Overview
What is District Of Columbia Public Library Foundation Inc?
District of Columbia Public Library Foundation Inc is a philanthropic organization that strengthens and enhances the capabilities, resources, and services of the District of Columbia Public Library (DCPL). Their mission is to invest in programs that nurture early literacy, celebrate the library's cultural richness and history, and expand District residents' access to economic opportunities through workforce development initiatives. Their primary focus is on supporting the library's operations, promoting awareness of its valuable resources, and extending its reach in the community. The foundation currently has a modest workforce of one employee.
Official website here: www.dcplfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86% (Three-Star out of Four Stars)
The District Of Columbia Public Library Foundation Inc has achieved a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance. With an overall score of 86%, the foundation excels in several areas, including having a fully independent board and a strong financial oversight framework. Its commitment to transparency is reflected in multiple policies, such as conflict of interest and whistleblower protections.
The foundation scored particularly well on its accountability measures, earning full points in categories like material diversion of assets and the presentation of financial statements. These strengths provide assurance to donors about the organization's governance and fiscal responsibility. Additionally, the high liabilities to assets ratio indicates a low level of financial risk.
However, the program expense ratio, at 61.62%, suggests that there may be room for improvement in how funds are allocated toward direct programming versus other operational costs. While this score is not poor, higher program expense ratios are generally preferred in the nonprofit sector, indicating a focus on impact and service delivery. Overall, the District Of Columbia Public Library Foundation demonstrates a commendable level of accountability but could enhance its program funding efficiency.
This AI summary has been generated from information found on Charity Navigator.
Is District Of Columbia Public Library Foundation Inc legitimate?
District Of Columbia Public Library Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. District Of Columbia Public Library Foundation Inc 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: $199,394
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.dcplfoundation.org
What is the mission statement of District Of Columbia Public Library Foundation Inc?
The District of Columbia Public Library Foundation's mission is to enhance and strengthen the capabilities, resources, and services of the District Public Library. The Foundation achieves this by promoting greater awareness of the library's valuable resources and by providing philanthropic support for programs that foster early literacy, celebrate cultural vibrancy and history, and increase residents' access to economic opportunities through workforce development programs.
Official website here: www.dcplfoundation.org
What is the revenue of District Of Columbia Public Library Foundation Inc?
District Of Columbia Public Library Foundation Inc's revenue in 2023 was $1,012,067.
Official website here: www.dcplfoundation.org
Who are the executives of District Of Columbia Public Library Foundation Inc and what are their salaries?
The average compensation at District Of Columbia Public Library Foundation Inc during 2023 was $199,394. There is 1 employee and 15 volunteers at District Of Columbia Public Library Foundation Inc.
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Official website here: www.dcplfoundation.org
Where can I find the form 990 for District Of Columbia Public Library Foundation Inc?
District Of Columbia Public Library Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.dcplfoundation.org
Learn more at the official website: www.dcplfoundation.org
Mission Statement of District Of Columbia Public Library Foundation Inc
The District of Columbia Public Library Foundation Inc plays a crucial role in supporting and enriching the capacity, resources, and services of the DC Public Library. Their mission is to promote greater awareness of the library's valuable resources. The foundation extends the services provided by the DC Public Library by investing philanthropic support in programs that foster early literacy, celebrate the district's cultural vibrancy and history, and increase district residents' access to economic opportunities through support of the library's workforce development programs. By doing so, the District of Columbia Public Library Foundation Inc contributes significantly to the enhancement and expansion of the DC Public Library's offerings, ultimately benefiting the community as a whole.
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Impact
July, 2024
District Of Columbia Public Library Foundation Inc's impact is significant in supporting and enriching the capacity, resources, and services of the DC Public Library. Through investing philanthropic support, the foundation extends DCPL's services by promoting early literacy, celebrating DC's cultural vibrancy and history, and increasing District residents' access to economic opportunities through support of the library's workforce development programs. By doing so, the foundation plays a crucial role in enhancing the library's offerings and promoting greater awareness of the valuable resources it provides to the community.
This information is meant to be a general summary of District Of Columbia Public Library Foundation Inc. 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: $111,133
- Gross Receipts: $1,211,985
Assets and Liabilities:
- Total Assets: $6,118,506
- Total Liabilities: $91,176
- Net Assets: $6,027,330
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Organization Details
Founding Year
1985
Principal Officer
Rob Hartman
Website
www.dcplfoundation.orgNTEE Category
Code: B117 - Education
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