Overview
What is Palisade Fire Department Relief Association?
The Palisade Fire Department Relief Association is a nonprofit organization based in Palisade, Minnesota. With just two dedicated employees, its primary mission is to offer retirement, death, and disability benefits to its members and their families. The financial management of these funds is entrusted to the Public Employees Retirement Association of Minnesota. The association's purpose is to ensure the well-being of its members during their post-employment years and in times of need, thereby providing a sense of security and support.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, Two-Star out of Four Star Rating
The Palisade Fire Department Relief Association has received a Two-Star rating from Charity Navigator, reflecting its score of 73%. This rating is primarily based on Accountability & Finance, where the organization has demonstrated a strong commitment to financial management, notably with a high program expense ratio of 99.23%, indicating that a significant portion of its expenses supports its programs.
Despite its strengths, the organization has notable areas for improvement. It lacks key governance policies, including a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy, which affected its overall score negatively. Additionally, the absence of disclosures on its website regarding its tax form further detracted from its accountability score, highlighting potential transparency issues.
Overall, while the Palisade Fire Department Relief Association shows strong financial responsibility, particularly in how it allocates funds towards its mission, the missing governance policies and transparency measures could raise concerns for potential donors and stakeholders regarding the organization's overall accountability practices.
This AI summary has been generated from information found on Charity Navigator.
Is Palisade Fire Department Relief Association legitimate?
Palisade Fire Department Relief Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Palisade Fire Department Relief 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Palisade Fire Department Relief Association?
The Palisade Fire Department Relief Association's mission is centered around providing support for its members. Specifically, the association aims to offer pension, death, and disability benefits to its members. This assistance is intended to provide financial security and stability during challenging times. The funds for these benefits are managed by the Public Employees Retirement Association of Minnesota.
Who is the CEO of Palisade Fire Department Relief Association?
Clint Demenge is the Vice Preside of Palisade Fire Department Relief Association. The CEO's salary of Palisade Fire Department Relief Association is $0 and their total compensation is $0.
What is the revenue of Palisade Fire Department Relief Association?
Palisade Fire Department Relief Association's revenue in 2022 was $88,843.
Who are the executives of Palisade Fire Department Relief Association and what are their salaries?
There are 2 employees at Palisade Fire Department Relief Association.
Here are 7 key members and their salaries (Palisade Fire Department Relief Association's CEO's salary is $0 and their total compensation is $0):
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- Related: $0
- 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
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Palisade Fire Department Relief Association?
Palisade Fire Department Relief Association's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Palisade Fire Department Relief Association
The Palisade Fire Department Relief Association is dedicated to providing pension, death, and disability benefits to its members. This nonprofit organization focuses on ensuring the financial well-being of its members and their families in the event of retirement, death, or disability. The funds for these benefits are maintained and managed by the Public Employees Retirement Association of Minnesota. The Palisade Fire Department Relief Association plays a crucial role in providing a secure financial future for its members, offering them peace of mind and financial stability during challenging times.
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Impact
October, 2024
The Palisade Fire Department Relief Association plays a vital role in supporting the well-being of its members and their families through the provision of pension, death, and disability benefits. By ensuring financial stability and security for fire department personnel, the association enhances the overall morale and effectiveness of the team. The funds are expertly managed by the Public Employees Retirement Association of Minnesota, ensuring a reliable and sustainable source of support for members during their retirement years and in times of need. This commitment to the welfare of public safety personnel fosters a safer community in Palisade, MN, as it enables firefighters to focus on their crucial responsibilities with peace of mind regarding their future and that of their loved ones.
This information is meant to be a general summary of Palisade Fire Department Relief 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.
- Gross Receipts: $2,769,345
Assets and Liabilities:
- Total Assets: $163,189
- Total Liabilities: $11,049
- Net Assets: $152,140
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Organization Details
Phone
(218) 845-2051Principal Officer
Clint Demenge
Main Address
PO BOX 71, PALISADE, MN, 56469
NTEE Category
Code: M23 - Public safety
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