Overview
What is Fairfield Bay Library Inc?
Fairfield Bay Library Inc is a community-focused nonprofit organization situated in Fairfield Bay. They offer essential library services, relying on volunteers for operation, with the exception of a full-time Library Director. Their resource-rich collection comprises approximately 18,000 books, CDs, DVDs, and e-books, catering to various preferences and needs. The primary mission of Fairfield Bay Library Inc is to enrich its community by providing these resources, fostering a love for knowledge and learning.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Star Rating (Needs Improvement)
Fairfield Bay Library Inc has received a Two-Star rating from Charity Navigator, indicating a need for improvement despite scoring 73% overall. The organization excels in several key areas, achieving a perfect 100% in Accountability & Finance, which reflects strong oversight and management practices. The board is fully independent and effectively documents meeting minutes, contributing positively to its governance.
However, the library has notable weaknesses that impact its overall rating. It lacks essential policies such as a Conflict of Interest Policy, Whistleblower Policy, and Document Retention and Destruction Policy, all of which received zero points. Additionally, the absence of a posted tax form and a website listing for its tax forms raises concerns about transparency and accessibility of information for stakeholders.
In summary, while Fairfield Bay Library Inc demonstrates solid financial accountability, it faces challenges in governance policies that could enhance its credibility and operational effectiveness. Addressing these areas could significantly improve its rating and service to the community.
This AI summary has been generated from information found on Charity Navigator.
Is Fairfield Bay Library Inc legitimate?
Fairfield Bay Library Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fairfield Bay Library 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: $34,400
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Fairfield Bay Library Inc?
Fairfield Bay Library Inc, as a community-serving organization, is dedicated to providing library services. It accomplishes this mission by maintaining a collection of approximately 18,000 books, CDs, DVDs, and e-books. The library operates with the assistance of volunteers, with the exception of a full-time Library Director. The primary goal of Fairfield Bay Library Inc is to cater to the informational and entertainment needs of the community, fostering an environment that promotes learning and enjoyment through its resources.
Who is the CEO of Fairfield Bay Library Inc?
Karen Tangen is the Director of Fairfield Bay Library Inc.
What is the revenue of Fairfield Bay Library Inc?
Fairfield Bay Library Inc's revenue in 2022 was $71,708.
Who are the executives of Fairfield Bay Library Inc and what are their salaries?
The average compensation at Fairfield Bay Library Inc during 2022 was $34,400. There is 1 employee and 40 volunteers at Fairfield Bay Library Inc.
Here are 8 key members and their salaries:
- Compensation: $37,400
- Related: $0
- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Fairfield Bay Library Inc?
Fairfield Bay Library Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Fairfield Bay Library Inc
Fairfield Bay Library Inc, a community-focused organization, is dedicated to delivering library services. Its mission is to cater to the needs of the community by providing a vast collection of resources. The library boasts an inventory of approximately 18,000 books, CDs, DVDs, and e-books, ensuring a wealth of knowledge and entertainment options for its patrons. The library is not solely reliant on paid staff; it also leverages the efforts of volunteers, with a full-time Library Director as the exception. This collaborative approach allows Fairfield Bay Library Inc to deliver its services effectively to its community.
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Impact
August, 2024
Fairfield Bay Library Inc's impact can be seen in the way it serves the community through its library services. By offering access to a collection of around 18,000 books, CDs, DVDs, and e-books, the library plays a crucial role in promoting literacy and education in Fairfield Bay, AR. The dedication of volunteers, alongside the full-time Library Director, ensures that the community has a valuable resource for learning and personal enrichment. Additionally, by focusing on the arts with its tag, the library contributes to the cultural development of the community, making it a hub for creativity and knowledge-sharing.
This information is meant to be a general summary of Fairfield Bay Library 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: $12,580
- Program Service Revenue: $5,399
- Gross Receipts: $100,509
Assets and Liabilities:
- Total Assets: $788,946
- Total Liabilities: $870
- Net Assets: $788,076
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Fines, Copier, Computer use
Revenue
$2,710
Book Sales
Revenue
$2,689
Organization Details
Founding Year
1972
Phone
(501) 884-4930Principal Officer
Karen Tangen
Main Address
369 Dave Creek Pkwy, Fairfield Bay, AR, 72088
NTEE Category
Code: A76Z - Arts
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