Friends Of The Fallbrook Library
- Assets
- $1.4m
- Revenue
- $192.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Fallbrook, CA
- Founding
- 12/1975
- Data as of
- 04/2019
- EIN
- 95-3016050
Organization Overview
Friends Of The Fallbrook Library is located in Fallbrook, CA. The organization was established in 1975. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of The Fallbrook 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 04/2019, Friends Of The Fallbrook Library generated $192.7k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $130.3k during the year ending 04/2019. While expenses have increased by 6.5% per year over the past 5 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
THE SOLE PURPOSE OF THIS CORPORATION SHALL BE THE ENRICHMENT AND ENHANCEMENT OF THE FALLBROOK BRANCH OF THE SAN DIEGO COUNTY LIBRARY AND TO ASSIST THE FUNCTION OF THIS CULTURAL FACILITY IN ANY MANNER DEEMED BENEFICIAL BY THIS CORPORATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FRIENDS OF FALLBROOK LIBRARY RAISE FUNDS FOR MATERIALS, PROGRAMS, SPECIAL EVENTS AND SERVICES TO SUPPORT THE FALLBROOK BRANCH, SAN DIEGO COUNTY LIBRARY.
MATCHING GRANT TO SAN DIEGO COUNTY LIBRARY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Geri Schmotzer Vice Preside | OfficerTrustee | 1 | $0 |
Lynne Barker Treasurer | OfficerTrustee | 6 | $0 |
Tom Mintun President | OfficerTrustee | 8 | $0 |
Caryn Linn Secretary | OfficerTrustee | 1 | $0 |
Ken Dickson Director | Trustee | 3 | $0 |
Sue Billing Director | Trustee | 16 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $58,391 |
| Investment income | $35,748 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $29,589 |
| Net Income from Fundraising Events | -$9,400 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $78,360 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $192,688 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,570 |
| 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 | $0 |
| 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 | $2,329 |
| All other expenses | $0 |
| Total functional expenses | $130,253 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $28,879 |
| Savings and temporary cash investments | $14,356 |
| 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 | $0 |
| Investments—publicly traded securities | $1,311,276 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,354,511 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $1,354,511 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Friends Of The Fallbrook Library has recieved totaling $31.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $31 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cedar Mill Community Library Association Of Washington County Portland, OR | $2,777,165 | $5,197,203 |
The San Jose Public Library Foundation San Jose, CA | $11,266,259 | $7,329,963 |
City Arts And Lectures Inc San Francisco, CA | $4,629,816 | $1,224,038 |
Friends Of The Sacramento Public Library Sacramento, CA | $926,966 | $377,500 |
Sacramento Literacy Foundation Sacramento, CA | $1,770,459 | $527,534 |
The Corvallis-Benton County Public Library Foundation Inc Corvallis, OR | $2,504,899 | $545,635 |
Friends Of The Phoenix Public Library Inc Phoenix, AZ | $319,974 | $405,881 |
Friends Of The Huntington Beach Public Library Huntington Beach, CA | $2,420,660 | $985,580 |
Friends Of The Palo Alto Public Library Palo Alto, CA | $559,670 | $403,008 |
Friends Of The San Diego Public Library The San Diego, CA | $1,748,833 | $247,993 |
Friends Of The Glendora Library Glendora, CA | $1,860,675 | $281,407 |
Friends Of The Berkeley Public Library Inc Berkeley, CA | $310,544 | $266,875 |