Overview
What is Library Foundation For Sarasota County Inc?
The Library Foundation for Sarasota County Inc, situated in Sarasota, Florida, is a dedicated nonprofit organization. Their primary mission is to champion and strengthen public libraries in the region, while also supporting innovation and extending the library system's reach to cater to everyone in Sarasota. With a small team of four individuals, they strive to enhance the library services by promoting progress and accessibility in the community.
Official website here: www.sarasotalibraryfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84% (Three-Star out of Four Star Rating)
The Library Foundation for Sarasota County Inc has received a Three-Star rating from Charity Navigator, indicating that it performs well in certain areas but may have room for improvement. The foundation's Accountability & Finance score is 82, reflecting a solid commitment to financial transparency and responsibility, while it excels in Leadership & Adaptability with a perfect score of 100. This suggests strong governance practices with a fully independent board and robust policies for conflict of interest and whistleblower protection.
Strengths highlighted include the foundation's effective oversight, as evidenced by high scores in financial statements and the absence of material asset diversions. Additionally, their strategic goals focus on enhancing governance, increasing fundraising impact, and raising community awareness. This strategic approach indicates a forward-thinking organization committed to the library system's role in the community.
However, the Program Expense Ratio is noted at 58.43%, which suggests that not all funds are being directed towards programmatic efforts, indicating a potential area for growth. Overall, the foundation demonstrates strong governance and financial practices, but there is an opportunity to increase the percentage of funds allocated directly to programs that benefit the community.
This AI summary has been generated from information found on Charity Navigator.
Is Library Foundation For Sarasota County Inc legitimate?
Library Foundation For Sarasota County Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Library Foundation For Sarasota County 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:
Executive Compensation: $111,423
Professional Fundraising Fees: $0
Other Salaries and Wages: $86,948
For more financial information, click here
Official website here: www.sarasotalibraryfoundation.org
What is the mission statement of Library Foundation For Sarasota County Inc?
The Library Foundation for Sarasota County Inc. is committed to promoting robust public libraries, fostering innovation, and extending the library system's reach to benefit everyone within Sarasota. Its mission is to advocate for strong libraries, support innovative initiatives, and assist in expanding the library system's influence, ensuring accessibility for all individuals within the region.
Official website here: www.sarasotalibraryfoundation.org
Who is the CEO of Library Foundation For Sarasota County Inc?
Sarah Karon is the President of Library Foundation For Sarasota County Inc.
Official website here: www.sarasotalibraryfoundation.org
What is the revenue of Library Foundation For Sarasota County Inc?
Library Foundation For Sarasota County Inc's revenue in 2022 was $527,608.
Official website here: www.sarasotalibraryfoundation.org
Who are the executives of Library Foundation For Sarasota County Inc and what are their salaries?
The average compensation at Library Foundation For Sarasota County Inc during 2022 was $49,593. There are 4 employees at Library Foundation For Sarasota County Inc.
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Official website here: www.sarasotalibraryfoundation.org
Where can I find the form 990 for Library Foundation For Sarasota County Inc?
Library Foundation For Sarasota County Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sarasotalibraryfoundation.org
Learn more at the official website: www.sarasotalibraryfoundation.org
Mission Statement of Library Foundation For Sarasota County Inc
Library Foundation For Sarasota County Inc is dedicated to advancing the cause of strong public libraries in the community. Their mission is multifaceted, encompassing three key areas: championing libraries, fostering innovation, and extending the library system's reach to all residents of Sarasota. By championing libraries, the foundation supports the importance and significance of public libraries in the community. They also promote innovation, encouraging the integration of modern technologies and methods to enhance the library experience. Lastly, they strive to extend the library system's reach, ensuring that everyone in Sarasota has equal access to these vital resources. In essence, Library Foundation For Sarasota County Inc is committed to fortifying the role of libraries in the community, encouraging progress, and ensuring equitable access to these valuable facilities.
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Impact
July, 2024
Library Foundation For Sarasota County Inc's impact can be seen in the support and promotion of strong public libraries in Sarasota. By championing innovation and extending the library system's reach to everyone in the community, the foundation plays a crucial role in enhancing access to educational resources and fostering a culture of learning. Through its efforts, the foundation contributes to the overall educational development and enrichment of individuals in Sarasota, Florida.
This information is meant to be a general summary of Library Foundation For Sarasota County 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: $8,809
- Gross Receipts: $720,190
Assets and Liabilities:
- Total Assets: $5,079,054
- Total Liabilities: $465,353
- Net Assets: $4,613,701
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Organization Details
Founding Year
2011
Phone
(304) 516-1773Principal Officer
Sarah Karon
Main Address
1358 FRUITVILLE ROAD SUITE 310, SARASOTA, FL, 34236
NTEE Category
Code: B127 - Education
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