Overview
What is Lakewood Memorial Library?
Lakewood Memorial Library is a vital public resource, functioning as a nonprofit organization. Its primary goal is to make knowledge accessible to the community at large. By offering a variety of materials such as books, magazines, and periodicals for circulation, the library encourages lifelong learning and information dissemination. The library's mission is to serve as a hub for knowledge, fostering an environment that encourages curiosity and knowledge acquisition.
Official website here: www.lakewoodlibrary.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star Rating)
Lakewood Memorial Library has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial transparency. The organization scored 96% overall, thanks in part to its strong governance structure, which includes a fully independent board of directors. The library effectively manages its financial resources, with a Liabilities to Assets Ratio of 0.00%, indicating a solid financial position without debt.
The library also excels in its program expense ratio, dedicating 78.50% of its expenses directly to its programs, which shows a clear focus on fulfilling its mission. The presence of comprehensive policies on conflict of interest, whistleblower protection, and document retention further emphasizes its commitment to ethical practices and accountability.
However, while the library's financial indicators are very strong, ongoing community engagement and feedback could enhance its outreach and effectiveness. Overall, the Lakewood Memorial Library demonstrates a robust and responsible approach to managing its operations, serving as a valuable resource for the community.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Lakewood Memorial Library?
100% of 11 reviewers on Facebook recommend Lakewood Memorial Library. Here is a summary of their reviews:
Patrons express their appreciation for the engaging programs offered, especially highlighting the enjoyable storytime sessions. Families feel welcomed and are thrilled with the positive experiences their children have at the library.
Overall, the community is highly satisfied with the library's services and the friendly environment it fosters, making it a beloved local resource for families.
This AI summary has been generated from reviews found on Facebook.
Is Lakewood Memorial Library legitimate?
Lakewood Memorial Library is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lakewood Memorial 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: $57,433
Professional Fundraising Fees: $0
Other Salaries and Wages: $57,051
For more financial information, click here
Official website here: www.lakewoodlibrary.org
What is the mission statement of Lakewood Memorial Library?
The Lakewood Memorial Library, functioning as a public library, is dedicated to providing access to knowledge for the general public. It achieves this mission by offering circulating materials such as books, magazines, and periodicals. The library's primary objective is to make educational resources readily available to all, thereby fostering an environment that encourages learning and knowledge acquisition.
Official website here: www.lakewoodlibrary.org
Who is the CEO of Lakewood Memorial Library?
Nancy Padak is the Pres 7/23 of Lakewood Memorial Library.
Official website here: www.lakewoodlibrary.org
What is the revenue of Lakewood Memorial Library?
Lakewood Memorial Library's revenue in 2022 was $609,773.
Official website here: www.lakewoodlibrary.org
Who are the executives of Lakewood Memorial Library and what are their salaries?
The average compensation at Lakewood Memorial Library during 2022 was $22,897. There are 5 employees and 45 volunteers at Lakewood Memorial Library.
Here are 10 key members and their salaries:
- Compensation: $50,817
- Related: $0
- Other: $6,616
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Compensation: $0
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- Other: $0
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- Compensation: $0
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- Other: $0
Official website here: www.lakewoodlibrary.org
Where can I find the form 990 for Lakewood Memorial Library?
Lakewood Memorial Library's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lakewoodlibrary.org
Learn more at the official website: www.lakewoodlibrary.org
Mission Statement of Lakewood Memorial Library
Lakewood Memorial Library, as a public institution, is dedicated to serving the general public by offering a wide range of resources. Its primary mission is to provide access to knowledge, making books, magazines, and periodicals readily available for circulation. In essence, Lakewood Memorial Library plays a pivotal role in fostering an environment conducive to learning and information dissemination, ensuring that knowledge is within everyone's reach.
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Impact
July, 2024
Lakewood Memorial Library's impact is evident in its role as a vital hub for education and community engagement in Lakewood, NY. By providing access to a wide range of books, magazines, and periodicals for circulation to the general public, the library plays a crucial role in fostering a culture of learning and knowledge sharing. Its mission to provide access to knowledge not only enriches the lives of individuals but also contributes to the overall educational development of the community. Through its services and resources, Lakewood Memorial Library positively influences the intellectual growth and enrichment of a diverse population.
This information is meant to be a general summary of Lakewood Memorial 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: $19,422
- Gross Receipts: $849,598
Assets and Liabilities:
- Total Assets: $1,253,478
- Total Liabilities: $0
- Net Assets: $1,253,478
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Organization Details
Founding Year
1968
Phone
(716) 763-6234Principal Officer
Nancy Padak
Main Address
12 W SUMMIT STREET, LAKEWOOD, NY, 14750
Website
www.lakewoodlibrary.orgNTEE Category
Code: B71Z - Education
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