Overview
What is Waverly Free Library?
Waverly Free Library is a nonprofit organization that offers a welcoming environment for individuals of all ages. Its primary objective is to provide access to a diverse range of multimedia materials and library services. Patrons can benefit from general library services in this friendly atmosphere, making it an essential resource in the community. The library's mission is to promote knowledge and learning by making these resources readily available.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77% (Three-Star out of Four Star rating)
Waverly Free Library has received a 77% score from Charity Navigator, indicating a solid performance primarily in accountability and finance. This rating reflects a strong commitment to maintaining an independent board, with 100% of its members being independent, which is essential for transparent governance. The library also excels in its financial management, boasting a favorable liabilities to assets ratio of 0.30%.
The library demonstrates good practices in oversight with well-established policies, including conflict of interest and whistleblower policies, both of which scored full marks. Additionally, their program expense ratio is impressive at 70.98%, suggesting that a significant portion of their budget is directed towards their core services. This is a positive sign for stakeholders interested in the effective use of funds.
However, it's important to note that the organization experienced a material diversion of assets, which may raise some concerns about financial stability and transparency. Despite this issue, the overall governance structure and commitment to accountability appear strong, providing a positive outlook for the library's operations moving forward.
This AI summary has been generated from information found on Charity Navigator.
Is Waverly Free Library legitimate?
Waverly Free Library is a legitimate nonprofit organization registered as a 501(c)(3) entity. Waverly 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: $83,791
For more financial information, click here
What is the mission statement of Waverly Free Library?
The Waverly Free Library is committed to establishing a welcoming environment for patrons of all ages. This environment serves as a platform for individuals to access a wide array of multimedia materials and library services. The primary goal of the library is to facilitate easy access to various categories of resources, thereby enriching the knowledge and experiences of its patrons. The library offers a range of general library services, providing an essential space for learning, exploration, and personal growth.
Who is the CEO of Waverly Free Library?
Deborah Smith Kennedy is the President of Waverly Free Library.
What is the revenue of Waverly Free Library?
Waverly Free Library's revenue in 2022 was $70,757.
Who are the executives of Waverly Free Library and what are their salaries?
The average compensation at Waverly Free Library during 2022 was $8,379. There are 10 employees and 3 volunteers at Waverly Free Library.
Here are 7 key members and their salaries:
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- Compensation: $33,741
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Where can I find the form 990 for Waverly Free Library?
Waverly Free Library's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Waverly Free Library
Waverly Free Library, a community resource, is dedicated to creating a welcoming environment for patrons of all ages. Its primary mission is to facilitate access to a diverse range of multimedia materials and library services. This nonprofit organization strives to provide its patrons with more than just books; it offers a variety of library services that cater to different needs and interests. By doing so, Waverly Free Library aims to enrich the lives of its community members, fostering a love for learning and knowledge.
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Impact
August, 2024
Waverly Free Library plays a crucial role in the community by providing patrons of all ages with a friendly atmosphere for accessing various categories of multimedia materials and library services. This institution serves as a hub for education and learning, offering resources and opportunities for individuals to expand their knowledge and skills. Through its mission to provide a welcoming space for the community, Waverly Free Library contributes to the intellectual growth and development of its patrons, making a positive impact on their lives.
This information is meant to be a general summary of Waverly 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: $11,209
- Program Service Revenue: $1,235
- Gross Receipts: $293,139
Assets and Liabilities:
- Total Assets: $612,440
- Total Liabilities: $1,861
- Net Assets: $610,579
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LIBRARY FEES
Revenue
$1,235
Organization Details
Founding Year
1929
Phone
(607) 565-9341Principal Officer
Deborah Smith Kennedy
Main Address
18 ELIZABETH STREET, WAVERLY, NY, 14892
NTEE Category
Code: B71Z - Education
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