The Newport Beach Library Foundation
- Assets
- $3.1m
- Revenue
- $977.4k
- Investments
- $2.7m
- Employees
- 5
- Location
- Newport Beach, CA
- Founding
- 01/1994
- Data as of
- 06/2022
- EIN
- 33-0593010
Organization Overview
The Newport Beach Library Foundation is located in Newport Beach, CA. The organization was established in 1994. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2022, Newport Beach Library Foundation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Newport Beach Library Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Newport Beach Library Foundation generated $977.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $639.9k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE NEWPORT BEACH PUBLIC LIBRARY FOUNDATION FUNDS VALUABLE LIBRARY RESOURCES,PROGRAMS AND SERVICES, AND ENGAGES THE COMMUNITY THROUGH THE CREATION AND SPONSORSHIP OF DIVERSE LITERARY, CULTURAL AND INTELLECTUAL PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OTHER VARIOUS PROGRAMS LIKE ESTATE AND FINANCIAL PLANNING WORKSHOPS AND MEDICINE IN OUR BACKYARD (IN CONJUNCTION WITH UNIVERSITY OF CALIFORNIA IRVINE HEALTH DEPARTMENT)WITH EXPERT SPEAKERS ARE OFFERED FREE OF CHARGE TO THE COMMUNITY TO PROMOTE FINANCIAL LITERACY AND HEALTH AND MEDICAL KNOWLEDGE. ADDITIONALLY THE NBPLF OFFERS WRITING WORKSHOPS, A VERY WELL ATTENDED BOOK DISCUSSION GROUP AND OTHER PROGRAMS.
THE LECTURES ARE PRESENTED BY THE NEWPORT BEACH PUBIC LIBRARY FOUNDATION. THE WITTE SERIES HAS EARNED A STELLAR REPUTATION FOR ITS HIGH CALIBER OF SPEAKERS ON A WIDE VARIETY OF SUBJECTS. SINCE THE BEGINNING OF THIS NATIONALLY RECOGNIZED PROGRAM IN 1996 AT THE NEWPORT BEACH PUBLIC LIBRARY, THIS SERIES HAS EMBRACED A GLOBAL PERSPECTIVE AND HAS BROUGHT SOME OF THE MOST COMPELLING VOICES OF OUR TIME TO THE STAGE. THE SPEAKERS HAVE EARNED THE HIGHEST MARKS GIVEN IN THIEIR CHOSEN FIELDS: THE PULITZER PRIZE, OSCAR, EMMY, TONY, PEN/FAULKNER, MACARTHUR GENIUS GRANTS, GUGGENHEIM FELLOWSHIPS, AND THE HIGHEST JOURNALISTIC HONORS IN EVERY FIELD. THE FOUNDATION ALSO PRESENTS A LECTURE SERIES TITLED LIBRARY LIVE THAT FEATURES AUTHORS WITH NEWLY PUBLISHED AND ACCLAIMED WORKS, BOTH FICTION AND NONFICTION. WITTE AND LIBRARY LIVE WERE PRESENTED LIVE IN 2022. RECORDINGS OF THE LECTURES ARE AVAILABLE TO MEMBERS OF THE FOUNDATION ONLY. MEDICINE IN OUR BACKYARD VIDEO RECORDINGS ARE AVAILABLE TO EVERYONE ON THE FOUNDATION'S WEBSITE.
THE NEWPORT BEACH PUBLIC LIBRARY FOUNDATION (NBPLF) FUNDS LIBRARY RESOURCES FOR THE NEWPORT BEACH PUBLIC LIBRARY SUCH AS ONLINE DATABASES, DVDS, AUDIO, E-BOOKS AND OTHER CUTTING-EDGE TECHNOLOGIES, BASED ON RECOMENDATIONS FROM THE LIBRARY DIRECTOR AND APPROVED BY THE NEWPORT BEACH PUBLIC LIBRARY FOUNDATION BOARD OF DIRECTORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jerold Kappel CEO | Officer | 40 | $53,013 |
Margaret Linton Executive Director | 40 | $19,372 | |
Karen Clark Chairman | OfficerTrustee | 5 | $0 |
Kevin Barlow Vice Chair | OfficerTrustee | 5 | $0 |
Dorothy Larson Secretary | OfficerTrustee | 5 | $0 |
John Prichard Treasurer | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $115,737 |
| All other contributions, gifts, grants, and similar amounts not included above | $499,992 |
| Noncash contributions included in lines 1a–1f | $5,045 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $615,729 |
| Total Program Service Revenue | $80,575 |
| Investment income | $108,495 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $172,644 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $977,443 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $97,665 |
| Compensation of current officers, directors, key employees. | $4,883 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $139,850 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $19,225 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,544 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $15,000 |
| Fees for services: Other | $33,892 |
| Advertising and promotion | $0 |
| Office expenses | $9,095 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $42,282 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $772 |
| Insurance | $18,014 |
| All other expenses | $46,960 |
| Total functional expenses | $639,927 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $118,926 |
| Savings and temporary cash investments | $291,512 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,921 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $737 |
| Net Land, buildings, and equipment | $2,219 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,676,233 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,095,548 |
| Accounts payable and accrued expenses | $33,080 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $33,080 |
| Net assets without donor restrictions | $356,225 |
| Net assets with donor restrictions | $2,706,243 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,095,548 |
Grants Recieved
Over the last fiscal year, we have identified 13 grants that The Newport Beach Library Foundation has recieved totaling $143,097.
| Awarding Organization | Amount |
|---|---|
Jewish Community Foundation Of Orange County Irvine, CA PURPOSE: DONATION | $37,503 |
Rallis Foundation Newport Beach, CA PURPOSE: GENERAL CONTRIBUTION | $35,000 |
Witte-Sakamoto Family Foundation Laguna Beach, CA PURPOSE: FUNDS VALUABLE LIBRARY RESOURCES AND PROGRAMS | $34,800 |
Uhl & Kk Foundation Costa Mesa, CA PURPOSE: GENERAL SUPPORT | $10,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $9,125 |
American Endowment Foundation Hudson, OH PURPOSE: EDUCATIONAL | $5,500 |
Endowment Analysis
| Beg. Balance | $2,187,124 |
| Earnings | $489,109 |
| Ending Balance | $2,676,233 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
U C San Diego Foundation La Jolla, CA | $1,658,962,820 | $199,905,173 |
California State University Fresno Foundation Fresno, CA | $305,581,286 | $82,049,002 |
University Of Hawaii Foundation Honolulu, HI | $548,406,506 | $76,733,850 |
University Corporation At Monterey Bay Seaside, CA | $199,917,843 | $49,155,763 |
San Jose State University Research Foundation San Jose, CA | $57,091,451 | $53,661,013 |
University Of Nevada-Reno Foundation Reno, NV | $310,760,494 | $35,673,494 |
The U C Davis Foundation Davis, CA | $716,342,130 | $110,976,640 |
Southwestern Law School Los Angeles, CA | $126,801,745 | $54,692,632 |
Associated Students Ucla Los Angeles, CA | $54,580,827 | $39,327,069 |
Csu Fullerton Auxiliary Services Corporation Fullerton, CA | $104,352,109 | $45,637,535 |
New Schools Fund Oakland, CA | $55,397,321 | $41,218,694 |
Chico State Enterprises Chico, CA | $47,170,077 | $46,861,327 |