Overview
What is Durham Library Foundation?
Durham Library Foundation is a nonprofit organization based in Durham, North Carolina, with a focus on supporting and enhancing the public library services and facilities in Durham County. The foundation primarily achieves this goal by securing, maintaining, and expenditing funds to the county library system, aiming to provide an exceptional level of service beyond what is attainable through county funding alone. The Durham Library Foundation's efforts extend to various programs, such as funding innovative library events, services, and initiatives, including in-person events, virtual programs, and take-home kits for all ages. The foundation also supports humanities, children's literacy, collections, and special technology initiatives. A notable program funded by the foundation is the Library Fest, a week-long celebration of library highlights and national speakers. With a small team of two dedicated individuals, the Durham Library Foundation plays a significant role in enriching the library experience in Durham County.
Official website here: www.durhamlibraryfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 93%, Four-Star out of Four Star rating.
The Durham Library Foundation has achieved a strong 93% rating from Charity Navigator, indicating a high level of accountability and financial health. This rating is solely based on its Accountability & Finance score, reflecting strong governance and operational practices. The foundation has a fully independent board of 16 members, which is a significant strength, contributing to its effective oversight and decision-making.
The foundation demonstrates excellent financial practices, including a low liabilities-to-assets ratio of 0.08%, showcasing its financial stability. Additionally, it maintains transparency through comprehensive policies such as a conflict of interest policy and whistleblower policy, which are readily accessible. The foundation also hosts documented board meeting minutes, further enhancing its accountability to stakeholders.
One area for improvement may be the program expense ratio, which stands at 66.50%. While this figure is generally good, it indicates that a portion of the foundation's resources is allocated elsewhere, which could be scrutinized by potential donors. Overall, the Durham Library Foundation is recognized for its strong governance and transparency, making it a reliable choice for supporters interested in promoting library services.
This AI summary has been generated from information found on Charity Navigator.
Is Durham Library Foundation legitimate?
Durham Library Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Durham 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:
Executive Compensation: $59,175
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,378
For more financial information, click here
Official website here: www.durhamlibraryfoundation.org
What is the mission statement of Durham Library Foundation?
The Durham Library Foundation's mission is to enhance the funding of public library services and facilities beyond what is attainable through county funding alone. This is achieved by securing, maintaining, and donating resources to the county library system for its expenditure. The objective is to provide a margin of excellence, going beyond the standard services, for the county library system. The foundation achieves this by providing annual and capital funding for the county's public libraries. This funding supports innovative programs and expands traditional library services that are not funded by the county. The foundation also funds various library events and services, including in-person events, virtual programs, and take-home kits for all ages. The Durham Library Foundation solely funds the county library and supports initiatives in humanities, children's literacy, collections, and special technology initiatives.
Official website here: www.durhamlibraryfoundation.org
Who is the CEO of Durham Library Foundation?
Leta R Loyd is the President of Durham Library Foundation.
Official website here: www.durhamlibraryfoundation.org
What is the revenue of Durham Library Foundation?
Durham Library Foundation's revenue in 2022 was $573,432.
Official website here: www.durhamlibraryfoundation.org
Who are the executives of Durham Library Foundation and what are their salaries?
The average compensation at Durham Library Foundation during 2022 was $30,276. There are 2 employees and 11 volunteers at Durham Library Foundation.
Here are 17 key members and their salaries:
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Official website here: www.durhamlibraryfoundation.org
Where can I find the form 990 for Durham Library Foundation?
Durham Library Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.durhamlibraryfoundation.org
Learn more at the official website: www.durhamlibraryfoundation.org
Mission Statement of Durham Library Foundation
The Durham Library Foundation is committed to enhancing the funding for public library services and facilities in Durham County, North Carolina. They achieve this by securing, maintaining, and donating additional resources from both public and private sources beyond what the county can provide. The objective of this foundation is to provide an exceptional level of service, surpassing what is achievable through county funding alone.
To sustain its founding vision of excellence, the Durham Library Foundation engages in resource development and investment management. They provide annual and capital funding for the county's public libraries, supporting innovative programs and expanding traditional library services that are not funded by Durham County.
In addition to their financial support, the Durham Library Foundation also actively contributes to library events and services, including in-person events, virtual programs, and take-home kits for all ages. They solely fund Durham County Library and invest in various initiatives such as humanities, children's literacy, collections, and special technology initiatives. A significant program funded by the foundation is the Library Fest, a week-long celebration of library highlights and national speakers.
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Impact
July, 2024
Durham Library Foundation plays a crucial role in enhancing public library services and facilities in Durham County, North Carolina. By securing, maintaining, and donating resources from various public and private sources, the foundation ensures that the county library system can go beyond what is achievable through county funding alone. This additional support allows the library system to provide a higher level of service and excellence to the public.
The foundation's impact extends beyond financial contributions. It also supports library events and services, including in-person events, virtual programs, and take-home kits for all ages. By funding initiatives related to humanities, children's literacy, collections, and special technology, the foundation enriches the library experience and provides innovative programs that benefit the community.
One of the key programs supported by the foundation is Library Fest, a week-long festival that showcases library highlights and features national speakers. This program, along with others funded by the foundation, demonstrates its commitment to sustaining a vision of excellence in public library services in Durham County. Through resource development and investment management, the foundation continues to provide annual and capital funding that expands traditional library services and promotes education in the community.
This information is meant to be a general summary of Durham 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: $275,866
- Gross Receipts: $1,292,306
Assets and Liabilities:
- Total Assets: $4,869,415
- Total Liabilities: $2,376
- Net Assets: $4,867,039
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Organization Details
Founding Year
2000
Phone
(919) 886-6752Principal Officer
Leta R Loyd
Main Address
PO BOX 25246, DURHAM, NC, 27702
NTEE Category
Code: B117 - Education
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