Friends Of The Torrance Library
- Assets
- $152.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Torrance, CA
- Founding
- 02/1969
- Data as of
- 05/2024
- EIN
- 95-2507134
Organization Overview
Friends Of The Torrance Library is located in Torrance, CA. The organization was established in 1969. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of The Torrance 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 05/2024, Friends Of The Torrance Library generated $57.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (6.6%) each year. All expenses for the organization totaled $73.4k during the year ending 05/2024. As we would expect to see with falling revenues, expenses have declined by (9.2%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gayle Saito President | 2 | $0 | |
Brian Connett Vice President | 1 | $0 | |
Cynthia Page Secretary | 1 | $0 | |
Connie Clark Treasurer | 7 | $0 | |
Ronald Kimmel Board Member | 1 | $0 | |
Nancy Liegghio Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,100 |
| Total Program Service Revenue | $0 |
| Membership dues | $2,250 |
| Investment income | $3,193 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $57,028 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $2,000 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $5 |
| Other expenses | $6,435 |
| Total expenses | $73,440 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $152,612 |
| Other assets | $0 |
| Total assets | $152,866 |
| Total liabilities | $58 |
| Net assets or fund balances | $152,808 |