Overview
What is The Blairsville Library Charitable Foundation?
The Blairsville Library Charitable Foundation is a nonprofit organization dedicated to securing the financial future of a library through an endowment fund. By meticulously managing an investment portfolio, this foundation aims to generate sustained income that will support the library indefinitely. This endowment fund serves as a reliable source of financial backing, ensuring the library's longevity and continued availability for community use.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning a Two-Star out of Four Star rating.
The Blairsville Library Charitable Foundation has received a rating of 73%, indicating a moderate level of accountability and financial health. The organization demonstrates strengths in board independence, with 100% of its board members being independent, and it has a solid program expense ratio of 100%, reflecting a commitment to its mission. Additionally, it has not diverted any assets materially, which is a positive sign for potential donors regarding the integrity of the organization.
However, the foundation has notable weaknesses in its governance practices. Key policies, including a conflict of interest policy, a whistleblower policy, and a document retention policy, are missing, which raises some concerns about transparency and accountability. Furthermore, the absence of a website link on its tax form and the missing posting of its tax documents on its website suggest areas where the organization could improve in terms of public accessibility and communication. Overall, while there are strong aspects, potential donors should consider these governance gaps.
This AI summary has been generated from information found on Charity Navigator.
Is The Blairsville Library Charitable Foundation legitimate?
The Blairsville Library Charitable Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Blairsville Library Charitable Foundation 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.
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What is the mission statement of The Blairsville Library Charitable Foundation?
The Blairsville Library Charitable Foundation's mission is centered around establishing and managing an endowment fund. This fund, once accumulated, is intended to be utilized exclusively to support the library indefinitely. The objective of this foundation is to ensure the library's financial sustainability for future generations.
Who is the CEO of The Blairsville Library Charitable Foundation?
Mark Geletka is the Director of The Blairsville Library Charitable Foundation.
What is the revenue of The Blairsville Library Charitable Foundation?
The Blairsville Library Charitable Foundation's revenue in 2022 was $39,908.
Who are the executives of The Blairsville Library Charitable Foundation and what are their salaries?
There 14 volunteers at The Blairsville Library Charitable Foundation.
Here are 14 key members and their salaries:
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Where can I find the form 990 for The Blairsville Library Charitable Foundation?
The Blairsville Library Charitable Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Blairsville Library Charitable Foundation
The Blairsville Library Charitable Foundation is committed to establishing and managing an enduring investment fund. This fund's sole purpose is to accrue proceeds that will be utilized to sustain The Library indefinitely. In essence, the foundation aims to create a perpetual source of financial support for the library, ensuring its continued availability and accessibility for future generations.
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Impact
August, 2024
The Blairsville Library Charitable Foundation's impact is significant as it works towards establishing and managing an investment fund specifically for the library. This endowment fund aims to provide sustainable funding for the library into perpetuity. By securing financial resources through this fund, the foundation ensures the continuous support and growth of the library's programs and services, ultimately benefiting the community it serves in Blairsville, PA.
This information is meant to be a general summary of The Blairsville Library Charitable Foundation. 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: $14,708
- Gross Receipts: $110,993
Assets and Liabilities:
- Total Assets: $542,062
- Total Liabilities: $0
- Net Assets: $542,062
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Organization Details
Founding Year
2005
Phone
(724) 459-0220Principal Officer
Mark Geletka
Main Address
PO BOX 401, BLAIRSVILLE, PA, 15717
NTEE Category
Code: T30 - Philanthropy
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