Overview
What is Washington Co Library Foundation Inc?
Washington Co Library Foundation Inc is a nonprofit organization, headquartered in Chatom, Alabama, that primarily serves to support Washington County Public Library. The foundation accepts contributions, bequests, and endowments, managing these funds to aid the library in furthering its public mission. As a 509(a)(2) supporting organization, the foundation's primary role is to contribute to the library's exempt purpose, ensuring the continued development and growth of the community's literary resources and services.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73% (Two-Star out of Four Stars)
The Washington Co Library Foundation Inc holds a Two-Star rating from Charity Navigator, indicating a moderate level of accountability and financial health. The organization has an impressive score of 10 out of 10 for independent board members and board size, which reflects strong governance. Additionally, it performs well in areas such as material diversion of assets and program expense ratio, suggesting that funds are primarily allocated towards fulfilling its mission.
However, there are notable weaknesses in its policies and transparency. The foundation scored poorly in areas such as conflict of interest, whistleblower, and document retention policies, each receiving a score of zero out of seven points. Furthermore, the organization lacks transparency regarding its tax documents, with no tax forms posted on its website. These shortcomings may raise concerns for potential donors about the foundation's operational practices.
Overall, while the Washington Co Library Foundation Inc demonstrates solid governance and program expenditure, improvements in policy development and transparency are essential for enhancing its accountability and fostering donor trust.
This AI summary has been generated from information found on Charity Navigator.
Is Washington Co Library Foundation Inc legitimate?
Washington Co Library Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Washington Co 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Washington Co Library Foundation Inc?
The Washington Co Library Foundation Inc serves as a supporting organization, specifically for Washington County Public Library, as per IRC Section 509(a)(2). Its primary mission is to manage funds received through bequests, endowments, and contributions. These funds are then distributed to the supported library, with the aim of furthering its exempt purpose. The foundation's role is instrumental in enhancing the library's capacity to fulfill its public-supported objectives.
Who is the CEO of Washington Co Library Foundation Inc?
Ashli Page is the Director of Washington Co Library Foundation Inc.
What is the revenue of Washington Co Library Foundation Inc?
Washington Co Library Foundation Inc's revenue in 2022 was $62,350.
Who are the executives of Washington Co Library Foundation Inc and what are their salaries?
There 5 volunteers at Washington Co Library Foundation Inc.
Here are 5 key members and their salaries:
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Where can I find the form 990 for Washington Co Library Foundation Inc?
Washington Co Library Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Washington Co Library Foundation Inc
Washington County Library Foundation Inc, as per its exempt purpose, is primarily established to serve as a supporting organization to Washington County Public Library. This role is defined under IRC Section 509(a)(2). In essence, the foundation's mission is to bolster the activities of Washington County Public Library, a publicly-supported organization, by accepting bequests, endowments, and contributions. The foundation then manages these funds meticulously, ensuring their appropriate distribution to further the library's exempt purpose. This strategic partnership between the foundation and the library aims to enhance the library's capacity to serve its community effectively.
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Impact
October, 2024
Washington Co Library Foundation Inc significantly enhances the educational resources and services provided by the Washington County Public Library. By accepting bequests, endowments, and contributions, the organization effectively mobilizes financial support that directly benefits the library's programs and initiatives. The management of these funds ensures that financial resources are allocated efficiently to meet community needs, fostering a rich environment for learning and personal development.
The foundation's impact extends to various educational activities, helping to expand access to books, technology, and information services. Through its efforts, the organization bolsters the library's mission to provide comprehensive educational opportunities, enrich cultural experiences, and promote lifelong learning in the Chatom, Alabama community. In doing so, it strengthens the library's role as a vital hub for knowledge and growth, supporting the overall educational landscape of the region.
This information is meant to be a general summary of Washington Co 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: $53,514
- Gross Receipts: $126,824
Assets and Liabilities:
- Total Assets: $1,387,055
- Total Liabilities: $0
- Net Assets: $1,387,055
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Organization Details
Founding Year
1994
Phone
(251) 847-2097Principal Officer
Ashli Page
Main Address
P O Box 1057, Chatom, AL, 36518
NTEE Category
Code: B117 - Education
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