Overview
What is Cedar Rapids Public Library Foundation?
The Cedar Rapids Public Library Foundation is a nonprofit organization situated in Cedar Rapids, Iowa. Their primary objective is to support the library's initiatives aimed at promoting access, literacy, and inclusivity for all age groups. One of their notable programs is Dolly Parton's Imagination Library, which has been operational for five years in Cedar Rapids. This initiative sends free, age-appropriate books to children under five, with over 330,000 books distributed and over 5,500 children enrolled as of June 2023. The library also maintains a partnership with Cargill, which has been ongoing for 32 years, funding outreach programs for at-risk preschoolers. During the 2022-23 school year, library staff made six classroom visits per month, reaching 113 preschoolers and delivering 1,017 books with customized activity sheets. In summary, the foundation works to mobilize resources and relationships, empowering the library to deliver innovative programs and services.
Official website here: www.crlibrary.org/foundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84%, Three-Star out of Four Star rating.
The Cedar Rapids Public Library Foundation has received a solid rating of 84%, indicating a strong level of accountability and transparency in its operations. The charity boasts a fully independent board, which is a significant strength, contributing positively to governance and oversight. The organization also excels in financial oversight, with no material diversion of assets reported and robust policies in place for conflict of interest and whistleblower protections.
However, while the foundation's program expense ratio stands at 57.08%, it could improve its investment in programs relative to administrative costs, as this figure is lower than the optimal standard. The library foundation has effectively maintained its financial health, evidenced by a favorable liabilities to assets ratio of 23.52%. Overall, the organization demonstrates a commitment to responsible management and integrity, though there remains room for enhancing programmatic investments.
This AI summary has been generated from information found on Charity Navigator.
Is Cedar Rapids Public Library Foundation legitimate?
Cedar Rapids Public Library Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cedar Rapids Public Library Foundation 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: $124,866
Professional Fundraising Fees: $73,869
Other Salaries and Wages: $73,888
For more financial information, click here
Official website here: www.crlibrary.org/foundation
What is the mission statement of Cedar Rapids Public Library Foundation?
The Cedar Rapids Public Library Foundation's mission is to mobilize resources and relationships to empower the local library, enabling it to deliver innovative programs and services. This foundation has been instrumental in supporting the library's initiatives to promote access, literacy, and inclusion for various age groups. One of their notable projects is Dolly Parton's Imagination Library, which has been sending free, age-appropriate books to children under five in Cedar Rapids for five consecutive years. As of June 30, 2023, over 330,000 books have been distributed, with enrollment exceeding 5,500 children under five. The library's partnership with Cargill, now in its 32nd year, also funds outreach programs for at-risk preschool children. During the 2022-23 school year, library staff conducted six classroom visits per month, reaching 113 preschoolers aged two to five. They also distributed 1,017 books and customized activity sheets for each book.
Official website here: www.crlibrary.org/foundation
Who is the CEO of Cedar Rapids Public Library Foundation?
Megan Murphy-Salyer is the Vice President of Cedar Rapids Public Library Foundation.
Official website here: www.crlibrary.org/foundation
What is the revenue of Cedar Rapids Public Library Foundation?
Cedar Rapids Public Library Foundation's revenue in 2023 was $585,008.
Official website here: www.crlibrary.org/foundation
Who are the executives of Cedar Rapids Public Library Foundation and what are their salaries?
The average compensation at Cedar Rapids Public Library Foundation during 2023 was $66,251. There are 3 employees and 16 volunteers at Cedar Rapids Public Library Foundation.
Here are 16 key members and their salaries:
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Official website here: www.crlibrary.org/foundation
Where can I find the form 990 for Cedar Rapids Public Library Foundation?
Cedar Rapids Public Library Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.crlibrary.org/foundation
Learn more at the official website: www.crlibrary.org/foundation
Mission Statement of Cedar Rapids Public Library Foundation
The Cedar Rapids Public Library Foundation mobilizes resources and relationships to empower the library, enabling it to deliver innovative programs and services. This nonprofit organization's mission is geared towards enhancing access to literature, promoting literacy, and fostering inclusivity for individuals of all ages. One of their notable initiatives is Dolly Parton's Imagination Library, which has been sending free, age-appropriate books to children under five in Cedar Rapids for five consecutive years. As of June 30, 2023, the foundation has distributed over 330,000 books to children in the area, with enrollment exceeding 5,500 children under five. Furthermore, the foundation's partnership with Cargill, now in its 32nd year, funds outreach programs catering to at-risk preschoolers. During the 2022-23 school year, library staff conducted six classroom visits per month, reaching a total of 113 preschoolers aged two to five. They also provided 1,017 books and customized activity sheets for each book, underscoring the foundation's commitment to engaging young minds and fostering a love for reading.
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Impact
July, 2024
The Cedar Rapids Public Library Foundation's impact includes supporting the library's efforts to promote access, literacy, and inclusion for all ages. A key program supported by the Foundation is Dolly Parton's Imagination Library, which sends free, age-appropriate books to children under 5 in Cedar Rapids. As of June 30, 2023, over 330,000 books have been mailed to children in the city, with enrollment exceeding 5,500 children under five. Additionally, the Foundation's partnership with Cargill has entered its 32nd year, funding outreach programs for at-risk preschools. Library staff provided classroom visits and distributed books and customized activity sheets, reaching a total of 113 preschoolers ages two to five. Through these initiatives and more, the Cedar Rapids Public Library Foundation plays a crucial role in promoting education and literacy in the community.
This information is meant to be a general summary of Cedar Rapids Public Library Foundation. 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: -$336,830
- Gross Receipts: $8,951,865
Assets and Liabilities:
- Total Assets: $13,397,406
- Total Liabilities: $3,151,670
- Net Assets: $10,245,736
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Organization Details
Founding Year
1974
Phone
(319) 739-0411Principal Officer
Megan Murphy-Salyer
Main Address
450 5TH AVE SE, CEDAR RAPIDS, IA, 52401
Website
www.crlibrary.org/foundationNTEE Category
Code: B11 - Education
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