Overview
What is Friends Of Buckham Memorial Library Inc?
Friends of Buckham Memorial Library Inc is a nonprofit organization that devotes its resources to bolstering the Buckham Memorial Library Program in Faribault, Minnesota. Their initiatives extend beyond simple financial support, including the implementation of a summer reading program for children to foster reading skills and offer incentives. Additionally, they contribute in various other ways to aid and enhance the library's operations. This dedicated organization plays a vital role in promoting literacy and educational opportunities within the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 73%)
Friends Of Buckham Memorial Library Inc has received a "Needs Improvement" rating from Charity Navigator, indicating that while the organization demonstrates strong accountability and finance practices, there are several areas that need attention. The nonprofit boasts a perfect score for accountability, highlighting a fully independent board and no material diversion of assets, which are significant strengths.
However, the organization has several missing governance policies, including a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy, all of which negatively impact its overall rating. Additionally, the absence of a website link on its tax form and the failure to post required documents on its website raise concerns about transparency and accessibility.
Despite these limitations, the Friends Of Buckham Memorial Library Inc has a commendable program expense ratio of 79.16%, indicating that a substantial portion of its resources is directed toward its programs. The organization has potential for growth, but improvement in governance practices and transparency is essential to enhance its ratings and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Friends Of Buckham Memorial Library Inc legitimate?
Friends Of Buckham Memorial Library Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of Buckham Memorial Library Inc 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:
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What is the mission statement of Friends Of Buckham Memorial Library Inc?
The mission of Friends Of Buckham Memorial Library Inc is centered around supporting the programs at the Buckham Memorial Library. They accomplish this through various initiatives, such as organizing a summer reading program for children to foster reading skills and offer incentives. Furthermore, they provide additional aid to the library in various ways.
Who is the CEO of Friends Of Buckham Memorial Library Inc?
Mark Zeller is the Board of Friends Of Buckham Memorial Library Inc.
What is the revenue of Friends Of Buckham Memorial Library Inc?
Friends Of Buckham Memorial Library Inc's revenue in 2022 was $39,673.
Who are the executives of Friends Of Buckham Memorial Library Inc and what are their salaries?
There 10 volunteers at Friends Of Buckham Memorial Library Inc.
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Where can I find the form 990 for Friends Of Buckham Memorial Library Inc?
Friends Of Buckham Memorial Library Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Friends Of Buckham Memorial Library Inc
Friends of Buckham Memorial Library Inc plays a crucial role in supporting the Buckham Memorial Library Program. Their mission is to enhance this library program through various initiatives. One of their significant contributions is the summer reading program for children, designed to foster reading skills and provide incentives. This program encourages young minds to embrace the joy of reading, fostering a lifelong love for literature. Beyond the summer reading program, Friends of Buckham Memorial Library Inc also offers other forms of support to the library, ensuring that it continues to serve the community effectively. By doing so, they contribute to the overall development and success of the library program, enriching the educational and recreational experiences of the individuals it serves.
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Impact
October, 2024
Friends Of Buckham Memorial Library Inc significantly enhances the educational landscape of Faribault, MN, by actively supporting the Buckham Memorial Library Program. Their initiatives include a summer reading program designed to encourage children's reading skills and provide incentives for participation. This program not only fosters a love for reading among young learners but also ensures that they continue to develop critical literacy skills during the summer months when academic engagement typically wanes.
Additionally, Friends Of Buckham Memorial Library plays a vital role in offering various forms of support to the library, amplifying its capacity to serve the community. Through these efforts, they contribute to a vibrant learning environment that benefits individuals of all ages, reinforcing the library's mission as a cornerstone of education and lifelong learning in Faribault.
This information is meant to be a general summary of Friends Of Buckham Memorial Library Inc. 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: $36,034
- Gross Receipts: $39,673
Assets and Liabilities:
- Total Assets: $928,619
- Total Liabilities: $0
- Net Assets: $928,619
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Organization Details
Principal Officer
Mark Zeller
Main Address
11 DIVISION ST E, FARIBAULT, MN, 55021
NTEE Category
Code: B70 - Education
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