Overview
What is Walpole Public Library Endowment Trust?
The Walpole Public Library Endowment Trust is a charitable organization that generously donates funds to bolster the Walpole Public Library. Their primary goal is to preserve and enhance the library's quality and standards, achieving this by funding various programs and initiatives within the library. By doing so, the Trust plays a crucial role in upholding the library's excellence and ensuring its continued success.
Official website here: www.walpolelibrary.org/libraryendowment.asp
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Stars
The Walpole Public Library Endowment Trust has received a 76% rating from Charity Navigator, earning it a Three-Star designation. This rating reflects a strong focus on accountability and finance, indicating sound fiscal practices within the organization. The trust scored particularly well in areas such as having a majority of independent board members, no material diversion of assets, and maintaining a high program expense ratio, which suggests that a significant portion of its resources is directed towards its mission.
Despite its strengths, the organization has a few notable gaps in governance policies. Both a conflict of interest policy and a whistleblower policy are missing, which could raise concerns about transparency and ethical practices. Additionally, the absence of a formal document retention and destruction policy may suggest a need for improved operational protocols.
Overall, while the Walpole Public Library Endowment Trust demonstrates solid financial health and an effective allocation of resources, addressing its governance policy deficiencies would strengthen its accountability and enhance its reputation among stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Walpole Public Library Endowment Trust legitimate?
Walpole Public Library Endowment Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Walpole Public Library Endowment Trust 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: $0
For more financial information, click here
Official website here: www.walpolelibrary.org/libraryendowment.asp
What is the mission statement of Walpole Public Library Endowment Trust?
The Walpole Public Library Endowment Trust's mission is centered around supporting the Walpole Public Library. It aims to contribute funds to help maintain the library's quality and excellence. By providing financial assistance, the trust seeks to enhance the library's programs and services, ultimately contributing to its overall improvement. The trust's objective is to ensure the library continues to serve its community effectively and efficiently.
Official website here: www.walpolelibrary.org/libraryendowment.asp
Who is the CEO of Walpole Public Library Endowment Trust?
Maureen Martin-Smith is the Trustee & Chairperson of Walpole Public Library Endowment Trust.
Official website here: www.walpolelibrary.org/libraryendowment.asp
What is the revenue of Walpole Public Library Endowment Trust?
Walpole Public Library Endowment Trust's revenue in 2023 was $57,173.
Official website here: www.walpolelibrary.org/libraryendowment.asp
Who are the executives of Walpole Public Library Endowment Trust and what are their salaries?
There 5 volunteers at Walpole Public Library Endowment Trust.
Here are 6 key members and their salaries:
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Official website here: www.walpolelibrary.org/libraryendowment.asp
Where can I find the form 990 for Walpole Public Library Endowment Trust?
Walpole Public Library Endowment Trust's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.walpolelibrary.org/libraryendowment.asp
Learn more at the official website: www.walpolelibrary.org/libraryendowment.asp
Mission Statement of Walpole Public Library Endowment Trust
The Walpole Public Library Endowment Trust is an organization dedicated to aiding in the upkeep of the quality and excellence of the Walpole Public Library. This is accomplished by contributing funds to support the library's operations and various programs. The mission of this trust is to ensure the library remains a valuable resource within its community, continuously providing high-quality services and resources. By granting programs at the library, the Walpole Public Library Endowment Trust plays a significant role in preserving the library's reputation and maintaining its commitment to its patrons.
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Impact
August, 2024
The impact of the Walpole Public Library Endowment Trust is profound in ensuring the quality and excellence of the Walpole Public Library. Through its contributions and support, the Trust helps to maintain a high standard of programs and services offered by the library, benefiting the community in WALPOLE, MA. By investing in the library's resources and initiatives, the Trust plays a vital role in promoting education and knowledge-sharing among individuals of all ages.
This information is meant to be a general summary of Walpole Public Library Endowment Trust. 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: $53,942
- Gross Receipts: $78,144
Assets and Liabilities:
- Total Assets: $2,374,973
- Total Liabilities: $0
- Net Assets: $2,374,973
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Organization Details
Founding Year
2001
Phone
(508) 660-7340Principal Officer
Maureen Martin-Smith
Main Address
143 School Street, Walpole, MA, 020812873
NTEE Category
Code: B70 - Education
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