Overview
What is Watertown Library Association?
The Watertown Library Association is a committed nonprofit organization situated in Watertown, Connecticut. Its primary mission is to foster intellectual growth and social development within the community. To achieve this, they operate a publicly accessible library, which is free for both residents and taxpayers of the town. The association offers a range of programs to cater to various interests, all geared towards enhancing knowledge and community engagement.
Official website here: www.watertownlibrary.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 33% (Zero-Star out of Four Star rating)
The Watertown Library Association has received a low rating of 33% from Charity Navigator, indicating significant concerns regarding its accountability and financial management. While it excels in governance areas such as having a fully independent board, the organization struggles in financial transparency, particularly due to missing financial statements and various required policies.
Strengths noted include a complete and independent board with no material diversion of assets, demonstrating integrity in governance. However, weaknesses are prominent, with critical financial documents lacking, which raises red flags about its financial health and operational efficiency. The absence of a conflict of interest policy and missing financial statements are especially concerning.
These limitations may hinder potential donors' confidence and the overall sustainability of the organization. Overall, while the Watertown Library Association shows positive governance traits, its financial accountability issues significantly overshadow its strengths.
This AI summary has been generated from information found on Charity Navigator.
Is Watertown Library Association legitimate?
Watertown Library Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Watertown Library Association 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: $88,140
Professional Fundraising Fees: $0
Other Salaries and Wages: $330,551
For more financial information, click here
Official website here: www.watertownlibrary.org
What is the mission statement of Watertown Library Association?
The Watertown Library Association is dedicated to fostering intellectual growth and cultivating social awareness. They achieve this by establishing and maintaining a library available for the community. The association operates a free public library, offering various programs to cater to the residents and taxpayers of the town. Their primary objective is to promote learning and community engagement through the library's resources.
Official website here: www.watertownlibrary.org
Who is the CEO of Watertown Library Association?
Deborah Weinberger is the President of Watertown Library Association.
Official website here: www.watertownlibrary.org
What is the revenue of Watertown Library Association?
Watertown Library Association's revenue in 2023 was $927,397.
Official website here: www.watertownlibrary.org
Who are the executives of Watertown Library Association and what are their salaries?
The average compensation at Watertown Library Association during 2023 was $27,913. There are 15 employees at Watertown Library Association.
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Official website here: www.watertownlibrary.org
Where can I find the form 990 for Watertown Library Association?
Watertown Library Association's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.watertownlibrary.org
Learn more at the official website: www.watertownlibrary.org
Mission Statement of Watertown Library Association
The Watertown Library Association, a nonprofit organization, is committed to fostering intellectual growth and enriching social culture. Their primary objective is to establish and maintain a library accessible to residents and taxpayers of Watertown, Connecticut. This library serves as a hub for promoting knowledge and encouraging community engagement. The association operates a free public library, offering a variety of programs aimed at engaging the local community in educational and cultural activities.
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Impact
July, 2024
The Watertown Library Association's impact is felt through its promotion of intellectual improvement and social culture in the town of Watertown, Connecticut. By establishing and maintaining a free public library with various programs, the association plays a vital role in providing educational resources and opportunities for the community. Through its mission to support residents and taxpayers in their quest for knowledge and cultural enrichment, the Watertown Library Association contributes to the intellectual growth and well-being of the town's inhabitants.
This information is meant to be a general summary of Watertown Library Association. 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: $14,619
- Program Service Revenue: $6,718
- Gross Receipts: $927,397
Assets and Liabilities:
- Total Assets: $2,080,549
- Total Liabilities: $0
- Net Assets: $2,080,549
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
OTHER REVENUE
Revenue
$5,064
COPIES
Revenue
$1,654
Organization Details
Founding Year
1865
Phone
(860) 945-5360Principal Officer
Deborah Weinberger
Main Address
470 MAIN STREET, WATERTOWN, CT, 06795
Website
www.watertownlibrary.orgNTEE Category
Code: B700 - Education
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