Library Association Of La Jolla
- Assets
- $7.7m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 14
- Location
- La Jolla, CA
- Founding
- 10/1944
- Data as of
- 06/2021
- EIN
- 95-1916045
Organization Overview
Library Association Of La Jolla is located in La Jolla, CA. The organization was established in 1944. According to its NTEE Classification (B70) the organization is classified as: Libraries, under the broad grouping of Education and related organizations. As of 06/2021, Library Association Of LA Jolla employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Library Association Of LA Jolla 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 06/2021, Library Association Of LA Jolla generated $2.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $1.7m during the year ending 06/2021. 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
THE MISSION OF THE LA JOLLA LIBRARY ASSOCIATION IS TO PROVIDE LA JOLLA AND SAN DIEGO COUNTY WITH LIBRARY RESOURCES IN MUSIC AND ARTS AND ALSO TO PROVIDE AN ONGOING SCHEDULE OF CULTURAL PROGRAMS, CLASSES, CONCERTS, AND EXHIBITIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EVENTS, LECTURES AND CONCERTS - BENEFITS THE LIBRARY MEMBERS AND THE GENERAL PUBLIC. LECTURES EDUCATE ON MUSIC AND ART. CONCERTS EDUCATE AND ENRICH LIVES.CIRCULATING LIBRARY - BENEFITS 2200 MEMBERS AND THE GENERAL PUBLIC AS A LENDING LIBRARY. THE SUBJECT MATTER IS ARTS, MUSIC, ARCHITECTURE, ETC...ART SCHOOL - BENEFITS ASPIRING ART STUDENTS AS WELL AS THE HOBBYIST. PROFESSIONAL ARTISTS TEACH ASSORTED ART CLASSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erika Torri Executive Director | 50 | $0 | |
W Einar Gall PHD President | OfficerTrustee | 4 | $0 |
Max Elliott MD Secretary | OfficerTrustee | 4 | $0 |
Nora Sargent Vice President | OfficerTrustee | 4 | $0 |
Robert Black Board Member | Trustee | 2 | $0 |
Karen Fox Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $418,043 |
| All other contributions, gifts, grants, and similar amounts not included above | $893,157 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,311,200 |
| Total Program Service Revenue | $593,254 |
| Investment income | $338,953 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,243,407 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $541,133 |
| Pension plan accruals and contributions | $20,055 |
| Other employee benefits | $21,600 |
| Payroll taxes | $48,055 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $107,972 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $69,000 |
| 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 | $138,597 |
| Insurance | $39,933 |
| All other expenses | $276,977 |
| Total functional expenses | $1,694,493 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43,062 |
| Savings and temporary cash investments | $1,391,602 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $131,161 |
| 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 | $2,059 |
| Net Land, buildings, and equipment | $840,985 |
| Investments—publicly traded securities | $5,242,444 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,750 |
| Total assets | $7,657,063 |
| Accounts payable and accrued expenses | $92,555 |
| Grants payable | $0 |
| Deferred revenue | $166,899 |
| 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 | $13,085 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $105,405 |
| Total liabilities | $377,944 |
| Net assets without donor restrictions | $3,142,247 |
| Net assets with donor restrictions | $4,136,872 |
| 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 | $7,657,063 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Library Association Of La Jolla has recieved totaling $303,350.
| Awarding Organization | Amount |
|---|---|
Conrad Prebys Foundation San Diego, CA PURPOSE: INFRASTRUCTURE UPGRADES | $250,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $53,350 |
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 |