Overview
What is Wilmington Institute Free Library?
The Wilmington Institute Free Library is a privately funded institution located in Wilmington, Delaware. This nonprofit expands upon the publicly funded services available in the county, catering to educational needs for all individuals within the area. The library's primary mission is to serve as a comprehensive information resource, fulfilling the educational, cultural, and literary requirements of the public. With a team of 32 dedicated employees, the library aims to provide a dynamic and enriching space for the community.
Official website here: www.wilmlib.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
The Wilmington Institute Free Library has received a two-star rating from Charity Navigator, reflecting an overall score of 69%. The organization demonstrates strengths in board independence, asset management, and a high program expense ratio, indicating that the majority of its funds are allocated toward its programs. However, the overall rating suggests that there are significant areas for improvement regarding accountability and financial practices.
A notable limitation is the absence of essential policies, such as a conflict of interest policy, whistleblower policy, and a document retention and destruction policy. These missing elements may hinder the library's transparency and accountability, which are critical for building trust with donors and the community. While the library's financial management appears sound, these governance concerns could impact its long-term sustainability.
In summary, while the Wilmington Institute Free Library excels in certain financial metrics and governance structures, it faces challenges related to key policies that are not in place. Addressing these gaps could enhance its rating and overall effectiveness in serving the community.
This AI summary has been generated from information found on Charity Navigator.
Is Wilmington Institute Free Library legitimate?
Wilmington Institute Free Library is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wilmington Institute Free 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:
Executive Compensation: $110,859
Professional Fundraising Fees: $20,151
Other Salaries and Wages: $1,009,598
For more financial information, click here
Official website here: www.wilmlib.org
What is the mission statement of Wilmington Institute Free Library?
The Wilmington Institute Free Library's mission is to establish a comprehensive, dynamic information resource that caters to the educational, cultural, and literary demands of the public. This mission is accomplished by providing a variety of resources that cater to the diverse learning needs of the community. The library's operations are further bolstered by a privately funded Collection Enrichment Fund, which enhances the publicly funded services offered to individuals within the county, primarily for educational purposes.
Official website here: www.wilmlib.org
Who is the CEO of Wilmington Institute Free Library?
Mr Jamar Rahming is the President of Wilmington Institute Free Library.
Official website here: www.wilmlib.org
What is the revenue of Wilmington Institute Free Library?
Wilmington Institute Free Library's revenue in 2022 was $3,829,527.
Official website here: www.wilmlib.org
Who are the executives of Wilmington Institute Free Library and what are their salaries?
The average compensation at Wilmington Institute Free Library during 2022 was $35,014. There are 32 employees and 15 volunteers at Wilmington Institute Free Library.
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- Compensation: $103,063
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- Other: $7,790
Official website here: www.wilmlib.org
Where can I find the form 990 for Wilmington Institute Free Library?
Wilmington Institute Free Library's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wilmlib.org
Learn more at the official website: www.wilmlib.org
Mission Statement of Wilmington Institute Free Library
The Wilmington Institute Free Library is committed to serving the public's educational, cultural, and literary needs by providing a dynamic information resource. This mission is accomplished by expanding the publicly funded services available for educational purposes, ensuring that the library caters to a wide range of individuals within the community. This privately funded enrichment fund is a testament to the library's dedication to satisfying the diverse needs of its patrons. By offering a wealth of resources, Wilmington Institute Free Library fosters an environment that encourages learning and personal growth, making it an invaluable asset to the community.
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Impact
July, 2024
The Wilmington Institute Free Library plays a crucial role in providing a dynamic information resource to satisfy the educational, cultural, and literary needs of the public in Wilmington, Delaware. Through its privately funded collection enrichment fund, the library expands publicly funded services to all individuals within the county for educational purposes. By fulfilling its mission to be a vibrant hub of knowledge and learning, the library significantly impacts the community by promoting literacy, fostering a love for reading, and offering resources that contribute to personal and professional development. Its dedication to serving the public as a valuable educational resource makes it an essential institution in the city.
This information is meant to be a general summary of Wilmington Institute Free 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 2022.
- Investment Income: $445,905
- Program Service Revenue: $9,642
- Gross Receipts: $4,286,324
Assets and Liabilities:
- Total Assets: $12,192,041
- Total Liabilities: $342,164
- Net Assets: $11,849,877
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DESK RECEIPTS
Revenue
$9,642
Organization Details
Founding Year
1788
Phone
(302) 571-7400Principal Officer
Mr Jamar Rahming
Main Address
PO BOX 2303, WILMINGTON, DE, 198992303
Website
www.wilmlib.orgNTEE Category
Code: B70 - Education
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