Overview
What is Simpson County Library District?
Simpson County Library District, situated in Franklin, Kentucky, is a dedicated nonprofit organization. Their primary mission is to serve the community by offering a free public library to the residents of Franklin and Simpson County. This includes providing a bookmobile service, making a variety of reading materials readily available to the public. With a team of 13 dedicated individuals, they strive to foster a love for reading and knowledge among their community members.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Star Rating)
Simpson County Library District has earned a Three-Star rating from Charity Navigator, reflecting a score of 82% based entirely on its Accountability & Finance performance. This score indicates a solid level of financial health and transparency, which is critical for instilling donor confidence. The library achieved full marks for its independent board structure and financial oversight, showcasing a commitment to governance and ethical practices.
The organization demonstrates strong financial management, with an impressive program expense ratio of 89.92%, indicating that a significant majority of its funds are directed towards its programs rather than administrative costs. Additionally, the library has policies in place for conflict of interest, whistleblower protections, and document retention, all of which contribute to its robust accountability framework.
However, the library's liabilities to assets ratio of 66.58% raises some concerns, as this suggests a higher level of liabilities relative to its assets compared to best practices. While this score is a point of attention, the overall financial health indicated by other metrics remains commendable. Overall, the Simpson County Library District is well-positioned in terms of governance and financial accountability, although it may need to address its liabilities for long-term sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Simpson County Library District legitimate?
Simpson County Library District is a legitimate nonprofit organization registered as a 501(c)(3) entity. Simpson County Library District 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $282,076
For more financial information, click here
What is the mission statement of Simpson County Library District?
The Simpson County Library District's mission is centered around providing a free public library service to the residents of Franklin and Simpson County, Kentucky. The organization's primary goal is to offer a Bookmobile service and a variety of reading materials to the community. By doing so, the library district aims to contribute to the intellectual growth and entertainment of its patrons, fostering a love for reading and knowledge.
Who is the CEO of Simpson County Library District?
Sam Starks is the Chairman of Simpson County Library District.
What is the revenue of Simpson County Library District?
Simpson County Library District's revenue in 2023 was $1,217,486.
Who are the executives of Simpson County Library District and what are their salaries?
The average compensation at Simpson County Library District during 2023 was $21,698. There are 13 employees and 20 volunteers at Simpson County Library District.
Here are 5 key members and their salaries:
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Where can I find the form 990 for Simpson County Library District?
Simpson County Library District's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Simpson County Library District
The Simpson County Library District, a notable organization, is committed to serving the community of Franklin and Simpson County, Kentucky, by providing a complimentary public library. Their primary mission is to offer a wide array of reading materials, including books, to the general public, thereby promoting literacy and knowledge. Furthermore, the library district provides a Bookmobile service, which extends their reach to various parts of the community, ensuring that the resources are accessible to all citizens.
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Impact
July, 2024
The Simpson County Library District plays a vital role in providing access to free public library services to the citizens of Franklin and Simpson County, KY. By offering books, bookmobile services, and other reading materials to the community, the library district actively contributes to the education and enrichment of individuals of all ages. Through its mission of promoting literacy and learning, the library district has a significant impact on the intellectual development and overall quality of life of the residents it serves.
This information is meant to be a general summary of Simpson County Library District. 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: $27,540
- Program Service Revenue: $9,970
- Gross Receipts: $1,217,486
Assets and Liabilities:
- Total Assets: $8,463,866
- Total Liabilities: $5,635,826
- Net Assets: $2,828,040
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
OVERDUE FINES
Revenue
$2,144
PHOTO COPIES
Revenue
$6,335
FAX FEES AND MOVIES
Revenue
$1,491
Organization Details
Founding Year
1947
Phone
(270) 586-8397Principal Officer
Sam Starks
Main Address
203 SOUTH MAIN STREET, FRANKLIN, KY, 42134
NTEE Category
Code: B700 - Education
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