Overview
What is Mystic & Noank Library Inc?
Mystic & Noank Library Inc is a nonprofit organization situated at 40 Library Street, Mystic, Connecticut (06355). With a dedicated team of 19 individuals, their primary mission is to maintain a community library accessible to all Connecticut residents holding library cards. This library serves as a hub for reading reference materials and related programs and services, aiming to enrich the literary and informational landscape for the community.
Official website here: www.mysticnoanklibrary.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 88% (Three-Star out of Four Star rating)
Mystic & Noank Library Inc has earned a Three-Star rating from Charity Navigator, reflecting a solid performance in accountability and finance. The library’s high score underscores its strong governance practices, such as a fully independent board and comprehensive financial oversight. The organization demonstrates a commendable commitment to transparency and effective use of resources, with a program expense ratio of over 73%.
While the library excels in many areas, it does have some shortcomings, notably the absence of a whistleblower policy and a document retention policy. These omissions may raise potential concerns about internal controls and employee protections, which are critical for maintaining organizational integrity. However, the overall accountability measures and financial health of the library are positive indicators of its operational management.
Overall, Mystic & Noank Library Inc appears to be a well-managed nonprofit that prioritizes accountability. Its financial practices and governance structure suggest a responsible use of donor funds, promoting confidence among its supporters and stakeholders. Despite a few policy gaps, the library remains a valuable resource for the community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Mystic & Noank Library Inc legitimate?
Mystic & Noank Library Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mystic & Noank Library 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: $80,481
Professional Fundraising Fees: $0
Other Salaries and Wages: $381,128
For more financial information, click here
Official website here: www.mysticnoanklibrary.org
What is the mission statement of Mystic & Noank Library Inc?
The mission of Mystic & Noank Library Inc is centered around maintaining a community library accessible to all Connecticut residents with library cards. This library serves as a resource, providing reading materials and references, as well as related programs and services. The primary objective is to promote literacy and knowledge dissemination within the community.
Official website here: www.mysticnoanklibrary.org
Who is the CEO of Mystic & Noank Library Inc?
Chris Bradley is the Trustee of Mystic & Noank Library Inc.
Official website here: www.mysticnoanklibrary.org
What is the revenue of Mystic & Noank Library Inc?
Mystic & Noank Library Inc's revenue in 2023 was $733,650.
Official website here: www.mysticnoanklibrary.org
Who are the executives of Mystic & Noank Library Inc and what are their salaries?
The average compensation at Mystic & Noank Library Inc during 2023 was $24,295. There are 19 employees and 100 volunteers at Mystic & Noank Library Inc.
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Official website here: www.mysticnoanklibrary.org
Where can I find the form 990 for Mystic & Noank Library Inc?
Mystic & Noank Library Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.mysticnoanklibrary.org
Learn more at the official website: www.mysticnoanklibrary.org
Mission Statement of Mystic & Noank Library Inc
Mystic & Noank Library Inc, as a community-focused organization, aims to maintain a library that is accessible to all Connecticut residents holding library cards. This library serves as a vital resource, offering a wealth of reading material and references. Beyond just books, the library also provides various programs and services related to reading, contributing to the overall intellectual and cultural growth of its patrons.
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Impact
July, 2024
The Mystic & Noank Library Inc plays a vital role in providing access to reading materials, reference resources, and a variety of programs and services for all Connecticut residents holding library cards. By maintaining a community library, this organization helps to promote literacy, lifelong learning, and knowledge sharing within the community. Through its educational initiatives, the library contributes to the intellectual enrichment and growth of individuals, making it a valuable asset for both residents and visitors of Mystic, CT.
This information is meant to be a general summary of Mystic & Noank Library 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: $257,119
- Program Service Revenue: $295
- Gross Receipts: $1,251,619
Assets and Liabilities:
- Total Assets: $10,344,555
- Total Liabilities: $23,767
- Net Assets: $10,320,788
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LIBRARY FEES
Revenue
$295
Organization Details
Founding Year
1893
Phone
(860) 536-7721Principal Officer
Chris Bradley
Main Address
40 LIBRARY STREET, MYSTIC, CT, 06355
Website
www.mysticnoanklibrary.orgNTEE Category
Code: B70Z - Education
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