Overview
What is Lexington Public Library Foundation?
The Lexington Public Library Foundation is a nonprofit organization situated in Lexington, Kentucky, specifically at 140 EAST MAIN STREET. Its primary objective is to offer financial support for various projects deemed appropriate, as well as assisting the Library's Board of Trustees and Advisory Board in enhancing the Library's value within the community. The foundation's mission is to enrich the Lexington Public Library by fostering advocacy, forming strategic partnerships, and securing private funding. The organization seeks to connect people, inspire ideas, and transform lives in Fayette County through its efforts.
Official website here: www.lexpublib.org/foundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Stars)
The Lexington Public Library Foundation has earned a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. With a score of 92% in this category, the foundation demonstrates excellent governance, with an entirely independent board and no material diversions of assets. The organization excels in its financial management, maintaining a high program expense ratio of 95.30% and a very low liabilities to assets ratio of 0.01%, indicating a solid financial foundation.
In the Culture & Community category, the foundation received a score of 90%. It showcases a robust approach to constituent feedback, achieving full marks in feedback collection and usage. This indicates that the organization actively engages with its community and utilizes their input to enhance its services and programs.
However, there are some areas for improvement. Notably, the foundation lacks formal whistleblower and document retention policies, which received low scores. Addressing these gaps could further strengthen its governance and transparency practices. Overall, the Lexington Public Library Foundation is well-regarded for its financial health and commitment to community engagement.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Lexington Public Library Foundation?
94% of 58 reviewers on Facebook recommend the Lexington Public Library Foundation. Here is a summary of their reviews:
Many individuals highlighted the exceptional support provided by the staff, emphasizing their friendliness and willingness to assist, even for those who are not local. Reviewers appreciated the ease of communication and the valuable information they received, which often exceeded their expectations.
Overall, it’s clear that the Lexington Public Library Foundation is successfully meeting the needs of its users, demonstrating a strong commitment to community service and support.
This AI summary has been generated from reviews found on Facebook.
Is Lexington Public Library Foundation legitimate?
Lexington Public Library Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lexington Public 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:
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For more financial information, click here
Official website here: www.lexpublib.org/foundation
What is the mission statement of Lexington Public Library Foundation?
The Lexington Public Library Foundation, established with the aim of enhancing the services provided by the Lexington Public Library, carries out its mission through advocacy, strategic partnerships, and private funding. Its primary objective is to provide financial support for various appropriate projects, contributing to the library's overall value within the community. The foundation assists the library's board of trustees and advisory board in this endeavor, aiming to connect people, inspire ideas, and transform lives in a broader context.
Official website here: www.lexpublib.org/foundation
Who is the CEO of Lexington Public Library Foundation?
Heather Dieffenbach is the Board Member of Lexington Public Library Foundation.
Official website here: www.lexpublib.org/foundation
What is the revenue of Lexington Public Library Foundation?
Lexington Public Library Foundation's revenue in 2022 was $528,744.
Official website here: www.lexpublib.org/foundation
Who are the executives of Lexington Public Library Foundation and what are their salaries?
There 19 volunteers at Lexington Public Library Foundation.
Here are 19 key members and their salaries:
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- Related: $126,652
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- Related: $96,216
- Other: $33,346
Official website here: www.lexpublib.org/foundation
Where can I find the form 990 for Lexington Public Library Foundation?
Lexington Public Library Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lexpublib.org/foundation
Learn more at the official website: www.lexpublib.org/foundation
Mission Statement of Lexington Public Library Foundation
The Lexington Public Library Foundation, established with the objective of enhancing the services provided by the Lexington Public Library, carries out its mission through advocacy, strategic partnerships, and private funding. This nonprofit organization seeks to provide financial support for various projects deemed appropriate, contributing to the library's overall value within the community. By doing so, the Lexington Public Library Foundation aims to connect people, inspire ideas, and transform lives, aligning with the Library's primary mission. The Foundation assists the Library's Board of Trustees and its advisory board in their efforts to make the library a more integral and beneficial part of the community.
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Impact
July, 2024
The Lexington Public Library Foundation enhances the library services of the Lexington Public Library by providing financial support for specific projects, advocating for the library, forming strategic partnerships, and securing private funding. Through these efforts, the Foundation helps to connect people, inspire ideas, and transform lives in Fayette County, Kentucky. The Foundation's impact can be seen in the improved resources, programs, and services that benefit the entire community and contribute to the educational development of individuals.
This information is meant to be a general summary of Lexington Public 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: $27,540
- Gross Receipts: $593,162
Assets and Liabilities:
- Total Assets: $1,016,079
- Total Liabilities: $664
- Net Assets: $1,015,415
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Organization Details
Founding Year
1997
Phone
(859) 231-5557Principal Officer
Heather Dieffenbach
Main Address
140 EAST MAIN STREET, LEXINGTON, KY, 40507
Website
www.lexpublib.org/foundationNTEE Category
Code: B71I - Education
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