Marin County Library Foundation FY2022 filing

Tax-deductible

San Rafael, CA501(c)(3)EIN 68-0048936Revenue $54K in FY2022

On file with the IRSmarinlibraryfoundation.org3501 Civic Center Dr Ste 414, 94903-4189 · San Rafael, CATax-exempt since Oct 1987Publicly supported charity — 170(b)(1)(A)(vi)

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To insure that the Marin County free Library system will have sufficient financial resources to create and maintain a dynamic modern Library system with excellent facilities and technology to serve the needs of all Marin County residents.

501(c)(3) charity; gifts are tax-deductible.
48¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · 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
3 of 5
filings with a surplus
Average surplus $32K a year · 20% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
48%
of spending
Concern: 48% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
21 mo
of spending, in cash
Looks good: 20.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $39K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 8 voting members
Concern: none of 8 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$54K
-87% vs prior year
Spent
$75K
To programs
48%
Net assets
$889K
By yearFY2021–FY2025
Revenue
$54K
FY2022▼ -87%
Tap a bar for its year
Revenue by fiscal year
FY2021$404K
FY2022$54K
FY2023$69K
FY2024$176K
FY2025$115K
Expenses
$75K
FY2022▼ -76%
Tap a bar for its year
Expenses by fiscal year
FY2021$315K
FY2022$75K
FY2023$86K
FY2024$79K
FY2025$102K
Net assets
$889K
FY2022▼ -14%
Tap a bar for its year
Net assets by fiscal year
FY2021$1.0M
FY2022$889K
FY2023$816K
FY2024$1.1M
FY2025$1.2M

From the FY2022 Form 990 (year ending June 2022) · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 1987.

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

Where the money goes

48 cents of each dollar spent went to programs.

Program services 48% · $36K Management & general 28% · $21K Fundraising 24% · $18K

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 · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Presid
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
See Marin County Library Foundation 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

Ensures Marin County libraries have funds for modern facilities and technology.

Questions for Marin County Library Foundation

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Provided by the organization

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1 program · $36K · in their own filed words · FY2021
01

To insure that the marin county free library system will have sufficient financial resources to create and maintain a dynamic modern library system with excellent facilities and technology to serve the needs of all marin county residents. Current largest programs: learning hubs

$36Kprogram 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
Total grants receivedfrom 4 funders$39K
See all 4 funders →
Grants paid · 1 grant · $282K · 2020–2020
Unitemized GrantFY2020$282,130

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$54K
Ln 12
Gifts and grantsLn 1h$47K
Investment incomeLn 3$7K
Money outPt IX
$75K
Ln 25
Programscol B$36K
Managementcol C$21K
Fundraisingcol D$18K
Owns and owesPt X
$889K
net assets · Ln 32
Cash and savingsLn 1–2$128K
Total assetsLn 16$889K
LiabilitiesLn 26$0
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$47K
Investment incomeLn 3$7K
Total revenueLn 12$54K
Assets in detailPt X, end of year
CashLn 1$128K
Cash and savings togetherLn 1–2$128K
InvestmentsLn 11–13$761K
Total assetsLn 16$889K
LiabilitiesLn 26$0
Net assetsLn 32$889K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$157K$128K
InvestmentsLn 11–13$880K$761K
Total assetsLn 16$1.0M$889K
LiabilitiesLn 26$0$0
Net assetsLn 32$1.0M$889K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$7K$7K
Accounting feesLn 11c$5K$2K$2K
Investment management feesLn 11f$6K$6K
Other fees for servicesLn 11g$39K$33K$6K
Advertising and promotionLn 12$18K$18K
Office expensesLn 13$110$72$38
Total functional expensesLn 25$75K$36K$21K$18K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $115K$102K$12K$1.2M 990 PDF
FY2024 $176K$79K$98K$1.1M 990 PDF
FY2023 $69K$86K−$17K$816K 990 PDF
FY2022 Viewing $54K$75K−$20K$889K 990 PDF
FY2021 $404K$315K$88K$1.0M 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 FY2022 990 (6 parts)
Part I · Summary $54,431 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $398,772$47,340
I-9 Program service revenue$0
I-10 Investment incomePrior year $4,820$7,091
I-11 Other revenue$0
I-12 Total revenuePrior year $403,592$54,431
I-13 Grants and similar amounts paidPrior year $282,130$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $33,008$74,687
I-18 Total expensesPrior year $315,138$74,687
I-19 Revenue less expensesPrior year $88,454−$20,256
Part VI · Governance 0 of 8 board members independent, 4 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members0
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $54,431 across 4 lines filed
VIII-1f All other contributions, gifts and grants$47,340
VIII-1h Total contributions, gifts and grants$47,340
VIII-3 Investment incomeRelated to mission $7,091$7,091
VIII-12 Total revenueRelated to mission $7,091$54,431
Part IX · Statement of functional expenses $74,687 across 6 lines filed
IX-11a Management feesManagement $6,999$6,999
IX-11c Accounting feesPrograms $2,261 · Management $2,325$4,586
IX-11f Investment management feesManagement $5,937$5,937
IX-11g Other fees for servicesPrograms $33,253 · Management $5,705$38,958
IX-12 Advertising and promotionFundraising $18,097$18,097
IX-13 Office expensesPrograms $72 · Management $38$110
IX-25 Total functional expensesPrograms $35,586 · Management $21,004 · Fundraising $18,097$74,687
Part X · Balance sheet $888,827 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $156,518$128,155
X-11 Publicly traded securitiesStart of year $880,133$760,672
X-16 Total assetsStart of year $1,036,651$888,827
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $1,036,651$888,827
X-33 Total liabilities and net assetsStart of year $1,036,651$888,827
Part XI · Reconciliation of net assets $888,827 net assets at year end
XI-1 Total revenue$54,431
XI-2 Total expenses$74,687
XI-3 Revenue less expenses−$20,256
XI-4 Net assets at start of year$1,036,651
XI-5 Net unrealized gains (losses) on investments−$127,568
XI-10 Net assets at end of year$888,827

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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