Overview
What is The Wellesley Free Library Foundation Inc?
The Wellesley Free Library Foundation Inc is a charitable organization based in Wellesley, Massachusetts, specifically at 530 Washington Street, with a primary mission to enrich, rather than replace, traditional tax-supported funding for the local library. The foundation achieves this goal by soliciting donations, grants, and bequests from individuals and organizations. Their purpose is to provide additional resources for library materials, building maintenance, furnishings, and programs, thereby reinforcing the importance of continued and increased public support for the library. The Wellesley Free Library, being a department of the Town of Wellesley, Massachusetts, greatly benefits from the foundation's initiatives.
Is The Wellesley Free Library Foundation Inc legitimate?
The Wellesley Free Library Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Wellesley Free Library Foundation Inc 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: $22,105
For more financial information, click here
What is the mission statement of The Wellesley Free Library Foundation Inc?
The Wellesley Free Library Foundation's mission is to enrich the support for a local library, which is a department of the Town of Wellesley, Massachusetts. They achieve this by accepting donations, grants, and bequests from individuals and organizations. The foundation's role is not to replace traditional tax-based support but to supplement it, thereby emphasizing the importance of continued and increased public support for the library. By enriching the library's resources through these means, the foundation aims to enhance the library's ability to provide materials, maintain its building, and offer programs for its patrons.
What is the revenue of The Wellesley Free Library Foundation Inc?
The Wellesley Free Library Foundation Inc's revenue in 2024 was $707,548.
Who are the executives of The Wellesley Free Library Foundation Inc and what are their salaries?
The average compensation at The Wellesley Free Library Foundation Inc during 2024 was $22,105. There is 1 employee and 40 volunteers at The Wellesley Free Library Foundation Inc.
Here are 16 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
- 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
- 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
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for The Wellesley Free Library Foundation Inc?
The Wellesley Free Library Foundation Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of The Wellesley Free Library Foundation Inc
The Wellesley Free Library Foundation Inc, established to support the Wellesley Free Library, aims to enrich its operations beyond the traditional tax-based funding. The foundation achieves this by soliciting gifts, grants, and bequests from individuals and organizations. Its mission is not to replace, but to supplement the existing support for the library, thereby emphasizing the importance of continued and increased public funding for the library's growth and development. The Wellesley Free Library Foundation Inc serves as a catalyst, reinforcing the need for public support while providing additional resources to enhance the library's services and programs.
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 Wellesley Free Library Foundation Inc significantly enhances the resources and services offered by the Wellesley Free Library in Massachusetts. By providing essential support for a wide range of library needs—including materials, building maintenance, furnishings, and various programs—the foundation plays a vital role in enriching the overall experience for the community.
This support serves to complement and enhance traditional tax-based funding, allowing the library to diversify its offerings and reach more patrons. Through gifts, grants, and bequests from individuals and organizations, the foundation not only facilitates immediate improvements but also promotes the continued importance of public support for the library’s ongoing initiatives.
The foundation's commitment to enhancing educational resources helps strengthen the community’s access to information, culture, and personal growth opportunities. Overall, its impact is felt through improved library services that foster learning, community engagement, and a love for reading among residents of Wellesley.
This information is meant to be a general summary of The Wellesley Free Library Foundation Inc. 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 2024.
- Investment Income: $208,003
- Gross Receipts: $1,496,889
Assets and Liabilities:
- Total Assets: $6,682,036
- Total Liabilities: $336,555
- Net Assets: $6,345,481
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2008
Principal Officer
Keith Higgins
NTEE Category
Code: B117 - Education
If you are a representative of The Wellesley Free Library Foundation Inc 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.