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Mineral Springs Volunteer Fire & Rescue Department Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 561337061 ✦ Monroe, NC ✦ Designated as a 501(c)(3)

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Overview

What is Mineral Springs Volunteer Fire & Rescue Department Inc?

The Mineral Springs Volunteer Fire & Rescue Department Inc, situated in Monroe, North Carolina (specifically at 5804 Waxhaw Highway, 28112), is a dedicated nonprofit organization. Its primary mission is to establish, operate, maintain, and provide fire and rescue departments and services for the general public within the Mineral Springs community in Union County, North Carolina. This includes offering civil defense, ensuring the community's safety in times of crisis. The department is run by volunteers, demonstrating a strong commitment to serving its community.


Official website here: www.mineralspringsvfd.com

What are the reviews and ratings of this charity?

Charity Navigator Rating: 73%, Two-Star out of Four Star rating.

The Mineral Springs Volunteer Fire & Rescue Department Inc has received a score of 73%, indicating a Two-Star rating based on its accountability and finance practices. This score reflects a strong emphasis on financial management, with a program expense ratio of 97.20%, showing that the majority of its funds are directed towards its essential services. Additionally, the organization boasts a fully independent board, which is a positive sign of governance.

While the organization demonstrates strong accountability in several areas, it has notable gaps. Specifically, it lacks a whistleblower policy and a document retention and destruction policy, both of which are critical for maintaining transparency and compliance. The absence of these policies may raise concerns regarding the organization’s approach to governance and risk management.

Overall, the Mineral Springs Volunteer Fire & Rescue Department Inc shows a commitment to serving its community effectively but must address its governance deficiencies to strengthen its overall accountability and transparency. The high program expense ratio suggests that funds are being utilized well for its intended purposes, but improved policies could enhance stakeholder confidence.


This AI summary has been generated from information found on Charity Navigator.

Is Mineral Springs Volunteer Fire & Rescue Department Inc legitimate?

Mineral Springs Volunteer Fire & Rescue Department Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mineral Springs Volunteer Fire & Rescue Department 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: $0

For more financial information, click here


Official website here: www.mineralspringsvfd.com

What is the mission statement of Mineral Springs Volunteer Fire & Rescue Department Inc?

The Mineral Springs Volunteer Fire & Rescue Department Inc is committed to establishing, operating, maintaining, and providing fire and rescue departments and services, including civil defense, for the public in and around the Mineral Springs community in Union County, North Carolina. Their mission is to ensure the safety and well-being of the community by offering essential fire and rescue services. They strive to be ready and responsive in times of emergency, providing critical assistance when needed. The department also includes civil defense as part of its mission, prepared to respond to large-scale emergencies or disasters.


Official website here: www.mineralspringsvfd.com

Who is the CEO of Mineral Springs Volunteer Fire & Rescue Department Inc?

Donald Gaddy is the President of Mineral Springs Volunteer Fire & Rescue Department Inc.


Official website here: www.mineralspringsvfd.com

What is the revenue of Mineral Springs Volunteer Fire & Rescue Department Inc?

Mineral Springs Volunteer Fire & Rescue Department Inc's revenue in 2023 was $1,410,571.


Official website here: www.mineralspringsvfd.com

Who are the executives of Mineral Springs Volunteer Fire & Rescue Department Inc and what are their salaries?


Here are 4 key members and their salaries:


Carl Stacks (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Donald Manglass (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Louis Threatt (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Teresa A Ross (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.mineralspringsvfd.com

Where can I find the form 990 for Mineral Springs Volunteer Fire & Rescue Department Inc?

Mineral Springs Volunteer Fire & Rescue Department Inc's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.mineralspringsvfd.com

Learn more at the official website: www.mineralspringsvfd.com

Mission Statement of Mineral Springs Volunteer Fire & Rescue Department Inc

The Mineral Springs Volunteer Fire & Rescue Department Inc is dedicated to establishing, operating, maintaining, and providing fire and rescue departments and services, including civil defense, for the general public in and around the Mineral Springs community. This nonprofit organization's mission is to ensure the safety and well-being of its community members during emergency situations, providing essential fire and rescue services. Their role extends beyond responding to emergencies; they also contribute to civil defense efforts, ensuring the community is prepared for potential threats and crises.

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Impact




July, 2024

Mineral Springs Volunteer Fire & Rescue Department Inc has a significant impact on public safety in and around the Mineral Springs community in Union County, North Carolina. By establishing, operating, and maintaining fire and rescue departments and services, including civil defense, this organization plays a crucial role in ensuring the well-being and security of the general public. Their dedicated efforts in providing fire and rescue services have helped safeguard the lives and properties of individuals in this region, demonstrating a strong commitment to community protection and emergency response.




This information is meant to be a general summary of Mineral Springs Volunteer Fire & Rescue Department 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.

Revenue
$1,410,571 (2023)
Expenses
$1,092,122 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $17,953
  • Gross Receipts: $1,410,571

Assets and Liabilities:

  • Total Assets: $2,958,033
  • Total Liabilities: $1,153,441
  • Net Assets: $1,804,592

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Organization Details

Founding Year

1958

Principal Officer

Donald Gaddy

Main Address

5804 WAXHAW HIGHWAY, MONROE, NC, 281126784

NTEE Category

Code: M24 - Public safety

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