Overview
What is Penn Yan Volunteer Fire Companies Inc?
Penn Yan Volunteer Fire Companies Inc, based at 125 Elm Street, Penn Yan, New York 14527, is a nonprofit organization primarily dedicated to supporting the Village of Penn Yan's fire department. Their mission involves providing active responders and ensuring regulatory and taxation compliance for the Fire Companies operating under the Fire Department's umbrella. In essence, they play a crucial role in safeguarding the community by maintaining an effective firefighting force and ensuring the Fire Companies adhere to necessary regulations and financial obligations.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 53%, One-Star out of Four Stars
Penn Yan Volunteer Fire Companies Inc has received a low score of 53%, earning it a One-Star rating primarily based on its Accountability & Finance metrics. A significant concern is the complete lack of independent board members, which raises questions about governance and oversight. Although the organization shows a strong program expense ratio of 77.51%, indicating that a substantial portion of its expenses goes directly to programs, several critical policies and transparency measures are missing.
The absence of a conflict of interest policy, whistleblower policy, and document retention guidelines reflects a shortfall in governance practices that could potentially affect the organization’s credibility and operational integrity. Furthermore, the charity's website was not listed on its tax form, which may hinder public access to important information about its activities and initiatives. On a positive note, the organization has demonstrated effective management of its assets with a liability-to-asset ratio of 0.00%, suggesting financial stability.
Overall, while Penn Yan Volunteer Fire Companies Inc demonstrates strong program spending efficiency, significant governance and transparency issues need to be addressed for it to improve its rating and public trust. Addressing these limitations could enhance its operational effectiveness and accountability to stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Penn Yan Volunteer Fire Companies Inc legitimate?
Penn Yan Volunteer Fire Companies Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Penn Yan Volunteer Fire Companies 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:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Penn Yan Volunteer Fire Companies Inc?
Penn Yan Volunteer Fire Companies Inc is committed to serving as the active responders for a local fire department. Their mission involves coordinating and ensuring regulatory and taxation compliance for the Fire Companies, all under the umbrella of the Fire Department. In essence, they are responsible for maintaining the operational readiness of the firefighting team and ensuring they adhere to relevant regulations and financial requirements.
Who is the CEO of Penn Yan Volunteer Fire Companies Inc?
Rick Simpson is the President of Penn Yan Volunteer Fire Companies Inc.
What is the revenue of Penn Yan Volunteer Fire Companies Inc?
Penn Yan Volunteer Fire Companies Inc's revenue in 2022 was $109,224.
Who are the executives of Penn Yan Volunteer Fire Companies Inc and what are their salaries?
Here are 12 key members and their salaries:
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Where can I find the form 990 for Penn Yan Volunteer Fire Companies Inc?
Penn Yan Volunteer Fire Companies Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Penn Yan Volunteer Fire Companies Inc
Penn Yan Volunteer Fire Companies Inc is dedicated to serving as the active responders for the Village of Penn Yan's fire department. Beyond this primary role, the organization also works to ensure regulatory and taxation compliance for the Fire Companies operating under the Fire Department. In essence, Penn Yan Volunteer Fire Companies Inc plays a crucial part in maintaining the operational efficiency and regulatory adherence of the local fire department's volunteer units.
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Impact
October, 2024
Penn Yan Volunteer Fire Companies Inc plays a vital role in enhancing the safety and wellbeing of the community in Penn Yan, NY. By providing active responders for the Village of Penn Yan fire department, they ensure that emergencies are met with prompt and effective action. Their dedicated team not only responds to fires but also engages in various safety initiatives, further contributing to public safety.
In addition to their emergency response efforts, this organization also coordinates regulatory and taxation compliance for the fire companies under the Fire Department, ensuring that operations run smoothly and adhere to necessary standards. This commitment to regulatory compliance bolsters the integrity and efficiency of the fire services, allowing them to focus on their primary mission: safeguarding lives and property in the area. Through their tireless efforts, the Penn Yan Volunteer Fire Companies Inc fosters a sense of security and trust within the community they serve.
This information is meant to be a general summary of Penn Yan Volunteer Fire Companies 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.
- Investment Income: $638
- Program Service Revenue: $65,889
- Gross Receipts: $143,204
Assets and Liabilities:
- Total Assets: $550,273
- Total Liabilities: $0
- Net Assets: $550,273
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
2 Rebate
Revenue
$25,889
Contract
Revenue
$40,000
Organization Details
Founding Year
2010
Phone
(315) 521-4334Principal Officer
Rick Simpson
Main Address
125 Elm Street, Penn Yan, NY, 14527
NTEE Category
Code: M24 - Public safety
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