Salem Public Library Foundation EIN 93-0799658 Form 990 (PDF) Claim this org

Salem Public Library Foundation

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Funds public library projects and services not covered by taxes. For fiscal year 2024 it reported $235K in revenue, $298K in expenses, and $3.4M in net assets.Pt I

Founded
1981
Type
Public charity (501(c)(3)) · Nonprofit
Location
Salem, OR
Website
splfoundation.org
Filings
4 on file (2021–2024)
Revenue
$235KFY2024
Expenses
$298K
Net assets
$3.4M
People
13
Filings
4
Updates
0
More identity details & actions ⌄
EIN  93-0799658 Public charity (501(c)(3)) Salem, OR Founded 1981
Form 990 (PDF)
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Size
$100K–1M
What they do
Funds public library projects and services not covered by taxes.
Leadership
Taylor Sarman · Executive Dir. · $16K
Money in and out
$235K revenue, $298K expenses
Bottom line
62% program efficiency
Where the money goes · FY2024
Total revenue
$235K
Pt VIII · Ln 12
Total expenses
$298K
Pt IX · Ln 25
Net assets
$3.4M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$62K
Where spending went · Part IX cols B–D
Program services $0.62 Management & general $0.38 Fundraising $0.00
Program efficiency
62%
of spending reaches programs▼ -1% vs prior filing year
Operating runway
136.5mo
months of highly liquid reserves at operating expense rate▲ +6% vs prior filing year
Surplus margin
-26%
revenue over expenses, this year▲ +38% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$235K
FY2024▲ +1%
Expenses
$298K
FY2024▼ -10%
Total assets
$3.4M
FY2024▲ +2%
Total liabilities
$9K
FY2024▼ -70%
Total revenue
$235K
Pt VIII · Ln 12
Total expenses
$298K
Pt IX · Ln 25
Net assets
$3.4M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$62K
Total assetsPt X · Ln 16$3.4M
Program-expense ratioPt IX · col B62%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSalem Public Library Foundation
EINHdr · item D93-0799658
Principal addressHdr · item CSalem, OR
WebsiteHdr · item Jsplfoundation.org
Year of formationHdr · item L1981
State of legal domicileHdr · item MOR
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFJan 1982

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b9
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
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
Executive Dir.
$16,500Pt VII · Sec A
$0Pt VII · Sec A
Ex Officio Boar
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021
Kate Van Ummersen$88,714$69,366$63,971$66,703
Taylor Sarman$16,500

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

1 program service account for $186K of program spending, described in the organization's own filed words · FY2024.
01

Each year SPLF funds Salem Reads, a community reads program, which encourages everyone to read the same book and participate in a month of programming around the themes of the book. Our goal is to encourage reading and awareness of the Library to our diverse community.

$186Kprogram expense

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Statement of Revenue

Part VIII
Investment income$175K · 74%
Contributions & grants$60K · 26%
Investment income74%$175K
Contributions & grants26%$60K
— government grantsLn 1e$17K
Total revenueLn 12$235K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.62 Management & general $0.38 Fundraising $0.00
Program services62%$186K
Management & general38%$112K
Fundraising$161
Total functional expensesLn 25$298K

Balance Sheet

Part X · end of year
CashLn 1$308K
Total assetsLn 16$3.4M
Total liabilitiesLn 26$9K
Total net assetsLn 32$3.4M
Months of cash on handcomputed12.4

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $3.4M · Operating expenses/yr $298K
136.5 months
Where the money goes
Program services
Program services $186K · Total expenses $298K
62%
Management & General
Management & general $112K · Total expenses $298K
38%
Fundraising
Fundraising $161 · Total expenses $298K
0.05%
Cost to raise $1
Fundraising expense (3-yr avg) $9K · Solicited contributions (3-yr avg) $92K
$0.10 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $60K · Total revenue $235K
26%
Government reliance
Government grants $17K · Total revenue $235K
7%
Earned-income share
Program service revenue $0 · Total revenue $235K
0%
Investment reliance
Investment income $175K · Total revenue $235K
+74%
Program self-sufficiency
Program service revenue $0 · Total expenses $298K
0%
Growth & trend
Revenue growth (YoY)
This year $235K · Prior year $232K
+1%
Revenue CAGR
FY2020 $732K · FY2024 $235K
-25%
Net-asset trend (YoY)
End of year $3.4M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $235K · Expenses $298K
-26%
Liabilities-to-Assets
Total liabilities — · Total assets $3.4M
Net-asset ratio
Net assets $3.4M · Total assets $3.4M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $3.1M · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $3.4M
91%
People & payroll
Highest Reported Total Compensation
Individual Taylor Sarman · Reported title Executive Dir. · Highest reported compensation $16K · Total expenses $298K
6%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $50K · Total expenses $298K
17%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 62%
Overhead ratio 38%
Fundraising cost ratio 0.3%
Revenue growth 1%

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 3 funders$10K
See all 3 funders →
Grants paid · 5 grants · $775K · 2020–2024
Salem Public LibraryFY2024$156,364
Salem Public LibraryFY2023$159,881
Salem Public LibraryFY2022$292,202
Salem Public LibraryFY2021$24,045
Salem Public LibraryFY2020$142,864

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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
FY2024$232K revenue · ⤓ 990 PDF
FY2023$523K revenue · ⤓ 990 PDF
FY2022$216K revenue · ⤓ 990 PDF
FY2021$732K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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