Overview
What is Friends Of The Cold Spring Library?
Friends of the Cold Spring Library is a nonprofit organization located at 27 Red River Avenue South, Cold Spring, MN 56320. Their primary mission is to raise funds for the expansion of a library in the Cold Spring area. To achieve this goal, they engage in various activities such as expanding library facilities, supporting current and future library programming and services, and participating in community outreach related to libraries, library services, and literacy. By doing so, Friends of the Cold Spring Library aims to contribute positively to the local community and promote literacy.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (Needs Improvement, 73%)
Friends Of The Cold Spring Library has received a two-star rating from Charity Navigator, indicating that the organization is in need of improvement. While it has a solid accountability and finance score of 73%, this rating suggests that there are areas within the organization that could benefit from enhancements to increase operational effectiveness and transparency.
One of the notable strengths of Friends Of The Cold Spring Library is its board governance, with 100% independent members and strong documentation practices for board meeting minutes. Additionally, the organization has demonstrated excellent financial health, with no material diversion of assets and a perfect program expense ratio of 100%, indicating that all funds are directed towards its mission.
However, despite these strengths, the overall rating highlights a need for improvement in various areas that could enhance its impact and sustainability. Stakeholders may want to consider these factors when evaluating their support for the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Friends Of The Cold Spring Library legitimate?
Friends Of The Cold Spring Library is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of The Cold Spring 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Friends Of The Cold Spring Library?
The mission of Friends Of The Cold Spring Library is focused on raising funds, expanding library facilities, and supporting current and future library programming and services. This organization also engages in community outreach related to libraries, library services, and literacy. By doing so, they aim to contribute to the promotion and enhancement of literacy and library resources in the community.
What is the revenue of Friends Of The Cold Spring Library?
Friends Of The Cold Spring Library's revenue in 2020 was $5,430.
Who are the executives of Friends Of The Cold Spring Library and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Friends Of The Cold Spring Library?
Friends Of The Cold Spring Library's most recent form 990 was submitted in 2020 and can be accessed here.
Mission Statement of Friends Of The Cold Spring Library
Friends of the Cold Spring Library, a dedicated nonprofit organization, is committed to raising funds, expanding library facilities, and supporting current and future library programming and services. Their mission extends beyond financial support, as they also engage in community outreach related to libraries, library services, and literacy. By doing so, they aim to enhance the library's impact on the community and promote literacy among its members.
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Impact
August, 2024
Friends of the Cold Spring Library's impact is significant in the Cold Spring area of Minnesota. They work tirelessly to raise funds for the expansion of the local library, support current and future library programming and services, and engage in community outreach related to libraries, library services, and literacy. Their efforts directly contribute to enhancing educational opportunities, fostering a culture of reading, and promoting access to knowledge within the community. Through their mission-driven work, Friends of the Cold Spring Library plays a vital role in advancing literacy and educational initiatives in the area.
This information is meant to be a general summary of Friends Of The Cold Spring 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 2020.
- Gross Receipts: $5,430
Assets and Liabilities:
- Total Assets: $25,439
- Total Liabilities: $0
- Net Assets: $25,439
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Organization Details
Founding Year
2012
Principal Officer
Brenda Timm
NTEE Category
Code: B11 - Education
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