Overview
What is Louisville Public Library Foundatio?
The Louisville Public Library Foundation is a 501(c)(3) nonprofit organization, deeply rooted in the community of Louisville, Colorado. Their mission is to enrich the community by raising funds to enhance the library's programs and services, serving both Louisville and Superior. Last year, they raised funds to replace books lost due to a fire, supported the summer reading program, and contributed to various community programs and literacy events at the library. One of their significant initiatives is the 'Read Baby' program, which provides board books to newborns and their parents, and sponsors story times at the library for young children.
Official website here: www.sites.google.com/view/louisvil
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three-Star out of Four Star rating)
The Louisville Public Library Foundation has achieved a Three-Star rating from Charity Navigator, reflecting a solid score of 83%. This rating is entirely based on its Accountability & Finance metrics, indicating a strong commitment to financial transparency and responsible management. The foundation's independent board is entirely composed of independent members, showcasing a commitment to governance and oversight.
Strengths highlighted in the evaluation include a favorable liabilities to assets ratio of 0.13%, indicating a robust financial position, as well as an impressive program expense ratio of 86.18%, which suggests that a significant portion of its expenditures directly supports its programming. The foundation also maintains comprehensive policies regarding conflicts of interest and retains appropriate documentation for board meetings, contributing positively to its governance practices.
However, the organization has a couple of areas for improvement. Notably, the foundation lacks a whistleblower policy and a document retention and destruction policy, which are essential for ensuring ethical accountability and safeguarding information. Addressing these gaps could enhance the foundation's overall governance framework.
This AI summary has been generated from information found on Charity Navigator.
Is Louisville Public Library Foundatio legitimate?
Louisville Public Library Foundatio is a legitimate nonprofit organization registered as a 501(c)(3) entity. Louisville Public Library Foundatio 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:
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Other Salaries and Wages: $0
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Official website here: www.sites.google.com/view/louisvil
What is the mission statement of Louisville Public Library Foundatio?
The Louisville Public Library Foundation, a 501(C)(3) non-profit organization, aims to enrich its community by raising funds to enhance the library's programs and services. Last year, they raised money to replace books lost due to the Marshall Fire, supported the summer reading program, and sponsored various community programs and literacy events at the library. Each year, the foundation raises funds to purchase books and other library materials, as well as supports high-impact programming. They also contribute to initiatives like the library's 'Read Baby' program, offering board books to newborns and their parents, and sponsor story times at the library for young children.
Official website here: www.sites.google.com/view/louisvil
Who is the CEO of Louisville Public Library Foundatio?
Lindsay Heger is the President of Louisville Public Library Foundatio.
Official website here: www.sites.google.com/view/louisvil
What is the revenue of Louisville Public Library Foundatio?
Louisville Public Library Foundatio's revenue in 2022 was $37,635.
Official website here: www.sites.google.com/view/louisvil
Who are the executives of Louisville Public Library Foundatio and what are their salaries?
There 8 volunteers at Louisville Public Library Foundatio.
Here are 4 key members and their salaries:
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Official website here: www.sites.google.com/view/louisvil
Where can I find the form 990 for Louisville Public Library Foundatio?
Louisville Public Library Foundatio's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sites.google.com/view/louisvil
Learn more at the official website: www.sites.google.com/view/louisvil
Mission Statement of Louisville Public Library Foundatio
The Louisville Public Library Foundation, a 501(c)(3) non-profit organization, serves its community by enriching it through fundraising efforts. Its mission is to bolster the Louisville Library's programs and services, ensuring they cater to various communities in Louisville and Superior. In the recent past, the Foundation has raised funds to replace books lost due to the Marshall Fire, support the summer reading program, and contribute to numerous community programs and literacy events at the library.
Moreover, the Foundation's annual activities include procurement of library materials and funding for high-impact programming. One of its notable initiatives is the Read Baby Program, which provides board books to newborns and their parents, fostering a love for reading from an early age. Additionally, the Foundation sponsors story times at the library for young children, encouraging literacy and learning in a fun and engaging manner. By supporting such programs, the Louisville Public Library Foundation plays a crucial role in promoting literacy and lifelong learning within its community.
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Impact
August, 2024
The Louisville Public Library Foundation's impact is significant in enriching the community by building support and raising funds to enhance the programs and services of the Louisville Library. They have raised money to replace books lost due to the Marshall Fire, support the Summer Reading Program, and various other community programs and literacy events at the library. Additionally, the foundation supplies library materials, funds the library's Read Baby program that offers board books to newborns and their parents, and sponsors story times for young children. Through their efforts, they have been able to support educational initiatives and promote literacy in the communities of Louisville and Superior.
This information is meant to be a general summary of Louisville Public Library Foundatio. 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: $6,065
- Gross Receipts: $37,635
Assets and Liabilities:
- Total Assets: $578,692
- Total Liabilities: $1,926
- Net Assets: $576,766
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Organization Details
Founding Year
1979
Principal Officer
Lindsay Heger
Main Address
951 SPRUCE ST, LOUISVILLE, CO, 80027
NTEE Category
Code: B82 - Education
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