Overview
What is Libraries Of Montrose County Foundation?
The Libraries of Montrose County Foundation is a nonprofit organization situated in Montrose, Colorado. With a focus on community investments, the foundation encourages philanthropic contributions and initiatives to enrich the libraries of Montrose County. Their permanent book funds program serves as an endowment, providing ongoing additions to the libraries' permanent collections. By doing so, the foundation strives to ensure Montrose County residents have access to comprehensive resources and services that characterize outstanding libraries.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Star rating)
The Libraries Of Montrose County Foundation has achieved a commendable rating of 94% from Charity Navigator, indicating a strong performance in accountability and finance. This score is derived from a comprehensive evaluation that emphasizes the charity's governance practices and financial health, reflecting a well-managed organization.
One of the foundation's notable strengths is its commitment to transparency and independence, with 100% of the board members being independent. Additionally, the organization has established robust policies, such as a conflict of interest policy and a whistleblower policy, which enhances its credibility and operational integrity. The foundation also has demonstrated financial prudence, evidenced by a liabilities to assets ratio of 0.00% and a program expense ratio of 77.13%, suggesting that a significant portion of its funds directly supports its programs.
However, while the organization excels in financial accountability and governance, the summary does not provide insights into programmatic outcomes or community impact, which are also essential for a comprehensive evaluation of the charity's effectiveness. Overall, the Libraries Of Montrose County Foundation stands out for its strong financial practices and governance structure.
This AI summary has been generated from information found on Charity Navigator.
Is Libraries Of Montrose County Foundation legitimate?
Libraries Of Montrose County Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Libraries Of Montrose County 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
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What is the mission statement of Libraries Of Montrose County Foundation?
The Libraries of Montrose County Foundation's mission is to inspire community investments through charitable contributions and initiatives. Their primary goal is to ensure that the people of Montrose County have access to an abundance of resources, top-notch services, and comprehensive library facilities that meet high standards. To achieve this, they utilize gifts and initiatives to enhance the libraries' offerings. Notably, they have an endowment program known as the permanent book funds, which contributes to the expansion of the libraries' permanent collections.
Who is the CEO of Libraries Of Montrose County Foundation?
Paul Paladino is the President of Libraries Of Montrose County Foundation.
What is the revenue of Libraries Of Montrose County Foundation?
Libraries Of Montrose County Foundation's revenue in 2022 was $58,441.
Who are the executives of Libraries Of Montrose County Foundation and what are their salaries?
There 6 volunteers at Libraries Of Montrose County Foundation.
Here are 6 key members and their salaries:
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Where can I find the form 990 for Libraries Of Montrose County Foundation?
Libraries Of Montrose County Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Libraries Of Montrose County Foundation
The Libraries of Montrose County Foundation is dedicated to inspiring community investments by means of charitable contributions and initiatives. This nonprofit organization aims to guarantee that the people of Montrose County have access to an abundance of resources, services, and opportunities that are commensurate with outstanding libraries. By fostering such investments, the foundation seeks to enrich the library experience for the community, ensuring it remains a valuable and essential resource.
At the heart of the Libraries of Montrose County Foundation's mission is the Permanent Book Funds program, an endowment designed to augment the permanent collections of the libraries. This endowment serves to provide the libraries with constant sources of new materials, ensuring that their collections remain current and comprehensive. By investing in the future of the libraries, the foundation is able to support the educational, informational, and entertainment needs of the community, ensuring that it has access to the very best that libraries have to offer.
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Impact
August, 2024
The impact of Libraries Of Montrose County Foundation is felt through its dedication to ensuring the people of Montrose County have access to resources, services, and great libraries. By encouraging community investments through gifts and initiatives, the Foundation is able to support the growth and enhancement of library services in the area. The permanent book funds program, which is an endowment providing additions to the library collections, further contributes to the long-term sustainability and quality of the libraries. Overall, the Foundation's efforts play a crucial role in promoting education and access to knowledge within the community.
This information is meant to be a general summary of Libraries Of Montrose County 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $21,171
- Gross Receipts: $58,441
Assets and Liabilities:
- Total Assets: $628,333
- Total Liabilities: $0
- Net Assets: $628,333
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Organization Details
Founding Year
2005
Phone
(970) 964-2550Principal Officer
Paul Paladino
Main Address
320 S 2nd Street, Montrose, CO, 81401
NTEE Category
Code: B11 - Education
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