Overview
What is Friends Of The Tompkins County Public Library?
Friends of the Tompkins County Public Library is a nonprofit organization situated in Ithaca, New York. Their primary mission is to support high-quality library resources for the entire Tompkins County community. They achieve this goal by promoting reading, raising funds through semiannual book sales and other activities, granting funds to libraries and community organizations, advocating for library funding, and encouraging volunteerism. By doing so, they aim to place more books in more hands, ultimately enhancing access to literature and educational resources for everyone in the area.
Official website here: www.friendsoftcpl.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88%, Three-Star out of Four Star Rating
Friends Of The Tompkins County Public Library has earned a commendable Three-Star rating from Charity Navigator, reflecting a strong overall score based primarily on Accountability & Finance. The organization boasts a perfect score for having an entirely independent board, which signifies a commitment to governance that prioritizes transparency and integrity in its operations.
The charity displays impressive financial management, with a program expense ratio of 96.11%, indicating that a significant portion of its resources is allocated directly to its programs rather than administrative costs. Additionally, it has no reported material diversion of assets and maintains a solid liabilities to assets ratio of 0.00%, which contributes positively to its financial stability.
However, there are areas for improvement. The organization lacks a whistleblower policy and a document retention and destruction policy, which are critical for ensuring ethical practices. Furthermore, the absence of its tax form on the nonprofit's website could hinder transparency for potential donors and stakeholders. Overall, while Friends Of The Tompkins County Public Library demonstrates strong accountability, addressing these limitations could enhance its operational transparency further.
This AI summary has been generated from information found on Charity Navigator.
Is Friends Of The Tompkins County Public Library legitimate?
Friends Of The Tompkins County Public Library is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of The Tompkins County Public 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: $6,864
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,945
For more financial information, click here
Official website here: www.friendsoftcpl.org
What is the mission statement of Friends Of The Tompkins County Public Library?
The Friends of the Tompkins County Public Library has a mission to enhance the availability of top-notch library resources for everyone residing in Tompkins County. They achieve this by fostering a love for reading, increasing book accessibility, raising funds through book sales and various activities, granting funds to libraries and community organizations, advocating for library financing, and encouraging volunteerism.
Official website here: www.friendsoftcpl.org
Who is the CEO of Friends Of The Tompkins County Public Library?
Michael Costello is the Principal Officer of Friends Of The Tompkins County Public Library.
Official website here: www.friendsoftcpl.org
What is the revenue of Friends Of The Tompkins County Public Library?
Friends Of The Tompkins County Public Library's revenue in 2022 was $512,588.
Official website here: www.friendsoftcpl.org
Who are the executives of Friends Of The Tompkins County Public Library and what are their salaries?
The average compensation at Friends Of The Tompkins County Public Library during 2022 was $3,202. There are 4 employees and 200 volunteers at Friends Of The Tompkins County Public Library.
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Official website here: www.friendsoftcpl.org
Where can I find the form 990 for Friends Of The Tompkins County Public Library?
Friends Of The Tompkins County Public Library's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.friendsoftcpl.org
Learn more at the official website: www.friendsoftcpl.org
Mission Statement of Friends Of The Tompkins County Public Library
Friends of the Tompkins County Public Library is dedicated to enhancing the quality of library resources available to everyone residing in Tompkins County. The organization achieves this mission by promoting literacy, making more books accessible to a wider audience, raising funds through various activities, such as book sales, and granting funds to both libraries and community organizations. In addition, Friends of the Tompkins County Public Library advocates for library funding and encourages volunteerism to further support these initiatives. By implementing this multifaceted approach, the nonprofit aims to enrich the literary landscape and promote a love of reading throughout the community.
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Impact
July, 2024
The Friends of the Tompkins County Public Library have a significant impact on the community by supporting high-quality library resources for everyone in Tompkins County. They achieve this by promoting reading and placing more books in more hands, raising funds through book sales and other activities, awarding grants to libraries and community organizations, advocating for library funding, and encouraging volunteerism. Their semi-annual book sales benefit not only the Tompkins County Public Library but also other public libraries and the general public. Through these efforts, the Friends of the Tompkins County Public Library play a vital role in promoting education and literacy in the community.
This information is meant to be a general summary of Friends Of The Tompkins County Public 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: $2,443
- Program Service Revenue: $480,005
- Gross Receipts: $512,588
Assets and Liabilities:
- Total Assets: $962,466
- Total Liabilities: $0
- Net Assets: $962,466
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BOOK SALES
Revenue
$478,867
BOOK BAGS
Revenue
$1,138
Organization Details
Founding Year
1946
Phone
(607) 272-2223Principal Officer
Michael Costello
Main Address
509 ESTY STREET, ITHACA, NY, 14850
Website
www.friendsoftcpl.orgNTEE Category
Code: B71I - Education
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