Overview
What is King County Library System Foundation?
The King County Library System Foundation is a dedicated nonprofit organization, based in Issaquah, Washington, with a mission to support the King County Library System (KCLS). This foundation plays a crucial role in promoting literacy, learning, and libraries beyond public funding. They achieve this by providing resources and initiatives that help KCLS better cater to the community's needs. The King County Library System Foundation's primary goal is to motivate individuals of all ages to continue learning during the summer months through their Summer Reading Program. By offering incentives, they aim to establish libraries as a cherished space and information hub. The foundation's initiatives aim to reach, serve, encourage, and reward readers both within and outside the library, ultimately contributing to the success of the people of King County.
Official website here: www.kclsfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Stars)
The King County Library System Foundation boasts an impressive Four-Star rating from Charity Navigator, reflecting strong accountability and financial health. With a perfect score in various categories, including the independence of its board members and effective oversight of financial statements, the organization demonstrates a commitment to transparency and good governance practices.
Strengths of the foundation include a high program expense ratio of 80.36%, indicating that a substantial portion of funds is directed towards its programs rather than administrative costs. The organization also exhibits excellent fundraising efficiency, with only $0.08 spent to raise each dollar, showcasing its ability to maximize donor contributions effectively. The foundation’s liabilities to assets ratio is notably low at 0.97%, further emphasizing its financial stability.
While the foundation's performance metrics are exceptionally strong, it is important for potential donors to consider ongoing community needs and how effectively the foundation addresses them through its programs. Overall, the King County Library System Foundation exemplifies a well-managed nonprofit dedicated to enhancing library services and resources.
This AI summary has been generated from information found on Charity Navigator.
Is King County Library System Foundation legitimate?
King County Library System Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. King County Library System 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:
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Professional Fundraising Fees: $102,796
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For more financial information, click here
Official website here: www.kclsfoundation.org
What is the mission statement of King County Library System Foundation?
The King County Library System Foundation's mission is centered around providing support for the King County Library System. In line with this, the foundation aims to promote literacy, learning, and the importance of libraries by offering additional funding for initiatives and resources. This enhanced support enables the library system to better cater to the needs of the community, furthering its mission to inspire people of King County to succeed through ideas, interaction, and information.
Official website here: www.kclsfoundation.org
What is the revenue of King County Library System Foundation?
King County Library System Foundation's revenue in 2023 was $2,877,541.
Official website here: www.kclsfoundation.org
Who are the executives of King County Library System Foundation and what are their salaries?
There 75 volunteers at King County Library System Foundation.
Here are 27 key members and their salaries:
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Official website here: www.kclsfoundation.org
Where can I find the form 990 for King County Library System Foundation?
King County Library System Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.kclsfoundation.org
Learn more at the official website: www.kclsfoundation.org
Mission Statement of King County Library System Foundation
The King County Library System Foundation's mission is centered around supporting the King County Library System (KCLS). This nonprofit organization aims to go beyond public funding, providing essential resources and initiatives that enable KCLS to better cater to the community's needs. In line with this mission, the King County Library System Foundation promotes literacy, learning, and the importance of libraries within King County. By doing so, the foundation strives to inspire individuals to succeed through the power of ideas, interaction, and information. The King County Library System Foundation's mission is crucial in ensuring that the library system can offer optimal services and resources to its patrons, thereby making a significant impact on the community.
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Impact
July, 2024
The King County Library System Foundation's impact is significant in promoting literacy, learning, and community engagement within King County. One of its key activities, the KCLS Summer Reading program, incentivizes children, teens, and adults to continue reading during the summer months. This program not only encourages individuals to keep learning during the break but also helps build a sense of community and establishes the library as a valuable resource for all ages. By reaching, serving, encouraging, and rewarding readers both inside and outside the library, the foundation plays a vital role in supporting the mission of the King County Library System to inspire success through ideas, interaction, and information.
This information is meant to be a general summary of King County Library System 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 2023.
- Investment Income: $123,288
- Gross Receipts: $4,536,575
Assets and Liabilities:
- Total Assets: $9,794,730
- Total Liabilities: $95,755
- Net Assets: $9,698,975
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Organization Details
Founding Year
1990
Principal Officer
Lisa Yamasaki
Website
www.kclsfoundation.orgNTEE Category
Code: B71I - Education
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