Overview
What is Bound Brook Fire Department Foundation Inc?
The Bound Brook Fire Department Foundation Inc is a charitable organization situated in Bound Brook, whose primary mission is to support the various fire companies that make up the Bound Brook Fire Department. They engage in various non-profit activities, primarily focusing on fundraising efforts to ensure the well-being and operation of these fire companies. The Foundation serves as a critical partner, contributing to the overall strength and resilience of the local fire department.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 33% (Zero-Star out of Four Stars)
The Bound Brook Fire Department Foundation Inc has received a low rating of 33% from Charity Navigator, reflecting significant concerns in accountability and financial practices. The overall score is derived solely from the Accountability & Finance category, which has shown substantial weaknesses, particularly in transparency and policy adherence.
The organization demonstrates strong governance with 85% independent board members and no material diversion of assets. However, it falls short in crucial areas, such as lacking a website listed on its tax form and missing several essential policies, including conflict of interest and whistleblower policies. These omissions have heavily impacted its overall rating.
Another area of concern is its financial efficiency, with a program expense ratio of only 19.92%, indicating that a minimal portion of its expenditures is directed towards its programs. This raises questions about the effectiveness of its spending and the impact it may have on the community it serves. Overall, while there are strengths in governance, the organization must address its transparency and financial management to improve its standing.
This AI summary has been generated from information found on Charity Navigator.
Is Bound Brook Fire Department Foundation Inc legitimate?
Bound Brook Fire Department Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bound Brook Fire Department Foundation 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: $1,800
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Bound Brook Fire Department Foundation Inc?
The Bound Brook Fire Department Foundation Inc's mission is centered around coordinating various non-profit activities. A significant part of their mission involves raising funds for the fire companies that make up the Bound Brook Fire Department. By doing so, they aim to support these fire companies financially, ensuring they can continue their vital services effectively. The organization's activities are geared towards strengthening these fire companies and enhancing their ability to protect and serve their communities.
Who is the CEO of Bound Brook Fire Department Foundation Inc?
George Seabolt Jr is the President of Bound Brook Fire Department Foundation Inc.
What is the revenue of Bound Brook Fire Department Foundation Inc?
Bound Brook Fire Department Foundation Inc's revenue in 2022 was $33,353.
Who are the executives of Bound Brook Fire Department Foundation Inc and what are their salaries?
Here are 7 key members and their salaries:
- Compensation: $1,200
- Related: $0
- Other: $0
- Compensation: $600
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Bound Brook Fire Department Foundation Inc?
Bound Brook Fire Department Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Bound Brook Fire Department Foundation Inc
The Bound Brook Fire Department Foundation Inc plays a crucial role in coordinating various non-profit activities. Their primary mission is to raise funds for the fire companies that make up the Bound Brook Fire Department. This non-profit organization works tirelessly to support the fire departments in their endeavors, ensuring they have the necessary resources to carry out their vital duties effectively. By coordinating these fundraising efforts, the Bound Brook Fire Department Foundation Inc contributes significantly to the overall safety and well-being of the community.
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Impact
August, 2024
The Bound Brook Fire Department Foundation Inc plays a crucial role in supporting the public safety efforts of the Bound Brook Fire Department by coordinating non-profit activities and fundraising for the fire companies within the department. Their impact is evident in the financial support they provide, which ensures that the fire department has the necessary resources to respond effectively to emergencies and protect the community. Through their efforts, the foundation contributes to enhancing the overall safety and well-being of the residents of Bound Brook, New Jersey.
This information is meant to be a general summary of Bound Brook Fire Department Foundation 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: $17
- Gross Receipts: $82,490
Assets and Liabilities:
- Total Assets: $36,422
- Total Liabilities: $0
- Net Assets: $36,422
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Organization Details
Founding Year
2021
Principal Officer
George Seabolt Jr
Main Address
PO BOX 293, BOUND BROOK, NJ, 08805
NTEE Category
Code: M12 - Public safety
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