Friends Of The Palo Alto Public Library
- Assets
- $618.3k
- Revenue
- $450.4k
- Investments
- $0.0
- Employees
- 1
- Location
- Palo Alto, CA
- Founding
- 08/1967
- Data as of
- 06/2024
- EIN
- 94-6138777
Organization Overview
Friends Of The Palo Alto Public Library is located in Palo Alto, CA. The organization was established in 1967. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of The Palo Alto Public Library 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 06/2024, Friends Of The Palo Alto Public Library generated $450.4k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $406.6k during the year ending 06/2024. While expenses have increased by 0.6% per year over the past 9 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.
Since 2016, Friends Of The Palo Alto Public Library has awarded 34 individual grants totaling $1,068,873. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT THE PALO ALTO CITY LIBRARY
Describe the Organization's Program Activity:
Part 3 - Line 4a
DONATED ITEMS ON THE ORDER OF ABOUT 100,000 BOOKS, VIDEOS, CDS AND MORE A YEAR ARE SOLD THROUGH BOOK SALES, GIVEN TO NONPROFITS AND THE PUBLIC.
CONDUCT PROJECTS THAT SUPPORT THE PALO ALTO LIBRARY, SUCH AS SPONSORING CHILDREN'S PROGRAMS, PURCHASING BOOKS, DVDS AND AUDIO BOOKS, FUNDING THE SUMMER READING PROGRAM, PROVIDING STAFF AWARDS, SUBSCRIBING TO ONLINE DATABASES, OBTAINING NEW PATRON COMPUTERS AND COMPUTER SUPPLIES.
PROVIDE INFORMATION ABOUT THE PALO ALTO LIBRARY TO MEMBERS AND THE GENERAL PUBLIC THROUGH NEWSLETTERS, EMAILS, MEETINGS, PUBLICATIONS, AND ADVERTISEMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charlotte Epstein Director | Trustee | 3 | $0 |
Karen Dalcolletto Director | Trustee | 8 | $0 |
Nigel Jones Director | Trustee | 7 | $0 |
Suzanne Little Director | Trustee | 14 | $0 |
Gerry Masteller Director | Trustee | 5 | $0 |
Nancy Cohen Director | Trustee | 12 | $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 | $26,213 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $26,213 |
| Total Program Service Revenue | $27,010 |
| Investment income | $15,814 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $381,342 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $450,379 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $149,500 |
| 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 | $75,972 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,954 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,295 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $17,099 |
| Advertising and promotion | $3,514 |
| Office expenses | $18,425 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $98,083 |
| 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 | $3,281 |
| Insurance | $5,215 |
| All other expenses | $6,756 |
| Total functional expenses | $406,553 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $119,310 |
| Savings and temporary cash investments | $483,257 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $683 |
| 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 | $352 |
| Net Land, buildings, and equipment | $8,238 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,413 |
| Total assets | $618,253 |
| Accounts payable and accrued expenses | $8,452 |
| Grants payable | $14,695 |
| 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 | $2 |
| Total liabilities | $23,149 |
| Net assets without donor restrictions | $595,104 |
| 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 | $618,253 |
Grants Awarded
Over the last fiscal year, Friends Of The Palo Alto Public Library has awarded $136,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
PALO ALTO LIBRARY PURPOSE: LIBRARY COLLECTIONS | $100,000 |
PALO ALTO LIBRARY PURPOSE: YOUTH PROGRAMS | $14,000 |
PALO ALTO LIBRARY PURPOSE: SUMMER READING PROGRAM | $15,000 |
PALO ALTO LIBRARY PURPOSE: ADULT PROGRAMS | $7,000 |