South Old Bridge Volunteer Fire Company Incorporated
South Old Bridge Volunteer Fire Company: Consistent Revenue, Strong Asset Growth
EIN: 222342423 · South River, NJ · NTEE: M24Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $399K |
| Total Expenses | $197K |
| Program Spending | 70% |
| CEO/Top Officer Pay | $100,000 |
| Net Assets | $3.7M |
| Transparency Score | 85/100 |
Is South Old Bridge Volunteer Fire Company Incorporated Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
South Old Bridge Volunteer Fire Company Incorporated directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About South Old Bridge Volunteer Fire Company Incorporated
South Old Bridge Volunteer Fire Company Incorporated (EIN: 222342423) is a nonprofit organization based in South River, NJ, classified under NTEE code M24Z. The organization reported total revenue of $399K and total assets of $3.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of South Old Bridge Volunteer Fire Company Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
South Old Bridge Volunteer Fire Company Incorporated is a small nonprofit that has been operating for 45 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $316K |
| Total Expenses | $197K |
| Surplus / Deficit | +$119K |
| Total Assets | $3.7M |
| Net Assets | $3.7M |
| Operating Margin | 37.6% |
| Months of Reserves | 223.1 months |
Financial Health Grade: A
In 2023, South Old Bridge Volunteer Fire Company Incorporated reported a surplus of $119K with revenue exceeding expenses, holds 223.1 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), South Old Bridge Volunteer Fire Company Incorporated's revenue has grown at a compound annual growth rate (CAGR) of 0.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -3.5% | -8.0% | +3.3% |
| 2022 | +34.7% | +24.0% | +2.8% |
| 2021 | -20.9% | -12.7% | +2.1% |
| 2020 | -0.4% | -15.7% | +3.3% |
| 2019 | -2.7% | -18.1% | +1.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1981 |
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 South Old Bridge Volunteer Fire Company Incorporated 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: 15%
- programs: 70%
- fundraising: 15%
According to IRS 990 filings, South Old Bridge Volunteer Fire Company Incorporated allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% 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 $119K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is not reported in the provided data, indicating that no officers, directors, trustees, or key employees received more than $100,000 in reportable compensation from the organization or related organizations.
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 South Old Bridge Volunteer Fire Company Incorporated's IRS 990 filings:
- Lack of detailed program descriptions or impact metrics beyond basic financial data.
- No readily available public website or detailed annual report to showcase activities and community engagement.
Strengths
The following positive indicators were identified for South Old Bridge Volunteer Fire Company Incorporated:
- Consistent revenue generation over the past several years, averaging around $300,000 annually.
- Significant and steady growth in total assets, from $3,146,695 in 2016 to $3,767,971 in 2023.
- Low administrative and fundraising costs, suggesting efficient use of funds.
- Zero reported liabilities and zero reported compensation, indicating strong financial health and volunteer-driven operations.
Frequently Asked Questions about South Old Bridge Volunteer Fire Company Incorporated
Is South Old Bridge Volunteer Fire Company Incorporated a legitimate charity?
South Old Bridge Volunteer Fire Company Incorporated (EIN: 222342423) 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: $399K. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does South Old Bridge Volunteer Fire Company Incorporated spend its money?
South Old Bridge Volunteer Fire Company Incorporated directs 70% of its spending to programs and services. Fundraising costs 15%. This meets the 65% industry benchmark.
Are donations to South Old Bridge Volunteer Fire Company Incorporated tax-deductible?
South Old Bridge Volunteer Fire Company Incorporated is registered as a tax-exempt nonprofit (EIN: 222342423). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the South Old Bridge Volunteer Fire Company Incorporated CEO make?
South Old Bridge Volunteer Fire Company Incorporated's highest-compensated officer earns $100,000 annually. The organization reported $399K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of South Old Bridge Volunteer Fire Company Incorporated's spending goes to programs?
South Old Bridge Volunteer Fire Company Incorporated directs 70% to programs, 15% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does South Old Bridge Volunteer Fire Company Incorporated compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), South Old Bridge Volunteer Fire Company Incorporated is above average for NTEE category M24Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is South Old Bridge Volunteer Fire Company Incorporated located?
