Lincoln County Library Foundation Inc

Overview

The Lincoln County Library Foundation Inc. is a non-profit organization dedicated to providing financial support to the Lincoln County, Wyoming Library System. The foundation falls under the category of Educational Institutions and Related Activities and is classified for tax purposes as a single organization support charity[1][2].

Mission and Activities

The primary mission of the Lincoln County Library Foundation Inc. is to enhance the resources and services of the Lincoln County Library. This includes contributing grants to support educational and literacy programs within the community[3].

Financial Information

In recent years, the foundation has relied heavily on contributions and investment income as its primary sources of revenue. For example, in a previous fiscal year, contributions accounted for about 74.8% of total revenue, while investment income accounted for approximately 24.6%[1]. However, more current data indicates that the foundation's revenue has been somewhat variable, with expenses sometimes exceeding revenues, leading to net losses[1].

In the fiscal year ending June 2023, the foundation reported notable financial data, including revenue and expenses. The net assets of the foundation stood at $1,607,055, reflecting its ability to maintain a strong financial base despite operational challenges[1].

Grant History

The foundation is active in providing grants to support the local library system. For instance, in 2023, it contributed $97,395 in grants, highlighting its commitment to enhancing library services and community programs[3].

Ratings and Recognition

The Lincoln County Library Foundation Inc. has been recognized with a 3/4 Star rating by Charity Navigator, indicating a level of transparency and accountability in its operations[4].

Conclusion

The Lincoln County Library Foundation Inc. plays a vital role in supporting educational initiatives in Lincoln County, Wyoming. Through its financial support and grants, the foundation helps ensure that the local library system can provide essential services to the community.