Overview
What is Cranston Permanent Firefighters Relief Assn Inc?
Cranston Permanent Firefighters Relief Assn Inc is a nonprofit organization primarily focused on providing life insurance and medical benefits to its members. This association, with a significant membership of 293 firefighters, comprises 155 active members and 138 retired members. The annual dues for active members amount to $212, paid biweekly, while retired members pay an annual fee of $90, due monthly. Members above the age of 65 are exempted from paying dues. The organization also offers life insurance coverage to its active members, with the benefit amount varying based on the investment account's assets. If the account exceeds $2.5 million, the coverage is up to $7,000. For accounts below $2.5 million, the coverage is $5,500 up to age 65, reducing to $3,000 thereafter. In case of a dependent's death while the member is employed, the organization provides a $1,500 life insurance benefit. In addition to life insurance, this association also offers medical reimbursement benefits to its members. Each member can receive up to a maximum of $900 for medical reimbursements in a calendar year. The information does not specify the details of this medical reimbursement program, but it is an essential benefit provided by the organization.
Is Cranston Permanent Firefighters Relief Assn Inc legitimate?
Cranston Permanent Firefighters Relief Assn Inc is a legitimate nonprofit organization registered as a 501(c)(9) entity. Cranston Permanent Firefighters Relief Assn Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $11,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Cranston Permanent Firefighters Relief Assn Inc?
The Cranston Permanent Firefighters Relief Assn Inc is primarily dedicated to providing life insurance and medical benefits to its members. This organization caters to a community of 293 firefighters, comprising 155 active members and 138 retired ones. The annual dues vary for active and retired members, with the former paying biweekly and the latter monthly. Members over 65 years of age are exempt from paying dues.
In terms of life insurance coverage, active members with investment account assets exceeding $2.5 million are eligible for a payout of $7,000. For members with investment account assets below $2.5 million, the life insurance payout is $5,500 up to age 65, and $3,000 beyond that. In case of a dependent's death while the member is employed, the organization provides a $1,500 life insurance benefit.
Moreover, the organization offers medical reimbursements to each member, with a maximum payout of $900 per member in a calendar year for eligible medical expenses.
Who is the CEO of Cranston Permanent Firefighters Relief Assn Inc?
Salvatore Savattere is the Secretary of Cranston Permanent Firefighters Relief Assn Inc.
What is the revenue of Cranston Permanent Firefighters Relief Assn Inc?
Cranston Permanent Firefighters Relief Assn Inc's revenue in 2022 was $208,047.
Who are the executives of Cranston Permanent Firefighters Relief Assn Inc and what are their salaries?
There 10 volunteers at Cranston Permanent Firefighters Relief Assn Inc.
Here are 8 key members and their salaries:
- Compensation: $2,000
- Related: $0
- Other: $0
- Compensation: $1,750
- Related: $0
- Other: $0
- Compensation: $1,750
- Related: $0
- Other: $0
- Compensation: $750
- Related: $0
- Other: $0
- Compensation: $750
- Related: $0
- Other: $0
- Compensation: $750
- Related: $0
- Other: $0
- Compensation: $750
- Related: $0
- Other: $0
- Compensation: $750
- Related: $0
- Other: $0
Where can I find the form 990 for Cranston Permanent Firefighters Relief Assn Inc?
Cranston Permanent Firefighters Relief Assn Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Cranston Permanent Firefighters Relief Assn Inc
The Cranston Permanent Firefighters Relief Association Inc is an organization dedicated to providing essential benefits to its firefighter members. Its primary mission is to offer life insurance and medical coverage to its members, ensuring financial protection in times of need. The organization caters to a diverse group of 293 firefighters, comprising 155 active members and 138 retired ones. The annual dues for active members are $212, paid bi-weekly, while retired members pay a monthly fee of $90. Members over the age of 65 are exempt from paying dues.
In terms of life insurance coverage, active members with an investment account exceeding $2.5 million in assets are entitled to a $7,000 payout. If the investment account falls below this threshold, members will receive $5,500 in life insurance proceeds up to the age of 65, with the amount decreasing to $3,000 thereafter. The association also offers a life insurance benefit of $1,500 to a member's dependent if they lose their life while still employed.
Beyond life insurance, the Cranston Permanent Firefighters Relief Association Inc also provides medical reimbursements to its members. Each member can receive up to a maximum of $900 for medical reimbursements in a calendar year. This comprehensive set of benefits serves to safeguard the well-being of its firefighter members, offering peace of mind and financial support in the face of unforeseen circumstances.
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Impact
October, 2024
Cranston Permanent Firefighters Relief Association Inc significantly enhances the financial security and well-being of its 293 firefighter members, which include 155 active and 138 retired individuals. By providing life insurance and medical benefits, the organization plays a crucial role in ensuring that members have access to vital financial resources during critical times.
Active members benefit from up to $7,000 in life insurance coverage, which is contingent on the organization's investment account exceeding $2.5 million. If the investment falls below this threshold, coverage adjusts to $5,500 for those under 65, and $3,000 for those who reach that age. Additionally, in the event of a member's dependent passing, a benefit of $1,500 is offered to alleviate some of the financial burden in such trying circumstances.
Medical reimbursements further exemplify the association's commitment to its members' health. Each member can receive up to $900 annually to cover medical expenses, providing essential support for maintaining their well-being.
Overall, the association’s structured benefits not only provide peace of mind but also foster a sense of community and mutual assistance among firefighters in Cranston, RI, thereby reinforcing the importance of camaraderie and support within the firefighting profession.
This information is meant to be a general summary of Cranston Permanent Firefighters Relief Assn Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $161,772
- Gross Receipts: $208,047
Assets and Liabilities:
- Total Assets: $1,306,747
- Total Liabilities: $0
- Net Assets: $1,306,747
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Organization Details
Founding Year
1976
Principal Officer
Salvatore Savattere
Main Address
P O BOX 20570, Cranston, RI, 02920
NTEE Category
Code: Y40 - Mutual benefit
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