Overview
What is Thomas Memorial Library Foundation?
The Thomas Memorial Library Foundation is a nonprofit organization, established with the purpose of raising funds to support the Cape Elizabeth town Library. Their primary goal is to enhance the library's resources and capabilities, addressing needs that are not covered by the town budget. They have been actively engaged in fundraising efforts through annual appeals and a capital campaign from 2014 to 2016, aimed at refurbishing the library. The foundation's objectives also include building an endowment to provide financial stability for the library, should there be reduced town support due to a tax cap initiative. Beyond budgeted functions, the foundation's support ensures the library's continued operation and growth.
Is Thomas Memorial Library Foundation legitimate?
Thomas Memorial Library Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Thomas Memorial 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.
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What is the mission statement of Thomas Memorial Library Foundation?
The Thomas Memorial Library Foundation's mission is centered around providing financial support for a local library. Through various fundraising efforts, such as annual appeals and capital campaigns, the foundation aims to build an endowment to ensure the library's continued operation, even in the face of potential budget cuts. This endowment also serves to fund non-budgeted library functions, providing stability and flexibility for the library's operations. The foundation's ultimate goal is to ensure the library has the resources it needs to serve its community effectively.
Who is the CEO of Thomas Memorial Library Foundation?
Tyler Patterson is the President of Thomas Memorial Library Foundation.
What is the revenue of Thomas Memorial Library Foundation?
Thomas Memorial Library Foundation's revenue in 2022 was $80,744.
Who are the executives of Thomas Memorial Library Foundation and what are their salaries?
Here are 11 key members and their salaries:
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Where can I find the form 990 for Thomas Memorial Library Foundation?
Thomas Memorial Library Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Thomas Memorial Library Foundation
The Thomas Memorial Library Foundation is a nonprofit organization with the primary mission of providing financial support for the Cape Elizabeth town library. In pursuit of this objective, the foundation engages in various activities. One of its key initiatives is to raise funds through annual appeals, aiming to establish an endowment that can sustain the library's operations in the event of reduced town support due to a tax cap initiative.
Beyond this, the foundation also focuses on supporting non-budgeted library functions that are essential for the library's smooth operation but may not be covered by the town budget. This could include purchasing additional resources, funding special events, or investing in technological upgrades. Furthermore, the foundation's ultimate goal is to build an endowment that offers a level of stability to the Cape Elizabeth town Library, ensuring its long-term viability and ability to serve the community effectively.
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Impact
October, 2024
The Thomas Memorial Library Foundation significantly enhances the resources and capabilities of the Cape Elizabeth town library. By raising funds through annual appeals, the Foundation builds an endowment crucial for maintaining library services, particularly in situations where town funding may become limited. This financial support allows for the continuation of various library functions that fall outside the typical budget, ensuring a diverse range of offerings for the community.
Between 2014 and 2016, the Foundation spearheaded a capital campaign that successfully refurbished the library, demonstrating its commitment to creating a welcoming and modern space for patrons. This initiative not only revitalized the physical environment but also strengthened the library's role as a vital educational and cultural hub in Cape Elizabeth. Through its ongoing efforts, the Foundation plays a pivotal role in securing the future of the library, helping to cultivate a love for reading and learning within the community.
This information is meant to be a general summary of Thomas Memorial 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: $10,401
- Gross Receipts: $80,744
Assets and Liabilities:
- Total Assets: $730,053
- Total Liabilities: $0
- Net Assets: $730,053
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Organization Details
Founding Year
2004
Phone
(207) 239-1950Principal Officer
Tyler Patterson
Main Address
6 SCOTT DYER RD, CAPE ELIZ, ME, 041072017
NTEE Category
Code: B11 - Education
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