Overview
What is Anacortes Public Library Foundation?
The Anacortes Public Library Foundation is a dedicated nonprofit organization that aims to amplify the significance of the local library in the community. By advocating, funding programs, and securing donations for capital projects, the foundation serves to supplement, not supplant, the library's tax-based support. Their mission encompasses enhancing the library's value by fostering education, cultural engagement, and community development. Moreover, the foundation also contributes to student scholarships, expanding its scope beyond library-related initiatives.
Official website here: www.anacorteswa.gov/262/library-foundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars, Needs Improvement, 69%
The Anacortes Public Library Foundation has received a two-star rating from Charity Navigator, indicating that it is in need of improvement. The overall score of 69% highlights some strengths, particularly in governance, as evidenced by having 100% independent board members and a solid program expense ratio of 83.22%, which suggests that a significant portion of expenditures is directed toward its programs.
However, the organization has notable weaknesses in its accountability and finance practices. Key policies, including a conflict of interest policy and a whistleblower policy, are missing, which raises concerns about transparency and ethical management. Additionally, the absence of financial statements on its website and the failure to post its tax forms limit stakeholders' ability to fully assess its financial health and operations.
While the foundation demonstrates a commitment to its mission through high program expense ratios, the lack of financial documentation and governance policies is a significant limitation that the organization will need to address in order to improve its standing and credibility with potential donors and the community.
This AI summary has been generated from information found on Charity Navigator.
Is Anacortes Public Library Foundation legitimate?
Anacortes Public Library Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Anacortes Public 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.
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Official website here: www.anacorteswa.gov/262/library-foundation
What is the mission statement of Anacortes Public Library Foundation?
The Anacortes Public Library Foundation aims to enhance the value of the local library within the community through advocacy, program, and capital project funding. Their mission is to supplement, not replace, the tax-supported funding for the library by securing donations, funding, and endowments. The foundation's activities encompass supporting the Anacortes Public Library and offering student scholarships, with the aim of enhancing the library's impact and services in the community.
Official website here: www.anacorteswa.gov/262/library-foundation
Who is the CEO of Anacortes Public Library Foundation?
Deborah Aldridge is the President of Anacortes Public Library Foundation.
Official website here: www.anacorteswa.gov/262/library-foundation
What is the revenue of Anacortes Public Library Foundation?
Anacortes Public Library Foundation's revenue in 2022 was $1,696,032.
Official website here: www.anacorteswa.gov/262/library-foundation
Who are the executives of Anacortes Public Library Foundation and what are their salaries?
Here are 11 key members and their salaries:
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Official website here: www.anacorteswa.gov/262/library-foundation
Where can I find the form 990 for Anacortes Public Library Foundation?
Anacortes Public Library Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.anacorteswa.gov/262/library-foundation
Learn more at the official website: www.anacorteswa.gov/262/library-foundation
Mission Statement of Anacortes Public Library Foundation
The Anacortes Public Library Foundation is an organization dedicated to elevating the significance of the local library within the community. Its mission is multifaceted, encompassing advocacy, program, and capital project funding. The primary objective of this foundation is to augment, not replace, the tax-based support for the Anacortes Library. It achieves this by securing donations, funding, and endowments. By doing so, the Anacortes Public Library Foundation plays a pivotal role in enhancing the library's resources and services, thereby benefiting the entire community. Additionally, the foundation supports student scholarships, further reinforcing its commitment to community development and education.
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Impact
July, 2024
The Anacortes Public Library Foundation plays a vital role in promoting and enhancing the value of the Anacortes Library to the community. Through advocacy, program funding, and support for capital projects, the foundation ensures that the library remains a valuable resource for residents. By securing donations, funding, and endowments, the foundation augments the tax-based support for the library, allowing it to offer a wider range of services and programs. Additionally, the foundation's initiatives include providing student scholarships, further demonstrating its commitment to supporting education within the community.
This information is meant to be a general summary of Anacortes Public 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: $77,566
- Gross Receipts: $1,865,138
Assets and Liabilities:
- Total Assets: $2,932,806
- Total Liabilities: $0
- Net Assets: $2,932,806
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Organization Details
Founding Year
1998
Principal Officer
Deborah Aldridge
Main Address
1220 10TH STREET, ANACORTES, WA, 98221
NTEE Category
Code: B11 - Education
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