Overview
What is Peninsula Library Foundation?
The Peninsula Library Foundation is a nonprofit organization based in Peninsula, Ohio, with a mission to support the Peninsula Library & Historical Society. Operated by a volunteer board of trustees, the foundation manages an endowment fund to achieve its objective. The foundation accepts donations to build its endowment, which directly benefits the library society. As responsible stewards, the board regularly reviews investment performance and meets with advisors. Following a distribution policy, the foundation provides financial assistance to the library society, contributing $178,906 over nine annual disbursements since 2010. This year, the foundation has agreed to support the library's capital improvements project and encourages community members to donate directly for the much-needed library renovation.
Official website here: www.peninsulalibrary.org
Is Peninsula Library Foundation legitimate?
Peninsula Library Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Peninsula 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.peninsulalibrary.org
What is the mission statement of Peninsula Library Foundation?
The Peninsula Library Foundation exists with the primary objective of supporting the Peninsula Library & Historical Society, primarily through a managed endowment fund. Operated by volunteers serving as its board of trustees, the foundation's mission is to contribute financially to the library and historical society. By soliciting and accepting donations, the foundation has built an endowment fund, which it manages responsibly to fulfill its mission. Regularly reviewing investment performance and meeting with investment advisors, the foundation board ensures the optimal use of its resources. Following a distribution policy, the foundation provides financial support to the Peninsula Library & Historical Society, having donated a total of $178,906 since 2010. In 202X, the foundation agreed to support the library's capital improvements project and encouraged community members to contribute directly to this library renovation.
Official website here: www.peninsulalibrary.org
What is the revenue of Peninsula Library Foundation?
Peninsula Library Foundation's revenue in 2023 was $292,387.
Official website here: www.peninsulalibrary.org
Who are the executives of Peninsula Library Foundation and what are their salaries?
There 7 volunteers at Peninsula Library Foundation.
Here are 8 key members and their salaries:
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Official website here: www.peninsulalibrary.org
Where can I find the form 990 for Peninsula Library Foundation?
Peninsula Library Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.peninsulalibrary.org
Learn more at the official website: www.peninsulalibrary.org
Mission Statement of Peninsula Library Foundation
The Peninsula Library Foundation is an independent entity, operated by volunteers serving as its board of trustees. Its primary mission is to support the Peninsula Library & Historical Society (PL&HS) through a managed endowment fund. This organization exists to enhance the resources and capabilities of the library, ensuring its continued growth and success. The Peninsula Library Foundation accomplishes this by soliciting and accepting donations, which are then carefully managed to generate funds for the PL&HS. As responsible stewards of these resources, the foundation's board regularly reviews investment performance and consults with investment advisors. Following a board-approved distribution policy, the foundation provides financial support to the PL&HS, contributing a significant sum of $178,906 over the past decade in nine annual disbursements. This year, the Peninsula Library Foundation has agreed to support the library's capital improvements project, encouraging community members to donate directly to this much-needed library renovation.
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Impact
October, 2024
Peninsula Library Foundation has made a significant impact on the Peninsula Library & Historical Society (PL&HS) by providing crucial financial support through its managed endowment fund. Since 2010, the Foundation has contributed $178,906 in nine annual disbursements, enabling the library to enhance its services and resources for the community.
In addition to ongoing support, the Foundation has recently committed to funding the PL&HS's capital improvements project, which is vital for modernizing the library's facilities. This initiative not only addresses immediate needs but also encourages community involvement by inviting local residents to contribute directly to the library's renovation efforts.
The Foundation's responsible stewardship of its resources, coupled with regular investment reviews, ensures that the support provided is sustainable and impactful. The active involvement of its volunteer board of trustees highlights a community-centric approach that prioritizes the library's role as a valuable resource for education, history, and culture in Peninsula, Ohio.
This information is meant to be a general summary of Peninsula 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: $81,806
- Gross Receipts: $820,479
Assets and Liabilities:
- Total Assets: $1,975,778
- Total Liabilities: $0
- Net Assets: $1,975,778
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Organization Details
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