North Broward Preparatory School Friends of the Library Inc
Nonprofit profile at a glance
- EIN
- 871873072
- IRS 990 coverage
- 2022–2024
- Forms available
- Form 990 2024
- Location
- Coconut Creek, FL, USA
- Phone
- 9546750045
- Rating
- 81
- Verdict
- STRONG
- Rating confidence
- Moderate
Reported finances
- Revenue
- $52,999
- Expenses
- $46,748
- Assets
- $87,638
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
5 people listed
People named in this filing
- JIM COHEN (TREASURER)
- MARCELA DALEY (CHAIR)
- MIRIAM PARK (VICE TREASUR)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The corporation is organized exclusively for charitable and educational purposes withing the meaning of section 501(c)(3) of the internal revenue code of 1986, as amended (the "code"), or the corresponding section of any future federal tax code, including, for such purposes, (i) fostering a culture of reading and school community by raising funds and coordinating and supporting events and programs that enhance the north broward preparatory school's library system's vibrant, pivotal role as inspiring connection points and enabling students, faculty, staff, parents and special guests to gather, interact, collaborate, learn, and grow; and (ii) making distributions to organizations that qualify as exempt organizations under section 501(c)(3) of the code, or the corresponding section of any future federal tax code.
What it reported doing in 2024
2. Fundraising programs: commemorative personalized bricks, plaques, and bookplates are available at different donation levels. The bricks, plaques and bookplates are installed in the ls media center and/or us learning commons' reading garden or tree of recognition. Oo birthday books oo legacy programs oo library resources oo books for bucks celebrations of the written word where we offer adult bestsellers, engaging books for reluctant and avid readers, award winning picture books, trending ya titles, and popular cookbooks, etc. For purchase by the entire nbps community. Oo books & baubles holiday book fair oo fall book fair oo spring book fair oo summer reading celebration
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- 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.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 77
- Transparency & Controls: 90
- Accountability: 76
- Sustainability: 56
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 77.5%; rating input score 78
- Program expense ratio: 87.9%; rating input score 88
- Fundraising efficiency: $4.95 raised per $1 spent on fundraising; rating input score 39; 39th 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: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 3 of 7 controls in place; rating input score 43
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- 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: 11.8%; rating input score 67; 67th percentile among comparable filings
- Total-asset coverage ratio: 1.87; rating input score 33; 33rd percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 69; 69th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 60; 60th percentile among comparable filings
Growth
- Program expense growth: 15.5% per year; rating input score 100; 81st percentile among comparable filings
- Revenue growth: 9.4% per year; rating input score 100; 86th percentile among comparable filings
- Asset growth: 12.3% per year; rating input score 100; 83rd percentile among comparable filings
Details
- Where the money goes: 77.5% of revenue deployed · 87.9% of spending went to programs
- Governance: 5 of 5 board members independent · 3 of 7 filing controls reported
- Programs: 3 filed program accomplishments · $41K in reported program spending
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 17 of 17 current checks pass
- Schedules: 4 filed schedules
- Filing history: 3 filing years from 2022 to 2024
- Contacts: How to reach this organization
- 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.
- Moderate — Accountability: Governance controls: 3 of 6 not reported.
- Moderate — Financial Efficiency: Fundraising efficiency scored 39/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 33/100.