Overview
What is Friends Of The Metropolitan Library System?
Friends of the Metropolitan Library System is a nonprofit organization based in Oklahoma City, Oklahoma. Their primary aim is to support and fundraise for the Metropolitan Library System, enhancing its services and programs. This is achieved through book sales and an Amazon Storefront, with the proceeds distributed as grants. Their mission extends beyond financial support, also aiming to promote literacy within the community and raise awareness for the library system. The organization operates under the name "Friends of the Metropolitan Library System" in Oklahoma County.
Official website here: www.supportmls.org/fol
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star Rating)
Friends Of The Metropolitan Library System has received an overall score of 81% from Charity Navigator, primarily based on its accountability and finance practices. This rating signifies that the organization meets a reasonable standard for financial health and governance, which is reflected in its 100% score for having an independent board and no material diversion of assets.
The nonprofit demonstrates strong financial management, with a program expense ratio of 77.09%, indicating that a significant portion of its funds is directed towards its mission-related activities. The organization also adheres to several best practices, such as having a conflict of interest policy, maintaining a whistleblower policy, and properly listing documents related to board meetings and tax forms on its website.
However, it is worth noting that the absence of a whistleblower policy may raise some concerns about transparency and ethical governance. Despite this limitation, the high scores in other accountability areas suggest that Friends Of The Metropolitan Library System is generally well-managed and committed to responsible operations.
This AI summary has been generated from information found on Charity Navigator.
Is Friends Of The Metropolitan Library System legitimate?
Friends Of The Metropolitan Library System is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of The Metropolitan Library System 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:
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For more financial information, click here
Official website here: www.supportmls.org/fol
What is the mission statement of Friends Of The Metropolitan Library System?
The mission of Friends Of The Metropolitan Library System is centered around raising funds and fostering awareness for the Metropolitan Library System. Their primary objective is to support the library system's mission, strengthen its capacity to improve services and programs, and promote literacy within the community. They achieve this through various means, including organizing book sales and operating an Amazon Storefront. The revenue generated from these activities is then channeled back to the library system through grants, as outlined in the attached list for the current year.
Official website here: www.supportmls.org/fol
Who is the CEO of Friends Of The Metropolitan Library System?
Elizabeth Garrison is the President of Friends Of The Metropolitan Library System.
Official website here: www.supportmls.org/fol
What is the revenue of Friends Of The Metropolitan Library System?
Friends Of The Metropolitan Library System's revenue in 2022 was $462,376.
Official website here: www.supportmls.org/fol
Who are the executives of Friends Of The Metropolitan Library System and what are their salaries?
There 800 volunteers at Friends Of The Metropolitan Library System.
Here are 21 key members and their salaries:
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Official website here: www.supportmls.org/fol
Where can I find the form 990 for Friends Of The Metropolitan Library System?
Friends Of The Metropolitan Library System's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.supportmls.org/fol
Learn more at the official website: www.supportmls.org/fol
Mission Statement of Friends Of The Metropolitan Library System
Friends of the Metropolitan Library System, as a nonprofit organization, is dedicated to raising funds and fostering awareness for the Metropolitan Library System. Their mission is twofold: firstly, to support the library system's mission by providing financial assistance and enhancing its capacity to improve services and programs. Secondly, they strive to promote literacy within their community. Through their book sales and Amazon Storefront, they generate funds which are then channeled back to the library system in the form of grants. This financial support enables the library system to further its initiatives and services, thereby contributing to the literacy and educational growth of their community.
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Impact
July, 2024
Friends Of The Metropolitan Library System's impact can be seen in its significant contributions towards raising funds and awareness for the Metropolitan Library System in Oklahoma City. By supporting the library's mission, enhancing its services and programs, and promoting literacy within the community, the Friends organization plays a crucial role in bolstering the resources available to the library. Through activities such as book sales and operating an Amazon Storefront, Friends raises money that is then given back to the Metropolitan Library System through grants. These grants help to fund various initiatives aimed at furthering the library's reach and impact. Overall, Friends Of The Metropolitan Library System actively works to strengthen the library's presence and effectiveness in serving the community.
This information is meant to be a general summary of Friends Of The Metropolitan Library System. 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: $675
- Program Service Revenue: $400,300
- Gross Receipts: $462,376
Assets and Liabilities:
- Total Assets: $746,978
- Total Liabilities: $18,694
- Net Assets: $728,284
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Book Sales
Revenue
$400,300
Organization Details
Founding Year
1978
Phone
(405) 606-3763Principal Officer
Elizabeth Garrison
Main Address
300 Park Ave, Oklahoma City, OK, 73102
Website
www.supportmls.org/folNTEE Category
Code: B71I - Education
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