Overview
What is Old Colony Library Network Inc?
Old Colony Library Network Inc is a cooperative of 28 libraries situated on Massachusetts' South Shore. This network comprises 26 town and city libraries as well as two academic institutions. The collaborative nature of the organization enables its member libraries to offer services that they might not be able to afford independently. Old Colony Library Network Inc's shared automated system grants its users access to an extensive collection of over one million titles, including books, videos, compact discs, and magazines. The organization's primary mission is to facilitate the establishment and operation of an automated resource-sharing network among libraries in Boston's South Shore, Massachusetts, thereby promoting educational resources and knowledge sharing within the community. The organization employs a total of 6 individuals.
Official website here: www.ocln.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96%, Four-Star out of Four Star rating.
Old Colony Library Network Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization scored 96% in this category, indicating a robust commitment to transparent financial practices and governance. This rating is particularly significant as it underscores the organization's dedication to responsible management of resources, ensuring that funds are utilized effectively for their mission.
The organization excels in several key areas, including independent board governance, with 100% of its board members being independent. Furthermore, it has demonstrated exemplary oversight in financial matters, receiving perfect scores in various audit and oversight metrics. The low liabilities to assets ratio of 6.89% and a high program expense ratio of 88.09% indicate a strong focus on programmatic activities, ensuring that a large portion of its resources is directed towards fulfilling its mission.
While the ratings reflect a strong operational foundation, there are no notable limitations mentioned in the feedback. Overall, the Old Colony Library Network Inc stands out as a well-managed nonprofit, committed to accountability, transparency, and effective service delivery.
This AI summary has been generated from information found on Charity Navigator.
Is Old Colony Library Network Inc legitimate?
Old Colony Library Network Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Old Colony Library Network 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: $509,939
For more financial information, click here
Official website here: www.ocln.org
What is the mission statement of Old Colony Library Network Inc?
The Old Colony Library Network Inc's mission is centered around facilitating the establishment and operation of an automated resource-sharing network among libraries. This network is aimed at libraries located on the South Shore of Massachusetts. The organization's primary goal is to enable member libraries, which include 26 town and city libraries and 2 academic libraries, to provide services beyond their individual capabilities due to its cooperative nature. By doing so, the shared automation system allows users of these libraries to access over one million titles, including books, videos, compact discs, and magazines.
Official website here: www.ocln.org
Who is the CEO of Old Colony Library Network Inc?
Linda Harper is the Vice President of Old Colony Library Network Inc.
Official website here: www.ocln.org
What is the revenue of Old Colony Library Network Inc?
Old Colony Library Network Inc's revenue in 2022 was $1,294,021.
Official website here: www.ocln.org
Who are the executives of Old Colony Library Network Inc and what are their salaries?
The average compensation at Old Colony Library Network Inc during 2022 was $84,990. There are 6 employees at Old Colony Library Network Inc.
Here are 11 key members and their salaries:
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- Compensation: $125,851
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- Compensation: $103,410
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- Other: $11,649
Official website here: www.ocln.org
Where can I find the form 990 for Old Colony Library Network Inc?
Old Colony Library Network Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ocln.org
Learn more at the official website: www.ocln.org
Mission Statement of Old Colony Library Network Inc
Old Colony Library Network, Inc., a cooperative of 28 libraries located on the South Shore of Massachusetts, has a mission to facilitate the establishment and operation of an automated resource-sharing network. This network allows member libraries, which include 26 town and city libraries and two academic libraries, to provide services beyond their individual budgets. By joining forces, Old Colony Library Network enables its members to offer their users access to over one million titles, ranging from books and videos to compact discs and magazines. This collaborative approach ensures that residents in the region have access to a wide variety of resources, enhancing their overall educational experience.
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Impact
July, 2024
Old Colony Library Network Inc plays a crucial role in facilitating the establishment and operation of an automated resource-sharing network of libraries on the South Shore of Boston, Massachusetts. By bringing together 28 member libraries, including town and city libraries as well as academic institutions, the organization enables its members to provide a wide range of services that they would not be able to afford individually. Through its shared automation system, Old Colony Library Network Inc offers users access to over one million titles, including books, videos, compact discs, and magazines. This collaborative approach enhances the educational resources available to the community and promotes a culture of learning and knowledge-sharing among its members.
This information is meant to be a general summary of Old Colony Library Network 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: $56,662
- Program Service Revenue: $879,028
- Gross Receipts: $1,747,140
Assets and Liabilities:
- Total Assets: $1,868,112
- Total Liabilities: $50,240
- Net Assets: $1,817,872
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERS FEES
Revenue
$879,028
Organization Details
Founding Year
1985
Phone
(781) 794-2513Principal Officer
Linda Harper
Main Address
25 BRAINTREE HILL PARK 200, BRAINTREE, MA, 02184
Website
www.ocln.orgNTEE Category
Code: B70 - Education
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