Overview
What is The Community Library?
The Community Library, located at 110 Union Street, Cobleskill, New York 12043, is a nonprofit organization dedicated to serving the general public. With a team of 11 dedicated individuals, this institution provides a wealth of resources for reading, research, and other educational materials. Their mission is to promote knowledge and learning opportunities for everyone in the community, fostering a culture of intellectual growth and curiosity.
Official website here: www.communitylibary.mvls.info
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars
The Community Library has received a "Needs Improvement" rating from Charity Navigator, scoring 64% overall. The rating reflects strong governance practices, with 100% of board members being independent, and solid policies in place for conflict of interest, whistleblower protection, and document retention. Additionally, the organization's financial liabilities are minimal, indicating healthy management of resources.
However, the organization does face significant limitations in financial transparency, having received no points for financial statements. This lack of accessible and detailed financial reporting can hinder potential donors' trust and insight into the library's operations. While the program expense ratio is 53.15%, which suggests over half of its expenditures go towards programs, it still falls short of the expected benchmarks for effective nonprofit management.
Overall, while The Community Library demonstrates commendable governance and financial health, the absence of detailed financial statements is a critical area for improvement. Strengthening this aspect could enhance transparency and potentially improve its rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is The Community Library legitimate?
The Community Library is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Community 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: $48,828
Professional Fundraising Fees: $0
Other Salaries and Wages: $121,371
For more financial information, click here
Official website here: www.communitylibary.mvls.info
What is the mission statement of The Community Library?
The Community Library's mission is centered around providing a wide range of resources for the general public. This encompasses reading materials, research materials, and various other educational tools. By doing so, the library aims to contribute to the community's knowledge and learning, fostering an environment that encourages intellectual growth and discovery. The library's activities are tailored towards serving the public, ensuring that everyone has access to the resources they need for personal growth and enrichment.
Official website here: www.communitylibary.mvls.info
Who is the CEO of The Community Library?
Linda Carpenter is the Treasurer of The Community Library.
Official website here: www.communitylibary.mvls.info
What is the revenue of The Community Library?
The Community Library's revenue in 2022 was $755,872.
Official website here: www.communitylibary.mvls.info
Who are the executives of The Community Library and what are their salaries?
The average compensation at The Community Library during 2022 was $15,473. There are 11 employees at The Community Library.
Here are 12 key members and their salaries:
- Compensation: $2,550
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Official website here: www.communitylibary.mvls.info
Where can I find the form 990 for The Community Library?
The Community Library's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.communitylibary.mvls.info
Learn more at the official website: www.communitylibary.mvls.info
Mission Statement of The Community Library
The Community Library, as its name suggests, is committed to providing a wide range of reading materials, research resources, and other educational tools to the general public. Its mission is to serve as a hub for knowledge, fostering an environment where individuals can engage in reading, learning, and research. By offering a vast array of resources, this nonprofit organization aims to cater to the informational needs of the community, thereby promoting literacy and lifelong learning.
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Impact
October, 2024
The Community Library in Cobleskill, NY, significantly impacts its community by providing essential access to reading, research materials, and resources. By fostering a culture of learning and exploration, the library serves as a vital hub for education, empowering individuals of all ages to expand their knowledge and improve literacy skills. Its commitment to making information accessible enhances the overall educational landscape, encouraging lifelong learning and personal growth among community members. Through various programs and resources, The Community Library supports a well-informed and engaged population, ultimately contributing to the betterment of the Cobleskill community.
This information is meant to be a general summary of The Community 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 2022.
- Investment Income: $5,614
- Program Service Revenue: $3,260
- Gross Receipts: $755,872
Assets and Liabilities:
- Total Assets: $2,930,846
- Total Liabilities: $4,995
- Net Assets: $2,925,851
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FINES AND REIMBURSEMENTS
Revenue
$3,260
Organization Details
Founding Year
1950
Phone
(518) 234-7897Principal Officer
Linda Carpenter
Main Address
110 UNION ST, Cobleskill, NY, 120435711
NTEE Category
Code: B700 - Education
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