Overview
What is Magnolia Volunteer Fire Company?
The Magnolia Volunteer Fire Company is a nonprofit organization that prioritizes fire protection and safety. It operates with the aid of volunteer firefighters and rescuers, as well as an ambulance service. This dedicated group is committed to preventing, mitigating, and controlling fires within their community. Their mission extends beyond extinguishing flames, encompassing fire prevention efforts and ensuring the well-being of those in need.
Official website here: www.magnolia55.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84%, Three-Star out of Four Star rating.
Magnolia Volunteer Fire Company has received a solid rating of 84%, indicating a commendable level of accountability and financial health. The rating is derived solely from the Accountability & Finance beacon, which reflects the organization’s commitment to transparency and responsible management of resources. This strong score suggests that the nonprofit is effectively utilizing its funds for its stated mission.
A significant strength of Magnolia Volunteer Fire Company is its governance structure, highlighted by the presence of a fully independent board, which scored 100% on independence criteria. Additionally, the organization has demonstrated strong financial practices, with an impressive program expense ratio of 93.72%, meaning the vast majority of its expenditures are directed towards its core services. Other positive indicators include a low liabilities-to-assets ratio of 0.36%, which suggests a stable financial position.
However, there are some areas for improvement, notably the absence of a conflict of interest policy and whistleblower policy, which both received a score of zero. Addressing these gaps could further enhance the organization's governance and accountability framework, ensuring that it meets best practices in nonprofit management.
This AI summary has been generated from information found on Charity Navigator.
Is Magnolia Volunteer Fire Company legitimate?
Magnolia Volunteer Fire Company is a legitimate nonprofit organization registered as a 501(c)(3) entity. Magnolia Volunteer Fire Company 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: $251,759
For more financial information, click here
Official website here: www.magnolia55.com
What is the mission statement of Magnolia Volunteer Fire Company?
The Magnolia Volunteer Fire Company is committed to providing fire protection and offering volunteer fire and rescue services, as well as ambulance service. Their mission encompasses a dedication towards fire prevention, ensuring safety, and implementing measures for fire control. The organization is proactive in promoting fire safety and working towards extinguishing fires when they occur.
Official website here: www.magnolia55.com
Who is the CEO of Magnolia Volunteer Fire Company?
Adam S Gillespie is the Director of Magnolia Volunteer Fire Company.
Official website here: www.magnolia55.com
What is the revenue of Magnolia Volunteer Fire Company?
Magnolia Volunteer Fire Company's revenue in 2022 was $1,419,522.
Official website here: www.magnolia55.com
Who are the executives of Magnolia Volunteer Fire Company and what are their salaries?
The average compensation at Magnolia Volunteer Fire Company during 2022 was $7,405. There are 34 employees and 100 volunteers at Magnolia Volunteer Fire Company.
Here are 9 key members and their salaries:
- Compensation: $16,325
- Related: $0
- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.magnolia55.com
Where can I find the form 990 for Magnolia Volunteer Fire Company?
Magnolia Volunteer Fire Company's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.magnolia55.com
Learn more at the official website: www.magnolia55.com
Mission Statement of Magnolia Volunteer Fire Company
Magnolia Volunteer Fire Company is committed to providing fire protection and emergency services. This dedicated nonprofit organization offers volunteer fire and rescue services, as well as ambulance assistance, to its community. Their mission is deeply rooted in fire prevention, protection, and control. The company's primary goal is to safeguard their community from the hazards of fires and other emergencies, ensuring swift and effective responses when needed.
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Impact
July, 2024
Magnolia Volunteer Fire Company plays a crucial role in providing fire protection and emergency services to the community of Magnolia. They offer volunteer fire and rescue services as well as ambulance service, ensuring the safety and well-being of residents in times of crisis. The organization's dedication to fire prevention, protection, and control contributes significantly to public safety in the area. Their impact is felt deeply in safeguarding lives and properties, responding to emergencies promptly, and promoting fire safety measures within the community.
This information is meant to be a general summary of Magnolia Volunteer Fire Company. 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: $93,897
- Program Service Revenue: $311,828
- Gross Receipts: $1,419,522
Assets and Liabilities:
- Total Assets: $6,829,389
- Total Liabilities: $25,125
- Net Assets: $6,804,264
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
AMBULANCE SERVICE
Revenue
$311,828
Organization Details
Founding Year
1927
Phone
(302) 335-3260Principal Officer
Adam S Gillespie
Main Address
PO BOX 55, MAGNOLIA, DE, 19962
Website
www.magnolia55.comNTEE Category
Code: M24Z - Public safety
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