Overview
What is Rocky River Public Library Foundation Inc?
Rocky River Public Library Foundation Inc is a nonprofit organization dedicated to generating financial support for the Rocky River Public Library. Their primary mission is to provide a sustainable revenue stream for the library, ensuring it can continue to serve the community effectively. Although the provided information is limited, it suggests that the foundation plays a crucial role in maintaining the library's operations and resources.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Star rating)
The Rocky River Public Library Foundation Inc has achieved a solid Three-Star rating from Charity Navigator, reflecting a performance score of 80%. This score is derived entirely from its Accountability & Finance metrics, indicating a strong commitment to financial responsibility and transparency. The Foundation's perfect score in several individual categories, such as having a fully independent board and no material diversion of assets, highlights its robust governance structure.
The organization demonstrates a high program expense ratio of 93.51%, suggesting that a significant portion of its resources is directly allocated to its programs rather than administrative costs. Additionally, the presence of a documented conflict of interest policy and the practice of recording board meeting minutes further enhance its accountability practices.
However, the rating is based solely on the Accountability & Finance beacon, and there are no additional metrics or evaluations from other areas, such as impact or program effectiveness, provided in this summary. While the financial health of the organization appears strong, potential donors might benefit from seeking more comprehensive information regarding the Foundation's operational impact and outcomes.
This AI summary has been generated from information found on Charity Navigator.
Is Rocky River Public Library Foundation Inc legitimate?
Rocky River Public Library Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rocky River Public 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.
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What is the mission statement of Rocky River Public Library Foundation Inc?
The Rocky River Public Library Foundation Inc's mission is centered around providing a revenue stream to support the operations of a public library. This non-profit organization aims to ensure the library has the necessary financial resources to continue its services and programs for the community. By generating funds, the foundation contributes to the library's ability to maintain its collection, offer educational programs, and enhance the overall library experience for its users.
What is the revenue of Rocky River Public Library Foundation Inc?
Rocky River Public Library Foundation Inc's revenue in 2023 was $33,375.
Who are the executives of Rocky River Public Library Foundation Inc and what are their salaries?
Here are 13 key members and their salaries:
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Where can I find the form 990EZ for Rocky River Public Library Foundation Inc?
Rocky River Public Library Foundation Inc's most recent form 990EZ was submitted in 2023 and can be accessed here.
Mission Statement of Rocky River Public Library Foundation Inc
Rocky River Public Library Foundation Inc is an organization dedicated to providing a revenue stream for a public library. Their mission is to support the library in its endeavors, ensuring it has the necessary resources to serve its community effectively. By generating financial support, this foundation plays a crucial role in maintaining and enhancing the library's services and facilities, thereby contributing to the educational, informational, and recreational needs of the local population.
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Impact
October, 2024
Rocky River Public Library Foundation Inc significantly impacts the community by providing essential revenue streams that enhance the services and resources available at the library. By supporting various programs and initiatives, it helps to expand educational opportunities for residents, promoting lifelong learning and literacy. These contributions enable the library to offer a wide range of educational materials and engaging community events, enriching the cultural and intellectual fabric of Rocky River. Through its efforts, the foundation fosters a vibrant and accessible learning environment, making a lasting difference in the lives of individuals and families in the area.
This information is meant to be a general summary of Rocky River Public 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 2023.
- Investment Income: $22,072
- Program Service Revenue: $11,594
- Gross Receipts: $39,366
Assets and Liabilities:
- Total Assets: $421,996
- Total Liabilities: $0
- Net Assets: $421,996
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Organization Details
Founding Year
2005
Principal Officer
Shannon Perkins
NTEE Category
Code: B70 - Education
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