Overview
What is Petersham Memorial Library?
The Petersham Memorial Library, located in Petersham, Massachusetts, is a nonprofit organization dedicated to providing free reading and educational materials to the general public. With a small team of three employees, this library serves as a vital resource for the community, offering a wealth of knowledge and opportunities for lifelong learning. The library's mission is to make a wide range of books, magazines, and other educational resources accessible to all, fostering an environment of learning and personal growth.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (Needs Improvement) - Score: 73%
Petersham Memorial Library has received a two-star rating from Charity Navigator, indicating that it needs improvement. With an overall score of 73%, the organization has shown strength in various accountability and finance metrics, including a perfect score for program expense ratio, indicating that all its expenses are directed towards its programs. The organization has also demonstrated solid governance practices, such as having an independent board with a majority of independent members and full documentation of board meeting minutes.
Despite these strengths, the rating suggests that there are areas where the library could enhance its operations and transparency. While the library maintains a strong balance sheet with a liabilities to assets ratio of 0.00%, the overall need for improvement could imply challenges in fundraising or outreach that impact its overall effectiveness. Addressing these weaknesses may help the organization to improve its rating and better serve the community.
This AI summary has been generated from information found on Charity Navigator.
Is Petersham Memorial Library legitimate?
Petersham Memorial Library is a legitimate nonprofit organization registered as a 501(c)(3) entity. Petersham 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: $35,638
For more financial information, click here
What is the mission statement of Petersham Memorial Library?
The Petersham Memorial Library's mission is centered around providing access to free educational resources and reading materials to the public at large. In essence, their primary objective is to make a wide range of reading materials and educational resources readily available to everyone without charge. This mission is carried out through the provision of free educational and reading materials, ensuring that knowledge and literature are within everyone's reach.
Who is the CEO of Petersham Memorial Library?
Bob Bellefeuille is the President of Petersham Memorial Library.
What is the revenue of Petersham Memorial Library?
Petersham Memorial Library's revenue in 2023 was $82,548.
Who are the executives of Petersham Memorial Library and what are their salaries?
The average compensation at Petersham Memorial Library during 2023 was $11,879. There are 3 employees and 5 volunteers at Petersham Memorial Library.
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Where can I find the form 990 for Petersham Memorial Library?
Petersham Memorial Library's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Petersham Memorial Library
Petersham Memorial Library, a renowned institution, is dedicated to providing a wealth of free reading and educational materials to the general public. Its mission is to serve as a beacon of knowledge and learning, making high-quality resources accessible to all, regardless of their financial status. By offering a vast array of books, magazines, newspapers, and educational materials, Petersham Memorial Library empowers individuals to expand their horizons, foster a love for reading, and continuously learn. It is a hub for lifelong learning, where every visitor is invited to explore, discover, and grow.
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Impact
October, 2024
Petersham Memorial Library plays a vital role in the community by providing free access to reading and educational materials for the general public. Its mission focuses on fostering a love for learning and literacy, making resources readily available to all residents of Petersham, Massachusetts.
The library serves as a hub of knowledge, offering a diverse collection of books and educational resources that cater to various age groups and interests. By eliminating financial barriers to access, it ensures that everyone in the community can benefit from the wealth of information available, enhancing educational opportunities and supporting lifelong learning.
Furthermore, the library fosters a sense of community through events and programs that encourage engagement and collaboration. Its commitment to education not only enriches individual lives but also strengthens the social fabric of Petersham, making it an essential pillar supporting both personal and collective growth.
This information is meant to be a general summary of Petersham 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 2023.
- Investment Income: $47,040
- Program Service Revenue: $3,732
- Gross Receipts: $82,548
Assets and Liabilities:
- Total Assets: $1,372,869
- Total Liabilities: $0
- Net Assets: $1,372,869
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Organization Details
Founding Year
1879
Phone
(978) 724-3405Principal Officer
Bob Bellefeuille
Main Address
23 THE COMMON, PETERSHAM, MA, 01366
NTEE Category
Code: B71Z - Education
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