Overview
What is Southold Free Library?
Southold Free Library is a nonprofit organization situated in Southold, New York, primarily dedicated to library services. With a strong focus on library science, the library generated an impressive revenue of $1,104,390 during the previous year. This institution plays a significant role in the community, offering a variety of library services to its patrons.
Official website here: www.southoldlibrary.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 95%, Four-Star out of Four Star rating.
The Southold Free Library has achieved a notable Four-Star rating from Charity Navigator, reflecting its high accountability and financial health. The organization's strong score in Accountability & Finance indicates that it maintains rigorous oversight and management practices, which are essential for trust and transparency in nonprofit operations.
Key strengths include a fully independent board and robust financial practices, evidenced by perfect scores in several categories such as conflict of interest policies and document retention protocols. With a program expense ratio of 89.63%, the library effectively allocates a significant portion of its resources directly to its mission, further demonstrating its commitment to serving the community.
While the data highlights strong organizational practices, it does not mention specific programs or services offered by the library, which may be important for potential donors or supporters looking to understand the impact of their contributions. Overall, Southold Free Library exemplifies sound governance and financial integrity, making it a trustworthy choice for support.
This AI summary has been generated from information found on Charity Navigator.
Is Southold Free Library legitimate?
Southold Free Library is a legitimate nonprofit organization registered as a 501(c)(3) entity. Southold Free Library 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: $107,221
Professional Fundraising Fees: $0
Other Salaries and Wages: $363,209
For more financial information, click here
Official website here: www.southoldlibrary.org
What is the mission statement of Southold Free Library?
The Southold Free Library serves as a hub for library services, specializing in library science. Its primary goal is to provide a range of resources and facilities for the community, ensuring access to knowledge and information. The library strives to support learning, research, and recreational activities, fostering a love for reading and education for its patrons. The library's operations are driven by a commitment to library science, ensuring it remains a vital resource in the community. Last year, the library generated a revenue of $1,104,390, demonstrating its importance and impact in the community.
Official website here: www.southoldlibrary.org
Who is the CEO of Southold Free Library?
Lisa Davidoff is the President of Southold Free Library.
Official website here: www.southoldlibrary.org
What is the revenue of Southold Free Library?
Southold Free Library's revenue in 2023 was $2,304,844.
Official website here: www.southoldlibrary.org
Who are the executives of Southold Free Library and what are their salaries?
The average compensation at Southold Free Library during 2023 was $24,759. There are 19 employees and 9 volunteers at Southold Free Library.
Here are 10 key members and their salaries:
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Official website here: www.southoldlibrary.org
Where can I find the form 990 for Southold Free Library?
Southold Free Library's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.southoldlibrary.org
Learn more at the official website: www.southoldlibrary.org
Mission Statement of Southold Free Library
Southold Free Library, as a nonprofit organization, is dedicated to providing comprehensive library services. Its mission revolves around the field of library science, ensuring that it offers a wide range of resources to its users. The library generates revenue, amounting to $1,104,390 annually, to support its operations. The Southold Free Library serves as a vital hub for knowledge and information, fostering a community of learners and providing an environment conducive to intellectual growth and discovery.
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Impact
July, 2024
Southold Free Library plays a crucial role in the community by providing essential library services to residents of Southold, NY. Through its focus on library science, the library contributes to educational opportunities, literacy promotion, cultural enrichment, and lifelong learning for individuals of all ages. Its impact extends beyond its physical location, reaching individuals who access its resources both in person and online. The library's activities help foster a love for reading, research skills, and access to information, ultimately contributing to the intellectual development and well-being of the community it serves.
This information is meant to be a general summary of Southold Free Library. 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: $18,109
- Program Service Revenue: $4,269
- Gross Receipts: $2,304,844
Assets and Liabilities:
- Total Assets: $4,739,497
- Total Liabilities: $75,737
- Net Assets: $4,663,760
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOST MATERIALS
Revenue
$650
MISCELLANEOUS REVENUE
Revenue
$10
PRINTING & COPIER FEES
Revenue
$3,609
Organization Details
Founding Year
1928
Phone
(631) 765-2077Principal Officer
Lisa Davidoff
Main Address
PO BOX 697, SOUTHOLD, NY, 11971
Website
www.southoldlibrary.orgNTEE Category
Code: B72Z - Education
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