Overview
What is Friends Of The Seattle Public Library?
Friends of the Seattle Public Library is a nonprofit organization, headquartered in Seattle, Washington, with a focus on enhancing the Seattle Public Library and fostering a passion for reading within their communities. Their primary activities include distributing free book bags to children upon receiving their first library cards and supporting various library projects and programs. With a dedicated workforce of three individuals, this organization aims to uplift the Library's reputation and instill a love for literature in their community.
Official website here: www.friendsofspl.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 57%, One-Star out of Four Star rating.
Friends Of The Seattle Public Library has received a low rating of 57%, which indicates significant concerns regarding its financial management and overall accountability. While the organization demonstrates strong governance with 94% of its board members being independent and has policies in place for conflict of interest and whistleblower protections, there are notable weaknesses in its financial metrics.
One major limitation is the absence of the nonprofit's tax form on its website, which detracts from transparency and access to critical financial information. The organization also has a low program expense ratio of 43.66%, suggesting that a smaller portion of its funds are being directed toward program services compared to administrative costs. Additionally, a liabilities to assets ratio of 2.89% raises concerns about its financial sustainability and operational health.
Overall, while Friends Of The Seattle Public Library showcases strong governance practices, its financial performance and transparency practices need significant improvement to enhance trust and effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Friends Of The Seattle Public Library legitimate?
Friends Of The Seattle Public Library is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of The Seattle Public Library 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
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Other Salaries and Wages: $130,471
For more financial information, click here
Official website here: www.friendsofspl.org
What is the mission statement of Friends Of The Seattle Public Library?
The mission of Friends Of The Seattle Public Library is centered around uplifting the Library and fostering a passion for reading within the community. Their primary objective is to enhance the Library's status and instill a love for literature among its patrons. One of their key initiatives includes distributing free book bags to children receiving their first library cards, as well as supporting various Library projects and programs. By doing so, Friends Of The Seattle Public Library aims to cultivate a literate and engaged community.
Official website here: www.friendsofspl.org
What is the revenue of Friends Of The Seattle Public Library?
Friends Of The Seattle Public Library's revenue in 2023 was $211,863.
Official website here: www.friendsofspl.org
Who are the executives of Friends Of The Seattle Public Library and what are their salaries?
The average compensation at Friends Of The Seattle Public Library during 2023 was $43,490. There are 3 employees and 55 volunteers at Friends Of The Seattle Public Library.
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Official website here: www.friendsofspl.org
Where can I find the form 990 for Friends Of The Seattle Public Library?
Friends Of The Seattle Public Library's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.friendsofspl.org
Learn more at the official website: www.friendsofspl.org
Mission Statement of Friends Of The Seattle Public Library
Friends of the Seattle Public Library is an organization dedicated to uplifting the Library and fostering a love for reading within their communities. Their mission is multifaceted, aiming to enhance the Library's stature and inspire a reading culture among the public. This nonprofit accomplishes this through various initiatives, including the distribution of free book bags to children receiving their first library cards and supporting various library projects and programs. By engaging with children and promoting the joy of reading from a young age, Friends of the Seattle Public Library contributes to the development of an educated and literate society. Additionally, their involvement in library projects and programs ensures that the Library remains a vibrant and dynamic hub for the community, fostering a love of learning and knowledge among its patrons.
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Impact
October, 2024
Friends of the Seattle Public Library significantly enhances the community by fostering a love of reading and supporting library initiatives. Their impactful activities include distributing free book bags to children who receive their first library cards, creating a welcoming experience that encourages young readers. By championing various library projects and programs, they elevate the role of the library as a vital educational resource, making reading accessible and enjoyable for all. Their commitment to the library not only enriches individual lives but also strengthens the community’s educational foundation.
This information is meant to be a general summary of Friends Of The Seattle Public Library. 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: $1,363
- Gross Receipts: $278,643
Assets and Liabilities:
- Total Assets: $286,168
- Total Liabilities: $12,351
- Net Assets: $273,817
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Organization Details
Founding Year
1942
Principal Officer
Angel Sauls
Website
www.friendsofspl.orgNTEE Category
Code: B71I - Education
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