Marin County Library Foundation FY2023 filing

Tax-deductible

San Rafael, CA501(c)(3)EIN 68-0048936Revenue $69K in FY2023

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.
45¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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
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
45%
of spending
Concern: 45% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
15 mo
of spending, in cash
Looks good: 15.2 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 7 voting members
Concern: none of 7 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$69K
+27% vs prior year
Spent
$86K
To programs
45%
Net assets
$816K
By yearFY2021–FY2025
Revenue
$69K
FY2023▲ +27%
Tap a bar for its year
Revenue by fiscal year
FY2021$404K
FY2022$54K
FY2023$69K
FY2024$176K
FY2025$115K
Expenses
$86K
FY2023▲ +15%
Tap a bar for its year
Expenses by fiscal year
FY2021$315K
FY2022$75K
FY2023$86K
FY2024$79K
FY2025$102K
Net assets
$816K
FY2023▼ -8%
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 FY2023 Form 990 (year ending June 2023) · see the original

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You’re viewing the FY2023 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

45 cents of each dollar spent went to programs.

Program services 45% · $38K Management & general 36% · $31K Fundraising 19% · $16K

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

7 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 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 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.

Provided by the organization

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1 program · $38K · in their own filed words · FY2022
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

$38Kprogram 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 FY2023 990, line by line.

1The main four
Money inPt VIII
$69K
Ln 12
Gifts and grantsLn 1h$60K
Investment incomeLn 3$9K
Money outPt IX
$86K
Ln 25
Programscol B$38K
Managementcol C$31K
Fundraisingcol D$16K
Owns and owesPt X
$816K
net assets · Ln 32
Cash and savingsLn 1–2$109K
Total assetsLn 16$816K
LiabilitiesLn 26$0
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$60K
Investment incomeLn 3$9K
Total revenueLn 12$69K
Assets in detailPt X, end of year
CashLn 1$109K
Cash and savings togetherLn 1–2$109K
InvestmentsLn 11–13$707K
Total assetsLn 16$816K
LiabilitiesLn 26$0
Net assetsLn 32$816K
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 FY23End FY23
Cash and savingsLn 1–2$128K$109K
InvestmentsLn 11–13$761K$707K
Total assetsLn 16$889K$816K
LiabilitiesLn 26$0$0
Net assetsLn 32$889K$816K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$4K$4K
Investment management feesLn 11f$7K$7K
Other fees for servicesLn 11g$47K$36K$11K
Advertising and promotionLn 12$19K$3K$16K
Office expensesLn 13$259$259
Information technologyLn 14$5K$5K
Conferences, conventions and meetingsLn 19$3K$3K
InsuranceLn 23$1K$1K
Total functional expensesLn 25$86K$38K$31K$16K

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 Viewing $69K$86K−$17K$816K 990 PDF
FY2022 $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 FY2023 990 (6 parts)
Part I · Summary $68,950 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $47,340$60,210
I-9 Program service revenue$0
I-10 Investment incomePrior year $7,091$8,740
I-11 Other revenue$0
I-12 Total revenuePrior year $54,431$68,950
I-13 Grants and similar amounts paid$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 $74,687$85,804
I-18 Total expensesPrior year $74,687$85,804
I-19 Revenue less expensesPrior year −$20,256−$16,854
Part VI · Governance 0 of 7 board members independent, 4 to look at
VI-1a Voting members of the governing body7
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 $68,950 across 4 lines filed
VIII-1f All other contributions, gifts and grants$60,210
VIII-1h Total contributions, gifts and grants$60,210
VIII-3 Investment incomeRelated to mission $8,740$8,740
VIII-12 Total revenueRelated to mission $8,740$68,950
Part IX · Statement of functional expenses $85,804 across 8 lines filed
IX-11c Accounting feesManagement $3,794$3,794
IX-11f Investment management feesManagement $6,926$6,926
IX-11g Other fees for servicesPrograms $35,857 · Management $11,421$47,278
IX-12 Advertising and promotionPrograms $2,549 · Fundraising $16,313$18,862
IX-13 Office expensesManagement $259$259
IX-14 Information technologyManagement $5,100$5,100
IX-19 Conferences, conventions and meetingsManagement $2,578$2,578
IX-23 InsuranceManagement $1,007$1,007
IX-25 Total functional expensesPrograms $38,406 · Management $31,085 · Fundraising $16,313$85,804
Part X · Balance sheet $816,127 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $128,155$108,651
X-11 Publicly traded securitiesStart of year $760,672$707,476
X-16 Total assetsStart of year $888,827$816,127
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $888,827$816,127
X-33 Total liabilities and net assetsStart of year $888,827$816,127
Part XI · Reconciliation of net assets $816,127 net assets at year end
XI-1 Total revenue$68,950
XI-2 Total expenses$85,804
XI-3 Revenue less expenses−$16,854
XI-4 Net assets at start of year$888,827
XI-5 Net unrealized gains (losses) on investments−$55,846
XI-10 Net assets at end of year$816,127

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

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