Carmel-By-The Sea Public Library Foundation

Organization Overview

Carmel-By-The Sea Public Library Foundation is located in Carmel, CA. The organization was established in 1994. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2023, Carmel-By-The Sea Public Library Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carmel-By-The Sea Public Library Foundation 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 06/2023, Carmel-By-The Sea Public Library Foundation generated $636.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.2%) each year. All expenses for the organization totaled $759.9k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE FINANCIAL SUPPORT FOR CARMEL PUBLIC LIBRARY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDE SUPPLEMENTAL FUNDS FOR THE HARRISON MEMORIAL LIBRARY FOR FREE LIBRARY SERVICE TO THE COMMUNITY IT SERVES, AS NEEDED AND REQUESTED BY THE LIBRARY BOARD OF TRUSTEES. THE FUNDS PROVIDED WERE GENERATED FROM THE GROWTH ENDOWMENT AND INVESTED FUNDS.


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Board, Officers & Key Employees

Name (title)Compensation
Marci Meaux
President
$0
Letitia A Bennett
Vice President
$0
Carmine Lepiane
Treasurer
$0
Susan Galvan
Secretary
$0
Ken Cranstone
Director
$0
Rebecca Wolf Arnold
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$130,485
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$484,231
Noncash contributions included in lines 1a–1f $77
Total Revenue from Contributions, Gifts, Grants & Similar$614,716
Total Program Service Revenue$5,116
Investment income $376,870
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$347,199
Net Income from Fundraising Events -$13,363
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $636,140

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