Overview
What is Carmel Clay Public Library Foundation?
The Carmel Clay Public Library Foundation is a nonprofit organization dedicated to enhancing the quality of programs and services at the Carmel Clay Public Library. While tax dollars cover essential expenses like staff salaries and building maintenance, the foundation's role is to raise funds to supplement these services. By doing so, they ensure that residents of Carmel Clay can enjoy a variety of programs, free of charge, that have been appreciated through the generations. The foundation's support is instrumental in delivering these activities, thereby contributing to the library's overall excellence.
Official website here: www.carmel.lib.in.us/foundation/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 0 Stars (29%)
The Carmel Clay Public Library Foundation has received a low rating of 29%, categorized as a Zero-Star out of Four Stars charity, indicating significant concerns regarding its accountability and financial practices. The rating is derived entirely from its Accountability & Finance score, which highlights critical weaknesses in its financial oversight and governance.
One strength noted in the evaluation is the foundation's composition of its board, which consists of 100% independent members, demonstrating a commitment to governance. However, the organization falls short in several key areas, such as the absence of essential policies, including those related to conflicts of interest and whistleblower protections. Additionally, it received zero points for its financial statements, indicating a lack of transparency in financial reporting.
Moreover, the foundation's liabilities to assets ratio is extremely low at 0.04%, and it has a program expense ratio of only 33.33%, suggesting that a significant portion of its resources may not be directed toward its mission. Overall, these issues reflect a need for improved financial transparency and management practices to enhance credibility and trust among its stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Carmel Clay Public Library Foundation legitimate?
Carmel Clay Public Library Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Carmel Clay 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: $92,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $33,508
For more financial information, click here
Official website here: www.carmel.lib.in.us/foundation/
What is the mission statement of Carmel Clay Public Library Foundation?
The Carmel Clay Public Library Foundation's mission is to raise funds to ensure the long-term excellence of a public library. While tax dollars cover essential library expenses such as staff salaries and building maintenance, the foundation recognizes the need to develop and maintain high-quality programs and services for the community. Through the support of generous donors, the library foundation plays a crucial role in making these activities, which include various popular programs, accessible for free to residents. The foundation's primary goal is to sustain the library's quality offerings and ensure that they continue to benefit the community over time.
Official website here: www.carmel.lib.in.us/foundation/
Who is the CEO of Carmel Clay Public Library Foundation?
Elizabeth Hamilton is the Director of Carmel Clay Public Library Foundation.
Official website here: www.carmel.lib.in.us/foundation/
What is the revenue of Carmel Clay Public Library Foundation?
Carmel Clay Public Library Foundation's revenue in 2022 was $1,052,776.
Official website here: www.carmel.lib.in.us/foundation/
Who are the executives of Carmel Clay Public Library Foundation and what are their salaries?
The average compensation at Carmel Clay Public Library Foundation during 2022 was $62,754. There are 2 employees at Carmel Clay Public Library Foundation.
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Official website here: www.carmel.lib.in.us/foundation/
Where can I find the form 990 for Carmel Clay Public Library Foundation?
Carmel Clay Public Library Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.carmel.lib.in.us/foundation/
Learn more at the official website: www.carmel.lib.in.us/foundation/
Mission Statement of Carmel Clay Public Library Foundation
Carmel Clay Public Library Foundation's mission is centered around raising funds to ensure the long-term excellence of the Carmel Clay Public Library. Tax dollars primarily cover basic expenses like staff salaries and building maintenance, leaving a gap for the development and upkeep of high-quality programs and services for the community. The foundation's support plays a crucial role in providing, either partially or entirely, these essential activities that library patrons have come to appreciate and value over generations. Thanks to the generosity of the foundation's donors, these activities remain freely accessible to residents of Carmel Clay. In essence, the Carmel Clay Public Library Foundation is committed to enhancing the library's offerings beyond basic services, thereby enriching the community's cultural and educational experiences.
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Impact
October, 2024
The Carmel Clay Public Library Foundation significantly enhances the cultural and educational landscape of the Carmel Clay community by providing essential funding that supports a variety of programs and services. While tax revenues cover basic operational costs, such as staff salaries and building maintenance, there remains a critical need for ongoing development of quality offerings that enrich the library experience.
This foundation steps in to fill that gap, ensuring that the library can continue to deliver innovative programs and events that have become integral parts of the community. These initiatives are designed to engage patrons of all ages, promoting lifelong learning and community connection. Thanks to the generous contributions from donors, many of these enriching activities are made available free of charge, allowing residents of Carmel Clay to benefit from the library's wealth of resources and cultural programming. The impact of this foundation is reflected not only in the diverse offerings available but also in the lasting appreciation of the library as a central hub for education and community engagement.
This information is meant to be a general summary of Carmel Clay 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: $3,936
- Gross Receipts: $1,124,253
Assets and Liabilities:
- Total Assets: $2,300,335
- Total Liabilities: $1,017
- Net Assets: $2,299,318
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Organization Details
Founding Year
2002
Phone
(317) 814-3905Principal Officer
Elizabeth Hamilton
Main Address
425 E MAIN STREET, CARMEL, IN, 46032
NTEE Category
Code: B70 - Education
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