Overview
What is Oakwood Volunteer Fire Department Incorporated?
Oakwood Volunteer Fire Department Incorporated is a dedicated nonprofit organization situated in Oakwood, Virginia. Primarily, they operate a volunteer fire and rescue squad, providing essential services to the residents of Buchanan County. Their mission extends beyond responding to emergency calls, as they also invest in maintaining their property, vehicles, and equipment, which includes considering depreciation costs. With a workforce of 16 volunteers, the department demonstrates a strong commitment to the safety and well-being of their community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement, 71%
The Oakwood Volunteer Fire Department has received a Two-Star out of Four Star rating from Charity Navigator, indicating a need for improvement in several areas, particularly in accountability and transparency. With an overall score of 71%, the organization demonstrates strengths such as having a fully independent board and an impressive program expense ratio of 95.85%, suggesting that a significant portion of resources is directed toward its core mission of fire protection.
However, the organization faces significant challenges in financial reporting and transparency, scoring zero points in multiple categories including financial statements and the posting of tax forms on its website. This lack of accessible financial documentation may raise concerns about the organization's transparency and governance practices.
Additionally, while the Oakwood Volunteer Fire Department has a conflict of interest policy in place, it lacks crucial policies such as a whistleblower policy and document retention and destruction guidelines. Improving these areas could enhance trust and accountability among stakeholders and the community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Oakwood Volunteer Fire Department Incorporated legitimate?
Oakwood Volunteer Fire Department Incorporated is a legitimate nonprofit organization registered as a 501(c)(3) entity. Oakwood Volunteer Fire Department Incorporated 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: $423,893
For more financial information, click here
What is the mission statement of Oakwood Volunteer Fire Department Incorporated?
The Oakwood Volunteer Fire Department Incorporated operates a volunteer fire and rescue squad, serving the residents of Buchanan County, Virginia. Its primary mission is to respond to emergency calls for fire and rescue support. In addition to the ordinary expenses associated with this mission, the organization also invests in maintaining its property, vehicles, and equipment, including depreciation on these assets. The department's activities are dedicated to ensuring the safety and well-being of its community, providing a vital service in times of need.
Who is the CEO of Oakwood Volunteer Fire Department Incorporated?
Jeremy Cook is the Vice Preside of Oakwood Volunteer Fire Department Incorporated.
What is the revenue of Oakwood Volunteer Fire Department Incorporated?
Oakwood Volunteer Fire Department Incorporated's revenue in 2023 was $799,693.
Who are the executives of Oakwood Volunteer Fire Department Incorporated and what are their salaries?
The average compensation at Oakwood Volunteer Fire Department Incorporated during 2023 was $26,493. There are 16 employees at Oakwood Volunteer Fire Department Incorporated.
Here are 5 key members and their salaries:
- Compensation: $55,336
- Related: $0
- Other: $0
- Compensation: $44,193
- Related: $0
- Other: $0
- Compensation: $220
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Oakwood Volunteer Fire Department Incorporated?
Oakwood Volunteer Fire Department Incorporated's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Oakwood Volunteer Fire Department Incorporated
Oakwood Volunteer Fire Department Incorporated is a dedicated organization that operates a volunteer fire and rescue squad, extending its services to the residents of Buchanan County, Virginia. At its core, the mission of this nonprofit is to ensure the safety and well-being of its community members during emergencies. The department responds to numerous calls for fire and rescue support throughout the year, demonstrating its commitment to its mission.
Beyond its primary fire and rescue duties, Oakwood Volunteer Fire Department Incorporated also manages the upkeep of its property, vehicles, and equipment. This involves substantial financial investments, including accounting for depreciation on these assets. The organization's dedication to maintaining its resources ensures that it is always prepared to respond to emergencies effectively and efficiently.
In summary, Oakwood Volunteer Fire Department Incorporated is a vital community resource, providing round-the-clock emergency support to its residents. Its mission goes beyond just responding to emergencies; it also involves the careful management and maintenance of its resources to ensure that it is always ready to serve.
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Impact
July, 2024
Oakwood Volunteer Fire Department Incorporated plays a crucial role in ensuring the safety and well-being of residents in Buchanan County, Virginia. Through its dedicated volunteer firefighters and rescue squad, the organization responds to numerous calls for fire and rescue support, addressing emergencies and saving lives in the community. In addition to their operational activities, the organization invests in the maintenance of its property, vehicles, and equipment to ensure they are always ready to serve in times of need. Oakwood Volunteer Fire Department's impact on public safety is significant, providing essential services that help protect and support the local community.
This information is meant to be a general summary of Oakwood Volunteer Fire Department Incorporated. 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: $5
- Program Service Revenue: $691,643
- Gross Receipts: $799,693
Assets and Liabilities:
- Total Assets: $820,631
- Total Liabilities: $9,009
- Net Assets: $811,622
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESCUE SERVICE BILLINGS
Revenue
$691,643
Organization Details
Founding Year
1964
Principal Officer
Jeremy Cook
Main Address
10491 GARDEN CREEK RD, OAKWOOD, VA, 24631
NTEE Category
Code: M24 - Public safety
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