Overview
What is Friends Of The Hennepin County Library?
Friends of the Hennepin County Library is a dedicated nonprofit organization, serving as the funding partner for Hennepin County Library. Their primary goal is to foster awareness, appreciation, and support for this world-class library. Through compelling storytelling and substantial resource mobilization, they contribute to strategic library priorities such as workforce development, community outreach, youth development, and maintaining an exceptional collection. Their mission aligns with enhancing opportunities and resources for every individual in Hennepin County to read, graduate, engage, work, and learn, ensuring that library services are accessible to all. With a team of 13 dedicated individuals, they work tirelessly to support and promote the library's initiatives.
Official website here: www.supporthclib.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Star rating)
Friends Of The Hennepin County Library has achieved a perfect score of 100% on Charity Navigator, reflecting its strong commitment to accountability and financial transparency. The organization is notable for its fully independent board, which consists of 11 members, and it has received top marks in various financial metrics, including a program expense ratio of 77.09%. This high level of efficiency indicates that a significant portion of funds is directed towards its core mission rather than administrative costs.
The organization scores equally well in leadership and cultural aspects, demonstrating a robust commitment to developing its leadership team and adapting to changing circumstances. Evidence of investment in leadership development and a proactive adaptability statement suggests that Friends Of The Hennepin County Library is well-prepared for future challenges and opportunities.
Overall, the charity's strengths lie in its financial health, governance, and community engagement, making it a trustworthy choice for potential donors. There are no noted limitations or areas of concern in the available data, reinforcing its standing as a highly rated nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Friends Of The Hennepin County Library legitimate?
Friends Of The Hennepin County Library is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of The Hennepin County Library 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: $178,457
Professional Fundraising Fees: $0
Other Salaries and Wages: $618,449
For more financial information, click here
Official website here: www.supporthclib.org
What is the mission statement of Friends Of The Hennepin County Library?
The mission of Friends of the Hennepin County Library is centered around fostering awareness, appreciation, and support for a world-class library. As the library's nonprofit funding partner, Friends of the Hennepin County Library raises significant financial resources and builds library awareness through compelling storytelling. These resources are utilized for strategic priorities such as workforce development, community outreach, youth development, and maintaining a world-class collection. The ultimate vision is to establish a Hennepin County where library services ensure that every individual has the opportunity and resources for reading, graduating, engaging, working, and learning.
Official website here: www.supporthclib.org
Who is the CEO of Friends Of The Hennepin County Library?
Kristi Pearson is the President of Friends Of The Hennepin County Library. The CEO's salary of Friends Of The Hennepin County Library is $171,104 and their total compensation is $178,457.
Official website here: www.supporthclib.org
What is the revenue of Friends Of The Hennepin County Library?
Friends Of The Hennepin County Library's revenue in 2022 was $4,920,419.
Official website here: www.supporthclib.org
Who are the executives of Friends Of The Hennepin County Library and what are their salaries?
The average compensation at Friends Of The Hennepin County Library during 2022 was $61,300. There are 13 employees and 45 volunteers at Friends Of The Hennepin County Library.
Here are 13 key members and their salaries (Friends Of The Hennepin County Library's CEO's salary is $171,104 and their total compensation is $178,457):
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- Compensation: $171,104
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- Other: $7,353
- Compensation: $104,669
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- Other: $12,441
Official website here: www.supporthclib.org
Where can I find the form 990 for Friends Of The Hennepin County Library?
Friends Of The Hennepin County Library's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.supporthclib.org
Learn more at the official website: www.supporthclib.org
Mission Statement of Friends Of The Hennepin County Library
Friends of the Hennepin County Library serves as the funding partner for Hennepin County Library, striving to increase awareness, appreciation, and support for this world-class library. Their mission is multifaceted, encompassing various strategic priorities such as workforce development, community outreach, youth development, and maintaining a distinguished collection. By employing compelling storytelling and raising substantial financial resources, Friends of the Hennepin County Library plays a crucial role in upholding the library's vision. This vision envisions a Hennepin County where library services ensure that every individual has the opportunity and resources to read, graduate, engage, work, and learn.
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Impact
October, 2024
Friends Of The Hennepin County Library enhances the impact of the library by building awareness and appreciation within the community. Through compelling storytelling, they highlight the library's vital role in supporting education, workforce development, and youth engagement. By raising significant financial resources, they help fund strategic priorities that ensure the library can offer diverse resources and programs to every individual in Hennepin County. Their efforts create an inclusive environment where everyone has the opportunity to read, learn, and thrive, contributing to a vibrant community in Minneapolis and beyond.
This information is meant to be a general summary of Friends Of The Hennepin County Library. 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: $310,664
- Program Service Revenue: $367,194
- Gross Receipts: $5,198,918
Assets and Liabilities:
- Total Assets: $7,411,418
- Total Liabilities: $216,903
- Net Assets: $7,194,515
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM REVENUE
Revenue
$367,194
Organization Details
Founding Year
1986
Phone
(612) 543-8100Principal Officer
Kristi Pearson
Main Address
300 NICOLLET MALL, MINNEAPOLIS, MN, 55401
Website
www.supporthclib.orgNTEE Category
Code: B60 - Education
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