Overview
What is Minuteman Library Network Inc?
Minuteman Library Network Inc, located in Natick, Massachusetts, is a nonprofit organization dedicated to enhancing library communication through the use of technology. With a team of 14 individuals, they support various town and college member libraries, aiming to improve their services. Their mission is to foster better communication and connectivity within the library network, ultimately benefiting the communities they serve.
Official website here: www.minlib.net
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 84%, Three-Star out of Four Star rating.
Minuteman Library Network Inc has received a solid Three-Star rating from Charity Navigator, reflecting an overall score of 84%. This rating is primarily based on the organization's Accountability & Finance performance, with all evaluations coming from this single category. An impressive aspect of their rating is that they have a fully independent board, which is critical for maintaining governance integrity.
The organization demonstrates strong financial management, highlighted by a 98.95% program expense ratio, indicating that a significant majority of funds are directed towards its mission rather than administrative costs. Additionally, they have received full points for their financial statements audit, material diversion of assets, and the posting of tax forms on their website. However, there are some areas needing improvement, such as the absence of a conflict of interest policy, whistleblower policy, and document retention and destruction policy, which are noted as missing in their evaluation.
While Minuteman Library Network Inc shows strengths in financial accountability and board independence, addressing the identified policy gaps could enhance their overall governance and transparency. Overall, the organization appears to be well-managed financially, though there are areas for potential improvement in policy implementation.
This AI summary has been generated from information found on Charity Navigator.
Is Minuteman Library Network Inc legitimate?
Minuteman Library Network Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Minuteman Library Network 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: $248,272
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,166,930
For more financial information, click here
Official website here: www.minlib.net
What is the mission statement of Minuteman Library Network Inc?
The mission of Minuteman Library Network Inc. revolves around enhancing library communication through the use of computer technology. This organization strives to provide better library services by supporting various town and college member libraries, thereby fostering improved communication within the library network.
Official website here: www.minlib.net
Who is the CEO of Minuteman Library Network Inc?
Philip Mcnulty is the Director of Minuteman Library Network Inc.
Official website here: www.minlib.net
What is the revenue of Minuteman Library Network Inc?
Minuteman Library Network Inc's revenue in 2023 was $4,058,457.
Official website here: www.minlib.net
Who are the executives of Minuteman Library Network Inc and what are their salaries?
The average compensation at Minuteman Library Network Inc during 2023 was $101,086. There are 14 employees at Minuteman Library Network Inc.
Here are 11 key members and their salaries:
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- Compensation: $132,363
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Official website here: www.minlib.net
Where can I find the form 990 for Minuteman Library Network Inc?
Minuteman Library Network Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.minlib.net
Learn more at the official website: www.minlib.net
Mission Statement of Minuteman Library Network Inc
Minuteman Library Network Inc, as a nonprofit organization, is dedicated to enhancing library communication by leveraging computer technology. Their mission is to provide improved library services through the implementation of advanced digital tools. The organization extends its support to various town and college member libraries, aiming to enhance their communication capabilities and deliver better services to their communities.
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Impact
October, 2024
Minuteman Library Network Inc significantly enhances library services and communication through advanced computer technology. By providing a robust support system for various town and college libraries, it fosters improved connectivity and resource sharing among member institutions. This not only streamlines library operations but also enriches the educational experience for patrons by giving them access to a wider range of resources.
The organization’s commitment to better library communication enables libraries to collaborate more effectively, ensuring that community members can seamlessly access the information and services they need. As a result, the Minuteman Library Network plays a vital role in promoting literacy, lifelong learning, and community engagement. Its impact is felt in the increased efficiency of library services and the heightened ability to meet the diverse needs of library users across the region.
This information is meant to be a general summary of Minuteman Library Network 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 2023.
- Investment Income: $27,641
- Program Service Revenue: $2,004,687
- Gross Receipts: $4,058,457
Assets and Liabilities:
- Total Assets: $2,423,916
- Total Liabilities: $499,028
- Net Assets: $1,924,888
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBER FEES
Revenue
$1,996,624
MA ECARD PROJECT
Revenue
$8,063
Organization Details
Founding Year
1983
Phone
(508) 655-8008Principal Officer
Philip Mcnulty
Main Address
10 STRATHMORE RD, NATICK, MA, 01760
Website
www.minlib.netNTEE Category
Code: B70B - Education
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