Overview
What is Bennington Free Library?
The Bennington Free Library is a public institution located at 101 Silver Street, Bennington, VT 05201. Established to cater to the residents of Bennington, Shaftsbury, Woodford, Pownal, and Arlington, Vermont, this nonprofit organization offers a variety of materials and services to meet the educational, informational, cultural, and recreational needs of the community. With a dedicated workforce of 25 individuals, the Bennington Free Library serves as a vital resource center, fostering learning, knowledge sharing, and community engagement.
Official website here: www.benningtonfreelibrary.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84% (Three-Star out of Four Stars)
The Bennington Free Library has received an 84% rating from Charity Navigator, indicating a solid level of accountability and financial health. This score is derived exclusively from their Accountability & Finance metrics. The library has demonstrated strong governance practices, notably with 100% of its board members being independent, which enhances its operational integrity.
The library's financial management is commendable, showcasing a low liabilities-to-assets ratio of just 0.12%, which suggests strong financial stability. Additionally, a significant portion of their expenses, approximately 80.66%, is directed toward programs, reflecting a commitment to its mission and community impact.
However, the organization does have some areas for improvement, particularly concerning their governance policies. They are noted to be missing a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy, which could enhance their transparency and accountability further. Overall, the Bennington Free Library remains a reliable nonprofit with many strengths, despite these gaps.
This AI summary has been generated from information found on Charity Navigator.
Is Bennington Free Library legitimate?
Bennington Free Library is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bennington 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: $93,432
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.benningtonfreelibrary.org
What is the mission statement of Bennington Free Library?
The Bennington Free Library's mission is centered around meeting the diverse needs of its community. It offers a range of educational, informational, cultural, and recreational materials and services. By doing so, the library aims to support the intellectual growth, curiosity, and leisure interests of individuals across various age groups. The library's activities are geared towards enriching the community's knowledge base, fostering a love for learning, and promoting cultural exchange. It serves residents of Bennington, Shaftsbury, Woodford, Pownal, and Arlington, Vermont.
Official website here: www.benningtonfreelibrary.org
Who is the CEO of Bennington Free Library?
Lynne Fonteneau-Mccann is the Library Direct. of Bennington Free Library.
Official website here: www.benningtonfreelibrary.org
What is the revenue of Bennington Free Library?
Bennington Free Library's revenue in 2023 was $745,695.
Official website here: www.benningtonfreelibrary.org
Who are the executives of Bennington Free Library and what are their salaries?
The average compensation at Bennington Free Library during 2023 was $3,737. There are 25 employees and 101 volunteers at Bennington Free Library.
Here are 10 key members and their salaries:
- Compensation: $74,254
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Official website here: www.benningtonfreelibrary.org
Where can I find the form 990 for Bennington Free Library?
Bennington Free Library's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.benningtonfreelibrary.org
Learn more at the official website: www.benningtonfreelibrary.org
Mission Statement of Bennington Free Library
The Bennington Free Library, a vital community resource, is dedicated to fulfilling the educational, informational, cultural, and recreational needs of its patrons. Through its extensive collection of materials and services, the library aims to cater to individuals of all ages, providing them with a wealth of resources that can enrich their lives and broaden their horizons. The library's mission is to serve as a hub of learning and discovery, fostering a love for knowledge and encouraging lifelong learning among its users. By offering a diverse range of materials and services, the Bennington Free Library strives to enrich the community and contribute to its overall well-being.
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Impact
July, 2024
The Bennington Free Library plays a vital role in providing educational, informational, cultural, and recreational resources to the residents of Bennington, Shaftsbury, Woodford, Pownal, and Arlington in Vermont. By offering a wide range of materials and services, the library serves community members of all ages, fostering a love of learning and supporting personal growth. Through its mission to meet the diverse needs of the community, the Bennington Free Library contributes significantly to enhancing the quality of life for individuals and families in the area.
This information is meant to be a general summary of Bennington 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: $8,269
- Program Service Revenue: $1,210
- Gross Receipts: $932,350
Assets and Liabilities:
- Total Assets: $1,136,361
- Total Liabilities: $1,378
- Net Assets: $1,134,983
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BOOK RENTALS & LATE FEE
Revenue
$5
NONRESIDENT FEES
Revenue
$1,205
Organization Details
Founding Year
1865
Phone
(802) 442-9051Principal Officer
Lynne Fonteneau-Mccann
Main Address
101 SILVER STREET, BENNINGTON, VT, 05201
NTEE Category
Code: B71Z - Education
If you are a representative of Bennington Free Library and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.