Overview
What is Saranac Lake Free Library?
The Saranac Lake Free Library is a vital nonprofit establishment situated in the Saranac Lake - Harrietstown region of New York. Its primary objective is to serve the local community by offering a vast array of educational and informative resources, including books, at no cost. The library also extends its facilities to accommodate various community activities, thereby fulfilling its mission to enrich and entertain the region's residents. The Saranac Lake Free Library strives to provide traditional library services, such as educational programs and resources, to the greater Saranac Lake area.
Official website here: www.slfl.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star Rating)
The Saranac Lake Free Library has received a two-star rating from Charity Navigator, indicating that while it maintains a strong accountability and finance score of 100%, there are significant areas for improvement in transparency. The library boasts an independent board, with all members being independent, which is a positive aspect reflecting good governance. However, its lack of financial statements and absence of certain policies such as a whistleblower policy and document retention policy detracts from its overall rating.
Despite the accountability strengths, the library has no financial statements available, resulting in a low score in that area. Additionally, while it has a solid program expense ratio of 69.20%, which indicates effective use of funds for its programs, the missing documents and policies impact its transparency and overall trustworthiness.
In summary, the Saranac Lake Free Library demonstrates strengths in governance and program funding, yet it faces challenges in providing necessary financial documentation and policies, which are critical for fostering donor confidence and organizational credibility. Addressing these limitations could enhance its rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Saranac Lake Free Library legitimate?
Saranac Lake Free Library is a legitimate nonprofit organization registered as a 501(c)(3) entity. Saranac Lake Free 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $289,028
For more financial information, click here
Official website here: www.slfl.org
What is the mission statement of Saranac Lake Free Library?
The Saranac Lake Free Library, in its mission, seeks to offer educational and informational services typically associated with community libraries to the residents of a broader Saranac Lake region. The library upholds this objective by providing a vast collection of books and various information resources at no cost to the public. In addition, the library facility serves as a venue for community activities, thereby adhering to its commitment to serve as a public library, offering education and enjoyment opportunities to the local community.
Official website here: www.slfl.org
Who is the CEO of Saranac Lake Free Library?
Beccaria Michael is the Trustee of Saranac Lake Free Library.
Official website here: www.slfl.org
What is the revenue of Saranac Lake Free Library?
Saranac Lake Free Library's revenue in 2022 was $584,783.
Official website here: www.slfl.org
Who are the executives of Saranac Lake Free Library and what are their salaries?
The average compensation at Saranac Lake Free Library during 2022 was $26,275. There are 11 employees at Saranac Lake Free Library.
Here are 12 key members and their salaries:
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Official website here: www.slfl.org
Where can I find the form 990 for Saranac Lake Free Library?
Saranac Lake Free Library's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.slfl.org
Learn more at the official website: www.slfl.org
Mission Statement of Saranac Lake Free Library
The Saranac Lake Free Library, as its name suggests, is committed to providing educational and informational services that are customary to a community library. This esteemed institution serves the greater Saranac Lake region, offering its resources free of charge to the public. In line with its mission, the library maintains an extensive collection of books and various other information sources, making them readily available for the general public to use and enjoy. Beyond simply housing these resources, the Saranac Lake Free Library also serves as a venue for community activities, thereby fulfilling its role in facilitating learning and engagement within the region.
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Impact
July, 2024
The Saranac Lake Free Library's impact can be seen in the educational and informational services it provides to the residents of the greater Saranac Lake region. By maintaining an extensive collection of books and resources that are accessible to the general public free of charge, the library plays a vital role in promoting literacy, learning, and personal enrichment within the community. Additionally, the library serves as a hub for community activities, further enhancing its significance as a valued resource for the residents of Saranac Lake and Harrietstown, NY. Overall, the Saranac Lake Free Library contributes to the intellectual growth and well-being of the community it serves.
This information is meant to be a general summary of Saranac Lake Free 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: $46,502
- Program Service Revenue: $4,580
- Gross Receipts: $1,358,247
Assets and Liabilities:
- Total Assets: $2,129,382
- Total Liabilities: $601
- Net Assets: $2,128,781
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LIBRARY OPERATIONS
Revenue
$4,580
Organization Details
Founding Year
1907
Phone
(518) 891-4190Principal Officer
Beccaria Michael
Main Address
109 MAIN STREET, SARANAC LAKE, NY, 12983
Website
www.slfl.orgNTEE Category
Code: B71Z - Education
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