Overview
What is Volunteer Fire Co No 1 Of Somers Point N J?
Volunteer Fire Co No 1 Of Somers Point N J is a nonprofit organization primarily dedicated to ensuring fire safety in the community of Somers Point, New Jersey. They operate on a volunteer basis, with members providing their time and skills to extinguish fires and protect local residents. To sustain their operations, they engage in income-generating activities, which help maintain their building and fund the acquisition and upkeep of fire trucks and equipment. This nonprofit organization is committed to safeguarding their community from fire hazards, demonstrating a strong sense of civic duty and community service.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 35%, Zero-Star out of Four Star rating.
The Volunteer Fire Co No 1 Of Somers Point N J has received a low score of 35% from Charity Navigator, indicating significant concerns regarding its accountability and finance practices. The organization failed to demonstrate an independent board, with no independent members noted. Additionally, critical governance policies, such as those for conflict of interest and whistleblowing, are missing, which raises questions about its operational transparency.
Despite these weaknesses, the organization does have a positive aspect in maintaining a low liabilities-to-assets ratio at 0.00%, suggesting financial stability in terms of debt. However, its program expense ratio of 55.38% indicates that less than half of its expenditures are directed towards its programs, which may affect its effectiveness and impact on the community it serves.
Overall, the lack of independent oversight and missing governance policies significantly undermine the Volunteer Fire Co No 1's credibility and effectiveness as a nonprofit organization. These limitations should be taken into consideration by potential donors and volunteers when evaluating their support for the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Volunteer Fire Co No 1 Of Somers Point N J legitimate?
Volunteer Fire Co No 1 Of Somers Point N J is a legitimate nonprofit organization registered as a 501(c)(3) entity. Volunteer Fire Co No 1 Of Somers Point N J 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
What is the mission statement of Volunteer Fire Co No 1 Of Somers Point N J?
The Volunteer Fire Company No. 1 in an unspecified location offers fire protection as its primary mission. In addition to this, they raise funds through various income-generating activities. These funds are utilized to maintain the building and acquire, as well as maintain, necessary fire trucks and equipment.
Who is the CEO of Volunteer Fire Co No 1 Of Somers Point N J?
Donald Dunleavy is the President of Volunteer Fire Co No 1 Of Somers Point N J.
What is the revenue of Volunteer Fire Co No 1 Of Somers Point N J?
Volunteer Fire Co No 1 Of Somers Point N J's revenue in 2022 was $153,253.
Who are the executives of Volunteer Fire Co No 1 Of Somers Point N J and what are their salaries?
There 32 volunteers at Volunteer Fire Co No 1 Of Somers Point N J.
Here are 4 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
Where can I find the form 990 for Volunteer Fire Co No 1 Of Somers Point N J?
Volunteer Fire Co No 1 Of Somers Point N J's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Volunteer Fire Co No 1 Of Somers Point N J
Volunteer Fire Co No 1 of Somers Point NJ is committed to ensuring fire protection in its mission. This nonprofit organization raises funds through various income-generating activities to sustain its building and acquire necessary fire trucks and equipment. Their primary goal is to safeguard the community from the threat of fires, ensuring that they are well-equipped to respond promptly and effectively when required. The funds they generate are essential for maintaining the building's condition and keeping their equipment in top shape, ensuring they can continue providing reliable fire protection services.
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Impact
October, 2024
Volunteer Fire Co No 1 of Somers Point, NJ, plays a vital role in ensuring the safety and well-being of the community. By providing essential fire protection services, they safeguard lives and property from the dangers of fire. Their efforts extend beyond emergency response; they actively engage in fundraising activities to maintain their facilities and to purchase and upkeep fire trucks and equipment. This commitment not only enhances their operational readiness but also fosters trust and security within the community they serve. Through their dedication to public safety, Volunteer Fire Co No 1 reinforces the importance of preparedness and resilience in times of crisis, ultimately contributing to a safer environment for all residents in Somers Point.
This information is meant to be a general summary of Volunteer Fire Co No 1 Of Somers Point N J. 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: $13,751
- Gross Receipts: $161,641
Assets and Liabilities:
- Total Assets: $642,326
- Total Liabilities: $0
- Net Assets: $642,326
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Organization Details
Founding Year
1908
Phone
(609) 653-6506Principal Officer
Donald Dunleavy
Main Address
PO BOX 174, SOMERS POINT, NJ, 08244
NTEE Category
Code: M24 - Public safety
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