Peninsula Library Friends Foundation

Tax-deductible

Rllng Hls Est, CA501(c)(3)Since 1961EducationEIN 95-3275918Revenue $1.2M in FY2025

On file with the IRSplffoundation.org701 Silver Spur Rd, 90274-3603 · Rllng Hls Est, CATax-exempt since Dec 1979Publicly supported charity — 170(b)(1)(A)(vi)

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The mission of the Peninsula Library Friends Foundation is to connect the palos verdes Library district with the community through communication, engagement and fundraising.

501(c)(3) charity; gifts are tax-deductible.
79¢ of each $1 spent went to programs.
Run by 200 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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 5
filings with a surplus
Average surplus $346K a year · 41% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
79%
of spending
Looks good: 79% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
5 mo
of spending, in cash
Looks good: 4.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $100
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$4K
0.05% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 14 voting members
Concern: none of 14 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.2M
-9% vs prior year
Spent
$599K
To programs
79%
Net assets
$7.7M
By yearFY2020–FY2025
Revenue
$1.2M
FY2025▼ -9%
Tap a bar for its year
Revenue by fiscal year
FY2020$572K
FY2021$497K
FY2022$586K
FY2023$0
FY2024$1.3M
FY2025$1.2M
Expenses
$599K
FY2025▲ +3%
Tap a bar for its year
Expenses by fiscal year
FY2020$607K
FY2021$261K
FY2022$437K
FY2023Not on file
FY2024$580K
FY2025$599K
Net assets
$7.7M
FY2025▲ +9%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.1M
FY2021$3.0M
FY2022$2.7M
FY2023Not on file
FY2024$7.1M
FY2025$7.7M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 1979.

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

Where the money goes

79 cents of each dollar spent went to programs.

Program services 79% · $476K Management & general 21% · $123K

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

14 people listed on the 990.

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

Merlin David’s $125K as Executive Dir. is at the 49th percentile of top reported officer pay among 3395 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

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

NameFY2024FY2022FY2021FY2020
Merlin David$124,594———
Colleen Cotter—$100,200$90,902$90,000

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.

See Peninsula Library Friends 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

Connects the library with the community through communication, engagement, and fundraising.

Questions for Peninsula Library Friends Foundation

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Provided by the organization

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2 programs · $476K · in their own filed words · FY2024
01

The organization contributes funds to support the palos verdes library district forsupport services that include capital contributions towards library events,equipment,newsletter, sunday library services, the youth summer reading program, and internet access for library patrons.

$248Kprogram expense
02

The organization builds community awareness and enthusiasm for the palos verdes library district programs. The organization holds special events and runs the sales of donated books for the library.

$228Kprogram 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 · FY2025
Total grants receivedfrom 1 funder$100
Grants paid · 5 grants · $1.2M · 2019–2024
Palos Verdes Library DistrictFY2024$247,612
Palos Verdes Library DistrictFY2023$295,544
Palos Verdes Library DistrictFY2021$220,966
Palos Verdes Library DistrictFY2020$70,184
Palos Verdes Library DistrictFY2019$351,674

