Overview
What is Framingham Public Library Foundation Inc?
Framingham Public Library Foundation Inc is a nonprofit organization situated in Framingham, Massachusetts. Its primary mission is to secure a lasting legacy for the Framingham libraries by establishing an endowment to supplement funds received from the town. To accomplish this, the foundation has funded a state-of-the-art Technology & Learning Center (TLC) at the main library. This center offers instructor-led classes on various topics, such as online shopping safety, family tree research, digital photography, and database usage. The TLC also provides resources for job seekers and aspiring entrepreneurs, while expanding the library's Homework Center with new breakout spaces, furnishings, and materials for K-12 students.
Official website here: www.framlibfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Star Rating
The Framingham Public Library Foundation Inc has achieved a Three-Star rating from Charity Navigator, indicating a solid performance in terms of accountability and finance. The foundation's overall score is predominantly based on its strong financial practices, with no reported material diversion of assets and a low liabilities to assets ratio of 0.60%. These metrics suggest that the organization is managing its resources effectively.
Strengths of the foundation include a fully independent board, scoring 10 out of 10 for both the majority of independent board members and the independent board size. Additionally, the organization has demonstrated a significant commitment to its programs, with an impressive program expense ratio of 78.08%. This suggests that a significant portion of its expenditures is directed toward fulfilling its mission.
However, there are notable limitations in its governance practices. The foundation lacks several essential policies, including a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy, all of which received a score of zero. This absence may raise concerns regarding the foundation's overall governance and transparency practices.
This AI summary has been generated from information found on Charity Navigator.
Is Framingham Public Library Foundation Inc legitimate?
Framingham Public Library Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Framingham Public 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: $0
For more financial information, click here
Official website here: www.framlibfoundation.org
What is the mission statement of Framingham Public Library Foundation Inc?
The Framingham Public Library Foundation Inc's mission is centered around establishing a legacy for the future of local libraries. Their primary goal is to create an endowment that supplements funds received from the town, aiming to enhance the library's resources and services. To achieve this, they have outfitted a state-of-the-art Technology & Learning Center (TLC) at the main library. This center offers instructor-led classes covering various topics such as online shopping, family tree research, digital photography, graphics, and database usage. The TLC also provides resources for job seekers and aspiring entrepreneurs. Furthermore, the TLC expands the library's Homework Center by offering new breakout spaces, furnishings, and materials for K-12 students in the city.
Official website here: www.framlibfoundation.org
Who is the CEO of Framingham Public Library Foundation Inc?
Ruth Winett is the President of Framingham Public Library Foundation Inc.
Official website here: www.framlibfoundation.org
What is the revenue of Framingham Public Library Foundation Inc?
Framingham Public Library Foundation Inc's revenue in 2022 was $56,257.
Official website here: www.framlibfoundation.org
Who are the executives of Framingham Public Library Foundation Inc and what are their salaries?
Here are 10 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
Official website here: www.framlibfoundation.org
Where can I find the form 990 for Framingham Public Library Foundation Inc?
Framingham Public Library Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.framlibfoundation.org
Learn more at the official website: www.framlibfoundation.org
Mission Statement of Framingham Public Library Foundation Inc
The Framingham Public Library Foundation Inc is dedicated to establishing a lasting legacy for the future of both Framingham libraries. Their ultimate objective is to create an endowment that will supplement the funds received from the town of Framingham. This endowment aims to ensure the longevity and continued growth of these libraries.
As part of this mission, the Framingham Public Library Foundation Inc has outfitted a state-of-the-art Technology & Learning Center (TLC) within the main library. This TLC offers a variety of instructor-led classes, catering to a wide range of interests. These classes include, but are not limited to, safe online shopping, family history research, digital photography, graphics, and database usage for research. Furthermore, the TLC provides resources for job seekers and budding entrepreneurs, expanding the library's Homework Center by offering new breakout spaces, furnishings, and materials to the city's K-12 students.
In essence, the Framingham Public Library Foundation Inc is working tirelessly to ensure the future prosperity of its libraries by creating an endowment and providing advanced technological resources and educational opportunities for the 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
August, 2024
Framingham Public Library Foundation Inc's impact can be seen in the transformation it has brought to the Framingham libraries through the creation of a state-of-the-art Technology & Learning Center (TLC). This center provides a wide range of instructor-led classes, covering topics from online shopping safety to digital photography, catering to various interests and needs in the community. Furthermore, the TLC offers resources for job seekers, entrepreneurs, and students, enhancing the library's offerings and supporting educational opportunities for all ages. The foundation's efforts aim to create a lasting legacy for the Framingham libraries, ensuring sustainable support through an endowment to supplement town funds. Through initiatives like these, the Framingham Public Library Foundation Inc is making a significant impact on education and community enrichment in Framingham, Massachusetts.
This information is meant to be a general summary of Framingham Public 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 2022.
- Investment Income: $669
- Gross Receipts: $56,257
Assets and Liabilities:
- Total Assets: $219,557
- Total Liabilities: $1,310
- Net Assets: $218,247
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2010
Phone
(508) 532-5570Principal Officer
Ruth Winett
Main Address
49 LEXINGTON STREET, FRAMINGHAM, MA, 01702
Website
www.framlibfoundation.orgNTEE Category
Code: B11 - Education
If you are a representative of Framingham Public 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.