Overview
What is Hotchkiss Library Of Sharon Inc?
Hotchkiss Library of Sharon Inc is a not-for-profit organization situated in Sharon, offering a comprehensive, freely accessible library collection encompassing contemporary and classic literature, magazines, audio and visual materials, and digital resources. The organization extends its services to children through engaging programs such as preschool activities and summer reading initiatives. Moreover, it provides access to the State's interlibrary system, enabling its patrons to broaden their literary horizons.
Official website here: www.hotchkisslibrary.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 88% (Three-Star out of Four Star rating)
Hotchkiss Library Of Sharon Inc has achieved an overall score of 88%, reflecting a strong performance in accountability and finance. The organization is notable for its fully independent board, which consists of 15 members, and it has demonstrated effective management of financial resources, as indicated by a low liabilities to assets ratio of 3.62% and a high program expense ratio of 76.80%. These metrics suggest that a significant portion of their funding is directed toward fulfilling their mission rather than administrative costs.
However, while the library excels in several financial aspects, it does have some areas for improvement regarding governance policies. Notably, the organization does not have a conflict of interest policy, whistleblower policy, or document retention policy in place, which are important for ensuring transparency and accountability. These missing policies may raise concerns about the organization's governance practices and could potentially impact its overall effectiveness.
In summary, Hotchkiss Library Of Sharon Inc demonstrates solid financial management and a commitment to accountability, as reflected in its high ratings. Nonetheless, addressing the gaps in governance policies could enhance its credibility and operational integrity, ensuring a more robust framework for their charitable activities.
This AI summary has been generated from information found on Charity Navigator.
Is Hotchkiss Library Of Sharon Inc legitimate?
Hotchkiss Library Of Sharon Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hotchkiss Library Of Sharon 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: $69,769
Professional Fundraising Fees: $0
Other Salaries and Wages: $106,443
For more financial information, click here
Official website here: www.hotchkisslibrary.org
What is the mission statement of Hotchkiss Library Of Sharon Inc?
The Hotchkiss Library of Sharon Inc., as a public library, provides a vast collection of resources for the community. This includes free access to contemporary and classic literature, periodicals, audiovisual materials, and electronic resources. The organization is committed to the education and entertainment of children, offering programs such as preschool activities and summer reading initiatives. Furthermore, the library grants its patrons access to the State-wide interlibrary system, broadening the scope of their literary exploration.
Official website here: www.hotchkisslibrary.org
Who is the CEO of Hotchkiss Library Of Sharon Inc?
Tom Trowbridge is the Executive Dir. of Hotchkiss Library Of Sharon Inc.
Official website here: www.hotchkisslibrary.org
What is the revenue of Hotchkiss Library Of Sharon Inc?
Hotchkiss Library Of Sharon Inc's revenue in 2022 was $2,886,571.
Official website here: www.hotchkisslibrary.org
Who are the executives of Hotchkiss Library Of Sharon Inc and what are their salaries?
The average compensation at Hotchkiss Library Of Sharon Inc during 2022 was $17,621. There are 10 employees and 25 volunteers at Hotchkiss Library Of Sharon Inc.
Here are 14 key members and their salaries:
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Official website here: www.hotchkisslibrary.org
Where can I find the form 990 for Hotchkiss Library Of Sharon Inc?
Hotchkiss Library Of Sharon Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hotchkisslibrary.org
Learn more at the official website: www.hotchkisslibrary.org
Mission Statement of Hotchkiss Library Of Sharon Inc
Hotchkiss Library of Sharon is a dedicated institution committed to providing a complimentary lending library. This library houses a diverse collection of contemporary and classic literature, periodicals, audio and video materials, and electronic resources for the public's perusal. Beyond its extensive literary offerings, Hotchkiss Library of Sharon also extends its services to children, hosting engaging programs such as preschool activities and summer reading events. The organization also provides access to the State wide interlibrary system, allowing its patrons the opportunity to expand their literary horizons further. In summary, Hotchkiss Library of Sharon is a community resource that offers a wide array of literary materials and children's programs, fostering a love for reading and knowledge among its patrons.
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Impact
July, 2024
Hotchkiss Library of Sharon Inc provides vital educational resources to the community, offering a diverse collection of literature, periodicals, audiovisual materials, and electronic resources free of charge. Its children's programs, including preschool and summer reading activities, foster a love of reading and learning from an early age. By providing access to the Statewide interlibrary system, the library expands its reach and enhances its impact beyond Sharon, CT. Ultimately, Hotchkiss Library of Sharon Inc plays a crucial role in promoting literacy, education, and lifelong learning in the community.
This information is meant to be a general summary of Hotchkiss Library Of Sharon 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 2022.
- Investment Income: $68,069
- Program Service Revenue: $324
- Gross Receipts: $2,886,571
Assets and Liabilities:
- Total Assets: $5,457,425
- Total Liabilities: $88,920
- Net Assets: $5,368,505
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Fees and Fines
Revenue
$324
Organization Details
Founding Year
1979
Phone
(860) 364-5041Principal Officer
Tom Trowbridge
Main Address
10 UPPER MAIN STREET, SHARON, CT, 06069
Website
www.hotchkisslibrary.orgNTEE Category
Code: B71Z - Education
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