Overview
What is Potsdam Public Library?
Potsdam Public Library is a nonprofit institution situated at 2 Park Street, Potsdam, New York. Its primary mission is to collect, preserve, and distribute a variety of printed, electronic, and other materials to cater to the educational, informational, cultural, and recreational interests and needs of the local community. The library ensures compliance with both local and federal laws in its operations. The library serves the residents of the Potsdam Central School District and currently employs 17 dedicated individuals.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Star rating.
The Potsdam Public Library has received a solid rating of 79%, which translates to a Three-Star designation. This rating primarily reflects the organization's performance in Accountability & Finance, indicating a strong commitment to financial transparency and responsible management practices. The library scored exceptionally well in various categories, including having a fully independent board and robust policies in place for conflict of interest and whistleblowing.
Strengths include the library's high scores in key areas such as board independence and material diversion of assets, both of which demonstrate effective governance and ethical practices. Additionally, the library maintains a low liabilities-to-assets ratio, indicating fiscal health and stability. With a program expense ratio of over 72%, a significant portion of the library's resources is directed towards its core services, highlighting a focus on fulfilling its mission.
While the overall rating is commendable, potential areas for improvement may include enhancing outreach or community engagement strategies, which could further elevate its impact. However, the current financial and governance practices suggest a well-managed organization dedicated to serving its community effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Potsdam Public Library legitimate?
Potsdam Public Library is a legitimate nonprofit organization registered as a 501(c)(3) entity. Potsdam 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $400,859
For more financial information, click here
What is the mission statement of Potsdam Public Library?
The Potsdam Public Library's mission is to gather, preserve, and make available a variety of printed, electronic, and other materials that cater to the daily educational, informational, cultural, and recreational interests and requirements of the community. This is carried out in compliance with local, state, and federal laws. The library's primary goal is to serve the community, as outlined in its operation as a public library for the residents of the Potsdam Central School District.
Who is the CEO of Potsdam Public Library?
Annie Davey is the Library Dire of Potsdam Public Library.
What is the revenue of Potsdam Public Library?
Potsdam Public Library's revenue in 2022 was $707,739.
Who are the executives of Potsdam Public Library and what are their salaries?
The average compensation at Potsdam Public Library during 2022 was $23,580. There are 17 employees and 10 volunteers at Potsdam Public Library.
Here are 11 key members and their salaries:
- Compensation: $72,594
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- Other: $22,884
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Where can I find the form 990 for Potsdam Public Library?
Potsdam Public Library's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Potsdam Public Library
Potsdam Public Library, a vital community resource, is dedicated to gathering, preserving, and supplying a variety of printed, electronic, and other materials. These resources cater to the daily educational, informational, cultural, and recreational interests and needs of the community, all in compliance with local, state, and federal laws. The library's mission is to serve as a comprehensive hub, offering materials that stimulate learning, foster information exchange, and promote cultural appreciation, ensuring that the community's diverse interests are met. By adhering to these principles, Potsdam Public Library plays a significant role in enriching the lives of its constituents, fostering an environment where knowledge and enjoyment converge.
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Impact
July, 2024
The Potsdam Public Library plays a crucial role in serving the residents of the Potsdam Central School District by assembling, preserving, and providing a wide range of printed, electronic, and other materials. This helps to meet the day-to-day educational, informational, cultural, and recreational interests and needs of the community, in accordance with local, state, and federal laws. Through its services and resources, the library contributes to the educational development and enrichment of individuals within the community, promoting lifelong learning and fostering a culture of knowledge sharing and exploration.
This information is meant to be a general summary of Potsdam 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: $23
- Program Service Revenue: $574,094
- Gross Receipts: $707,739
Assets and Liabilities:
- Total Assets: $1,618,234
- Total Liabilities: $36,514
- Net Assets: $1,581,720
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
POTSDAM CENTRAL SCHOOL TAX RE
Revenue
$574,094
Organization Details
Founding Year
2006
Phone
(315) 265-7230Principal Officer
Annie Davey
Main Address
2 PARK STREET, POTSDAM, NY, 13676
NTEE Category
Code: B70 - Education
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