Overview
What is Danville Library Foundation?
The Danville Library Foundation is a dedicated nonprofit organization situated in Danville, Illinois, with an address at 319 N Vermilion Street. Its primary mission is to support the Danville Public Library by enhancing its services and collections, and increasing public awareness of its needs and offerings. To achieve this goal, the foundation engages in various activities, such as publishing and distributing approximately 2,800 newsletters quarterly and organizing seminars and dinners to promote planning suggestions. With a small team of one employee, the Danville Library Foundation continues its efforts to contribute positively to the local community.
Official website here: www.danville.lib.il.us/foundation.htm
What are the reviews and ratings of this charity?
Charity Navigator Rating: 56%, One-Star out of Four Stars
The Danville Library Foundation has received a low rating of 56% from Charity Navigator, which translates to a One-Star rating. This score reflects concerns primarily in the area of accountability and finance, where the foundation's performance is notably lacking. While the organization does have a fully independent board and demonstrates no material diversion of assets, it has several missing governance policies that significantly impact its overall score.
Strengths of the foundation include a solid structure in terms of board independence and a favorable liabilities to assets ratio, indicating financial stability. The program expense ratio of 54.13% suggests that just over half of the expenses are directed toward its programs, which is a positive aspect. However, the foundation's failure to implement necessary policies like conflict of interest and whistleblower protections raises concerns about its governance practices.
Limitations are apparent, as the absence of crucial documents like the tax form on its website and key governance policies may hinder transparency and accountability. These deficiencies in policy could potentially affect stakeholder trust and the foundation's ability to attract further support. Overall, while there are certain strengths, the Danville Library Foundation must address its governance shortcomings to improve its standing.
This AI summary has been generated from information found on Charity Navigator.
Is Danville Library Foundation legitimate?
Danville Library Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Danville 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: $65,096
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.danville.lib.il.us/foundation.htm
What is the mission statement of Danville Library Foundation?
The Danville Library Foundation's mission is centered around benefiting the community. They aim to accomplish this by raising, managing, and distributing funds to enhance the services and collections of the local public library. Additionally, the foundation works towards increasing public awareness of the library's needs and services. Their continuous efforts include promoting new library services and providing more benefits to the community. Approximately 2800 newsletters are published and distributed quarterly, and seminars and dinners are held to promote planning suggestions.
Official website here: www.danville.lib.il.us/foundation.htm
Who is the CEO of Danville Library Foundation?
Patrick Goowin is the President of Danville Library Foundation.
Official website here: www.danville.lib.il.us/foundation.htm
What is the revenue of Danville Library Foundation?
Danville Library Foundation's revenue in 2022 was $701,457.
Official website here: www.danville.lib.il.us/foundation.htm
Who are the executives of Danville Library Foundation and what are their salaries?
The average compensation at Danville Library Foundation during 2022 was $65,096. There is 1 employee at Danville Library Foundation.
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Official website here: www.danville.lib.il.us/foundation.htm
Where can I find the form 990 for Danville Library Foundation?
Danville Library Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.danville.lib.il.us/foundation.htm
Learn more at the official website: www.danville.lib.il.us/foundation.htm
Mission Statement of Danville Library Foundation
The Danville Library Foundation, a nonprofit organization, is dedicated to enriching the community by raising, managing, and distributing funds to enhance the services and collections of the Danville Public Library. Their mission is twofold: firstly, to improve the library's offerings and secondly, to raise public awareness about the library's needs and services. The foundation undertakes various activities to achieve these goals, including publishing and distributing newsletters four times a year to keep the community informed. Furthermore, the organization hosts seminars and dinners to gather planning suggestions, contributing to the library's continuous growth and the betterment of the Danville community.
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Impact
July, 2024
Danville Library Foundation plays a key role in enhancing the services and collections of the Danville Public Library, ultimately benefiting the Danville community. Through its efforts to raise, manage, and distribute funds, the foundation ensures that the library can offer a wider range of resources and services to the public. By increasing public awareness of the library's needs and services, the foundation actively engages the community in supporting this valuable resource. Additionally, the foundation publishes and distributes approximately 2800 newsletters each quarter, organizes seminars, and holds dinners to promote planning suggestions, further enriching the library experience for the residents of Danville, IL.
This information is meant to be a general summary of Danville 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: $249,526
- Gross Receipts: $1,727,086
Assets and Liabilities:
- Total Assets: $5,793,349
- Total Liabilities: $8,709
- Net Assets: $5,784,640
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Organization Details
Founding Year
1990
Phone
(217) 477-5220Principal Officer
Patrick Goowin
Main Address
319 N VERMILION STREET, DANVILLE, IL, 61832
NTEE Category
Code: B70 - Education
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