Overview
What is Beardsley & Memorial Library?
Beardsley & Memorial Library is a public institution situated in Winsted, Connecticut, serving the communities of Winchester, Colebrook, and Barkhamsted. With a team of 14 dedicated employees, its mission is to foster literacy, encourage lifelong learning, and enrich cultural experiences through diverse collections, resources, and engaging programs tailored to the population of its three service towns. The library provides easy access to various resources, ensuring its local community members can benefit from these offerings and expand their knowledge and interests.
Official website here: www.beardsleyandmemorial.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84% (Three-Star out of Four Star rating)
Beardsley & Memorial Library has earned a Three-Star rating on Charity Navigator, reflecting a solid performance in accountability and finance. The organization achieved an overall score based solely on its Accountability & Finance metrics, indicating a strong commitment to financial responsibility and transparency.
The library's strengths include having a fully independent board, robust oversight with an audit committee, and a favorable liabilities to assets ratio of just 0.18%. Over 77% of its expenses are allocated towards programs, highlighting its focus on delivering value through its services. However, it should be noted that the organization lacks a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy, which could be areas for improvement.
In summary, while Beardsley & Memorial Library demonstrates strong governance and fiscal responsibility, addressing the noted policy gaps could enhance its overall accountability and trustworthiness. The organization remains a commendable option for community support and engagement.
This AI summary has been generated from information found on Charity Navigator.
Is Beardsley & Memorial Library legitimate?
Beardsley & Memorial Library is a legitimate nonprofit organization registered as a 501(c)(3) entity. Beardsley & Memorial 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: $59,855
Professional Fundraising Fees: $0
Other Salaries and Wages: $174,934
For more financial information, click here
Official website here: www.beardsleyandmemorial.com
What is the mission statement of Beardsley & Memorial Library?
The Beardsley & Memorial Library's mission is centered around enhancing the lives of its patrons. It achieves this goal by promoting literacy, fostering lifelong learning, and providing cultural enrichment. This is accomplished through the provision of diverse collections, resources, and programs tailored to cater to the population within its three service towns. The library aims to be a hub for intellectual growth and community engagement, fostering an environment that encourages learning and appreciation of various cultures.
Official website here: www.beardsleyandmemorial.com
What is the revenue of Beardsley & Memorial Library?
Beardsley & Memorial Library's revenue in 2024 was $775,822.
Official website here: www.beardsleyandmemorial.com
Who are the executives of Beardsley & Memorial Library and what are their salaries?
The average compensation at Beardsley & Memorial Library during 2024 was $14,674. There are 16 employees and 15 volunteers at Beardsley & Memorial Library.
Here are 14 key members and their salaries:
- Compensation: $53,898
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- Other: $0
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Official website here: www.beardsleyandmemorial.com
Where can I find the form 990 for Beardsley & Memorial Library?
Beardsley & Memorial Library's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.beardsleyandmemorial.com
Learn more at the official website: www.beardsleyandmemorial.com
Mission Statement of Beardsley & Memorial Library
Beardsley & Memorial Library, as a dedicated institution, is committed to enhancing the lives of its patrons. This is achieved by promoting literacy, fostering lifelong learning, and encouraging cultural enrichment. The library achieves this mission by providing access to a wide array of collections and resources. These resources extend beyond the traditional books and periodicals, offering a comprehensive learning experience for the community residing in the library's three service towns.
In addition to the vast collection, Beardsley & Memorial Library offers various programs. These programs are tailored to cater to the population of the service towns, ensuring that the library remains a relevant and valuable resource. By doing so, the library plays a significant role in fostering a love for learning and encouraging personal growth among its patrons. Through these initiatives, Beardsley & Memorial Library contributes to the enrichment of its community, making a tangible impact on the lives of its patrons.
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Impact
July, 2024
Beardsley & Memorial Library plays a crucial role in promoting literacy, lifelong learning, and cultural enrichment in the towns of Winchester, Colebrook, and Barkhamsted, Connecticut. By providing access to diverse collections, resources, and programs, the library significantly impacts the lives of its patrons. Through its mission to enrich the community through education, the library serves as a hub for learning and intellectual growth for residents of all ages. The programs and resources offered by Beardsley & Memorial Library contribute to the educational development and cultural engagement of the population it serves.
This information is meant to be a general summary of Beardsley & Memorial 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 2024.
- Investment Income: $94,465
- Program Service Revenue: $4,217
- Gross Receipts: $775,822
Assets and Liabilities:
- Total Assets: $2,869,809
- Total Liabilities: $5,168
- Net Assets: $2,864,641
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Fax, Copy and Print Fees
Revenue
$3,701
Fines and Rentals
Revenue
$516
Organization Details
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