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$1.2M
Ln 12
Investment incomeLn 3$687K
Gifts and grantsLn 1h$350K
Fees for servicesLn 2g$184K
Money outPt IX
$599K
Ln 25
Programscol B$476K
Managementcol C$123K
Owns and owesPt X
$7.7M
net assets · Ln 32
Cash and savingsLn 1–2$231K
Total assetsLn 16$7.7M
LiabilitiesLn 26$4K
PeoplePt VI, VII
14
listed · VII A
PaidVII A0
Voting boardVI 1a14
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$350K
Fees for servicesLn 2g$184K
Investment incomeLn 3$687K
Other incomeLn 4–11$58
Gains on assetsLn 7$0
Total revenueLn 12$1.2M
Assets in detailPt X, end of year
CashLn 1$231K
SavingsLn 2$0
Cash and savings togetherLn 1–2$231K
InvestmentsLn 11–13$7.4M
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$7.7M
LiabilitiesLn 26$4K
Net assetsLn 32$7.7M
OperationsPt I, VI
EmployeesI 50
VolunteersI 6200
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 FY25End FY25
Cash and savingsLn 1–2$298K$231K
InvestmentsLn 11–13$6.7M$7.4M
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$7.1M$7.7M
LiabilitiesLn 26$4K$4K
Net assetsLn 32$7.1M$7.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$248K$248K
Grants to domestic individualsLn 2$0
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$135K$135K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$85K$85K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$136$136
Payroll taxesLn 10$9K$9K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$11K$11K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$5K$5K
Office expensesLn 13$61K$61K
Information technologyLn 14$21K$21K
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$13K$13K
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$7K$7K
Other expenses (24a–d)Ln 24$6K$6K
All other expensesLn 24e$0
Total functional expensesLn 25$599K$476K$123K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $1.2M$599K$623K$7.7M 990 PDF
FY2024 $1.3M$580K$756K$7.1M 990 PDF
FY2023 $0 990 PDF
FY2022 $586K$437K$149K$2.7M 990 PDF
FY2021 $497K$261K$236K$3.0M 990 PDF
FY2020 $572K$607K−$35K$2.1M 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 FY2025 990 (6 parts)
Part I · Summary $1,221,908 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $389,057$350,296
I-9 Program service revenuePrior year $174,795$184,309
I-10 Investment incomePrior year $771,846$687,245
I-11 Other revenue$58
I-12 Total revenuePrior year $1,335,698$1,221,908
I-13 Grants and similar amounts paidPrior year $295,544$247,612
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $211,856$228,510
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $72,181$123,267
I-18 Total expensesPrior year $579,581$599,389
I-19 Revenue less expensesPrior year $756,117$622,519
Part VI · Governance 0 of 14 board members independent, 4 to look at
VI-1a Voting members of the governing body14
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 $1,221,908 across 10 lines filed
VIII-1f All other contributions, gifts and grants$350,296
VIII-1h Total contributions, gifts and grants$350,296
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Excluded from tax $184,309$184,309
VIII-3 Investment incomeExcluded from tax $687,245$687,245
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $58$58
VIII-12 Total revenueExcluded from tax $871,612$1,221,908
Part IX · Statement of functional expenses $599,389 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $247,612$247,612
IX-2 Grants to domestic individuals$0
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 staffPrograms $135,205$135,205
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $84,653$84,653
IX-8 Pension plan contributions$0
IX-9 Other employee benefitsManagement $136$136
IX-10 Payroll taxesPrograms $8,516$8,516
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $10,667$10,667
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotionManagement $5,159$5,159
IX-13 Office expensesManagement $60,868$60,868
IX-14 Information technologyManagement $20,761$20,761
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsManagement $12,771$12,771
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsuranceManagement $7,059$7,059
IX-24 Other expenses (24a–d)Management $5,982$5,982
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $475,986 · Management $123,403 · Fundraising $0$599,389
Part X · Balance sheet $7,688,621 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $298,356$231,420
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or useStart of year $23,265$30,365
X-9 Prepaid expenses and deferred chargesStart of year $8,883$5,860
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securitiesStart of year $2,689,034$2,906,365
X-12 Other securitiesStart of year $4,046,640$4,514,611
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $7,066,178$7,688,621
X-17 Accounts payable and accrued expensesStart of year $4,270$4,194
X-26 Total liabilitiesStart of year $4,270$4,194
X-32 Total net assets or fund balancesStart of year $7,061,908$7,684,427
X-33 Total liabilities and net assetsStart of year $7,066,178$7,688,621
Part XI · Reconciliation of net assets $7,684,427 net assets at year end
XI-1 Total revenue$1,221,908
XI-2 Total expenses$599,389
XI-3 Revenue less expenses$622,519
XI-4 Net assets at start of year$7,061,908
XI-10 Net assets at end of year$7,684,427

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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