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Trustees Of The Forbes Library

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 046004208 ✦ Northampton, MA ✦ Designated as a 501(c)(3)

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Overview

What is Trustees Of The Forbes Library?

Trustees of the Forbes Library is a nonprofit organization situated in Northampton, Massachusetts, at 20 West Street, ZIP code 01060. Their primary mission is to foster a welcoming environment that strengthens the community, ignites curiosity, and opens doors to the past while paving the way for future possibilities. They achieve this by operating a public library, providing a diverse array of information and resources to the people of Northampton. The library encourages intellectual and cultural pursuits within the community, promoting free inquiry and lifelong learning. By offering a friendly and welcoming physical space, Forbes Library serves as a community gathering place. With a dedicated workforce of 57 individuals, the organization plays a significant role in enriching the lives of Northampton residents.


Official website here: www.forbeslibrary.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 96% (Four-Star out of Four Stars)

Trustees Of The Forbes Library has achieved an impressive Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and financial health. The organization scored a perfect 100% in several key areas, including the independence of its board members and the transparency of its financial statements. With a high program expense ratio of 86.62%, the nonprofit demonstrates its dedication to allocating funds directly towards its mission.

The organization benefits from a fully independent board, which enhances its governance and decision-making processes. It has established robust policies, including those for conflict of interest and whistleblower protections, ensuring ethical operations. The absence of any material diversion of assets further underscores its integrity and responsible management practices.

Despite the strong performance in financial metrics, the summary does not provide specific insights into the library's programs or community impact. While financial accountability is crucial, an evaluation of the effectiveness of its services or outreach could provide a more comprehensive view of its overall influence in the community.


This AI summary has been generated from information found on Charity Navigator.

What do the Facebook reviews say about Trustees Of The Forbes Library?

96% of 94 reviewers on Facebook recommend the Trustees Of The Forbes Library. Here’s a summary of their insights:

Many visitors appreciate the library’s resources and the welcoming environment it provides for studying and working on personal projects. The community values the quiet space and the array of materials available to enhance their activities. However, there is significant concern regarding persistent internet connectivity issues, which have led to frustration among some patrons. These disruptions reportedly impact their ability to effectively utilize the library's resources, causing dissatisfaction.

Overall, while the library's atmosphere and offerings receive positive marks, addressing the technical problems could enhance the experience for many users and further solidify their support.


This AI summary has been generated from reviews found on Facebook.

Is Trustees Of The Forbes Library legitimate?

Trustees Of The Forbes Library is a legitimate nonprofit organization registered as a 501(c)(3) entity. Trustees Of The Forbes 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: $115,264
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,155,391

For more financial information, click here


Official website here: www.forbeslibrary.org

What is the mission statement of Trustees Of The Forbes Library?

The Trustees of the Forbes Library's mission is to supply a wide variety of information and resources to the community of Northampton. Their goal is to foster and encourage civic, intellectual, and cultural growth within the community. The library actively promotes curiosity, free inquiry, and lifelong learning, providing a welcoming physical environment that serves as a community meeting place. The Trustees of the Forbes Library strive to support the diverse needs and interests of their patrons by offering a vast array of materials and resources.


Official website here: www.forbeslibrary.org

Who is the CEO of Trustees Of The Forbes Library?

Cheri Buckhout is the President of Trustees Of The Forbes Library.


Official website here: www.forbeslibrary.org

What is the revenue of Trustees Of The Forbes Library?

Trustees Of The Forbes Library's revenue in 2022 was $2,962,235.


Official website here: www.forbeslibrary.org

Who are the executives of Trustees Of The Forbes Library and what are their salaries?

The average compensation at Trustees Of The Forbes Library during 2022 was $22,292. There are 57 employees and 118 volunteers at Trustees Of The Forbes Library.


Here are 9 key members and their salaries:


Russell W Carrier (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cheri Buckhout (Treasurer 11/20/22 To Present)
  • Compensation: $8,902
  • Related: $0
  • Other: $0
Elizabeth Sheirer (Secretary)
  • Compensation: $3,431
  • Related: $0
  • Other: $0
Joseph A Twarog (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Katy E Wight (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Emily Prabhaker (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Debin Bruce (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Pascucci (Treasurer 7/1/21-11/19/22)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lisa Downing (Director)
  • Compensation: $87,596
  • Related: $0
  • Other: $14,084


Official website here: www.forbeslibrary.org

Where can I find the form 990 for Trustees Of The Forbes Library?

Trustees Of The Forbes Library's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.forbeslibrary.org

Learn more at the official website: www.forbeslibrary.org

Mission Statement of Trustees Of The Forbes Library

The Trustees of the Forbes Library serve a vital role in their community by operating a public library. This institution is dedicated to providing a diverse range of information and materials to the people of Northampton, fostering an environment that encourages curiosity, free inquiry, and lifelong learning. The library functions as a welcoming community meeting place, supporting the civic, intellectual, and cultural pursuits of the community. By offering a friendly physical environment, the Trustees of the Forbes Library contribute significantly to the enrichment and education of Northampton's residents.

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Impact




July, 2024

The Trustees Of The Forbes Library's impact is evident in its commitment to providing a wide range of information and materials to the community of Northampton. By encouraging and supporting civic, intellectual, and cultural pursuits, Forbes Library plays a vital role in fostering curiosity, free inquiry, and lifelong learning among its patrons. The library serves as a welcoming haven for all, building connections that strengthen communities, inspiring curiosity, and creating pathways to the future. In essence, Forbes Library serves as a hub for education and community engagement in Northampton, Massachusetts.




This information is meant to be a general summary of Trustees Of The Forbes 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.

Revenue
$2,962,235 (2022)
Expenses
$2,602,266 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $358,540
  • Program Service Revenue: $26,206
  • Gross Receipts: $3,625,498

Assets and Liabilities:

  • Total Assets: $9,300,747
  • Total Liabilities: $280,882
  • Net Assets: $9,019,865

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

FEES, FINES, AND OTHER

Revenue

$26,206

Organization Details

Founding Year

1894

Principal Officer

Cheri Buckhout

Main Address

20 WEST STREET, NORTHAMPTON, MA, 01060

NTEE Category

Code: B71Z - Education

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