Overview
What is Butt-Holdsworth Memorial Library Endowment Fund?
The Butt-Holdsworth Memorial Library Endowment Fund is a nonprofit organization that is dedicated to supporting the Butt-Holdsworth Memorial Library, situated in Kerrville, Texas. Operating within the realm of libraries and library science, its primary mission is to contribute to the library's activities. By doing so, it plays a crucial role in enriching the community with educational resources and opportunities. The endowment fund's purpose is to uphold the library's mission and ensure its continued success within the field of libraries and library science.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Zero-Star out of Four Star rating.
The Butt-Holdsworth Memorial Library Endowment Fund has received a concerning zero-star rating from Charity Navigator, reflecting an overall score of just 40%. While the organization demonstrates some strengths in governance, such as having a majority of independent board members and a solid conflict of interest policy, it shows significant weaknesses in its financial accountability, including a program expense ratio of 0.00%. This indicates that no funds are currently being allocated to programs, which raises questions about the organization's operational effectiveness.
User feedback from Great Nonprofits paints a more positive picture, highlighting the dedication of individuals like Mary Lee Gowland, who contributed significantly to community programs and creative writing initiatives before her passing. Her involvement with various local educational and cultural activities reflects the library's role in fostering community engagement and support for the arts.
Despite this commendable community impact, the stark financial indicators and low rating from Charity Navigator suggest that potential donors should approach their support with caution, as the current lack of program funding may hinder the organization’s ability to achieve its mission effectively.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Butt-Holdsworth Memorial Library Endowment Fund legitimate?
Butt-Holdsworth Memorial Library Endowment Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Butt-Holdsworth Memorial Library Endowment Fund 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 Butt-Holdsworth Memorial Library Endowment Fund?
The Butt-Holdsworth Memorial Library Endowment Fund is dedicated to supporting its namesake library's mission. Operating within the realm of libraries and library science, the endowment fund aims to uphold the library's objectives. Its primary role is to provide financial assistance, thereby contributing to the library's continued operation and growth. The endowment fund's mission is not explicitly stated, but its support of the library suggests a commitment to promoting knowledge, education, and community engagement through library services.
Who is the CEO of Butt-Holdsworth Memorial Library Endowment Fund?
Unavailable
What is the revenue of Butt-Holdsworth Memorial Library Endowment Fund?
Butt-Holdsworth Memorial Library Endowment Fund's revenue in 2022 was $34,387.
Who are the executives of Butt-Holdsworth Memorial Library Endowment Fund and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for Butt-Holdsworth Memorial Library Endowment Fund?
Butt-Holdsworth Memorial Library Endowment Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Butt-Holdsworth Memorial Library Endowment Fund
The Butt-Holdsworth Memorial Library Endowment Fund, established within the realm of libraries and library science, is committed to upholding and advancing the Butt-Holdsworth Memorial Library's mission. This nonprofit organization's primary objective is to provide unwavering support to the library, ensuring its continued operation and growth. By doing so, the Endowment Fund contributes to the community's access to knowledge and fosters a love for learning. The organization's mission is fundamental in preserving the library's legacy and ensuring it remains a valuable resource for generations to come.
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Impact
October, 2024
The Butt-Holdsworth Memorial Library Endowment Fund positively impacts the community by enhancing the resources and services of the Butt-Holdsworth Memorial Library in Kerrville, TX. By providing essential financial support, the fund enables the library to expand its collection, improve facilities, and offer educational programs that cater to a diverse audience.
Through this support, the endowment fosters a love for learning and literacy, contributing to the personal and educational growth of residents. The fund also plays a critical role in ensuring the library can adapt to changing technological needs, allowing patrons to access digital resources and modern services. Ultimately, the Butt-Holdsworth Memorial Library Endowment Fund strengthens the library's ability to serve as a vital community hub for education, information, and cultural engagement.
This information is meant to be a general summary of Butt-Holdsworth Memorial Library Endowment Fund. 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: $34,387
- Gross Receipts: $148,158
Assets and Liabilities:
- Total Assets: $1,298,296
- Total Liabilities: $0
- Net Assets: $1,298,296
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Organization Details
Founding Year
1989
Phone
(830) 257-8000Main Address
701 MAIN STREET, KERRVILLE, TX, 78028
NTEE Category
Code: B70I - Education
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