Overview
What is First Founders Assurance Company?
First Founders Assurance Company is a specialized company situated in Chester, New Jersey. Their primary focus is on the realm of surety, demonstrating expertise in offering United States Customs bonds and various other federal bonds pertinent to the import and export sector. By providing these bonds, the company plays a crucial role in facilitating international trade and commerce.
Is First Founders Assurance Company legitimate?
First Founders Assurance Company is a legitimate nonprofit organization registered as a 501(c)(15) entity. First Founders Assurance Company 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: $15,875
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of First Founders Assurance Company?
First Founders Assurance Company's primary focus is on surety, demonstrating a particular expertise in providing United States Customs bonds and other federal bonds pertinent to the import and export industry. Their mission is centered around this specialization, aiming to facilitate smooth operations in the import-export sector by offering these essential bonds. The company's role is instrumental in ensuring compliance with regulations and facilitating the movement of goods across international borders.
Who is the CEO of First Founders Assurance Company?
Bruce Haskell is the Secretary,Treasurer & Dir of First Founders Assurance Company.
What is the revenue of First Founders Assurance Company?
First Founders Assurance Company's revenue in 2022 was $584,351.
Who are the executives of First Founders Assurance Company and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $4,000
- Related: $254,985
- Other: $0
- Compensation: $4,000
- Related: $260,066
- Other: $0
- Compensation: $3,375
- Related: $0
- Other: $0
- Compensation: $4,500
- Related: $0
- Other: $0
Where can I find the form 990 for First Founders Assurance Company?
First Founders Assurance Company's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of First Founders Assurance Company
First Founders Assurance Company, as a company, is primarily focused on surety operations. Its specialization lies in providing United States Customs Bonds and other federal bonds that are relevant to the import and export industry. This specialization allows the company to cater to the unique needs of businesses involved in international trade, ensuring compliance with customs regulations and protecting them from potential financial losses. By offering these bonds, First Founders Assurance Company plays a crucial role in facilitating smooth trade operations, thereby contributing to the overall economic growth.
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Impact
October, 2024
First Founders Assurance Company plays a critical role in facilitating international trade by specializing in the provision of United States customs bonds and other federal bonds related to the import and export industry. By ensuring compliance with federal regulations, the company helps businesses navigate the complexities of customs requirements, thereby minimizing the risk of delays and penalties. This support not only accelerates the movement of goods across borders but also contributes to the overall efficiency of the supply chain.
Located in Chester, NJ, First Founders Assurance Company exemplifies its commitment to enhancing trade operations, enabling businesses to focus on growth and expansion in a global market. Through its expertise in surety bonds, the company also fosters a sense of security and reliability that is essential for importers and exporters, ultimately contributing to economic stability and growth within the industry.
This information is meant to be a general summary of First Founders Assurance Company. 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: $185,817
- Program Service Revenue: $398,534
- Gross Receipts: $1,461,072
Assets and Liabilities:
- Total Assets: $7,626,896
- Total Liabilities: $1,751,852
- Net Assets: $5,875,044
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PREMIUMS
Revenue
$398,534
Organization Details
Founding Year
2003
Phone
(908) 879-0990Principal Officer
Bruce Haskell
Main Address
6 MILL RIDGE LANE, CHESTER, NJ, 079302486
NTEE Category
Code: G81 - Disease
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