Cupertino Library Foundation
- Assets
- $2.2m
- Revenue
- $50.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Cupertino, CA
- Founding
- 07/1994
- Data as of
- 12/2023
- EIN
- 77-0372742
Organization Overview
Cupertino Library Foundation is located in Cupertino, 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cupertino 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 12/2023, Cupertino Library Foundation generated $50.4k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $232.5k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE FINANCIAL AND CREATIVE SUPPORT FOR THE CUPERTINO LIBRARY AND CUPERTINO COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION IS A PILLAR OF FOCUS FOR THE CLF. SEVERAL EVENTS WERE HELD IN 2023 WHICH ARE CATEGORIZED UNDER EDUCATION, SUCH AS THE EXAMPLES LISTED HERE.THE SUPER SCIENCE SUMMER SEARCH (S4) - A SCIENCE COMPETITION HOSTED ANNUALLY. STUDENTS SOLVE A PROBLEM USING SCIENCE, TECHNOLOGY, ENGINEERING, ARTS, OR MATHEMATICS (STEAM).GATEWAY TO LEARNING - HANDS ON LEARNING ACTIVITIES HELD ANNUALLY AT THE CUPERTINO ROTARY FALL FESTIVAL COMMUNITY EVENT.TEACHER MINI-GRANTS - TEACHERS IN THE CUPERTINO UNION SCHOOL DISTRICT REQUEST FUNDS FOR CLASSROOM SUPPLIES AND ACTIVITIES NOT COVERED BY SCHOOL BUDGETS.
ARTS AND CULTURE IS A SECOND PILLAR OF FOCUS FOR THE CLF. SEVERAL EVENTS WERE HELD IN 2023 WHICH ARE CATEGORIZED UNDER ARTS AND CULTURE, SUCH AS THE EXAMPLES LISTED HERE.SILICON VALLEY READS - GRANT MADE TO "SVR". EVENT HOSTED BY THE SANTA CLARA COUNTY LIBRARY DISTRICT. READING LISTS AND BOOK DISCUSSION EVENTS AT THE CUPERTINO LIBRARY.SUMMER SHAKESPEARE IN THE PARK - SPONSORSHIP OF SF SHAKESPEARE FESTIVAL PUTTING ON SIX PERFORMANCES IN CUPERTINO'S MEMORIAL PARK.SUMMER CONCERTS - SPONSOR PERFORMANCES BY SAN JOSE OPERA AND THE GRATEFUL BRASS AT THE CUPERTINO LIBRARY.
SUSTAINABILITY IS A THIRD PILLAR OF FOCUS FOR THE CLF. SEVERAL EVENTS WERE HELD IN 2023 WHICH ARE CATEGORIZED UNDER SUSTAINABILITY, SUCH AS THE EXAMPLES LISTED HERE. WATER CONSERVATION PANEL - HOSTED PANEL DISCUSSION WITH EXPERTS FROM CALIFORNIA WATER, TO DISCUSS THE TOPIC OF WATER CONSERVATION.FILMS - HOSTED FILMS ON EARTH DAY AND PLASTIC POLLUTIONPOP UP BUG MUSEUM - HOSTED PRESENTATION ON BUGS IN THE ECOSYSTEM, LIVE BUG DISPLAYS, FUN FACTS, AND ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kiran Varshneya Rohra President | OfficerTrustee | 2 | $0 |
Carrie Young Vice President-Programs | OfficerTrustee | 2 | $0 |
Jim Davis Vice President-Finance And Operations | OfficerTrustee | 2 | $0 |
Yui Chu Secretary | OfficerTrustee | 2 | $0 |
Seetha Lakshmi Treasurer | OfficerTrustee | 2 | $0 |
Sashi Begur At Large | Trustee | 2 | $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 | $18,678 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,678 |
| Total Program Service Revenue | $0 |
| Investment income | $52,251 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$20,494 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $50,435 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $190,694 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $16,261 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,995 |
| Office expenses | $15 |
| Information technology | $1,904 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,492 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,454 |
| All other expenses | $0 |
| Total functional expenses | $232,462 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,616 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,173,638 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,183,254 |
| Accounts payable and accrued expenses | $1,399 |
| 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 | $1,399 |
| Net assets without donor restrictions | $172,576 |
| Net assets with donor restrictions | $2,009,279 |
| 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 | $2,183,254 |