Overview
What is Reading Police Beneficial Assoc?
Reading Police Beneficial Assoc is a nonprofit organization based in Reading, Pennsylvania, specifically at PO Box 4628. The primary focus of this association is to provide benefits to active and retired city of Reading police officers. In 2022, they made significant contributions to support their members. They paid $34,200 to help older members cover their health insurance premiums, awarded 28 scholarships of $500 each to children of members, and provided death benefits totaling $18,000 to beneficiaries of deceased members. Furthermore, the organization covered operating expenses of $75,510 to maintain its operation. Overall, Reading Police Beneficial Assoc functions as a supportive network for city of Reading police officers, offering financial assistance in various forms.
Is Reading Police Beneficial Assoc legitimate?
Reading Police Beneficial Assoc is a legitimate nonprofit organization registered as a 501(c)(9) entity. Reading Police Beneficial Assoc 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:
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What is the mission statement of Reading Police Beneficial Assoc?
The Reading Police Beneficial Association is an organization that provides assistance to active and retired City of Reading police officers. Its primary mission is to offer benefits, as evidenced by the $34,200 paid in 2022 to help older members cover health insurance premiums. In addition, the association awards scholarships to children of its members, with 28 scholarships of $500 each distributed in 2022, totaling $14,000. Furthermore, death benefits were provided to beneficiaries of deceased members, with three payments of $6,000 each, totaling $18,000 in 2022. Additionally, the association covers operational expenses to sustain its operations, with $75,510 spent in 2022. Overall, the Reading Police Beneficial Association aims to support and assist its members in various ways.
Who is the CEO of Reading Police Beneficial Assoc?
Kyle Rentschler is the Director of Reading Police Beneficial Assoc.
What is the revenue of Reading Police Beneficial Assoc?
Reading Police Beneficial Assoc's revenue in 2022 was $201,561.
Who are the executives of Reading Police Beneficial Assoc and what are their salaries?
Here are 8 key members and their salaries:
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Where can I find the form 990 for Reading Police Beneficial Assoc?
Reading Police Beneficial Assoc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Reading Police Beneficial Assoc
Reading Police Beneficial Association, a nonprofit organization, focuses on providing assistance to active and retired City of Reading police officers. The primary mission of this association is to offer benefits to its members, specifically in the areas of health insurance premiums and educational opportunities. In 2022, the organization made payments totaling $34,200 to aid senior members with their health insurance premiums. Furthermore, the association awarded 28 scholarships of $500 each, amounting to $14,000, to the children of its members. Additionally, Reading Police Beneficial Association provided death benefits of $6,000 each to the beneficiaries of three deceased members, totaling $18,000. Besides these direct financial aids, the association also covered operational expenses of $75,510 to maintain its operations and serve its members effectively.
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Impact
October, 2024
The Reading Police Beneficial Association plays a crucial role in supporting active and retired police officers in the City of Reading. In 2022, it disbursed a total of $34,200 to assist members over the age of 65 with their health insurance premiums, providing essential financial relief to those who may be facing increased medical costs in their retirement.
Additionally, the Association awarded 28 scholarships of $500 each, totaling $14,000, to children of its members, fostering educational opportunities and contributing to the future success of these young people. Moreover, in recognizing the sacrifices made by its members, the Association paid out $18,000 in death benefits to the beneficiaries of three deceased members, offering vital support during a difficult time.
To sustain its operations, the Association incurred $75,510 in operating expenses, ensuring that it can continue to offer these valuable services and benefits. Overall, the impact of the Reading Police Beneficial Association is significant, as it not only provides financial assistance but also enhances the well-being and security of police officers and their families within the community.
This information is meant to be a general summary of Reading Police Beneficial Assoc. 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: $154,464
- Program Service Revenue: $43,617
- Gross Receipts: $201,561
Assets and Liabilities:
- Total Assets: $2,531,935
- Total Liabilities: $0
- Net Assets: $2,531,935
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ANNUAL BALL
Revenue
$22,963
PHONE SOLICITATIONS
Revenue
$20,654
Organization Details
Founding Year
1977
Principal Officer
Kyle Rentschler
Main Address
PO BOX 4628, READING, PA, 196069998
NTEE Category
Code: Y40 - Mutual benefit
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