Foundation For San Luis Obispo County Public Libraries
- Assets
- $2.9m
- Revenue
- $2.4m
- Investments
- $2.7m
- Employees
- 0
- Location
- San Luis Obispo, CA
- Founding
- 07/1998
- Data as of
- 06/2022
- EIN
- 77-0460885
Organization Overview
Foundation For San Luis Obispo County Public Libraries is located in San Luis Obispo, CA. The organization was established in 1998. According to its NTEE Classification (B70) the organization is classified as: Libraries, 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. Foundation For San Luis Obispo County Public Libraries 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, Foundation For San Luis Obispo County Public Libraries generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 73.6% each year . All expenses for the organization totaled $185.7k during the year ending 06/2022. While expenses have increased by 25.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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 SPECIFIC CHARITABLE PURPOSE OF THIS ORGANIZATION IS TO RAISE FUNDS TO SUPPLEMENT CURRENT PUBLIC FUNDING FOR SAN LUIS OBISPO COUNTY LIBRARIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SUPPORT FUNDING FOR PROGRAMS AND COLLECTION DEVELOPMENT TO THE SAN LUIS OBISPO COUNTY PUBLIC LIBRARY SYSTEM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sandy Baer Treasurer | Officer | 0 | $0 |
Juliane Mcadam President | Officer | 0 | $0 |
Marty Azevedo Secretary | Officer | 0 | $0 |
Kristin Bridgeford Director | Trustee | 0 | $0 |
Nancy Stevens Director | Trustee | 0 | $0 |
Elizabeth Manak Vice President | Trustee | 0 | $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 | $2,348,661 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,348,661 |
| Total Program Service Revenue | $0 |
| Investment income | $11,977 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $7,720 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,368,394 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $100,000 |
| 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 | $2,000 |
| Fees for services: Accounting | $2,400 |
| 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 | $0 |
| Information technology | $0 |
| 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 | $976 |
| All other expenses | $346 |
| Total functional expenses | $185,707 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $118,236 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—other securities | $2,740,344 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,858,580 |
| Accounts payable and accrued expenses | $600 |
| Grants payable | $100,000 |
| 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 | $100,600 |
| Net assets without donor restrictions | $2,284,585 |
| Net assets with donor restrictions | $473,395 |
| 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 | $2,858,580 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Foundation For San Luis Obispo County Public Libraries has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Endowment Analysis
| Beg. Balance | $243,343 |
| Earnings | $28,185 |
| Other Expense | $10,069 |
| Ending Balance | $261,459 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ck12 Foundation San Jose, CA | $3,790,567 | $12,243,457 |
Creative Commons Corporation Mountain View, CA | $9,584,245 | $9,853,619 |
Long Now Foundation San Francisco, CA | $8,496,773 | $4,135,043 |
Letterform Archive San Francisco, CA | $5,612,576 | $4,051,847 |
Rancho Cucamonga Public Library Foundation Rancho Cucamonga, CA | $80,561 | $132,446 |
Library Association Of La Jolla La Jolla, CA | $7,657,063 | $2,243,407 |
Sedona Public Library Sedona, AZ | $7,250,372 | $2,554,776 |
Lafayette Library And Learningcenter Foundation Lafayette, CA | $28,882,741 | $2,073,300 |
The Digital Distributed Community Archive Stanford, CA | $3,639,872 | $1,772,956 |
Walt Disney Family Foundation San Francisco, CA | $8,081,443 | $1,620,731 |
Cancer Patients Alliance Pacific Grove, CA | $1,207,473 | $1,716,621 |
Desert Foothills Library Association Cave Creek, AZ | $11,787,133 | $1,313,288 |