Mission and Programs

Mission

Firefighters National Trust’s Mission:
To provide the families of Firefighters killed in the line of duty with
financial assistance through income bridging and education funding,
and to provide emotional support through grief counseling.

Programs

Firefighters National Trust's programs include:

1) Income Bridging
- Provides the children/spouses we serve with immediate, short-term funds to meet basic needs.

2) Scholarships/Grants for Education
- Provides the children/spouses we serve with education funds for college or vocational skills training.

3) Grief Counseling
- Provides the children/spouses we serve with professional counseling sessions to help cope with the loss of a loved one.

Program / Activities (NTEE Code)

Human Service Organizations
Scholarships, Student Financial Aid, Awards

Accomplishments for Fiscal Year Ending 12/31/2002

1. Disbursed over $4 million to families of fallen firefighters/rescue workers for immediate, short-term income bridging.

1. Launch Scholarship/Grant program for children/spouses of firefighters/rescue workers who lost their lives on Sept. 11th, 2001.
2. Design a campaign to build awareness about the ongoing need to support our nation's firefighters/rescue workers.
3. Start our National Income Bridging program. This will provide short term income assistance to the family of a firefighter killed in the line duty. The program is designed to disburse monies to the families within a few days of a loss. The program includes all firefighters killed in this country, either paid or volunteer. The national statistic for firefighters killed in the line of duty is approximately 120 per year.

Mr. Careaga is a former firefighter and police officer. He has worked as a firefighter for over 15 years in Washington State both paid and volunteer. During that time, he was also a reserve police officer for the City of Gig Harbor, Washington for over 7 years. In addition, Mr. Careaga started and managed Harbor Medical, Inc., a successful emergency medical products distribution company. In 1998, Mr. Careaga sold his company to Bound Tree Corporation, a distributor of emergency medical supplies with annual revenues of over $45 million. In June of 2001, Mr. Careaga co-founded Fire Donations.

Financial Data
From the organization's FORM 990

Revenue and Expenses: Fiscal Year Ending June 30, 2005

Revenue			Expenses
Contributions $28,722 Government Grants $0 Program Services $0 Investments $259,109 Special Events $19,919 Sales $0 Other $0			Program Services $2,311,798 Administration $161,407 Other $110,170 Total Expenditures $2,583,375
Total Revenue	$307,750		NET GAIN/LOSS	$(2,275,625)

Balance Sheet: Fiscal Year Ending June 30, 2005

Notes
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 long survive, but the types of assets and liabilities also must 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.

Assets	Jul 1, 2004	Jun 30, 2005	Change
Cash & Equivalent	$2,480,437	$0	$(2,480,437)
Accounts Receivable	$1,000	$0	$(1,000)
Pledges & Grants Receivable	$300	$0	$(300)
Receivables/Other	$0	$0	$0
Inventories for Sale or Use	$0	$0	$0
Investments/Securities	$0	$0	$0
Investments/Other	$0	$0	$0
Fixed Assets	$10,208	$0	$(10,208)
Other	$1,821	$0	$(1,821)
Total Assets	$2,493,766	$0	$(2,493,766)
Liabilities	Jul 1, 2004	Jun 30, 2005	Change
Accounts Payable	$51,930	$0	$(51,930)
Grants Payable	$0	$0	$0
Deferred Revenue	$0	$0	$0
Loans and Notes	$0	$0	$0
Tax-Exempt Bond Liabilities	$0	$0	$0
Other	$0	$0	$0
Total Liabilities	$51,930	$0	$(51,930)
FUND BALANCE	$2,441,836	$0	$(2,441,836)

Comments from the organization
We have an annual independent audit done every year; these financial reports are available upon request. Please check our web-site or call for a copy.

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