Walnut Creek Library Foundation
- Assets
- $2.8m
- Revenue
- $283.7k
- Investments
- $0.0
- Employees
- 1
- Location
- Walnut Creek, CA
- Founding
- 07/1999
- Data as of
- 12/2021
- EIN
- 94-3312473
Organization Overview
Walnut Creek Library Foundation is located in Walnut Creek, CA. The organization was established in 1999. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, 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. Walnut Creek 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 12/2021, Walnut Creek Library Foundation generated $283.7k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $268.3k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT AND PROMOTE THE PUBLIC LIBRARIES OF THE CITY OF WALNUT CREEK
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION HAS SPONSORED LIVE! FROM THE LIBRARY LECTURE SERIES, ONE CITY ONE BOOK PROGRAMS, TEEN PROGRAMS, A FINANCIAL SERIES AND MORE! THE FOUNDATION HAS ALSO DONATED FUNDS FOR ACQUIRING BOOKS, PERIODICALS AND MEDIA FOR THE TWO LIBRARIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Moon Executive Director | Officer | 40 | $76,677 |
Naomi Fukumori Director, Treasurer | OfficerTrustee | 10 | $0 |
Kathy Hicks Director, President | OfficerTrustee | 15 | $0 |
Greg Nerland Director, Past President | OfficerTrustee | 5 | $0 |
Cindy Jordan Director, Secretary | OfficerTrustee | 5 | $0 |
Peter Magnani Director | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $30,253 |
| All other contributions, gifts, grants, and similar amounts not included above | $200,909 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $231,162 |
| Total Program Service Revenue | $0 |
| Investment income | $40,584 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,461 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $283,663 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $107,883 |
| 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. | $76,677 |
| Compensation of current officers, directors, key employees. | $7,668 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $883 |
| Payroll taxes | $5,866 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,860 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $16,670 |
| Fees for services: Other | $25,133 |
| Advertising and promotion | $3,247 |
| Office expenses | $4,345 |
| Information technology | $1,000 |
| Royalties | $0 |
| Occupancy | $2,153 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $60 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,737 |
| All other expenses | $573 |
| Total functional expenses | $268,303 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $623,248 |
| Savings and temporary cash investments | $173,077 |
| Pledges and grants receivable | $30,000 |
| 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 | $9,084 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,981,374 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,816,783 |
| Accounts payable and accrued expenses | $116 |
| Grants payable | $0 |
| Deferred revenue | $78,150 |
| 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 | $2,992 |
| Total liabilities | $81,258 |
| Net assets without donor restrictions | $1,251,088 |
| Net assets with donor restrictions | $1,484,437 |
| 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 | $2,816,783 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Walnut Creek Library Foundation has recieved totaling $41,714.
| Awarding Organization | Amount |
|---|---|
Simpson Foundation Orinda, CA PURPOSE: TO PROVIDE FUNDS FOR UNRESTRICTED GENERAL SUPPORT FOR ADDITIONAL PROGRAMMING, COLLECTIONS AND OTHER SERVICES AT WALNUT CREEK LIBRARIES. | $30,000 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $5,249 |
Marcus & Millichap Foundation Palo Alto, CA PURPOSE: GENERAL PURPOSE | $5,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $1,000 |
Shell Oil Company Foundation Houston, TX PURPOSE: MEF | $240 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $125 |
Endowment Analysis
| Beg. Balance | $1,796,151 |
| Earnings | $47,025 |
| Net Contributions | $40,000 |
| Ending Balance | $1,484,437 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
System Management Group San Diego, CA | $174,665,064 | $68,599,184 |
American Charter Schools Foundation Phoenix, AZ | $87,939,377 | $45,500,400 |
Salesforce Com Foundation San Francisco, CA | $419,674,142 | $105,083,193 |
Foundation For Grossmont And Cuyamaca Colleges El Cajon, CA | $30,579,750 | $41,100,641 |
Archival Foundation Beverly Hills, CA | $70,496,412 | $21,253,596 |
Provenance Duarte, CA | $16,793,106 | $20,000,682 |
Spark Sf Public Schools San Francisco, CA | $15,254,604 | $27,199,561 |
Great Public Schools Now Los Angeles, CA | $20,013,399 | $15,067,311 |
Institute For Supply Management Inc Tempe, AZ | $18,812,365 | $12,909,076 |
Gladstone Foundation San Francisco, CA | $27,923,141 | $22,078,581 |
George Lucas Educational Foundation San Rafael, CA | $6,425,809 | $14,665,129 |
The Parasol Tahoe Community Foundation Inc Incline Village, NV | $97,913,034 | $15,633,796 |