The Oceanville Volunteer Fire Company No 1
Oceanville Volunteer Fire Company No 1: Steady Revenue, Strong Asset Growth
EIN: 222245710 · Galloway, NJ · NTEE: M24 · Updated: 2026-04-04
Is The Oceanville Volunteer Fire Company No 1 Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Oceanville Volunteer Fire Company No 1 directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About The Oceanville Volunteer Fire Company No 1
The Oceanville Volunteer Fire Company No 1 (EIN: 222245710) is a nonprofit organization based in Galloway, NJ, classified under NTEE code M24. The organization reported total revenue of $204K and total assets of $1.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Oceanville Volunteer Fire Company No 1's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates The Oceanville Volunteer Fire Company No 1 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, The Oceanville Volunteer Fire Company No 1 allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% goes to programs, indicating moderate mission focus.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, indicating a fully volunteer-led organization with no paid executives.
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.
Strengths
The following positive indicators were identified for The Oceanville Volunteer Fire Company No 1:
- Consistent revenue generation, averaging over $150,000 annually.
- Strong asset growth, nearly doubling from $761,916 in 2019 to $1,435,896 in 2023.
- Fully volunteer leadership, with $0 reported for officer, director, trustee, and key employee compensation.
Frequently Asked Questions about The Oceanville Volunteer Fire Company No 1
Is The Oceanville Volunteer Fire Company No 1 a legitimate charity?
Based on AI analysis of IRS 990 filings, The Oceanville Volunteer Fire Company No 1 (EIN: 222245710) appears legitimate. Mission Score: 85/100. 0 red flags identified, 3 strengths noted.
How does The Oceanville Volunteer Fire Company No 1 spend its money?
The Oceanville Volunteer Fire Company No 1 directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The Oceanville Volunteer Fire Company No 1 tax-deductible?
The Oceanville Volunteer Fire Company No 1 is registered as a tax-exempt nonprofit (EIN: 222245710). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does The Oceanville Volunteer Fire Company No 1 do?
The Oceanville Volunteer Fire Company No 1 is a nonprofit organization in the Public Safety & Disaster Preparedness sector, located in Galloway, New Jersey. It is classified under NTEE code M24.
How much revenue does The Oceanville Volunteer Fire Company No 1 have?
The Oceanville Volunteer Fire Company No 1 reported total revenue of $203,819. Based on 13 IRS 990 filings on record.
What are The Oceanville Volunteer Fire Company No 1's total assets?
The Oceanville Volunteer Fire Company No 1 holds total assets of $1,547,883 as reported in IRS 990 filings.
Where is The Oceanville Volunteer Fire Company No 1 located?
The Oceanville Volunteer Fire Company No 1 is based in Galloway, New Jersey.
What is The Oceanville Volunteer Fire Company No 1's EIN?
The Oceanville Volunteer Fire Company No 1's Employer Identification Number (EIN) is 222245710. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is The Oceanville Volunteer Fire Company No 1?
The Oceanville Volunteer Fire Company No 1 is classified under NTEE code M24 (Public Safety & Disaster Preparedness).
Is The Oceanville Volunteer Fire Company No 1 a registered 501(c)(3)?
Yes, The Oceanville Volunteer Fire Company No 1 is recognized as a tax-exempt organization by the IRS. EIN: 222245710.
Does The Oceanville Volunteer Fire Company No 1 file IRS Form 990?
Yes, The Oceanville Volunteer Fire Company No 1 has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was The Oceanville Volunteer Fire Company No 1's revenue in 2023?
In the 202312 filing period, The Oceanville Volunteer Fire Company No 1 reported total revenue of $143,485, total expenses of $51,369, and net assets of $1,435,896.
Is The Oceanville Volunteer Fire Company No 1's revenue growing or declining?
The Oceanville Volunteer Fire Company No 1's revenue is declining. Revenue went from $156,007 (202212) to $143,485 (202312), a -8.0% change. Based on 13 filings on record.
What is The Oceanville Volunteer Fire Company No 1's most recent 990 filing?
The most recent IRS Form 990 filing for The Oceanville Volunteer Fire Company No 1 covers tax period 202312. It shows revenue of $143,485, expenses of $51,369, total assets of $1,435,896, and liabilities of N/A.
How much does The Oceanville Volunteer Fire Company No 1 spend on programs vs administration?
