Overview
What is Smith Library?
Smith Library, located in Lexington, Illinois, serves as a vital community resource. Its main objective is to offer a wide range of resources and services in various formats to cater to the educational, informational, and personal development needs of individuals and groups. This encompasses both serious learning pursuits and leisure activities. The library's mission is to foster an environment that encourages growth and enjoyment, ensuring that its offerings meet the diverse demands of the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 54%, One-Star out of Four Stars
Smith Library has received a rating of 54%, which translates to a One-Star rating, indicating significant concerns regarding its financial health and program efficiency. The overall score reflects strong performance in governance and accountability metrics, particularly with a fully independent board and no material diversion of assets. However, the low percentage of program expenses relative to total expenses raises questions about the organization’s effectiveness in utilizing funds for its intended mission.
The library boasts a fully independent board with 100% independent members, which is a strong point in terms of governance. Additionally, it has robust policies in place, including conflict of interest, whistleblower, and document retention policies. These factors contribute positively to the organization’s accountability and transparency metrics.
Despite these strengths, the financial metrics are concerning. A program expense ratio of only 37.89% suggests that a majority of funds may not be directed towards programs, which could hinder the library's mission effectiveness. Furthermore, a liabilities to assets ratio of 0.00% might indicate a lack of financial activity or an inability to reinvest in programs. Overall, while the governance structure is commendable, the financial sustainability and program delivery aspects require significant improvement.
This AI summary has been generated from information found on Charity Navigator.
Is Smith Library legitimate?
Smith Library is a legitimate nonprofit organization registered as a 501(c)(3) entity. Smith 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Smith Library?
The Smith Library's mission is centered around providing a range of resources and services, available in various media formats. This is done with the objective of catering to the educational, informational, and personal development needs of individuals and groups. This includes leisure and recreational activities as well. The library serves as a hub for fulfilling these requirements, thereby promoting learning, knowledge acquisition, and personal growth.
Who is the CEO of Smith Library?
Josh Hardt is the President of Smith Library.
What is the revenue of Smith Library?
Smith Library's revenue in 2022 was $97,458.
Who are the executives of Smith Library and what are their salaries?
Here are 5 key members and their salaries:
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- Other: $0
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Where can I find the form 990 for Smith Library?
Smith Library's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Smith Library
The Smith Library, as a public institution, is committed to serving individuals and groups by offering a wide array of resources and services through various media. Its primary objective is to cater to the requirements of education, information, and personal development, extending beyond just academic pursuits to include recreation and leisure activities. The library's mission is to act as a facilitator, providing the tools necessary for individuals to grow, learn, and engage in activities for pleasure.
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Impact
October, 2024
Smith Library significantly enhances the community by providing a vital hub for education, information, and personal development. Its diverse array of resources and services caters to individuals and groups alike, ensuring that everyone has access to the tools they need for learning and growth. By offering materials in various media, the library fosters a love for reading and exploration, while also meeting the recreational and leisure needs of its patrons.
Located in Lexington, IL, Smith Library plays an essential role in promoting literacy and lifelong learning. The library's commitment to supporting educational initiatives empowers community members of all ages to pursue their interests, enhance their skills, and engage with the world around them. Through programs and services that inspire curiosity and creativity, Smith Library leaves a lasting impact on the lives of those it serves, ultimately strengthening the fabric of the community.
This information is meant to be a general summary of Smith 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: $113
- Gross Receipts: $97,458
Assets and Liabilities:
- Total Assets: $600,252
- Total Liabilities: $0
- Net Assets: $600,252
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Organization Details
Founding Year
1912
Principal Officer
Josh Hardt
Main Address
208 SOUTH CEDAR, Lexington, IL, 61753
NTEE Category
Code: B70 - Education
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