Overview
What is Slover Library Foundation?
The Slover Library Foundation is a nonprofit organization situated in Norfolk, Virginia, with a primary mission to support the maintenance and operation of a central library for the city. They accomplish this by sponsoring various events and programs at the Norfolk Public Library throughout the year. These events include national poetry events, NASA science exhibits, NATO festival events, political science speaker forums, youth piano recitals, and similar activities. Their mission encompasses the organization of speakers, exhibits, receptions, performances, and educational events, ultimately contributing to the enrichment and engagement of the local community. With a modest team of two employees, the Slover Library Foundation plays a significant role in fostering cultural and educational opportunities within Norfolk.
Official website here: www.sloverlibrary.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83%, Three-Star out of Four Star Rating
The Slover Library Foundation has earned a Three-Star rating from Charity Navigator, indicating a solid performance in its accountability and finance practices. The foundation received an overall score of 83%, which reflects its strong commitment to maintaining an independent board and effective governance. Notably, 93% of its board members are independent, and it has a clear policy framework in place for conflicts of interest.
However, the foundation does have some limitations in its policies, specifically regarding the absence of a whistleblower policy and a document retention and destruction policy, both of which received a score of zero. This could impact perceptions of transparency and accountability, despite the foundation's strong financial practices evidenced by a 74.93% program expense ratio and a zero liabilities to assets ratio.
Overall, while the Slover Library Foundation demonstrates strong fiscal responsibility and governance, addressing the noted gaps in its policy framework could enhance its reputation and operational effectiveness further.
This AI summary has been generated from information found on Charity Navigator.
Is Slover Library Foundation legitimate?
Slover Library Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Slover 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: $142,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $68,000
For more financial information, click here
Official website here: www.sloverlibrary.org
What is the mission statement of Slover Library Foundation?
The Slover Library Foundation's mission is centered around supporting the maintenance and operation of a central library. In pursuit of this goal, the foundation engages in various activities. These include sponsoring speakers, exhibits, receptions, performances, and educational events held at the library throughout the year. Notable events they support include national poetry events, NASA science exhibits, NATO festival events, political science speaker forums, youth piano recitals, and similar occasions. The primary objective of the Slover Library Foundation is to contribute to the enrichment and continuity of this central library.
Official website here: www.sloverlibrary.org
Who is the CEO of Slover Library Foundation?
Paul D Fraim is the Chairman & President of Slover Library Foundation.
Official website here: www.sloverlibrary.org
What is the revenue of Slover Library Foundation?
Slover Library Foundation's revenue in 2022 was $614,841.
Official website here: www.sloverlibrary.org
Who are the executives of Slover Library Foundation and what are their salaries?
The average compensation at Slover Library Foundation during 2022 was $105,000. There are 2 employees at Slover Library Foundation.
Here are 15 key members and their salaries:
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Official website here: www.sloverlibrary.org
Where can I find the form 990 for Slover Library Foundation?
Slover Library Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sloverlibrary.org
Learn more at the official website: www.sloverlibrary.org
Mission Statement of Slover Library Foundation
The Slover Library Foundation's mission is centered around supporting the upkeep and functioning of a central library within a city. This organization strives to ensure the library remains an integral part of the community by providing financial assistance for its maintenance and operations. Beyond this, the foundation actively sponsors a variety of events held at the library throughout the year. These events encompass a wide range of topics, including national poetry events, NASA science exhibits, NATO festival activities, political science speaker forums, youth piano recitals, and similar engagements. By supporting these initiatives, the Slover Library Foundation contributes to the library's role as a vibrant cultural and educational hub, fostering community engagement and learning opportunities for all.
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Impact
July, 2024
The Slover Library Foundation's impact is significant in supporting the maintenance and operation of a central library for the city of Norfolk. Through its sponsorship of speakers, exhibits, receptions, performances, and educational events conducted at the Norfolk Public Library, the foundation enriches the community's cultural and educational experiences. From national poetry events to NASA science exhibits, NATO festival events, political science speaker forums, youth piano recitals, and more, these activities enhance the library's role as a hub for learning and community engagement. The foundation's dedication to education is evident in its support of diverse programs that cater to a wide range of interests and age groups, making a lasting impact on the residents of Norfolk, Virginia.
This information is meant to be a general summary of Slover 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 2022.
- Investment Income: $174,399
- Gross Receipts: $1,250,862
Assets and Liabilities:
- Total Assets: $9,941,575
- Total Liabilities: $25,100
- Net Assets: $9,916,475
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Organization Details
Founding Year
2008
Phone
(757) 664-4320Principal Officer
Paul D Fraim
Main Address
235 E PLUME STREET, NORFOLK, VA, 23510
Website
www.sloverlibrary.orgNTEE Category
Code: B11 - Education
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