Los Altos Library Endowment

Organization Overview

Los Altos Library Endowment is located in Los Altos, CA. The organization was established in 2001. 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. Los Altos Library Endowment 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, Los Altos Library Endowment generated $98.5k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $176.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE FINANCIAL SUPPORT FOR THE LOS ALTOS LIBRARY TO HELP THE LIBRARY TO MEET THE NEEDS OF COMMUNITY. TO IMPROVE THE LOS ALTOS LIBRARY'S BALANCE BETWEEN TRADITIONAL LITERATURE AND TIMELY SCIENTIFIC, MEDICAL, AND TECHNOLOGY. TO PROMOTE THE LIBRARY'S LONG-TERM WELL BEING IN THE EVER-EVOLVING WORLD OF LIBRARY NEEDS AND PRIORITIES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

GRANTS PROVIDED TO LOS ALTOS LIBRARY TO (1) PROMOTE LEARNING IN SCIENCE, TECHNOLOGY, ENGINEERING, ENGLISH LANGUAGE ARTS AND MATH, AND (2) IMPROVE LIBRARY EQUIPMENT AND FACILITY.


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Board, Officers & Key Employees

Name (title)Compensation
Nancy Bhagat
Treasurer
$0
Tara Bhat
Member
$0
John Cardoza
Member
$0
Meg Gerstner
Secretary
$0
Cindy Hill
President
$0
Judy Mitchell
Member
$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$29,776
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$29,776
Total Program Service Revenue$0
Investment income $85,019
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$16,327
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $98,468

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