Friends Of The Sierra Madre Library
- Assets
- $981.1k
- Revenue
- $120.0k
- Investments
- $899.3k
- Employees
- 0
- Location
- Sierra Madre, CA
- Founding
- 02/1957
- Data as of
- 06/2024
- EIN
- 95-6100331
Organization Overview
Friends Of The Sierra Madre Library is located in Sierra Madre, CA. The organization was established in 1957. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of The Sierra Madre 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 06/2024, Friends Of The Sierra Madre Library generated $120.0k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $61.4k during the year ending 06/2024. While expenses have increased by 4.1% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
RAISE FUNDS FOR THE SIERRA MADRE LIBRARY FOR PURCHASE OF DATA BASES, BOOKS, CD'S, VIDEOS AND TO SPONSOR EVENTS SUCH AS THE CHILDREN'S LIBRARY, TEEN READING CLUB, ETC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE "FRIENDS" RAISES FUNDS FOR THE LIBRARY. THE DIRECTOR OF LIBRARY SERVICES SUBMITS A REQUEST FOR THE UPCOMING YEAR WHICH IS APPROVED BY THE LIBRARY BOARD OF TRUSTEES AND SUBMITTED TO THE FRIENDS. DURING THE YEAR THE CITY SUBMITS REQUESTS FOR REIMBURSEMENT FOR AMOUNTS PAID OUT BY THE CITY ON THE LIBRARY'S REQUEST AND THE FRIENDS REIMBURSE THE CITY, USUALLY QUARTERLY.
THE "FRIENDS" ACTS AS THE CUSTODIAN FOR THE SOMMER LIBRARY SCHOLARSHIP FUND WHICH WAS ESTABLISHED BY A RETIRING MEMBER OF THE BOARD OF TRUSTEES OF THE SIERRA MADRE LIBRARY. THE PURPOSE OF THE FUND IS TO PROVIDE GRANTS TO THE SIERRA MADRE LIBRARY EMPLOYEES TO FUTHER THEIR EDUCATION IN LIBRARY SCIENCE. EMPLOYEES ARE CHOSEN BY THE GRANTS COMMITTEE COMPRISING OF A MEMBER OF SIERRA MADRE LIBRARY BOARD OF TRUSTEES, A REPRESENTATIVE OF THE LIBRARY, AND A MEMBER OF THE "FRIENDS".
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie Bencosme President | OfficerTrustee | 10 | $0 |
Jeanne Martin VP - Governance | OfficerTrustee | 10 | $0 |
Darlene Traxler Treasurer | OfficerTrustee | 10 | $0 |
Liz Leahy Recording Secretary | OfficerTrustee | 10 | $0 |
Julie Puterbaugh Corresp Secty/volunt. Dev. | OfficerTrustee | 10 | $0 |
Sharon Murphy Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,450 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $32,644 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $35,094 |
| Total Program Service Revenue | $0 |
| Investment income | $47,236 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $37,665 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $119,995 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $47,024 |
| Grants and other assistance to domestic individuals. | $3,348 |
| 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 | $1,675 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,634 |
| Office expenses | $5,539 |
| Information technology | $46 |
| Royalties | $0 |
| Occupancy | $638 |
| 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 | $723 |
| All other expenses | $743 |
| Total functional expenses | $61,370 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,481 |
| Savings and temporary cash investments | $68,328 |
| 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 | $0 |
| Investments—other securities | $899,265 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $981,074 |
| 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 | $504,942 |
| Net assets with donor restrictions | $476,132 |
| 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 | $981,074 |