Overview
What is First Hose Company Of Boonsboro Inc?
First Hose Company Of Boonsboro Inc, situated at 5 Saint Paul Street, Boonsboro, MD 21713, is a dedicated nonprofit organization. Its primary mission is to safeguard the community of Boonsboro by offering fire protection services. Beyond just firefighting, the organization also plays an educational role, educating citizens on various safety precautions to prevent potential hazards. This proactive approach helps reduce risks and promote a safer environment for the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 41%, Zero-Star out of Four Star rating.
The First Hose Company Of Boonsboro Inc has received a low score of 41% from Charity Navigator, indicating significant concerns regarding its accountability and financial management. Notably, the organization has no independent board members, which raises questions about governance and oversight. Additionally, key policies such as conflict of interest and whistleblower protections are missing, further highlighting governance weaknesses.
On a positive note, the organization has a program expense ratio of 100%, suggesting that all of its funds are directed towards programmatic activities. However, this high ratio is overshadowed by the lack of transparency in its operations, as evidenced by missing documents and policies that are critical for public trust and accountability. The liabilities to assets ratio stands at 62.20%, which could indicate financial strain.
Overall, while the First Hose Company Of Boonsboro Inc is utilizing its funds well for programs, the significant governance issues and lack of independent oversight limit its effectiveness and trustworthiness as a nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is First Hose Company Of Boonsboro Inc legitimate?
First Hose Company Of Boonsboro Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. First Hose Company Of Boonsboro 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: $50,167
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What is the mission statement of First Hose Company Of Boonsboro Inc?
The First Hose Company of Boonsboro Inc is committed to serving its community by providing essential fire protection services. Additionally, the organization focuses on educating citizens about various safety precautions to help prevent potential hazards. By doing so, the First Hose Company aims to promote a safer environment for all members of the community. The organization's mission is multifaceted, encompassing both emergency response and public education to ensure the well-being of its community.
Who is the CEO of First Hose Company Of Boonsboro Inc?
Vern Wachter is the President of First Hose Company Of Boonsboro Inc.
What is the revenue of First Hose Company Of Boonsboro Inc?
First Hose Company Of Boonsboro Inc's revenue in 2022 was $874,927.
Who are the executives of First Hose Company Of Boonsboro Inc and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for First Hose Company Of Boonsboro Inc?
First Hose Company Of Boonsboro Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of First Hose Company Of Boonsboro Inc
First Hose Company Of Boonsboro Inc is dedicated to serving its community by providing essential fire protection services. Beyond this primary function, the organization also plays a vital role in educating citizens about various safety precautions to prevent potential hazards. This dual mission is aimed at ensuring the community's safety and well-being, making First Hose Company Of Boonsboro Inc an indispensable resource for the people it serves. The organization's approach to fire protection and safety education is proactive, empowering citizens to take preventative measures to secure their homes and lives.
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Impact
July, 2024
The First Hose Company Of Boonsboro Inc plays a significant role in ensuring the safety and protection of the Boonsboro community. By providing fire protection services and educating citizens on safety precautions to prevent hazards, the organization actively contributes to enhancing public safety in the area. This proactive approach helps to mitigate risks, respond effectively to emergencies, and ultimately safeguard the well-being of the local residents. The dedication and commitment of the First Hose Company Of Boonsboro Inc have a direct impact on the overall security and resilience of the community.
This information is meant to be a general summary of First Hose Company Of Boonsboro 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: $40,471
- Gross Receipts: $888,751
Assets and Liabilities:
- Total Assets: $970,493
- Total Liabilities: $616,091
- Net Assets: $354,402
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Organization Details
Principal Officer
Vern Wachter
Main Address
5 SAINT PAUL STREET, BOONSBORO, MD, 21713
NTEE Category
Code: M24 - Public safety
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