Overview
What is Franklin Township Public Library Assoc?
The Franklin Township Public Library Association is a nonprofit organization dedicated to offering a wide array of appealing resources to cater to various educational levels. Their primary goal is to promote constructive leisure time activities and foster a love for reading and learning, especially among young children. They accomplish this by providing popular materials of high interest, thereby supporting students and stimulating curiosity in reading. The association plays a significant role in the community by encouraging the effective use of leisure time and nurturing children's appreciation for learning.
What are the reviews and ratings of this charity?
94% - Four-Star out of Four Star rating from Charity Navigator.
The Franklin Township Public Library Association has achieved a commendable Four-Star rating, reflecting strong performance in accountability and finance. The organization demonstrates a high level of transparency with an independent board consisting of 100% independent members, which contributes to effective governance and oversight.
Key strengths include a perfect score in financial statements audits and adherence to best practices with policies on conflict of interest, whistleblowing, and document retention. Additionally, the library allocates 100% of its expenses to programs, indicating that it prioritizes its mission-driven activities effectively.
While the financial health of the organization appears robust, with a low liabilities-to-assets ratio, ongoing commitment to maintaining these standards will be crucial for sustaining donor confidence and community support. Overall, the Franklin Township Public Library Association shows significant dedication to its responsibilities and mission.
This AI summary has been generated from information found on Charity Navigator.
Is Franklin Township Public Library Assoc legitimate?
Franklin Township Public Library Assoc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Franklin Township Public Library Assoc 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: $1,765,195
For more financial information, click here
What is the mission statement of Franklin Township Public Library Assoc?
The Franklin Township Public Library Association's mission is centered around providing engaging materials of broad interest, aiding students across various academic levels, promoting the productive utilization of leisure time, and fostering a young child's curiosity and love for reading and learning. The library serves to encourage constructive leisure activities and stimulate the intellectual growth of young children.
Who is the CEO of Franklin Township Public Library Assoc?
January Adams is the Executive Director of Franklin Township Public Library Assoc.
What is the revenue of Franklin Township Public Library Assoc?
Franklin Township Public Library Assoc's revenue in 2022 was $3,884,927.
Who are the executives of Franklin Township Public Library Assoc and what are their salaries?
The average compensation at Franklin Township Public Library Assoc during 2022 was $27,157. There are 65 employees at Franklin Township Public Library Assoc.
Here are 14 key members and their salaries:
- Compensation: $140,356
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- Other: $0
- Compensation: $88,441
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- Other: $0
- Compensation: $78,625
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- Other: $0
- Compensation: $72,192
- Related: $0
- Other: $0
- Compensation: $71,707
- Related: $0
- Other: $0
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- Other: $0
Where can I find the form 990 for Franklin Township Public Library Assoc?
Franklin Township Public Library Assoc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Franklin Township Public Library Assoc
Franklin Township Public Library Association serves a significant role in the community by providing a wide range of popular materials that cater to diverse interests. Its primary mission is to support students at all levels, fostering their academic growth. Additionally, the library encourages the constructive use of leisure time, providing an engaging environment that stimulates young children's curiosity and appreciation for reading and learning. By making learning enjoyable and accessible, Franklin Township Public Library Association plays a crucial role in nurturing the next generation's intellectual development.
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Impact
October, 2024
Franklin Township Public Library serves as a vital resource for the Somerset community by providing access to a diverse collection of popular materials that cater to a wide range of interests. It supports students of all ages in their educational pursuits and fosters a love for reading and learning among young children. The library encourages constructive leisure activities, creating a community environment where individuals can engage, explore, and expand their knowledge. Through its mission, it plays a crucial role in enhancing educational outcomes and enriching the cultural fabric of the community, ultimately promoting lifelong learning and personal growth.
This information is meant to be a general summary of Franklin Township Public Library Assoc. 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: $28,691
- Program Service Revenue: $46,617
- Gross Receipts: $3,884,927
Assets and Liabilities:
- Total Assets: $10,614,091
- Total Liabilities: $426,020
- Net Assets: $10,188,071
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BOOK SALES
Revenue
$11,006
COPIER MACHINE RENTAL
Revenue
$2,476
FINES
Revenue
$24,393
REFERENCE COPIES
Revenue
$8,742
Organization Details
Phone
(732) 873-8700Principal Officer
January Adams
Main Address
485 DEMOTT LANE, SOMERSET, NJ, 08873
NTEE Category
Code: B71Z - Education
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