Overview
What is Library Foundation Of Lampasas Texas?
The Library Foundation of Lampasas Texas is a nonprofit organization situated in Lampasas, Texas, with an address at 201 S MAIN. Its primary mission is to promote education in Lampasas County by raising funds for the local public library. The foundation achieves this goal through contributions and membership fees, which are used to purchase books and other resources for the library. Additionally, the organization is actively involved in funding the expansion of the library building, including the development of a reading park.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Zero Stars (33%)
The Library Foundation of Lampasas Texas has received a Zero-Star out of Four Star rating from Charity Navigator, reflecting significant concerns in its accountability and financial practices. With an overall score of 33%, the foundation excels in having a fully independent board, but falls short in several key areas related to transparency and governance, such as missing essential policies and documentation on its website.
Strengths include a complete independent board structure and no reported asset diversion, indicating a level of integrity in its governance. However, critical weaknesses include the absence of vital policies like conflict of interest and whistleblower protections, which are essential for maintaining the trust of donors and the community. Additionally, the foundation's program expense ratio is notably low, suggesting limited financial resources allocated toward its core mission.
Overall, the rating highlights a pressing need for improvements in transparency and financial management. To enhance its standing and effectiveness, the Library Foundation of Lampasas Texas should prioritize the establishment of necessary policies and make financial documents readily accessible to the public.
This AI summary has been generated from information found on Charity Navigator.
Is Library Foundation Of Lampasas Texas legitimate?
Library Foundation Of Lampasas Texas is a legitimate nonprofit organization registered as a 501(c)(3) entity. Library Foundation Of Lampasas Texas 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 Library Foundation Of Lampasas Texas?
The Library Foundation of Lampasas Texas is dedicated to advancing education in the county by raising funds. These funds are intended for the Lampasas Public Library, serving to enhance its resources and facilities. Specifically, the foundation raises money through contributions and membership fees, using the funds to purchase books and other items for the library. Furthermore, the foundation is actively engaged in fundraising efforts for the expansion of the library building, including the development of a reading park.
Who is the CEO of Library Foundation Of Lampasas Texas?
Jennifer Walker is the Treasurer of Library Foundation Of Lampasas Texas.
What is the revenue of Library Foundation Of Lampasas Texas?
Library Foundation Of Lampasas Texas's revenue in 2022 was $63,659.
Who are the executives of Library Foundation Of Lampasas Texas and what are their salaries?
There 12 volunteers at Library Foundation Of Lampasas Texas.
Here are 13 key members and their salaries:
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Where can I find the form 990 for Library Foundation Of Lampasas Texas?
Library Foundation Of Lampasas Texas's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Library Foundation Of Lampasas Texas
The Library Foundation of Lampasas Texas is dedicated to advancing education in Lampasas County by serving as a fundraising entity for the local public library. Its mission is to raise funds, primarily through contributions and membership fees, which are then utilized to enrich the library's collection with books and other resources. Additionally, this organization plays a pivotal role in fundraising for the expansion of the library building, including the creation of a reading park. By supporting the Lampasas Public Library in this manner, the Library Foundation of Lampasas Texas contributes significantly to the educational growth and development of the community.
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Impact
August, 2024
The Library Foundation Of Lampasas Texas has a significant impact on the advancement of education in Lampasas County. By raising funds through contributions and membership fees, the foundation is able to purchase books and other items for the Lampasas Public Library. Additionally, the foundation is involved in raising funds for the library building expansion, which includes a reading park. Through these efforts, the foundation plays a crucial role in supporting education and literacy in Lampasas County, ultimately benefiting the local community.
This information is meant to be a general summary of Library Foundation Of Lampasas Texas. 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: $101
- Gross Receipts: $63,659
Assets and Liabilities:
- Total Assets: $182,429
- Total Liabilities: $0
- Net Assets: $182,429
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Organization Details
Founding Year
2001
Phone
(512) 556-3251Principal Officer
Jennifer Walker
Main Address
201 S MAIN, LAMPASAS, TX, 76550
NTEE Category
Code: B11 - Education
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