Overview
What is Southern Maryland Regional Library Assoc?
The Southern Maryland Regional Library Association is a nonprofit organization situated in Charlotte Hall, Maryland. Its primary purpose is to foster resource sharing among libraries and information agencies in Calvert, Charles, and St. Mary's counties. By efficiently, economically, and effectively sharing resources, the association aims to ensure equal access to information for the local citizens. With a team of 17 dedicated individuals, it strives to enhance the library services and resources available to the community.
Official website here: www.somd.lib.md.us
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 92%, Four-Star out of Four Star rating
The Southern Maryland Regional Library Association has received a strong Four-Star rating from Charity Navigator, reflecting its high standards in accountability and finance. The organization's overall score is derived entirely from its accountability and finance metrics, with a notable score of 92%. This indicates a robust commitment to transparency and responsible financial management, which is essential for nonprofit organizations.
Strengths of the organization include an entirely independent board, effective financial oversight, and strong compliance with financial reporting standards. The organization has demonstrated excellence in various areas, such as having no material diversions of assets and a program expense ratio of 100%, indicating that all funds are directed towards fulfilling its mission. Furthermore, key policies such as conflict of interest and whistleblower protections are in place, reinforcing its ethical governance.
While the organization's financial health appears solid, with a liabilities to assets ratio of 26.16%, the review did not highlight any specific areas for improvement. The Executive Director's salary is noted, but there are no salaries reported for other trustee roles, which might suggest a focus on volunteerism in governance. Overall, Southern Maryland Regional Library Association is positioned well within the nonprofit sector, reflecting strong operational integrity and commitment to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Southern Maryland Regional Library Assoc legitimate?
Southern Maryland Regional Library Assoc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Southern Maryland Regional Library Assoc 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: $123,648
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,038,907
For more financial information, click here
Official website here: www.somd.lib.md.us
What is the mission statement of Southern Maryland Regional Library Assoc?
The Southern Maryland Regional Library Association's mission is to ensure equal access to information for the citizens of Calvert, Charles, and St. Mary's counties. This is achieved through the efficient, economic, and effective sharing of resources among public libraries and various information agencies. The association's primary goal is to enhance the services offered to individuals through resource sharing, as outlined in the Annotated Code of Maryland. The Southern Maryland Regional Library Association promotes collaboration among libraries in these counties, aiming to improve overall service provision.
Official website here: www.somd.lib.md.us
Who is the CEO of Southern Maryland Regional Library Assoc?
Ashley Teagle is the Trustee of Southern Maryland Regional Library Assoc.
Official website here: www.somd.lib.md.us
What is the revenue of Southern Maryland Regional Library Assoc?
Southern Maryland Regional Library Assoc's revenue in 2022 was $3,547,495.
Official website here: www.somd.lib.md.us
Who are the executives of Southern Maryland Regional Library Assoc and what are their salaries?
The average compensation at Southern Maryland Regional Library Assoc during 2022 was $68,386. There are 17 employees at Southern Maryland Regional Library Assoc.
Here are 8 key members and their salaries:
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Official website here: www.somd.lib.md.us
Where can I find the form 990 for Southern Maryland Regional Library Assoc?
Southern Maryland Regional Library Assoc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.somd.lib.md.us
Learn more at the official website: www.somd.lib.md.us
Mission Statement of Southern Maryland Regional Library Assoc
The Southern Maryland Regional Library Association is committed to ensuring that the citizens of Calvert, Charles, and St. Mary's Counties have equal access to information. They achieve this by promoting the efficient, economic, and effective sharing of resources among public libraries and various information agencies. This collaborative approach enhances the services provided to individuals in these counties, as outlined in the Annotated Code of Maryland. By fostering resource sharing, the Southern Maryland Regional Library Association aims to contribute positively to the community, ensuring that everyone has equal opportunities to access and utilize valuable information.
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Impact
July, 2024
The impact of the Southern Maryland Regional Library Assoc is evident in its commitment to ensuring that the citizens of Calvert, Charles, and St. Mary's counties have equal access to information. By promoting resource sharing among libraries in these counties, the association enhances services to individuals as outlined in the Annotated Code of Maryland. Through its efforts, the association plays a crucial role in supporting education and information access in the community.
This information is meant to be a general summary of Southern Maryland Regional Library Assoc. 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: $4,804
- Program Service Revenue: $35,619
- Gross Receipts: $3,547,495
Assets and Liabilities:
- Total Assets: $4,649,230
- Total Liabilities: $1,326,418
- Net Assets: $3,322,812
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LIBRARY SERVICES
Revenue
$35,619
Organization Details
Founding Year
1994
Phone
(301) 884-0436Principal Officer
Ashley Teagle
Main Address
PO BOX 459, CHARLOTTE HALL, MD, 20622
Website
www.somd.lib.md.usNTEE Category
Code: B70Z - Education
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