La Conner Library Foundation EIN 80-0830829

La Conner Library Foundation

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Supports the La Conner Regional Library through fundraising and community engagement. For fiscal year 2025 it reported $191K in revenue, $87K in expenses, and $172K in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
La Conner, WA
Website
laconnerlibraryfoundation.org
Filings
5 on file (2021–2025)
Revenue
$191KFY2025
Expenses
$87K
Net assets
$172K
People
8
Filings
5
Updates
0
More identity details & actions ⌄
EIN  80-0830829 Public charity (501(c)(3)) La Conner, WA
Form 990 (PDF)
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Size
$100K–1M
What they do
Supports the La Conner Regional Library through fundraising and community engagement.
Leadership
Bj Carol · Director
Money in and out
$191K revenue, $87K expenses
Bottom line
85% program efficiency
Where the money goes · FY2025
Total revenue
$191K
Pt VIII · Ln 12
Total expenses
$87K
Pt IX · Ln 25
Net assets
$172K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $104K
Where spending went · Part IX cols B–D
Program services $0.85 Management & general $0.11 Fundraising $0.04
Program efficiency
85%
of spending reaches programs▲ +12% vs prior filing year
Operating runway
23.9mo
months of highly liquid reserves at operating expense rate▲ +61% vs prior filing year
Surplus margin
+54%
revenue over expenses, this year▲ +350% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$191K
FY2025▲ +202%
Expenses
$87K
FY2025▲ +56%
Total assets
$173K
FY2025▲ +154%
Total liabilities
$984
FY2025
Total revenue
$191K
Pt VIII · Ln 12
Total expenses
$87K
Pt IX · Ln 25
Net assets
$172K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$104K
Total assetsPt X · Ln 16$173K
Program-expense ratioPt IX · col B85%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 48
Mission & Programs · Part III

Where the work happens

1 program service account for $74K of program spending, described in the organization's own filed words · FY2024.
01

To encourage community support for the la conner regional library, its staff and services. The foundation solicits, manages and disburses individual and corporate gifts and grants for the enhancement of the librarys facilities, materials, programs and services.

$74Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CLa Conner Library Foundation
EINHdr · item D80-0830829
Principal addressHdr · item CLa Conner, WA
WebsiteHdr · item Jlaconnerlibraryfoundation.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MWA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B11)
Ruling yearIRS BMFJan 2014

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a8
Independent voting membersPt VI · Ln 1b8
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Predident
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$140K · 74%
Other revenue$49K · 25%
Investment income$2K · 1%
Contributions & grants74%$140K
Other revenue25%$49K
Investment income1%$2K
— government grantsLn 1e$8K
Total revenueLn 12$191K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.85 Management & general $0.11 Fundraising $0.04
Program services85%$74K
Management & general11%$10K
Fundraising4%$3K
Total functional expensesLn 25$87K

Balance Sheet

Part X · end of year
CashLn 1$173K
Total assetsLn 16$173K
Total liabilitiesLn 26$984
Total net assetsLn 32$172K
Months of cash on handcomputed23.9

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $173K · Operating expenses/yr $87K
23.9 months
Where the money goes
Program services
Program services $74K · Total expenses $87K
85%
Management & General
Management & general $10K · Total expenses $87K
11%
Fundraising
Fundraising $3K · Total expenses $87K
4%
Cost to raise $1
Fundraising expense (3-yr avg) $4K · Solicited contributions (3-yr avg) $72K
$0.05 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $140K · Total revenue $191K
74%
Government reliance
Government grants $8K · Total revenue $191K
4%
Earned-income share
Program service revenue $0 · Total revenue $191K
0%
Investment reliance
Investment income $2K · Total revenue $191K
+1%
Program self-sufficiency
Program service revenue $0 · Total expenses $87K
0%
Growth & trend
Revenue growth (YoY)
This year $191K · Prior year $63K
+202%
Revenue CAGR
FY2020 $225K · FY2024 $191K
-4%
Net-asset trend (YoY)
End of year $172K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $191K · Expenses $87K
+54%
Liabilities-to-Assets
Total liabilities — · Total assets $173K
Net-asset ratio
Net assets $172K · Total assets $173K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $173K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Bj Carol · Reported title DIRECTOR · Highest reported compensation $0 · Total expenses $87K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $87K
0%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 85%
Overhead ratio 11%
Fundraising cost ratio 2%
Revenue growth 202%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 3%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 2 funders$30K
Grants paid · 9 grants · $1.2M · 2020–2024
La Conner Swinomish LibraryFY2024$62,063
La Conner Regional LibraryFY2023$31,750
La Conner Regional LibraryFY2023$9,000
La Conner Regional LibraryFY2022$252,634
La Conner Regional LibraryFY2022$6,500
La Conner Regional LibraryFY2021$157,436
La Conner Regional LibraryFY2021$6,500
La Conner LibaryFY2020$696,706
La Conner LibraryFY2020$6,500

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$191K revenue · viewing · ⤓ 990 PDF
FY2024$63K revenue · ⤓ 990 PDF
FY2023$62K revenue · ⤓ 990 PDF
FY2022$163K revenue · ⤓ 990 PDF
FY2021$225K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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