Overview
What is Equinox Open Library Initiative Inc?
Equinox Open Library Initiative Inc., established in 2007 as Equinox Software, Inc., is a distinguished nonprofit organization based on a solid foundation of open source technology. Originally founded by the developers of Evergreen ILS, one of the initial open source integrated library systems, the organization provides exceptional service and support for library open source software and projects. It has now transitioned into a 501(c)(3) non-profit organization, continuing its mission of developing open source technologies and implementing library systems. Their extensive services encompass consulting, project management, data services, implementation, training, and IT services such as hosting and support, customization, technical management, and advice. The organization's primary focus is on supporting libraries and open source projects, contributing to the growth and evolution of the library sector.
Official website here: www.equinoxoli.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1-Star out of Four Stars (51%)
Equinox Open Library Initiative Inc has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The charity's score is based solely on its accountability and finance metrics, revealing a lack of independent board members and missing key financial statements which are critical for transparency.
Among its strengths, the organization maintains a high program expense ratio of 82.39%, showing that a significant portion of its expenses goes towards its stated programs. However, the charity faces severe limitations in terms of governance, such as the absence of independent board members and a whistleblower policy, both of which are essential for effective oversight and ethical operation.
Additionally, the liabilities to assets ratio is concerning at 105.48%, suggesting potential financial instability. While the organization has made efforts to comply with certain transparency measures, these weaknesses highlight the need for improvement in governance practices and financial reporting to foster greater trust and confidence among stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Equinox Open Library Initiative Inc legitimate?
Equinox Open Library Initiative Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Equinox Open Library Initiative Inc 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: $509,260
Professional Fundraising Fees: $0
Other Salaries and Wages: $824,187
For more financial information, click here
Official website here: www.equinoxoli.org
What is the mission statement of Equinox Open Library Initiative Inc?
Equinox Open Library Initiative Inc. is committed to providing exceptional service and support for library open source software and open source projects. Their mission includes the development of open source technologies and the implementation of library systems. Originally founded as Equinox Software, Inc. in 2007, they became a 501(c)(3) non-profit organization in 2017, with a focus on supporting open source projects in the library sector. Their services extend to consulting, project management, data services, implementation, training, and IT services such as hosting and support, customization, technical management, and advice.
Official website here: www.equinoxoli.org
Who is the CEO of Equinox Open Library Initiative Inc?
Lisa Carlucci is the Executive Director of Equinox Open Library Initiative Inc.
Official website here: www.equinoxoli.org
What is the revenue of Equinox Open Library Initiative Inc?
Equinox Open Library Initiative Inc's revenue in 2022 was $2,206,309.
Official website here: www.equinoxoli.org
Who are the executives of Equinox Open Library Initiative Inc and what are their salaries?
The average compensation at Equinox Open Library Initiative Inc during 2022 was $66,672. There are 20 employees at Equinox Open Library Initiative Inc.
Here are 6 key members and their salaries:
- Compensation: $143,505
- Related: $0
- Other: $22,462
- Compensation: $114,904
- Related: $0
- Other: $19,787
- Compensation: $99,503
- Related: $0
- Other: $9,777
- Compensation: $80,063
- Related: $0
- Other: $19,039
- Compensation: $96,290
- Related: $0
- Other: $14,577
- Compensation: $71,598
- Related: $0
- Other: $3,217
Official website here: www.equinoxoli.org
Where can I find the form 990 for Equinox Open Library Initiative Inc?
Equinox Open Library Initiative Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.equinoxoli.org
Learn more at the official website: www.equinoxoli.org
Mission Statement of Equinox Open Library Initiative Inc
Equinox Open Library Initiative, a renowned non-profit organization, is dedicated to delivering exceptional service and support for library open source software and open source projects. This organization plays a significant role in the development of open source technologies and the implementation of library systems. Originally established as Equinox Software, Inc. in 2007, its founding was marked by the developers of the Evergreen ILS, one of the first open source integrated library systems in the market. In 2017, the organization transitioned into a 501(c)(3) non-profit, further solidifying its commitment to the library community and the open source movement. Through its services, Equinox Open Library Initiative seeks to provide consulting, project management, data services, implementation, training, and various IT services such as hosting and support, customization, technical management, and advice.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Equinox Open Library Initiative Inc has made a significant impact in the library sector by advancing the use of open source software and technologies. By providing exceptional service and support for library open source projects, it has enabled libraries to integrate innovative solutions without the constraints of proprietary systems. This initiative has fostered greater accessibility and collaboration within the library community.
The development and implementation of open source technologies, such as the Evergreen integrated library system, have transformed how libraries operate, allowing for customization and adaptability to meet diverse needs. Equinox's services—including consulting, project management, data services, training, and IT support—empower libraries to optimize their systems efficiently.
By prioritizing open source solutions, Equinox not only promotes cost-effectiveness but also cultivates a culture of sharing and collaboration, ultimately enhancing the quality of library services available to the public. Its commitment to education and technical advisement ensures that libraries have the resources and knowledge necessary to thrive in an increasingly digital world.
This information is meant to be a general summary of Equinox Open Library Initiative Inc. 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: $50
- Program Service Revenue: $2,190,015
- Gross Receipts: $2,206,309
Assets and Liabilities:
- Total Assets: $1,194,305
- Total Liabilities: $1,259,795
- Net Assets: -$65,490
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SOFTWARE, SERVICES AND
Revenue
$2,187,199
EQUINOXEDU
Revenue
$2,816
Organization Details
Founding Year
2016
Phone
(877) 673-6457Principal Officer
Lisa Carlucci
Main Address
PO BOX 69, NORCROSS, GA, 30091
Website
www.equinoxoli.orgNTEE Category
Code: B70 - Education
If you are a representative of Equinox Open Library Initiative Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.