Overview
What is The Cold Spring Harbor Library Friends Foundation?
The Cold Spring Harbor Library Friends Foundation is a dedicated nonprofit organization situated in Cold Spring Harbor, New York. Established with the mission to support the Cold Spring Harbor Village Improvement Society Library, Inc., the foundation primarily engages in fundraising activities. Its primary goal is to ensure the continuous growth and development of the library, contributing to the community's educational and informational needs. The foundation operates as an entity-specific fundraiser, dedicating its efforts to the library's well-being and success.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Star rating)
The Cold Spring Harbor Library Friends Foundation has received a respectable Three-Star rating from Charity Navigator, indicating a solid performance in terms of accountability and finance. The score reflects a strong commitment to financial transparency and governance, with key indicators such as a 100% independent board and no material diversion of assets contributing positively to its overall evaluation.
The foundation excels particularly in its accountability practices, achieving full marks in several categories, including independent board size and the absence of asset diversion. However, it has missed points due to the absence of a whistleblower policy and document retention and destruction policies, which are notable areas for improvement. Despite these shortcomings, the foundation boasts a healthy program expense ratio of 78.34%, demonstrating effective allocation of resources towards its mission.
Overall, while the foundation shows a strong commitment to financial management and governance, there are opportunities to enhance its accountability frameworks. Continuous improvement in its policy documentation could further bolster its standing and reassure stakeholders of its integrity and oversight practices.
This AI summary has been generated from information found on Charity Navigator.
Is The Cold Spring Harbor Library Friends Foundation legitimate?
The Cold Spring Harbor Library Friends Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Cold Spring Harbor Library Friends Foundation 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
For more financial information, click here
What is the mission statement of The Cold Spring Harbor Library Friends Foundation?
The Cold Spring Harbor Library Friends Foundation serves as a fundraising entity, dedicated to providing ongoing support for the Cold Spring Harbor Library. Its mission is centered around advocating for the library's growth and development. The foundation's primary objective is to contribute to the continued success of the Cold Spring Harbor Village Improvement Society Library, Inc. This is accomplished through various means, including securing financial resources for the library's upkeep and expansion. The foundation's role is instrumental in ensuring the library's continued availability and accessibility to the community.
What is the revenue of The Cold Spring Harbor Library Friends Foundation?
The Cold Spring Harbor Library Friends Foundation's revenue in 2024 was $32,090.
Who are the executives of The Cold Spring Harbor Library Friends Foundation and what are their salaries?
Here are 5 key members and their salaries:
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- Compensation: $0
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Where can I find the form 990 for The Cold Spring Harbor Library Friends Foundation?
The Cold Spring Harbor Library Friends Foundation's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of The Cold Spring Harbor Library Friends Foundation
The Cold Spring Harbor Library Friends Foundation is a dedicated entity that serves a fundraising purpose, with its primary mission being to support the Cold Spring Harbor Library continuously. This support is aimed at enhancing the operations and services provided by the Cold Spring Harbor Village Improvement Society Library, Inc. The Foundation's role is crucial in ensuring the library's growth and development, thereby contributing to the wider community's knowledge and learning opportunities.
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Impact
August, 2024
The Cold Spring Harbor Library Friends Foundation's impact lies in its unwavering support for the Cold Spring Harbor Library. Through its fundraising efforts, the foundation plays a crucial role in ensuring the continued growth and success of the library. This support directly benefits the Cold Spring Harbor community by providing access to educational resources and programs that enrich the lives of its residents. By championing the library's mission, the foundation contributes to the enhancement of education and learning opportunities for all who utilize this vital community resource.
This information is meant to be a general summary of The Cold Spring Harbor Library Friends Foundation. 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: $21,713
- Gross Receipts: $393,131
Assets and Liabilities:
- Total Assets: $817,618
- Total Liabilities: $0
- Net Assets: $817,618
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Organization Details
Founding Year
2001
Principal Officer
Elizabeth Fuchs
NTEE Category
Code: B117 - Education
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