Overview
What is Monroe Hose Co?
Monroe Hose Co is a nonprofit organization that received a state grant of $12,000 to assist in reducing its debt on a 2010 Freightliner Tanker. This vehicle was purchased brand new for an initial cost of $181,000. The grant has helped lower the outstanding loan balance to $60,000. The specific purpose of Monroe Hose Co or its mission is not detailed in the provided information. However, it can be inferred that the organization is committed to managing its financial obligations, as reflected in the debt reduction grant.
Is Monroe Hose Co legitimate?
Monroe Hose Co is a legitimate nonprofit organization registered as a 501(c)(3) entity. Monroe Hose Co submitted a form 990EZ, 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.
What is the mission statement of Monroe Hose Co?
Monroe Hose Co received a state grant of $12,000 to help reduce the debt on their 2010 Freightliner Tanker, which they had purchased brand new for $181,000. The grant aids in repaying the remaining $60,000 on the loan. While the information does not provide a clear mission statement, it can be inferred that Monroe Hose Co seeks financial assistance to manage their vehicle-related debts. The grant is a testament to their efforts in maintaining their assets and ensuring financial sustainability.
Who is the CEO of Monroe Hose Co?
Ronald Mcneal is the President of Monroe Hose Co.
What is the revenue of Monroe Hose Co?
Monroe Hose Co's revenue in 2021 was $95,733.
Who are the executives of Monroe Hose Co and what are their salaries?
Here are 12 key members and their salaries:
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Where can I find the form 990EZ for Monroe Hose Co?
Monroe Hose Co's most recent form 990EZ was submitted in 2021 and can be accessed here.
Mission Statement of Monroe Hose Co
Monroe Hose Co, a nonprofit organization, was granted $12,000 by the state to aid in reducing their debt on a 2010 Freightliner Tanker. This tanker was purchased brand new for an substantial amount of $181,000. Currently, the organization has $60,000 remaining on the loan for this vehicle. The state grant will contribute significantly to paying off the remaining debt, thereby reducing the financial burden on Monroe Hose Co. The organization's receipt of this grant underscores its financial responsibility and its commitment to managing its resources effectively, ensuring they can continue their operations and serve their community.
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Impact
October, 2024
Monroe Hose Co plays a vital role in ensuring public safety in Monroeton, PA. With the support of a state grant for $12,000 dedicated to debt reduction on their 2010 Freightliner Tanker, they are actively managing financial responsibilities while maintaining the essential services they provide to the community. The tanker, which was originally purchased for $181,000, is crucial for their firefighting operations, helping to protect lives and property. By reducing their remaining loan balance of $60,000, Monroe Hose Co can allocate more resources toward training, equipment, and community outreach, further enhancing their capability to respond to emergencies. Their commitment to financial stewardship allows for sustained operational readiness and a stronger foundation for future growth in service to the public.
This information is meant to be a general summary of Monroe Hose Co. 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 2021.
- Investment Income: $149
- Program Service Revenue: $28,572
- Gross Receipts: $120,740
Assets and Liabilities:
- Total Assets: $126,369
- Total Liabilities: $0
- Net Assets: $126,369
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Organization Details
Phone
(570) 265-8106Principal Officer
Ronald Mcneal
Main Address
PO Box 48, Monroeton, PA, 18832
NTEE Category
Code: M24 - Public safety
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