Overview
What is Free Library Of Belmont?
The Free Library of Belmont is a nonprofit organization situated at 2 Willets Ave, Belmont, NY 14813. Primarily, its mission is to serve the community by offering access to a variety of reading materials, including books, as well as internet connectivity. The organization prides itself on providing lending services and additional programs tailored to the surrounding community's needs. With a dedicated workforce of 4 employees, the Free Library of Belmont plays a vital role in fostering literacy and knowledge within its community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars, 66%
The Free Library of Belmont has received a two-star rating from Charity Navigator, indicating that it needs improvement. While the organization excels in accountability and finance with a perfect score of 100%, it falls short in several policy areas. The absence of key documents such as the tax form, conflict of interest policy, and whistleblower policy detracts from its overall governance score.
Strengths of the organization include a fully independent board and an impressive liabilities to assets ratio of 0.00%, suggesting sound financial management. Additionally, the program expense ratio of 67.04% demonstrates a commitment to its mission, with a substantial portion of funds allocated to programs rather than administrative expenses.
However, the lack of essential policies and documentation raises concerns about transparency and governance. Addressing these gaps would enhance the organization's credibility and effectiveness, allowing it to better serve the community. Overall, while the Free Library of Belmont shows promise in financial management, improvements in governance and policy adherence are necessary to strengthen its operational integrity.
This AI summary has been generated from information found on Charity Navigator.
Is Free Library Of Belmont legitimate?
Free Library Of Belmont is a legitimate nonprofit organization registered as a 501(c)(3) entity. Free Library Of Belmont 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: $26,666
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Free Library Of Belmont?
The Free Library of Belmont, in its mission, focuses on providing a range of services to its surrounding community. Specifically, it offers book lending and various program services. This library acts as a vital resource, empowering individuals by granting them access to books, reading materials, and even internet facilities. Its purpose is to contribute positively to the community's literary and informational needs, fostering an environment that encourages learning and knowledge acquisition.
Who is the CEO of Free Library Of Belmont?
Molly Pike Riccardi is the President of Free Library Of Belmont.
What is the revenue of Free Library Of Belmont?
Free Library Of Belmont's revenue in 2022 was $58,345.
Who are the executives of Free Library Of Belmont and what are their salaries?
The average compensation at Free Library Of Belmont during 2022 was $6,666. There are 4 employees and 6 volunteers at Free Library Of Belmont.
Here are 9 key members and their salaries:
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- Compensation: $16,200
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- Compensation: $10,115
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- Compensation: $351
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Where can I find the form 990 for Free Library Of Belmont?
Free Library Of Belmont's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Free Library Of Belmont
The Free Library of Belmont, as a nonprofit organization, is dedicated to providing book lending and a variety of program services to the surrounding community. This mission is carried out by offering access to a wide range of reading materials, as well as providing internet access for the community's use. By doing so, the Free Library of Belmont aims to enrich the lives of its patrons, fostering a love of reading and knowledge acquisition.
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Impact
August, 2024
The Free Library of Belmont has made a significant impact on the community by providing essential book lending services and access to reading materials. Through its mission of offering a public library for the community, it has been able to promote literacy and learning among its residents. Additionally, the library's provision of internet access has helped bridge the digital divide and given community members the opportunity to access online resources and information. Overall, the Free Library of Belmont has played a crucial role in supporting education and providing valuable resources to the local population.
This information is meant to be a general summary of Free Library Of Belmont. 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: $2,513
- Gross Receipts: $58,345
Assets and Liabilities:
- Total Assets: $600,124
- Total Liabilities: $0
- Net Assets: $600,124
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Organization Details
Founding Year
1893
Phone
(585) 593-4063Principal Officer
Molly Pike Riccardi
Main Address
2 WILLETS AVE, BELMONT, NY, 14813
NTEE Category
Code: B70 - Education
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