Overview
What is Louisville Free Public Library Foundation Inc?
Louisville Free Public Library Foundation Inc is a charitable organization dedicated to enhancing the programs and services offered by the Louisville Free Public Library (LFPL). In fiscal year 2022, the foundation provided substantial support, amounting to nearly $929,547. This funding allowed LFPL to offer a wide range of free, year-round programs and resources at 17 library locations. These programs cater to various age groups, including early childhood education, test preparation for teens, adult book clubs, author events, and workshops on various topics. The foundation also facilitated immigrant services, such as citizenship study groups and English conversation clubs. During the same period, the foundation underwrote events like the How-To Festival, Summer Reading, and the "Books and Brews" adult winter reading program. Furthermore, patrons had free access to computers, internet, and online resources, including LinkedIn Learning and Treehouse. In FY22, the foundation raised funds to provide diverse books to over 32,000 toddlers and their caregivers, supported a literacy-themed orchestra performance for 1,500 children, and helped over 41,000 youth participate in the Summer Reading Program. Additionally, the foundation added over 16,000 eBooks and audiobooks to the LFPL collection, addressing the rising demand for digital resources. The foundation also engaged in advocacy efforts to inform the public about the library's resources and services.
Official website here: www.lfplfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 99% (Four-Star out of Four Star rating)
The Louisville Free Public Library Foundation Inc. has achieved a remarkable 99% rating from Charity Navigator, reflecting its strong commitment to accountability and financial transparency. This high score is derived entirely from its Accountability & Finance profile, indicating that the organization adheres to best practices in governance and resource management.
Key strengths of the foundation include a fully independent board of directors, outstanding financial oversight with no reported material diversion of assets, and a strong financial position characterized by low liabilities to assets. The foundation also excels in fundraising efficiency, demonstrating that it effectively utilizes donations to support its mission.
While the foundation shows excellent financial health and governance practices, it is important for potential donors to consider the organization's overall impact and mission alignment with their personal values. Overall, the Louisville Free Public Library Foundation Inc. is recognized as a well-managed and transparent organization, making it a favorable option for those looking to support library services in the Louisville area.
This AI summary has been generated from information found on Charity Navigator.
Is Louisville Free Public Library Foundation Inc legitimate?
Louisville Free Public Library Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Louisville Free 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: $111,039
Professional Fundraising Fees: $0
Other Salaries and Wages: $195,413
For more financial information, click here
Official website here: www.lfplfoundation.org
What is the mission statement of Louisville Free Public Library Foundation Inc?
The Louisville Free Public Library Foundation Inc's mission is centered around enhancing the programs and services offered by the Louisville Free Public Library. The foundation aims to support the library's year-round, free initiatives, which range from early childhood education programs to ACT/SAT preparation for teens, adult book discussions, author events, and short courses on various topics. The foundation also contributes to immigrant services, workforce development tools, and resources. In addition, it sponsors annual events such as the How-To Festival, Summer Reading, and the "Books and Brews" adult winter reading program. The library foundation provides free access to computers, internet, and online resources like LinkedIn Learning and Treehouse. In FY22, the library foundation raised funds to distribute diverse books, support literacy-themed orchestra performances, and enhance the summer reading program. The foundation also advocated for the library's resources and services to local elected officials and citizens.
Official website here: www.lfplfoundation.org
Who is the CEO of Louisville Free Public Library Foundation Inc?
Chandra Gordon is the Executive Di of Louisville Free Public Library Foundation Inc.
Official website here: www.lfplfoundation.org
What is the revenue of Louisville Free Public Library Foundation Inc?
Louisville Free Public Library Foundation Inc's revenue in 2022 was $1,410,462.
Official website here: www.lfplfoundation.org
Who are the executives of Louisville Free Public Library Foundation Inc and what are their salaries?
The average compensation at Louisville Free Public Library Foundation Inc during 2022 was $61,290. There are 5 employees and 29 volunteers at Louisville Free Public Library Foundation Inc.
Here are 24 key members and their salaries:
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Official website here: www.lfplfoundation.org
Where can I find the form 990 for Louisville Free Public Library Foundation Inc?
Louisville Free Public Library Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lfplfoundation.org
Learn more at the official website: www.lfplfoundation.org
Mission Statement of Louisville Free Public Library Foundation Inc
The Louisville Free Public Library Foundation Inc's mission is centered around enhancing the programs and services offered by the Louisville Free Public Library. This nonprofit organization aims to support the library in its mission of providing free, year-round programs and resources at 17 library locations. The foundation underwrites various programs, ranging from early childhood education initiatives like Storytime and the 1000 Books Before Kindergarten Challenge, to ACT/SAT preparation for teens, adult book discussion groups, author events, short courses on various topics, immigrant services, and workforce development tools.
In addition to these ongoing programs, the Louisville Free Public Library Foundation Inc also supports annual events such as the How-To Festival, Summer Reading, and the "Books and Brews" adult winter reading program. The foundation provides patrons with free access to computers, internet, and the library's online resources, which include educational platforms like LinkedIn Learning and Treehouse. The library foundation's initiatives also extend to gifting 40,000 diverse books to over 32,000 toddlers and their parents/caregivers, partnering with the Louisville Orchestra for literacy-themed orchestra performances, and supporting the summer reading program.
The foundation's mission is not limited to program support. It also engages in comprehensive advocacy, educating and informing elected officials, local citizens, and businesses about the resources and numerous free services offered at the library. This advocacy work is instrumental in ensuring the library's continued support and growth. In essence, the Louisville Free Public Library Foundation Inc plays a crucial role in enriching and expanding the offerings of the Louisville Free Public Library, thereby contributing to the educational and informational needs of the community.
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Impact
July, 2024
Louisville Free Public Library Foundation Inc's impact is significant in enhancing the programs and services of the Louisville Free Public Library (LFPL). In FY22, the Library Foundation provided $929,547 in direct program support for LFPL, which offers free, year-round programs and resources at 17 library locations. These programs range from early childhood education initiatives like storytime and the "1000 Books Before Kindergarten" challenge, to adult book discussion groups, author events, and workforce development tools.
With the support of the Library Foundation, LFPL was able to offer events such as the How-to Festival, Summer Reading program, and the "Books and Brews" adult winter reading program. Notably, the Foundation purchased and gave away 40,000 diverse-themed books to more than 32,000 toddlers and their parents/caregivers via Louisville's first Book Bike. They also underwrote the "Once Upon an Orchestra" program, a literacy-themed orchestra partnership that reached 1,500 children.
Furthermore, the Library Foundation supported the 2022 Summer Reading Program, engaging over 41,000 youth and surpassing pre-COVID reading goals. They added more than 16,000 ebooks/audiobooks to the LFPL collection in response to a 50% increase in digital resource demand. Additionally, the Foundation initiated comprehensive advocacy efforts to educate elected officials and local citizens about the valuable resources and services available at LFPL.
Overall, Louisville Free Public Library Foundation Inc plays a pivotal role in supporting educational initiatives and providing resources that benefit the community in Louisville, KY.
This information is meant to be a general summary of Louisville Free 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 2022.
- Investment Income: $552,222
- Gross Receipts: $1,410,462
Assets and Liabilities:
- Total Assets: $17,619,266
- Total Liabilities: $6,634,110
- Net Assets: $10,985,156
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Organization Details
Founding Year
1980
Phone
(502) 754-1702Principal Officer
Chandra Gordon
Main Address
301 YORK STREET, LOUISVILLE, KY, 402032257
Website
www.lfplfoundation.orgNTEE Category
Code: B70 - Education
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