Overview
What is Library Endowment Trust?
Library Endowment Trust (LET) is a nonprofit organization situated in Oklahoma City, Oklahoma. Its primary goal is to provide financial aid to the Metropolitan Library System (MLS) for their annual programming activities. Established with the purpose of encouraging charitable contributions and fundraising, the LET aims to enhance the libraries and meet future needs. The organization raises funds primarily through an annual campaign and an author dinner event, which are then granted to the MLS each year, with additional funds being used to increase the LET's assets.
Official website here: www.supportmls.org
Is Library Endowment Trust legitimate?
Library Endowment Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Library Endowment Trust 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.
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Official website here: www.supportmls.org
What is the mission statement of Library Endowment Trust?
The Library Endowment Trust (LET) is an organization established with the mission to facilitate charitable contributions towards libraries and enhance their resources for future needs. Its primary objective is to raise funds through annual campaigns and author dinner events, which are then used to grant money to the Metropolitan Library System (MLS) annually. The funds provided by LET aid the library in its yearly programming, aiming to support and improve library services and facilities.
Official website here: www.supportmls.org
What is the revenue of Library Endowment Trust?
Library Endowment Trust's revenue in 2024 was $927,155.
Official website here: www.supportmls.org
Who are the executives of Library Endowment Trust and what are their salaries?
There 19 volunteers at Library Endowment Trust.
Here are 19 key members and their salaries:
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Official website here: www.supportmls.org
Where can I find the form 990 for Library Endowment Trust?
Library Endowment Trust's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.supportmls.org
Learn more at the official website: www.supportmls.org
Mission Statement of Library Endowment Trust
The Library Endowment Trust, a charitable organization, was established with a mission to facilitate donations for the betterment of libraries. Its primary objective is to support the Metropolitan Library System (MLS) by raising funds through annual campaigns and author dinner events. The funds collected are utilized in several ways. Each year, a portion of the money is granted to the MLS to bolster its programming efforts. Additionally, the Trust works towards increasing its own asset base, thereby ensuring a steady source of financial aid for future library needs. By contributing to the Library Endowment Trust, donors play a significant role in enhancing the library services and ensuring their continued growth and relevance in the community.
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Impact
October, 2024
The Library Endowment Trust significantly enhances the resources and programming of the Metropolitan Library System in Oklahoma City. By facilitating charitable contributions from the community, it raises funds essential for meeting the evolving needs of local libraries. Each year, the Trust allocates grant dollars directly to the Metropolitan Library System, which supports various programs that enrich educational opportunities and community engagement.
Through its annual fundraising campaigns and signature events like the author dinner, the Trust not only increases its financial assets but also fosters a culture of philanthropy. This sustained financial support allows the libraries to innovate and expand their services, ensuring that they remain valuable resources for education and lifelong learning in the community. The impact of the Library Endowment Trust is evident in the enhanced access to information, learning programs, and community initiatives it enables, thus significantly contributing to the educational landscape of Oklahoma City.
This information is meant to be a general summary of Library Endowment Trust. 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.
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This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $273,989
- Gross Receipts: $1,104,441
Assets and Liabilities:
- Total Assets: $5,986,255
- Total Liabilities: $1,526
- Net Assets: $5,984,729
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Organization Details
Founding Year
1986
Principal Officer
Ruseal Brewer
Website
www.supportmls.orgNTEE Category
Code: B117 - Education
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