Cannon Beach Library FY2024 filing

Tax-deductible

Cannon Beach, OR501(c)(3)EIN 93-0722363Revenue $130K in FY2024

On file with the IRSPo Box 486, 97110-0486 · Cannon Beach, ORTax-exempt since Feb 1979Publicly supported charity — 170(b)(1)(A)(vi)

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To be a resource for books and other reading material for community use to promote literacy and love of reading within the community and to sponsor activities that build fellowship in the community.

501(c)(3) charity; gifts are tax-deductible.
20¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · 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 4
filings with a surplus
Average surplus $19K a year · 16% of revenue · last 4 filings
Looks good: a surplus in 4 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
20%
of spending
Concern: 20% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
38 mo
of spending, in cash
Looks good: 37.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $2K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$3K
0.4% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$130K
+11% vs prior year
Spent
$113K
To programs
20%
Net assets
$566K
By yearFY2019–FY2025
Revenue
$130K
FY2024▲ +11%
Tap a bar for its year
Revenue by fiscal year
FY2019$93K
FY2020$97K
FY2021$80K
FY2022$102K
FY2023$117K
FY2024$130K
FY2025$123K
Expenses
$113K
FY2024▲ +32%
Tap a bar for its year
Expenses by fiscal year
FY2019Not on file
FY2020Not on file
FY2021Not on file
FY2022$77K
FY2023$86K
FY2024$113K
FY2025$121K
Net assets
$566K
FY2024▲ +5%
Tap a bar for its year
Net assets by fiscal year
FY2019$406K
FY2020$458K
FY2021$493K
FY2022$509K
FY2023$538K
FY2024$566K
FY2025$575K

From the FY2024 Form 990 (year ending April 2024) · see the original

Form 990 (PDF) Claim
You’re viewing the FY2024 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 Feb 1979.

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

Where the money goes

20 cents of each dollar spent went to programs.

Program services 20% · $22K Management & general 77% · $87K Fundraising 3% · $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

11 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 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 Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
President
$0Pt VII · Sec A
See Cannon Beach Library 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 books and reading activities to foster literacy and community connection.

Questions for Cannon Beach Library

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Provided by the organization

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3 programs · $22K · in their own filed words · FY2023
01

The library is open to patrons five days each week. Patrons also have access to E-books and interlibrary loans.

$19Kprogram expense
02

The librarys dedicated childrens room offers programs for all ages, including Books for Babies, a Summer Reading Program, crafting events, and monthly Bilingual Story Times.

$3Kprogram expense
03

The library provided its NW Authors speaker series in person, and through Zoom and Facebook Live.

