Overview
What is Red Oak Library Foundation?
The Red Oak Library Foundation is a nonprofit organization that plays a crucial role in bolstering the Red Oak Public Library. Their primary objective is to provide educational and standalone support to this library, ensuring its continued growth and success. By embracing this mission, they contribute to the community's literacy and knowledge-sharing endeavors, ultimately fostering an environment that encourages learning and personal development.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (73%)
The Red Oak Library Foundation has received a two-star rating, indicating that while it excels in certain areas, there are significant aspects needing attention. The foundation scores exceptionally well in accountability and finance, achieving a perfect score of 100%. Independent board governance is also strong, with a fully independent board and no reported material diversion of assets.
However, the foundation has notable shortcomings in other governance practices, particularly regarding transparency. Key policies such as conflict of interest and whistleblower protections are missing, which have resulted in low scores for tax form disclosures. These gaps suggest a need for improvement in organizational policies to enhance overall accountability and public trust.
Despite the financial stability indicated by a 0% liabilities to assets ratio and a 100% program expense ratio, the lack of scoring in areas such as impact measurement and community engagement indicates that the foundation may benefit from a clearer evaluation of its impact. Enhancing its governance policies and transparency could further bolster its reputation and effectiveness in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Red Oak Library Foundation legitimate?
Red Oak Library Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Red Oak 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Red Oak Library Foundation?
The Red Oak Library Foundation serves to uphold the Red Oak Public Library by providing educational assistance and backing to a single organization. Their mission is focused on strengthening the library's resources and services, ensuring that it continues to serve its community effectively. The foundation aims to foster a thriving library environment, advocating for its importance and promoting its role in the community's educational and informational needs. By providing financial support and raising awareness, the Red Oak Library Foundation contributes to the library's overall success and growth.
Who is the CEO of Red Oak Library Foundation?
Rick Taylor is the President of Red Oak Library Foundation.
What is the revenue of Red Oak Library Foundation?
Red Oak Library Foundation's revenue in 2023 was $14,988.
Who are the executives of Red Oak Library Foundation and what are their salaries?
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Red Oak Library Foundation?
Red Oak Library Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Red Oak Library Foundation
The Red Oak Library Foundation is an organization dedicated to supporting the Red Oak Public Library. Their mission is to provide educational and single-organization assistance to ensure the library's continued success and growth. By engaging in these activities, the foundation aims to enhance the library's resources and services, thereby benefiting the community as a whole.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The Red Oak Library Foundation has a significant impact on the Red Oak Public Library by enhancing educational opportunities and providing essential support for library programs and services. Through its efforts, the foundation fosters a love for learning and literacy within the community, ensuring access to valuable resources and educational materials. By investing in the library's development, the foundation helps create an enriching environment where residents can engage with diverse information, participate in educational programs, and enjoy lifelong learning. This support strengthens community ties and promotes cultural enrichment in Red Oak, IA.
This information is meant to be a general summary of Red Oak 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 2023.
- Investment Income: $14,682
- Gross Receipts: $15,945
Assets and Liabilities:
- Total Assets: $953,910
- Total Liabilities: $0
- Net Assets: $953,910
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2013
Phone
(712) 623-4844Principal Officer
Rick Taylor
Main Address
PO BOX 565, RED OAK, IA, 51566
NTEE Category
Code: B70 - Education
If you are a representative of Red Oak Library Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.