Oceanview Volunteer Fire Co Inc
Oceanview Volunteer Fire Co Inc: Strong Assets, High Fundraising Costs
EIN: 222560707 · Ocean View, NJ · NTEE: N20 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $545K |
| Total Expenses | $80K |
| Program Spending | 69% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $836K |
| Transparency Score | 85/100 |
Is Oceanview Volunteer Fire Co Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Oceanview Volunteer Fire Co Inc directs 69% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Oceanview Volunteer Fire Co Inc
Oceanview Volunteer Fire Co Inc (EIN: 222560707) is a nonprofit organization based in Ocean View, NJ, classified under NTEE code N20. The organization reported total revenue of $545K and total assets of $2.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Oceanview Volunteer Fire Co Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Oceanview Volunteer Fire Co Inc is a small nonprofit that has been operating for 24 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $247K |
| Total Expenses | $80K |
| Surplus / Deficit | +$167K |
| Total Assets | $2.1M |
| Total Liabilities | $1.3M |
| Net Assets | $836K |
| Operating Margin | 67.7% |
| Debt-to-Asset Ratio | 60.0% |
| Months of Reserves | 313.8 months |
Financial Health Grade: A
In 2023, Oceanview Volunteer Fire Co Inc reported a surplus of $167K with revenue exceeding expenses, holds 313.8 months of operating reserves (strong position), has a debt-to-asset ratio of 60.0% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Oceanview Volunteer Fire Co Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -14.5% | -57.4% | +104.6% |
| 2022 | +29.9% | +9.1% | +72.8% |
| 2021 | +12.0% | +9.6% | +8.9% |
| 2020 | +2.8% | -7.2% | +9.0% |
| 2019 | +7.9% | -44.2% | +5.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2002 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Oceanview Volunteer Fire Co Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 69%
- fundraising: 21%
According to IRS 990 filings, Oceanview Volunteer Fire Co Inc allocates its expenses as follows: admin: 10%, programs: 69%, fundraising: 21%. Approximately 69% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $167K, with revenue exceeding expenses.
- Debt-to-asset ratio: 60.0%.
Executive Compensation Analysis
The organization consistently reports $0 in compensation for officers, directors, trustees, and key employees across all available filings, which is unusual for an organization of its size and could indicate services are entirely volunteer-based or compensation is reported differently.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Oceanview Volunteer Fire Co Inc's IRS 990 filings:
- Fundraising expenses in 2023 were $79,804, representing a significant portion of total expenses ($79,804 / $246,861 = 32.3% of revenue, or 79804 / (79804+167057) = 32.3% of total expenses).
- The consistent reporting of $0 for executive compensation across all years is a red flag that requires deeper scrutiny.
- The organization's liabilities increased significantly from $351,196 in 2022 to $1,251,196 in 2023, a nearly 256% increase.
Strengths
The following positive indicators were identified for Oceanview Volunteer Fire Co Inc:
- The organization maintains substantial assets, growing from $497,421 in 2019 to $2,149,652 in 2023, indicating strong financial health.
- Revenue has shown a positive trend, with 2023 revenue at $246,861, up from $193,167 in 2019.
- The organization has a long history of operation, with filings dating back to 2016, suggesting stability and community presence.
Frequently Asked Questions about Oceanview Volunteer Fire Co Inc
Is Oceanview Volunteer Fire Co Inc a legitimate charity?
Oceanview Volunteer Fire Co Inc (EIN: 222560707) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $545K. 3 red flags identified. 3 strengths noted. Financial health grade: A.
How does Oceanview Volunteer Fire Co Inc spend its money?
Oceanview Volunteer Fire Co Inc directs 69% of its spending to programs and services. Fundraising costs 21%. This meets the 65% industry benchmark.
Are donations to Oceanview Volunteer Fire Co Inc tax-deductible?
Oceanview Volunteer Fire Co Inc is registered as a tax-exempt nonprofit (EIN: 222560707). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Oceanview Volunteer Fire Co Inc CEO make?
Oceanview Volunteer Fire Co Inc's highest-compensated officer earns $0 annually. The organization reported $545K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Oceanview Volunteer Fire Co Inc's spending goes to programs?