$63program expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$2K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$130K
Ln 12
Gifts and grantsLn 1h$81K
Fees for servicesLn 2g$24K
Other incomeLn 4–11$16K
Money outPt IX
$113K
Ln 25
Programscol B$22K
Managementcol C$87K
Fundraisingcol D$4K
Owns and owesPt X
$566K
net assets · Ln 32
Cash and savingsLn 1–2$355K
Total assetsLn 16$568K
LiabilitiesLn 26$3K
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$81K
Government grantsLn 1e$20K
Fundraising eventsLn 1c$3K
Fees for servicesLn 2g$24K
Investment incomeLn 3$9K
Other incomeLn 4–11$16K
Total revenueLn 12$130K
Assets in detailPt X, end of year
CashLn 1$86K
SavingsLn 2$269K
Cash and savings togetherLn 1–2$355K
InvestmentsLn 11–13$148K
Land, buildings, equipmentLn 10c$66K
Total assetsLn 16$568K
LiabilitiesLn 26$3K
Net assetsLn 32$566K
OperationsPt I, VI
EmployeesI 51
VolunteersI 6105
Fiscal year endsHeaderApril
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$340K$355K
InvestmentsLn 11–13$135K$148K
Land, buildings, equipmentLn 10c$64K$66K
Total assetsLn 16$540K$568K
LiabilitiesLn 26$2K$3K
Net assetsLn 32$538K$566K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$100$100
Grants to domestic individualsLn 2$3K$3K
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$47K$47K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$4K$4K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$4K$4K
Lobbying feesLn 11d$0
Investment management feesLn 11f$3K$3K
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$2K$440$2K
Office expensesLn 13$10K$3K$4K$2K
Information technologyLn 14$8K$6K$2K
RoyaltiesLn 15$0
OccupancyLn 16$13K$13K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$6K$156$6K
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$10K$10K$811
All other expensesLn 24e$0
Total functional expensesLn 25$113K$22K$87K$4K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $123K$121K$3K$575K 990 PDF
FY2024 Viewing $130K$113K$17K$566K 990 PDF
FY2023 $117K$86K$31K$538K 990 PDF
FY2022 $102K$77K$24K$509K 990 PDF
FY2021 $80K$493K 990 PDF
FY2020 $97K$458K 990 PDF
FY2019 $93K$406K 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 $129,822 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $29,125$80,839
I-9 Program service revenuePrior year $26,306$23,842
I-10 Investment incomePrior year $3,091$8,655
I-11 Other revenuePrior year $58,164$16,486
I-12 Total revenuePrior year $116,686$129,822
I-13 Grants and similar amounts paidPrior year $2,000$3,100
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $35,760$51,276
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $47,958$58,687
I-18 Total expensesPrior year $85,718$113,063
I-19 Revenue less expensesPrior year $30,968$16,759
Part VI · Governance 10 of 10 board members independent, 3 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
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
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $129,822 across 10 lines filed
VIII-1b Membership dues$1,920
VIII-1c Fundraising events$3,403
VIII-1e Government grants$20,000
VIII-1f All other contributions, gifts and grants$55,516
VIII-1h Total contributions, gifts and grants$80,839
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $23,842$23,842
VIII-3 Investment incomeRelated to mission $8,655$8,655
VIII-8 Net income from fundraising events$16,437
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $49$49
VIII-12 Total revenueRelated to mission $32,546$129,822
Part IX · Statement of functional expenses $113,063 across 30 lines filed
IX-1 Grants to domestic organizationsPrograms $100$100
IX-2 Grants to domestic individualsPrograms $3,000$3,000
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesManagement $47,106$47,106
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesManagement $4,170$4,170
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $3,534$3,534
IX-11d Lobbying fees$0
IX-11f Investment management feesManagement $2,572$2,572
IX-11g Other fees for services$0
IX-12 Advertising and promotionManagement $440 · Fundraising $1,639$2,079
IX-13 Office expensesPrograms $3,391 · Management $4,225 · Fundraising $2,145$9,761
IX-14 Information technologyPrograms $5,908 · Management $1,733$7,642
IX-15 Royalties$0
IX-16 OccupancyManagement $13,345$13,345
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $156 · Management $5,956$6,112
IX-23 InsuranceManagement $3,272$3,272
IX-24 Other expenses (24a–d)Programs $9,559 · Management $811$10,370
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $22,114 · Management $87,164 · Fundraising $3,784$113,063
Part X · Balance sheet $568,473 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $177,427$86,010
X-2 Savings and temporary cash investmentsStart of year $162,569$268,724
X-9 Prepaid expenses and deferred chargesStart of year $453$322
X-10c Land, buildings and equipment, netStart of year $63,963$65,520
X-11 Publicly traded securitiesStart of year $135,417$147,897
X-16 Total assetsStart of year $539,829$568,473
X-17 Accounts payable and accrued expensesStart of year $1,792$2,545
X-26 Total liabilitiesStart of year $1,792$2,545
X-27 Net assets without donor restrictionsStart of year $510,258$533,769
X-28 Net assets with donor restrictionsStart of year $27,779$32,159
X-32 Total net assets or fund balancesStart of year $538,037$565,928
X-33 Total liabilities and net assetsStart of year $539,829$568,473
Part XI · Reconciliation of net assets $565,928 net assets at year end
XI-1 Total revenue$129,822
XI-2 Total expenses$113,063
XI-3 Revenue less expenses$16,759
XI-4 Net assets at start of year$538,037
XI-5 Net unrealized gains (losses) on investments$11,553
XI-9 Other changes in net assets−$421
XI-10 Net assets at end of year$565,928

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

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