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The Library Foundation INC

Tax-deductible

Bradenton, FL501(c)(3)EIN 59-2590387Revenue $368K in FY2025

On file with the IRS1301 Barcarrota Blvd, 34205-7522 · Bradenton, FLTax-exempt since Oct 1988Supporting organization — 509(a)(3)

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The Library Foundation, INC.'s mission is to ensure that the manatee county Library system obtains supplemental funds and support to achieve its potential as an indispensable community resource.

501(c)(3) charity; gifts are tax-deductible.
63¢ of each $1 spent went to programs.
Run by 13 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $207K a year · 50% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
63%
of spending
Worth a look: 63% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 1.5 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $160K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$17K
0.4% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$368K
-69% vs prior year
Spent
$290K
To programs
63%
Net assets
$4.4M
By yearFY2020–FY2025
Revenue
$368K
FY2025▼ -69%
Tap a bar for its year
Revenue by fiscal year
FY2020$114K
FY2021$401K
FY2022$318K
FY2023$95K
FY2024$1.2M
FY2025$368K
Expenses
$290K
FY2025▼ -8%
Tap a bar for its year
Expenses by fiscal year
FY2020$135K
FY2021$74K
FY2022$109K
FY2023$304K
FY2024$316K
FY2025$290K
Net assets
$4.4M
FY2025▲ +5%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.6M
FY2021$3.5M
FY2022$3.2M
FY2023$2.9M
FY2024$4.1M
FY2025$4.4M

From the FY2025 Form 990 (year ending May 2025) · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 1988.

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

Where the money goes

63 cents of each dollar spent went to programs.

Program services 63% · $182K Management & general 15% · $44K Fundraising 22% · $64K

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

11 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Bobbi Jayne Vitale
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Ralph Hughes
Secretary
$0Pt VII · Sec A
Tj Kornett
President
$0Pt VII · Sec A
Julie Perry
Director
$0Pt VII · Sec A
Sue Seiter
Director
$0Pt VII · Sec A
See The Library Foundation INC executive salaries →

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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

Provides extra funds and support to help the library system be a vital community resource.

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Provided by the organization

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1 program · $182K · in their own filed words · FY2024
01

Annual distribution from our unrestricted funds held by the manatee community foundation. We budget 3.5% from the restricted funds. The county representative drafts requests for the funding which are materials for the libraries that would not be available through traditional funding.

$182Kprogram 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 · FY2024
Manatee Community Foundation INCFY2024$160K
Total grants receivedfrom 1 funder$160K
Grants paid · 3 grants · $346K · 2020–2023
Manatee County Librrary AssociationFY2023$217,020
Manatee County Librrary AssociationFY2021$78,033
Manatee County Librrary AssociationFY2020$50,777

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$368K
Ln 12
Investment incomeLn 3$272K
Gifts and grantsLn 1h$96K
Money outPt IX
$290K
Ln 25
Programscol B$182K
Managementcol C$44K
Fundraisingcol D$64K
Owns and owesPt X
$4.4M
net assets · Ln 32
Cash and savingsLn 1–2$37K
Total assetsLn 16$4.4M
LiabilitiesLn 26$17K
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$96K
Fundraising eventsLn 1c$73K
Investment incomeLn 3$272K
Gains on assetsLn 7$158K
Total revenueLn 12$368K
Assets in detailPt X, end of year
CashLn 1$37K
Cash and savings togetherLn 1–2$37K
InvestmentsLn 11–13$4.3M
Total assetsLn 16$4.4M
LiabilitiesLn 26$17K
Net assetsLn 32$4.4M
OperationsPt I, VI
EmployeesI 50
VolunteersI 613
Fiscal year endsHeaderMay
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$59K$37K
InvestmentsLn 11–13$4.1M$4.3M
Total assetsLn 16$4.1M$4.4M
LiabilitiesLn 26$4K$17K
Net assetsLn 32$4.1M$4.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$104K$104K
Accounting feesLn 11c$6K$6K
Other fees for servicesLn 11g$24K$24K
Advertising and promotionLn 12$882$882
Other expenses (24a–d)Ln 24$150K$72K$14K$64K
All other expensesLn 24e$6K$6K
Total functional expensesLn 25$290K$182K$44K$64K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $368K$290K$78K$4.4M 990 PDF
FY2024 $1.2M$316K$857K$4.1M 990 PDF
FY2023 $95K$304K−$209K$2.9M 990 PDF
FY2022 $318K$109K$209K$3.2M 990 PDF
FY2021 $401K$74K$327K$3.5M 990 PDF
FY2020 $114K$135K−$21K$2.6M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $368,213 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,055,950$96,277
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $117,073$271,936
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,173,023$368,213
I-13 Grants and similar amounts paidPrior year $217,020$104,255
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $98,597$186,039
I-18 Total expensesPrior year $315,617$290,294
I-19 Revenue less expensesPrior year $857,406$77,919
Part VI · Governance 12 of 12 board members independent, 1 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
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 $368,213 across 7 lines filed
VIII-1c Fundraising events$72,628
VIII-1f All other contributions, gifts and grants$23,649
VIII-1h Total contributions, gifts and grants$96,277
VIII-3 Investment incomeExcluded from tax $114,216$114,216
VIII-7 Net gain or loss on sales of assetsExcluded from tax $157,720$157,720
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $271,936$368,213
Part IX · Statement of functional expenses $290,294 across 6 lines filed
IX-1 Grants to domestic organizationsPrograms $104,255$104,255
IX-11c Accounting feesManagement $5,800$5,800
IX-11g Other fees for servicesManagement $23,673$23,673
IX-12 Advertising and promotionManagement $882$882
IX-24 Other expenses (24a–d)Programs $71,952 · Management $13,856 · Fundraising $64,094$149,902
IX-24e All other expensesPrograms $5,782$5,782
IX-25 Total functional expensesPrograms $181,989 · Management $44,211 · Fundraising $64,094$290,294
Part X · Balance sheet $4,378,268 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $59,410$36,984
X-11 Publicly traded securitiesStart of year $4,086,530$4,341,284
X-16 Total assetsStart of year $4,145,940$4,378,268
X-17 Accounts payable and accrued expensesStart of year $3,500$17,238
X-26 Total liabilitiesStart of year $3,500$17,238
X-27 Net assets without donor restrictionsStart of year $3,958,130$4,165,534
X-28 Net assets with donor restrictionsStart of year $184,310$195,496
X-32 Total net assets or fund balancesStart of year $4,142,440$4,361,030
X-33 Total liabilities and net assetsStart of year $4,145,940$4,378,268
Part XI · Reconciliation of net assets $4,361,030 net assets at year end
XI-1 Total revenue$368,213
XI-2 Total expenses$290,294
XI-3 Revenue less expenses$77,919
XI-4 Net assets at start of year$4,142,440
XI-5 Net unrealized gains (losses) on investments$140,671
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$4,361,030

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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