Oceanview Volunteer Fire Co Inc directs 69% to programs, 21% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Oceanview Volunteer Fire Co Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Oceanview Volunteer Fire Co Inc is above average for NTEE category N20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Oceanview Volunteer Fire Co Inc located?
Oceanview Volunteer Fire Co Inc is headquartered in Ocean View, New Jersey and files with the IRS under EIN 222560707. It is classified under NTEE code N20.
How many years of IRS 990 filings does Oceanview Volunteer Fire Co Inc have?
Oceanview Volunteer Fire Co Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $545K in total revenue.
What does Oceanview Volunteer Fire Co Inc do?
Oceanview Volunteer Fire Co Inc is a nonprofit organization in the Recreation & Sports sector, located in Ocean View, New Jersey. It is classified under NTEE code N20.
How much revenue does Oceanview Volunteer Fire Co Inc have?
Oceanview Volunteer Fire Co Inc reported total revenue of $545,334. Based on 13 IRS 990 filings on record.
What are Oceanview Volunteer Fire Co Inc's total assets?
Oceanview Volunteer Fire Co Inc holds total assets of $2,149,652 as reported in IRS 990 filings.
Where is Oceanview Volunteer Fire Co Inc located?
Oceanview Volunteer Fire Co Inc is based in Ocean View, New Jersey.
What is Oceanview Volunteer Fire Co Inc's EIN?
Oceanview Volunteer Fire Co Inc's Employer Identification Number (EIN) is 222560707. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Oceanview Volunteer Fire Co Inc?
Oceanview Volunteer Fire Co Inc is classified under NTEE code N20 (Recreation & Sports).
Is Oceanview Volunteer Fire Co Inc a registered 501(c)(3)?
Yes, Oceanview Volunteer Fire Co Inc is recognized as a tax-exempt organization by the IRS. EIN: 222560707.
Does Oceanview Volunteer Fire Co Inc file IRS Form 990?
Yes, Oceanview Volunteer Fire Co Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Oceanview Volunteer Fire Co Inc's revenue in 2023?
In the 202312 filing period, Oceanview Volunteer Fire Co Inc reported total revenue of $246,861, total expenses of $79,804, and net assets of $2,087,005.
Is Oceanview Volunteer Fire Co Inc's revenue growing or declining?
Oceanview Volunteer Fire Co Inc's revenue is declining. Revenue went from $288,778 (202212) to $246,861 (202312), a -14.5% change. Based on 13 filings on record.
What is Oceanview Volunteer Fire Co Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Oceanview Volunteer Fire Co Inc covers tax period 202312. It shows revenue of $246,861, expenses of $79,804, total assets of $2,087,005, and liabilities of $1,251,196.
How much does Oceanview Volunteer Fire Co Inc spend on programs vs administration?
Based on IRS 990 analysis, Oceanview Volunteer Fire Co Inc allocates approximately 69% of expenses to program services, 10% to administrative costs, and 21% to fundraising. Program spending is moderate relative to overhead.
Is Oceanview Volunteer Fire Co Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Oceanview Volunteer Fire Co Inc appears trustworthy. Mission Score: 85/100 (Excellent). 3 red flags identified. 3 strengths noted.
What are the red flags for Oceanview Volunteer Fire Co Inc?
The following concerns were identified: Fundraising expenses in 2023 were $79,804, representing a significant portion of total expenses ($79,804 / $246,861 = 32.3% of revenue, or 79804 / (79804+167057) = 32.3% of total expenses).. The consistent reporting of $0 for executive compensation across all years is a red flag that requires deeper scrutiny.. The organization's liabilities increased significantly from $351,196 in 2022 to $1,251,196 in 2023, a nearly 256% increase.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Oceanview Volunteer Fire Co Inc's strengths?
Positive indicators for Oceanview Volunteer Fire Co Inc include: The organization maintains substantial assets, growing from $497,421 in 2019 to $2,149,652 in 2023, indicating strong financial health.. Revenue has shown a positive trend, with 2023 revenue at $246,861, up from $193,167 in 2019.. The organization has a long history of operation, with filings dating back to 2016, suggesting stability and community presence.. These findings are derived from AI analysis of the organization's financial filings.
