SILVER2023

First Responder Benefit Association

A bright light in a dark place for the families of fallen First Responders

GREENVILLE, SC   |  https://www.frba.org
GuideStar Charity Check

First Responder Benefit Association

EIN: 82-2795267

Mission

To serve the families of those who put themselves in harm's way.

Ruling year info

2018

Chairmen of the Board

Joseph Caldwell

Main address

221 PELHAM RD STE 200

GREENVILLE, SC 29615 USA

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EIN

82-2795267

Subject area info

Single parent support

Public safety

Population served info

Families

Single parents

Widows and widowers

Low-income people

Emergency responders

NTEE code info

Fund Raising and/or Fund Distribution (M12)

IRS subsection

501(c)(3) Public Charity

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Tax forms

Show Forms 990

Communication

Blog

Programs and results

What we aim to solve

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Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

100% Giving Model

Each month, an average of 21 First Responders perish in the line of duty. The often-overlooked result of this tragedy is the financial hardship their families face, associated with the loss of their loved one. 100% of the funds donated to First Responder Benefit Association (FRBA) go directly to aiding these grieving families. This is made possible through our founder, First Responder Task Force, who funds 100% of our administrative and operational expenses so that 100% of public donations go directly to aiding the families in need.

Population(s) Served
Families
Widows and widowers
Emergency responders
Economically disadvantaged people

Where we work

Videos

Financials

First Responder Benefit Association
Fiscal year: Jan 01 - Dec 31

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2022 info

SOURCE: IRS Form 990

1438.66

Average of 529.14 over 3 years

Months of cash in 2022 info

SOURCE: IRS Form 990

47

Average of 19.5 over 3 years

Fringe rate in 2022 info

SOURCE: IRS Form 990

0%

Average of 0% over 3 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

First Responder Benefit Association

Revenue & expenses

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

First Responder Benefit Association

Balance sheet

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data

First Responder Benefit Association

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

This snapshot of First Responder Benefit Association’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

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Fiscal year: Jan 01 - Dec 31 picture_as_pdf View full report cloud_downloadDownload data

Business model indicators

Profitability info 2020 2021 2022
Unrestricted surplus (deficit) before depreciation $42,369 -$4,215 $135,938
As % of expenses 60.0% -2.5% 291.5%
Unrestricted surplus (deficit) after depreciation $42,369 -$4,215 $135,938
As % of expenses 60.0% -2.5% 291.5%
Revenue composition info
Total revenue (unrestricted & restricted) $112,987 $166,792 $182,568
Total revenue, % change over prior year 0.0% 47.6% 9.5%
Program services revenue 0.0% 0.0% 0.0%
Membership dues 0.0% 0.0% 0.0%
Investment income 0.2% 0.0% 0.0%
Government grants 0.0% 0.0% 0.0%
All other grants and contributions 99.8% 100.0% 100.0%
Other revenue 0.0% 0.0% 0.0%
Expense composition info
Total expenses before depreciation $70,618 $171,007 $46,630
Total expenses, % change over prior year 0.0% 142.2% -72.7%
Personnel 0.0% 0.0% 0.0%
Professional fees 0.0% 0.8% 2.4%
Occupancy 0.0% 0.0% 0.0%
Interest 0.0% 0.0% 0.0%
Pass-through 74.5% 83.0% 85.8%
All other expenses 25.5% 16.2% 11.9%
Full cost components (estimated) info 2020 2021 2022
Total expenses (after depreciation) $70,618 $171,007 $46,630
One month of savings $5,885 $14,251 $3,886
Debt principal payment $0 $0 $0
Fixed asset additions $0 $0 $0
Total full costs (estimated) $76,503 $185,258 $50,516

Capital structure indicators

Liquidity info 2020 2021 2022
Months of cash 8.8 2.6 47.0
Months of cash and investments 8.8 2.6 47.0
Months of estimated liquid unrestricted net assets 8.6 3.3 47.0
Balance sheet composition info 2020 2021 2022
Cash $51,786 $36,346 $182,710
Investments $0 $0 $0
Receivables $0 $10,807 $0
Gross land, buildings, equipment (LBE) $0 $0 $0
Accumulated depreciation (as a % of LBE) 0.0% 0.0% 0.0%
Liabilities (as a % of assets) 1.8% 1.1% 0.1%
Unrestricted net assets $50,860 $46,645 $182,583
Temporarily restricted net assets N/A N/A N/A
Permanently restricted net assets N/A N/A N/A
Total restricted net assets $0 $0 $0
Total net assets $50,860 $46,645 $182,583

Key data checks

Key data checks info 2020 2021 2022
Material data errors No No No

Operations

The people, governance practices, and partners that make the organization tick.

Documents
Letter of Determination is not available for this organization
Form 1023/1024 is not available for this organization

Chairmen of the Board

Joseph Caldwell

LinkedIn profile

Joseph Caldwell is the Chairman of the Board for the First Responder Benefit Association (FRBA)— a nonprofit headquartered in South Carolina. Having served hundreds of thousands of our nation’s First Responders through his for-profit business over the past 10+ years, he’s witnessed a tragically underserved gap that resulted in the birth of FRBA. What he discovered was that each month, an average of 21 First Responders sacrifice all in the line-of-duty. The result is a double tragedy as their families are often plunged into financial and emotional hardship, with many relying on bake sales and raffles— only to barely keep their heads above water. In 2018, he gathered a team to begin the mission of serving those who put themselves in harm’s way, with the commitment to ensure 100% of the donations made to FRBA go directly to the families of Fallen First Responders. By 2025, his goal is for FRBA to be an immediate source of financial support to 100% of these families.

Number of employees

Source: IRS Form 990

First Responder Benefit Association

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
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First Responder Benefit Association

Board of directors
as of 02/02/2023
SOURCE: Self-reported by organization
Board of directors data
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