Overview
What is Library Association Of Ringwood?
The Library Association of Ringwood is a nonprofit organization situated in Ringwood, dedicated to the promotion and enhancement of library services. They accomplish this by managing and operating a Municipal Library at its core. Beyond library services, this organization also prioritizes fostering business growth through its unique organization type. Their mission involves maintaining the library and offering various resources to the community, promoting literacy and knowledge.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 78% (Three-Star out of Four Stars)
The Library Association of Ringwood has received a Three-Star rating from Charity Navigator, reflecting a score of 78%, which is based solely on its Accountability & Finance. This rating indicates that the organization demonstrates a decent level of financial transparency and accountability, although there are areas for improvement. Notably, the organization scored well in several financial metrics, including a 0.00% liabilities to assets ratio and a program expense ratio of 72.91%, suggesting effective financial management and a commitment to its programs.
Despite these strengths, the organization has some limitations that may raise concerns among potential donors. The board composition lacks majority independent members, with only 22% of board members being independent. Additionally, several important governance policies, such as those addressing conflicts of interest and whistleblower protections, are missing. Furthermore, the organization’s website was not listed on its tax form, highlighting a lack of transparency that could affect public trust.
Overall, while the Library Association of Ringwood shows promise in its financial practices, addressing governance and transparency issues could significantly enhance its credibility and effectiveness. Prospective donors may want to consider these factors when evaluating their support for the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Library Association Of Ringwood legitimate?
Library Association Of Ringwood is a legitimate nonprofit organization registered as a 501(c)(3) entity. Library Association Of Ringwood 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: $378,000
For more financial information, click here
What is the mission statement of Library Association Of Ringwood?
The Library Association of Ringwood's mission is centered around promoting library services. They achieve this by maintaining and overseeing the operation of a Municipal Library. The association's primary focus is on enhancing business through their organization's role. In essence, they strive to make library services readily available and accessible to their community.
Who is the CEO of Library Association Of Ringwood?
Heather Caldwell is the President of Library Association Of Ringwood.
What is the revenue of Library Association Of Ringwood?
Library Association Of Ringwood's revenue in 2022 was $615,397.
Who are the executives of Library Association Of Ringwood and what are their salaries?
The average compensation at Library Association Of Ringwood during 2022 was $31,500. There are 12 employees and 15 volunteers at Library Association Of Ringwood.
Here are 5 key members and their salaries:
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Where can I find the form 990 for Library Association Of Ringwood?
Library Association Of Ringwood's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Library Association Of Ringwood
The Library Association of Ringwood, a notable organization, is dedicated to the promotion of library services. Their mission is centered around maintaining and operating a Municipal Library, thereby serving as a hub for knowledge and information. The association's primary focus is on fostering business growth through its organization type, implying that it plays a significant role in the community, providing essential library services.
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Impact
July, 2024
The Library Association of Ringwood's impact can be seen in the promotion of education and literacy through the provision of library services in Ringwood, NJ. By maintaining and operating a Municipal Library, they contribute to the dissemination of knowledge and resources to the community. Through their focus on education, they play a crucial role in supporting lifelong learning and fostering a culture of reading. The organization's efforts ultimately help to enhance the quality of life and promote intellectual growth within the community.
This information is meant to be a general summary of Library Association Of Ringwood. 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: $545
- Program Service Revenue: $614,852
- Gross Receipts: $615,397
Assets and Liabilities:
- Total Assets: $1,134,171
- Total Liabilities: $0
- Net Assets: $1,134,171
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Fines/Copier
Revenue
$1,800
Government Support
Revenue
$575,000
State & County
Revenue
$6,000
Used Books Sold
Revenue
$52
Miscellaneous
Revenue
$32,000
Organization Details
Founding Year
1965
Phone
(973) 962-6256Principal Officer
Heather Caldwell
Main Address
30 Cannici Drive, Ringwood, NJ, 074562021
NTEE Category
Code: B70 - Education
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