Overview
What is Traverse Des Sioux Library System?
The Traverse Des Sioux Library System is a nonprofit organization situated in Mankato, Minnesota. It serves libraries and branches within a nine-county area in south-central Minnesota. Its primary objective is to strengthen, enhance, and promote collaboration among its member libraries. The system accomplishes this by offering support services and coordinating shared access to resources, programs, and technologies. With a team of nine dedicated individuals, the Traverse Des Sioux Library Cooperative aims to foster a cooperative environment that benefits its member libraries.
Official website here: www.tdslib.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Star rating)
The Traverse Des Sioux Library System has achieved a strong score of 92%, reflecting a Four-Star rating from Charity Navigator. This rating indicates a high level of accountability and financial health, primarily based on its impressive score in the Accountability & Finance category. The organization has demonstrated exemplary transparency and governance practices, with all board members being independent and a robust audit and oversight committee in place.
Strengths highlighted include the lack of material diversion of assets, a strong program expense ratio of 95.03%, and the presence of essential policies such as a whistleblower policy and a document retention policy. These factors contribute to the organization's credibility and effective management of resources, ensuring that the majority of its financial resources are directed towards its programs.
However, there is a noted limitation regarding the absence of a conflict of interest policy, which has been marked down in the evaluation. Despite this shortcoming, the overall financial health and governance structure of the Traverse Des Sioux Library System position it well as a responsible nonprofit organization committed to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Traverse Des Sioux Library System legitimate?
Traverse Des Sioux Library System is a legitimate nonprofit organization registered as a 501(c)(3) entity. Traverse Des Sioux Library System 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: $454,985
For more financial information, click here
Official website here: www.tdslib.org
What is the mission statement of Traverse Des Sioux Library System?
The Traverse Des Sioux Library System's mission is to enhance, improve, and promote collaboration among libraries by providing support services and coordinating shared access to resources, programs, and technologies for its member libraries. This cooperative works towards strengthening its network, aiming to better serve libraries and branches within the nine-county area of south central Minnesota.
Official website here: www.tdslib.org
Who is the CEO of Traverse Des Sioux Library System?
Vance Struehrenberg is the President of Traverse Des Sioux Library System.
Official website here: www.tdslib.org
What is the revenue of Traverse Des Sioux Library System?
Traverse Des Sioux Library System's revenue in 2022 was $1,795,444.
Official website here: www.tdslib.org
Who are the executives of Traverse Des Sioux Library System and what are their salaries?
The average compensation at Traverse Des Sioux Library System during 2022 was $50,554. There are 9 employees at Traverse Des Sioux Library System.
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Official website here: www.tdslib.org
Where can I find the form 990 for Traverse Des Sioux Library System?
Traverse Des Sioux Library System's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.tdslib.org
Learn more at the official website: www.tdslib.org
Mission Statement of Traverse Des Sioux Library System
The Traverse Des Sioux Library System, a cooperative entity, is dedicated to enhancing, improving, and promoting collaboration among libraries in its nine-county region in South Central Minnesota. This is achieved by providing support services and coordinating shared access to resources, programs, and technologies for its member libraries. By doing so, the organization aims to strengthen the library sector and ensure that it serves its community effectively and efficiently. The Traverse Des Sioux Library System's mission is to contribute to the development of a well-informed and educated community by providing libraries and their branches with essential library services.
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Impact
July, 2024
The Traverse Des Sioux Library System, based in Mankato, MN, plays a vital role in enhancing access to library services in the nine-county area of South Central Minnesota. By providing support services and coordinating shared access to resources, programs, and technologies for member libraries, the organization significantly contributes to the improvement and promotion of collaboration within the library community. This impact extends beyond individual libraries, benefiting the educational landscape of the region as a whole.
This information is meant to be a general summary of Traverse Des Sioux Library System. 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: $1,474
- Program Service Revenue: $532,275
- Gross Receipts: $1,795,444
Assets and Liabilities:
- Total Assets: $3,002,508
- Total Liabilities: $1,011,057
- Net Assets: $1,991,451
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBER LIBRARY SERVICES
Revenue
$437,514
SPECIAL PROJECTS
Revenue
$84,265
CONTRACT SERVICES
Revenue
$7,817
OTHER INCOME
Revenue
$2,679
Organization Details
Founding Year
2014
Phone
(507) 625-6169Principal Officer
Vance Struehrenberg
Main Address
1400 MADISON AVE STE 628, MANKATO, MN, 56001
Website
www.tdslib.orgNTEE Category
Code: B70 - Education
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