Overview
What is Richmond Firefighter & Relief Assoc?
Richmond Firefighter & Relief Assoc is a nonprofit organization situated in Richmond, Minnesota. Its primary mission is to manage a defined benefit plan, providing retirement benefits for volunteers who serve as firefighters in Richmond and surrounding townships. This organization's purpose is to ensure the financial security of these dedicated individuals who selflessly contribute to the safety of their community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 58%, One-Star out of Four Stars
The Richmond Firefighter & Relief Association has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its overall accountability and finance practices. This low score is primarily driven by its program expense ratio, which stands at 58.08%, suggesting that a smaller portion of its expenditures is directed towards programs compared to administrative costs.
On a more positive note, the organization demonstrates strong governance practices, with 100% of its board members being independent, a total of 24 members, and no material diversion of assets reported. Additionally, the Association effectively documents board meeting minutes, showcasing a level of transparency in its operations.
Despite these strengths, the low program expense ratio raises questions about the effectiveness of fund allocation. Stakeholders may want to closely examine how funds are utilized to ensure that the majority is being directed towards fulfilling the organization's mission.
This AI summary has been generated from information found on Charity Navigator.
Is Richmond Firefighter & Relief Assoc legitimate?
Richmond Firefighter & Relief Assoc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Richmond Firefighter & Relief 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Richmond Firefighter & Relief Assoc?
The Richmond Firefighter & Relief Assoc is dedicated to providing a defined benefit plan for volunteer firefighters in Richmond, Minnesota, and the surrounding townships. This mission is carried out through the payment of retirement benefits for members of the relief association. The organization's primary goal is to ensure the financial security of its volunteer firefighters upon their retirement. The relief association plays a crucial role in supporting these dedicated individuals who selflessly serve their community by putting out fires and responding to emergencies. The relief association's mission is a testament to its commitment to honoring the service and sacrifices of volunteer firefighters.
Who is the CEO of Richmond Firefighter & Relief Assoc?
Derek Mueller is the Director of Richmond Firefighter & Relief Assoc.
What is the revenue of Richmond Firefighter & Relief Assoc?
Richmond Firefighter & Relief Assoc's revenue in 2021 was $81,593.
Who are the executives of Richmond Firefighter & Relief Assoc and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for Richmond Firefighter & Relief Assoc?
Richmond Firefighter & Relief Assoc's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Richmond Firefighter & Relief Assoc
The Richmond Firefighter & Relief Associations' primary mission is to establish and manage a defined benefit plan for the volunteer firefighters residing in Richmond, Minnesota, and its surrounding townships. This nonprofit organization aims to ensure the financial security of its members upon retirement by providing retirement benefits to its members who have faithfully served their communities as volunteer firefighters. The association plays a crucial role in safeguarding the financial well-being of these selfless individuals who dedicate their time and effort to protecting their communities from fires and other emergencies.
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Impact
October, 2024
The Richmond Firefighter & Relief Association plays a crucial role in ensuring the financial security of volunteer firefighters in Richmond, MN, and surrounding townships. By providing a defined benefit plan, the association guarantees retirement benefits to its members, recognizing their dedication and service to the community. This support not only enhances the welfare of the firefighters but also fosters a strong sense of commitment and morale within the volunteer ranks. The association’s efforts contribute significantly to public safety, as it encourages more individuals to serve in this vital capacity, ultimately impacting the readiness and effectiveness of firefighting services in the area.
This information is meant to be a general summary of Richmond Firefighter & Relief 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 2021.
- Investment Income: $66,557
- Gross Receipts: $266,442
Assets and Liabilities:
- Total Assets: $713,209
- Total Liabilities: $0
- Net Assets: $713,209
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Organization Details
Founding Year
1996
Phone
(320) 597-1987Principal Officer
Derek Mueller
Main Address
PO BOX 628, RICHMOND, MN, 56368
NTEE Category
Code: M23 - Public safety
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