Overview
What is Library Foundation Of Martin County?
The Library Foundation of Martin County, established in 1992, is a membership-driven nonprofit organization situated in Stuart, Florida. Its primary objective is to collect donations from individuals, businesses, and foundations to bolster and enhance the programs, services, and facilities of the Martin County Library System. An integral part of this mission includes organizing the annual Summer Reading Program for children and providing STEM and STEAM programming to stimulate their interest in science, technology, engineering, art, and mathematics. With a small team of two dedicated employees, the Library Foundation of Martin County plays a vital role in enriching the educational experiences of children in the community.
Official website here: www.libraryfoundationmc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star rating. This high score reflects the Library Foundation of Martin County's strong performance in Accountability & Finance, indicating a commitment to transparency and effective financial management. The foundation achieved full points in several categories, showcasing its dedication to maintaining a well-functioning governance structure.
The organization boasts a fully independent board with all members adhering to the highest standards of governance, which contributes to its strong score in fiscal responsibility. The foundation has also maintained healthy financial ratios, particularly a program expense ratio of 76.93%, demonstrating a significant commitment to funding its programs rather than administrative costs.
However, it's worth noting that the Library Foundation of Martin County is missing a whistleblower policy, which is an important aspect of accountability practices. Despite this limitation, the overall assessment highlights the foundation's solid financial standing and effective oversight, making it a trustworthy organization for potential donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Library Foundation Of Martin County?
100% of 6 reviewers on Facebook recommend the Library Foundation of Martin County. Here is a summary of their reviews:
Patrons express enthusiasm for the transformation of the library, noting its welcoming atmosphere and modern services. They appreciate that the library is not just a traditional space but has evolved into a dynamic, digital hub catering to diverse demographics. The feedback indicates that visitors, whether with or without children, find the library to be relevant and enriching, often leading to pleasant surprises in their experience.
Overall, the sentiment surrounding the Library Foundation is overwhelmingly positive, with users highlighting its ability to meet the needs of the community effectively. This suggests that the nonprofit is fulfilling its mission and making a significant impact on the residents of Martin County.
This AI summary has been generated from reviews found on Facebook.
Is Library Foundation Of Martin County legitimate?
Library Foundation Of Martin County is a legitimate nonprofit organization registered as a 501(c)(3) entity. Library Foundation Of Martin County 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: $103,792
Professional Fundraising Fees: $0
Other Salaries and Wages: $50,023
For more financial information, click here
Official website here: www.libraryfoundationmc.org
What is the mission statement of Library Foundation Of Martin County?
The Library Foundation of Martin County, established in 1992, is a membership-driven organization that seeks donations from individuals, businesses, and foundations to enhance and strengthen the programs, services, and facilities of the Martin County Library System. Its mission is to support and advance these library initiatives, contributing to the educational and informational needs of the community. The foundation is particularly dedicated to fostering youth development, as evident in its annual Summer Reading Program for children and its commitment to STEM and STEAM programming.
Official website here: www.libraryfoundationmc.org
Who is the CEO of Library Foundation Of Martin County?
Michael Kenny is the Chief Executive Officer of Library Foundation Of Martin County. The CEO's salary of Library Foundation Of Martin County is $103,792 and their total compensation is $103,792.
Official website here: www.libraryfoundationmc.org
What is the revenue of Library Foundation Of Martin County?
Library Foundation Of Martin County's revenue in 2022 was $1,448,095.
Official website here: www.libraryfoundationmc.org
Who are the executives of Library Foundation Of Martin County and what are their salaries?
The average compensation at Library Foundation Of Martin County during 2022 was $76,908. There are 2 employees and 12 volunteers at Library Foundation Of Martin County.
Here are 13 key members and their salaries (Library Foundation Of Martin County's CEO's salary is $103,792 and their total compensation is $103,792):
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Official website here: www.libraryfoundationmc.org
Where can I find the form 990 for Library Foundation Of Martin County?
Library Foundation Of Martin County's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.libraryfoundationmc.org
Learn more at the official website: www.libraryfoundationmc.org
Mission Statement of Library Foundation Of Martin County
The Library Foundation of Martin County, established in 1992, functions as a membership-driven organization. Its primary objective is to garner donations from individuals, businesses, and foundations, with the aim of bolstering and enhancing the programs, services, and facilities within the Martin County Library System. By doing so, the foundation plays a crucial role in supporting the library system's growth and development.
In addition to its financial support, the Library Foundation of Martin County is also committed to fostering educational programs for children. One of its key initiatives is the annual Summer Reading Program, which encourages young readers to engage with books and literature. Moreover, the foundation also promotes STEM and STEAM (Science, Technology, Engineering, Arts, and Mathematics) programming, providing children with opportunities to explore these subjects in an engaging and interactive manner. These initiatives aim to foster a love for learning and knowledge among the youth, thereby contributing to their overall development.
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Impact
July, 2024
The Library Foundation of Martin County has made a significant impact on the community by supporting and advancing the programs, services, and facilities of the Martin County Library System. Since its founding in 1992, the organization has played a crucial role in providing resources for youth programs such as the Annual Summer Reading Program for children and STEM and STEAM programming. Through its membership-based model and fundraising efforts from individuals, businesses, and foundations, the Library Foundation has been able to enhance educational opportunities and promote literacy in Martin County. Its dedication to fostering a love for reading and learning among the youth underscores its commitment to education and community development.
This information is meant to be a general summary of Library Foundation Of Martin County. 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: $131,446
- Gross Receipts: $1,448,095
Assets and Liabilities:
- Total Assets: $3,622,151
- Total Liabilities: $0
- Net Assets: $3,622,151
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Organization Details
Founding Year
1992
Principal Officer
Michael Kenny
Main Address
2351 SE MONTEREY ROAD, Stuart, FL, 34996
Website
www.libraryfoundationmc.orgNTEE Category
Code: B70J - Education
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