Overview
What is Friends Of The Watertown Library Association Inc?
Friends of the Watertown Library Association Inc is a nonprofit organization situated at 470 Main Street, Watertown, Connecticut. This organization's primary objective is to support and contribute to the wellbeing of the Watertown Library Association. Their mission is centered around promoting intellectual growth and fostering a sense of social culture. Specifically, they focus on providing assistance to the library association.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73% (Two-Star out of Four Stars)
Friends Of The Watertown Library Association Inc has received a two-star rating from Charity Navigator, reflecting a score of 73%. This rating is derived from their Accountability & Finance metrics, which indicates a generally acceptable level of financial transparency and governance. The organization showcases a strong commitment to accountability, particularly highlighted by the presence of a fully independent board and no reported diversion of assets.
While the organization excels in certain areas, such as having a low liabilities-to-assets ratio and maintaining comprehensive board meeting minutes, there are notable gaps in their policies. Specifically, they do not have a conflict of interest policy, a whistleblower policy, or a document retention and destruction policy in place. These omissions have contributed to a lower overall score, emphasizing the need for improved governance practices.
Despite these limitations, the organization maintains a 100% program expense ratio, indicating that all their resources are directed towards their programs. This ratio reflects a strong prioritization of their mission, suggesting that their efforts are well-aligned with their charitable goals. Overall, while there are areas for improvement, Friends Of The Watertown Library Association Inc demonstrates a commitment to its community and effective financial oversight.
This AI summary has been generated from information found on Charity Navigator.
Is Friends Of The Watertown Library Association Inc legitimate?
Friends Of The Watertown Library Association Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of The Watertown Library Association 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: $0
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What is the mission statement of Friends Of The Watertown Library Association Inc?
The mission of Friends Of The Watertown Library Association Inc is centered around providing support and benefits to the Watertown Library Association. This organization operates with the primary goal of fostering intellectual improvement and promoting social culture. In essence, Friends Of The Watertown Library Association Inc is dedicated to contributing to the betterment of the library association and the community it serves through learning and social engagement.
Who is the CEO of Friends Of The Watertown Library Association Inc?
James Czarzasty is the Treasurer of Friends Of The Watertown Library Association Inc.
What is the revenue of Friends Of The Watertown Library Association Inc?
Friends Of The Watertown Library Association Inc's revenue in 2023 was $18,275.
Who are the executives of Friends Of The Watertown Library Association Inc and what are their salaries?
Here are 4 key members and their salaries:
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Where can I find the form 990 for Friends Of The Watertown Library Association Inc?
Friends Of The Watertown Library Association Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Friends Of The Watertown Library Association Inc
Friends of the Watertown Library Association Inc is dedicated to supporting and benefiting the Watertown Library Association. Their mission is centered around fostering intellectual improvement and promoting social culture. The organization operates with the primary goal of contributing to the betterment of the library association, thereby enriching the community as a whole. By providing support and resources, Friends of the Watertown Library Association Inc contributes to the library's ability to serve its patrons and promote lifelong learning and cultural engagement.
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Impact
October, 2024
Friends Of The Watertown Library Association Inc significantly enhances the community by providing vital support to the Watertown Library Association. Its efforts focus on fostering intellectual improvement and promoting social culture within the community. By facilitating access to educational resources and cultural enrichment programs, it empowers individuals of all ages to engage with literature, enhance their knowledge, and explore new ideas.
This organization plays a crucial role in maintaining and expanding library services, ensuring that the library remains a valuable resource for learning and connection in Watertown. Through its various initiatives, it not only supports the library's operational needs but also creates opportunities for community engagement, lifelong learning, and social interaction. The positive impact of Friends Of The Watertown Library Association Inc therefore resonates throughout the area, enriching the lives of residents and strengthening the fabric of the community.
This information is meant to be a general summary of Friends Of The Watertown Library Association 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.
- Program Service Revenue: $9,924
- Gross Receipts: $19,845
Assets and Liabilities:
- Total Assets: $12,399
- Total Liabilities: $0
- Net Assets: $12,399
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SALES OF USED BOOKS
Revenue
$9,924
Organization Details
Founding Year
1989
Phone
(860) 945-5360Principal Officer
James Czarzasty
Main Address
470 MAIN STREET, WATERTOWN, CT, 06795
NTEE Category
Code: B70 - Education
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