Overview
What is The Booth & Dimock Memorial Library Incorporated?
The Booth & Dimock Memorial Library Incorporated, situated at 1134 Main Street, Coventry, CT 06238, is a nonprofit organization dedicated to serving its community. The library provides a vast array of printed and media materials, reference works, and a public meeting room, all under the guidance of skilled librarians. Its mission is to offer a wide range of library services and programs to the community, aiming to enrich and educate its residents. The organization is staffed by 17 dedicated individuals, ensuring the library's operations run smoothly.
Official website here: www.coventrypl.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 55% (One-Star out of Four Star rating)
The Booth & Dimock Memorial Library Incorporated has received a 55% rating from Charity Navigator, indicating significant room for improvement in its accountability and financial practices. While the organization boasts a fully independent board, which is a strength, it has not provided essential financial statements, leading to a low score in this area.
Despite having a low program expense ratio of 58.70%, the library has shown responsible asset management with a liabilities to assets ratio of just 0.10%. However, the absence of critical policies, such as those addressing conflicts of interest and whistleblower protections, raises concerns about governance and accountability.
Additionally, the lack of transparency due to missing financial documents on its website may contribute to its overall low rating. The library has elements of strength in board independence and asset management, but the deficiencies in policy and financial reporting present challenges that the organization will need to address to improve trust and support from the community.
This AI summary has been generated from information found on Charity Navigator.
Is The Booth & Dimock Memorial Library Incorporated legitimate?
The Booth & Dimock Memorial Library Incorporated is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Booth & Dimock Memorial Library 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: $73,923
Professional Fundraising Fees: $0
Other Salaries and Wages: $294,107
For more financial information, click here
Official website here: www.coventrypl.org/
What is the mission statement of The Booth & Dimock Memorial Library Incorporated?
The Booth & Dimock Memorial Library Incorporated is committed to serving the community by providing a wide array of library services and programs. This is achieved through offering a diverse selection of printed and media materials, reference works, a public meeting room, and the expertise of skilled librarians. The library's mission is to be a resource for the community, providing access to knowledge and fostering a space for community gatherings and intellectual growth.
Official website here: www.coventrypl.org/
Who is the CEO of The Booth & Dimock Memorial Library Incorporated?
Margaret Khan is the Library Dire of The Booth & Dimock Memorial Library Incorporated.
Official website here: www.coventrypl.org/
What is the revenue of The Booth & Dimock Memorial Library Incorporated?
The Booth & Dimock Memorial Library Incorporated's revenue in 2023 was $614,118.
Official website here: www.coventrypl.org/
Who are the executives of The Booth & Dimock Memorial Library Incorporated and what are their salaries?
The average compensation at The Booth & Dimock Memorial Library Incorporated during 2023 was $21,649. There are 17 employees and 9 volunteers at The Booth & Dimock Memorial Library Incorporated.
Here are 10 key members and their salaries:
- Compensation: $73,923
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Official website here: www.coventrypl.org/
Where can I find the form 990 for The Booth & Dimock Memorial Library Incorporated?
The Booth & Dimock Memorial Library Incorporated's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.coventrypl.org/
Learn more at the official website: www.coventrypl.org/
Mission Statement of The Booth & Dimock Memorial Library Incorporated
The Booth & Dimock Memorial Library Incorporated is dedicated to serving its community by providing a diverse range of library services and programs. This esteemed institution offers a vast array of printed and media materials, along with reference works, for the benefit of its patrons. Furthermore, it features a public meeting room and employs skilled librarians to cater to the informational needs of the community. By offering these resources, The Booth & Dimock Memorial Library Incorporated plays a pivotal role in fostering knowledge and promoting intellectual growth within its community.
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Impact
July, 2024
The Booth & Dimock Memorial Library Incorporated positively impacts the community by providing a wide range of library services and programs in Coventry, CT. Through offering printed and media materials, reference works, a public meeting room, and the expertise of skilled librarians, the library serves as a valuable educational resource for individuals of all ages. Its commitment to fostering literacy, learning, and community engagement exemplifies its dedication to enriching the lives of its patrons.
This information is meant to be a general summary of The Booth & Dimock Memorial Library 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 2023.
- Investment Income: $39,154
- Program Service Revenue: $1,680
- Gross Receipts: $614,118
Assets and Liabilities:
- Total Assets: $891,028
- Total Liabilities: $918
- Net Assets: $890,110
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
COPIER AND FAX FEES
Revenue
$1,344
BOOK SALES
Revenue
$190
FINES
Revenue
$146
Organization Details
Founding Year
1880
Phone
(860) 742-7606Principal Officer
Margaret Khan
Main Address
1134 MAIN STREET, COVENTRY, CT, 06238
Website
www.coventrypl.org/NTEE Category
Code: B70 - Education
If you are a representative of The Booth & Dimock Memorial Library Incorporated and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.