Overview
What is Friends Of The Elk Rapids District Library?
Friends of the Elk Rapids District Library is a nonprofit organization situated in Elk Rapids, Michigan. Their primary mission is to support the activities of the local library by actively soliciting, administering, and disbursing donations from various sources, including the general public, foundations, and corporations. They organize and manage the library's used bookstore, generating funds through the disposal or recycling of books and other media materials. The revenue generated is used to finance programs and services for the community, as well as advocate for the library's needs and promote it within the community. Their main activity is providing assistance with necessary purchases for the Elk Rapids District Library.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Star Rating)
Friends Of The Elk Rapids District Library has received a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance. The charity's overall score is derived from a comprehensive evaluation of its financial practices, showcasing a strong commitment to transparency and effective management of resources.
The organization scored particularly well in key areas, including having a fully independent board, excellent ratios regarding liabilities to assets, and a high program expense ratio of 94.63%. These factors suggest that Friends Of The Elk Rapids District Library is effectively utilizing its funds to support its mission and operate with minimal liabilities.
While the rating highlights several organizational strengths, it is important for potential donors and stakeholders to consider that the score is based solely on accountability and finance metrics. Additional metrics related to impact and effectiveness may also be relevant for a comprehensive understanding of the organization's overall performance.
This AI summary has been generated from information found on Charity Navigator.
Is Friends Of The Elk Rapids District Library legitimate?
Friends Of The Elk Rapids District Library is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of The Elk Rapids District Library 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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What is the mission statement of Friends Of The Elk Rapids District Library?
The mission of Friends Of The Elk Rapids District Library is centered around supporting the activities of the local library. They accomplish this through active participation and fundraising events. The organization actively solicits, manages, and disburses donations from various sources for the library's benefit. A significant part of their mission involves organizing and managing a used bookstore, which helps generate funds by disposing of or recycling books and other media materials. Furthermore, they finance programs and services for the community, advocating for the library's needs and promoting its importance within the community.
Who is the CEO of Friends Of The Elk Rapids District Library?
Laura Savoie is the Vice Chair of Friends Of The Elk Rapids District Library.
What is the revenue of Friends Of The Elk Rapids District Library?
Friends Of The Elk Rapids District Library's revenue in 2023 was $73,062.
Who are the executives of Friends Of The Elk Rapids District Library and what are their salaries?
There 15 volunteers at Friends Of The Elk Rapids District Library.
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Where can I find the form 990 for Friends Of The Elk Rapids District Library?
Friends Of The Elk Rapids District Library's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Friends Of The Elk Rapids District Library
Friends of the Elk Rapids District Library is a dedicated organization that aims to support the activities of the local library through active participation and fundraising efforts. Their primary mission is to actively solicit, administer, and disburse donations from various sources to benefit the library. In addition to this, they manage and organize the library's used bookstore, generating funds by disposing of and recycling books and other media materials. These funds are then utilized to finance programs and services for the community. Moreover, Friends of the Elk Rapids District Library advocates for the needs of the library and promotes it within the community, ensuring its continued growth and success.
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Impact
August, 2024
The Friends of the Elk Rapids District Library play a vital role in supporting the activities of the Elk Rapids District Library through their participation and fundraising efforts. By actively soliciting, administering, and dispersing donations from the general public, foundations, and corporations, they secure essential funds for the benefit of the library. Additionally, they organize and manage the library's used bookstore, generating funds by disposing of and/or recycling books and other media materials. These financial resources are then utilized to finance programs and services for the community, ensuring that the library can offer valuable resources and initiatives to its patrons. Furthermore, the Friends of the Elk Rapids District Library advocate for the needs of the library and promote its services in the community, further enhancing its impact and reach.
This information is meant to be a general summary of Friends Of The Elk Rapids District Library. 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: $445
- Gross Receipts: $74,147
Assets and Liabilities:
- Total Assets: $122,894
- Total Liabilities: $50
- Net Assets: $122,844
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Organization Details
Founding Year
2015
Phone
(231) 313-1526Principal Officer
Laura Savoie
Main Address
PO BOX 337, ELK RAPIDS, MI, 49629
NTEE Category
Code: B70 - Education
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