Overview
What is Oliver Wolcott Library Inc?
Oliver Wolcott Library Inc, situated in Litchfield, Connecticut, serves as a vital community resource. Its primary mission is to cater to the educational, cultural, professional, recreational, and informational needs of locals and surrounding towns. The library achieves this by offering facilities, materials, services, and programs that promote lifelong learning and foster a welcoming environment for community interaction. The dedicated staff at Oliver Wolcott Library Inc possesses compassion, a cooperative spirit, and strong communication and interpersonal skills, ensuring an engaging and inclusive atmosphere. The organization currently employs 21 individuals, making it a significant contributor to the Litchfield community's intellectual and social growth.
Official website here: www.owlibrary.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 96%
Oliver Wolcott Library Inc has earned a Four-Star out of Four Star rating from Charity Navigator, which reflects its high level of accountability and financial management. The organization received an impressive 96% score in the Accountability & Finance category, indicating strong oversight and transparency practices. This rating is significant as it highlights the library's commitment to responsible financial stewardship.
The library boasts a fully independent board with 13 members, which strengthens its governance structure. Additionally, it has implemented robust policies, including a whistleblower policy and conflict of interest policy, ensuring ethical operations. The financial health of the library is also commendable, with a low liabilities to assets ratio and a program expense ratio of over 93%, showcasing its focus on funding its core mission.
While the data reflects a well-managed organization, the summary does not indicate any notable limitations or areas needing improvement. Overall, the library exemplifies effective nonprofit management and dedication to accountability, making it a trustworthy option for potential donors and community members.
This AI summary has been generated from information found on Charity Navigator.
Is Oliver Wolcott Library Inc legitimate?
Oliver Wolcott Library Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Oliver Wolcott 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $453,105
For more financial information, click here
Official website here: www.owlibrary.org
What is the mission statement of Oliver Wolcott Library Inc?
The mission of Oliver Wolcott Library Inc is centered around providing facilities, resources, and services that stimulate lifelong learning and foster a welcoming environment for community interaction. This is achieved by having a staff that embodies compassion, a cooperative spirit, and strong communication and interpersonal skills. The library's goal is to cater to the educational, cultural, professional, recreational, and informational needs of its community members, serving the citizens of Litchfield, Connecticut, and its surrounding towns.
Official website here: www.owlibrary.org
Who is the CEO of Oliver Wolcott Library Inc?
Colette Boyd is the President of Oliver Wolcott Library Inc.
Official website here: www.owlibrary.org
What is the revenue of Oliver Wolcott Library Inc?
Oliver Wolcott Library Inc's revenue in 2022 was $1,083,636.
Official website here: www.owlibrary.org
Who are the executives of Oliver Wolcott Library Inc and what are their salaries?
The average compensation at Oliver Wolcott Library Inc during 2022 was $21,576. There are 21 employees and 15 volunteers at Oliver Wolcott Library Inc.
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- Compensation: $105,922
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Official website here: www.owlibrary.org
Where can I find the form 990 for Oliver Wolcott Library Inc?
Oliver Wolcott Library Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.owlibrary.org
Learn more at the official website: www.owlibrary.org
Mission Statement of Oliver Wolcott Library Inc
Oliver Wolcott Library Inc is dedicated to providing a conducive environment that encourages lifelong learning for the community. Their mission is accomplished through the availability of facilities, materials, services, and programs. The library's staff, characterized by compassion, a cooperative spirit, and strong communication and interpersonal skills, plays a crucial role in this endeavor. They strive to cater to the educational, cultural, professional, recreational, and informational needs of the citizens of Litchfield, Connecticut, and its surrounding towns. The library serves as a welcoming hub where individuals can engage in learning activities, fostering a sense of community interaction.
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Impact
July, 2024
The impact of the Oliver Wolcott Library Inc is significant in fostering lifelong learning and creating a welcoming environment for community interaction in Litchfield, Connecticut, and its surrounding towns. Through its facilities, materials, services, and programs, the library serves the educational, cultural, professional, recreational, and informational needs of the citizens. The dedicated staff members possess compassion, a cooperative spirit, and strong communication and interpersonal skills to enhance the community's experience. In essence, the Oliver Wolcott Library Inc is a crucial hub for education and community engagement in the region.
This information is meant to be a general summary of Oliver Wolcott 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 2022.
- Investment Income: $252,560
- Program Service Revenue: $1,669
- Gross Receipts: $1,836,101
Assets and Liabilities:
- Total Assets: $4,793,570
- Total Liabilities: $35,222
- Net Assets: $4,758,348
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
COPIER & FAXES
Revenue
$1,669
Organization Details
Founding Year
1862
Phone
(860) 567-8030Principal Officer
Colette Boyd
Main Address
PO BOX 187, LITCHFIELD, CT, 06759
Website
www.owlibrary.orgNTEE Category
Code: B71Z - Education
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