Overview
What is Hedberg Public Library Foundation?
The Hedberg Public Library Foundation, established in Janesville, Wisconsin, serves as a vital bridge between the community and the city's Hedberg Public Library. Its primary role is to draw public attention to the library's services and facilitate contributions. This includes accepting books, desirable collections, endowments, and bequests, all aimed at enriching the library's resources. The organization's mission is to support the library in any way possible, ensuring a wide array of materials and services are available to the local community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 53% (One-Star out of Four Stars)
The Hedberg Public Library Foundation has received a low rating of 53%, which reflects significant weaknesses in its accountability and financial practices. The organization has no independent board members, which raises concerns about governance and oversight. Additionally, several key policies, including conflict of interest, whistleblower, and document retention policies, are missing, indicating potential areas for improvement in transparency and ethical management.
Despite these shortcomings, the foundation demonstrates a strong commitment to its mission, as evidenced by a high program expense ratio of 91.56%. This suggests that the majority of its funds are directed towards its programs rather than administrative costs. However, the lack of essential documentation and policies can hinder trust and confidence among supporters and stakeholders.
Overall, while the Hedberg Public Library Foundation is effectively utilizing its funds for programmatic purposes, serious governance deficiencies and missing accountability measures need to be addressed to enhance its operational integrity and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Hedberg Public Library Foundation legitimate?
Hedberg Public Library Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hedberg 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 Hedberg Public Library Foundation?
The Hedberg Public Library Foundation's mission is centered around raising awareness for library services and serving as a channel for the donation of books, valuable collections, endowments, and bequests. Its primary objective is to support Janesville's Hedberg Public Library in enhancing its resources and offerings. The foundation aims to act as a bridge, facilitating the acquisition of additional books and collections that can contribute to the library's growth and better serve its community.
Who is the CEO of Hedberg Public Library Foundation?
Burdette Richter is the President of Hedberg Public Library Foundation.
What is the revenue of Hedberg Public Library Foundation?
Hedberg Public Library Foundation's revenue in 2022 was $109,470.
Who are the executives of Hedberg Public Library Foundation and what are their salaries?
Here are 10 key members and their salaries:
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Where can I find the form 990 for Hedberg Public Library Foundation?
Hedberg Public Library Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Hedberg Public Library Foundation
The Hedberg Public Library Foundation serves a vital role in drawing public attention to the importance of library services. Acting as a facilitator, the organization provides a platform for the contribution of valuable books, collections, endowments, and bequests to Janesville's Hedberg Public Library. This mission empowers the library to expand and enhance its offerings, ultimately benefiting the community by broadening their access to knowledge and resources.
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Impact
October, 2024
The Hedberg Public Library Foundation plays a crucial role in enhancing the library services available to the Janesville community. By focusing public attention on the importance of library resources, it fosters a culture of reading and learning. The foundation facilitates the donation of books and collections, ensuring that the library remains well-stocked and relevant to community needs.
Through its efforts, the foundation generates valuable contributions including endowments and bequests, supporting the sustainability and growth of the Hedberg Public Library. This enriches the educational resources available to residents, promoting literacy, lifelong learning, and cultural engagement within Janesville. Ultimately, the foundation's impact is seen in the vibrant community it helps to cultivate, where access to diverse reading materials and educational opportunities flourishes.
This information is meant to be a general summary of Hedberg 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: $31,755
- Gross Receipts: $109,470
Assets and Liabilities:
- Total Assets: $1,202,132
- Total Liabilities: $0
- Net Assets: $1,202,132
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Organization Details
Founding Year
1980
Phone
(608) 758-6600Principal Officer
Burdette Richter
Main Address
316 S MAIN STREET, JANESVILLE, WI, 53545
NTEE Category
Code: B71I - Education
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