Overview
What is Charlotte Mecklenburg Library Foundation?
The Charlotte Mecklenburg Library Foundation is a nonprofit organization that supports the operations and programs of the Charlotte Mecklenburg Library through advocacy, fundraising, and endowment management. Its mission is to help the Charlotte Mecklenburg Library enhance lives and contribute to a stronger community. The foundation, based in Charlotte, North Carolina (NC) with a specific address at 220 North Tryon Street, distributes grants to further the library's initiatives.
Official website here: www.foundation.cmlibrary.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Stars)
The Charlotte Mecklenburg Library Foundation has achieved a Three-Star rating from Charity Navigator, reflecting a solid performance in accountability and finance. The score is based entirely on accountability measures, indicating a strong emphasis on financial integrity and transparency. The foundation has demonstrated effective governance with 95% of its board members being independent, which is a positive indicator of its commitment to ethical oversight.
Strengths of the organization include a high program expense ratio of 84.92%, suggesting that a significant portion of its budget is directed towards fulfilling its mission. Additionally, the foundation has no reported material diversion of assets and maintains a strong financial position with a low liabilities-to-assets ratio of 0.31%. These factors contribute to its overall financial health and suggest responsible management of funds.
While the organization has shown commendable strengths, the rating highlights that there are no major limitations reported. The transparency in documentation and adherence to conflict of interest policies further reinforce the foundation's reliability. Overall, the Charlotte Mecklenburg Library Foundation appears well-positioned to continue its positive impact within the community.
This AI summary has been generated from information found on Charity Navigator.
Is Charlotte Mecklenburg Library Foundation legitimate?
Charlotte Mecklenburg Library Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Charlotte Mecklenburg Library Foundation 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.foundation.cmlibrary.org
What is the mission statement of Charlotte Mecklenburg Library Foundation?
The Charlotte Mecklenburg Library Foundation plays a crucial role in advocating for and raising funds to support the operations and programs of the local library. Its mission is geared towards enhancing lives and fostering a stronger community through the library. The Foundation grants funds distributed to the library to ensure the continuation and expansion of its initiatives. Through these efforts, the Foundation contributes significantly to the library's ability to provide essential services and resources for its community members.
Official website here: www.foundation.cmlibrary.org
Who is the CEO of Charlotte Mecklenburg Library Foundation?
Alyssa Federico is the Chair of Charlotte Mecklenburg Library Foundation.
Official website here: www.foundation.cmlibrary.org
What is the revenue of Charlotte Mecklenburg Library Foundation?
Charlotte Mecklenburg Library Foundation's revenue in 2022 was $14,482,826.
Official website here: www.foundation.cmlibrary.org
Who are the executives of Charlotte Mecklenburg Library Foundation and what are their salaries?
Here are 25 key members and their salaries:
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- Related: $158,592
- Other: $41,685
Official website here: www.foundation.cmlibrary.org
Where can I find the form 990 for Charlotte Mecklenburg Library Foundation?
Charlotte Mecklenburg Library Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.foundation.cmlibrary.org
Learn more at the official website: www.foundation.cmlibrary.org
Mission Statement of Charlotte Mecklenburg Library Foundation
The Charlotte Mecklenburg Library Foundation plays a pivotal role in championing the cause of the Charlotte Mecklenburg Library through advocacy, fundraising, and endowment management. This nonprofit organization's mission is geared towards enhancing lives and fostering a stronger community by supporting the library's operations and programs.
In practice, the Foundation distributes grants to the Charlotte Mecklenburg Library to ensure the success of its various initiatives. By doing so, it contributes to the library's ongoing efforts to improve access to knowledge, resources, and opportunities for individuals from all walks of life. With its unwavering commitment to the Library, the Foundation serves as a vital partner and catalyst for positive change and growth within the community.
The Charlotte Mecklenburg Library Foundation's advocacy efforts extend beyond financial support. It champions the Library's role as a key community institution, raising awareness of its programs and services to a broader audience. By strengthening the Library's public image, the Foundation helps to increase its reach and impact on the lives of those it serves.
Furthermore, the Foundation's fundraising activities generate essential resources, allowing the Library to invest in innovative projects and expand its offerings to meet the evolving needs of the community. Through its stewardship of endowments, the Foundation also ensures the Library's long-term financial sustainability and ability to adapt to future challenges.
In essence, the Charlotte Mecklenburg Library Foundation's mission is to empower the Charlotte Mecklenburg Library to continuously improve and enrich the lives of its patrons and the community at large. Through its advocacy, fundraising, and endowment management, the Foundation lays the groundwork for a vibrant, informed, and engaged society, where knowledge and opportunities are accessible to all.
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Impact
October, 2024
Charlotte Mecklenburg Library Foundation significantly enhances the lives of individuals and strengthens the community by supporting library programs through advocacy, fundraising, and endowment management. By distributing grants, the Foundation plays a vital role in maintaining and expanding the operations and programs of the Charlotte Mecklenburg Library. This commitment to education and community development ensures that resources are available for those seeking knowledge and improvement, ultimately fostering a more educated and engaged society in Charlotte, NC.
This information is meant to be a general summary of Charlotte Mecklenburg Library Foundation. 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.
- Gross Receipts: $14,482,826
Assets and Liabilities:
- Total Assets: $50,051,589
- Total Liabilities: $589,537
- Net Assets: $49,462,052
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Organization Details
Founding Year
2012
Phone
(704) 973-4500Principal Officer
Alyssa Federico
Main Address
220 NORTH TRYON STREET, CHARLOTTE, NC, 28202
Website
www.foundation.cmlibrary.orgNTEE Category
Code: B11 - Education
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