Overview
What is New Martinsville Library Foundation Inc?
New Martinsville Library Foundation Inc is a community-driven organization based in New Martinsville, West Virginia, specifically at 160 Washington Avenue. Their primary mission is to establish a perpetual source of supplementary funding for the New Martinsville Public Library. This nonprofit achieves this objective by receiving contributions and earning investments, thereby securing a reliable financial resource for the library's ongoing needs. The foundation's activities and purpose revolve around supporting the library, ensuring it has the necessary financial means to provide comprehensive services to its community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%
The New Martinsville Library Foundation Inc has received a Four-Star out of Four Star rating from Charity Navigator, reflecting a strong commitment to accountability and finance. This rating is based entirely on their exceptional performance in these areas, indicating that the organization operates with a high level of transparency and fiscal responsibility.
The foundation scores particularly well in several key metrics, including a 100% independent board, indicating that all board members are free from any conflicts of interest. Furthermore, they have no material diversion of assets and have established comprehensive policies for whistleblowing and document retention, which enhances their governance framework. With a program expense ratio of 75.19%, the organization effectively allocates a significant portion of its resources toward fulfilling its mission.
Despite these strong points, no specific limitations or challenges facing the New Martinsville Library Foundation Inc were noted in the data provided. Overall, the organization demonstrates a solid financial health and a commitment to accountability, which are crucial factors for potential donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
Is New Martinsville Library Foundation Inc legitimate?
New Martinsville Library Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Martinsville 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
What is the mission statement of New Martinsville Library Foundation Inc?
The New Martinsville Library Foundation Inc is a community-focused organization with a mission to establish a long-term source of additional funding for a public library. Specifically, their goal is to develop and provide a permanent financial backup for the New Martinsville Public Library. To achieve this, the foundation relies on donations and investment earnings, which serve as a consistent revenue source for the library.
Who is the CEO of New Martinsville Library Foundation Inc?
Logan Hassig is the President of New Martinsville Library Foundation Inc.
What is the revenue of New Martinsville Library Foundation Inc?
New Martinsville Library Foundation Inc's revenue in 2022 was $56,139.
Who are the executives of New Martinsville Library Foundation Inc and what are their salaries?
There 4 volunteers at New Martinsville Library Foundation Inc.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for New Martinsville Library Foundation Inc?
New Martinsville Library Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of New Martinsville Library Foundation Inc
The New Martinsville Library Foundation Inc is a community-driven organization with a mission to establish a sustainable source of additional funding for the New Martinsville Public Library. In essence, their goal is to provide a permanent revenue stream for the library. They achieve this by accepting contributions and investment earnings, which serve as the foundation's primary resources. This perpetual funding ensures the library's ability to maintain and enhance its services, thereby benefiting the community as a whole.
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Impact
August, 2024
The New Martinsville Library Foundation Inc plays a crucial role in supporting the New Martinsville Public Library by developing and providing a permanent source of supplemental funding. Through contributions and investment earnings, the Foundation ensures there is a consistent revenue stream to enhance the resources and services offered by the library. This support ultimately benefits the community by enriching educational opportunities and access to information for residents of New Martinsville, WV.
This information is meant to be a general summary of New Martinsville 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: $40,063
- Gross Receipts: $80,859
Assets and Liabilities:
- Total Assets: $1,008,051
- Total Liabilities: $0
- Net Assets: $1,008,051
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Organization Details
Founding Year
2009
Phone
(304) 455-2180Principal Officer
Logan Hassig
Main Address
160 WASHINGTON AVENUE, NEW MARTINSVILLE, WV, 26155
NTEE Category
Code: B11 - Education
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