Overview
What is Libraries Online Inc?
Libraries Online Incorporated, or LION, is a self-regulating alliance of Connecticut-based library organizations. Their primary objective is to utilize technology to collaborate, amplify, and enhance the accessibility and affordability of high-quality information sources and services. As a consortium, LION shares resources and fosters technology-driven innovation among its member libraries, advancing their collective mission to serve their communities effectively.
Official website here: www.lioninc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Libraries Online Inc has achieved an impressive Four-Star rating from Charity Navigator, indicating a strong commitment to accountability and financial transparency. The high score reflects a well-managed organization with all aspects of financial oversight receiving top marks, particularly in areas like material diversion of assets and independent board governance.
The nonprofit maintains a fully independent board, which enhances its credibility and decision-making processes. Additionally, it has robust policies in place regarding conflicts of interest and whistleblower protections, further demonstrating its commitment to ethical operations. The organization also excels in transparency, as evidenced by its comprehensive financial statements and documented board meeting minutes.
While the data presented does not highlight any significant limitations, the focus on financial accountability suggests that ongoing attention to programmatic impact might be beneficial. Nonetheless, Libraries Online Inc's strong financial health and governance practices position it as a reliable nonprofit within its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Libraries Online Inc legitimate?
Libraries Online Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Libraries Online 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: $211,509
Professional Fundraising Fees: $0
Other Salaries and Wages: $373,205
For more financial information, click here
Official website here: www.lioninc.org
What is the mission statement of Libraries Online Inc?
Libraries Online Incorporated (LION) is a consortium of Connecticut library institutions that operate on a self-governing basis. Their mission is to utilize technology to facilitate the sharing, expansion, and promotion of high-quality, cost-effective information resources and services. By leveraging technology, LION aims to enhance the offerings of its member libraries, fostering accessibility and affordability for the benefit of their communities.
Official website here: www.lioninc.org
Who is the CEO of Libraries Online Inc?
Joseph Farara is the Executive Director of Libraries Online Inc.
Official website here: www.lioninc.org
What is the revenue of Libraries Online Inc?
Libraries Online Inc's revenue in 2022 was $1,376,416.
Official website here: www.lioninc.org
Who are the executives of Libraries Online Inc and what are their salaries?
The average compensation at Libraries Online Inc during 2022 was $83,531. There are 7 employees at Libraries Online Inc.
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Official website here: www.lioninc.org
Where can I find the form 990 for Libraries Online Inc?
Libraries Online Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lioninc.org
Learn more at the official website: www.lioninc.org
Mission Statement of Libraries Online Inc
Libraries Online Incorporated, often referred to as LION, is a self-governing alliance of Connecticut library institutions. This nonprofit organization is dedicated to utilizing technology as a means to facilitate information sharing, expansion, and promotion among its member libraries. LION's mission is to ensure that its member libraries have access to high-quality, cost-effective information resources and services. By leveraging technology, LION aims to enhance the overall capabilities and reach of its member libraries, thereby benefiting the communities they serve.
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Impact
July, 2024
Libraries Online Inc, through its computer network serving member libraries, has made a significant impact on the Connecticut library community. By leveraging technology, Libraries Online Inc (LION) has enabled member libraries to share, expand, and promote quality, cost-effective information resources and services. This innovative approach has enhanced access to educational materials and knowledge for residents across the state. LION's dedication to utilizing technology for the benefit of libraries underscores its commitment to advancing education and information dissemination, ultimately enriching the lives of individuals within the community.
This information is meant to be a general summary of Libraries Online 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: $691
- Program Service Revenue: $8,878
- Gross Receipts: $1,376,416
Assets and Liabilities:
- Total Assets: $1,053,575
- Total Liabilities: $121,385
- Net Assets: $932,190
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
OTHER INCOME
Revenue
$8,878
Organization Details
Founding Year
1980
Phone
(860) 347-1704Principal Officer
Joseph Farara
Main Address
100 RIVERVIEW CENTER APT 252, MIDDLETOWN, CT, 06457
Website
www.lioninc.orgNTEE Category
Code: B700 - Education
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