Overview
What is Maplewood Memorial Library Foundation Inc?
Maplewood Memorial Library Foundation Inc is a charitable organization situated in Maplewood, New Jersey, specifically at 51 Baker Street. Their primary objective is to support and raise funds for the Maplewood Memorial Library, with a secondary mission to promote literacy and provide library services to the public. One of their significant initiatives includes funding digital archiving, enabling citizens to access documents online for research or personal use. The foundation plays a vital role in enhancing the library's resources and services, thereby fostering literacy and knowledge within the community.
Official website here: www.maplewoodmemoriallibraryfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75% (Three-Star out of Four Star Rating)
The Maplewood Memorial Library Foundation Inc has received a Three-Star rating from Charity Navigator, indicating a score of 75%. This rating reflects the organization’s strong commitment to accountability and finance, primarily driven by an independent board and responsible financial practices. Notably, the foundation has a 100% independent board of 10 members and has shown no material diversion of assets.
While the organization showcases strengths in various aspects of accountability, such as having its website listed on the tax form and a conflict of interest policy in place, there are notable limitations. The foundation lacks a whistleblower policy and a document retention and destruction policy, which resulted in a zero score for those categories. Furthermore, while the program expense ratio stands at a solid 60.96%, there is room for improvement in financial transparency and operational policies.
Overall, the Maplewood Memorial Library Foundation Inc demonstrates commendable governance and financial health, but addressing the gaps in its operational policies could enhance its rating further and strengthen donor confidence.
This AI summary has been generated from information found on Charity Navigator.
Is Maplewood Memorial Library Foundation Inc legitimate?
Maplewood Memorial Library Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Maplewood Memorial Library Foundation 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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For more financial information, click here
Official website here: www.maplewoodmemoriallibraryfoundation.org
What is the mission statement of Maplewood Memorial Library Foundation Inc?
The Maplewood Memorial Library Foundation's mission is primarily twofold. Firstly, it aims to offer support and raise funds for the Maplewood Memorial Library. Secondly, it is dedicated to promoting literacy and providing library services to the public. In practice, this means the foundation provides financial backing for digital archiving at the library, enabling citizens to access documents online for research or personal use.
Official website here: www.maplewoodmemoriallibraryfoundation.org
Who is the CEO of Maplewood Memorial Library Foundation Inc?
Benjamin Cohen is the President of Maplewood Memorial Library Foundation Inc.
Official website here: www.maplewoodmemoriallibraryfoundation.org
What is the revenue of Maplewood Memorial Library Foundation Inc?
Maplewood Memorial Library Foundation Inc's revenue in 2022 was $187,107.
Official website here: www.maplewoodmemoriallibraryfoundation.org
Who are the executives of Maplewood Memorial Library Foundation Inc and what are their salaries?
Here are 9 key members and their salaries:
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Official website here: www.maplewoodmemoriallibraryfoundation.org
Where can I find the form 990 for Maplewood Memorial Library Foundation Inc?
Maplewood Memorial Library Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.maplewoodmemoriallibraryfoundation.org
Learn more at the official website: www.maplewoodmemoriallibraryfoundation.org
Mission Statement of Maplewood Memorial Library Foundation Inc
The Maplewood Memorial Library Foundation is a dedicated organization with a twofold mission. Its primary objective is to provide financial support and fundraising efforts for the Maplewood Memorial Library. Beyond this, the foundation is committed to promoting literacy and offering library services to the public. To achieve this, it also invests in digital archiving for the library, enabling citizens to access documents online for research or personal information purposes. By doing so, the Maplewood Memorial Library Foundation contributes significantly to the advancement of knowledge and literacy within its community.
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Impact
October, 2024
The Maplewood Memorial Library Foundation Inc plays a vital role in enhancing community access to knowledge and information. It supports and raises funds for the Maplewood Memorial Library, ensuring that essential resources are available to the public. By funding digital archiving initiatives, the foundation enables citizens to access a wealth of documents online, facilitating research and personal inquiries. This commitment to promoting literacy and providing library services not only enriches the lives of individuals in the community but also fosters a culture of learning and exploration. As a result, the foundation significantly contributes to the educational and informational landscape of Maplewood, NJ.
This information is meant to be a general summary of Maplewood Memorial Library Foundation 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: $5,415
- Gross Receipts: $187,107
Assets and Liabilities:
- Total Assets: $1,626,374
- Total Liabilities: $0
- Net Assets: $1,626,374
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Organization Details
Founding Year
2010
Principal Officer
Benjamin Cohen
Main Address
51 BAKER STREET, MAPLEWOOD, NJ, 07040
NTEE Category
Code: T30 - Philanthropy
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