South Old Bridge Volunteer Fire Company Incorporated is headquartered in South River, New Jersey and files with the IRS under EIN 222342423. It is classified under NTEE code M24Z.
How many years of IRS 990 filings does South Old Bridge Volunteer Fire Company Incorporated have?
South Old Bridge Volunteer Fire Company Incorporated 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 $399K in total revenue.
What does South Old Bridge Volunteer Fire Company Incorporated do?
South Old Bridge Volunteer Fire Company Incorporated is a nonprofit organization in the Public Safety & Disaster Preparedness sector, located in South River, New Jersey. It is classified under NTEE code M24Z.
How much revenue does South Old Bridge Volunteer Fire Company Incorporated have?
South Old Bridge Volunteer Fire Company Incorporated reported total revenue of $399,410. Based on 13 IRS 990 filings on record.
What are South Old Bridge Volunteer Fire Company Incorporated's total assets?
South Old Bridge Volunteer Fire Company Incorporated holds total assets of $3,767,971 as reported in IRS 990 filings.
Where is South Old Bridge Volunteer Fire Company Incorporated located?
South Old Bridge Volunteer Fire Company Incorporated is based in South River, New Jersey.
What is South Old Bridge Volunteer Fire Company Incorporated's EIN?
South Old Bridge Volunteer Fire Company Incorporated's Employer Identification Number (EIN) is 222342423. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is South Old Bridge Volunteer Fire Company Incorporated?
South Old Bridge Volunteer Fire Company Incorporated is classified under NTEE code M24Z (Public Safety & Disaster Preparedness).
Is South Old Bridge Volunteer Fire Company Incorporated a registered 501(c)(3)?
Yes, South Old Bridge Volunteer Fire Company Incorporated is recognized as a tax-exempt organization by the IRS. EIN: 222342423.
Does South Old Bridge Volunteer Fire Company Incorporated file IRS Form 990?
Yes, South Old Bridge Volunteer Fire Company Incorporated has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was South Old Bridge Volunteer Fire Company Incorporated's revenue in 2023?
In the 202312 filing period, South Old Bridge Volunteer Fire Company Incorporated reported total revenue of $316,030, total expenses of $197,356, and net assets of $3,669,347.
Is South Old Bridge Volunteer Fire Company Incorporated's revenue growing or declining?
South Old Bridge Volunteer Fire Company Incorporated's revenue is relatively stable. Revenue went from $327,545 (202212) to $316,030 (202312), a -3.5% change. Based on 13 filings on record.
What is South Old Bridge Volunteer Fire Company Incorporated's most recent 990 filing?
The most recent IRS Form 990 filing for South Old Bridge Volunteer Fire Company Incorporated covers tax period 202312. It shows revenue of $316,030, expenses of $197,356, total assets of $3,669,347, and liabilities of N/A.
How much does South Old Bridge Volunteer Fire Company Incorporated spend on programs vs administration?
Based on IRS 990 analysis, South Old Bridge Volunteer Fire Company Incorporated allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is South Old Bridge Volunteer Fire Company Incorporated a trustworthy charity?
Based on AI analysis of IRS 990 data, South Old Bridge Volunteer Fire Company Incorporated appears trustworthy. Mission Score: 85/100 (Excellent). 2 red flags identified. 4 strengths noted.
What are the red flags for South Old Bridge Volunteer Fire Company Incorporated?
The following concerns were identified: Lack of detailed program descriptions or impact metrics beyond basic financial data.. No readily available public website or detailed annual report to showcase activities and community engagement.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are South Old Bridge Volunteer Fire Company Incorporated's strengths?
Positive indicators for South Old Bridge Volunteer Fire Company Incorporated include: Consistent revenue generation over the past several years, averaging around $300,000 annually.. Significant and steady growth in total assets, from $3,146,695 in 2016 to $3,767,971 in 2023.. Low administrative and fundraising costs, suggesting efficient use of funds.. Zero reported liabilities and zero reported compensation, indicating strong financial health and volunteer-driven operations.. These findings are derived from AI analysis of the organization's financial filings.
How does South Old Bridge Volunteer Fire Company Incorporated compensate executives?
Executive compensation is not reported in the provided data, indicating that no officers, directors, trustees, or key employees received more than $100,000 in reportable compensation from the organization or related organizations. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is South Old Bridge Volunteer Fire Company Incorporated?
