Overview
What is Hector Volunteer Fire Department Relief Association?
The Hector Volunteer Fire Department Relief Association is a nonprofit organization with a mission to offer service pensions to honorable volunteer firefighters. Based in the city of Hector, Minnesota, they receive financial support from both the state and local government to maintain their pension fund. Retired volunteer firefighters can apply for these pensions, provided they meet the necessary criteria. The association plays a crucial role in acknowledging and supporting the dedicated services of these volunteer firefighters.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 53%, One-Star out of Four Star rating.
The Hector Volunteer Fire Department Relief Association received a low rating due to significant shortcomings in accountability and financial transparency. With only 22% of its board members being independent, the organization fails to meet best practices for governance, which raises concerns about its oversight. Additionally, the absence of essential policies such as conflict of interest and whistleblower protections further highlights governance deficiencies.
Despite these issues, the organization has demonstrated a strong commitment to its mission, evidenced by a program expense ratio of 78.03%. This indicates that the majority of its expenditures are directed towards its programs rather than administrative costs. However, the lack of a website listed on its tax form and missing financial documents detracts from its overall credibility and ability to attract donor support.
Overall, while the Hector Volunteer Fire Department Relief Association shows promise in its program spending, the deficiencies in governance and transparency present significant limitations. Potential donors and supporters are encouraged to consider these factors carefully before contributing.
This AI summary has been generated from information found on Charity Navigator.
Is Hector Volunteer Fire Department Relief Association legitimate?
Hector Volunteer Fire Department Relief Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hector Volunteer 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 Hector Volunteer Fire Department Relief Association?
The Hector Volunteer Fire Department Relief Association is dedicated to providing pension benefits to retired volunteer firefighters. They receive funding for their pension fund from both the state of Minnesota and the city of Hector. Eligible retired firemen can receive these pensions upon request, once they meet the necessary criteria. The association's primary role is to ensure the financial well-being of these dedicated individuals who have served their community as volunteer firefighters.
Who is the CEO of Hector Volunteer Fire Department Relief Association?
Doug Best is the President of Hector Volunteer Fire Department Relief Association. The CEO's salary of Hector Volunteer Fire Department Relief Association is $0 and their total compensation is $0.
What is the revenue of Hector Volunteer Fire Department Relief Association?
Hector Volunteer Fire Department Relief Association's revenue in 2022 was $58,983.
Who are the executives of Hector Volunteer Fire Department Relief Association and what are their salaries?
There are 3 employees and 29 volunteers at Hector Volunteer Fire Department Relief Association.
Here are 12 key members and their salaries (Hector Volunteer Fire Department Relief Association's CEO's salary is $0 and their total compensation is $0):
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Where can I find the form 990 for Hector Volunteer Fire Department Relief Association?
Hector Volunteer Fire Department Relief Association's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Hector Volunteer Fire Department Relief Association
The Hector Volunteer Fire Department Relief Association is an organization that is committed to supporting retired volunteer firemen. Its primary mission is to provide service pensions to these individuals. The organization sources its funding for the pension fund from both the state of Minnesota and the city of Hector. To be eligible for these pensions, retired volunteer firemen must meet certain requirements and make a request. The pension fund serves as a means of recognizing and supporting the dedication and service of these volunteers, who risk their lives to protect their communities. The Hector Volunteer Fire Department Relief Association plays a crucial role in ensuring that these individuals have a source of income during their retirement years.
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Impact
August, 2024
The Hector Volunteer Fire Department Relief Association's impact is significant as it provides service pensions to volunteer firemen. This assistance helps support retired volunteer firemen in their post-service years by offering financial security through pensions. By ensuring that these individuals have access to pensions, the association helps recognize and appreciate the dedication and commitment of volunteer firefighters who serve their community. This support is made possible through funding received from the state of Minnesota and the city of Hector, ultimately contributing to the well-being of those who have selflessly served as volunteer firefighters.
This information is meant to be a general summary of Hector Volunteer 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: $921,308
Assets and Liabilities:
- Total Assets: $1,243,955
- Total Liabilities: $0
- Net Assets: $1,243,955
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Organization Details
Founding Year
1951
Phone
(320) 848-6676Principal Officer
Doug Best
Main Address
PO BOX 441, HECTOR, MN, 55342
NTEE Category
Code: T70Z - Philanthropy
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