Overview
What is Bound Brook Hose Co 1 Inc?
Bound Brook Hose Co 1 Inc is a dedicated nonprofit organization situated in Bound Brook, New Jersey. Their primary mission is to deliver emergency services to the residents of Bound Brook and its surrounding communities. They support various fire-related programs and ensure the maintenance of fire equipment and stations. The organization's fundamental role is to safeguard the community during emergencies, demonstrating a strong commitment to the welfare of its residents.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (68%)
Bound Brook Hose Co 1 Inc has received a two-star rating with an overall score of 68%, indicating that the organization has room for improvement in its operations and financial management. While the charity scores well in accountability measures such as having a fully independent board and a solid liabilities-to-assets ratio, it falls short in essential areas like program expense ratio and key policies that are currently missing.
The organization's accountability and finance ratings highlight a strong governance structure, with all board members being independent and a comprehensive conflict of interest policy in place. However, the absence of a whistleblower policy, document retention policy, and the lack of transparency in posting tax forms on their website raises concerns about the overall management practices and financial reporting.
Despite these limitations, the charity operates with a commitment to community service, but improvements in transparency and financial management practices could enhance its standing and effectiveness. Addressing these shortcomings may bolster its rating in the future and increase trust among potential donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Bound Brook Hose Co 1 Inc legitimate?
Bound Brook Hose Co 1 Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bound Brook Hose Co 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:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Bound Brook Hose Co 1 Inc?
Bound Brook Hose Co 1 Inc is dedicated to serving the emergency needs of its community and the surrounding areas. Their primary mission is to offer vital assistance during crisis situations. The organization provides support for fire-related equipment and station programs, ensuring they are well-equipped to respond promptly to emergencies. In essence, Bound Brook Hose Co 1 Inc is committed to safeguarding and providing aid to its community during times of urgency.
Who is the CEO of Bound Brook Hose Co 1 Inc?
Shawn M Guerra is the President of Bound Brook Hose Co 1 Inc.
What is the revenue of Bound Brook Hose Co 1 Inc?
Bound Brook Hose Co 1 Inc's revenue in 2022 was $41,437.
Who are the executives of Bound Brook Hose Co 1 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 Bound Brook Hose Co 1 Inc?
Bound Brook Hose Co 1 Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Bound Brook Hose Co 1 Inc
Bound Brook Hose Co 1 Inc, a renowned organization, is committed to delivering emergency services to the residents of Bound Brook and its surrounding communities. Its primary mission is to provide immediate aid and assistance during crises, ensuring the safety and well-being of those in need. The organization supports various fire equipment and fire station programs, demonstrating its dedication to preparedness and response in emergencies. By offering these essential services, Bound Brook Hose Co 1 Inc plays a crucial role in safeguarding its community, fostering a sense of security and resilience.
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Impact
August, 2024
Bound Brook Hose Co 1 Inc plays a critical role in providing emergency services for the residents of Bound Brook and surrounding communities. Their dedication to ensuring the safety and well-being of the community is evident through their support of fire equipment and fire station programs. This organization's impact can be seen in the quick and effective response to emergencies, ultimately saving lives and protecting property in the region.
This information is meant to be a general summary of Bound Brook Hose Co 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: $175
- Gross Receipts: $78,991
Assets and Liabilities:
- Total Assets: $189,613
- Total Liabilities: $0
- Net Assets: $189,613
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Organization Details
Founding Year
2009
Principal Officer
Shawn M Guerra
Main Address
510 EAST MAIN ST, BOUND BROOK, NJ, 08805
NTEE Category
Code: M24 - Public safety
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