Overview
What is Pikes Peak Library District Foundation Inc?
Pikes Peak Library District Foundation Inc is a nonprofit organization situated in Colorado Springs, Colorado. Their primary mission is to aid the Pikes Peak Library District in fulfilling its operational and capital requirements. This includes providing essential library services such as literacy programs, ensuring that the district's citizens have access to these resources. The foundation's activities revolve around fundraising, with the ultimate goal of supporting the educational and library services offered by the Pikes Peak Library District. This nonprofit organization operates with a strong dedication to promoting literacy and library-related services in the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 98% (Four-Star out of Four Stars)
Pikes Peak Library District Foundation Inc has achieved a remarkable Four-Star rating from Charity Navigator, reflecting its exemplary performance in Accountability and Finance. With a score of 98%, the organization demonstrates a strong commitment to transparency and efficient financial management, which is crucial for donor trust and confidence. The rating is based entirely on its Accountability and Finance score, indicating robust governance practices.
The foundation's strengths include a fully independent board consisting of 16 members and comprehensive oversight mechanisms, such as an Audit and Oversight Committee. Additionally, there are no reported instances of material diversion of assets, and the organization has established clear conflict of interest and whistleblower policies. Such practices contribute to a healthy operational environment that prioritizes ethical standards.
While the foundation exhibits strong financial ratios, including a program expense ratio of 70.88%, underscoring its focus on program delivery, there are always areas for potential growth. Continued attention to community engagement and expanding outreach efforts could further enhance its impact and support for library services in the region. Overall, Pikes Peak Library District Foundation Inc stands out as a well-managed nonprofit, dedicated to its mission and responsible with its resources.
This AI summary has been generated from information found on Charity Navigator.
Is Pikes Peak Library District Foundation Inc legitimate?
Pikes Peak Library District Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pikes Peak Library District Foundation 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $160,209
For more financial information, click here
What is the mission statement of Pikes Peak Library District Foundation Inc?
The Pikes Peak Library District Foundation Inc's mission is centered around raising funds to enhance the educational literacy and various library services offered by the Pikes Peak Library District. In essence, their objective is to aid the district in meeting its operational and capital needs, thereby enabling the provision of literacy and library-related services to the district's citizens. The foundation plays a crucial role in supporting the district's mission of providing these essential services to its community.
Who is the CEO of Pikes Peak Library District Foundation Inc?
Jennifer Bain is the President of Pikes Peak Library District Foundation Inc.
What is the revenue of Pikes Peak Library District Foundation Inc?
Pikes Peak Library District Foundation Inc's revenue in 2022 was $1,251,710.
Who are the executives of Pikes Peak Library District Foundation Inc and what are their salaries?
There 14 volunteers at Pikes Peak Library District Foundation Inc.
Here are 12 key members and their salaries:
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Where can I find the form 990 for Pikes Peak Library District Foundation Inc?
Pikes Peak Library District Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Pikes Peak Library District Foundation Inc
Pikes Peak Library District Foundation Inc is a nonprofit organization committed to raising funds to bolster the educational literacy and various library services offered by the Pikes Peak Library District. Their mission is to provide financial assistance for the district's operational and capital needs, ensuring that a wide range of library-related services can be provided to the community. The foundation's role is crucial in supporting the district's efforts to promote literacy and offer diverse library services to the citizens within the Pikes Peak Library District.
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Impact
July, 2024
Pikes Peak Library District Foundation Inc's impact lies in its ability to raise funds to support educational literacy and other vital library services provided by the Pikes Peak Library District. Through its efforts, the foundation assists the district in fulfilling programming, operational, and capital needs, enabling the provision of essential literacy and library-related services to the citizens of the Pikes Peak Library District. By focusing on education, the foundation plays a crucial role in enhancing community access to information, resources, and opportunities for growth and development.
This information is meant to be a general summary of Pikes Peak Library District Foundation 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 2022.
- Investment Income: -$332,977
- Gross Receipts: $1,251,710
Assets and Liabilities:
- Total Assets: $3,333,961
- Total Liabilities: $211,849
- Net Assets: $3,122,112
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Organization Details
Founding Year
2003
Principal Officer
Jennifer Bain
Main Address
1175 CHAPEL HILLS DR, COLORADO SPGS, CO, 809203952
NTEE Category
Code: B80 - Education
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