Overview
What is The Library Foundation Of Needham Inc?
The Library Foundation of Needham Inc, located at 1139 Highland Ave, Needham, MA 02494, is a nonprofit organization that supplements the town budget for the public library. This supplemental funding enables expanded program offerings, an enriched collection, and the acquisition of special equipment and services. The foundation's mission is to encourage community investment through individual and corporate giving, focusing on library programs and services that are not covered in the town-funded budget. By coordinating fundraising and promotional activities, the foundation aims to increase the endowment and responsibly manage and grow the funds for the betterment of the library and its patrons.
Official website here: www.lfnonline.org
Is The Library Foundation Of Needham Inc legitimate?
The Library Foundation Of Needham Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Library Foundation Of Needham 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.
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Official website here: www.lfnonline.org
What is the mission statement of The Library Foundation Of Needham Inc?
The Library Foundation of Needham encourages community investment through individual and corporate donations for library programs and services not covered by the town's budget. Their mission involves coordinating fundraising and promotional activities to expand the endowment and responsibly manage and grow the funds. This foundation provides additional funding beyond the town budget, enabling increased program offerings, the expansion of the collection, and the purchase of special equipment and services for the library. By doing so, they aim to enhance the overall library experience and resources available to the public.
Official website here: www.lfnonline.org
What is the revenue of The Library Foundation Of Needham Inc?
The Library Foundation Of Needham Inc's revenue in 2024 was $108,215.
Official website here: www.lfnonline.org
Who are the executives of The Library Foundation Of Needham Inc and what are their salaries?
Here are 12 key members and their salaries:
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Official website here: www.lfnonline.org
Where can I find the form 990 for The Library Foundation Of Needham Inc?
The Library Foundation Of Needham Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.lfnonline.org
Learn more at the official website: www.lfnonline.org
Mission Statement of The Library Foundation Of Needham Inc
The Library Foundation of Needham, a nonprofit organization, encourages community investment through individual and corporate donations. Its primary mission is to supplement the town-funded budget for the public library, providing additional funding for technology, equipment, library materials, and services. This support enables the library to expand its program offerings, enrich its collection, and procure special equipment and services. By coordinating fundraising and promotional activities, the Library Foundation of Needham aims to increase the endowment and responsibly manage and grow the funds, ensuring the library's continued enhancement and growth beyond the town budget.
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Impact
October, 2024
The Library Foundation of Needham Inc significantly enhances the resources available to the Needham Public Library, extending beyond what the town's budget allows. By providing additional funding, it enables the library to expand its collection, increase program offerings, and purchase special equipment and services that enrich the community's access to information and learning. This organization plays a crucial role in fostering community investment through both individual and corporate contributions, which support diverse library programs and services. Furthermore, it effectively manages and grows its endowment, ensuring a sustainable future for library enhancements that benefit the entire community. The Foundation’s initiatives encourage a vibrant cultural and educational environment, making a lasting impact on the quality of services offered at the library.
This information is meant to be a general summary of The Library Foundation Of Needham 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 2024.
- Investment Income: $53,404
- Gross Receipts: $108,215
Assets and Liabilities:
- Total Assets: $1,784,968
- Total Liabilities: $0
- Net Assets: $1,784,968
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Organization Details
Founding Year
2004
Principal Officer
Stephen Shusterman
Website
www.lfnonline.orgNTEE Category
Code: B70 - Education
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