Library Foundation Of Los Angeles is located in Los Angeles, CA. The organization was established in 1992. As of 06/2022, Library Foundation Of Los Angeles employed 47 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Library Foundation Of Los Angeles 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 06/2022, Library Foundation Of Los Angeles generated $7.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $7.8m during the year ending 06/2022. While expenses have increased by 2.9% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT THE LOS ANGELES PUBLIC LIBRARY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INVESTING IN LIFELONG LEARNING:THE FOUNDATION IS COMMITTED TO BREAKING CYCLES OF LOW LITERACY IN ITS MULTITUDE OF FORMS. THE ADULT LITERACY INITIATIVE OFFERS ONE-ON-ONE TUTORING TO ADULTS READING BELOW THE SIXTH-GRADE EQUIVALENCY. THE INITIATIVE ALSO PROVIDES COACHING TO HELP ADULTS WHO STRUGGLE WITH LITERACY SUPPORT THEIR CHILDREN'S EARLY LITERACY DEVELOPMENT. ADDITIONAL ADULT LITERACY COMPONENTS INCLUDE DROP-IN TUTORING, TOPICAL SEMINARS AND CLASSES, AND ENGLISH-AS-ANOTHER-LANGUAGE SERVICES TO HELP ADULTS INCREASE ENGLISH-LANGUAGE FLUENCY OR BECOME LITERATE IN THEIR NATIVE LANGUAGE. CAREER ONLINE HIGH SCHOOL GIVES ADULTS ANOTHER CHANCE TO EARN AN ACCREDITED HIGH-SCHOOL DIPLOMA. CYBERNAUTS AT 37 LIBRARIES AND ALSO THROUGH REMOTE SERVICE, PROMOTES DIGITAL LITERACY TO HELP PATRONS USE COMPUTERS TO FIND INFORMATION AND COMPLETE TASKS. THE FOUNDATION SUPPORTS LAPL'S EFFORTS TO ADDRESS DIGITAL EQUITY CITYWIDE BY CIRCULATING HIGH-SPEED MOBILE HOTSPOTS AND LAPTOPS AT NO COST TO THOSE WHO NEED DIGITAL ACCESS. ALSO, LAPL'S FULL STEAM AHEAD INITIATIVE PROMOTES SCIENCE LITERACY BY OFFERING CHILDREN, ADULTS, AND FAMILIES WITH ACTIVITIES TO INSPIRE THEIR CREATIVITY, EXPLORE NEIGHBORHOOD SCIENCE, AND PROBLEM SOLVE.
ENGAGING THE IMAGINATION:THROUGH ITS ACCLAIMED ALOUD CULTURAL PROGRAMMING SERIES, LFLA BRINGS RENOWNED AND EMERGING LITERARY ARTISTS, FILMMAKERS, SCIENTISTS, MUSICIANS, POLICYMAKERS, AND OTHER LUMINOUS MINDS IN DIRECT CONVERSATION WITH LIBRARY PATRONS. THE FOUNDATION SUPPORTS LAPL'S L.A. MADE SERIES THAT DELIVERS HUMANITIES PROGRAMMING, PERFORMANCES, AND ACTIVITIES TO THE CITY'S DIVERSE COMMUNITIES. THE FOUNDATION AND LAPL'S EXHIBITIONS HIGHLIGHT LAPL'S HISTORIC COLLECTIONS, THE DIVERSE STORIES AND PEOPLE OF L.A., AND CONTEMPORARY ISSUES THAT RESONATE WITH OUR LIVES. FROM MAY TO NOVEMBER 2022, THE FOUNDATION PRESENTED AN EXHIBITION AT THE LA CENTRAL LIBRARY ENTITLED, "SOMETHING IN COMMON". THROUGH AN ECLECTIC AND WIDE RANGE OF STORIES ABOUT LOCAL CLUBS AND COMMUNITY GROUPS, THIS EXHIBITION EXAMINED THE THINGS THAT BRING PEOPLE TOGETHER AND CELEBRATED THE ROLE OF THE PUBLIC LIBRARY AS A SAFE SPACE OF CONNECTION FOR ALL. THE FOUNDATION ALSO SUPPORTS DIGITIZATION PROJECTS AT LAPL THAT ARCHIVE AND PRESERVE COLLECTIONS OF PHOTOS, EPHEMERA, MAPS, AND OTHER ITEMS SO THAT THEY CAN BE ACCESSED ONLINE BY RESEARCHERS, STUDENTS, AND ANY OTHER CURIOUS MINDS. FINALLY, THE FOUNDATION HELPS LAPL DEVELOP NEW SPACES TO HELP L.A. RESIDENTS MAKE AND CREATE USING STATE-OF-THE-ART MODELING AND FABRICATION TOOLS AND AUDIO/VISUAL RECORDING EQUIPMENT IN AREAS LIKE THE OCTAVIA LAB AT THE DOWNTOWN CENTRAL LIBRARY.
