Overview
What is Boothbay Harbor Memorial Library Association?
Boothbay Harbor Memorial Library Association is a nonprofit organization situated at 4 Oak Street, Boothbay Harbor, Maine. Their primary mission is to establish a welcoming environment that encourages individuals to delve into new ideas, foster community, and nurture personal development through the provision of resources. This is achieved by operating a free public library, offering open access to tools for learning, dreaming, connecting, and doing. With a dedicated workforce of six employees, the association strives to create an inclusive space that empowers people to grow and engage with their community.
Official website here: www.bbhlibrary.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 91% (Four-Star out of Four Stars)
The Boothbay Harbor Memorial Library Association has received a commendable Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. The organization scored 90% in Accountability & Finance and a perfect 100% in Leadership & Adaptability. These scores reflect strong governance practices, with an entirely independent board and no reported material diversions of assets, demonstrating a commitment to ethical stewardship.
The library's financial efficiency is highlighted by a program expense ratio of 94.49%, indicating that the vast majority of its expenses are directed towards its programs rather than administrative costs. This focus on programmatic spending allows the library to effectively serve the community, further underscored by its comprehensive policies on document retention, whistleblowing, and transparent reporting of board meeting minutes.
Despite these strengths, potential donors and supporters should remain aware of the inherent challenges faced by nonprofits, such as maintaining engagement and adapting to evolving community needs. Overall, the Boothbay Harbor Memorial Library Association exemplifies strong leadership and effective financial practices, positioning it well for continued success in serving its community.
This AI summary has been generated from information found on Charity Navigator.
Is Boothbay Harbor Memorial Library Association legitimate?
Boothbay Harbor Memorial Library Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Boothbay Harbor Memorial Library Association 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: $186,725
For more financial information, click here
Official website here: www.bbhlibrary.org
What is the mission statement of Boothbay Harbor Memorial Library Association?
The Boothbay Harbor Memorial Library Association's mission is centered around operating a free public library, serving as a welcoming space that encourages the exploration of ideas, fostering community, and promoting individual growth. This is achieved by providing open access to tools that facilitate learning, dreaming, connecting, and doing. The library aims to create an atmosphere that is inviting and conducive to personal growth, enabling individuals to explore their interests and engage with their community.
Official website here: www.bbhlibrary.org
Who is the CEO of Boothbay Harbor Memorial Library Association?
Marion Coleman is the President of Boothbay Harbor Memorial Library Association.
Official website here: www.bbhlibrary.org
What is the revenue of Boothbay Harbor Memorial Library Association?
Boothbay Harbor Memorial Library Association's revenue in 2022 was $474,748.
Official website here: www.bbhlibrary.org
Who are the executives of Boothbay Harbor Memorial Library Association and what are their salaries?
The average compensation at Boothbay Harbor Memorial Library Association during 2022 was $31,121. There are 6 employees at Boothbay Harbor Memorial Library Association.
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Official website here: www.bbhlibrary.org
Where can I find the form 990 for Boothbay Harbor Memorial Library Association?
Boothbay Harbor Memorial Library Association's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bbhlibrary.org
Learn more at the official website: www.bbhlibrary.org
Mission Statement of Boothbay Harbor Memorial Library Association
The Boothbay Harbor Memorial Library Association is dedicated to establishing a congenial environment where individuals can freely delve into a myriad of ideas, foster a sense of community, and encourage personal development. This is achieved by providing unhindered access to resources that facilitate learning, dreaming, connection, and action. By operating a free public library, this organization aims to serve as a hub for intellectual exploration, community building, and individual growth.
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Impact
July, 2024
Boothbay Harbor Memorial Library Association's impact lies in providing a free and welcoming space for individuals to explore ideas, create community, and nurture personal growth through open access to learning tools. By operating a free public library, the association aims to facilitate learning, dreaming, connecting, and doing for members of the Boothbay Harbor community.
This information is meant to be a general summary of Boothbay Harbor Memorial Library Association. 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: $8,069
- Program Service Revenue: $638
- Gross Receipts: $474,748
Assets and Liabilities:
- Total Assets: $2,760,705
- Total Liabilities: $0
- Net Assets: $2,760,705
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Books
Revenue
$247
Fees & Fines
Revenue
$391
Organization Details
Founding Year
1952
Phone
(207) 633-3112Principal Officer
Marion Coleman
Main Address
4 Oak Street, Boothbay Harbor, ME, 04538
Website
www.bbhlibrary.orgNTEE Category
Code: B71Z - Education
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