San Diego Public Library Foundation
- Assets
- $7.3m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 17
- Location
- San Diego, CA
- Founding
- 05/2001
- Data as of
- 06/2022
- EIN
- 33-0959608
Organization Overview
San Diego Public Library Foundation, operating under the name Library Foundation Sd, is located in San Diego, CA. The organization was established in 2001. According to its NTEE Classification (B50) the organization is classified as: Graduate & Professional Schools, under the broad grouping of Education and related organizations. As of 06/2022, Library Foundation SD employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Library Foundation SD 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, Library Foundation SD generated $3.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.5%) each year. All expenses for the organization totaled $2.8m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (7.0%) per year over the past 7 years. 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
STRENGTHEN COMMUNITIES BY SUPPORTING EXCELLENCE IN THE SAN DIEGO PUBLIC LIBRARY SYSTEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LIBRARY FOUNDATION SD'S SUPPORT FOR PROGRAMS, BOOKS AND OTHER MATERIALS AND EQUIPMENT HELPED THE LIBRARY BE THE PLACE FOR OPPORTUNITY, DISCOVERY AND INSPIRATION. PROGRAMS SUPPORTED BY LIBRARY FOUNDATION SD DONORS PREPARED LEARNERS OF ALL AGES TO SUCCEED IN SCHOOL, THE WORKPLACE AND IN THEIR COMMUNITIES. FROM SUPPORTING ONLINE AND IN-LIBRARY HOMEWORK HELP, TRAINING ON COMPUTER PROGRAMMING THAT SPARKS AN INTEREST IN TECHNOLOGY FIELDS, TO CLASSES ON COMPUTER SKILLS AND WRITING A RESUME, LIBRARY DONORS HELPED ENSURE ACADEMIC AND CAREER SUCCESS.
LIBRARY FOUNDATION SD IS PART OF A COMMUNITY-BASED COALITION LOOKING TO IMPROVE SAN DIEGO'S LIBRARIES AND PARKS THROUGH A BALLOT INITIATIVE. THE LIBRARY FOUNDATION AND ITS PARTNERS ARE GATHERING SIGNATURES OF SAN DIEGO VOTERS TO PLACE THE LIBRARIES AND PARKS INVESTMENT ACT ON THE NOVEMBER 2024 BALLOT. IF PASSED, THE MEASURE WOULD GENERATE AN ADDITIONAL $40 TO $45 MILLION ANNUALLY TO IMPROVE SAN DIEGO LIBRARIES AND PARKS.
LIBRARY FOUNDATION SD FUNDED THE STREAMING SERVICE KANOPY FOR THE SAN DIEGO PUBLIC LIBRARY SYSTEM. THIS SERVICE IS A STREAMING MOVIE SERVICE THAT OFFERS ACCESS TO A LARGE, CURATED CATALOG OF EDUCATIONAL, ENTERTAINING, AND ENRICHING FILMS. IT INCLUDES CONTENT FROM LEADING PRODUCERS SUCH AS PBS, BBC, AND THE GREAT COURSES, AND MANY MORE. LIBRARY PATRONS CAN STREAM CONTENT AT HOME ON A COMPUTER, ANDROID, APPLE, ROKU, AMAZON FIRE OR CHROMECAST DEVICE.
