Equipment rental and maintenance	$42,634	$42,634	$0	$0
Printing and publications	$1,059	$1,059	$0	$0
Travel	$0	$0	$0	$0
Conferences, conventions, and meetings	$18,844	$18,844	$0	$0
Interest	$0	$0	$0	$0
Depreciation, depletion, etc.	$193,367	$193,367	$0	$0
Other expenses not covered above	$78,361	$59,877	$18,484	$0

	2003	2004	2005	2006	2007
Balance Sheets
Total assets	$2,497,410	$2,708,362	$2,731,944	$2,921,896	$3,114,743
Cash - non-interest-bearing	$33,281	$30,552	$36,019	$28,991	$45,949
Savings and temporary cash investments	$229,305	$282,876	$180,313	$415,007	$431,233
Accounts receivable less allowance for doubtful accounts	$36,757	$55,683	$53,231	$60,582	$50,651
Pledges receivable less allowance for doubtful accounts	$0	$0	$0	$0	$0
Grants receivable	$0	$0	$0	$0	$0
Receivables from current and former officers, directors, trustees, and key employees	$0	$0	$0	$0	$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)				$0	$0
Other notes and loans receivable less allowance for doubtful accounts	$0	$0	$0	$0	$0
Inventories for sale or use	$0	$0	$0	$0	$0
Prepaid expenses and deferred charges	$0	$0	$0	$9,481	$9,481
Investments - publicly-traded securities				$0	$1,029,061
Investments - other securities	$627,751	$638,889	$725,306	$911,311	$0
Investments - land, buildings, and equipment less accumulated depreciation	$28,012	$26,776	$25,540	$24,304	$23,068
Investments - other	$0	$0	$0	$0	$0
Land, buildings, and equipment less accumulated depreciation	$1,542,233	$1,673,584	$1,711,535	$1,472,220	$1,525,299
Other assets, including program-related investments	$72	$2	$0	$0	$1
Total liabilities	$14,081	$17,378	$4,918	$16,212	$9,681
Accounts payable and accrued expenses	$14,082	$17,378	$4,918	$16,212	$2,911
Grants payable	$0	$0	$0	$0	$0
Deferred revenue	$0	$0	$0	$0	$0
Loans from officers, directors, trustees, and key employees	$0	$0	$0	$0	$0
Tax-exempt bond liabilities	$0	$0	$0	$0	$0
Mortgages and other notes payable	$0	$0	$0	$0	$0
Other liabilities	$0	$0	$0	$0	$6,770
Total liabilities and net assets/fund balances	$2,497,410	$2,708,362	$2,731,944	$2,921,896	$3,114,743
Total net assets or fund balances	$2,483,329	$2,690,984	$2,727,026	$2,905,684	$3,105,062

	2003	2004	2005	2006	2007
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
Total revenue	$0	$711,775	$598,633	$769,584	$813,284
Total revenue, gains, and other support per audited financial statements	$0	$711,775	$598,633	$769,584	$813,284
Other expenses	$0	$0	$0	$0	$0
Net unrealized gains on investments	$0	$0	$0	$0	$0
Donated services and use of facilities	$0	$0	$0	$0	$0
Recoveries of prior year grants	$0	$0	$0	$0	$0
Other	$0	$0	$0	$0	$0
Other revenue	$0	$0	$0	$0	$0
Investment expenses	$0	$0	$0	$0	$0
Other	$0	$0	$0	$0	$0

	2003	2004	2005	2006	2007
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
Total expenses	$0	$504,120	$562,591	$590,926	$613,906
Total expenses and losses per audited financial statements	$0	$504,120	$562,591	$590,926	$613,906
Other revenue	$0	$0	$0	$0	$0
Donated services and use of facilities	$0	$0	$0	$0	$0
Prior year adjustments	$0	$0	$0	$0	$0
Losses	$0	$0	$0	$0	$0
Other	$0	$0	$0	$0	$0
Other expenses	$0	$0	$0	$0	$0
Investment expenses	$0	$0	$0	$0	$0
Other	$0	$0	$0	$0	$0

