Overview
What is Friends Of The Cherry Hill Free Public Library Inc?
Friends of the Cherry Hill Free Public Library Inc is a nonprofit organization located in Cherry Hill, New Jersey. Their primary mission is to generate funds for the local library, enhancing its resources and services. By raising funds, they contribute to the overall well-being of the Cherry Hill Free Public Library, ensuring it remains a vital and thriving community resource.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80%, Three-Star out of Four Star rating.
Friends Of The Cherry Hill Free Public Library Inc has received a solid rating of 80%, indicating a commendable level of accountability and financial health. This rating is based entirely on the Accountability & Finance beacon, which reflects the organization's commitment to transparency and effective management of its resources. The organization scored perfectly on several key metrics, including independent board membership and the absence of material asset diversion.
Strengths of the organization include a fully independent board comprised of 10 members and a strong program expense ratio of 87.18%, which suggests that a significant portion of funds is allocated directly to its programs. Additionally, the organization has a robust conflict of interest policy and consistently documents board meeting minutes, showcasing its dedication to governance and oversight.
While the overall rating is impressive, it is important for potential donors and supporters to consider the organization's specific programs and outcomes. A rating focused solely on financials may not provide the full picture of the impact the organization has within the community. Nonetheless, Friends Of The Cherry Hill Free Public Library Inc exemplifies strong financial practices and governance.
This AI summary has been generated from information found on Charity Navigator.
Is Friends Of The Cherry Hill Free Public Library Inc legitimate?
Friends Of The Cherry Hill Free Public Library Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of The Cherry Hill Free Public Library 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Friends Of The Cherry Hill Free Public Library Inc?
The Friends of the Cherry Hill Free Public Library Inc's mission is centered around supporting a library, specifically by raising funds. Their primary objective is to bolster the resources and capabilities of the library, ensuring it continues to serve its community effectively. By securing financial backing, they contribute to the library's growth and development, ultimately enhancing the educational and informational services it provides.
What is the revenue of Friends Of The Cherry Hill Free Public Library Inc?
Friends Of The Cherry Hill Free Public Library Inc's revenue in 2023 was $47,045.
Who are the executives of Friends Of The Cherry Hill Free Public Library Inc and what are their salaries?
Here are 5 key members and their salaries:
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- Other: $0
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- Compensation: $0
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Where can I find the form 990 for Friends Of The Cherry Hill Free Public Library Inc?
Friends Of The Cherry Hill Free Public Library Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Friends Of The Cherry Hill Free Public Library Inc
Friends of the Cherry Hill Free Public Library, as a nonprofit organization, is committed to raising funds for the Cherry Hill Library. Their mission is to support the library's operations and initiatives, ensuring it continues to provide essential resources and services to its community. By raising funds, this organization contributes to the library's ability to maintain its collection, upgrade facilities, and offer various educational programs and events. In essence, Friends of the Cherry Hill Free Public Library plays a crucial role in enhancing the library's capacity to serve its patrons effectively.
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Impact
August, 2024
Friends of the Cherry Hill Free Public Library Inc has a significant impact on the Cherry Hill Library by raising funds to support its operations and programs. Through their efforts, they help ensure that the library can continue to provide valuable resources and services to the community. By actively engaging in fundraising activities, Friends of the Cherry Hill Free Public Library Inc plays a crucial role in promoting literacy, education, and community engagement in Cherry Hill, NJ.
This information is meant to be a general summary of Friends Of The Cherry Hill Free Public Library 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.
- Gross Receipts: $47,169
Assets and Liabilities:
- Total Assets: $449,791
- Total Liabilities: $0
- Net Assets: $449,791
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Organization Details
Founding Year
1991
Principal Officer
Ira Smith
NTEE Category
Code: B70 - Education
If you are a representative of Friends Of The Cherry Hill Free Public Library 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.