Based on IRS 990 analysis, The Oceanville Volunteer Fire Company No 1 allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is The Oceanville Volunteer Fire Company No 1 a trustworthy charity?
Based on AI analysis of IRS 990 data, The Oceanville Volunteer Fire Company No 1 appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 3 strengths noted.
What are The Oceanville Volunteer Fire Company No 1's strengths?
Positive indicators for The Oceanville Volunteer Fire Company No 1 include: Consistent revenue generation, averaging over $150,000 annually.. Strong asset growth, nearly doubling from $761,916 in 2019 to $1,435,896 in 2023.. Fully volunteer leadership, with $0 reported for officer, director, trustee, and key employee compensation.. These findings are derived from AI analysis of the organization's financial filings.
How does The Oceanville Volunteer Fire Company No 1 compensate executives?
Executive compensation is reported as $0 across all available filings, indicating a fully volunteer-led organization with no paid executives. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does the organization manage to maintain such a high asset base with relatively modest annual revenues?
The consistent accumulation of assets, from $608,995 in 2018 to $1,435,896 in 2023, suggests effective financial management, potentially through significant non-cash donations, investment gains, or a high retention rate of funds not immediately spent on operational expenses.
Given the 'Volunteer Fire Company' designation, what is the primary source of their reported revenue?
While specific revenue breakdowns aren't provided in the summary data, for a volunteer fire company, common revenue sources include local government appropriations, community fundraising events, and individual donations. The consistent revenue figures suggest a stable funding model.
Filing History
IRS 990 filing history for The Oceanville Volunteer Fire Company No 1 showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), The Oceanville Volunteer Fire Company No 1's revenue has declined by 35.6%, moving from $223K to $143K. Total assets increased by 100.4% over the same period, from $717K to $1.4M. Total functional expenses fell by 72.3%, from $185K to $51K. In its most recent filing year (2023), The Oceanville Volunteer Fire Company No 1 reported a surplus of $92K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $143K | $51K | $1.4M | $0 | — | View 990 |
| 2022 | $156K | $54K | $1.3M | $0 | — | View 990 |
| 2021 | $500K | $35K | $1.3M | $0 | — | View 990 |
| 2020 | $125K | $58K | $838K | $0 | — | — |
| 2019 | $162K | $62K | $762K | $0 | — | View 990 |
| 2018 | $157K | $290K | $609K | $0 | — | View 990 |
| 2017 | $157K | $103K | $810K | $10K | — | View 990 |
| 2016 | $147K | $110K | $757K | $10K | — | View 990 |
| 2015 | $122K | $83K | $710K | $0 | — | View 990 |
| 2014 | $96K | $76K | $677K | $0 | — | View 990 |
| 2013 | $115K | $103K | $651K | $0 | — | View 990 |
| 2012 | $114K | $77K | $626K | $0 | — | View 990 |
| 2011 | $223K | $185K | $717K | $139K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $143K, expenses of $51K, and assets of $1.4M (revenue -8.0% year-over-year).
- 2022: Revenue of $156K, expenses of $54K, and assets of $1.3M (revenue -68.8% year-over-year).
- 2021: Revenue of $500K, expenses of $35K, and assets of $1.3M (revenue +300.8% year-over-year).
- 2020: Revenue of $125K, expenses of $58K, and assets of $838K (revenue -22.9% year-over-year).
- 2019: Revenue of $162K, expenses of $62K, and assets of $762K (revenue +2.9% year-over-year).
- 2018: Revenue of $157K, expenses of $290K, and assets of $609K (revenue +0.4% year-over-year).
- 2017: Revenue of $157K, expenses of $103K, and assets of $810K (revenue +6.4% year-over-year).
- 2016: Revenue of $147K, expenses of $110K, and assets of $757K (revenue +20.4% year-over-year).
- 2015: Revenue of $122K, expenses of $83K, and assets of $710K (revenue +27.2% year-over-year).
- 2014: Revenue of $96K, expenses of $76K, and assets of $677K (revenue -16.4% year-over-year).
- 2013: Revenue of $115K, expenses of $103K, and assets of $651K (revenue +1.0% year-over-year).
- 2012: Revenue of $114K, expenses of $77K, and assets of $626K (revenue -48.9% year-over-year).
- 2011: Revenue of $223K, expenses of $185K, and assets of $717K.
Data Sources and Methodology
This transparency report for The Oceanville Volunteer Fire Company No 1 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.