Average hours per week devoted to position	Compensation	Contributions to employee benefit plans & deferred compensation plans	Expense account and other allowances
Current Officers, Directors, Trustees, and Key Employees
25	$829	$0	$0
20	$4,465	$0	$0
25	$1,125	$0	$0
50	$58,839	$4,400	$0
10	$2,189	$0	$0
10	$1,746	$0	$0
0	$1,747	$0	$0
10	$1,503	$0	$0
10	$1,828	$0	$0
10	$1,166	$0	$0
10	$2,897	$0	$0
10	$3,963	$0	$0
0	$2,323	$0	$0
15	$3,180	$0	$0
10	$155	$0	$0
10	$935	$0	$0
10	$2,011	$0	$0

Total number of officers, directors, and trustees permitted to vote on organization business at board meetings	17
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?	No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?	No
Does the organization have a written conflict of interest policy?	Yes

Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?	No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?	No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?	No
Direct and indirect political expenditures	$0
Did the organization file Form 1120-POL for this year?	No
Were substantially all dues nondeductible by members?	No
Did the organization make only in-house lobbying expenditures of $2,000 or less?	No
Dues, assessments, and similar amounts from members	$0
Section 162(e) lobbying and political expenditures	$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices	$0
Taxable amount of lobbying and political expenditures	$0
Does the organization elect to pay the section 6033(e) tax on the amount above?	No
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?	No
Initiation fees and capital contributions	$0
Gross receipts for public use of club facilities	$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?	No
Amount of tax imposed on the organization during the year under: section 4911	$0
Amount of tax imposed on the organization during the year under: section 4912	$0
Amount of tax imposed on the organization during the year under: section 4955	$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?	No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958	$0
Amount of tax above, reimbursed by the organization	$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?	No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?	No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?	No
Number of employees employed in the pay period that includes March 12, 2006	0

	Unrelated business income		Excluded by section 512, 513, or 514		Related or exempt function income
Analysis of Income-Producing Activities (for 2007)
	Business code	Amount	Exclusion code	Amount	Related or exempt function income
Total		$134,363		$50,004	$618,628
Program service revenue
Program service revenue 1	000000	$0	00	$0	$111,707
Program service revenue 2	000000	$0	00	$0	$46,443
Program service revenue 3	000000	$0	00	$0	$5,367
Program service revenue 4	000000	$0	00	$0	$0
Program service revenue 5	000000	$0	00	$0	$0
Medicare/Medicaid payments	000000	$0	00	$0	$0
Fees and contracts from government agencies	000000	$0	00	$0	$448,849
Membership dues and assessments	000000	$0	00	$0	$0
Interest on savings and temporary cash investments	999999	$93,363	00	$0	$0
Dividends and interest from securities	999999	$41,000	00	$0	$0
Net rental income or (loss) from real estate
debt-financed property	000000	$0	00	$0	$0
not debt-financed property	000000	$0	00	$0	$77,203
Net rental income or (loss) from personal property	000000	$0	00	$0	$0
Other investment income	000000	$0	00	$0	$-70,941
Gain or (loss) from sales of assets other than inventory	000000	$0	Income from an activity that is not regularly carried on (section 512(a)(1))	$15,582	$0
Net income or (loss) from special events	000000	$0	Income from an activity that is not regularly carried on (section 512(a)(1))	$34,422	$0
Gross profit or (loss) from sales of inventory	000000	$0	00	$0	$0
Other revenue	000000	$0	00	$0	$0

EIN of corporation, partnership, or disregarded entity	Percentage of ownership interest	Total income	End-of-year assets
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
	0%	$0	$0
	0%	$0	$0
	0%	$0	$0
	0%	$0	$0

Compensation	Contributions to employee benefit plans & deferred compensation	Expense account and other allowances
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
$0	$0	$0
$0	$0	$0
$0	$0	$0
$0	$0	$0
$0	$0	$0

Total number of other employees paid over $50,000	0

Total number of other employees paid over $50,000

Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities	$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?
Did the organization maintain any donor advised funds?
Did the organization make any taxable distributions under section 4966?
Did the organization make a distribution to a donor, donor advisor, or related person?
The total number of donor advised funds owned at the end of the tax year	$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year	$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts	$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year	$0

Reason for Non-Private Foundation Status
The organization is not a private foundation because it is