• Financial statements are publicly available through IRS Form 990 filings. • No specific transparency report or annual impact report is readily available on a dedicated website. • The organization's primary focus appears to be local fire protection services. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
How does the organization manage to maintain zero reported liabilities and zero compensation for key personnel, and what implications does this have for its long-term sustainability and operational capacity?
The consistent reporting of zero liabilities and zero compensation suggests a highly volunteer-driven model with strong financial management, potentially relying on community support and grants for operational expenses. While this indicates excellent financial health, it also implies a reliance on unpaid labor, which could pose challenges for scalability or attracting specialized skills if future needs change.
Given the substantial growth in assets from $3,146,695 in 2016 to $3,767,971 in 2023, what is the primary nature of these assets, and how are they being utilized to further the organization's mission?
Without specific asset breakdown, it's likely these assets primarily consist of fire apparatus, equipment, and potentially real estate (fire station). Their utilization directly supports the mission of providing fire protection services to the community, ensuring the organization has the necessary infrastructure and tools to operate effectively.
Filing History
IRS 990 filing history for South Old Bridge Volunteer Fire Company Incorporated showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), South Old Bridge Volunteer Fire Company Incorporated's revenue has grown by 4.4%, moving from $303K to $316K. Total assets increased by 26.7% over the same period, from $2.9M to $3.7M. Total functional expenses fell by 18.2%, from $241K to $197K. In its most recent filing year (2023), South Old Bridge Volunteer Fire Company Incorporated reported a surplus of $119K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $316K | $197K | $3.7M | $0 | — | — |
| 2022 | $328K | $215K | $3.6M | $0 | — | View 990 |
| 2021 | $243K | $173K | $3.5M | $0 | — | View 990 |
| 2020 | $308K | $198K | $3.4M | $0 | — | — |
| 2019 | $309K | $235K | $3.3M | $0 | — | View 990 |
| 2018 | $317K | $287K | $3.2M | $0 | — | View 990 |
| 2017 | $307K | $242K | $3.2M | $0 | — | View 990 |
| 2016 | $304K | $242K | $3.1M | $0 | — | View 990 |
| 2015 | $298K | $251K | $3.1M | $0 | — | View 990 |
| 2014 | $313K | $239K | $3.0M | $9K | — | View 990 |
| 2013 | $291K | $217K | $3.0M | $37K | — | View 990 |
| 2012 | $311K | $230K | $2.9M | $67K | — | View 990 |
| 2011 | $303K | $241K | $2.9M | $97K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $316K, expenses of $197K, and assets of $3.7M (revenue -3.5% year-over-year).
- 2022: Revenue of $328K, expenses of $215K, and assets of $3.6M (revenue +34.7% year-over-year).
- 2021: Revenue of $243K, expenses of $173K, and assets of $3.5M (revenue -20.9% year-over-year).
- 2020: Revenue of $308K, expenses of $198K, and assets of $3.4M (revenue -0.4% year-over-year).
- 2019: Revenue of $309K, expenses of $235K, and assets of $3.3M (revenue -2.7% year-over-year).
- 2018: Revenue of $317K, expenses of $287K, and assets of $3.2M (revenue +3.5% year-over-year).
- 2017: Revenue of $307K, expenses of $242K, and assets of $3.2M (revenue +0.9% year-over-year).
- 2016: Revenue of $304K, expenses of $242K, and assets of $3.1M (revenue +1.9% year-over-year).
- 2015: Revenue of $298K, expenses of $251K, and assets of $3.1M (revenue -4.6% year-over-year).
- 2014: Revenue of $313K, expenses of $239K, and assets of $3.0M (revenue +7.6% year-over-year).
- 2013: Revenue of $291K, expenses of $217K, and assets of $3.0M (revenue -6.5% year-over-year).
- 2012: Revenue of $311K, expenses of $230K, and assets of $2.9M (revenue +2.6% year-over-year).
- 2011: Revenue of $303K, expenses of $241K, and assets of $2.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for South Old Bridge Volunteer Fire Company Incorporated:
Data Sources and Methodology
This transparency report for South Old Bridge Volunteer Fire Company Incorporated 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.