Overview
What is Steep Falls Library?
Steep Falls Library is a nonprofit organization situated in Steep Falls, Maine. With a dedicated team of one employee, their primary mission is to serve the local community by providing an array of library books and essential services. The library extends its reach beyond Steep Falls, catering to the needs of surrounding communities as well. Their objective is to foster a love for reading and knowledge among the residents, contributing positively to their intellectual growth.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 33% (Zero-Star out of Four Stars)
Steep Falls Library has received a low rating of 33%, indicating significant concerns regarding its accountability and financial management. Although the organization excels in having a fully independent board with no material diversion of assets, it lacks essential policies such as conflict of interest, whistleblower protections, and proper document retention. These missing policies contribute to its overall poor score and raise questions about governance practices.
The library's financial metrics show a program expense ratio of 35.78%, which suggests limited investments in program-related activities relative to total expenses. Additionally, the liabilities to assets ratio stands at 31.21%, indicating potential financial vulnerability. The absence of critical documents like tax forms on their website further compounds these issues, as transparency is a key factor in donor trust and community engagement.
While the organization benefits from strong board independence, the lack of necessary operational policies and transparency measures significantly detracts from its credibility. To improve its standing, Steep Falls Library could focus on implementing missing policies and enhancing its financial reporting practices.
This AI summary has been generated from information found on Charity Navigator.
Is Steep Falls Library legitimate?
Steep Falls Library is a legitimate nonprofit organization registered as a 501(c)(3) entity. Steep Falls Library 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: $28,080
For more financial information, click here
What is the mission statement of Steep Falls Library?
The Steep Falls Library is committed to serving the residents of Steep Falls, Maine, and surrounding communities. Their mission is to provide a wide range of library books and services, aiming to cater to the informational, educational, and entertainment needs of the community members. By offering these resources, the library plays a vital role in fostering a love for reading and lifelong learning among its patrons. Additionally, the library may also host events, programs, or workshops to engage and enrich the community, further reinforcing its dedication to the well-being and knowledge of its users.
What is the revenue of Steep Falls Library?
Steep Falls Library's revenue in 2024 was $60,483.
Who are the executives of Steep Falls Library and what are their salaries?
The average compensation at Steep Falls Library during 2024 was $28,080. There is 1 employee at Steep Falls Library.
Here are 10 key members and their salaries:
- Compensation: $28,080
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Where can I find the form 990 for Steep Falls Library?
Steep Falls Library's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Steep Falls Library
Steep Falls Library, as a nonprofit organization, is dedicated to serving the residents of Steep Falls, Maine, and the surrounding communities. Its primary mission is to provide an extensive collection of books and various library services. This commitment extends beyond the library's doors, reaching out to the wider community to ensure everyone has access to knowledge and resources. The library's activities are geared towards fostering a love for reading and learning, promoting literacy, and facilitating personal growth and development for all its patrons.
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Impact
August, 2024
The Steep Falls Library plays a crucial role in providing access to library books and services for the residents of Steep Falls, Maine, and surrounding communities. It serves as a hub for educational resources, reading materials, and community engagement. The library plays a vital role in promoting literacy, lifelong learning, and overall intellectual enrichment for individuals of all ages. Its impact extends beyond the physical space, fostering a sense of community and connection among local residents through various programs and services. Through its dedication to providing access to information and resources, the Steep Falls Library contributes significantly to the cultural and educational development of the community it serves.
This information is meant to be a general summary of Steep Falls Library. 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 2024.
- Investment Income: $10,562
- Gross Receipts: $74,267
Assets and Liabilities:
- Total Assets: $617,496
- Total Liabilities: $192,744
- Net Assets: $424,752
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Organization Details
Founding Year
1917
Principal Officer
Paula Paul
NTEE Category
Code: B70 - Education
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