Overview
What is Olney Community Library Inc?
Olney Community Library Inc is a vital nonprofit institution located at 807 West Hamilton Street, Olney, Texas 76374. As a central hub for learning and community engagement, it circulates an extensive collection of books, videos, audio CDs, and cassettes, with a total of 42,004 items. The library attracts a significant number of users, with 566 individuals utilizing its computers annually. The library also offers a spacious meeting room, which is utilized 84 times by 1,788 people, fostering community gatherings and events. The library's mission is to provide resources for learning, enrichment, and recreation for the entire community, including public, school, and preschool populations. It actively supports learning endeavors within the community and initiates programs to optimize the use of its central deposit resources.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning a Two-Star out of Four Star rating. This rating indicates a moderate level of accountability and financial performance for Olney Community Library Inc. While the organization excels in areas such as having a fully independent board and a strong program expense ratio, it falls short in critical governance policies and transparency measures.
The library's strengths include a commendable accountability score, with perfect scores in categories assessing board independence and financial health. The absence of liabilities and a robust program expense ratio of 100% suggest that funds are being directed effectively towards its mission. However, these positives are overshadowed by several governance deficiencies that raise concerns about operational transparency.
Key limitations include missing conflict of interest and whistleblower policies, as well as the absence of important documentation on their website, such as tax forms. These gaps may hinder stakeholders' ability to fully assess the organization's practices. Moving forward, addressing these governance issues could enhance both accountability and public trust in Olney Community Library Inc.
This AI summary has been generated from information found on Charity Navigator.
Is Olney Community Library Inc legitimate?
Olney Community Library Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Olney Community 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $164,753
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What is the mission statement of Olney Community Library Inc?
The mission of Olney Community Library Inc. is to serve the entire community, including public, school, and preschool individuals, by providing a central repository for learning materials, resources for enrichment, and recreational, vocational, and cultural activities. The library actively supports various learning endeavors within the community, initiates programs to maximize the use of the central deposit resources, and remains vigilant towards potential service opportunities and learning needs within the community.
Who is the CEO of Olney Community Library Inc?
Phil Jeske is the President of Olney Community Library Inc.
What is the revenue of Olney Community Library Inc?
Olney Community Library Inc's revenue in 2023 was $465,082.
Who are the executives of Olney Community Library Inc and what are their salaries?
Here are 10 key members and their salaries:
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Where can I find the form 990 for Olney Community Library Inc?
Olney Community Library Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Olney Community Library Inc
Olney Community Library Inc, a central institution for the community, is committed to serving the public, school, and preschool populations. Its primary mission is to function as a depository for a diverse range of learning, enrichment, recreational, vocational, and cultural resources. The library actively supports various learning endeavors within the community, seeking out opportunities to expand its services and maximize the use of its resources. It proactively initiates programs that encourage the community's engagement with these resources, recognizing the potential for growth and learning within its boundaries.
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Impact
July, 2024
Olney Community Library Inc is making a significant impact in the community by serving as a central depository for materials for learning, enrichment, and recreational, vocational, and cultural aspects. With over 42,004 books, video and audio CDs, and cassettes circulated, the library is actively supporting the educational needs of the public, school, and preschool populations. Additionally, the 566 computers available for public use demonstrate a commitment to providing access to technology and information resources.
The library's meeting room, which has been used 84 times by 1,788 people, serves as a hub for community engagement and collaboration. By initiating programs that maximize the use of resources and actively supporting learning endeavors within the community, Olney Community Library Inc is fulfilling its mission to provide a vital educational and cultural resource for all residents.
Through its dedication to education and community service, Olney Community Library Inc is playing a crucial role in fostering learning, enrichment, and cultural development in the area.
This information is meant to be a general summary of Olney Community 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 2023.
- Investment Income: $10,144
- Program Service Revenue: $3,477
- Gross Receipts: $465,082
Assets and Liabilities:
- Total Assets: $533,753
- Total Liabilities: $0
- Net Assets: $533,753
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EQUIPMENT USAGE CHARGE
Revenue
$1,710
BOOK AND VIDEO FINES
Revenue
$119
Organization Details
Founding Year
1974
Phone
(940) 564-5513Principal Officer
Phil Jeske
Main Address
807 WEST HAMILTON STREET, OLNEY, TX, 76374
NTEE Category
Code: B71Z - Education
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