The Friends of the Howard County Library Inc

Nonprofit profile at a glance

EIN
521226011
IRS 990-EZ coverage
2022–2024
Forms available
Form 990 2023, Form 990-EZ 2024
Location
Ellicott City, MD, USA
Rating
68
Verdict
SUPPORTED
Rating confidence
Moderate

Reported finances

Revenue
$185,106
Expenses
$115,708
Assets
$234,340

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

Leadership & pay

9 people listed

People named in this filing

  • Nana Owusu-Nkwantabisa (Board Chair)
  • John Dove (Board Vice Chair)
  • Ellen Flynn Giles (Board Treasurer)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

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

Overview

Mission

Provide funding outreach and volunteer support to the Howard County Library System for community programming services and events.

What it reported doing in 2024

Support of free Educational Initiatives Programs including students and adults include the A+ Partnership with the HCPSS for shared resources and services STEM programming Summer Reading for instructional intervention as well as adults and children Project Literacy for adults needing literacy GED employment certification and other services and the Battle of the Books for 5th grade-students. Funded by donations and third-party grants thousands participate annually in these opportunities.

Operating model

Revenue model
Donor-supported. 90% of the money available for current operations came from contributions and gifts.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

SUPPORTED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and some filed totals do not add up.

Rating breakdown

  • Financial Efficiency: 53
  • Transparency & Controls: 93
  • Sustainability: 73
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 42.9%; rating input score 43
  • Program expense ratio: 68.6%; rating input score 69

Transparency & Controls

  • Consistency checks: 91.7%; rating input score 92; 3rd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 37.5%; rating input score 88; 88th percentile among comparable filings
  • Total-asset coverage ratio: 2.03; rating input score 81; 81st percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: -40.7% per year; rating input score 0; 5th percentile among comparable filings
  • Revenue growth: -0.8% per year; rating input score 0; 18th percentile among comparable filings
  • Asset growth: 22.4% per year; rating input score 100; 82nd percentile among comparable filings

Details

  • Where the money goes: 42.9% of revenue deployed · 68.6% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 3 filed program accomplishments · $79K in reported program spending
  • Leadership: top reported pay $0 · 9 people listed
  • Consistency: 7 of 8 current checks pass · 1 finding to review
  • Schedules: 4 filed schedules
  • Filing history: 2 filing years from 2022 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • 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.

  • Moderate — Financial Efficiency: Mission deployment rate scored 43/100.
  • Moderate — Transparency & Controls: Part III transfer expenses within program total did not reconcile in the filed values.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.