How does Oceanview Volunteer Fire Co Inc compensate executives?
The organization consistently reports $0 in compensation for officers, directors, trustees, and key employees across all available filings, which is unusual for an organization of its size and could indicate services are entirely volunteer-based or compensation is reported differently. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent reporting of $0 for executive compensation, how does the organization ensure leadership and operational continuity, and are there any indirect benefits or non-cash compensations provided to key personnel?
The 990-EZ forms do not provide details on how leadership is compensated or sustained if all key personnel are truly unpaid. This could imply a fully volunteer-run model or that compensation is structured in a way not captured in the standard compensation lines of the 990-EZ, such as through related organizations or non-cash benefits.
What specific factors contributed to the substantial increase in liabilities from $351,196 in 2022 to $1,251,196 in 2023, and what is the nature of these new liabilities?
The 990-EZ forms do not break down the nature of liabilities. A nearly $900,000 increase in liabilities in a single year suggests a significant event, such as a major capital expenditure (e.g., new equipment, facility expansion) financed through debt, which would need to be confirmed through more detailed financial statements.
Filing History
IRS 990 filing history for Oceanview Volunteer Fire Co Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Oceanview Volunteer Fire Co Inc's revenue has grown by 35.1%, moving from $183K to $247K. Total assets increased by 446.3% over the same period, from $382K to $2.1M. Total functional expenses fell by 50.7%, from $162K to $80K. In its most recent filing year (2023), Oceanview Volunteer Fire Co Inc reported a surplus of $167K, with revenue exceeding expenses. The organization holds $1.3M in liabilities against $2.1M in assets (debt-to-asset ratio: 60.0%), resulting in net assets of $836K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $247K | $80K | $2.1M | $1.3M | — | — |
| 2022 | $289K | $187K | $1.0M | $351K | — | — |
| 2021 | $222K | $172K | $590K | $0 | — | View 990 |
| 2020 | $199K | $156K | $542K | $3K | — | — |
| 2019 | $193K | $169K | $497K | $0 | — | View 990 |
| 2018 | $179K | $302K | $473K | $0 | — | View 990 |
| 2017 | $245K | $147K | $598K | $3K | — | View 990 |
| 2016 | $159K | $141K | $500K | $3K | — | View 990 |
| 2015 | $171K | $115K | $468K | $2K | — | View 990 |
| 2014 | $175K | $119K | $480K | $16K | — | View 990 |
| 2013 | $175K | $138K | $409K | $1K | — | View 990 |
| 2012 | $179K | $177K | $407K | $37K | — | View 990 |
| 2011 | $183K | $162K | $382K | $54K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $247K, expenses of $80K, and assets of $2.1M (revenue -14.5% year-over-year).
- 2022: Revenue of $289K, expenses of $187K, and assets of $1.0M (revenue +29.9% year-over-year).
- 2021: Revenue of $222K, expenses of $172K, and assets of $590K (revenue +12.0% year-over-year).
- 2020: Revenue of $199K, expenses of $156K, and assets of $542K (revenue +2.8% year-over-year).
- 2019: Revenue of $193K, expenses of $169K, and assets of $497K (revenue +7.9% year-over-year).
- 2018: Revenue of $179K, expenses of $302K, and assets of $473K (revenue -26.8% year-over-year).
- 2017: Revenue of $245K, expenses of $147K, and assets of $598K (revenue +53.8% year-over-year).
- 2016: Revenue of $159K, expenses of $141K, and assets of $500K (revenue -7.1% year-over-year).
- 2015: Revenue of $171K, expenses of $115K, and assets of $468K (revenue -2.3% year-over-year).
- 2014: Revenue of $175K, expenses of $119K, and assets of $480K (revenue +0.2% year-over-year).
- 2013: Revenue of $175K, expenses of $138K, and assets of $409K (revenue -2.1% year-over-year).
- 2012: Revenue of $179K, expenses of $177K, and assets of $407K (revenue -2.2% year-over-year).
- 2011: Revenue of $183K, expenses of $162K, and assets of $382K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Oceanview Volunteer Fire Co Inc:
Data Sources and Methodology
This transparency report for Oceanview Volunteer Fire Co Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.