Friends Of The Beverly Hills Public Library
- Assets
- $1.1m
- Revenue
- $107.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Beverly Hills, CA
- Founding
- 09/1961
- Data as of
- 06/2023
- EIN
- 95-6093182
Organization Overview
Friends Of The Beverly Hills Public Library is located in Beverly Hills, CA. The organization was established in 1961. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of The Beverly Hills 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 06/2023, Friends Of The Beverly Hills Public Library generated $107.3k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $71.6k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (12.9%) per year over the past 7 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE FRIENDS OF THE BEVERLY HILLS PUBLIC LIBRARY WAS FOUNDED TO HELP MAINTAIN AND PRESERVE THE LIBRARY'S TRADITION OF SERVICE TO THE COMMUNITY OF BEVERLY HILLS AND ITS SURROUNDING AREA. THE FRIENDS IS DEDICATED TO RAISING FUNDS TO SUPPLEMENT, TO ENHANCE, AND TO ENRICH THE LIBRARY'S CHILDREN, TEEN AND ADULT PROGRAMS, COLLECTIONS AND FACILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEDIA COLLECTION - THE FRIENDS SUPPORT THE MEDIA COLLECTION BY PROVIDING FUNDS TO THE LIBRARY FOR THE PURCHASE OF AUDIO-VISUAL MATERIAL WHICH INCLUDES NOT ONLD CDS, DVDS AND AUDIOBOOKS, BUT ALSO E-BOOKS AND E-AUDIOBOOKS THAT PATRONS CAN CHECK OUT VIA THE LIBRARY WEBSITE. THE COLLECTIONS ARE HEAVILY UTILIZED AND ARE GROWING RAPIDLY TO MEET THIS DEMAND AND STAY CURRENT.
SPEAKERS - THE FRIENDS PROVIDE FOR A PLACE FOR SPEAKERS TO DISCUSS TOPICS RELATED TO ADULT PROGRAMS, CHILDREN'S PROGRAMS, FRIEND'S PRESENTATION AND TEEN ZONE.
HOMEBOUND DELIVERIES - THE FRIENDS SUPPORT THE HOMEBOUND DELIVERY PROGRAM BY PROVIDING FUNDS FOR THE DELIVERY OF BOOKS TO PATRONS WHO ARE ILL OR AGED, AND CANNOT VISIT THE LIBRARY IN PERSON.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Linder President | OfficerTrustee | 10 | $0 |
Mallory Lee Vice President | OfficerTrustee | 10 | $0 |
Marilyn Landau Vice President | OfficerTrustee | 10 | $0 |
Michelle Redston Vice President | OfficerTrustee | 10 | $0 |
Shelly Lucky Vice President | OfficerTrustee | 10 | $0 |
Melissa Stein Co-Treasurer | OfficerTrustee | 10 | $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 | $22,368 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,368 |
| Total Program Service Revenue | $0 |
| Investment income | $14,541 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$5,039 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $75,474 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $107,344 |
| 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 | $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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,629 |
| Fees for services: Other | $579 |
| Advertising and promotion | $90 |
| Office expenses | $8,166 |
| 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 | $1,747 |
| All other expenses | $0 |
| Total functional expenses | $71,567 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $204,738 |
| Savings and temporary cash investments | $493,093 |
| 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 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $407,525 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,429 |
| Total assets | $1,111,785 |
| 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 | $409,235 |
| Net assets with donor restrictions | $702,550 |
| 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 | $1,111,785 |