Overview
What is Library & Community Foundation Of Richardson County?
The Library & Community Foundation of Richardson County is a charitable organization with a primary mission to support the Falls City Library and Arts Center in Nebraska. They carry out this objective by organizing workshops, exhibits, and educational programs for local children, as well as offering an annual scholarship for high school musicians in the area. Moreover, they fund the acquisition of books, films, displays, and other educational materials to enrich the library and arts center, benefiting approximately 8,000 residents and numerous visitors annually. In summary, this nonprofit aims to foster learning and artistic growth within the Falls City community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (73%)
The Library & Community Foundation of Richardson County has received a two-star rating from Charity Navigator, reflecting a need for improvement in its practices. While the organization excels in areas such as having a fully independent board and a strong program expense ratio, it struggles with transparency and governance practices, evidenced by missing key policies and information on its website.
The foundation demonstrates strong financial health, indicated by a 0.00% liabilities to assets ratio and a 100% program expense ratio, suggesting that funds are primarily directed towards its mission. However, the absence of a conflict of interest policy, whistleblower policy, and document retention policy undermine its accountability and governance framework, which are critical for donor trust and operational integrity.
Overall, while the Library & Community Foundation shows commendable financial management and board independence, its shortcomings in governance policies and transparency hinder its overall performance rating. Addressing these gaps will be essential for improving its standing and fostering greater confidence among supporters and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Library & Community Foundation Of Richardson County legitimate?
Library & Community Foundation Of Richardson County is a legitimate nonprofit organization registered as a 501(c)(3) entity. Library & Community Foundation Of Richardson County 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
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What is the mission statement of Library & Community Foundation Of Richardson County?
The Library & Community Foundation of Richardson County aims to support the Falls City Library and Arts Center, located in an undisclosed location. Their primary objective is to enhance the center's offerings by organizing workshops, exhibits, and youth programs. Furthermore, they provide an annual scholarship for local high school musicians. The foundation also contributes to the library and arts center by purchasing books, films, displays, and other educational materials, benefiting the surrounding 8,000 residents and numerous annual visitors.
Who is the CEO of Library & Community Foundation Of Richardson County?
Robert W Aitken is the Director of Library & Community Foundation Of Richardson County.
What is the revenue of Library & Community Foundation Of Richardson County?
Library & Community Foundation Of Richardson County's revenue in 2022 was $40,655.
Who are the executives of Library & Community Foundation Of Richardson County and what are their salaries?
There 50 volunteers at Library & Community Foundation Of Richardson County.
Here are 5 key members and their salaries:
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Where can I find the form 990 for Library & Community Foundation Of Richardson County?
Library & Community Foundation Of Richardson County's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Library & Community Foundation Of Richardson County
The Library & Community Foundation of Richardson County is dedicated to supporting the Falls City Library and Arts Center located in Nebraska. Their mission is multifaceted, encompassing various activities aimed at enriching the local community. They organize workshops, exhibits, and children's programs within the library and arts center. Moreover, the foundation annually awards a scholarship to local high school musicians, demonstrating their commitment to nurturing talent in the arts. In addition to these initiatives, the foundation invests in resources for the library and arts center, purchasing books, films, displays, and other educational items. This investment benefits the approximately 8,000 area citizens and hundreds of visitors who utilize these resources annually. By doing so, the Library & Community Foundation of Richardson County plays a significant role in fostering a culture of learning and creativity within its community.
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Impact
August, 2024
The Library & Community Foundation of Richardson County has a significant impact on the Falls City community by supporting the Falls City Library and Arts Center. Through providing workshops, exhibits, and kids programs, as well as funding an annual scholarship for local high school musicians, the foundation enhances the cultural and educational opportunities available to the 8,000 area citizens and hundreds of visitors annually. Additionally, the foundation's efforts to purchase books, films, displays, and other educational items for the library and arts center contribute to the enrichment of the community by promoting literacy, creativity, and community engagement. The foundation's philanthropic initiatives play a crucial role in fostering a vibrant and culturally rich environment in Falls City, Nebraska.
This information is meant to be a general summary of Library & Community Foundation Of Richardson County. 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: $793
- Gross Receipts: $42,997
Assets and Liabilities:
- Total Assets: $1,199,578
- Total Liabilities: $0
- Net Assets: $1,199,578
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Organization Details
Founding Year
2003
Phone
(402) 245-2913Principal Officer
Robert W Aitken
Main Address
PO BOX 37, FALLS CITY, NE, 68355
NTEE Category
Code: T31 - Philanthropy
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