Overview
What is Merrill Memorial Library?
Merrill Memorial Library is a nonprofit institution situated at 215 Main Street, Yarmouth, Maine 04096. Its primary mission is to offer free public library services to the residents of Yarmouth, Maine, as well as nearby communities. The library provides a range of resources and facilities, contributing to the educational, informational, and recreational needs of its patrons. This includes books, digital media, research materials, and access to various online databases. By offering these services, Merrill Memorial Library fosters a culture of learning and knowledge-sharing within its community.
Official website here: www.yarmouthlibrary.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 69%)
Merrill Memorial Library has received a Two-Star rating from Charity Navigator, indicating a need for improvement in its accountability and financial practices. The library scored 69% overall, reflecting strong governance with 100% independent board members and no material diversion of assets. However, significant concerns arise from the absence of financial statements and key policies, such as conflict of interest and whistleblower protections.
While the library demonstrates excellent program expense management, with a 100% ratio, the lack of transparency in financial reporting and missing policies raises red flags about its operational practices. The library's liabilities to assets ratio is commendably low at 0.00%, showcasing financial stability in that regard. Nevertheless, the absence of essential documentation and policies may hinder trust and accountability among stakeholders.
To enhance its rating and overall effectiveness, Merrill Memorial Library should prioritize establishing and publishing vital financial documents, as well as implementing missing governance policies. Addressing these areas will not only improve its Charity Navigator score but also strengthen its commitment to transparency and accountability to the community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Merrill Memorial Library legitimate?
Merrill Memorial Library is a legitimate nonprofit organization registered as a 501(c)(3) entity. Merrill Memorial 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: $413,998
For more financial information, click here
Official website here: www.yarmouthlibrary.org
What is the mission statement of Merrill Memorial Library?
The Merrill Memorial Library's mission is centered around providing free public library services. This commitment extends to the community of Yarmouth, Maine, as well as neighboring areas. The library's primary objective is to offer a wide range of resources and services to its patrons, fostering learning, knowledge, and entertainment. The library serves as a vital community hub, providing access to books, digital resources, and other educational materials, thereby promoting literacy and lifelong learning opportunities.
Official website here: www.yarmouthlibrary.org
Who is the CEO of Merrill Memorial Library?
Joan Dollarhite is the President of Merrill Memorial Library.
Official website here: www.yarmouthlibrary.org
What is the revenue of Merrill Memorial Library?
Merrill Memorial Library's revenue in 2023 was $562,708.
Official website here: www.yarmouthlibrary.org
Who are the executives of Merrill Memorial Library and what are their salaries?
Here are 9 key members and their salaries:
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Official website here: www.yarmouthlibrary.org
Where can I find the form 990 for Merrill Memorial Library?
Merrill Memorial Library's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.yarmouthlibrary.org
Learn more at the official website: www.yarmouthlibrary.org
Mission Statement of Merrill Memorial Library
Merrill Memorial Library, a esteemed institution, is dedicated to providing complimentary public library services to the residents of Yarmouth, Maine, and neighboring communities. Its primary mission is to serve as a knowledge hub, offering a wide array of resources and opportunities for learning and engagement. The library's commitment extends beyond the town of Yarmouth, welcoming non-residents to partake in its services. In essence, Merrill Memorial Library strives to foster an inclusive environment where everyone can access and benefit from the power of information.
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Impact
July, 2024
Merrill Memorial Library plays a crucial role in providing free public library services to the town of Yarmouth, Maine, and nearby communities. By offering a wide range of resources, programs, and educational opportunities, the library positively impacts the residents of Yarmouth and surrounding areas. It serves as a hub for learning, discovery, and community engagement, enriching the lives of individuals of all ages. The library's dedication to promoting education and access to information contributes to the intellectual and cultural growth of the community it serves.
This information is meant to be a general summary of Merrill Memorial 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 2023.
- Investment Income: $26,948
- Program Service Revenue: $5,416
- Gross Receipts: $562,708
Assets and Liabilities:
- Total Assets: $4,127,769
- Total Liabilities: $0
- Net Assets: $4,127,769
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NON-RESIDENT FEES
Revenue
$3,390
DUES, FINES AND COPIES
Revenue
$2,026
Organization Details
Founding Year
1905
Principal Officer
Joan Dollarhite
Main Address
215 MAIN STREET, YARMOUTH, ME, 04096
Website
www.yarmouthlibrary.orgNTEE Category
Code: B70 - Education
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