Overview
What is Alleghany Highlands Regional Library Foundation?
The Alleghany Highlands Regional Library Foundation is a dedicated nonprofit organization that generously contributes to the financial well-being of the Alleghany Highlands Regional Library. Their primary mission involves providing essential financial support to enhance the library's programs and services. This backing allows the library to thrive and serve its community effectively.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Stars)
The Alleghany Highlands Regional Library Foundation has received a three-star rating from Charity Navigator, reflecting a solid overall score of 79%. This rating is based solely on their Accountability & Finance metrics, indicating a commitment to transparency and effective management of resources within the organization. The most recent fiscal year reported is FY2023, and the foundation exhibits strong practices in governance and fiscal responsibility.
One of the notable strengths of the foundation includes having a fully independent board, which scored a perfect 10 out of 10. Additionally, the organization has demonstrated exemplary practices in terms of material diversion of assets, conflict of interest policies, and documenting board meeting minutes. Their liabilities to assets ratio stands at an impressive 0.00%, suggesting a stable financial position.
However, while the foundation has a respectable program expense ratio of 69.58%, it is essential to note that this score is slightly below the maximum possible. This could indicate that there may be room for improvement in allocating resources directly to programs versus administrative costs. Overall, the Alleghany Highlands Regional Library Foundation showcases strong accountability and governance, making it a reliable choice for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Alleghany Highlands Regional Library Foundation legitimate?
Alleghany Highlands Regional Library Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Alleghany Highlands Regional 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Alleghany Highlands Regional Library Foundation?
The Alleghany Highlands Regional Library Foundation's mission is centered around providing financial backing for the Alleghany Highlands Regional Library. In this role, the foundation supports the library's programs, ensuring their continuity and growth. By offering financial aid, the foundation plays a significant role in promoting the library's services and resources to its community. This mission underscores the foundation's commitment to fostering a thriving literary environment and encouraging lifelong learning.
Who is the CEO of Alleghany Highlands Regional Library Foundation?
Dennis Nelson is the Chairman of Alleghany Highlands Regional Library Foundation.
What is the revenue of Alleghany Highlands Regional Library Foundation?
Alleghany Highlands Regional Library Foundation's revenue in 2023 was -$9,422.
Who are the executives of Alleghany Highlands Regional Library Foundation and what are their salaries?
There 10 volunteers at Alleghany Highlands Regional Library Foundation.
Here are 8 key members and their salaries:
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- Related: $69,000
- Other: $11,682
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Where can I find the form 990 for Alleghany Highlands Regional Library Foundation?
Alleghany Highlands Regional Library Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Alleghany Highlands Regional Library Foundation
The Alleghany Highlands Regional Library Foundation is dedicated to providing financial assistance to the Alleghany Highlands Regional Library. In essence, this nonprofit organization's mission revolves around bolstering the library's financial resources, thereby enabling it to maintain and expand its programs and services. By offering financial support, the Alleghany Highlands Regional Library Foundation plays a crucial role in ensuring the library's continued success and growth.
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Impact
October, 2024
The Alleghany Highlands Regional Library Foundation significantly enhances the educational and cultural landscape of Covington, VA, by providing vital financial support to the Alleghany Highlands Regional Library. This support enables the library to maintain and expand its programs, ensuring access to resources that foster literacy, learning, and community engagement. Through its efforts, the foundation helps create a vibrant hub for education, enriching the lives of residents and promoting lifelong learning in the region.
This information is meant to be a general summary of Alleghany Highlands Regional 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 2023.
- Investment Income: -$9,676
- Gross Receipts: $228,406
Assets and Liabilities:
- Total Assets: $917,512
- Total Liabilities: $0
- Net Assets: $917,512
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Organization Details
Founding Year
2010
Phone
(540) 962-3321Principal Officer
Dennis Nelson
Main Address
406 W RIVERSIDE STREET, COVINGTON, VA, 24426
NTEE Category
Code: B11 - Education
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