Redwood City Library Foundation
- Assets
- $431.2k
- Revenue
- $304.9k
- Investments
- $0.0
- Employees
- 1
- Location
- Redwood City, CA
- Founding
- 10/1998
- Data as of
- 06/2022
- EIN
- 94-3293215
Organization Overview
Redwood City Library Foundation is located in Redwood City, 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. Redwood City 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 06/2022, Redwood City Library Foundation generated $304.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $468.1k during the year ending 06/2022. While expenses have increased by 11.2% 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
OUR MISSION IS TO INCREASE FINANCIAL SUPPORT FOR THE REDWOOD CITY PUBLIC LIBRARY'S SERVICES AND PROGRAMS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED FINANCIAL SUPPORT TO THE REDWOOD CITY LIBRARY FOR CONSTRUCTION, LIBRARY COLLECTIONS, SERVICES AND PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Hicks-Dumanske Executive Direc | Trustee | 40 | $76,039 |
Carla Sillin Treasurer | OfficerTrustee | 0 | $0 |
Nancy Radcliffe Vice President | OfficerTrustee | 0 | $0 |
Patricia Seith Secretary | Officer | 0 | $0 |
Debbi Jones-Thomas President | Officer | 0 | $0 |
John Blake Director | 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 | $290,876 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $290,876 |
| Total Program Service Revenue | $0 |
| Investment income | $75 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $13,929 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $304,880 |
| 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. | $76,039 |
| 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 | $9,154 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $600 |
| 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 | $501 |
| 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 | $3,504 |
| All other expenses | $3,143 |
| Total functional expenses | $468,109 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $155,467 |
| Savings and temporary cash investments | $275,692 |
| 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 | $6 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $431,165 |
| Accounts payable and accrued expenses | $1,403 |
| 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 | $1,403 |
| Net assets without donor restrictions | $429,762 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $431,165 |
Grants Awarded
Over the last fiscal year, Redwood City Library Foundation has awarded $74,502 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
REDWOOD CITY LIBRARY MAIN PURPOSE: CHILDRENS INTERACTIVE LEARNING | $54,502 |
REDWOOD CITY LIBRARY MAIN PURPOSE: EARLY CHILDHOOD LEARNING CENTER STR | $20,000 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Redwood City Library Foundation has recieved totaling $229,733.
| Awarding Organization | Amount |
|---|---|
Saga Foundation Kalamazoo, MI PURPOSE: OPERATING SUPPORT | $140,000 |
Silicon Valley Community Foundation Mountain View, CA PURPOSE: Education | $61,500 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $15,600 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $7,176 |
The Doering Family Foundation Ltd Napa, CA PURPOSE: GENERAL PURPOSE | $3,000 |
Sophie And Arthur Brody Foundation Roseland, NJ PURPOSE: GENERAL OPERATIONS | $1,000 |
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 |