Overview
What is Skaneateles Library Association?
The Skaneateles Library Association, situated at 49 East Genesse Street, Skaneateles, New York 13152, is a nonprofit organization with a mission to inspire learning, enrich lives, and connect their community. They are primarily dedicated to providing routine library services to their local service area. Their team, comprising 14 individuals, works diligently to fulfill this mission, offering resources and facilities that promote intellectual growth and community engagement.
Official website here: www.skaneateleslibrary.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 91%, Four-Star out of Four Star rating
The Skaneateles Library Association has achieved a commendable 91% score from Charity Navigator, indicating a strong commitment to accountability and financial management. This rating, derived from a single beacon score, emphasizes the organization’s financial health and governance practices, which are critical for sustaining its operations and serving the community effectively.
One of the notable strengths of the library association is its governance structure, with 100% of board members being independent, ensuring impartiality in decision-making. The organization also demonstrates transparency in its financial practices, with no reported material diversion of assets and all required policies, such as conflict of interest and whistleblower policies, being properly documented. Additionally, it maintains a strong liabilities-to-assets ratio, reflecting solid financial stability.
However, while the program expense ratio is relatively high at 65.98%, it is slightly below the ideal benchmark of 75%. This may suggest room for improvement in allocating funds directly to programs rather than administrative costs. Overall, the Skaneateles Library Association exhibits effective governance and financial practices, but it could enhance its impact by focusing on increasing program expenditures.
This AI summary has been generated from information found on Charity Navigator.
Is Skaneateles Library Association legitimate?
Skaneateles Library Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Skaneateles Library Association 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: $81,181
Professional Fundraising Fees: $0
Other Salaries and Wages: $199,874
For more financial information, click here
Official website here: www.skaneateleslibrary.org
What is the mission statement of Skaneateles Library Association?
The Skaneateles Library Association's mission is to stimulate learning, enhance lives, and foster a sense of community. They achieve this by offering regular library services to the local population. The association is dedicated to providing resources that inspire intellectual growth and personal enrichment, thereby connecting its community on various levels.
Official website here: www.skaneateleslibrary.org
Who is the CEO of Skaneateles Library Association?
Nicole A Marquis is the Principal Officer of Skaneateles Library Association.
Official website here: www.skaneateleslibrary.org
What is the revenue of Skaneateles Library Association?
Skaneateles Library Association's revenue in 2022 was $659,946.
Official website here: www.skaneateleslibrary.org
Who are the executives of Skaneateles Library Association and what are their salaries?
The average compensation at Skaneateles Library Association during 2022 was $20,075. There are 14 employees and 50 volunteers at Skaneateles Library Association.
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- Compensation: $66,397
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- Other: $13,625
Official website here: www.skaneateleslibrary.org
Where can I find the form 990 for Skaneateles Library Association?
Skaneateles Library Association's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.skaneateleslibrary.org
Learn more at the official website: www.skaneateleslibrary.org
Mission Statement of Skaneateles Library Association
The Skaneateles Library Association, as a dedicated provider of library services, is committed to inspiring learning, enriching lives, and fostering a sense of community. Its mission is to cater to the needs of its local service area by offering a range of resources and opportunities that encourage intellectual growth and personal development. The association strives to connect individuals within its community, creating a space where knowledge is shared and relationships are nurtured. By providing routine library services, the Skaneateles Library Association seeks to contribute to the overall well-being and education of its community members.
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Impact
July, 2024
The Skaneateles Library Association provides unique and vital library services to its local community. By inspiring learning, enriching lives, and connecting the community, the association plays a significant role in fostering education and cultural growth in Skaneateles, NY. Their consistent dedication to providing routine library services demonstrates a commitment to enhancing the lives of individuals and strengthening the community as a whole.
This information is meant to be a general summary of Skaneateles Library Association. 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: $126,307
- Program Service Revenue: $357,162
- Gross Receipts: $857,573
Assets and Liabilities:
- Total Assets: $2,819,323
- Total Liabilities: $6,144
- Net Assets: $2,813,179
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
OPERATING REVENUE
Revenue
$357,162
Organization Details
Founding Year
1877
Phone
(315) 685-5135Principal Officer
Nicole A Marquis
Main Address
49 EAST GENESEE STREET, SKANEATELES, NY, 13152
Website
www.skaneateleslibrary.orgNTEE Category
Code: B71Z - Education
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