Overview
What is Colorado Library Consortium?
The Colorado Library Consortium is a nonprofit organization situated in Centennial, Colorado. Its primary function involves facilitating cooperative purchases for electronic resources and databases, which are licensed statewide and made accessible to various public, academic, and school communities. This collaborative initiative saves participating libraries and institutions over $16 million compared to retail prices for such electronic resources and databases. The consortium's mission is to connect, energize, and inspire services for libraries across Colorado, acting as an innovative, collaborative organization that empowers libraries and library staff to better serve their patrons. With a dedicated workforce of 18 employees, the Colorado Library Consortium plays a crucial role in enhancing library services and resources in the state.
Official website here: www.clicweb.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90% (Four-Star out of Four Star rating)
The Colorado Library Consortium has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. This high score indicates that the organization demonstrates transparency and responsible financial management, which is crucial for building trust with donors and stakeholders.
One of the significant strengths of the Colorado Library Consortium is its governance structure, with a fully independent board comprising eight members. The organization has put in place comprehensive policies, including conflict of interest and whistleblower policies, which further enhance its commitment to ethical practices. Additionally, the program expense ratio of over 78% suggests that a substantial portion of its resources is directed toward fulfilling its mission.
However, while the organization exhibits strong financial practices, its liabilities to assets ratio of 58.01% may raise slight concerns regarding its financial health. Although this is not uncommon for nonprofits, it highlights the importance of ongoing monitoring and management of financial obligations to ensure sustainability in the long term. Overall, the Colorado Library Consortium is well-regarded for its operational integrity and commitment to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Colorado Library Consortium legitimate?
Colorado Library Consortium is a legitimate nonprofit organization registered as a 501(c)(3) entity. Colorado Library Consortium 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: $153,679
Professional Fundraising Fees: $0
Other Salaries and Wages: $843,466
For more financial information, click here
Official website here: www.clicweb.org
What is the mission statement of Colorado Library Consortium?
The Colorado Library Consortium is an innovative and collaborative organization, functioning in a manner that empowers libraries and their staff to serve their patrons more effectively. Its primary mission is to connect, energize, and inspire library services across Colorado. The consortium operates as a collaborative platform, facilitating cooperative purchases for electronic resources and databases, licensed by libraries statewide. These electronic resources and databases are delivered to various public, academic, and school communities. By participating in this program, libraries and institutions save more than $16 million compared to retail prices, a substantial advantage for resource allocation.
Official website here: www.clicweb.org
Who is the CEO of Colorado Library Consortium?
James Duncan is the Executive Director of Colorado Library Consortium.
Official website here: www.clicweb.org
What is the revenue of Colorado Library Consortium?
Colorado Library Consortium's revenue in 2022 was $6,300,081.
Official website here: www.clicweb.org
Who are the executives of Colorado Library Consortium and what are their salaries?
The average compensation at Colorado Library Consortium during 2022 was $55,397. There are 18 employees and 7 volunteers at Colorado Library Consortium.
Here are 8 key members and their salaries:
- Compensation: $101,921
- Related: $0
- Other: $40,590
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.clicweb.org
Where can I find the form 990 for Colorado Library Consortium?
Colorado Library Consortium's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.clicweb.org
Learn more at the official website: www.clicweb.org
Mission Statement of Colorado Library Consortium
The Colorado Library Consortium, a forward-thinking and collaborative organization, is committed to empowering libraries and library staff across Colorado. Its purpose is to connect, energize, and inspire services within the library community. As an innovative entity, the Consortium strives to enable libraries and their staff to serve their patrons more effectively. Through collaborative efforts, the Consortium facilitates shared purchases of electronic resources and databases, which are licensed by libraries statewide and delivered to various public, academic, and school communities. By doing so, the Consortium saves participating libraries and institutions more than $16 million compared to retail prices for such electronic resources and databases.
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Impact
July, 2024
The Colorado Library Consortium serves as a crucial resource for libraries across the state by facilitating cooperative purchases of electronic resources and databases. Through this effort, participating libraries and institutions collectively save over $16 million compared to retail prices. By providing access to these essential resources at a discounted rate, the Consortium enables libraries of all types to better serve their communities and patrons. This impact is evident in the increased access to information and educational materials made possible by the Consortium's collaborative approach to resource sharing.
This information is meant to be a general summary of Colorado Library Consortium. 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: $5,033
- Program Service Revenue: $5,293,048
- Gross Receipts: $6,300,081
Assets and Liabilities:
- Total Assets: $4,608,346
- Total Liabilities: $2,898,014
- Net Assets: $1,710,332
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
COOPERATIVE PROJECTS
Revenue
$2,692,882
COURIER INCOME
Revenue
$871,756
FLATIRONS LIBRARY CONS
Revenue
$577,790
CSL REIMBURSEMENTS
Revenue
$394,831
CSL SERVICES
Revenue
$368,495
Organization Details
Founding Year
1974
Phone
(303) 422-1150Principal Officer
James Duncan
Main Address
7400 EAST ARAPAHOE ROAD 75, CENTENNIAL, CO, 80112
Website
www.clicweb.orgIf you are a representative of Colorado Library Consortium and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.