Overview
What is Lenox Library Association?
The Lenox Library Association is a nonprofit organization situated in Lenox, Massachusetts, at 18 Main Street. Despite library operations being transferred to the town of Lenox as of November 9, 2017, the association continues its operations through extensive resources and volunteer fundraising efforts. It provides free access to a vast collection of books, reference materials, periodicals, audio and video catalogues, artifacts, and historical archives, catering to the intellectual, cultural, and informational needs of the broader Lenox community. The association also actively raises funds to support new library resources and programs and makes financial contributions to the town for this purpose. Notably, their programs include general library support, youth programs, and Tanglewood Talks (Judkin), serving 45,176, 2,475, and 566 clients respectively in FY22. The organization's mission is to promote the intellectual, cultural, and informational well-being and growth of the community by supporting a public library and engaging in similar causes.
Official website here: www.lenoxlib.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 57%, One-Star out of Four Stars
The Lenox Library Association has received a One-Star rating from Charity Navigator, primarily due to its low overall score of 57%. This rating is based entirely on a single beacon score reflecting Accountability & Finance. While the organization demonstrates strong governance features, such as having a majority independent board and comprehensive policies in place, its financial ratios indicate significant concerns.
Strengths highlighted include 100% independent board members and adherence to several accountability practices. The library association has implemented policies regarding conflicts of interest and document retention, which are positive indicators of organizational governance. However, despite these strengths, the financial health of the organization raises red flags, particularly with a program expense ratio of only 47.29%, suggesting that less than half of its spending goes directly to its programs.
Additionally, the organization has scored poorly on its liabilities to assets ratio, which is only 0.10%. The absence of the tax form on the nonprofit's website, as required, further detracts from its accountability metrics. Overall, while there are strong governance elements in place at the Lenox Library Association, its financial practices and transparency issues warrant careful consideration for potential donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Lenox Library Association legitimate?
Lenox Library Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lenox Library Association 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: $79,384
For more financial information, click here
Official website here: www.lenoxlib.org
What is the mission statement of Lenox Library Association?
The Lenox Library Association's mission is to support a public library and related activities, promoting the intellectual, cultural, and informational well-being and growth of the community. They engage in various causes and objectives that align with this goal. Utilizing its resources and volunteer efforts, the association continues to support the library and its activities, even after library operations were transferred to the Town of Lenox in 2017. The association provides free access to a wide range of resources, including books, reference materials, periodicals, audio and video catalogues, artifacts, and historical archives, catering to the intellectual, cultural, and informational needs of the community. The association also raises funds to ensure new library resources and programs and makes fixed support payments towards this end. Some of their programs include general support for the library, youth programs, and Tanglewood Talks (Judkin), serving 45,176, 2,475, and 566 clients respectively in FY22.
Official website here: www.lenoxlib.org
Who is the CEO of Lenox Library Association?
Edward Richter is the President of Lenox Library Association.
Official website here: www.lenoxlib.org
What is the revenue of Lenox Library Association?
Lenox Library Association's revenue in 2022 was $458,053.
Official website here: www.lenoxlib.org
Who are the executives of Lenox Library Association and what are their salaries?
The average compensation at Lenox Library Association during 2022 was $39,692. There are 2 employees and 35 volunteers at Lenox Library Association.
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Official website here: www.lenoxlib.org
Where can I find the form 990 for Lenox Library Association?
Lenox Library Association's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lenoxlib.org
Learn more at the official website: www.lenoxlib.org
Mission Statement of Lenox Library Association
The Lenox Library Association, in its mission, aims to support a public library and related activities, as well as engage in causes or objectives that promote the intellectual, cultural, and informational well-being and growth of the general community and its members. By utilizing its extensive resources and volunteer fundraising efforts, the association continues to support the organization and its activities even after library operations were transferred to the Town of Lenox in 2017. The association serves library patrons of all ages, offering free access to a collection of books, reference materials, periodicals, audio and video catalogues, artifacts, and historical archives. These resources are utilized to enrich the intellectual, cultural, and informational needs and wants of the broader Lenox community. In addition, the association actively raises money to ensure new library resources and programs and makes fixed support payments to the town towards this end. The association's programs, such as general support for the library, youth programs, and Tanglewood Talks (Judkin), served 45,176, 2,475, and 566 clients respectively in FY22.
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Impact
July, 2024
The Lenox Library Association, despite transferring library operations to the town of Lenox in 2017, continues to have a significant impact by leveraging its extensive resources and volunteer fundraising efforts to support the organization and its related activities. This association plays a vital role in serving library patrons of all ages through free access to a diverse collection of books, reference materials, periodicals, audio and video catalogues, artifacts, and historical archives. These resources collectively enrich the intellectual, cultural, and informational needs of the greater Lenox community.
Moreover, the Lenox Library Association actively raises funds to ensure new library resources and programs are accessible to the community. With programs such as general support for the library, youth programs, and Tanglewood Talks, the association reaches a substantial number of clients, demonstrating its commitment to promoting educational, cultural, and informational growth within the community.
This information is meant to be a general summary of Lenox Library Association. 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: $134,090
- Program Service Revenue: $4,744
- Gross Receipts: $618,948
Assets and Liabilities:
- Total Assets: $4,205,664
- Total Liabilities: $4,556
- Net Assets: $4,201,108
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SALE OF BOOKS & PHOTOS
Revenue
$3,789
SALE OF RELATED ITEMS
Revenue
$491
FEES FOR OVERDUE BOOKS
Revenue
$464
Organization Details
Founding Year
1856
Phone
(413) 637-0197Principal Officer
Edward Richter
Main Address
18 MAIN STREET, LENOX, MA, 01240
Website
www.lenoxlib.orgNTEE Category
Code: B700 - Education
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