Overview
What is Concord Free Public Library Corporation?
The Concord Free Public Library Corporation is a nonprofit organization situated in Concord, Massachusetts. Its primary mission is to manage and maintain public library buildings in the area, including special collections. The corporation underwent a significant construction and renovation project, which included the addition of a new children's library, a connector building with a periodical room, the transformation of the original children's room into the Goodwin Forum, and the incorporation of 151 Main Street into various library uses. The organization also provides various support services and maintains the library's circulating collection by purchasing books and media. The Concord Free Public Library Corporation, with a team of just two dedicated employees, strives to enrich the community through educational resources and services.
Official website here: www.concordlibrary.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 84%, Three-Star out of Four Star rating.
The Concord Free Public Library Corporation has received a solid Three-Star rating, reflecting its strong performance in accountability and finance. With a score of 84% in this area, the organization demonstrates effective governance and transparency, highlighted by having an entirely independent board and a robust system of financial oversight. The library's financial health appears stable, with a low liabilities-to-assets ratio, indicating sound fiscal management.
The organization excels in several key areas, earning full marks for its independent board composition, financial auditing processes, and adherence to policies regarding material asset diversion and conflict of interest. The library also maintains transparency by ensuring its tax forms and board meeting minutes are readily available on its website. However, the absence of a whistleblower policy does present a minor concern, as this could affect the organization's ability to address internal issues effectively.
Despite its strengths, the library's program expense ratio of 67.05% suggests that there may be room for improvement in allocating resources towards its programs. Overall, the Concord Free Public Library Corporation demonstrates a commitment to financial accountability and governance, making it a trustworthy nonprofit within its community.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Concord Free Public Library Corporation?
84% of the 9 reviewers on Facebook recommend the Concord Free Public Library Corporation. Here’s a summary of their insights:
Many reviewers appreciate the library's innovative approach to integrating art with subjects like math and science, highlighting its role in enhancing the learning experience. One specific comment expressed admiration for a particular program, suggesting that the library is dedicated to fostering creativity and critical thinking among its patrons.
Despite the overall positive sentiment, there is at least one voice of dissent, indicating that not everyone's experience aligns with the majority. Nevertheless, the general impression points to a community service that aims to enrich educational opportunities through engaging and diverse programming.
This AI summary has been generated from reviews found on Facebook.
Is Concord Free Public Library Corporation legitimate?
Concord Free Public Library Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Concord Free Public Library Corporation 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: $92,953
For more financial information, click here
Official website here: www.concordlibrary.org
What is the mission statement of Concord Free Public Library Corporation?
The Concord Free Public Library Corporation's mission is centered around maintaining public library buildings and special collections, as well as providing various support services. This mission includes overseeing a significant construction and renovation project, which resulted in a new children's library, a connector building for periodicals, and the transformation of the original children's room into the Goodwin Forum. Additionally, the corporation incorporates 151 Main Street into various library uses and manages building and grounds maintenance, equipment and furniture purchases, and book acquisitions for the library's circulating collection.
Official website here: www.concordlibrary.org
Who is the CEO of Concord Free Public Library Corporation?
Sherry F Litwack is the President of Concord Free Public Library Corporation.
Official website here: www.concordlibrary.org
What is the revenue of Concord Free Public Library Corporation?
Concord Free Public Library Corporation's revenue in 2022 was $3,420,979.
Official website here: www.concordlibrary.org
Who are the executives of Concord Free Public Library Corporation and what are their salaries?
The average compensation at Concord Free Public Library Corporation during 2022 was $46,476. There are 2 employees at Concord Free Public Library Corporation.
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Official website here: www.concordlibrary.org
Where can I find the form 990 for Concord Free Public Library Corporation?
Concord Free Public Library Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.concordlibrary.org
Learn more at the official website: www.concordlibrary.org
Mission Statement of Concord Free Public Library Corporation
The Concord Free Public Library Corporation, in its mission, is responsible for owning and maintaining public library buildings, as well as special collections within the Concord Free Public Library. Beyond this, the corporation provides various miscellaneous support services to enhance the overall functioning of the library. This mission is evident in their recent large-scale construction and renovation project, which included the establishment of a new children's library, a connector building housing the periodical room, and the transformation of the original children's room into the Goodwin Forum. Furthermore, the incorporation of 151 Main Street into various library uses and substantial related landscaping were all part of this project. Additionally, the corporation ensures building and grounds maintenance, purchases and repairs of equipment and furniture, and purchases of books and media for the Concord Free Public Library's circulating collection.
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Impact
July, 2024
Concord Free Public Library Corporation's impact is significant in providing access to knowledge and resources for the community of Concord, Massachusetts. Through the ownership and maintenance of public library buildings, special collections, and various support services, the organization plays a vital role in promoting education and lifelong learning. The completion of a large construction and renovation project demonstrates their commitment to enhancing library facilities to better serve the needs of residents. By investing in infrastructure, technology, and diverse collections, Concord Free Public Library Corporation contributes to the intellectual and cultural enrichment of the community.
This information is meant to be a general summary of Concord Free Public Library Corporation. 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: $1,849,704
- Program Service Revenue: $5,500
- Gross Receipts: $3,477,601
Assets and Liabilities:
- Total Assets: $34,061,595
- Total Liabilities: $737,345
- Net Assets: $33,324,250
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FEES AND ASSESSMENTS
Revenue
$5,500
Organization Details
Founding Year
1873
Phone
(978) 318-3300Principal Officer
Sherry F Litwack
Main Address
129 MAIN STREET, CONCORD, MA, 017422436
Website
www.concordlibrary.orgNTEE Category
Code: B71Z - Education
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