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Larkspur Library Foundation

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 942466558 ✦ Larkspur, CA ✦ Designated as a 501(c)(3)

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Overview

What is Larkspur Library Foundation?

The Larkspur Library Foundation is a nonprofit organization situated in Larkspur, California. Their primary focus is supporting the Larkspur Public Library in the city. This support is demonstrated through financial contributions, with a recent donation made to the Commons Foundation for constructing a new library building. The Foundation's mission is deeply rooted in the betterment of the local library, contributing to its growth and development.


Official website here: www.larkspurlibraryfoundation.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 83% (Three-Star out of Four Star rating)

The Larkspur Library Foundation has received an 83% rating from Charity Navigator, indicating a solid level of accountability and financial health. The organization's score is based on its performance in various areas, particularly in Accountability & Finance, where it has demonstrated strong practices, such as having 100% independent board members and a favorable liabilities-to-assets ratio of 0.00%.

Strengths of the Larkspur Library Foundation include transparent operations, as evidenced by its compliance with key policies like conflict of interest and the availability of board meeting minutes. Additionally, the foundation maintains a high program expense ratio of 84.83%, which suggests that a significant portion of its resources is allocated directly to its programs and services.

However, there are some areas of concern, particularly the absence of a whistleblower policy and a document retention policy. While these omissions do not detract significantly from the overall positive assessment, they are noteworthy as they reflect potential areas for improvement in governance practices. Overall, the foundation is well-positioned in terms of financial accountability, but addressing these policy gaps could enhance its organizational integrity.


This AI summary has been generated from information found on Charity Navigator.

Is Larkspur Library Foundation legitimate?

Larkspur Library Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Larkspur 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.larkspurlibraryfoundation.org

What is the mission statement of Larkspur Library Foundation?

The Larkspur Library Foundation's mission is centered around supporting a public library, with the primary objective being to enhance its facilities. Specifically, they aim to contribute to the construction of a new library building. This support is designed to strengthen the library's resources and services, ultimately benefiting the community it serves. The foundation does not have a mission statement that extends beyond this direct support for the library's development.


Official website here: www.larkspurlibraryfoundation.org

Who is the CEO of Larkspur Library Foundation?

Lawrence R Lanctot is the President of Larkspur Library Foundation.


Official website here: www.larkspurlibraryfoundation.org

What is the revenue of Larkspur Library Foundation?

Larkspur Library Foundation's revenue in 2022 was $47,568.


Official website here: www.larkspurlibraryfoundation.org

Who are the executives of Larkspur Library Foundation and what are their salaries?


Here are 7 key members and their salaries:


Lawrence R Lanctot (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lorraine Ocheltree (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nick Tarlson (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lois Patton (Asst Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael A Futterman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Wayne Wagner (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Philip Terry (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.larkspurlibraryfoundation.org

Where can I find the form 990 for Larkspur Library Foundation?

Larkspur Library Foundation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.larkspurlibraryfoundation.org

Learn more at the official website: www.larkspurlibraryfoundation.org

Mission Statement of Larkspur Library Foundation

The Larkspur Library Foundation is committed to supporting the Larkspur Public Library in California. This nonprofit organization's mission is centered around providing aid for the construction of a new library building, thereby enhancing the library's facilities and resources. By doing so, the foundation aims to contribute to the overall growth and development of the library, ultimately benefiting the community it serves.

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Impact




August, 2024

The Larkspur Library Foundation has significantly contributed to the enhancement of educational resources and facilities at the Larkspur Public Library in Larkspur, California. Through its donation to the Commons Foundation for the construction of a new library building, the Foundation has directly impacted the community by providing a modern and welcoming space for learning and research. This support has not only improved access to information and knowledge but has also fostered a sense of community engagement and cultural growth in Larkspur. The Foundation's dedication to supporting the Larkspur Public Library has undoubtedly benefited the residents of the city and enriched their educational experiences.




This information is meant to be a general summary of Larkspur 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.

Revenue
$47,568 (2022)
Expenses
$135,108 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $24,032
  • Gross Receipts: $47,568

Assets and Liabilities:

  • Total Assets: $555,832
  • Total Liabilities: $0
  • Net Assets: $555,832

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Organization Details

Founding Year

1977

Principal Officer

Lawrence R Lanctot

Main Address

PO BOX 5263, LARKSPUR, CA, 94977

NTEE Category

Code: B71I - Education

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