Friends Of The Library Of Portola Valley Inc
- Assets
- $886.0k
- Revenue
- $57.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Portola Valley, CA
- Founding
- 02/1969
- Data as of
- 06/2022
- EIN
- 23-7006543
Organization Overview
Friends Of The Library Of Portola Valley Inc, operating under the name Friends of the Portola Valley Library 765 Portola Road, is located in Portola Valley, CA. The organization was established in 1969. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends of the Portola Valley Library 765 Portola Road is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Friends of the Portola Valley Library 765 Portola Road generated $57.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (31.5%) each year. All expenses for the organization totaled $21.2k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION PROMOTES AND AUGMENTS THE DEVELOPMENT AND USE OF RESOURCES AND SERVICES OF THE PORTOLA VALLEY LIBRARY FOR THE BENEFIT OF LOCAL RESIDENTS. THE ORGANIZATION BRINGS TOGETHER PEOPLE WHO VIEW THEIR LOCAL LIBRARY AS A VALUABLE SOURCE OF COMMUNITY, INTERACTION, AND LEARNING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHILDREN'S PROGRAMS INCLUDE STORY TIMES, SUMMER READING SESSION, PRESENTATIONS BY VISITING ARTISTS AND SCIENTISTS, AND POETRY CELEBRATIOBS.
TEEM PROGRAMS INCLUDED TECH/MAKER INITIATIVES, AFTER-SCHOOL MEET-UPS, PRESENTATIONS BY VISITING ARTISTS AND SCIENTISTS, AND POETRY CELEBRATIONS.
ADULT PROGAMS INCLUDED TAI CHI CLASSES, THURSDAY MORNING TEAS, AND PRESENTATIONS BY ARTISTS AND SCIENTISTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kwok Lau President | OfficerTrustee | 5 | $0 |
Cynthia Rowe Secretary And Archivist | OfficerTrustee | 5 | $0 |
Sally Shimada-Lee Vice-President | OfficerTrustee | 3 | $0 |
Susan Adams Treasurer | OfficerTrustee | 3 | $0 |
Sue Chaput Trustee | Trustee | 0.25 | $0 |
Gloria Rosenthal Trustee | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $38,768 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $38,768 |
| Total Program Service Revenue | $1,865 |
| Investment income | $16,845 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $57,478 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $12,500 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,481 |
| Information technology | $218 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $4,991 |
| Total functional expenses | $21,190 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $116,625 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $769,413 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $886,038 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $886,038 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $886,038 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Friends Of The Library Of Portola Valley Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
American Endowment Foundation Hudson, OH PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Parasol Tahoe Community Foundation Inc Incline Village, NV | $97,913,034 | $15,633,796 |
Davidson Institute For Talent Development Incline Village, NV | $2,040,449 | $8,109,259 |
Pueblo Nuevo Education And Development Group Los Angeles, CA | $12,032,883 | $8,677,303 |
Silicon Schools Fund Inc Oakland, CA | $28,590,142 | $9,890,035 |
Alliance College-Ready Public Schools Foundation Los Angeles, CA | $1,948,564 | $6,883,984 |
Stem Next Opportunity Fund San Diego, CA | $10,305,213 | $10,913,896 |
Julia Burke Foundation San Francisco, CA | $10,173,958 | $4,976,202 |
James Megellas Foundation Inc Scottsdale, AZ | $68,107,616 | $5,113,659 |
Rsf Social Investment Fund Inc San Francisco, CA | $183,234,866 | $6,180,684 |
Napa Institute Support Foundation Irvine, CA | $19,458,182 | $17,196,018 |
Orange Schools Financing Corporation Orange, CA | $21,811,397 | $4,509,507 |
Herbst Foundation Inc Walnut Creek, CA | $62,095,126 | $6,418,341 |