Benjamin Franklin Society Library Inc

Nonprofit profile at a glance

EIN
460928860
IRS 990 coverage
2024–2024
Forms available
Form 990 2024, Form 990-EZ 2023, Form 990-N 2020
Location
Orlando, FL, USA
Phone
6105042178
Rating
79
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Libraries

Official website

Reported finances

Revenue
$772,846
Expenses
$471,217
Assets
$493,710
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • Jamie Joyce (President, Director)

Highest reported compensation

  • Jamie Joyce (President, Director): $64,000 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The Society Library's mission is to create a fully intentional, collaborative humanity which functionally negotiates ideological differences in a manner that maximizes freedom in being through access to archived information.

What it reported doing in 2024

Information Gathering, Archiving, and Analysis: The Society Library devotes substantial effort to collecting, researching, and archiving information about as many detectable points of view as possible on complex social and political issues in order to build digital library collections. These efforts include collecting the arguments, claims, sentiments, opinions, evidence, and data found within scholarly articles, government reports, documentaries, news, television, books, textbooks, podcasts, classroom materials, websites, various social media, as well as receiving bulk collections from institutional partners or through in-person interviews and group sessions. This information is then curated and organized into online reference library collections through various manual and technological means, including AI tools like automated research and analysis. The purpose of the library is to assist the public in searching for the truth in a less biased, more rigorous, and more expedient manner. Although The Society Library curates, cleans, and enriches information, it does not censor, aim to bias, nor desire to corrupt information. We hold ourselves to high ethical standards, which are detailed on our website. Overall The Society Library aims to preserve the library tradition throughout the 21st century in a new digital form, by preserving and presenting information in organized ways that maximally benefit public truth-seeking as well as the acquisition of knowledge and wisdom.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - A large share of total spending goes to programs and the filed numbers largely add up. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 71
  • Transparency & Controls: 92
  • Accountability: 84
  • Sustainability: 69
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 57.2%; rating input score 57
  • Program expense ratio: 93.9%; rating input score 94
  • Fundraising efficiency: $41.93 raised per $1 spent on fundraising; rating input score 75; 75th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 5 of 8 controls in place; rating input score 62
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Fail
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 39%; rating input score 89; 89th percentile among comparable filings
  • Total-asset coverage ratio: 1.05; rating input score 44; 44th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 91; 91st percentile among comparable filings
  • Officer compensation ratio: 13.6%; rating input score 26; 26th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 62.6% per year; rating input score 100; 98th percentile among comparable filings
  • Asset growth: 66.8% per year; rating input score 100; 98th percentile among comparable filings

Details

  • Where the money goes: 57.2% of revenue deployed · 93.9% of spending went to programs
  • Governance: 3 of 3 board members independent · 5 of 8 filing controls reported
  • Programs: 4 filed program accomplishments · $442K in reported program spending
  • Leadership: top reported pay $64K · 3 people listed
  • Highest-paid contractors: 1 contractor listed · $141K reported
  • Consistency: 23 of 23 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Financial Efficiency: Mission deployment rate scored 57/100.
  • Review — Accountability: Governance controls: 2 of 7 not reported.
  • Moderate — Sustainability: Total-asset coverage ratio scored 44/100.
  • High — Sustainability: Officer compensation ratio scored 26/100.