Overview
What is Oil Region Library Association?
The Oil Region Library Association is a dedicated nonprofit organization serving Venango County. Their primary mission is to provide comprehensive library services, fostering a vibrant community, nurturing lifelong learning, and offering easy access to valuable information and resources. By embracing this mission, the association aims to enrich the lives of its local residents.
Official website here: www.oilcitylibrary.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
The Oil Region Library Association has achieved an impressive Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. Their overall score is derived entirely from their accountability and finance beacon, which reflects their strong adherence to financial best practices and transparency. The organization’s commitment to maintaining a fully independent board and having no material diversion of assets demonstrates robust governance.
Strengths highlighted in their evaluation include a 100% score for having a majority of independent board members and an excellent financial statements oversight, suggesting effective management and oversight of their financial activities. The low liabilities to assets ratio of 0.12% indicates that the organization is in a strong financial position, further solidified by a program expense ratio of 81.18%, showing a significant portion of their expenditures directly support their mission.
While the rating reflects overall excellence, it is important to recognize that this evaluation focuses solely on financial and governance aspects. There may be qualitative factors related to program impact and community engagement that are not captured in the rating, but the financial health as indicated by the metrics presents the Oil Region Library Association as a responsible and effective nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Oil Region Library Association legitimate?
Oil Region Library Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Oil Region Library Association 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: $343,391
For more financial information, click here
Official website here: www.oilcitylibrary.org
What is the mission statement of Oil Region Library Association?
The Oil Region Library Association is committed to serving Venango County by offering library services. Their mission is to enhance the community's quality of life, foster a culture of lifelong learning, and offer easy access to information and resources. By doing so, they aim to enrich the lives of the people in the community.
Official website here: www.oilcitylibrary.org
Who is the CEO of Oil Region Library Association?
Daniel Flaherty is the Executive Di of Oil Region Library Association.
Official website here: www.oilcitylibrary.org
What is the revenue of Oil Region Library Association?
Oil Region Library Association's revenue in 2022 was $1,081,025.
Official website here: www.oilcitylibrary.org
Who are the executives of Oil Region Library Association and what are their salaries?
The average compensation at Oil Region Library Association during 2022 was $18,073. There are 19 employees at Oil Region Library Association.
Here are 9 key members and their salaries:
- Compensation: $51,448
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Official website here: www.oilcitylibrary.org
Where can I find the form 990 for Oil Region Library Association?
Oil Region Library Association's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.oilcitylibrary.org
Learn more at the official website: www.oilcitylibrary.org
Mission Statement of Oil Region Library Association
The Oil Region Library Association is committed to serving Venango County by offering library services. This nonprofit organization strives to enrich the lives of the community, fostering lifelong learning, and providing easy access to a wealth of information and resources. By doing so, the Association aims to contribute to the intellectual growth and development of the community members.
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Impact
July, 2024
The Oil Region Library Association has a significant impact on Venango County by providing essential library services to the community. Through its dedication to enriching the lives of residents, encouraging lifelong learning, and offering access to information and resources, the association plays a vital role in promoting education and literacy in the region. Its mission to serve the needs of the community demonstrates a commitment to fostering a culture of learning and knowledge-sharing.
This information is meant to be a general summary of Oil Region Library Association. 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: $117,490
- Program Service Revenue: $27,128
- Gross Receipts: $1,081,025
Assets and Liabilities:
- Total Assets: $3,612,117
- Total Liabilities: $4,548
- Net Assets: $3,607,569
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMINISTRATIVE FEES
Revenue
$17,694
FEES, FINES, ETC
Revenue
$9,434
Organization Details
Founding Year
2015
Phone
(814) 678-3072Principal Officer
Daniel Flaherty
Main Address
2 CENTRAL AVE, OIL CITY, PA, 16301
Website
www.oilcitylibrary.orgNTEE Category
Code: B70 - Education
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