Overview
What is Corinth Rural Fire Board Inc?
Corinth Rural Fire Board Inc is a nonprofit organization situated in Corinth, Kentucky, with a postal address of PO BOX 97. Its primary objective is to support the Corinth Volunteer Fire Department in delivering crucial firefighting services to the rural areas of Grant County, Kentucky. The board directly aligns with the fire department's mission and handles its financial management. This allows the fire department to concentrate on serving the community without being distracted by financial matters. The board owns the assets utilized by the fire department and is responsible for covering its debts and expenses. In essence, the Corinth Rural Fire Board Inc acts as a financial backbone for the Corinth Volunteer Fire Department, enabling it to focus on its life-saving mission in the rural community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 60%, Two-Star out of Four Star rating
The Corinth Rural Fire Board Inc has received a Two-Star rating from Charity Navigator, indicating some concerns in its organizational practices, particularly in governance. The overall score reflects a focus on Accountability & Finance, where the organization scored 60%. This rating is mainly influenced by the absence of independent board members and missing key policies such as Whistleblower and Document Retention, which are critical for transparency and accountability.
Despite the concerns, the organization does demonstrate some strengths in its financial management, with a high program expense ratio of 96.18%. This suggests that the majority of its funds are allocated towards its mission-related activities. Additionally, there is no material diversion of assets, indicating proper use of resources, and a solid liabilities to assets ratio of 0.44%, which reflects financial stability.
Overall, while Corinth Rural Fire Board Inc shows commitment to its mission through effective program spending, improvements in governance practices are necessary to enhance its accountability and transparency to the public. Addressing the lack of independent board members and implementing missing policies could strengthen the organization’s overall rating and credibility.
This AI summary has been generated from information found on Charity Navigator.
Is Corinth Rural Fire Board Inc legitimate?
Corinth Rural Fire Board Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Corinth Rural Fire Board Inc 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 Corinth Rural Fire Board Inc?
The Corinth Rural Fire Board Inc is directly connected to the Corinth Volunteer Fire Department. Embracing the mission statement of the fire department, the board's primary role is to manage the department's finances, thereby enabling the fire department to concentrate on delivering services to the community. The board has the responsibility of overseeing all assets utilized by the fire department and is accountable for the department's debts and expenses. In essence, the board acts as a financial overseer, allowing the fire department to focus on its core duty of serving the community.
Who is the CEO of Corinth Rural Fire Board Inc?
Fred Scheffler is the Director of Corinth Rural Fire Board Inc.
What is the revenue of Corinth Rural Fire Board Inc?
Corinth Rural Fire Board Inc's revenue in 2022 was $83,088.
Who are the executives of Corinth Rural Fire Board Inc and what are their salaries?
There 6 volunteers at Corinth Rural Fire Board Inc.
Here are 6 key members and their salaries:
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Corinth Rural Fire Board Inc?
Corinth Rural Fire Board Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Corinth Rural Fire Board Inc
Corinth Rural Fire Board Inc is closely associated with the Corinth Volunteer Fire Department, adopting its mission statement. The primary role of this board is to manage the finances of the fire department effectively, enabling the department to concentrate on serving the community. By assuming financial responsibilities, the board allows the fire department to prioritize its duty to the community. Moreover, the board holds the title to all assets utilized by the fire department and is accountable for covering its debts and expenses.
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Impact
October, 2024
Corinth Rural Fire Board Inc plays a critical role in enhancing public safety in Grant County, Kentucky, by supporting the Corinth Volunteer Fire Department. By managing the finances and overseeing the assets of the fire department, the board ensures that the firefighters can dedicate their efforts to providing essential firefighting services to the community without the distraction of financial management.
The board is responsible for all debts and expenses incurred by the fire department, enabling it to prioritize its mission of safeguarding lives and property. This organizational structure not only strengthens the operational efficiency of the fire department but also fosters community trust and engagement in fire safety initiatives. By securing resources and ensuring financial sustainability, Corinth Rural Fire Board Inc directly contributes to the effectiveness of emergency response efforts in the rural areas it serves. The impact of this collaboration is profound, as it reinforces the commitment to protecting and serving the residents of Corinth and its surrounding communities.
This information is meant to be a general summary of Corinth Rural Fire Board Inc. 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.
- Program Service Revenue: $3,184
- Gross Receipts: $83,088
Assets and Liabilities:
- Total Assets: $510,966
- Total Liabilities: $2,278
- Net Assets: $508,688
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BILLING TO NON-MEMBERS FOR SE
Revenue
$3,184
Organization Details
Founding Year
1997
Phone
(859) 547-7384Principal Officer
Fred Scheffler
Main Address
PO BOX 97, CORINTH, KY, 41010
NTEE Category
Code: M24 - Public safety
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