Overview
What is Holloway Terrace Volunteer Fire Company 1 Inc?
Holloway Terrace Volunteer Fire Company 1 Inc is a dedicated nonprofit organization based in New Castle, Delaware. Their primary mission is to ensure fire protection and emergency medical services within their local communities. This mission is executed predominantly through the active participation of volunteers, who contribute significantly to the organization's operations. Without these volunteers, the organization estimates that they would need to hire 9 full-time firefighters for round-the-clock coverage. In 20XX, the estimated value of these volunteer firefighting services amounted to $3,038,742. Beyond providing direct services, Holloway Terrace Volunteer Fire Company 1 Inc also supports neighboring volunteer fire companies and the communities they serve.
Official website here: www.ht20fc.com/
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Holloway Terrace Volunteer Fire Company 1 Inc has received a two-star rating from Charity Navigator, indicating that there are areas requiring attention, particularly in the realm of governance and policy implementation. The organization demonstrates a strong commitment to accountability with 100% independent board members, and it has shown effective financial management with a program expense ratio of over 85%. However, the overall score of 69% reflects some significant gaps in key policies that are essential for operational transparency.
Despite the strengths in board independence and financial health, Holloway Terrace is missing critical policies such as a conflict of interest policy, a whistleblower policy, and guidelines for document retention and destruction. These omissions can undermine stakeholder confidence and the organization's overall governance structure. The presence of documented board meeting minutes is a positive aspect, but the lack of other policies may limit the effectiveness of oversight and accountability.
In summary, while Holloway Terrace Volunteer Fire Company 1 Inc demonstrates commendable financial responsibility and governance through its independent board, the absence of essential policies highlights areas for improvement that could enhance its credibility and operational integrity. Addressing these limitations may help elevate the organization's rating and overall impact in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Holloway Terrace Volunteer Fire Company 1 Inc legitimate?
Holloway Terrace Volunteer Fire Company #1 Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Holloway Terrace Volunteer Fire Company #1 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $411,802
For more financial information, click here
Official website here: www.ht20fc.com/
What is the mission statement of Holloway Terrace Volunteer Fire Company 1 Inc?
The Holloway Terrace Volunteer Fire Company 1 Inc is committed to providing fire protection and emergency medical services to communities in its vicinity. This organization also supports nearby volunteer fire companies and the communities they serve. They heavily rely on volunteer firefighters, estimating that they would need to hire 9 full-time firefighters if not for the volunteers. The annual value of these volunteer firefighting services is estimated to be around $3,038,742.
Official website here: www.ht20fc.com/
Who is the CEO of Holloway Terrace Volunteer Fire Company 1 Inc?
Mark Gott is the President & Director of Holloway Terrace Volunteer Fire Company #1 Inc.
Official website here: www.ht20fc.com/
What is the revenue of Holloway Terrace Volunteer Fire Company 1 Inc?
Holloway Terrace Volunteer Fire Company 1 Inc's revenue in 2022 was $1,933,903.
Official website here: www.ht20fc.com/
Who are the executives of Holloway Terrace Volunteer Fire Company 1 Inc and what are their salaries?
The average compensation at Holloway Terrace Volunteer Fire Company 1 Inc during 2022 was $17,158. There are 24 employees and 110 volunteers at Holloway Terrace Volunteer Fire Company 1 Inc.
Here are 26 key members and their salaries:
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Official website here: www.ht20fc.com/
Where can I find the form 990 for Holloway Terrace Volunteer Fire Company 1 Inc?
Holloway Terrace Volunteer Fire Company 1 Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ht20fc.com/
Learn more at the official website: www.ht20fc.com/
Mission Statement of Holloway Terrace Volunteer Fire Company 1 Inc
Holloway Terrace Volunteer Fire Company 1 Inc is committed to providing essential fire protection and emergency medical services to the communities within its vicinity. The organization's mission is twofold: firstly, it aims to safeguard the communities it serves by offering firefighting services. Secondly, it seeks to support nearby volunteer fire companies and their respective communities. This support is crucial, as it enables the volunteer companies to continue serving their localities effectively. The organization's operations heavily rely on the extensive participation of volunteer firefighters. In fact, it is estimated that without these volunteers, the organization would need to hire approximately 9 full-time firefighters for each 8-hour shift daily. The collective value of these volunteer firefighting services is estimated to amount to $3,038,742 annually. In essence, Holloway Terrace Volunteer Fire Company 1 Inc plays a significant role in ensuring the safety and well-being of its community, while also extending a helping hand to neighboring volunteer fire companies.
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Impact
July, 2024
Holloway Terrace Volunteer Fire Company 1 Inc's impact is significant in providing crucial fire protection and emergency medical services to communities in its immediate location. The organization not only ensures the safety and well-being of residents in cases of emergencies but also supports nearby volunteer fire companies and the communities they serve. The extensive participation of volunteer firefighters in their program plays a crucial role in their operations, with the estimated value of their volunteer firefighting services amounting to $3,038,742 for the year. Without these dedicated volunteers, the organization would need to hire 9 full-time firefighters for three 8-hour shifts a day, showcasing the invaluable contribution of volunteers to public safety.
This information is meant to be a general summary of Holloway Terrace Volunteer Fire Company 1 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: $159,424
- Program Service Revenue: $284,827
- Gross Receipts: $2,199,559
Assets and Liabilities:
- Total Assets: $6,949,598
- Total Liabilities: $1,315,924
- Net Assets: $5,633,674
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
AMBULANCE REVENUE
Revenue
$284,827
Organization Details
Founding Year
1922
Phone
(302) 654-2817Principal Officer
Mark Gott
Main Address
PO BOX 684 WILMINGTON MANOR, NEW CASTLE, DE, 19720
Website
www.ht20fc.com/NTEE Category
Code: M24 - Public safety
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