Overview
What is The Library Foundation?
The Library Foundation is a charitable organization situated in Topeka, Kansas, with an address at 1515 SW 10th Avenue, 66604. Its primary objective is to foster the development and enhancement of the Topeka and Shawnee County Public Library's collections, programs, services, technology, and physical facilities. The foundation achieves this goal by actively encouraging and soliciting private philanthropic support. The annual distribution of funds, in accordance with established policy, transfers resources to the library, contributing to its continuous growth and advancement. The Library Foundation serves as a crucial partner in enhancing the library's capacity to serve its community effectively.
Official website here: www.foundation.tscpl.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85%, Three-Star out of Four Stars
The Library Foundation has earned a Three-Star rating from Charity Navigator, reflecting an overall score of 85% based entirely on its Accountability & Finance metrics. This rating indicates a strong commitment to transparency and effective financial practices, with a perfect score in several key areas, including independent board governance and the existence of essential policies for conflict of interest and whistleblowing.
The organization boasts a fully independent board with 15 members, contributing to its responsible governance. Additionally, it maintains high standards in financial reporting, as evidenced by its 100% rating in audit accountability and the absence of any material diversion of assets. These strengths highlight the foundation's dedication to ethical management and fiscal responsibility.
However, the Library Foundation's program expense ratio of 58.07% suggests that there is room for improvement in the allocation of funds toward program services. This aspect may raise some concerns about the efficiency of resource distribution, indicating a need for the organization to focus more on enhancing its direct impact through program expenditures. Overall, the foundation demonstrates commendable accountability, but should aim to optimize program funding to fully maximize its mission.
This AI summary has been generated from information found on Charity Navigator.
Is The Library Foundation legitimate?
The Library Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The 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:
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For more financial information, click here
Official website here: www.foundation.tscpl.org
What is the mission statement of The Library Foundation?
The Library Foundation's mission is to foster the ongoing expansion, enhancement, and advancement of library collections, programs, services, technology, and physical facilities. They accomplish this by encouraging and soliciting private philanthropic support. The funds raised by the foundation annually contribute to the library, specifically used to promote further growth, improvement, and development in these areas.
Official website here: www.foundation.tscpl.org
Who is the CEO of The Library Foundation?
Kim Patton is the Trustee of The Library Foundation.
Official website here: www.foundation.tscpl.org
What is the revenue of The Library Foundation?
The Library Foundation's revenue in 2022 was $1,184,042.
Official website here: www.foundation.tscpl.org
Who are the executives of The Library Foundation and what are their salaries?
There 17 volunteers at The Library Foundation.
Here are 16 key members and their salaries:
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- Related: $64,830
- Other: $6,630
Official website here: www.foundation.tscpl.org
Where can I find the form 990 for The Library Foundation?
The Library Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.foundation.tscpl.org
Learn more at the official website: www.foundation.tscpl.org
Mission Statement of The Library Foundation
The Library Foundation, a nonprofit organization, is committed to fostering the advancement and improvement of library collections, programs, services, technology, and physical facilities. It achieves this goal by encouraging and soliciting private philanthropic support. By doing so, the foundation serves as a catalyst for the continued growth and development of the library, ensuring it remains a vital resource for the community. The Topeka and Shawnee County Public Library is the primary beneficiary of the funds raised by The Library Foundation. An annual distribution of funds is made, in accordance with established policy, which are subsequently utilized to enhance the library's collections, programs, services, technology, and physical facilities.
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Impact
July, 2024
The impact of The Library Foundation can be seen in the continual growth, enhancement, and development of library collections, programs, services, technology, and physical facilities. Through the encouragement and solicitation of private philanthropic support, the foundation ensures that the Topeka and Shawnee County Public Library benefits from fundraising efforts. This results in an annual distribution of funds that are utilized to support the library's expansion and improvement, ultimately benefiting the community by providing access to valuable resources and fostering education.
This information is meant to be a general summary of The 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: $78,378
- Gross Receipts: $1,240,560
Assets and Liabilities:
- Total Assets: $9,891,043
- Total Liabilities: $181,044
- Net Assets: $9,709,999
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Organization Details
Founding Year
1982
Phone
(785) 580-4493Principal Officer
Kim Patton
Main Address
1515 SW 10TH AVENUE, TOPEKA, KS, 66604
Website
www.foundation.tscpl.orgNTEE Category
Code: B70 - Education
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