Overview
What is American Fireworks Standards Laboratory Inc?
American Fireworks Standards Laboratory Inc is a nonprofit organization, established independently, with the main objective of enhancing the quality and safety of fireworks sold or utilized within the United States market. They specialize in conducting comprehensive tests on fireworks to establish safety standards, thereby safeguarding public welfare and ensuring the reliable use of fireworks.
Official website here: www.afsl.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 69%, earning a Two-Star out of Four Star rating
The American Fireworks Standards Laboratory Inc has received a Two-Star rating from Charity Navigator, indicating room for improvement in their accountability and financial practices. While the organization boasts 100% independent board members and a strong program expense ratio of nearly 95%, it has notable gaps in critical governance policies, including the absence of a conflict of interest policy, a whistleblower policy, and a document retention policy.
Strengths of the organization include a low liabilities to assets ratio at 7.14%, suggesting a stable financial posture, and a commitment to utilizing a majority of their resources towards programs. The organization has effectively maintained transparency regarding board meeting minutes and has no material diversion of assets, which reflects positively on their operational integrity.
However, the lack of essential governance policies raises concerns about their oversight and risk management. Addressing these deficiencies could enhance their accountability and overall rating, potentially increasing donor confidence and support for their mission.
This AI summary has been generated from information found on Charity Navigator.
Is American Fireworks Standards Laboratory Inc legitimate?
American Fireworks Standards Laboratory Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. American Fireworks Standards Laboratory 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: $241,686
Professional Fundraising Fees: $0
Other Salaries and Wages: $153,095
For more financial information, click here
Official website here: www.afsl.org
What is the mission statement of American Fireworks Standards Laboratory Inc?
The American Fireworks Standards Laboratory (AFSL) serves as an independent, non-profit organization with a mission to enhance the quality and ensure the safety of fireworks available in the U.S. market. Its primary objective is to establish and uphold standards for fireworks, thereby promoting their safe use. By conducting rigorous tests, AFSL aims to protect consumers and contribute to the overall safety regulations governing the fireworks industry.
Official website here: www.afsl.org
Who is the CEO of American Fireworks Standards Laboratory Inc?
Robert Howell is the President of American Fireworks Standards Laboratory Inc.
Official website here: www.afsl.org
What is the revenue of American Fireworks Standards Laboratory Inc?
American Fireworks Standards Laboratory Inc's revenue in 2022 was $4,539,040.
Official website here: www.afsl.org
Who are the executives of American Fireworks Standards Laboratory Inc and what are their salaries?
The average compensation at American Fireworks Standards Laboratory Inc during 2022 was $131,594. There are 3 employees at American Fireworks Standards Laboratory Inc.
Here are 12 key members and their salaries:
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- Compensation: $238,940
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Official website here: www.afsl.org
Where can I find the form 990 for American Fireworks Standards Laboratory Inc?
American Fireworks Standards Laboratory Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.afsl.org
Learn more at the official website: www.afsl.org
Mission Statement of American Fireworks Standards Laboratory Inc
The American Fireworks Standards Laboratory (AFSL) serves as an independent, non-profit entity with a mission to enhance the quality and safety of fireworks available in the United States marketplace. This organization's primary objective is to establish and uphold safety standards for fireworks, aiming to ensure their responsible use and distribution. By conducting rigorous testing, AFSL works to maintain the integrity of the fireworks industry, ultimately safeguarding the public from potential hazards.
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Impact
July, 2024
American Fireworks Standards Laboratory Inc plays a crucial role in improving the quality and safety of fireworks distributed or used in the U.S. marketplace. By testing fireworks and establishing safety standards, this organization contributes significantly to public safety during fireworks displays and events. Their work helps reduce the risk of accidents and injuries associated with fireworks, creating a safer environment for both professionals and enthusiasts in the industry.
This information is meant to be a general summary of American Fireworks Standards Laboratory 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: $14,193
- Program Service Revenue: $4,524,847
- Gross Receipts: $4,539,040
Assets and Liabilities:
- Total Assets: $4,955,575
- Total Liabilities: $353,963
- Net Assets: $4,601,612
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TESTING FEES
Revenue
$4,524,847
Organization Details
Founding Year
1998
Phone
(301) 907-9115Principal Officer
Robert Howell
Main Address
5550 FRIENDSHIP BOULEVARD 420, CHEVY CHASE, MD, 20815
Website
www.afsl.orgNTEE Category
Code: M99 - Public safety
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