Marin County Library Foundation: FY2024 Nonprofit Profile & Form 990 (EIN 68-0048936)

Revenue by fiscal year
FY2021	$404K
FY2022	$54K
FY2023	$69K
FY2024	$176K
FY2025	$115K

Expenses by fiscal year
FY2021	$315K
FY2022	$75K
FY2023	$86K
FY2024	$79K
FY2025	$102K

Net assets by fiscal year
FY2021	$1.0M
FY2022	$889K
FY2023	$816K
FY2024	$1.1M
FY2025	$1.2M

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

71 cents of each dollar spent went to programs.

71%

24%

Program services 71% · $56K Management & general 24% · $19K Fundraising 5% · $4K

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 (FY2023); the FY2024 filing did not itemize Part VII

Richard Brown

Board Member

$0Pt VII · Sec A

Liz Paris

Board Member

$0Pt VII · Sec A

Lana Adlawan

Board Member

$0Pt VII · Sec A

John McLeod

Board Member

$0Pt VII · Sec A

Kate Rabbe

President

$0Pt VII · Sec A

Alison Howard

Treasurer

$0Pt VII · Sec A

Chantel Walker

Secretary

$0Pt VII · Sec A

Joel Fugazzotto

Vice President

$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.

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Provided by the organization

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1 program · $56K · in their own filed words · FY2023

01

Students grants for scholarships awarded to help students achieve goals in higher education. Payments also made to library branches directly in order to help ensure 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…

$56Kprogram 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

The Pittsburgh FoundationFY2024$16K

Marin Community FoundationFY2024$14K

Fidelity Investments Charitable Gift FundFY2024$7K

Hobson Lucas Family FoundationFY2024$1K

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 FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$176K

Ln 12

Gifts and grantsLn 1h$166K

Investment incomeLn 3$10K

Money outPt IX

$79K

Ln 25

Programscol B$56K

Managementcol C$19K

Fundraisingcol D$4K

Owns and owesPt X

$1.1M

net assets · Ln 32

Cash and savingsLn 1–2$194K

Total assetsLn 16$1.1M

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$166K

Noncash giftsLn 1g$320

Investment incomeLn 3$10K

Total revenueLn 12$176K

Assets in detailPt X, end of year

CashLn 1$194K

Cash and savings togetherLn 1–2$194K

InvestmentsLn 11–13$876K

Total assetsLn 16$1.1M

LiabilitiesLn 26$0

Net assetsLn 32$1.1M

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

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$109K	$194K
InvestmentsLn 11–13	$707K	$876K
Total assetsLn 16	$816K	$1.1M
LiabilitiesLn 26	$0	$0
Net assetsLn 32	$816K	$1.1M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Management feesLn 11a	$8K		$8K	$605
Accounting feesLn 11c	$2K		$2K
Lobbying feesLn 11d	$10K	$10K
Investment management feesLn 11f	$7K		$7K
Advertising and promotionLn 12	$1K		$1K
Office expensesLn 13	$4K		$15	$4K
InsuranceLn 23	$840		$840
Other expenses (24a–d)Ln 24	$46K	$46K	$99
Total functional expensesLn 25	$79K	$56K	$19K	$4K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$115K	$102K	$12K	$1.2M	990 PDF
FY2024 Viewing	$176K	$79K	$98K	$1.1M	990 PDF
FY2023	$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 FY2024 990 (6 parts)

Part I · Summary $176,199 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $60,210$165,732

I-9 Program service revenue$0

I-10 Investment incomePrior year $8,740$10,467

I-11 Other revenue$0

I-12 Total revenuePrior year $68,950$176,199

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 $85,804$78,567

I-18 Total expensesPrior year $85,804$78,567

I-19 Revenue less expensesPrior year −$16,854$97,632

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 $176,199 across 5 lines filed

VIII-1f All other contributions, gifts and grants$165,732

VIII-1g Noncash contributions (included above)$320

VIII-1h Total contributions, gifts and grants$165,732

VIII-3 Investment incomeRelated to mission $10,467$10,467

VIII-12 Total revenueRelated to mission $10,467 · Unrelated business $0 · Excluded from tax $0$176,199

Part IX · Statement of functional expenses $78,567 across 8 lines filed

IX-11a Management feesManagement $7,732 · Fundraising $605$8,337

IX-11c Accounting feesManagement $1,613$1,613

IX-11d Lobbying feesPrograms $10,000$10,000

IX-11f Investment management feesManagement $7,007$7,007

IX-12 Advertising and promotionManagement $1,351$1,351

IX-13 Office expensesManagement $15 · Fundraising $3,677$3,692

IX-23 InsuranceManagement $840$840

IX-24 Other expenses (24a–d)Programs $45,628 · Management $99$45,727

IX-25 Total functional expensesPrograms $55,628 · Management $18,657 · Fundraising $4,282$78,567

Part X · Balance sheet $1,070,576 assets, 6 lines filed

X-1 Cash, non-interest-bearingStart of year $108,651$194,088

X-11 Publicly traded securitiesStart of year $707,476$876,488

X-16 Total assetsStart of year $816,127$1,070,576

X-26 Total liabilitiesStart of year $0$0

X-32 Total net assets or fund balancesStart of year $816,127$1,070,576

X-33 Total liabilities and net assetsStart of year $816,127$1,070,576

Part XI · Reconciliation of net assets $1,070,576 net assets at year end

XI-1 Total revenue$176,199

XI-2 Total expenses$78,567

XI-3 Revenue less expenses$97,632

XI-4 Net assets at start of year$816,127

XI-5 Net unrealized gains (losses) on investments$54,388

XI-7 Investment expenses−$7,007

XI-8 Prior period adjustments$109,436

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$1,070,576

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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Marin County Library Foundation FY2024 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Marin County Library Foundation

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV