Overview
What is Lincoln Library Foundation?
The Lincoln Library Foundation, established in 1991, is a charitable organization based in Springfield, Illinois. Its primary mission is to raise funds through individual donations, endowments, and bequests to support the local public library, which serves a population of approximately 116,250 people, with over 35,921 being library cardholders. The foundation's role is to purchase books, materials, and supplies for the library, thus enhancing the library's resources and services for the community.
Official website here: www.lincolnlibrary.info
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Star rating.
The Lincoln Library Foundation has achieved a Three-Star rating, indicating a solid performance, particularly in accountability and finance, where it scored 100% in several key areas. The organization boasts an entirely independent board, with six members, and demonstrates a strong commitment to its mission through high program expense ratios of 90.48%. Additionally, there are no issues with material diversion of assets, reflecting sound financial management.
However, the foundation faces some limitations in governance policies, as it lacks essential documents such as a conflict of interest policy, whistleblower policy, and a document retention and destruction policy. These missing elements may raise questions about the organization’s adherence to best practices in nonprofit management. Despite these concerns, the foundation's transparency in board meeting minutes and overall financial health is commendable.
This AI summary has been generated from information found on Charity Navigator.
Is Lincoln Library Foundation legitimate?
Lincoln Library Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lincoln 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.lincolnlibrary.info
What is the mission statement of Lincoln Library Foundation?
The Lincoln Library Foundation, established in 1991, is committed to charitable, literary, and educational purposes. It primarily focuses on highlighting the importance of public library services. The foundation accomplishes this by acquiring resources through individual donations, endowments, and bequests. These acquired materials are then utilized by the public library, serving a population of approximately 114,394 individuals, including 32,199 cardholders. The Lincoln Library Foundation's mission is centered around enhancing the resources and services offered by the public library, thereby promoting literacy and education within the community.
Official website here: www.lincolnlibrary.info
Who is the CEO of Lincoln Library Foundation?
David R Jenkins is the President of Lincoln Library Foundation.
Official website here: www.lincolnlibrary.info
What is the revenue of Lincoln Library Foundation?
Lincoln Library Foundation's revenue in 2022 was $79,318.
Official website here: www.lincolnlibrary.info
Who are the executives of Lincoln Library Foundation and what are their salaries?
Here are 6 key members and their salaries:
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Official website here: www.lincolnlibrary.info
Where can I find the form 990 for Lincoln Library Foundation?
Lincoln Library Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lincolnlibrary.info
Learn more at the official website: www.lincolnlibrary.info
Mission Statement of Lincoln Library Foundation
The Lincoln Library Foundation, established in 1991, is a charitable organization with a mission centered around public library services. With a focus on literacy and education, the Foundation seeks to draw attention to the significance of these services. Utilizing individual contributions, endowments, and bequests, the Foundation invests in purchasing necessary materials for the local public library. This library serves a population of approximately 114,394 individuals, of whom 32,199 are registered cardholders. The Lincoln Library Foundation's mission is to support and enhance the resources available to the community through its contributions, thereby contributing to the overall development and learning of its population.
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Impact
October, 2024
The Lincoln Library Foundation plays a vital role in enhancing public library services in Springfield, IL. Established in 1991, the Foundation focuses on charitable, literary, and educational initiatives that enrich the resources available to the community. By securing individual gifts, endowments, and bequests, the Foundation acquires a diverse array of books, materials, and supplies for the Lincoln Library, which serves a population of approximately 116,250 residents, including over 35,921 active cardholders.
The impact of the Foundation is evident in its commitment to fostering a love for reading and education within the community. Through increased access to quality materials, the Foundation helps bridge knowledge gaps and supports lifelong learning for individuals of all ages. By bolstering the library's resources, the Foundation not only enhances the user experience but also encourages community engagement, making the library a dynamic space for education and enrichment.
This information is meant to be a general summary of Lincoln 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: $67,713
- Gross Receipts: $153,386
Assets and Liabilities:
- Total Assets: $2,121,738
- Total Liabilities: $0
- Net Assets: $2,121,738
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Organization Details
Founding Year
1990
Phone
(217) 753-4900Principal Officer
David R Jenkins
Main Address
326 SOUTH SEVENTH, SPRINGFIELD, IL, 62701
Website
www.lincolnlibrary.infoNTEE Category
Code: B70 - Education
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