Overview
What is Tenney Memorial Library Inc?
Tenney Memorial Library Inc, situated in Newbury, Vermont, serves as a public library for the local community. With a US address at PO Box 85, this nonprofit organization boasts a diverse collection of over 10,282 books, catering to various age groups including adults, young adults, and children. The library's primary mission is to offer access to a wide range of reading materials in both print and digital formats. Additionally, they provide informative programs and resources to the public, aiming to foster learning and knowledge. Employing a small workforce of two individuals, Tenney Memorial Library Inc strives to create a welcoming and inclusive environment for everyone in the community.
Official website here: www.tenneymemoriallibrary.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 51% (One-Star out of Four Stars)
Tenney Memorial Library Inc has received a One-Star rating from Charity Navigator, indicating significant areas of concern in its accountability and finance practices. The charity's overall score reflects a lack of independent board members and deficiencies in crucial governance policies, which can affect transparency and oversight.
Despite its challenges, the organization demonstrates a solid program expense ratio of 66.20%, showing that a majority of its funds are directed toward its programs. Additionally, there is no material diversion of assets reported, which is a positive sign regarding the management of resources. However, the absence of essential policies such as conflict of interest and whistleblower protections raises red flags about the organization's governance structure.
Overall, while Tenney Memorial Library Inc is successfully allocating a significant portion of its budget to programs, the glaring gaps in board independence and compliance with important operational policies suggest a need for improvement in its governance practices to enhance trust and accountability among stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Tenney Memorial Library Inc legitimate?
Tenney Memorial Library Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tenney Memorial Library Inc 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: $23,921
For more financial information, click here
Official website here: www.tenneymemoriallibrary.org
What is the mission statement of Tenney Memorial Library Inc?
Tenney Memorial Library Inc's mission is centered around operating a public library for its community. The primary focus is to offer access to a diverse range of reading materials, both in print and digital formats. Additionally, they cater to the public's informational needs by providing educational programs. The library aims to create a safe and inclusive environment, ensuring that these resources are accessible to everyone in the community. By doing so, Tenney Memorial Library Inc contributes to fostering knowledge and learning within its community.
Official website here: www.tenneymemoriallibrary.org
Who is the CEO of Tenney Memorial Library Inc?
Thomas Beers is the Director of Tenney Memorial Library Inc.
Official website here: www.tenneymemoriallibrary.org
What is the revenue of Tenney Memorial Library Inc?
Tenney Memorial Library Inc's revenue in 2022 was $56,402.
Official website here: www.tenneymemoriallibrary.org
Who are the executives of Tenney Memorial Library Inc and what are their salaries?
The average compensation at Tenney Memorial Library Inc during 2022 was $11,960. There are 2 employees and 10 volunteers at Tenney Memorial Library Inc.
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Official website here: www.tenneymemoriallibrary.org
Where can I find the form 990 for Tenney Memorial Library Inc?
Tenney Memorial Library Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.tenneymemoriallibrary.org
Learn more at the official website: www.tenneymemoriallibrary.org
Mission Statement of Tenney Memorial Library Inc
Tenney Memorial Library Inc is committed to serving its community by operating a public library. Its primary mission is to provide a diverse range of reading materials, both in print and digital formats, ensuring accessibility for all. This esteemed institution goes beyond simply offering books; it also focuses on providing educational resources and engaging programs for the public. Tenney Memorial Library Inc strives to create a safe and inclusive environment, welcoming everyone in the community to utilize its services and resources. The library's collection includes over 10,282 books, catering to various age groups, with 6,910 adult titles, 378 young adult titles, and 2,994 children's books.
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Impact
August, 2024
Tenney Memorial Library Inc, through its operation as a public library in the town of Newbury, has a significant impact on the community. By providing access to a collection of 10,282 books, including adult, young adult, and children's categories, the library offers vital reading materials to its patrons. Additionally, by offering both print and digital resources, the library accommodates a variety of preferences and technological needs.
Moreover, Tenney Memorial Library Inc serves as a safe and inclusive space for residents of Newbury, promoting literacy, education, and community engagement. Through its mission to provide access to reading materials, internet resources, and educational programming, the library plays a crucial role in supporting lifelong learning and personal enrichment for individuals of all ages.
Overall, the impact of Tenney Memorial Library Inc extends beyond simply providing books; it contributes to the educational development and cultural enrichment of the community, making it a valuable resource for both residents and visitors alike.
This information is meant to be a general summary of Tenney Memorial Library Inc. 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: $15,682
- Gross Receipts: $56,814
Assets and Liabilities:
- Total Assets: $504,789
- Total Liabilities: $3,145
- Net Assets: $501,644
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Organization Details
Founding Year
1896
Phone
(802) 866-3552Principal Officer
Thomas Beers
Main Address
PO Box 85, Newbury, VT, 05051
NTEE Category
Code: B70 - Education
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