The 2017 Impact Report presents our organizational accomplishments. Key performance indicators increased in every category and aligned with four primary organizational goals:
Goal #1: Establish business excellence.
Goal #2: Increase awareness and community support.
Goal #3: Build and sustain strong relationships.
Goal #4: Raise donations for financial independence and programmatic support.
A thorough review of internal processes and documenting new ways of work led to risk mitigation practices and affirmed that our redefined business processes align with nonprofit organizational excellence standards. This essential work led to receiving the Better Business Bureau’s Accredited Charity and GuideStar’s Gold Star Charity ratings.
The positive change in fundraising revenue rose from $383,147 in FY 16 to $2,094,273 in FY 17.
Fundraising for the Barbara Bush Literacy Plaza and the inaugural Beyond the Page Luncheon were the two primary sources of the 547% increase.
The Library’s endowments showed growth in the Vanguard investments. The calculation for the fiscal year 2017 annual endowment allocation to HPL is based upon a formula of the average balance of the preceding 12 quarters. The Board of Directors approved a $930,000 annual endowment allocation.
HPLF’s growth mindset will lead HPLF into a strong financial position that not only increases funding for essential library programs but also values strong partnerships within the community. Our integrated culture of philanthropy engages all partners as an essential member contributing to mission delivery.
Success is most easily described by numbers, yet true success is embedded in the way library programs change lives. A real Impact Report is a compilation of stories of how our neighbors’ lives are enriched through library programs. We couldn’t do this vital work without you. Thank you for being part of our 2017 success story!
Licia A. Green Ellis