Overview
What is Yarmouth Library Association Inc?
Yarmouth Library Association Inc is a nonprofit organization headquartered at 297 Main Street, Yarmouthport, Massachusetts 02675. Their primary mission involves maintaining the library building, organizing programs for both children and adults, and procurement of books and supplies to operate a public library within the town of Yarmouth, Massachusetts. With a dedicated workforce of five individuals, the association provides essential literary resources and engaging activities, fostering a community-oriented atmosphere that encourages lifelong learning.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67% (Two-Star out of Four Star rating)
The Yarmouth Library Association Inc has received a Two-Star rating from Charity Navigator, indicating potential areas for improvement in its accountability and financial practices. While the organization excels with a strong independent board and has no material diversion of assets, it falls short in transparency, as it has not provided financial statements or made important policies available on its website.
The library association demonstrates a commendable commitment to program spending, as evidenced by a 100% program expense ratio, indicating that all of its expenses directly support its mission. However, the absence of crucial governance documents, such as conflict of interest and whistleblower policies, raises concerns about its operational transparency and adherence to best practices.
In summary, while the Yarmouth Library Association Inc shows strengths in governance structure and program focus, it needs to enhance its transparency and accountability measures to improve its overall rating and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Yarmouth Library Association Inc legitimate?
Yarmouth Library Association Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Yarmouth Library Association 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $74,600
For more financial information, click here
What is the mission statement of Yarmouth Library Association Inc?
The Yarmouth Library Association Inc's mission is centered around maintaining a public library building, organizing educational programs for both children and adults, and procurement of books and necessary supplies. Their primary objective is to operate a functional library within the community, catering to the reading needs and interests of its members. The association further contributes to this mission by purchasing books and resources to expand their library collection and offering a variety of programs to engage its patrons.
Who is the CEO of Yarmouth Library Association Inc?
Brian Dudley is the President of Yarmouth Library Association Inc.
What is the revenue of Yarmouth Library Association Inc?
Yarmouth Library Association Inc's revenue in 2023 was $1,290,708.
Who are the executives of Yarmouth Library Association Inc and what are their salaries?
The average compensation at Yarmouth Library Association Inc during 2023 was $14,920. There are 5 employees and 5 volunteers at Yarmouth Library Association Inc.
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Where can I find the form 990 for Yarmouth Library Association Inc?
Yarmouth Library Association Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Yarmouth Library Association Inc
The Yarmouth Library Association Inc plays a significant role in maintaining a public library in its community. Its mission is multifaceted, encompassing the upkeep of the library building, the organization of programs for both children and adults, and the procurement of books and supplies to ensure the library's smooth operation. By undertaking these tasks, the association contributes to the intellectual and recreational needs of its townspeople. Their primary goal is to provide a vibrant and accessible library service, catering to the diverse interests and learning needs of the community members.
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Impact
July, 2024
Yarmouth Library Association Inc's impact is significant in the community of Yarmouth, MA. The organization maintains the library building, offers programs for children and adults, and purchases books and supplies to operate a public library in the town. Through its efforts, the association provides access to educational resources, fosters literacy, and cultivates a love for reading among residents of all ages. The programs and services offered by Yarmouth Library Association Inc play a crucial role in enriching the lives of individuals and strengthening the community as a whole.
This information is meant to be a general summary of Yarmouth Library Association 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 2023.
- Investment Income: $1,215,551
- Program Service Revenue: $11,270
- Gross Receipts: $3,214,056
Assets and Liabilities:
- Total Assets: $2,934,404
- Total Liabilities: $0
- Net Assets: $2,934,404
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REVENUE
Revenue
$11,270
Organization Details
Founding Year
1886
Principal Officer
Brian Dudley
Main Address
297 MAIN STREET, YARMOUTHPORT, MA, 02675
NTEE Category
Code: B70 - Education
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