The Sausalito Library Foundation EIN 04-3843074

The Sausalito Library Foundation

EIN  04-3843074 Public charity (501(c)(3)) Sausalito, CA
Form 990 (PDF) Compare with another nonprofit →
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Size
<$100K
What they do
Funds library programs, materials, and environment for sustained excellence.
Leadership
Don Means · Director
Money in and out
$68K revenue, $1K expenses
Bottom line
53% program efficiency

Funds library programs, materials, and environment for sustained excellence. For fiscal year 2021 it reported $68K in revenue, $1K in expenses, and $763K in net assets.Pt I

Where the money goes · FY2021
Total revenue
$68K
Pt VIII · Ln 12
Total expenses
$1K
Pt IX · Ln 25
Net assets
$763K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $67K
Where spending went · Part IX cols B–D
Program services $0.53 Management & general $0.47
Program efficiency
53%
of spending reaches programs▼ -47% vs prior filing year
Operating runway
8172.8mo
months of highly liquid reserves at operating expense rate▲ ×63 vs prior filing year
Surplus margin
+98%
revenue over expenses, this year▲ +184% vs prior filing year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$68K
FY2021▲ +123%
Expenses
$1K
FY2021▼ -98%
Total assets
$763K
FY2021▲ +6%
Total liabilities
$0
FY2021
Total revenue
$68K
Pt VIII · Ln 12
Total expenses
$1K
Pt IX · Ln 25
Net assets
$763K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$67K
Total assetsPt X · Ln 16$763K
Program-expense ratioPt IX · col B53%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 411
Mission & Programs · Part III

Where the work happens

1 program service account for $593 of program spending, described in the organization's own filed words · FY2021.
01

Library Suppport

Grants made to support Sausalito Public Library. Due to library closures because of Covid, there were no grant requests received or grants made during 2021.

$593program expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CThe Sausalito Library Foundation
EINHdr · item D04-3843074
Principal addressHdr · item CSausalito, CA
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B70)
Ruling yearIRS BMFJun 2006

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a11
Independent voting membersPt VI · Ln 1b11
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Investment income$58K · 85%
Contributions & grants$10K · 15%
Investment income85%$58K
Contributions & grants15%$10K
Total revenueLn 12$68K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.53 Management & general $0.47
Program services53%$593
Management & general47%$528
Total functional expensesLn 25$1K

Balance Sheet

Part X · end of year
CashLn 1$40K
Total assetsLn 16$763K
Total liabilitiesLn 26$0
Total net assetsLn 32$763K
Months of cash on handcomputed428.8

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $763K · Operating expenses/yr $1K
8172.8 months
Where the money goes
Program services
Program services $593 · Total expenses $1K
53%
Management & General
Management & general $528 · Total expenses $1K
47%
Fundraising
Fundraising $0 · Total expenses $1K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $9K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $10K · Total revenue $68K
15%
Government reliance
Government grants — · Total revenue $68K
Earned-income share
Program service revenue $0 · Total revenue $68K
0%
Investment reliance
Investment income $58K · Total revenue $68K
+85%
Program self-sufficiency
Program service revenue $0 · Total expenses $1K
0%
Growth & trend
Revenue growth (YoY)
This year $68K · Prior year $31K
+123%
Net-asset trend (YoY)
End of year $763K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $68K · Expenses $1K
+98%
Liabilities-to-Assets
Total liabilities — · Total assets $763K
Net-asset ratio
Net assets $763K · Total assets $763K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $723K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $763K
95%
People & payroll
Highest Reported Total Compensation
Individual Don Means · Reported title Director · Highest reported compensation $0 · Total expenses $1K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $1K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 53%
Overhead ratio 47%
Fundraising cost ratio 0%
Revenue growth 123%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 1 funder$30
Grants paid · 1 grant · $66K · 2020–2020
City of SausalitoFY2020$65,600

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2021 (Latest)$68K revenue · viewing · ⤓ 990 PDF
FY2020$31K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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