Overview
What is Friends Of The Library?
Friends of the Library is a dedicated nonprofit organization situated in Livingston, Montana. Its primary objective is to fundraise for the local public library, serving as the primary financial support due to the library's operating expenses primarily coming from county and city governments. Over the years, from 2000 to 2005, they successfully managed to raise an impressive sum of 1.8 million dollars for the library, thereby significantly contributing to its growth and development. The organization's mission is deeply rooted in the community, relying on its support to fulfill its noble cause.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (73%, Two-Star out of Four Star rating)
Friends Of The Library has received a Two-Star rating from Charity Navigator, indicating that the organization shows some strengths but also significant weaknesses in areas of accountability and finance. While the organization has a perfect score for independent board member participation and management of assets, they lack essential transparency measures, such as having a conflict of interest policy and a whistleblower policy, which affects their overall score negatively.
The organization has demonstrated strong financial health with a program expense ratio of nearly 99%, suggesting that a large majority of their resources are directed towards their programs. Additionally, their liabilities to assets ratio is commendable at 0.00%, indicating no significant debt. However, the absence of necessary disclosures on their website and tax forms raises concerns about their commitment to transparency and accountability.
While the organizational strengths lie in its governance structure and financial metrics, the lack of essential policies and disclosures could hinder trust and support from the community. Improving these aspects may help enhance their rating and, ultimately, their ability to serve the library community effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Friends Of The Library legitimate?
Friends Of The Library is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of The Library 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
For more financial information, click here
What is the mission statement of Friends Of The Library?
The organization known as Friends of the Library has a mission to support a local public library. They achieve this by raising funds from the community, serving as the primary financial resource for the library, whose operational expenses are primarily funded by the county and city governments. Since 2000-2005, Friends of the Library has successfully raised an impressive sum of 1.8 million dollars for the library's resources and programs. Their mission is instrumental in ensuring the library thrives and continues to offer essential services to the community.
Who is the CEO of Friends Of The Library?
Priscilla Dysart is the President of Friends Of The Library.
What is the revenue of Friends Of The Library?
Friends Of The Library's revenue in 2022 was $77,052.
Who are the executives of Friends Of The Library and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Friends Of The Library?
Friends Of The Library's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Friends Of The Library
Friends of the Library, a nonprofit organization, is dedicated to raising funds for the local public library in Montana. Their primary objective is to supplement the library's operating expenses, as the majority of its funding comes from the county and city governments. Over the past decade, from 2000 to 2005, Friends of the Library has made significant contributions to the library, managing to raise an impressive 1.8 million dollars for its resources and services. This financial support allows the library to continue providing vital information and resources to its community, fostering a love for learning and knowledge among its patrons.
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Impact
August, 2024
Friends Of The Library has a significant impact on the local public library in Livingston, Montana. Since 2000-2005, they have successfully raised 1.8 million dollars to support the library's operations and services. This funding plays a crucial role as the primary source of operating expenses for the library, which relies on contributions from the county and city governments. Friends Of The Library's efforts directly contribute to enhancing educational resources and opportunities available to the community in Livingston, ultimately enriching the lives of residents through improved access to knowledge and learning.
This information is meant to be a general summary of Friends Of The Library. 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: $1,073
- Gross Receipts: $77,052
Assets and Liabilities:
- Total Assets: $165,738
- Total Liabilities: $0
- Net Assets: $165,738
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Organization Details
Founding Year
1980
Phone
(406) 224-0827Principal Officer
Priscilla Dysart
Main Address
PO BOX 2072, LIVINGSTON, MT, 59047
NTEE Category
Code: B70 - Education
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