Overview
What is Lower Merion Township Police Pension Association?
Lower Merion Township Police Pension Association is a nonprofit organization situated in Ardmore, Pennsylvania. With a single employee, their primary mission is to provide pension benefits to retired or disabled members of the local police department. This association ensures financial security for these individuals, offering a crucial support system in their post-employment phase. By offering pension benefits, the Lower Merion Township Police Pension Association plays a significant role in acknowledging and honoring the service and contributions of these dedicated law enforcement personnel.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82%, Three-Star out of Four Stars
The Lower Merion Township Police Pension Association has achieved an overall score of 82%, reflecting strong accountability and financial management practices. The rating is based solely on the Accountability & Finance metric, where the organization scored exceptionally well. Key strengths include a board comprised entirely of independent members, strong oversight through an audit committee, and no material diversions of assets.
The organization maintains a robust financial profile, with a liabilities to assets ratio of 0.00%, indicating sound fiscal health. Additionally, the program expense ratio is commendable at 76.72%, suggesting that a significant portion of its resources is allocated towards its mission-related activities. The documentation of board meeting minutes further emphasizes transparency in its operations.
While the rating highlights impressive governance and financial practices, it is important for potential supporters to consider the overall impact and programmatic effectiveness of the organization. Further details on program outcomes and community engagement might provide a fuller picture of the association's contributions to the community.
This AI summary has been generated from information found on Charity Navigator.
Is Lower Merion Township Police Pension Association legitimate?
Lower Merion Township Police Pension Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lower Merion Township Police Pension Association 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: $42,129
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Lower Merion Township Police Pension Association?
The Lower Merion Township Police Pension Association's primary mission is to provide pension benefits for retired and disabled police department employees. This organization is dedicated to ensuring these individuals receive the financial support they deserve after their service. The pension benefits are a result of their contributions during their active service period. The association's main activity revolves around managing and distributing these pension funds, offering a financial safety net for eligible retired and disabled police officers.
Who is the CEO of Lower Merion Township Police Pension Association?
Danica A Campanale is the President of Lower Merion Township Police Pension Association.
What is the revenue of Lower Merion Township Police Pension Association?
Lower Merion Township Police Pension Association's revenue in 2022 was $1,620,344.
Who are the executives of Lower Merion Township Police Pension Association and what are their salaries?
The average compensation at Lower Merion Township Police Pension Association during 2022 was $42,129. There is 1 employee and 5 volunteers at Lower Merion Township Police Pension Association.
Here are 11 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: $42,500
- 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
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Lower Merion Township Police Pension Association?
Lower Merion Township Police Pension Association's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lower Merion Township Police Pension Association
The Lower Merion Township Police Pension Association, as its name suggests, is an organization dedicated to providing pension benefits for retired and disabled members who have served in the police department. In simpler terms, this nonprofit ensures that former police employees in need of financial support due to retirement or disability receive the necessary benefits. The association plays a crucial role in securing a stable income for these individuals, enabling them to maintain a decent quality of life post-retirement or in case of disability.
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
October, 2024
The Lower Merion Township Police Pension Association plays a crucial role in ensuring the financial security of retired and disabled members of the police department. By providing pension benefits, the association supports those who have dedicated their careers to public service, allowing them to maintain a stable standard of living after retirement. This financial support not only aids these individuals but also contributes to the overall well-being of the community, as retired officers often remain engaged and continue to serve as vital resources. The association's commitment to fulfilling its mission enhances the morale of current officers, knowing that their service will be rewarded with benefits that protect their future. Overall, the Lower Merion Township Police Pension Association has a significant positive impact on both its members and the broader community in Ardmore, PA.
This information is meant to be a general summary of Lower Merion Township Police Pension Association. 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: $1,392,773
- Gross Receipts: $9,757,345
Assets and Liabilities:
- Total Assets: $13,407,422
- Total Liabilities: $0
- Net Assets: $13,407,422
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1924
Phone
(610) 645-6212Principal Officer
Danica A Campanale
Main Address
71 E LANCASTER AVENUE, ARDMORE, PA, 19003
NTEE Category
Code: Y440 - Mutual benefit
If you are a representative of Lower Merion Township Police Pension Association 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.