Burlingame Library Foundation
- Assets
- $1.8m
- Revenue
- $427.2k
- Investments
- $0.0
- Employees
- 1
- Location
- Burlingame, CA
- Founding
- 06/1995
- Data as of
- 12/2022
- EIN
- 94-3220365
Organization Overview
Burlingame Library Foundation is located in Burlingame, CA. The organization was established in 1995. 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. Burlingame 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 12/2022, Burlingame Library Foundation generated $427.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $185.7k during the year ending 12/2022. While expenses have increased by 1.1% 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 ORGANIZATION'S EXEMPT PURPOSE IS TO RAISE MONEY/PURCHASE ASSETS FOR THE BENEFIT OF THE BURLINGAME LIBRARY AND TO PROMOTE THE LIBRARY TO THE PUBLIC
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT BURLINGAME PUBLIC LIBRARY WITH CASH AND EQUIPMENT TO BE USED FOR COLLECTION ENHANCEMENT AND SPECIAL PROGRAMS.
EXECUTIVE DIRECTOR COMPENSATION.
PUBLICATION AND DISBURSEMENT OF ANNUAL FOUNDATION NEWSLETTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terri Neill President | OfficerTrustee | 5.77 | $0 |
Marilyn Meyerson Secretary | OfficerTrustee | 0.67 | $0 |
Karen Hook Treasurer | OfficerTrustee | 8.65 | $0 |
Irena Zakrajsek Asst Treasurer | OfficerTrustee | 4.33 | $0 |
Amy Barney Director | Trustee | 0.96 | $0 |
Geetika Bobba Director | Trustee | 1.96 | $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 | $132,638 |
| Noncash contributions included in lines 1a–1f | $3,088 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $132,638 |
| Total Program Service Revenue | $0 |
| Investment income | $34,255 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $153,891 |
| Net Income from Fundraising Events | $105,872 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $427,246 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $131,531 |
| 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. | $25,467 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,463 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,256 |
| Fees for services: Management | $6,633 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,013 |
| Advertising and promotion | $424 |
| Office expenses | $5,515 |
| 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 | $1,150 |
| All other expenses | $0 |
| Total functional expenses | $185,659 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $335,016 |
| 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 | $1,494,652 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,829,668 |
| Accounts payable and accrued expenses | $92,609 |
| 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 | $92,609 |
| Net assets without donor restrictions | $0 |
| 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 | $1,737,059 |
| Total liabilities and net assets/fund balances | $1,829,668 |