Overview
What is The Library Foundation?
The Library Foundation is a nonprofit organization situated in Portland, Oregon, specifically at 620 SW FIFTH AVENUE 1025. Its primary mission is to bolster the innovative work of Multnomah County Library and enhance the local library system. Through various programs and initiatives, The Library Foundation aims to support, expand, and advocate for the library's groundbreaking projects. One of their significant contributions is the school-age literacy program, which provided books and resources to K-12 students in seven school districts, helping to cement reading skills and ensure academic success. The summer reading engagement involved 104,000 children and teens, while the Library Connect program connected 115,000 students to library services, including research content, homework help, and tutoring support. Additionally, STEAM Home Learning Kits reached 19,000 students with hands-on learning materials that supported academic achievement. Lastly, The Library Foundation distributed over 30,000 children's books and e-books in more than 20 languages to numerous children through outreach work and the circulating collection.
Official website here: www.libraryfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Stars)
The Library Foundation has achieved an impressive 97% rating from Charity Navigator, reflecting its strong commitment to accountability and financial management. This exemplary score indicates that the organization operates with a high level of transparency and has established robust mechanisms for oversight, including a fully independent board of directors comprising 18 members. The lack of material diversion of assets and effective audit practices further enhances its credibility.
In terms of financial health, The Library Foundation demonstrates remarkable efficiency, with a program expense ratio of 83.11%, ensuring that a significant portion of its funds directly supports its mission. Its low fundraising efficiency ratio of $0.03 indicates a cost-effective approach to raising funds, allowing more resources to be allocated towards its programs. The organization also boasts an impressive working capital ratio of 10.33 years, suggesting a strong ability to sustain operations without immediate financial pressure.
While the ratings reveal a positive outlook, it is essential for potential donors and stakeholders to recognize the importance of continued engagement with the foundation to ensure its ongoing effectiveness and adaptation to community needs. The Foundation's commitment to leadership development and adaptability further positions it well for future challenges and opportunities in serving its mission.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about The Library Foundation?
82% of 9 reviewers on Facebook recommend The Library Foundation. Here is a summary of their reviews:
Many users appreciate the vital role that the public library plays in their community, highlighting it as an essential resource for knowledge and connection. They value the enrichment it offers, noting that the library serves as a hub for personal development and social interaction. However, there is a notable sentiment reflecting some concerns, as one reviewer expressed a lack of trust in the foundation's effectiveness.
Overall, while a majority seem to recognize the importance of the library and its offerings, there is a mixed perception regarding the foundation itself, suggesting room for improvement in how it engages and supports the community.
This AI summary has been generated from reviews found on Facebook.
Is The Library Foundation legitimate?
The Library Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The 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: $235,718
Professional Fundraising Fees: $0
Other Salaries and Wages: $423,450
For more financial information, click here
Official website here: www.libraryfoundation.org
What is the mission statement of The Library Foundation?
The Library Foundation's mission is to enhance the innovative work of Multnomah County Library and strengthen the library system. They achieve this by providing support, expanding, and advocating for the library's groundbreaking projects. This is made possible through donations, both large and small. The foundation's initiatives include school-age literacy programs that reinforce reading skills and academic success among K-12 students in seven school districts. During the summer, their reading engagement program reached over 100,000 children and teens. Additionally, The Library Connection program connected 115,000 students to library services, offering resources for research, homework help, and tutoring support. Furthermore, STEAM Home Learning Kits were distributed to 19,000 students, supporting academic achievement with hands-on learning materials. Lastly, over 30,000 children's books and e-books in over 20 languages were provided to children through outreach work and the circulating collection.
Official website here: www.libraryfoundation.org
What is the revenue of The Library Foundation?
The Library Foundation's revenue in 2024 was $2,966,805.
Official website here: www.libraryfoundation.org
Who are the executives of The Library Foundation and what are their salaries?
The average compensation at The Library Foundation during 2024 was $82,396. There are 8 employees and 16 volunteers at The Library Foundation.
Here are 18 key members and their salaries:
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Official website here: www.libraryfoundation.org
Where can I find the form 990 for The Library Foundation?
The Library Foundation's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.libraryfoundation.org
Learn more at the official website: www.libraryfoundation.org
Mission Statement of The Library Foundation
The Library Foundation, a dedicated organization, works towards enhancing the innovative work of Multnomah County Library and strengthening the library system as a whole. Its mission is threefold: firstly, it supports the community by financing and expanding the groundbreaking initiatives of Multnomah County Library. Secondly, it advocates for these innovative projects, ensuring they receive the necessary resources and recognition. Lastly, it creates a brighter future for children by championing their literacy and educational success. Gifts, regardless of size, contribute significantly to making this work possible.
The Library Foundation plays a vital role in the education of children in the community. Through its school-age literacy programs, it reaches out to students in grades K-12 across seven school districts. These programs, which include providing books and educational materials, help cement reading skills and contribute to academic success, counteracting the effects of a challenging school year. Additionally, the foundation's summer reading program engaged over 104,000 children and teenagers during the summer break, promoting a love for reading and learning.
Furthermore, The Library Foundation's Library Connect program connects over 115,000 students to library services, offering research content, homework help, and tutoring support. The foundation also provides STEAM Home Learning Kits to 19,000 students, supporting academic achievement with hands-on learning materials. Furthermore, the foundation distributes 30,000 children's books and e-books in more than 20 languages, ensuring that a wide range of children have access to educational resources. In summary, The Library Foundation's mission is to strengthen the library system, support innovative work, and create a brighter future for children through literary and educational programs.
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Impact
July, 2024
The Library Foundation enhances Multnomah County Library's innovative work and strengthens the library system by reaching all K-12 students in seven school districts with school-age literacy programs. These programs aim to cement reading skills and academic success, countering the effects of a difficult school year. Additionally, the Foundation's efforts engage 104,000 children and teens in summer reading activities, connect 115,000 students to library services, provide STEAM home learning kits to 19,000 students, and distribute 30,000 children's books and e-books in over 20 languages. Through outreach work and the circulating collection, tens of thousands of children benefit from these resources. Overall, The Library Foundation in Portland, OR, effectively strengthens the community and creates a brighter future for children by supporting, expanding, and advocating for the innovative work of Multnomah County Library.
This information is meant to be a general summary of The 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 2024.
- Investment Income: $566,774
- Gross Receipts: $2,966,805
Assets and Liabilities:
- Total Assets: $26,409,312
- Total Liabilities: $866,559
- Net Assets: $25,542,753
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Organization Details
Founding Year
1995
Principal Officer
Dan Love Centerwall
Website
www.libraryfoundation.orgNTEE Category
Code: A70 - Arts
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