Overview
What is Malden Public Library?
The Malden Public Library, established in 1885, is a non-profit organization situated in Malden, Massachusetts. Its primary objective is to foster a love of reading and encourage lifelong learning among its patrons, extending this opportunity to both local residents and citizens of the state. As a non-profit corporation with partial city support, it is governed by a Board of Trustees. The library's mission is to provide open access to a wide range of information, ensuring that knowledge is readily available to all.
Official website here: www.maldenpubliclibrary.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
The Malden Public Library has achieved an impressive Four-Star rating from Charity Navigator, primarily reflecting its strong commitment to accountability and finance. With a perfect score of 100% for its independent board members and a robust financial oversight structure, the library demonstrates effective governance and transparency in its operations.
One of the library's notable strengths is its high program expense ratio of 72.14%, indicating that a significant portion of its resources is dedicated directly to its programs and services. Additionally, the library has established comprehensive policies, including conflict of interest and whistleblower protections, which further enhance its operational integrity.
While the library's financial health appears solid, with a low liabilities-to-assets ratio of 0.31%, the focus remains on its commitment to maintaining high standards of accountability. Overall, the Malden Public Library serves as a strong example of effective nonprofit management, prioritizing community service while ensuring responsible use of its funds.
This AI summary has been generated from information found on Charity Navigator.
Is Malden Public Library legitimate?
Malden Public Library is a legitimate nonprofit organization registered as a 501(c)(3) entity. Malden Public 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: $18,810
For more financial information, click here
Official website here: www.maldenpubliclibrary.org
What is the mission statement of Malden Public Library?
The Malden Public Library, established in 1885, serves as a non-profit organization with partial city support. Its mission is centered around providing open access to information and fostering a love of reading, encouraging lifelong learning among the residents of Malden and beyond, in Massachusetts. Governed by a Board of Trustees, the library's objective is to empower individuals with knowledge and a passion for learning.
Official website here: www.maldenpubliclibrary.org
Who is the CEO of Malden Public Library?
Frank M Molis is the President of Malden Public Library.
Official website here: www.maldenpubliclibrary.org
What is the revenue of Malden Public Library?
Malden Public Library's revenue in 2023 was $662,301.
Official website here: www.maldenpubliclibrary.org
Who are the executives of Malden Public Library and what are their salaries?
The average compensation at Malden Public Library during 2023 was $3,762. There are 5 employees at Malden Public Library.
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Official website here: www.maldenpubliclibrary.org
Where can I find the form 990 for Malden Public Library?
Malden Public Library's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.maldenpubliclibrary.org
Learn more at the official website: www.maldenpubliclibrary.org
Mission Statement of Malden Public Library
The Malden Public Library, established in 1885, is a non-profit organization with a mission to offer open access to information. This mission is deeply rooted in promoting a love of reading and fostering lifelong learning among its patrons, extending not only to Malden residents but also to citizens of Massachusetts as a whole. The library is governed by a board of trustees and receives partial city support, demonstrating its commitment to serving its community. The Malden Public Library's mission is instrumental in providing a platform for knowledge acquisition and personal growth, encouraging individuals to continue learning throughout their lives.
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Impact
July, 2024
The Malden Public Library has a significant impact on the community by providing open access to information, promoting a love of reading, and facilitating lifelong learning for Malden residents and citizens of Massachusetts. Founded in 1885, this institution plays a crucial role in supporting education and literacy in the city of Malden. Through its services and resources, the Malden Public Library contributes to the intellectual development and enrichment of individuals, fostering a more informed and engaged citizenry.
This information is meant to be a general summary of Malden Public 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: $267,828
- Gross Receipts: $3,550,563
Assets and Liabilities:
- Total Assets: $15,890,429
- Total Liabilities: $49,868
- Net Assets: $15,840,561
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Organization Details
Founding Year
1885
Phone
(781) 324-0218Principal Officer
Frank M Molis
Main Address
36 SALEM STREET, MALDEN, MA, 02148
Website
www.maldenpubliclibrary.orgNTEE Category
Code: B70 - Education
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