Overview
What is Ludington Library?
Ludington Library is a public library situated in Bryn Mawr, Pennsylvania, specifically at 5 South Bryn Mawar Avenue, 19010. The library falls under the jurisdiction of Lower Merion Township and is one of six libraries supported by this locality. The primary mission of Ludington Library's supporting nonprofit organization is twofold: to provide financial and volunteer assistance to the library and enhance its resources. This is achieved by raising funds to procure books and other materials, as well as by offering volunteer support to the library's staff. The nonprofit's activities contribute to the betterment of Ludington Library, ensuring it remains an essential resource for the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Stars)
Ludington Library has received a Three-Star rating from Charity Navigator, indicating that it demonstrates a reasonable level of accountability and financial management. The rating is based solely on its Accountability & Finance score, which stands at 79%. This score reflects the organization's strong governance practices and its commitment to maintaining transparency in its operations.
The library excels in several key areas, including having a fully independent board, with 100% of its members meeting this criterion. It has also implemented comprehensive policies regarding conflict of interest, whistleblower protections, and document retention, scoring full points in each of these categories. Additionally, the organization maintains a robust financial structure, with a program expense ratio of 93.20%, suggesting that a significant portion of its funding is directed towards fulfilling its mission.
However, while the overall score is positive, it is important to note that the rating is solely derived from the Accountability & Finance beacon. This means that other aspects of the library's performance, such as program impact and community engagement, are not reflected in the rating. As a result, while the financial health appears strong, potential supporters should consider seeking further information about the library's overall effectiveness and community contributions.
This AI summary has been generated from information found on Charity Navigator.
Is Ludington Library legitimate?
Ludington Library is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ludington Library 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:
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What is the mission statement of Ludington Library?
The Ludington Library's mission is supported by an external group, aiming to provide additional assistance to the library. This group offers volunteer support to the library staff and raises funds to procure books and various materials. The primary objective of Ludington Library, as a public library, is to serve its community, and this external group plays a crucial role in enhancing its resources and capabilities.
Who is the CEO of Ludington Library?
Susan Hollenstein is the President of Ludington Library.
What is the revenue of Ludington Library?
Ludington Library's revenue in 2022 was $542,625.
Who are the executives of Ludington Library and what are their salaries?
There 20 volunteers at Ludington Library.
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Where can I find the form 990 for Ludington Library?
Ludington Library's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ludington Library
The Ludington Library, a public institution within Lower Merion Township, is the focus of a dedicated nonprofit organization. This group's mission is to offer both volunteer support and financial aid to the library. Volunteers are dispatched to assist the library staff, while funds are raised to procure books and other educational materials. By doing so, the nonprofit aims to bolster the resources and services provided by the Ludington Library, ensuring it continues to serve its community effectively.
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Impact
July, 2024
Ludington Library plays a vital role in providing access to educational resources and opportunities for the residents of Bryn Mawr, PA. By offering a wide range of books, materials, and programs, Ludington Library serves as a hub for learning, discovery, and community engagement. The library's impact extends beyond its physical space, fostering a love for reading and lifelong learning among individuals of all ages. Through the support of volunteers and fundraising efforts, Ludington Library continues to enrich the lives of its patrons and contribute to the educational development of the community.
This information is meant to be a general summary of Ludington Library. 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: $276,180
- Program Service Revenue: $32,793
- Gross Receipts: $544,546
Assets and Liabilities:
- Total Assets: $2,186,168
- Total Liabilities: $0
- Net Assets: $2,186,168
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Organization Details
Founding Year
1953
Phone
(610) 525-1776Principal Officer
Susan Hollenstein
Main Address
5 SOUTH BRYN MAWR AVENUE, BRYN MAWR, PA, 19010
NTEE Category
Code: B71Z - Education
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