Overview
What is Friends Of The Inver Glen Library?
Friends of the Inver Glen Library is a nonprofit organization situated in Inver Grove Heights, Minnesota. Their primary mission is rooted in charitable, educational, and scientific pursuits, all with the aim of boosting the Inver Glen Library. They achieve this by generating income through book sales and other means. This nonprofit organization is dedicated to promoting library services and reading in their local community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87% (Three-Star out of Four Star rating)
Friends Of The Inver Glen Library has received a commendable rating of 87% from Charity Navigator, indicating strong performance in accountability and finance. This score reflects a commitment to transparency and effective management, showcasing that the organization meets high standards in financial practices.
The charity benefits from having a fully independent board, with 10 out of 10 members, and no material diversion of assets, which highlights integrity in its governance. Moreover, it maintains excellent scores in its accountability practices, including a well-documented conflict of interest policy and comprehensive record-keeping of board meeting minutes.
One significant strength is the program expense ratio of 92.13%, demonstrating that the majority of its expenditures go directly towards its programs rather than administrative costs. However, while the financial indicators are strong, the data does not provide insights into the charity's broader impact or community engagement initiatives, which could be areas for further transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Friends Of The Inver Glen Library legitimate?
Friends Of The Inver Glen Library is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of The Inver Glen 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.
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What is the mission statement of Friends Of The Inver Glen Library?
The Friends of the Inver Glen Library is organized with a charitable, scientific, or educational purpose, focusing on promoting library services and reading initiatives. Their mission is centered around supporting the Inver Glen Library, located in an unspecified location. They generate income through book sales, contributing to their cause. The organization's activities are aimed at enhancing library services and fostering a love for reading within their community.
Who is the CEO of Friends Of The Inver Glen Library?
Jeanne Zimmmer is the Treasurer of Friends Of The Inver Glen Library.
What is the revenue of Friends Of The Inver Glen Library?
Friends Of The Inver Glen Library's revenue in 2022 was $31,978.
Who are the executives of Friends Of The Inver Glen Library and what are their salaries?
Here are 12 key members and their salaries:
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Where can I find the form 990 for Friends Of The Inver Glen Library?
Friends Of The Inver Glen Library's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Friends Of The Inver Glen Library
Friends of the Inver Glen Library is a nonprofit organization with a mission to advance literacy and library services in a supportive capacity. Their primary objective is to promote the Inver Glen Library in an educational, scientific, or charitable context. To achieve this, they generate income through book sales, contributing to the enhancement and expansion of library resources and services. By supporting the library, Friends of the Inver Glen Library contributes to the community's literacy and knowledge, fostering a love for reading and learning.
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Impact
August, 2024
Friends of the Inver Glen Library has a significant impact on promoting reading and library services in Inver Grove Heights, Minnesota. Through their programs aimed at generating net income from book sales, they provide crucial support to the Inver Glen Library, helping to improve access to educational resources for the community. Their focus on educational purposes directly contributes to enhancing literacy and learning opportunities in the area, making a positive difference in the lives of residents.
This information is meant to be a general summary of Friends Of The Inver Glen 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: $25,915
- Program Service Revenue: $5,420
- Gross Receipts: $31,978
Assets and Liabilities:
- Total Assets: $558,638
- Total Liabilities: -$54,629
- Net Assets: $613,267
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BOOK SALES
Revenue
$5,420
Organization Details
Principal Officer
Jeanne Zimmmer
Main Address
8098 BLAINE AVE, INVER GROVE HEIGHTS, MN, 55076
NTEE Category
Code: B117 - Education
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