Overview
What is Lafayette Library And Learning Center Foundation?
Lafayette Library and Learning Center Foundation, abbreviated as LLLCF or simply the Foundation, was established in 2007 with the primary objective of supporting the construction, operation, and programming of the Lafayette Library and Learning Center (LLLC). This nonprofit organization is headquartered at 3491 MT Diablo Blvd, Lafayette, CA 94549. The Foundation enhances LLLC's excellence by providing financial assistance, cultivating enriching programs, fostering public commitment to LLLC, and increasing the library's visibility and positive impact within the community. The Foundation is responsible for funding over half of LLLC's annual operational costs, contributing to expanded library hours, program funding, additional collection materials, and maintenance and operational expenses. In collaboration with community partners, the mission of the Foundation is to sustain LLLC, home to the Glenn Seaborg Learning Consortium, as a community hub and regional resource, offering enriched experiences for various age groups.
Official website here: www.lllcf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 99% (Four-Star out of Four Star rating)
The Lafayette Library and Learning Center Foundation has achieved an impressive rating of 99% on Charity Navigator, indicating a strong level of accountability and financial management. The organization scores particularly well in the Accountability & Finance category, with a perfect score of 100. This includes key metrics such as 100% independent board members and a solid financial oversight framework, showcasing the foundation's commitment to transparency and effective governance.
In terms of program expenses, 78.06% of their budget is allocated directly to their programs, reflecting a strong dedication to fulfilling their mission. Additionally, their culture and community score of 90 suggests that they have effective practices in place for collecting and utilizing constituent feedback, ensuring that community voices are heard and considered in their operations.
However, there are some areas for improvement, particularly in equity strategies, where they scored 85 out of 100. While they excel in feedback collection and usage, their equity data and policies could benefit from further development, as indicated by lower scores in these specific areas. Overall, the foundation demonstrates a robust operational framework with room to enhance their equity initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Lafayette Library And Learning Center Foundation legitimate?
Lafayette Library And Learning Center Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lafayette Library And Learning Center 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: $154,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $156,783
For more financial information, click here
Official website here: www.lllcf.org
What is the mission statement of Lafayette Library And Learning Center Foundation?
The Lafayette Library and Learning Center Foundation's mission, in collaboration with community partners, is to sustain the Lafayette Library and Learning Center as a community hub and regional resource. This center, known as the Glenn Seaborg Learning Consortium, offers enriching experiences for individuals of all ages. The foundation supports the library's operations and programs financially, enhances its excellence through additional programming, strengthens public commitment to the library, and increases its visibility and positive impact in the community. The foundation is responsible for funding over half of the library's annual operating costs, contributing to expanded library hours, funding programs, providing additional collection materials, and covering maintenance and operational expenses.
Official website here: www.lllcf.org
Who is the CEO of Lafayette Library And Learning Center Foundation?
Rita Iorfida is the President of Lafayette Library And Learning Center Foundation.
Official website here: www.lllcf.org
What is the revenue of Lafayette Library And Learning Center Foundation?
Lafayette Library And Learning Center Foundation's revenue in 2022 was $2,565,872.
Official website here: www.lllcf.org
Who are the executives of Lafayette Library And Learning Center Foundation and what are their salaries?
The average compensation at Lafayette Library And Learning Center Foundation during 2022 was $62,157. There are 5 employees and 30 volunteers at Lafayette Library And Learning Center Foundation.
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Official website here: www.lllcf.org
Where can I find the form 990 for Lafayette Library And Learning Center Foundation?
Lafayette Library And Learning Center Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lllcf.org
Learn more at the official website: www.lllcf.org
Mission Statement of Lafayette Library And Learning Center Foundation
The Lafayette Library and Learning Center Foundation, established in 2007, is committed to sustaining the Lafayette Library and Learning Center, a community hub and regional resource. This foundation collaborates with local partners to ensure the library continues to offer enriching experiences for individuals of all ages. The foundation's primary role involves providing financial support, enriching programming, bolstering public commitment to the library, and increasing its visibility in the community. By doing so, the foundation contributes to over half of the library's annual operating costs. These expenses cover extending library hours, funding programs, acquiring additional collection materials, and managing maintenance and operational expenses.
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Impact
October, 2024
The Lafayette Library and Learning Center Foundation significantly enhances the community by establishing and supporting the operations and programs of the Lafayette Library and Learning Center. Since its inception in 2007, the Foundation has played a crucial role in funding over 50% of the library's annual operating costs, which includes extending library hours, funding diverse programs, and maintaining a comprehensive collection of materials.
By providing financial support, the Foundation deepens public commitment to the library, increases its visibility, and ensures that it remains a vital community resource. Collaborating with community partners, the Foundation works to sustain the library as a hub for learning and enrichment tailored for all ages. Through its efforts, the Foundation creates a space that fosters education, community engagement, and lifelong learning, significantly impacting the lives of Lafayette residents and beyond.
This information is meant to be a general summary of Lafayette Library And Learning Center 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 2022.
- Investment Income: $2,064,681
- Program Service Revenue: $99,064
- Gross Receipts: $10,006,270
Assets and Liabilities:
- Total Assets: $24,906,214
- Total Liabilities: $811,368
- Net Assets: $24,094,846
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LIBRARY FACILITY RENT
Revenue
$93,861
PROGRAM REVENUES - SPEAKER SERIES
Revenue
$5,203
Organization Details
Founding Year
2007
Phone
(925) 283-6513Principal Officer
Rita Iorfida
Main Address
3491 MT DIABLO BLVD 214, LAFAYETTE, CA, 94549
Website
www.lllcf.orgNTEE Category
Code: B70 - Education
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