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Jamestown Philomenian Library Foundation

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 814769485 ✦ Jamestown, RI ✦ Designated as a 501(c)(3)

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Overview

What is Jamestown Philomenian Library Foundation?

The Jamestown Philomenian Library Foundation is a nonprofit organization established with the primary purpose of assisting and supporting the Jamestown Philomenian Library. Its mission encompasses promoting and raising funds to meet the operational and capital needs of the library, ensuring its continuity and growth. By doing so, the foundation aims to contribute positively to the community and enhance the library's ability to provide essential services to its patrons.


Official website here: www.jamestownphilomenianlibrary.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 76% (Three-Star out of Four Star rating)

The Jamestown Philomenian Library Foundation holds a Three-Star rating with a score of 76%, indicating a strong performance in terms of accountability and finance. This rating is derived exclusively from one beacon score, which emphasizes the foundation's commitment to financial responsibility and transparency. The organization boasts a perfect score for having a majority of independent board members, ensuring diverse and unbiased governance.

Strengths of the foundation include an impressive Program Expense Ratio of 89.71%, showing that the majority of its expenditures are directed towards fulfilling its mission-related activities. Additionally, the foundation has demonstrated robust financial health, with a liabilities to assets ratio of 0.00%, which indicates that it has no debt relative to its assets. The foundation's commitment to transparency is further reflected in its practice of documenting board meeting minutes and maintaining a publicly accessible website.

While the overall score is positive, it is important to note that the rating is based solely on financial metrics, and there may be other aspects of the organization not captured in this evaluation. Nevertheless, the foundation's strong financial practices and governance structure suggest it is a reliable steward of its resources.


This AI summary has been generated from information found on Charity Navigator.

Is Jamestown Philomenian Library Foundation legitimate?

Jamestown Philomenian Library Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Jamestown Philomenian Library Foundation 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


Official website here: www.jamestownphilomenianlibrary.org

What is the mission statement of Jamestown Philomenian Library Foundation?

The Jamestown Philomenian Library Foundation is established with a mission to support and promote the Jamestown Philomenian Library. This involves fundraising efforts to meet both operational and capital needs of the library, contributing to its overall growth and sustainability. The foundation's primary role is to ensure the library continues to serve its community effectively. By raising funds, it helps to maintain the library's resources and infrastructure, ensuring it remains a valuable asset to the community.


Official website here: www.jamestownphilomenianlibrary.org

Who is the CEO of Jamestown Philomenian Library Foundation?

Peter Carson is the President/Director of Jamestown Philomenian Library Foundation.


Official website here: www.jamestownphilomenianlibrary.org

What is the revenue of Jamestown Philomenian Library Foundation?

Jamestown Philomenian Library Foundation's revenue in 2022 was $463,671.


Official website here: www.jamestownphilomenianlibrary.org

Who are the executives of Jamestown Philomenian Library Foundation and what are their salaries?


Here are 4 key members and their salaries:


Peter Carson (President/Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Edward Baldwin (Treasurer/Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Edward Gromada (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marianne Kirby (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.jamestownphilomenianlibrary.org

Where can I find the form 990 for Jamestown Philomenian Library Foundation?

Jamestown Philomenian Library Foundation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.jamestownphilomenianlibrary.org

Learn more at the official website: www.jamestownphilomenianlibrary.org

Mission Statement of Jamestown Philomenian Library Foundation

The Jamestown Philomenian Library Foundation is established with the primary objective of supporting and promoting the Jamestown Philomenian Library. This nonprofit organization is dedicated to raising funds to meet the operational and capital needs of the library, ensuring its continued growth and success. By doing so, the Jamestown Philomenian Library Foundation plays a crucial role in preserving and enhancing the library's resources and services, thereby contributing to the intellectual and cultural development of its community.

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Impact




July, 2024

The Jamestown Philomenian Library Foundation has had a significant impact on supporting and promoting the Jamestown Philomenian Library. Through fundraising efforts, the foundation has been able to provide crucial financial support for both operational and capital needs of the library. This assistance has ensured that the library can continue to serve the community by offering educational resources and programs. Overall, the foundation plays a vital role in sustaining the Jamestown Philomenian Library as a valuable educational asset for the residents of Jamestown, Rhode Island.




This information is meant to be a general summary of Jamestown Philomenian Library Foundation. 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.

Revenue
$463,671 (2022)
Expenses
$150,645 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $12,539
  • Gross Receipts: $463,671

Assets and Liabilities:

  • Total Assets: $1,745,981
  • Total Liabilities: $0
  • Net Assets: $1,745,981

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Organization Details

Founding Year

2016

Principal Officer

Peter Carson

Main Address

PO BOX 518, JAMESTOWN, RI, 028350518

NTEE Category

Code: B11 - Education

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