Overview
What is Dailey Memorial Library?
Dailey Memorial Library, situated in Derby, Vermont, serves as a vital community resource as a free public library. Its primary objective is to provide accessible and free educational materials to all members of its locality, aligning with the ethos of a public library. The library's mission is centered around promoting literacy, knowledge, and lifelong learning, making it an essential hub for the Derby community.
Official website here: www.daileymemoriallibrary.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Zero-Star out of Four Stars (43%)
Dailey Memorial Library has received a Zero-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The organization scored 43%, reflecting issues particularly in its financial management, with a program expense ratio of only 17.32%, which suggests that a small portion of its budget is allocated to its actual programs. Notably, while the library has a fully independent board and has implemented policies on conflicts of interest, it has several critical areas lacking, such as missing whistleblower and document retention policies.
Strengths of the organization include a completely independent board and a well-documented conflict of interest policy. The board size is adequate, and there are no concerns about the diversion of assets. However, the library struggles with transparency and financial health, as evidenced by its liabilities to assets ratio of 0.46%, raising red flags about its financial sustainability.
The absence of essential documents, such as the tax form on its website and policies for whistleblowing and document retention, further diminishes its accountability. For potential donors or stakeholders, these limitations suggest a need for significant improvement in governance and financial practices before contributing to or supporting the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Dailey Memorial Library legitimate?
Dailey Memorial Library is a legitimate nonprofit organization registered as a 501(c)(3) entity. Dailey 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: $49,109
For more financial information, click here
Official website here: www.daileymemoriallibrary.org
What is the mission statement of Dailey Memorial Library?
The Dailey Memorial Library, as a public institution, is committed to providing free access to a wealth of information and resources. Its mission is centered around the belief in the importance of knowledge and learning for all, fostering an environment that encourages reading, research, and personal growth. The library serves as a hub for the community, offering a diverse collection of books, periodicals, digital resources, and programs aimed at engaging and educating its users.
Official website here: www.daileymemoriallibrary.org
Who is the CEO of Dailey Memorial Library?
Meredith Augostoni is the President of Dailey Memorial Library.
Official website here: www.daileymemoriallibrary.org
What is the revenue of Dailey Memorial Library?
Dailey Memorial Library's revenue in 2022 was $108,695.
Official website here: www.daileymemoriallibrary.org
Who are the executives of Dailey Memorial Library and what are their salaries?
The average compensation at Dailey Memorial Library during 2022 was $16,370. There are 3 employees at Dailey Memorial Library.
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Official website here: www.daileymemoriallibrary.org
Where can I find the form 990 for Dailey Memorial Library?
Dailey Memorial Library's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.daileymemoriallibrary.org
Learn more at the official website: www.daileymemoriallibrary.org
Mission Statement of Dailey Memorial Library
The Dailey Memorial Library, as a nonprofit organization, is committed to providing a library service that is accessible to all members of the public free of charge. Its mission, in simple terms, is to serve as a hub for knowledge and information, offering resources for learning, research, and personal growth to anyone who seeks them. The library's primary goal is to promote literacy and education, fostering an environment that encourages curiosity, learning, and intellectual growth. By offering a wide range of books, magazines, newspapers, and digital resources, Dailey Memorial Library empowers individuals to explore their interests, expand their horizons, and engage with the world around them.
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Impact
October, 2024
Dailey Memorial Library serves as a vital resource for the community of Derby, VT, by providing free access to information, education, and cultural resources. Its mission focuses on fostering a love for learning, enhancing literacy, and promoting lifelong education among residents of all ages. The library offers a wide range of programs and services, including access to books, digital resources, workshops, and community events, which help to build a strong, informed, and engaged population. By serving as a gathering place for individuals and families, the library strengthens community ties and supports personal and academic growth. In this way, Dailey Memorial Library has a profound impact on the quality of life in Derby, ensuring that educational opportunities are accessible to everyone.
This information is meant to be a general summary of Dailey 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 2022.
- Gross Receipts: $114,450
Assets and Liabilities:
- Total Assets: $771,305
- Total Liabilities: $6,864
- Net Assets: $764,441
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Organization Details
Founding Year
1957
Principal Officer
Meredith Augostoni
Main Address
101 Junior High Drive, Derby, VT, 05829
NTEE Category
Code: B70 - Education
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