Overview
What is Mcgrath Fire Department Relief Assn?
The Mcgrath Fire Department Relief Association is a nonprofit organization whose primary mission is to extend pension benefits to eligible fire department members. They accomplish this mission by generating funds through the sale of pull-tabs. This association plays a crucial role in supporting its members, ensuring their financial security and well-being.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, Two-Star out of Four Star rating.
The Mcgrath Fire Department Relief Association has received a score of 73%, which reflects its performance primarily in Accountability & Finance. The organization has demonstrated strong governance practices, with 100% of its board members being independent, and it has no material diversion of assets. Additionally, the association shows a low liabilities to assets ratio of 0.16%, indicating a solid financial standing.
Strengths of the organization include a high program expense ratio of 98.42%, suggesting that a significant portion of its funds is directed towards its mission-related activities rather than administrative costs. The documentation of board meeting minutes also highlights a commitment to transparency and accountability.
However, the overall Two-Star rating indicates that there may be areas for improvement despite these strengths, particularly in enhancing operational effectiveness and expanding its impact. Prospective donors may want to consider these factors when evaluating their support for the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Mcgrath Fire Department Relief Assn legitimate?
Mcgrath Fire Department Relief Assn is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mcgrath Fire Department Relief Assn 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: $10,274
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Mcgrath Fire Department Relief Assn?
The McGrath Fire Department Relief Association's primary mission is to offer pension benefits to its eligible members. To sustain these benefits, the association engages in fundraising activities, specifically through the sale of pull-tabs. The association's mission is centered around providing financial support to its members, with the fundraising activities serving as a means to maintain and enhance these benefits.
What is the revenue of Mcgrath Fire Department Relief Assn?
Mcgrath Fire Department Relief Assn's revenue in 2023 was $40,500.
Who are the executives of Mcgrath Fire Department Relief Assn and what are their salaries?
The average compensation at Mcgrath Fire Department Relief Assn during 2023 was $5,137. There are 2 employees and 17 volunteers at Mcgrath Fire Department Relief Assn.
Here are 4 key members and their salaries:
- Compensation: $10,274
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Mcgrath Fire Department Relief Assn?
Mcgrath Fire Department Relief Assn's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Mcgrath Fire Department Relief Assn
The McGrath Fire Department Relief Association is a nonprofit organization that is dedicated to providing pension benefits to its eligible members. To support its mission, this association raises funds through the sale of pull-tabs. This association plays a crucial role in securing the financial well-being of its members by offering pension benefits. Through its fundraising efforts, it ensures that it can continue providing these vital benefits to those who have served in the fire department.
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Impact
August, 2024
Mcgrath Fire Department Relief Assn's impact is crucial in providing pension benefits to eligible members of the Mcgrath Fire Department. Through their fundraising efforts, primarily through pull-tab sales, they ensure that firefighters who have dedicated their lives to public safety are supported in their retirement years. This organization plays a vital role in recognizing and honoring the service of these individuals, contributing to the overall well-being and security of the community.
This information is meant to be a general summary of Mcgrath Fire Department Relief Assn. 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 2023.
- Investment Income: $4,356
- Gross Receipts: $1,168,710
Assets and Liabilities:
- Total Assets: $358,136
- Total Liabilities: $257
- Net Assets: $357,879
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Organization Details
Founding Year
1950
Principal Officer
Steven Nelson
NTEE Category
Code: M23 - Public safety
If you are a representative of Mcgrath Fire Department Relief Assn and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.