	2002	2003	2004	2005	2006
Support Schedule
Total	$0	$0	$0	$0	$0
Gifts, grants, and contributions received	$0	$0	$0	$0	$0
Membership fees received	$0	$0	$0	$0	$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose	$0	$0	$0	$0	$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975	$0	$0	$0	$0	$0
Net income from unrelated business activities not included above	$0	$0	$0	$0	$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf	$0	$0	$0	$0	$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge	$0	$0	$0	$0	$0
Other income	$0	$0	$0	$0	$0

Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures	$0
Total lobbying expenditures	$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)	$0
Total lobbying expenditures to influence a legislative body (direct lobbying)	$0
Other exempt purpose expenditures	$0
Lobbying nontaxable amount	$0
Grassroots nontaxable amount	$0

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Id	Name	Address	State	Established	Total Income
Organizations performing similar types of work
1	Chippewa Fire Protection District Inc	Chippewa Falls, WI 54729	WI		$1,177,372
2	Richfield Volunteer Fire Co Inc	Richfield, WI 53076	WI		$813,284
3	Trinity Volunteer Fire Department	2997 Wilkesboro Hwy, Statesville, NC 28625-8184	NC	1985-09	$444,114
4	Volunteer And Exempt Firemens Benevolent Association Of Purchase	123 Main St Fl 14, White Plains, NY 10601-3114	NY	2007-08	$359,162
5	Rochester Volunteer Fire Company	Rochester, WI 53167	WI		$308,095
6	Bradford Twp Volunteer Fire Dept	Bradford, PA 16701	PA		$142,865
7	Silver Creek Fire Department Inc	PO BOX 1613, Manitowoc, WI 54221-1613	WI	1997-03	$123,600
8	Jamestown Volunteer Firemens Relief Association	208 Depot Street, Jamestown, PA 16134	PA		$28,533
9	Terrytown-Fifth District Volunteer Fire Dept Inc	PO BOX 1231, Gretna, LA 70054-1231	LA	1997-10	$2,714,179
10	Troutman Fire Department Inc	PO BOX 22, Troutman, NC 28166-0022	NC	1977-01	$1,440,771
11	Union Center Theo Volunteer Fire Department	PO BOX 2411, Corinth, MS 38835-2411	MS	2006-12	$186,340
12	R W & B T Volunteer Fire Company	PO BOX 8, Robertsdale, PA 16674-0008	PA	2008-08	$171,803
13	Troutville Volunteer Fire Department Of Botetourt County	PO BOX 609, Troutville, VA 24175-0609	VA	1997-07	$158,577
14	Great Lakes Forest Fire Compact	PO BOX 7921, Madison, WI 53707-7921	WI	1996-08	$145,226
15	Venus Volunteer Fire Department Inc	PO BOX 183, Venus, TX 76084-0183	TX	2008-08	$144,326
16	Branch Volunteer Fire And Rescue Inc	PO BOX 268, Whitelaw, WI 54247-0268	WI	1999-11	$140,187
17	South Byron Volunteer Fire Company Inc	PO BOX 30, South Byron, NY 14557-0030	NY	1998-08	$113,316
18	Triangle Volunteer Fire Department	1051 Mortons Ferry Rd, Nathalie, VA 24577-4003	VA	2000-05	$101,999
19	Rugby Volunteer Rescue Squad And Fire Department Inc	53 Rugby Rd, Mouth Wilson, VA 24363-3645	VA	1994-01	$91,890
20	Cutler Volunteer Fire Co Inc	N10846 2nd Ave, Camp Douglas, WI 54618-9757	WI	1999-02	$52,724

Number of organizations performing similar types of work

Alabama	8
Arkansas	2
California	4
Colorado	1
Connecticut	3
Delaware	8
Florida	4
Georgia	2
Iowa	1
Idaho	1
Illinois	3
Indiana	15
Kentucky	6
Louisiana	7
Maryland	31
Minnesota	3
Missouri	5
Mississippi	1

Montana	1
North Carolina	43
Nebraska	1
New Hampshire	2
New Jersey	18
New York	36
Ohio	8
Oklahoma	2
Oregon	2
Pennsylvania	92
South Carolina	3
Tennessee	2
Texas	16
Virginia	25
Vermont	1
Washington	1
Wisconsin	7
West Virginia	6

Total

371

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