Friends Of Los Osos Library
- Assets
- $2.3m
- Revenue
- $42.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Los Osos, CA
- Founding
- 03/1984
- Data as of
- 12/2022
- EIN
- 77-0011448
Organization Overview
Friends Of Los Osos Library is located in Los Osos, CA. The organization was established in 1984. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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 Los Osos Library 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 12/2022, Friends Of Los Osos Library generated $42.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (16.5%) each year. All expenses for the organization totaled $13.8k during the year ending 12/2022. 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
RAISE FUNDS TO PROVIDE FINANCIAL SUPPORT TO THE LOS OSOS BRANCH OF THE SAN LUIS OBISPO COUNTY LIBRARY, TO MEET THE COMMUNITY CONTRIBUTION REQUIREMENT FOR A NEW OR EXPANDED LIBRARY FACILITY, AND TO PROMOTE LITERARY ACTIVITY AND ACHIEVEMENT AMONG THE GENERAL PUBLIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORTED PROGRAMS AND ACTIVITIES OF THE LOS OSOS LIBRARY TO THE EXTENT POSSIBLE AS THE LIBRARY RESUMED PUBLIC OPERATING HOURS IN 2022.
ORGANIZED DONATED BOOKS AND MATERIALS FOR SALE TO RAISE FUNDS FOR LIBRARY PROGRAMS. ALL LABOR WAS PROVIDED BY VOLUNTEERS.
CONTINUED TO WORK WITH THE COUNTY LIBRARY ADMINISTRATION TOWARD REALIZATION OF AN EXPANDED LOS OSOS BRANCH LIBRARY WHILE MAINTAINING OVERSIGHT OF A BUILDING FUND UNDER PROFESSIONAL MANAGEMENT. ALL OF BOARD MEMBER ACTIVITY WAS PROVIDED ON A VOLUNTEER BASIS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Stanfill President | OfficerTrustee | 2 | $0 |
Sandy Dexter Vice President | OfficerTrustee | 2 | $0 |
Marian Lawson Treasurer | OfficerTrustee | 6 | $0 |
Jonniepat Mobley Secretary | OfficerTrustee | 2 | $0 |
Ann Dille Board Member | Trustee | 2 | $0 |
Sally Snodgrass Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,125 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,596 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,721 |
| Total Program Service Revenue | $0 |
| Investment income | $47,478 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$16,318 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,099 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $41,980 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $10,172 |
| Fees for services: Other | $0 |
| Advertising and promotion | $228 |
| Office expenses | $414 |
| Information technology | $71 |
| 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 | $678 |
| All other expenses | $0 |
| Total functional expenses | $13,798 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,713 |
| Savings and temporary cash investments | $9,757 |
| 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 | $2,282,646 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,311,116 |
| 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 | $1,396,565 |
| Net assets with donor restrictions | $914,551 |
| 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 | $2,311,116 |