Overview
What is Central Virginia Regional Library?
Central Virginia Regional Library is a vital community resource situated in Farmville, Virginia. This nonprofit organization is dedicated to providing public library services, ensuring access to a wide range of reading materials and the internet for its citizens. The library's mission is to cater to the diverse reading needs of the community it serves, fostering an environment that promotes knowledge and learning.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86%, Three-Star out of Four Star rating.
The Central Virginia Regional Library has earned a solid Three-Star rating based on its score of 86%. This rating reflects the organization's strong performance in accountability and finance, indicating effective governance and sound financial management practices. The library boasts 100% independent board members, ensuring unbiased decision-making, alongside a robust audit and oversight committee that scored a perfect 15 out of 15 points.
Financially, the library demonstrates a healthy liabilities to assets ratio of 17.36%, indicating a manageable level of debt relative to its assets. Additionally, a high program expense ratio of 78.81% suggests that a significant portion of its funding is directed towards program services, which is a positive indicator of its commitment to fulfilling its mission.
Overall, while the library has shown strong financial health and accountability practices, there are no specific limitations mentioned in the data provided. This suggests that Central Virginia Regional Library is well-positioned to continue serving its community effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Central Virginia Regional Library legitimate?
Central Virginia Regional Library is a legitimate nonprofit organization registered as a 501(c)(3) entity. Central Virginia Regional 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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Other Salaries and Wages: $502,238
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What is the mission statement of Central Virginia Regional Library?
The Central Virginia Regional Library, in its mission, strives to serve the reading needs of its community by offering public library services. This includes providing access to a variety of reading materials, such as books, and the internet. The library's goal is to cater to the reading preferences and digital requirements of its citizens, thereby contributing to their intellectual growth and knowledge.
Who is the CEO of Central Virginia Regional Library?
Richard Ewing is the President of Central Virginia Regional Library.
What is the revenue of Central Virginia Regional Library?
Central Virginia Regional Library's revenue in 2023 was $1,171,236.
Who are the executives of Central Virginia Regional Library and what are their salaries?
The average compensation at Central Virginia Regional Library during 2023 was $22,829. There are 22 employees at Central Virginia Regional Library.
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Where can I find the form 990 for Central Virginia Regional Library?
Central Virginia Regional Library's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Central Virginia Regional Library
Central Virginia Regional Library, as a public library, is committed to serving its community in Farmville, Virginia. Its mission is to offer a diverse range of reading materials and internet access, catering to the reading needs of its citizens. By providing these resources, the library aims to promote literacy, knowledge, and learning within the community, thereby enriching the lives of its patrons.
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Impact
July, 2024
Central Virginia Regional Library's impact is significant in providing access to public library services for the citizens of Farmville, VA. By offering a wide range of reading materials and resources, including internet access, the library plays a crucial role in catering to the reading needs of the community it serves. This access to information and learning opportunities not only promotes literacy but also contributes to the educational development and enrichment of individuals in the area. Through its mission to provide public library services, Central Virginia Regional Library is instrumental in fostering a culture of learning and knowledge-sharing within the community.
This information is meant to be a general summary of Central Virginia Regional 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: $1
- Gross Receipts: $1,171,236
Assets and Liabilities:
- Total Assets: $256,439
- Total Liabilities: $44,538
- Net Assets: $211,901
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Organization Details
Principal Officer
Richard Ewing
Main Address
1303 W 3RD ST, FARMVILLE, VA, 23901
NTEE Category
Code: B70 - Education
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