Overview
What is Richards Free Library?
Richards Free Library is a nonprofit institution situated in Newport, New Hampshire, specifically at 58 North Main Street, 03773. Its primary mission is to aid individuals in their pursuit of trustworthy information, self-education, expanded comprehension, and intellectual delight. This is accomplished by offering an array of resources, services, and programs. The library serves as a hub for the assembly of people and ideas, aiming to enrich both the individuals and the community. Additionally, the Library Arts Center within Richards Free Library functions as a regional cultural and arts center, allowing residents and visitors to observe, learn, and participate in various artistic activities. Established in 1967, the library houses a team of 20 dedicated employees.
Official website here: www.newport.lib
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77%, Three-Star out of Four Star rating.
Richards Free Library has received a Three-Star rating from Charity Navigator, reflecting an overall score of 77%. This rating is based solely on a comprehensive evaluation of the organization's accountability and financial health, indicating a strong commitment to transparency and responsible management of resources.
The library exhibits several strengths, such as having a fully independent board with 100% of its members meeting this criterion. Additionally, there are no reported material diversions of assets, and the library has implemented robust policies regarding conflicts of interest and document retention. Their effective allocation of resources is evident, with a program expense ratio of 86.99%, suggesting that a significant portion of funds is directed towards fulfilling their mission.
While the organization shows commendable financial practices, the single beacon score means that there is limited insight into other areas like impact and service delivery. Despite this limitation, the library's strong financial accountability and governance practices are positive indicators of its operational integrity.
This AI summary has been generated from information found on Charity Navigator.
Is Richards Free Library legitimate?
Richards Free Library is a legitimate nonprofit organization registered as a 501(c)(3) entity. Richards Free 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: $360,349
For more financial information, click here
Official website here: www.newport.lib
What is the mission statement of Richards Free Library?
The Richards Free Library's mission is to aid individuals in their pursuit of reliable information, self-education, enhanced understanding, and intellectual enjoyment. This is achieved by offering a wide range of materials, services, and programs. The library also serves as a venue for the assembly of people and ideas, aiming to enrich both the individuals and the community. The library's Arts Center, functioning as a regional cultural and arts center, allows residents and visitors to observe, study, and participate in the arts, having served its community since 1967.
Official website here: www.newport.lib
What is the revenue of Richards Free Library?
Richards Free Library's revenue in 2023 was $907,654.
Official website here: www.newport.lib
Who are the executives of Richards Free Library and what are their salaries?
The average compensation at Richards Free Library during 2023 was $18,017. There are 20 employees at Richards Free Library.
Here are 9 key members and their salaries:
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Official website here: www.newport.lib
Where can I find the form 990 for Richards Free Library?
Richards Free Library's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.newport.lib
Learn more at the official website: www.newport.lib
Mission Statement of Richards Free Library
Richards Free Library, a respected institution, is dedicated to assisting individuals in their quest for reliable information, self-education, enhanced understanding, and intellectual enjoyment. It achieves this goal by offering a diverse range of materials, services, and programs. The library serves as a platform for the assembly of people and ideas, aiming to enrich both the individuals and the community.
Beyond providing resources for information, Richards Free Library also acts as a hub for cultural and artistic activities. The Library Arts Center, which is affiliated with the library, serves as a regional cultural and arts center. Here, residents and visitors can observe, study, and participate in the arts. This center has been an integral part of the community since its inception in 1967.
In essence, Richards Free Library's mission is to foster an environment that promotes learning, creativity, and community engagement by making reliable information, self-educational resources, and artistic experiences readily available to all.
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Impact
July, 2024
Richards Free Library plays a vital role in assisting people in their search for reliable information, self-education, greater understanding, and intellectual enjoyment. Through a range of materials, services, and programs, the library serves as a hub for the community to gather, enrich themselves, and exchange ideas. Additionally, the Library Arts Center, a regional cultural and arts center associated with Richards Free Library, provides residents and visitors with opportunities to observe, study, and participate in the arts. Since 1967, Richards Free Library has been a cornerstone of the community in Newport, NH, fulfilling its mission of fostering education and cultural enrichment.
This information is meant to be a general summary of Richards Free 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: $83,083
- Program Service Revenue: $76,596
- Gross Receipts: $976,187
Assets and Liabilities:
- Total Assets: $2,805,907
- Total Liabilities: $0
- Net Assets: $2,805,907
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LIBRARY AND ARTS CENTE
Revenue
$76,596
Organization Details
Founding Year
1888
Principal Officer
Nancy Wilmot
Website
www.newport.libNTEE Category
Code: B71Z - Education
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