Overview
What is Connecticut Library Consortium Inc?
Connecticut Library Consortium Inc is a statewide membership organization based in Middletown, Connecticut, specifically at 234 Court Street, 06457. Its primary mission is to support all types of Connecticut libraries by offering cost-effective services. This nonprofit allows its members to purchase services and books collectively, thereby benefiting from lower prices. The organization's purpose is to initiate and facilitate cost-effective services, ultimately aiming to enhance the capabilities of its member libraries in serving their users efficiently. The Connecticut Library Consortium Inc employs a team of eight individuals, working diligently to fulfill its mission.
Official website here: www.ctlibrarians.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Stars)
The Connecticut Library Consortium Inc has achieved a strong Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. With an overall score of 92%, the organization demonstrates effective governance through an entirely independent board, robust financial practices, and a healthy liabilities to assets ratio. The organization allocates a significant portion of its expenses to programs, highlighting its commitment to fulfilling its mission.
Strengths of the Connecticut Library Consortium Inc include a transparent conflict of interest policy and comprehensive documentation of board meeting minutes, which enhance trust and governance effectiveness. Additionally, the organization's financial statements are regularly reviewed, and there are no reported issues of material diversion of assets. These elements contribute to a commendable level of operational integrity.
However, there is a noted limitation regarding the absence of a whistleblower policy, which could be a potential area for improvement. While the organization exhibits strong overall ratings, implementing a whistleblower policy could further bolster its accountability framework and ensure a safe environment for reporting concerns. Overall, the Connecticut Library Consortium Inc shows promising organizational practices alongside opportunities for growth.
This AI summary has been generated from information found on Charity Navigator.
Is Connecticut Library Consortium Inc legitimate?
Connecticut Library Consortium Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Connecticut Library Consortium 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: $114,868
Professional Fundraising Fees: $0
Other Salaries and Wages: $318,038
For more financial information, click here
Official website here: www.ctlibrarians.org
What is the mission statement of Connecticut Library Consortium Inc?
The Connecticut Library Consortium Inc, serving various types of libraries within the state, is committed to initiating and facilitating cost-effective services. This aim is to enhance the capabilities of its member libraries, enabling them to better serve their users effectively. By providing a cooperative effort, the consortium allows its members to purchase services and books at the most affordable prices.
Official website here: www.ctlibrarians.org
What is the revenue of Connecticut Library Consortium Inc?
Connecticut Library Consortium Inc's revenue in 2024 was $1,036,707.
Official website here: www.ctlibrarians.org
Who are the executives of Connecticut Library Consortium Inc and what are their salaries?
The average compensation at Connecticut Library Consortium Inc during 2024 was $72,151. There are 6 employees at Connecticut Library Consortium Inc.
Here are 16 key members and their salaries:
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Official website here: www.ctlibrarians.org
Where can I find the form 990 for Connecticut Library Consortium Inc?
Connecticut Library Consortium Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.ctlibrarians.org
Learn more at the official website: www.ctlibrarians.org
Mission Statement of Connecticut Library Consortium Inc
Connecticut Library Consortium Inc, a statewide membership organization, is dedicated to enhancing the capabilities of various Connecticut libraries by initiating and facilitating cost-effective services. The primary objective of this nonprofit is to empower its member libraries to better serve their users. By providing a platform for cooperative purchasing of services and books at reduced costs, Connecticut Library Consortium Inc aims to strengthen the overall capacity of its member libraries, thereby improving the quality of service they offer to their communities.
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Impact
July, 2024
Connecticut Library Consortium Inc's impact lies in its ability to strengthen the ability of member libraries to serve their users through cost-effective services. By providing a platform for collaboration and cooperative efforts, the organization facilitates access to services and books at the lowest possible costs for libraries across Connecticut. This not only enhances the resources available to libraries but also fosters a more efficient and effective delivery of educational materials and services to the community.
This information is meant to be a general summary of Connecticut Library Consortium 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 2024.
- Investment Income: $10,492
- Program Service Revenue: $674,649
- Gross Receipts: $1,114,123
Assets and Liabilities:
- Total Assets: $420,922
- Total Liabilities: $142,386
- Net Assets: $278,536
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DISCOUNTED PRODUCTS INCOME
Revenue
$259,548
DISC. PRODUCTS INC - ADMIN FEES
Revenue
$315,855
CLC PRODUCTS INCOME
Revenue
$5,317
OTHER PROGRAM INCOME
Revenue
$93,929
Organization Details
Founding Year
2003
Principal Officer
Ellen Paul
Website
www.ctlibrarians.orgNTEE Category
Code: B70 - Education
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