Overview
What is Missoula Public Library Foundation?
The Missoula Public Library Foundation is a dedicated nonprofit organization based in Missoula, Montana. Its primary purpose is to support the Missoula Public Library, providing resources and funding in various areas such as professional development, children's literacy materials, technology needs, and furniture and fixtures. The foundation also promotes the library and its services through various programs like The Big Read, Festival of the Book, Summer Learning Program, and annual foundation events. Furthermore, it manages the Lorraine Jay Permanent Endowment Fund, which provides library services and resources for children and youth. In addition, the foundation advocates for the library and raises funds for initiatives that enhance their community's well-being, preserving the library's downtown flagship's architectural integrity and its role as a regional destination and leader in innovation.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (Needs Improvement)
The Missoula Public Library Foundation received a two-star rating from Charity Navigator, indicating that it needs improvement despite achieving a score of 71%. The organization demonstrates a strong commitment to accountability and finance, with a perfect score on its conflict of interest policy and material diversion of assets, as well as a robust program expense ratio of 98.85%. These metrics suggest the foundation effectively allocates its resources toward its mission.
Additionally, the foundation's board is fully composed of independent members, which enhances its governance and decision-making processes. The organization also maintains transparency by documenting board meeting minutes, a practice that supports stakeholder confidence. These strengths reflect a solid foundation for operational integrity and community trust.
However, the overall "needs improvement" rating suggests that there may be areas where the organization can enhance its effectiveness or impact. While the foundation excels in financial responsibilities, there could be other operational aspects or programmatic outcomes that need attention to elevate its overall standing within the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Missoula Public Library Foundation legitimate?
Missoula Public Library Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Missoula 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.
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What is the mission statement of Missoula Public Library Foundation?
The Missoula Public Library Foundation's mission is centered around advocating for the local public library and raising funds for various initiatives aimed at enhancing the community. Their primary goal is to provide support in areas such as professional development, children's literacy materials, technology needs, and library furnishings and fixtures. They also promote the library and its services through various programs and events, including The Big Read Program, Festival of the Book, and Summer Learning Program. Additionally, they offer library services and resources for children and youth through the Lorraine Jay Permanent Endowment Fund. The foundation also preserves and promotes the library's architectural integrity, its role as a regional destination, and its leadership in innovation.
Who is the CEO of Missoula Public Library Foundation?
Lauren Woods is the Board Member of Missoula Public Library Foundation.
What is the revenue of Missoula Public Library Foundation?
Missoula Public Library Foundation's revenue in 2022 was $892,619.
Who are the executives of Missoula Public Library Foundation and what are their salaries?
Here are 11 key members and their salaries:
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Where can I find the form 990 for Missoula Public Library Foundation?
Missoula Public Library Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Missoula Public Library Foundation
The Missoula Public Library Foundation is an organization dedicated to advocating for the Missoula Public Library and raising funds for initiatives that enhance the community. Its mission is multifaceted, encompassing various aspects of library support. The foundation provides resources and funding for professional development, children's literacy materials, technology needs, and furniture and fixtures for the library. In addition to financial support, the Missoula Public Library Foundation promotes the library and its services through various programs and events, such as the Big Read Program, Festival of the Book, Summer Learning Program, and annual foundation events.
Furthermore, the Missoula Public Library Foundation manages the Lorraine Jay Permanent Endowment Fund, which provides library services and resources for children and youth. Beyond financial and promotional support, the foundation also plays a role in preserving and promoting the Missoula Public Library's downtown flagship's architectural integrity, its role as a regional destination, and its leadership in innovation. The Missoula Public Library Foundation is an active and essential partner in ensuring that the Missoula Public Library continues to serve its community effectively and efficiently.
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Impact
October, 2024
The Missoula Public Library Foundation plays a vital role in enhancing the resources and programs offered by the Missoula Public Library. By advocating for the library and securing funding, the organization supports crucial areas such as professional development for staff, the acquisition of children's literacy materials, and the upgrading of technology and furnishings.
Through initiatives like The Big Read program, the Festival of the Book, and the Summer Learning Program, the Foundation promotes library services, fostering community engagement and a love for reading. Their commitment to the Lorraine Jay Permanent Endowment Fund ensures that children and youth have access to valuable library services and resources.
Furthermore, the Foundation is dedicated to preserving the architectural integrity of the downtown library while also positioning it as a regional destination and a leader in innovation. Their efforts not only enrich the library’s offerings but also strengthen the community’s access to education and knowledge.
This information is meant to be a general summary of Missoula 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: $20,461
- Gross Receipts: $1,176,058
Assets and Liabilities:
- Total Assets: $1,051,668
- Total Liabilities: $161,144
- Net Assets: $890,524
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Organization Details
Founding Year
1990
Phone
(406) 721-2665Principal Officer
Lauren Woods
Main Address
455 E MAIN ST, MISSOULA, MT, 59802
NTEE Category
Code: B70Z - Education
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