Overview
What is Kitsap Regional Library Foundation?
The Kitsap Regional Library Foundation is a nonprofit organization located at 1301 Sylvan Way, Bremerton, WA 98310. Its primary role is to secure philanthropic donations, exceeding the tax-supported level, for the enhancement of the Kitsap Regional Library's programs and facilities. Throughout 2021, the foundation has contributed funds to expand the library's collection, support additional programs such as summer learning, and finance capital projects, including the Silverdale Library project. These initiatives aim to positively impact and benefit the local community.
Official website here: www.krl.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
The Kitsap Regional Library Foundation has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and finance. With a score of 90% in this category, the foundation demonstrates effective governance practices, including a fully independent board and robust financial oversight, which are crucial for maintaining donor trust and ensuring responsible stewardship of contributions.
The foundation excels in financial transparency and management, with a program expense ratio of 81.25%, indicating that a significant portion of its resources is dedicated to its core mission. Additionally, the organization has no material diversion of assets, underscoring its reliability. Its policies on conflict of interest and whistleblower protections further enhance its commitment to ethical practices.
In terms of leadership and adaptability, the foundation scored a perfect 100%. This signifies not only strong strategic planning and execution but also an ability to respond to changing circumstances effectively. Overall, Kitsap Regional Library Foundation stands out as a well-managed and responsible nonprofit, well-equipped to fulfill its mission and serve its community.
This AI summary has been generated from information found on Charity Navigator.
Is Kitsap Regional Library Foundation legitimate?
Kitsap Regional Library Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kitsap Regional 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: $219,243
Professional Fundraising Fees: $0
Other Salaries and Wages: $25,131
For more financial information, click here
Official website here: www.krl.org
What is the mission statement of Kitsap Regional Library Foundation?
The Kitsap Regional Library Foundation was established to solicit philanthropic donations beyond the level supported by taxes, with the aim of enhancing programs and funding capital projects for the benefit of local libraries. The foundation's mission is to provide funding for program enhancements and capital projects, contributing significantly to the Kitsap Regional Library's activities in 2021. During this year, the foundation supported the library by providing funds for additional programs, collection expansion, and capital projects, including summer learning, various branch programs, and the Silverdale Library capital project, all for the betterment of the community.
Official website here: www.krl.org
Who is the CEO of Kitsap Regional Library Foundation?
Wendy Kile is the Executive Director of Kitsap Regional Library Foundation.
Official website here: www.krl.org
What is the revenue of Kitsap Regional Library Foundation?
Kitsap Regional Library Foundation's revenue in 2022 was $1,641,872.
Official website here: www.krl.org
Who are the executives of Kitsap Regional Library Foundation and what are their salaries?
There 11 volunteers at Kitsap Regional Library Foundation.
Here are 13 key members and their salaries:
- Compensation: $75,401
- Related: $50,268
- Other: $22,750
- Compensation: $110,030
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- Other: $20,162
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Official website here: www.krl.org
Where can I find the form 990 for Kitsap Regional Library Foundation?
Kitsap Regional Library Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.krl.org
Learn more at the official website: www.krl.org
Mission Statement of Kitsap Regional Library Foundation
The Kitsap Regional Library Foundation was established with a mission to promote and receive philanthropic gifts, surpassing the level permitted by tax support. This nonprofit organization's primary objective is to provide funding for program enhancements and capital projects, beyond what the Kitsap Regional Library can secure through tax revenue. By doing so, the foundation aims to contribute to the library's growth and development, enriching the resources and services it offers to the community.
During 2021, the Kitsap Regional Library Foundation supported the library by providing the necessary funds for additional programs, collection expansion, and capital projects. These initiatives included summer learning programs, various branch activities, and the Silverdale Library capital project. By investing in these projects, the foundation has contributed significantly to enhancing the library's ability to serve the community more effectively, ensuring that it remains a vital resource for learning, information, and cultural enrichment.
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Impact
July, 2024
The Kitsap Regional Library Foundation's impact can be seen in its support for Kitsap Regional Library during 2021. By providing the necessary funds for additional programs, collection expansion, and capital projects, including summer learning initiatives, various branch programs, and the Silverdale Library capital project, the Foundation has significantly enhanced the resources and services available to the community. Through its philanthropic efforts, the Foundation has facilitated educational opportunities and infrastructure improvements that benefit the patrons of Kitsap Regional Library beyond what is possible through tax support alone.
This information is meant to be a general summary of Kitsap Regional 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: -$8,003
- Gross Receipts: $1,641,872
Assets and Liabilities:
- Total Assets: $3,205,467
- Total Liabilities: $724,330
- Net Assets: $2,481,137
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Organization Details
Founding Year
1991
Principal Officer
Wendy Kile
Main Address
1301 SYLVAN WAY, BREMERTON, WA, 98310
Website
www.krl.orgNTEE Category
Code: B70Z - Education
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