Overview
What is The Torrington Library?
The Torrington Library is a public library located at 12 Daycoeton Place, Torrington, Connecticut 06790. Serving its local community, the library offers a vast array of resources, including print books, periodicals, DVDs, CDs, audiobooks, museum passes, video games, mobile hotspots, electronic databases, e-materials, and public access computers. Physically, the library houses over 62,000 print books, 1,000 audiobooks, 2,500 DVDs, 200 CDs, 50 museum passes, and 2 mobile hotspots. Electronically, access to over 100,000 materials, such as ebooks, eaudiobooks, live streaming, CDs, and magazines, is available through their website. All these services are free of charge and open to Torrington residents. The library's mission is to engage all members of the community by providing equal access to books, electronic resources, programs, and partnerships to enrich and empower lives. With a team of 21 dedicated individuals, the Torrington Library aims to foster a love for learning and knowledge among its community members.
Official website here: www.torringtonlibrary.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
The Torrington Library has received a Four-Star rating from Charity Navigator, which indicates a strong commitment to accountability and finance. The library's overall score is entirely based on their impressive performance in financial management, showcasing a high level of transparency and responsible stewardship of resources.
Strengths noted in the evaluation include a fully independent board of directors, an effective audit and oversight committee, and strong policies regarding conflict of interest and whistleblower protection. The organization also displays a commendable program expense ratio of nearly 80%, which suggests that a significant portion of their funds is directed towards their core mission rather than administrative costs.
While the library's performance is commendable, continued vigilance in maintaining these high standards of accountability and transparency will be essential for sustaining their positive reputation and ensuring ongoing support from the community.
This AI summary has been generated from information found on Charity Navigator.
Is The Torrington Library legitimate?
The Torrington Library is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Torrington 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: $72,947
Professional Fundraising Fees: $0
Other Salaries and Wages: $465,992
For more financial information, click here
Official website here: www.torringtonlibrary.org
What is the mission statement of The Torrington Library?
The Torrington Library's mission is to engage all members of the community by providing equal access to a variety of resources, including books, electronic materials, programs, and partnerships. This aim is to enrich and empower lives by offering equal opportunities for learning and personal growth. The library offers a wide range of print and digital materials, such as books, audiobooks, DVDs, music CDs, museum passes, and video games, both physically and electronically. All services are free of charge and available to the residents of Torrington, with many also accessible to non-residents within Connecticut. The library also fosters partnerships to enrich its offerings and broaden its community impact.
Official website here: www.torringtonlibrary.org
Who is the CEO of The Torrington Library?
Steven M Temkin is the President of The Torrington Library.
Official website here: www.torringtonlibrary.org
What is the revenue of The Torrington Library?
The Torrington Library's revenue in 2022 was $2,177,156.
Official website here: www.torringtonlibrary.org
Who are the executives of The Torrington Library and what are their salaries?
The average compensation at The Torrington Library during 2022 was $25,664. There are 21 employees and 50 volunteers at The Torrington Library.
Here are 10 key members and their salaries:
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Official website here: www.torringtonlibrary.org
Where can I find the form 990 for The Torrington Library?
The Torrington Library's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.torringtonlibrary.org
Learn more at the official website: www.torringtonlibrary.org
Mission Statement of The Torrington Library
The Torrington Library, a public institution, is committed to engaging all members of its community by providing equal access to a wide array of resources. This includes books, electronic resources, programs, and partnerships, with the ultimate goal of enriching and empowering lives. The library offers a vast collection of print books, periodicals, DVDs, CDs, audiobooks, museum passes, video games, mobile hot spots, electronic resources, and public access computers for public use. The physical library houses over 62,000 print books, 1,000 audiobooks, 2,500 DVDs, 200 CDs, 50 museum passes, and 2 mobile hotspots. Electronically, the library offers access to over 100,000 materials, ranging from ebooks to eaudiobooks, live streaming, CDs, and magazines, all available from their website. All these services are free of charge and available to any Torrington residents. Most services are also available to non-residents within Connecticut.
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Impact
July, 2024
The Torrington Library's impact is significant in engaging all members of the community by providing equal access to a wide range of resources. By offering free access to books, electronic resources, programs, and partnerships, the library enriches and empowers lives in Torrington, CT. With a collection of over 62,000 print books, 1,000 audiobooks, 2,500 DVDs, 200 CDs, and electronic materials including eBooks, eAudiobooks, live streaming, and more, the library serves as a hub for learning, entertainment, and community engagement. This accessible and diverse array of resources supports education and personal growth for Torrington residents and beyond.
This information is meant to be a general summary of The Torrington 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 2022.
- Investment Income: $1,313,355
- Program Service Revenue: $8,638
- Gross Receipts: $4,491,917
Assets and Liabilities:
- Total Assets: $40,781,001
- Total Liabilities: $40,528
- Net Assets: $40,740,473
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LIBRARY RECEIPTS
Revenue
$8,638
Organization Details
Founding Year
1899
Phone
(860) 489-6684Principal Officer
Steven M Temkin
Main Address
12 DAYCOETON PLACE, TORRINGTON, CT, 06790
Website
www.torringtonlibrary.orgNTEE Category
Code: B820 - Education
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