Overview
What is Falmouth Memorial Library Association?
The Falmouth Memorial Library Association, situated in Falmouth, Maine, is a dedicated nonprofit organization with a mission to enrich the community's quality of life by fostering lifelong learning, providing unrestricted access to information, and encouraging community engagement. With a team of 19 individuals, the association boasts a substantial collection of library materials, serving over 1,000 new borrowers between July 2021 and June 2022. As of June 30, 2022, the collection encompassed 49,386 items, with a total circulation of 122,128. Recognizing the importance of offering comprehensive resources, the library collaborates with other institutions through a cooperative inter-library loan service, lending or borrowing materials as needed. The library is accessible to the community for approximately 47 hours each week.
Official website here: www.falmouthmemoriallibrary.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
The Falmouth Memorial Library Association has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in Accountability & Finance. This high score emphasizes the organization's commitment to transparency and responsible management of its resources, which is crucial for gaining public trust and support.
The library association boasts an entirely independent board, with all eight members meeting the criteria for independence. Additionally, it has implemented robust financial oversight measures, including an audit and oversight committee. The organization's financial health is evidenced by its low liabilities to assets ratio and a high percentage of program expenses, indicating that a significant portion of its budget is directed towards its core mission.
However, while the rating indicates a strong financial standing and governance structure, it is important for potential supporters and patrons to consider the specific programs and services offered by the library association. No specific limitations were noted in the provided data, but ongoing community engagement and responsiveness to user needs could further enhance its impact.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Falmouth Memorial Library Association?
While the Falmouth Memorial Library Association has not yet received an official rating, early reviews highlight a positive user experience. One reviewer expressed appreciation for the staff's helpfulness, particularly in assisting with locating books that may not be readily available in the library's collection.
Excitement is also evident among patrons regarding the upcoming relocation to the newly renovated library set to open in May. This anticipation suggests that community members are optimistic about the enhancements in services and resources expected with the new facility.
Overall, the initial sentiments indicate that users feel supported and engaged with the library, looking forward to the improvements and increased access that the new library will provide.
This AI summary has been generated from reviews found on Facebook.
Is Falmouth Memorial Library Association legitimate?
Falmouth Memorial Library Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Falmouth 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: $76,546
Professional Fundraising Fees: $0
Other Salaries and Wages: $344,725
For more financial information, click here
Official website here: www.falmouthmemoriallibrary.org
What is the mission statement of Falmouth Memorial Library Association?
The Falmouth Memorial Library Association's mission is centered around enhancing the quality of life in the community. They strive to achieve this by encouraging lifelong learning, offering free and open access to information, and fostering community connections. The library provides a wide range of resources, including a high-quality collection of library materials, and caters to a growing number of borrowers, with 1,048 new registrations between July 2021 and June 2022. The library's collection includes 49,386 items, which were borrowed a total of 122,128 times during the same period. When necessary, the library participates in a cooperative inter-library loan service to access materials not available in its collection, with 12,666 items borrowed through this service.
Official website here: www.falmouthmemoriallibrary.org
Who is the CEO of Falmouth Memorial Library Association?
Jenna Mayotte is the President of Falmouth Memorial Library Association.
Official website here: www.falmouthmemoriallibrary.org
What is the revenue of Falmouth Memorial Library Association?
Falmouth Memorial Library Association's revenue in 2022 was $754,960.
Official website here: www.falmouthmemoriallibrary.org
Who are the executives of Falmouth Memorial Library Association and what are their salaries?
The average compensation at Falmouth Memorial Library Association during 2022 was $22,172. There are 19 employees and 20 volunteers at Falmouth Memorial Library Association.
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- Compensation: $76,546
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- Other: $17,150
Official website here: www.falmouthmemoriallibrary.org
Where can I find the form 990 for Falmouth Memorial Library Association?
Falmouth Memorial Library Association's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.falmouthmemoriallibrary.org
Learn more at the official website: www.falmouthmemoriallibrary.org
Mission Statement of Falmouth Memorial Library Association
Falmouth Memorial Library Association, in its mission, aims to enhance the quality of life in its community by inspiring lifelong learning. It achieves this by providing free and open access to information, serving as a hub for knowledge and education. Furthermore, the association fosters community connections, promoting a sense of unity and shared knowledge among its members. By offering a high-quality collection of library materials, the library registered 1,048 new borrowers from July 2021 to June 2022. The collection, which numbered 49,386 items at the end of the same period, was circulated a total of 122,128 times. The library is generally open for 47 hours per week, and for materials not available in its collection, it participates in a cooperative inter-library loan service to borrow items. This mission reflects the library's commitment to serving its community by making information accessible and fostering a love for learning.
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Impact
July, 2024
The Falmouth Memorial Library Association's impact is evident in the enhancement of the quality of life in the community by inspiring lifelong learning, providing free and open access to information, and fostering community connections. The library offers a quality collection of library materials, with 1,048 new borrowers registered from July 2021 to June 2022. The collection numbered 49,386 items, and the library circulated those items 122,128 times during the same period. Additionally, the library participates in a cooperative inter-library loan service to borrow items not available in the collection, with 12,666 items borrowed through this service. These efforts contribute significantly to fulfilling the mission of enhancing community life through education.
This information is meant to be a general summary of Falmouth 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: -$26,213
- Program Service Revenue: $28,671
- Gross Receipts: $787,106
Assets and Liabilities:
- Total Assets: $4,237,276
- Total Liabilities: $45,550
- Net Assets: $4,191,726
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
OVERDUE FEES
Revenue
$7,406
OTHER INCOME
Revenue
$3,268
NON-RESIDENT FEES
Revenue
$9,020
BOOK SALES
Revenue
$8,977
Organization Details
Founding Year
1944
Phone
(207) 781-2351Principal Officer
Jenna Mayotte
Main Address
5 LUNT ROAD, FALMOUTH, ME, 04105
NTEE Category
Code: B71Z - Education
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