Overview
What is Farmingdale Hook & Ladder Co 1?
Farmingdale Hook & Ladder Co 1 is a dedicated nonprofit organization, located unspecified, that is committed to combating and preventing fires. Their primary focus is ensuring the safety of the community through firefighting operations and preventative measures. The organization allocates its resources solely to covering the expenses associated with this mission, including maintaining a proficient team of firefighters. Farmingdale Hook & Ladder Co 1 plays a vital role in protecting communities from the destructive impact of fires.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (Needs Improvement, Score: 73%)
Farmingdale Hook & Ladder Co 1 has received a two-star rating from Charity Navigator, indicating that the organization has room for improvement in its accountability and financial practices. With a score of 73%, it shows a solid program expense ratio of 88.68%, suggesting that a significant portion of its budget goes directly to program services. The organization also exhibits strong governance, indicated by an independent board and no material diversion of assets.
However, there are several notable weaknesses that have contributed to the low overall rating. Key governance documents such as the conflict of interest policy, whistleblower policy, and document retention policy are missing, which raises concerns about transparency and ethical oversight. Additionally, the nonprofit's website is lacking essential information, including its tax form and comprehensive details about its operations, which could hinder public trust.
In summary, while Farmingdale Hook & Ladder Co 1 demonstrates effective program spending and strong governance structure, the absence of critical policies and website transparency significantly affect its overall evaluation. Addressing these issues could enhance its accountability and strengthen public confidence in its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Farmingdale Hook & Ladder Co 1 legitimate?
Farmingdale Hook & Ladder Co 1 is a legitimate nonprofit organization registered as a 501(c)(3) entity. Farmingdale Hook & Ladder Co 1 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 Farmingdale Hook & Ladder Co 1?
Farmingdale Hook & Ladder Co 1 is dedicated to combating fires and striving to prevent them from occurring. Their mission is focused on allocating their program expenses solely towards the costs associated with firefighting and prevention, as well as maintaining a competent team of firefighters. The organization's primary goal is to protect communities from the destructive effects of fires by providing efficient and timely response. Their commitment extends to ensuring they have a well-trained group of firefighters, ready to tackle any fire-related challenges.
Who is the CEO of Farmingdale Hook & Ladder Co 1?
James Thompson is the President of Farmingdale Hook & Ladder Co 1.
What is the revenue of Farmingdale Hook & Ladder Co 1?
Farmingdale Hook & Ladder Co 1's revenue in 2022 was $41,950.
Who are the executives of Farmingdale Hook & Ladder Co 1 and what are their salaries?
There 20 volunteers at Farmingdale Hook & Ladder Co 1.
Here are 8 key members and their salaries:
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Where can I find the form 990 for Farmingdale Hook & Ladder Co 1?
Farmingdale Hook & Ladder Co 1's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Farmingdale Hook & Ladder Co 1
Farmingdale Hook & Ladder Co 1 is dedicated to combating fires and taking preventive measures against them. The organization's mission is channeled towards covering the expenses associated with firefighting and prevention operations. Furthermore, Farmingdale Hook & Ladder Co 1 maintains a team of highly skilled firefighters, ensuring they are equipped to handle any fire-related emergencies effectively. The organization's primary focus is on ensuring public safety by extinguishing fires and minimizing the risk of future fires.
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Impact
August, 2024
Farmingdale Hook & Ladder Co 1 plays a crucial role in ensuring public safety within the community of Farmingdale, New Jersey. Their impact is tangible and immediate, as they are on the front lines of fighting fires and working to prevent them. By maintaining a skilled team of firefighters and dedicating their program expenses solely to fire fighting and prevention costs, Farmingdale Hook & Ladder Co 1 directly contributes to saving lives, protecting property, and keeping the community safe from fire-related emergencies. Their commitment to public safety is commendable and essential for the well-being of the residents they serve.
This information is meant to be a general summary of Farmingdale Hook & Ladder Co 1. 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: $4,456
- Gross Receipts: $41,950
Assets and Liabilities:
- Total Assets: $916,137
- Total Liabilities: $0
- Net Assets: $916,137
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Organization Details
Founding Year
1905
Principal Officer
James Thompson
Main Address
PO Box 132, Farmingdale, NJ, 07727
NTEE Category
Code: M24 - Public safety
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