HELPING STUDENTS SUCCEED:THE FOUNDATION HELPS LAPL PRESENT A RANGE OF PUBLIC SERVICES AND PROGRAMS TO SUPPORT EARLY LITERACY AND SOCIAL DEVELOPMENT FOR CHILDREN AGES 0-5, ACADEMIC SUPPORT FOR CHILDREN AND TEENS, CIVIC LEARNING AND EXPERIENCES FOR TEENS, AND COLLEGE PREPARATORY RESOURCES FOR YOUTH AND THEIR FAMILIES. LAPL'S WE READ TOGETHER INITIATIVE PROVIDES INFORMATION, RESOURCES, AND ACTIVITIES FOR PARENTS AND CAREGIVERS TO LEARN AND PRACTICE EARLY LITERACY TECHNIQUES WITH CHILDREN AGES 0-5. WITH THE FOUNDATION'S SUPPORT, LAPL OFFERS DAILY STORY TIMES WHERE LIBRARIANS MODEL HOW TO READ ALOUD, WORKSHOPS THAT HELP PARENTS INTEGRATE EARLY LITERACY INTO THEIR CHILDREN'S DAILY LIVES, AND AN OUTREACH SERVICE CALLED READ BABY READ THAT DELIVERS CRITICAL INFORMATION AND RESOURCES TO NEW AND EXPECTANT PARENTS ON THE IMPORTANCE OF LITERACY FROM BIRTH. THE FOUNDATION SUPPORTS SCHOOL-AGE YOUTH IN MULTIPLE WAYS, INCLUDING HELPING LAPL DELIVER EXPERT ONLINE PRIVATE TUTORING TO ALL K-12 YOUTH WITH A LIBRARY CARD BETWEEN 11 AM AND 11 PM, DAILY, STUDENT ZONES THAT PROVIDE DEDICATED AND DIRECT ACCESS TO COMPUTERS AND IN-PERSON HOMEWORK AT 38 LOCAL LIBRARIES IN LOW-INCOME COMMUNITIES, AND COLLEGE-PREP SERVICES TO HELP YOUTH AND FAMILIES PREPARE FOR COLLEGE. THE TEENS LEADING CHANGE PROGRAM PROVIDES LFLA-FUNDED MINI-GRANTS TO GROUPS OF YOUTH AND LIBRARIANS TO RESEARCH AND PILOT STRATEGIES TO ADDRESS SOCIAL ISSUES IN THEIR COMMUNITIES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Kenneth Brecher President Thru 8/2021 | OfficerTrustee | 60 | $421,024 |
Melanie Burzynski SVP Advancement Services | Officer | 60 | $293,750 |
Imani Harris Dir. Corporate And Foundation Relations | 60 | $107,780 | |
Jessica Strand Dir. Special Programs | 60 | $103,717 | |
Julie Tugend Interim President Thru 6/2022 | Officer | 60 | $103,409 |
Theresa Morrison CFO Thru 8/2021 | Officer | 60 | $91,698 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Managed Career Solutions Inc Staffing For Program Services | 6/29/22 | $322,103 |
T-mobile Usa Inc Hotspots And Internet Services | 6/29/22 | $163,769 |
Powermylearning Inccfy Home Work Help | 6/29/22 | $201,826 |
Tutorcom Online Tutoring Service For Students | 6/29/22 | $181,500 |
Golden Star Technology Incgst Computers And Equipment For Programs | 6/29/22 | $128,743 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $715,569 |
Fundraising events | $249,170 |
Related organizations | $0 |
Government grants | $1,078,912 |
All other contributions, gifts, grants, and similar amounts not included above | $4,259,669 |
Noncash contributions included in lines 1a–1f | $59,198 |
Total Revenue from Contributions, Gifts, Grants & Similar | $6,303,320 |
Total Program Service Revenue | $0 |
Investment income | $569,503 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $988,400 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | -$226,985 |
Miscellaneous Revenue | $0 |
Total Revenue | $7,634,238 |
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. | $1,228,095 |
Compensation of current officers, directors, key employees. | $478,499 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $1,615,958 |
Pension plan accruals and contributions | $70,560 |
Other employee benefits | $239,064 |
Payroll taxes | $214,338 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $135,900 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $138,513 |
Fees for services: Other | $1,732,752 |
Advertising and promotion | $67,701 |
Office expenses | $16,106 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $15,357 |
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 | $11,575 |
Insurance | $11,507 |
All other expenses | $623,817 |
Total functional expenses | $7,844,414 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $3,261,393 |
Savings and temporary cash investments | $14,054 |
Pledges and grants receivable | $1,376,036 |
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 | $120,348 |
Prepaid expenses and deferred charges | $48,870 |
Net Land, buildings, and equipment | $328,087 |
Investments—publicly traded securities | $49,076,040 |
Investments—other securities | $5,283,230 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $441,554 |
Total assets | $59,949,612 |
Accounts payable and accrued expenses | $266,991 |
Grants payable | $0 |
Deferred revenue | $30,000 |
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 | $296,991 |
Net assets without donor restrictions | $22,301,085 |
Net assets with donor restrictions | $37,351,536 |
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 | $59,949,612 |