Overview
What is Oceanic Public Library Trust?
Oceanic Public Library Trust is a nonprofit organization situated in Rumson, New Jersey, with a specific mission to support the local Oceanic Free Library. Established with the primary objective of ensuring the library's maintenance, the Trust plays a crucial role in preserving the community's access to knowledge and resources. The organization's activities primarily revolve around maintaining the Oceanic Free Library, which serves as an invaluable community asset in Rumson. The Trust's mission reflects its commitment to fostering an environment conducive to learning and growth for residents of all ages.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 65%, Two-Star out of Four Star rating. This rating reflects the organization’s performance in the area of Accountability & Finance, serving as a critical indicator of its financial health and operational transparency.
The Oceanic Public Library Trust demonstrates strong governance practices, with a fully independent board and no material diversion of assets. The organization has consistently documented board meeting minutes, which contributes positively to its accountability score. Additionally, the liabilities to assets ratio is exceptionally low, indicating a healthy financial standing.
However, the Program Expense Ratio is somewhat lower at 63.48%, which may suggest that a smaller portion of total expenses is directed towards programs relative to administrative costs. This could raise concerns for potential donors about the effectiveness of fund allocation. Overall, while the organization has solid financial governance, improvements in program spending efficiency could enhance its rating further.
This AI summary has been generated from information found on Charity Navigator.
Is Oceanic Public Library Trust legitimate?
Oceanic Public Library Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Oceanic Public Library Trust 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 Oceanic Public Library Trust?
The Oceanic Public Library Trust was established with the primary objective of maintaining the Oceanic Free Library. This organization is dedicated to preserving and upholding the operations of this library, ensuring it continues to serve its community effectively. The Oceanic Free Library, located in Rumson, NJ, is the focus of their efforts, providing resources and knowledge to its users. By supporting the library, the Trust aims to foster learning, encourage literacy, and promote cultural enrichment within the community.
Who is the CEO of Oceanic Public Library Trust?
Carl A Reiss is the Trustee of Oceanic Public Library Trust.
What is the revenue of Oceanic Public Library Trust?
Oceanic Public Library Trust's revenue in 2022 was $25,565.
Who are the executives of Oceanic Public Library Trust and what are their salaries?
There 5 volunteers at Oceanic Public Library Trust.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Oceanic Public Library Trust?
Oceanic Public Library Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Oceanic Public Library Trust
The Oceanic Public Library Trust was established with a mission to maintain the Oceanic Free Library, located in Rumson, New Jersey. This nonprofit organization's primary role is to ensure the continued operation and upkeep of the library, providing the community with a valuable resource for knowledge and learning. By supporting the library, the Oceanic Public Library Trust contributes to the educational and cultural growth of its local community.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The Oceanic Public Library Trust significantly impacts the community by ensuring the continued operation and maintenance of the Oceanic Free Library in Rumson, NJ. Through its support, the trust enhances access to educational resources and information for residents of all ages. By maintaining the library's facilities and resources, the organization fosters a vibrant learning environment, encourages literacy, and promotes lifelong learning within the community. This commitment to education not only enriches the lives of individuals but also strengthens the social fabric of Rumson, making it a valuable asset for local families and students.
This information is meant to be a general summary of Oceanic Public Library Trust. 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: $542
- Gross Receipts: $192,921
Assets and Liabilities:
- Total Assets: $554,103
- Total Liabilities: $0
- Net Assets: $554,103
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1920
Phone
(732) 804-4405Principal Officer
Carl A Reiss
Main Address
109 AVENUE OF TWO RIVERS, RUMSON, NJ, 07760
NTEE Category
Code: B70 - Education
If you are a representative of Oceanic Public Library Trust 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.