Overview
What is The Bill Library Asscociation Inc?
The Bill Library Association Inc, based in Gales Ferry, Connecticut, is a dedicated nonprofit organization with a focus on supporting Ledyard's libraries. Their primary objectives include maintaining the Bill and Gales Ferry libraries, purchasing necessary books and materials, and granting scholarships to deserving students attending Ledyard High School. By doing so, they contribute to the community's knowledge base and invest in the future of local youth.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87%, Three-Star out of Four Stars
The Bill Library Association Inc has received an impressive rating of 87%, indicating a solid level of accountability and financial management. This score is derived entirely from their Accountability & Finance metrics, suggesting the organization maintains a strong focus on transparency and responsible stewardship of its resources.
Strengths of the organization include a fully independent board, which is comprised of 21 members, all contributing to high scores in governance and oversight. The organization also demonstrates no material diversion of assets and adheres to documented policies regarding conflict of interest and document retention. Additionally, their financial health is reflected in a favorable liabilities to assets ratio of 0.00% and a full allocation of expenses to programs.
While the rating highlights several strengths, the summary does not mention any specific limitations or areas for improvement. Overall, The Bill Library Association Inc appears to be effectively managed and committed to its mission, making it a reliable choice for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is The Bill Library Asscociation Inc legitimate?
The Bill Library Asscociation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Bill Library Asscociation 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.
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What is the mission statement of The Bill Library Asscociation Inc?
The Bill Library Association Inc's mission is centered around supporting and enhancing Ledyard's libraries. They aim to maintain the libraries' operations and allocate funds for this purpose. Additionally, the organization takes part in purchasing selected books and materials to enrich the library's collection. Furthermore, they offer scholarship grants to graduating students from Ledyard High School, aiming to support their future educational endeavors.
What is the revenue of The Bill Library Asscociation Inc?
The Bill Library Asscociation Inc's revenue in 2024 was $77,442.
Who are the executives of The Bill Library Asscociation Inc and what are their salaries?
There 30 volunteers at The Bill Library Asscociation Inc.
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Where can I find the form 990 for The Bill Library Asscociation Inc?
The Bill Library Asscociation Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of The Bill Library Asscociation Inc
The Bill Library Association Inc is committed to upholding and strengthening the Bill and Gales Ferry libraries within the town of Ledyard. One of their primary objectives is to maintain funds specifically designated for this purpose. Beyond this, the association also takes on the task of procuring selected books and educational materials for these libraries. Furthermore, The Bill Library Association Inc extends its support to the community by providing scholarship grants to deserving students graduating from Ledyard High School. These grants aim to assist these students in their future academic pursuits, thereby contributing to their overall personal and professional growth.
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Impact
August, 2024
The Bill Library Association Inc's impact is significant in supporting the Bill and Gales Ferry libraries of the town of Ledyard in Connecticut. They play a crucial role in maintaining and supporting these libraries, purchasing selected books and materials, and providing scholarship grants to students attending Ledyard High School. Their dedication to fostering education and access to resources in the community is evident through their ongoing efforts and contributions.
This information is meant to be a general summary of The Bill Library Asscociation 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: $73,570
- Gross Receipts: $77,442
Assets and Liabilities:
- Total Assets: $1,482,338
- Total Liabilities: $0
- Net Assets: $1,482,338
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Organization Details
Founding Year
1897
Principal Officer
Diane Holmberg
NTEE Category
Code: B70 - Education
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