Peninsula Library Foundation

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To support the Peninsula Library & historical society through a managed endowment fund.

Form 990 Part I, line 1, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 34-1751216) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
52¢ of each $1 spent went to programs.
Run by 7 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2023
latest Form 990
The latest return is for FY2023, 3 tax years back.
IRS e-file · Filing history
Surplus or deficit
4 of 4
filings with a surplus
Average surplus $196K a year · 81% of revenue · last 4 filings
A surplus in 4 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
52%
of spending
52% of spending went to programs.
Pt IX · Ln 25 · col B
7.4 mo
of spending, in cash
Plus $2.4M in investments, Pt X · Ln 11–13
7.4 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Liabilities are 0% of assets.
Pt X · Ln 26
Independent board members
7
of 7 voting members
7 of 7 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$292K
+44% vs prior year
Spent
$54K
To programs
52%
Net assets
$2.5M
By yearFY2020–FY2023
Revenue
$292K
FY2023▲ +44%
Tap a bar for its year
Revenue by fiscal year
FY2020$230K
FY2021$247K
FY2022$204K
FY2023$292K
Expenses
$54K
FY2023▲ +13%
Tap a bar for its year
Expenses by fiscal year
FY2020$41K
FY2021$46K
FY2022$47K
FY2023$54K
Net assets
$2.5M
FY2023▲ +25%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.9M
FY2021$2.2M
FY2022$2.0M
FY2023$2.5M

From the FY2023 Form 990 · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023. IRS ruling in Jan 1994.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

52 cents of each dollar spent went to programs.

Program services 52% · $28K Management & general 45% · $24K Fundraising 3% · $2K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation
Vice President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Peninsula Library Foundation executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Manages an endowment fund to support the Peninsula Library & Historical Society.

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1 program · $28K · in their own filed words · FY2023
01

The peninsula library foundation solicited and accepted donations to build its endowment FND which directly supports the peninsula library foundation, as responsible stewards of the foundations resources and to fulfill its mission, the foundation board regularly reviewed investment performance and met with investment advisors.

Form 990 Part III, line 4, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 34-1751216) · Dispute this line
$28Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2022
Total grants receivedfrom 1 funder$10K
Grants paid · 4 grants · $84K · 2020–2023

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$292K
Ln 12
Gifts and grantsLn 1h$211K
Investment incomeLn 3$82K
Money outPt IX
$54K
Ln 25
Programscol B$28K
Managementcol C$24K
Fundraisingcol D$2K
Owns and owesPt X
$2.5M
net assets · Ln 32
Cash and savingsLn 1–2$33K
Total assetsLn 16$2.5M
LiabilitiesLn 26$0
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$211K
Investment incomeLn 3$82K
Total revenueLn 12$292K
Assets in detailPt X, end of year
CashLn 1$33K
Cash and savings togetherLn 1–2$33K
InvestmentsLn 11–13$2.4M
Total assetsLn 16$2.5M
LiabilitiesLn 26$0
Net assetsLn 32$2.5M
OperationsPt I, VI
EmployeesI 50
VolunteersI 67
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
Investment feesPt IX, Sch D
Investment fees, as reportedPt IX 11f$17K
Share of the $2.5M endowmentSch D 1g0.70%
Typical, median of 2,202 orgs0.44%
EndowmentSch D · Pt V
LineFY23FY22FY21FY20FY19
End of yearLn 1g$2.5M$2.0M$2.2M$1.9M$1.6M
AddedLn 1b$211K$126K$132K$126K$134K
SpentLn 1d–1f$54K$47K$46K$41K$32K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$51K$33K
InvestmentsLn 11–13$1.9M$2.4M
Total assetsLn 16$2.0M$2.5M
LiabilitiesLn 26$0$0
Net assetsLn 32$2.0M$2.5M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$26K$26K
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of officers and key staff (Part IX, line 5)Ln 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$2K$2K
Lobbying feesLn 11d$0
Investment management feesLn 11f$17K$17K
Other fees for servicesLn 11g$5K$2K$2K$2K
Advertising and promotionLn 12$883$883
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$735$735
All other expensesLn 24e$0
Total functional expensesLn 25$54K$28K$24K$2K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest ViewingFiled with the IRS Nov 15, 2024 $292K$54K$239K$2.5M 990 PDF
FY2022Filed with the IRS Apr 28, 2023 $204K$47K$156K$2.0M 990 PDF
FY2021Filed with the IRS Oct 24, 2022 $247K$46K$201K$2.2M 990 PDF
FY2020Filed with the IRS Apr 23, 2021 $230K$41K$189K$1.9M 990 PDF

Schedules filed Part IV

A · Public support D · Assets and endowments I · Grants O · Explanations
See the full FY2023 990
Part I · Summary $292,387 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $125,638$210,581
I-9 Program service revenue$0
I-10 Investment incomePrior year $78,039$81,806
I-11 Other revenue$0
I-12 Total revenuePrior year $203,677$292,387
I-13 Grants and similar amounts paidPrior year $21,911$25,956
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $25,559$27,571
I-18 Total expensesPrior year $47,470$53,527
I-19 Revenue less expensesPrior year $156,207$238,860
Part VI · Governance 7 of 7 board members independent, 1 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $292,387 across 4 lines filed
VIII-1f All other contributions, gifts and grants$210,581
VIII-1h Total contributions, gifts and grants$210,581
VIII-3 Investment incomeExcluded from tax $81,806$81,806
VIII-12 Total revenueExcluded from tax $81,806$292,387
Part IX · Statement of functional expenses $53,527 across 30 lines filed
IX-1 Grants to domestic organizationsPrograms $25,956$25,956
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of officers and key staff (Part IX, line 5)$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $1,800$1,800
IX-11d Lobbying fees$0
IX-11f Investment management feesManagement $17,324$17,324
IX-11g Other fees for servicesPrograms $1,800 · Management $1,800 · Fundraising $1,800$5,400
IX-12 Advertising and promotionManagement $883$883
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsuranceManagement $1,429$1,429
IX-24 Other expenses (24a–d)Management $735$735
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $27,756 · Management $23,971 · Fundraising $1,800$53,527
Part X · Balance sheet $2,468,040 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $51,407$33,208
X-11 Publicly traded securitiesStart of year $1,924,371$2,434,832
X-16 Total assetsStart of year $1,975,778$2,468,040
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $1,775,778$2,268,040
X-28 Net assets with donor restrictionsStart of year $200,000$200,000
X-32 Total net assets or fund balancesStart of year $1,975,778$2,468,040
X-33 Total liabilities and net assetsStart of year $1,975,778$2,468,040
Part XI · Reconciliation of net assets $2,468,040 net assets at year end
XI-1 Total revenue$292,387
XI-2 Total expenses$53,527
XI-3 Revenue less expenses$238,860
XI-4 Net assets at start of year$1,975,778
XI-5 Net unrealized gains (losses) on investments$253,402
XI-10 Net assets at end of year$2,468,040

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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