Overview
What is The Lyme Fire Company Incorporated?
The Lyme Fire Company Incorporated is a nonprofit organization situated in the town of Lyme, Connecticut. Its primary objective is to ensure the safety and well-being of approximately 2100 residents by providing essential fire protection services, as well as carrying out fire prevention and rescue missions. The organization is committed to focusing on these critical areas to minimize the risk of fires and respond promptly to emergencies, thereby safeguarding the community. Additionally, it offers hazmat response services for potential hazardous material incidents.
Official website here: www.lymefireco.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star Rating, 73%)
The Lyme Fire Company Incorporated has received a Two-Star rating from Charity Navigator, indicating a need for improvement in its accountability and financial practices. The organization scores well in areas such as board independence and asset management, achieving perfect scores in both majority independent board members and the absence of material diversion of assets. However, the overall performance suggests that there are significant areas requiring attention.
Despite a strong program expense ratio of 83.07%, which reflects a commitment to programmatic spending, the nonprofit lacks essential policies that are critical for accountability. Specifically, it does not have a conflict of interest policy, whistleblower policy, or document retention and destruction policy in place, which are important for transparency and ethical governance. Additionally, the absence of documented board meeting minutes raises concerns about governance practices.
While the organization excels in several financial metrics, such as having a liabilities to assets ratio of 0.00%, the missing policies significantly affect its overall accountability score. Addressing these gaps could enhance the Lyme Fire Company's transparency and stakeholder trust, ultimately improving its rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is The Lyme Fire Company Incorporated legitimate?
The Lyme Fire Company Incorporated is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Lyme Fire Company Incorporated 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.lymefireco.org
What is the mission statement of The Lyme Fire Company Incorporated?
The Lyme Fire Company Incorporated is dedicated to its mission of ensuring safety in its community. This entails providing comprehensive fire protection, actively promoting fire prevention, and offering swift rescue and hazmat response services. The company's primary focus lies in the area of fire prevention, aiming to safeguard the well-being of approximately 2100 individuals in an unspecified locale.
Official website here: www.lymefireco.org
Who is the CEO of The Lyme Fire Company Incorporated?
Elizabeth J Morgan is the Treasurer of The Lyme Fire Company Incorporated.
Official website here: www.lymefireco.org
What is the revenue of The Lyme Fire Company Incorporated?
The Lyme Fire Company Incorporated's revenue in 2023 was $80,134.
Official website here: www.lymefireco.org
Who are the executives of The Lyme Fire Company Incorporated and what are their salaries?
There 34 volunteers at The Lyme Fire Company Incorporated.
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.lymefireco.org
Where can I find the form 990 for The Lyme Fire Company Incorporated?
The Lyme Fire Company Incorporated's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.lymefireco.org
Learn more at the official website: www.lymefireco.org
Mission Statement of The Lyme Fire Company Incorporated
The Lyme Fire Company Incorporated is committed to fulfilling its mission of providing vital fire protection, fostering fire prevention, and offering rescue and hazmat response services to a population of approximately 2100 individuals residing in the town of Lyme, Connecticut. The organization's primary focus lies in fire prevention, with a determination to safeguard the community from potential fire hazards. Additionally, The Lyme Fire Company Incorporated is prepared to respond promptly and effectively to emergencies, including rescue situations and incidents requiring hazardous materials management, ensuring the well-being of the town's residents.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
August, 2024
The Lyme Fire Company Incorporated's impact is crucial in providing fire protection, fire prevention, rescue response, and hazmat response to approximately 2,100 individuals in the town of Lyme, CT. Their focus on fire prevention and rescue response ensures the safety and well-being of the community, playing a vital role in public safety.
This information is meant to be a general summary of The Lyme Fire Company Incorporated. 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 2023.
- Investment Income: $30,186
- Gross Receipts: $114,063
Assets and Liabilities:
- Total Assets: $728,002
- Total Liabilities: $0
- Net Assets: $728,002
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1949
Phone
(860) 575-7175Principal Officer
Elizabeth J Morgan
Main Address
213 HAMBURG RD, LYME, CT, 06371
Website
www.lymefireco.orgNTEE Category
Code: M24 - Public safety
If you are a representative of The Lyme Fire Company Incorporated and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.