THE LIBRARY FOUNDATION ACTIVELY MARKETS LIBRARY PROGRAMS AND THE IMPORTANCE OF LIBRARY SERVICE TO SUPPORTERS AND POTENTIAL SUPPORTERS, ELECTED LEADERS AND TO LIBRARY USERS. THE LIBRARY FOUNDATION PRODUCES A SERIES OF REGULAR EMAIL NEWSLETTERS TO LIBRARY CARD HOLDERS AND TO LIBRARY DONORS AND SUPPORTERS. THESE PUBLICATIONS MARKET THE VALUE OF LIBRARIES TO SAN DIEGO AND PROMOTE MONTHLY LIBRARY PROGRAMS AND OTHER SERVICES. THE FOUNDATION ALSO COORDINATES ADVOCACY EFFORTS AMONG A COALITION OF THE LIBRARY FOUNDATION, FRIENDS OF THE LIBRARY AND THE BOARD OF LIBRARY COMMISSIONERS TO EDUCATE ELECTED LEADERS TO THE POSITIVE IMPACT OF LIBRARIES ON THE COMMUNITY AND THE NEED FOR ADEQUATE PUBLIC SUPPORT.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick Stewart Chief Executive Officer | Officer | 60 | $178,525 |
Natalie Ganz Chief Strategy & Engagement Officer | Officer | 50 | $132,060 |
Jeff Rowland Chief Financial Officer | Officer | 50 | $121,823 |
Charlie Goldberg Director Of Marketing | 50 | $100,779 | |
Bill Pope Treasurer | OfficerTrustee | 5 | $0 |
Stephen Hermes Board Chair | OfficerTrustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,752,032 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,752,032 |
| Total Program Service Revenue | $0 |
| Investment income | $48,862 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $344,751 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$28,201 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,117,444 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,312,427 |
| 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. | $504,676 |
| Compensation of current officers, directors, key employees. | $155,735 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $548,980 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $72,498 |
| Payroll taxes | $83,623 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $33,302 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $135,192 |
| Advertising and promotion | $0 |
| Office expenses | $30,188 |
| Information technology | $42,187 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $18,125 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,335 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $31,987 |
| All other expenses | $0 |
| Total functional expenses | $2,838,178 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,391,046 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $70,045 |
| Prepaid expenses and deferred charges | $40,954 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $5,806,458 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,308,503 |
| Accounts payable and accrued expenses | $169,367 |
| Grants payable | $424,999 |
| 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 | $78,131 |
| Other liabilities | $0 |
| Total liabilities | $672,497 |
| Net assets without donor restrictions | $2,950,778 |
| Net assets with donor restrictions | $3,685,228 |
| 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 | $7,308,503 |
Grants Awarded
Over the last fiscal year, San Diego Public Library Foundation has awarded $1,312,427 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF SAN DIEGO PURPOSE: LIBRARY PROGRAM SUPPORT | $1,087,427 |
San Francisco, CA PURPOSE: BALLOT INITIATIVE | $225,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that San Diego Public Library Foundation has recieved totaling $100.
| Awarding Organization | Amount |
|---|---|
Albert H Stahmer Foundation Inc Golden, CO PURPOSE: GENERAL FUND | $100 |
Endowment Analysis
| Beg. Balance | $1,543,277 |
| Earnings | -$119,059 |
| Grants | $64,130 |
| Ending Balance | $1,360,088 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Saybrook University Pasadena, CA | $17,039,418 | $21,644,889 |
Southwest College Of Naturopathic Medicine And Health Science Inc Tempe, AZ | $29,642,803 | $19,296,647 |
Multnomah University Portland, OR | $31,830,186 | $15,256,009 |
Wright Institute Berkeley, CA | $28,173,670 | $16,770,770 |
Palmer College Of Chiropratic- West San Jose, CA | $12,919,049 | $13,430,875 |
Graduate Theological Union Berkeley, CA | $72,481,680 | $8,414,680 |
Southern California School Of Theology Claremont, CA | $39,669,399 | $12,715,651 |
Claremont Lincoln University Claremont, CA | $35,321,244 | $4,692,633 |
High Tech High Graduate School Of Education San Diego, CA | $6,848,992 | $9,753,054 |
Pacific School Of Religion Berkeley, CA | $44,761,600 | $8,910,467 |
Phoenix Seminary Inc Scottsdale, AZ | $3,442,651 | $6,984,863 |
Logos Evangelical Seminary El Monte, CA | $24,241,884 | $7,684,806 |