Overview
What is Friends Of The Ipswich Public Library Inc?
Friends of the Ipswich Public Library Inc, based in Ipswich, Massachusetts, serves as a supportive organization for the local library. Their primary mission is to enhance the educational and cultural offerings of the library by providing resources not covered by the library's budget, such as technology, CDs, and DVDs. They aim to benefit all individuals who utilize the library, contributing to its overall mission of providing a rich and diverse collection for the community. The organization's activities align with the promotion of learning and cultural growth within the town of Ipswich.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Star rating)
Friends Of The Ipswich Public Library Inc has earned an 80% score, reflecting a solid performance in the area of Accountability & Finance. This rating is based entirely on a single beacon score, indicating a focus on financial health and governance practices. The organization boasts 100% independent board members, which is a significant strength, as it suggests a commitment to transparency and integrity in decision-making.
The charity has demonstrated strong financial management, with no material diversion of assets and a favorable liabilities to assets ratio of 0.00%. Additionally, the program expense ratio of 75.51% indicates that a substantial portion of its funds is directed towards its programs rather than administrative costs. These factors contribute to a positive assessment of the organization’s operational efficiency.
While the organization shows strong governance and financial practices, the rating does not account for additional factors such as program impact or community feedback. Therefore, while the financial metrics are commendable, potential donors may wish to seek more information on the effectiveness of the programs offered by the charity.
This AI summary has been generated from information found on Charity Navigator.
Is Friends Of The Ipswich Public Library Inc legitimate?
Friends Of The Ipswich Public Library Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of The Ipswich Public Library 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:
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What is the mission statement of Friends Of The Ipswich Public Library Inc?
The mission of Friends Of The Ipswich Public Library Inc is centered around providing support to a public library, specifically in Ipswich, Massachusetts. Their primary goal is to enhance the educational and cultural experiences of library users by providing resources such as technology, CDs, and DVDs. These additional resources are not typically covered by the library's budgets. By doing so, Friends Of The Ipswich Public Library Inc aims to benefit all individuals who utilize the library.
Who is the CEO of Friends Of The Ipswich Public Library Inc?
Mary Stacy is the President of Friends Of The Ipswich Public Library Inc.
What is the revenue of Friends Of The Ipswich Public Library Inc?
Friends Of The Ipswich Public Library Inc's revenue in 2022 was $53,173.
Who are the executives of Friends Of The Ipswich Public Library Inc and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Friends Of The Ipswich Public Library Inc?
Friends Of The Ipswich Public Library Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Friends Of The Ipswich Public Library Inc
Friends of the Ipswich Public Library Inc, a dedicated nonprofit organization, is committed to supporting the Ipswich Public Library in Massachusetts. Their mission, in essence, is to enhance the educational and cultural experiences of library users by providing resources that are not typically funded through the library's budget. This support extends to technology, CDs, and DVDs, ensuring that the library remains equipped to cater to the diverse needs of its patrons. By doing so, Friends of the Ipswich Public Library Inc contributes to the overall betterment of the library, ultimately benefiting every individual who utilizes its services.
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Impact
August, 2024
The Friends Of The Ipswich Public Library Inc has a significant impact on the Ipswich community by providing educational and cultural enrichment opportunities through their support of the Ipswich Public Library. Through their efforts in providing technology, CDs, DVDs, and capital funding, they ensure that the library can offer resources and services that are not covered by the library's budgets. This directly benefits all individuals who use the library, enhancing their access to information, knowledge, and entertainment. The organization plays a crucial role in supporting the mission of the Ipswich Public Library in Massachusetts, ultimately contributing to the community's overall educational development.
This information is meant to be a general summary of Friends Of The Ipswich Public Library 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: $32,101
- Gross Receipts: $196,323
Assets and Liabilities:
- Total Assets: $562,068
- Total Liabilities: $0
- Net Assets: $562,068
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Organization Details
Founding Year
1992
Phone
(978) 356-5190Principal Officer
Mary Stacy
Main Address
PO BOX 157, IPSWICH, MA, 01938
NTEE Category
Code: B70 - Education
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