Overview
What is Gothenburg Library Foundation?
The Gothenburg Library Foundation is a nonprofit organization situated in Gothenburg, Nebraska, specifically at 1104 Lake Avenue. Its primary focus is on supporting the local public library by accepting donations, grants, and providing funds for library improvements and operations. This support extends beyond monetary contributions, as the foundation also aims to enrich the library's offerings with humanities programs and exhibits, thereby enhancing the cultural experience of the general public.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, Two-Star out of Four Star rating
The Gothenburg Library Foundation holds a Two-Star rating from Charity Navigator, which signifies a moderate level of accountability and finance management. This score is entirely derived from its performance in the Accountability & Finance beacon, indicating a strong focus on these areas. The foundation excels with a 100% independent board, showcasing effective governance and oversight.
The organization demonstrates solid financial practices, with a program expense ratio of 76.59%, indicating that a significant portion of its budget is allocated to its programs. Additionally, it has maintained a zero liability to assets ratio, reflecting prudent financial management. The foundation also regularly documents board meeting minutes, which contributes positively to its transparency.
While the foundation scores well in several categories, the overall rating suggests room for improvement in other aspects that might not be captured by the current metrics. Potential donors and supporters may want to further investigate the foundation's impact and overall effectiveness in serving its community.
This AI summary has been generated from information found on Charity Navigator.
Is Gothenburg Library Foundation legitimate?
Gothenburg Library Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gothenburg 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.
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What is the mission statement of Gothenburg Library Foundation?
The Gothenburg Library Foundation's mission is centered around supporting local public libraries and fostering humanities programs and exhibits. In pursuit of this goal, the organization focuses on providing financial assistance through donations and grants, enabling library improvements and operational enhancements. Additionally, the foundation organizes humanities exhibits and performances aimed at engaging the general public.
Who is the CEO of Gothenburg Library Foundation?
Steve Windrum is the Treasurer of Gothenburg Library Foundation.
What is the revenue of Gothenburg Library Foundation?
Gothenburg Library Foundation's revenue in 2022 was $19,338.
Who are the executives of Gothenburg Library Foundation and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Gothenburg Library Foundation?
Gothenburg Library Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Gothenburg Library Foundation
The Gothenburg Library Foundation is committed to supporting its local city library and enriching the community through humanities programs and exhibits. This nonprofit organization's mission is to bolster the public library by accepting donations and grants, and by providing funds for library improvements and operations. In essence, the Gothenburg Library Foundation aims to enhance the library's offerings, ensuring that the general public has access to a wide variety of humanities exhibits and performances.
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Impact
August, 2024
The Gothenburg Library Foundation has a significant impact on the local community by supporting the Gothenburg Public Library and providing humanities programs and exhibits for the general public. By accepting donations and grants, the foundation is able to provide crucial funds for library improvements and operations, enhancing the resources and services available to residents of Gothenburg, Nebraska. Through their mission to support the public library and offer engaging humanities experiences, the foundation contributes to the enrichment and cultural growth of the community, making knowledge and learning accessible to all.
This information is meant to be a general summary of Gothenburg 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.
- Investment Income: $18,509
- Gross Receipts: $19,338
Assets and Liabilities:
- Total Assets: $654,701
- Total Liabilities: $0
- Net Assets: $654,701
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Organization Details
Founding Year
1995
Phone
(308) 537-2591Principal Officer
Steve Windrum
Main Address
1104 LAKE AVENUE, GOTHENBURG, NE, 69138
NTEE Category
Code: T70 - Philanthropy
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