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Providence Public Library Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 342052912 ✦ Providence, RI ✦ Designated as a 501(c)(3)

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Overview

What is Providence Public Library Foundation?

The Providence Public Library Foundation is a nonprofit organization situated in Providence, Rhode Island, specifically at 150 Empire Street. Its primary role is to manage the investments of the library's endowment and provide financial support to the Providence Public Library. This support is instrumental in furthering the library's objectives and priorities. The foundation's mission is to ensure the continued excellence of library services within the Providence Public Library community by offering private funding to enhance programs and services. This commitment to the library allows for the betterment and growth of educational and informational resources for the community.


Official website here: www.provlib.org

Is Providence Public Library Foundation legitimate?

Providence Public Library Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Providence 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:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.provlib.org

What is the mission statement of Providence Public Library Foundation?

The Providence Public Library Foundation's mission is centered around nurturing and supporting the goals and priorities of the Providence Public Library community. Their primary objective is to ensure continued excellence in library services by providing private funding to enhance programs and services. The foundation plays a crucial role in managing the investments of the endowment and providing financial support to further enhance the library's offerings. In essence, their mission is to contribute to the betterment of the library and the community it serves through financial support and investment management.


Official website here: www.provlib.org

Who is the CEO of Providence Public Library Foundation?

Aaron Peterman is the Chair of Providence Public Library Foundation.


Official website here: www.provlib.org

What is the revenue of Providence Public Library Foundation?

Providence Public Library Foundation's revenue in 2022 was $3,076,683.


Official website here: www.provlib.org

Who are the executives of Providence Public Library Foundation and what are their salaries?


Here are 7 key members and their salaries:


Elizabeth Debs (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Micah E Salkind (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert K Taylor (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christopher Stevens (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Juan Wilson (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Hillias J Martin Jr (Library Director)
  • Compensation: $0
  • Related: $135,898
  • Other: $16,312
Aaron Peterman (Chief Operating Officer)
  • Compensation: $0
  • Related: $104,457
  • Other: $2,229


Official website here: www.provlib.org

Where can I find the form 990 for Providence Public Library Foundation?

Providence Public Library Foundation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.provlib.org

Learn more at the official website: www.provlib.org

Mission Statement of Providence Public Library Foundation

The Providence Public Library Foundation, a dedicated nonprofit organization, is committed to nurturing and supporting the goals and priorities of the Providence Public Library community. Its mission is centered around ensuring continued excellence in library services by providing private funding to enhance programs and services. This private funding serves to bolster various initiatives, ultimately aiming to elevate the quality of library offerings for the community at large. The foundation manages the investments of the endowment, thereby providing essential financial support to the Providence Public Library.

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Impact




October, 2024

The Providence Public Library Foundation significantly enhances the library's capacity to serve the community by providing crucial financial support and managing investments in its endowment. Its mission centers on ensuring continued excellence in library services, which directly benefits the Providence Public Library community. By nurturing and supporting the library's goals and priorities, the foundation helps to enrich programs and services, fostering educational opportunities and resources that empower residents and strengthen the community. The foundation’s impact is evident in the expanded access to diverse learning experiences and the promotion of lifelong learning for all individuals in Providence.




This information is meant to be a general summary of Providence 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.

Revenue
$3,076,683 (2022)
Expenses
$2,726,618 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $3,076,683
  • Gross Receipts: $7,194,103

Assets and Liabilities:

  • Total Assets: $32,290,022
  • Total Liabilities: $405,107
  • Net Assets: $31,884,915

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Organization Details

Founding Year

2005

Principal Officer

Aaron Peterman

Main Address

150 EMPIRE STREET, PROVIDENCE, RI, 02903

NTEE Category

Code: B117 - Education

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