Overview
What is Liberty Engine Company No 1 Inc?
Liberty Engine Company No 1 Inc is a nonprofit organization dedicated to preserving and showcasing the history of the fire service. They specialize in restoring, preserving, displaying, and operating antique fire equipment, paraphernalia, memorabilia, photographs, and other related items. This organization plays a significant role in keeping the rich heritage of the fire service alive for future generations. By performing these functions, they contribute to the understanding and appreciation of the fire service's evolution and its impact on communities.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1 Star (53%)
Liberty Engine Company No 1 Inc has received a low rating of 53%, translating to a One-Star out of Four Stars designation primarily due to its Accountability & Finance metrics. The evaluation indicates significant issues, particularly with board independence and governance practices, which are crucial for maintaining transparency and trust with stakeholders.
The organization scored poorly in several key areas, including the lack of independent board members and missing essential policies such as conflict of interest and whistleblower protections. Although the charity shows a strong program expense ratio at 96.01%, signaling that a substantial portion of its funds are directed towards its mission, the absence of governance structures raises concerns about overall accountability.
Despite some positive indicators, such as no material diversion of assets and documented board meeting minutes, the numerous shortcomings in governance policies and practices limit the organization’s overall score. Addressing these issues may be necessary for Liberty Engine Company No 1 Inc to enhance its rating and public trust in its operations.
This AI summary has been generated from information found on Charity Navigator.
Is Liberty Engine Company No 1 Inc legitimate?
Liberty Engine Company No 1 Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Liberty Engine Company No 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $12,129
For more financial information, click here
What is the mission statement of Liberty Engine Company No 1 Inc?
Liberty Engine Company No 1 Inc's mission involves restoring, preserving, displaying, and operating antique fire equipment, related paraphernalia, memorabilia, photographs, and items that tell the story of fire service history. This organization serves to maintain and showcase the rich history of the fire service, ensuring that future generations can appreciate and learn from the past. Through their efforts, they aim to educate and inspire individuals about the evolution of firefighting equipment and techniques over time. The company's activities are focused on preserving the legacy of the fire service, ensuring that its history is not forgotten.
Who is the CEO of Liberty Engine Company No 1 Inc?
Michael Nevin is the Director of Liberty Engine Company No 1 Inc.
What is the revenue of Liberty Engine Company No 1 Inc?
Liberty Engine Company No 1 Inc's revenue in 2022 was $53,164.
Who are the executives of Liberty Engine Company No 1 Inc and what are their salaries?
The average compensation at Liberty Engine Company No 1 Inc during 2022 was $4,043. There are 3 employees and 100 volunteers at Liberty Engine Company No 1 Inc.
Here are 6 key members and their salaries:
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Where can I find the form 990 for Liberty Engine Company No 1 Inc?
Liberty Engine Company No 1 Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Liberty Engine Company No 1 Inc
Liberty Engine Company No 1 Inc is dedicated to preserving and showcasing the rich history of the fire service. Through their mission, they restore, maintain, and exhibit various antique fire equipment, memorabilia, photographs, and related items. This organization serves as a vital repository of fire service history, providing a platform for the public to learn and appreciate the evolution of this essential service over the years. By performing these functions, Liberty Engine Company No 1 Inc plays a significant role in keeping alive the memories and traditions of the fire service, ensuring that future generations can understand and appreciate its significance.
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Impact
August, 2024
Liberty Engine Company No 1 Inc has a significant impact on preserving and showcasing the history of the fire service through the restoration, preservation, display, and operation of antique fire equipment, paraphernalia, memorabilia, photographs, and other items related to fire service history. Their dedication to this mission helps ensure that the rich heritage of firefighting is not forgotten and continues to be appreciated by current and future generations. Their work contributes to honoring the bravery and sacrifice of firefighters throughout history and serves as a valuable educational resource for the community.
This information is meant to be a general summary of Liberty Engine Company No 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: $55
- Gross Receipts: $53,164
Assets and Liabilities:
- Total Assets: $319,426
- Total Liabilities: $1,586
- Net Assets: $317,840
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Organization Details
Founding Year
1979
Principal Officer
Michael Nevin
Main Address
PO BOX 466, VIRGINIA CITY, NV, 894400449
NTEE Category
Code: Z99Z - Unknown
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