Overview
What is New Haven Free Public Library Foundation Incorporated?
The New Haven Free Public Library Foundation Incorporated is a nonprofit organization situated in New Haven, Connecticut, specifically at 133 Elm Street. Its primary objective is to collect funds for the betterment of the New Haven Free Public Library. These funds are utilized for various purposes, including improving the library's collection of print and digital resources, delivering community services, supporting strategic priorities, and ensuring the library's longevity as a free institution for future generations. The Foundation collaborates with the library to raise funds for significant initiatives and innovative projects aimed at enhancing the library's services for the residents of New Haven. The organization has a small team of two dedicated individuals working towards its mission.
Official website here: www.nhfpl.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%, Four-Star out of Four Star rating.
The New Haven Free Public Library Foundation has achieved a high score of 97%, leading to its recognition as a Four-Star charity. This rating reflects their strong commitment to accountability and finance, with a perfect score across various metrics, demonstrating robust governance and transparency in their operations. The organization has an entirely independent board, which is a significant strength and indicates strong oversight.
The charity's financial health is also commendable, as indicated by its 0.00% liabilities to assets ratio and a program expense ratio of 97.89%. This suggests that the majority of their funds are directed towards their programs rather than administrative costs, further illustrating their effectiveness and dedication to serving the community.
While the rating is exceptional, the reliance on a single beacon score means that additional metrics such as impact and outcomes are not reflected in this evaluation. Nonetheless, the foundation's operational policies, including those related to conflicts of interest and whistleblower protections, enhance their credibility and reliability as a nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is New Haven Free Public Library Foundation Incorporated legitimate?
New Haven Free Public Library Foundation Incorporated is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Haven Free Public Library Foundation Incorporated 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: $53,997
For more financial information, click here
Official website here: www.nhfpl.org
What is the mission statement of New Haven Free Public Library Foundation Incorporated?
The New Haven Free Public Library Foundation's mission is to collaborate with the New Haven Free Public Library to raise funds for significant initiatives and innovative projects. These projects aim to enhance the library's services, improve its collection of resources, support community programs, and ensure the library's continued operation as a free and democratic institution for future generations. The foundation promotes the library's work, fosters community support, and oversees the utilization of donated funds.
Official website here: www.nhfpl.org
Who is the CEO of New Haven Free Public Library Foundation Incorporated?
Michael J Morand is the President of New Haven Free Public Library Foundation Incorporated.
Official website here: www.nhfpl.org
What is the revenue of New Haven Free Public Library Foundation Incorporated?
New Haven Free Public Library Foundation Incorporated's revenue in 2022 was $488,211.
Official website here: www.nhfpl.org
Who are the executives of New Haven Free Public Library Foundation Incorporated and what are their salaries?
The average compensation at New Haven Free Public Library Foundation Incorporated during 2022 was $26,998. There are 2 employees and 25 volunteers at New Haven Free Public Library Foundation Incorporated.
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Official website here: www.nhfpl.org
Where can I find the form 990 for New Haven Free Public Library Foundation Incorporated?
New Haven Free Public Library Foundation Incorporated's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nhfpl.org
Learn more at the official website: www.nhfpl.org
Mission Statement of New Haven Free Public Library Foundation Incorporated
The New Haven Free Public Library Foundation Incorporated is committed to working in partnership with the New Haven Free Public Library. Their primary mission is to raise funds for significant initiatives and innovative projects that aim to enhance the library's services for the residents of New Haven. By securing general operating funds, project-specific funding, and endowments, the Foundation supports the library in improving its collection of print and digital resources, delivering community services and programs, and sustaining its role as a free and democratic institution for future generations. The Foundation serves as a catalyst for community support, promoting the library's work and providing oversight and stewardship for the contributed funds.
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Impact
July, 2024
The New Haven Free Public Library Foundation Incorporated plays a crucial role in supporting the New Haven Free Public Library by raising funds for major initiatives and innovative projects. This support has a direct impact on the residents of New Haven by enhancing the services and resources available at the library. Through fundraising efforts, the Foundation helps the library improve its collection of print and online resources, deliver essential community services and programs, support strategic priorities and projects, and ensure the sustainability of the library as a free and democratic institution for future generations. By promoting the work of the library, building community support, and providing oversight of contributed funds, the Foundation contributes significantly to the educational and cultural enrichment of the New Haven community.
This information is meant to be a general summary of New Haven Free Public Library Foundation Incorporated. 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: $4,780
- Gross Receipts: $493,419
Assets and Liabilities:
- Total Assets: $1,231,888
- Total Liabilities: $0
- Net Assets: $1,231,888
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Organization Details
Founding Year
2003
Phone
(203) 946-8139Principal Officer
Michael J Morand
Main Address
133 Elm Street, New Haven, CT, 06510
Website
www.nhfpl.orgNTEE Category
Code: B70Z - Education
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