Overview
What is The Public Library Of Cincinnati And Hamilton County Foundation Inc?
The Public Library of Cincinnati and Hamilton County Foundation Inc is a nonprofit organization situated in Cincinnati, Ohio. Its primary mission is to provide private sector support for the Cincinnati & Hamilton County Public Library, aiming to strengthen its collections, expand its programs, and enhance its services. To achieve this goal, the foundation makes grants and distributions to the library, thereby contributing to its overall operations and branch libraries. By doing so, the foundation plays an instrumental role in enriching the educational and informational resources available to the community.
Official website here: www.supportchpl.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Stars)
The Public Library of Cincinnati and Hamilton County Foundation Inc has achieved an impressive Four-Star rating from Charity Navigator, with a score of 97%. This rating reflects the organization’s strong commitment to accountability and financial management. Their score is derived entirely from the Accountability & Finance metrics, which indicates a robust structure in place to ensure transparency and responsible stewardship of funds.
Strengths highlighted include a fully independent board, robust financial oversight, and effective policies regarding conflict of interest and whistleblower protections. The organization demonstrates excellent financial practices, with a significant program expense ratio of 82.43%, ensuring that the majority of funds are directed towards their core mission. Additionally, their fundraising efficiency is notably high, with just $0.04 spent to raise each dollar.
While the data showcases exceptional performance in financial management and governance, potential donors can be confident in the organization’s operational integrity. There are no reported issues with material diversions of assets, further solidifying trust in their financial practices. Overall, the Public Library of Cincinnati and Hamilton County Foundation Inc exemplifies a well-managed nonprofit dedicated to serving its community effectively.
This AI summary has been generated from information found on Charity Navigator.
Is The Public Library Of Cincinnati And Hamilton County Foundation Inc legitimate?
The Public Library Of Cincinnati And Hamilton County Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Public Library Of Cincinnati And Hamilton County 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.
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Official website here: www.supportchpl.org
What is the mission statement of The Public Library Of Cincinnati And Hamilton County Foundation Inc?
The Public Library of Cincinnati and Hamilton County Foundation Inc. was established with the mission to bolster the Cincinnati & Hamilton County Public Library by providing private-sector funding. This support aims to enhance library collections, expand program offerings, and improve services. The foundation's activities primarily involve distributing grants to the library to sustain its operations and maintain branch libraries. In essence, its role is to augment the library's resources and capabilities to better serve its community.
Official website here: www.supportchpl.org
What is the revenue of The Public Library Of Cincinnati And Hamilton County Foundation Inc?
The Public Library Of Cincinnati And Hamilton County Foundation Inc's revenue in 2023 was $2,180,910.
Official website here: www.supportchpl.org
Who are the executives of The Public Library Of Cincinnati And Hamilton County Foundation Inc and what are their salaries?
There 35 volunteers at The Public Library Of Cincinnati And Hamilton County Foundation Inc.
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Official website here: www.supportchpl.org
Where can I find the form 990 for The Public Library Of Cincinnati And Hamilton County Foundation Inc?
The Public Library Of Cincinnati And Hamilton County Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.supportchpl.org
Learn more at the official website: www.supportchpl.org
Mission Statement of The Public Library Of Cincinnati And Hamilton County Foundation Inc
The Public Library of Cincinnati and Hamilton County Foundation Inc is established with the mission to provide private sector support for the Cincinnati & Hamilton County Public Library. This mission aims to strengthen the library's collections, expand its programs, and enhance its services. By doing so, the foundation aims to contribute to the library's overall operations and the functioning of its branch libraries. This nonprofit organization's primary goal is to bolster the library's capacity to serve its community effectively, ensuring that it continues to provide essential resources and opportunities for learning and growth.
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Impact
October, 2024
The Public Library of Cincinnati and Hamilton County Foundation Inc significantly enhances the resources and capabilities of the Cincinnati and Hamilton County Public Library. By providing private sector support, the foundation strengthens library collections, expands programming opportunities, and improves services for the community. Through grants and distributions, it bolsters operations and branch libraries, enabling them to better serve residents. This collaboration ensures access to educational materials and resources, fostering a more informed and engaged community. The foundation's efforts contribute to a thriving library system that adapts to the evolving needs of its patrons, ultimately enriching the cultural and educational landscape of the region.
This information is meant to be a general summary of The Public Library Of Cincinnati And Hamilton County 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 2023.
- Investment Income: $188,279
- Gross Receipts: $2,344,067
Assets and Liabilities:
- Total Assets: $9,472,594
- Total Liabilities: $148,822
- Net Assets: $9,323,772
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Organization Details
Founding Year
2003
Principal Officer
Scott Richards
Website
www.supportchpl.orgNTEE Category
Code: B117 - Education
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