Overview
What is The Nyack Library?
The Nyack Library is a community-focused nonprofit organization situated in Nyack, New York. Established with the aim of addressing the educational and cultural needs of its local populace, the library offers a vast array of resources and professional assistance to help individuals expand their knowledge, enrich their lives, and satisfy their intellectual, cultural, educational, and recreational needs. The library's dedicated team of staff members ensures that these resources are accessible to the community at no cost. With a workforce of 68 individuals, the Nyack Library plays an essential role in fostering learning, personal growth, and community engagement in the area.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85% (Three-Star out of Four Star rating)
The Nyack Library has received a solid Three-Star rating from Charity Navigator, indicating a commendable level of accountability and transparency in its operations. The organization scores highly in areas such as board independence and financial oversight, with 100% of its board members being independent and a perfect score for its audit and oversight practices. This suggests a well-governed organization committed to ethical management.
Among its strengths, the library also boasts an impressive program expense ratio of 85.51%, reflecting its dedication to directing funds towards its mission-oriented activities. Policies related to conflict of interest, whistleblower protections, and document retention are all effectively implemented, further demonstrating the library's commitment to transparency and good governance.
However, the library does face some challenges, specifically in its liabilities to assets ratio, which stands at 66.89%. This could indicate potential financial strain or reliance on debt, warranting attention from stakeholders interested in the library's long-term financial health. Overall, while the Nyack Library demonstrates strong governance and program focus, monitoring its financial liabilities will be crucial for its future sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is The Nyack Library legitimate?
The Nyack Library is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Nyack 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: $97,515
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,331,368
For more financial information, click here
What is the mission statement of The Nyack Library?
The Nyack Library's mission is to serve its community by providing free access to a variety of resources, including books, materials, and professional assistance. This service aims to help individuals expand their knowledge, broaden their lives, and fulfill their cultural, intellectual, educational, and recreational needs. The library's caring staff is committed to assisting the community in this endeavor, thereby contributing to the overall enrichment of its members. The library is organized to meet the educational and cultural needs of its community.
What is the revenue of The Nyack Library?
The Nyack Library's revenue in 2024 was $3,475,723.
Who are the executives of The Nyack Library and what are their salaries?
The average compensation at The Nyack Library during 2024 was $21,013. There are 68 employees and 11 volunteers at The Nyack Library.
Here are 12 key members and their salaries:
- Compensation: $97,515
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Where can I find the form 990 for The Nyack Library?
The Nyack Library's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of The Nyack Library
The Nyack Library, as an organization, is committed to serving its community by providing them with the necessary resources and professional, caring staff assistance. Its mission is to facilitate the acquisition of knowledge, enrich lives, and fulfill cultural, intellectual, educational, and recreational needs. By offering free access to its resources, the library aims to help individuals broaden their horizons and meet their diverse needs. The Nyack Library is structured to cater to the educational and cultural requirements of its community.
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Impact
July, 2024
The Nyack Library plays a crucial role in the community by providing individuals with the materials and professional support they need to expand their knowledge, enrich their lives, and meet their cultural, educational, and recreational needs. By offering free access to a wide range of resources, the library serves as a hub for learning and personal growth in Nyack, NY. Its impact is especially notable in promoting education and fostering intellectual development among community members.
This information is meant to be a general summary of The Nyack 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 2024.
- Investment Income: $116,865
- Program Service Revenue: $42,418
- Gross Receipts: $3,609,324
Assets and Liabilities:
- Total Assets: $11,870,602
- Total Liabilities: $7,940,611
- Net Assets: $3,929,991
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LIBRARY CHARGES
Revenue
$22,074
OTHER INCOME
Revenue
$5,614
PARKING LOT FEES
Revenue
$14,730
Organization Details
Founding Year
1879
Principal Officer
Moriah Olsen
NTEE Category
Code: B71Z - Education
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