Thousand Oaks Library Foundation
- Assets
- $1.7m
- Revenue
- $9.4k
- Investments
- $0.0
- Employees
- 2
- Location
- Thousand Oaks, CA
- Founding
- 10/1983
- Data as of
- 12/2021
- EIN
- 95-3855593
Organization Overview
Thousand Oaks Library Foundation is located in Thousand Oaks, CA. The organization was established in 1983. As of 12/2021, Thousand Oaks Library Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Thousand Oaks 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 12/2021, Thousand Oaks Library Foundation generated $9.4k 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 (30.6%) each year. All expenses for the organization totaled $76.8k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE THOUSAND OAKS LIBRARY FOUNDATION (TOLF) STRENGTHENS COMMUNITIES BY SUPPORTING EXCELLENCE IN THE THE THOUSAND OAKS LIBRARY SYSTEM THROUGH PHILANTHROPY, ADVOCACY AND OUTREACH.- PRESERVE AND MAKE THE SPECIAL COLLECTIONS ACCESSIBLE TO THE PUBLIC.- RAISE FUNDS FOR THE PURCHASE OF LIBRARY MATERIALS AND EXPANDED COLLECTIONS, SUPPORT OF CHILDREN'S SERVICES, AND ADULT LITERACY PROGRAMS.- SUPPORT SPECIAL PROJECTS AT THE REQUEST OF THE LIBRARY SERVICES DIRECTOR INCLUDING CULTURAL EVENTS FOR THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION HELPS TO IMPROVE THIS LIBRARY'S SERVICE TO THE GENERAL PUBLIC. ONE SERVICE IS TO PROVIDE DVDS, AND OTHER EDUCATIONAL ITEMS AND SERVICES TO THOSE USING THE LIBRARY. THE FOUNDATION ALSO PROVIDES PROGRAMS FOR THE "ONE CITY ONE BOOK" CITY WIDE PROGRAM. MAINTAIN, PRESERVE, AND PERPETUATE MATERIALS FOR THE AMERICAN RADIO ARCHIVES. THIS IS A COLLECTION OF RADIO LIBRARY MATERIALS AND HISTORICAL DOCUMENTS. THE FOUNDATION RECEIVES CONTRIBUTED RENTAL INCOME SO THAT IT MAY STORE AND PRESERVE THESE MATERIALS FOR THE ARCHIVES. PURCHASE OF SUPPLEMENTARY MATERIAL FOR THE THOUSAND OAKS LIBRARY SO THAT THE LIBRARY MAY PROVIDE ADDITIONAL SERVICES TO ITS PATRONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eloise Cohen Vice President | OfficerTrustee | 5 | $0 |
Zareh Marselian Treasurer | OfficerTrustee | 4 | $0 |
Joel Price Trustee | Trustee | 2 | $0 |
David Shain President | Trustee | 5 | $0 |
Dianne Mckay Trustee | Trustee | 2 | $0 |
Grant Brimhall Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,581 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,581 |
| Total Program Service Revenue | $2,831 |
| Investment income | $1 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,413 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $30,540 |
| 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 | $7,362 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $685 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,325 |
| Fees for services: Accounting | $1,605 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $936 |
| Information technology | $0 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,532 |
| Insurance | $3,941 |
| All other expenses | $0 |
| Total functional expenses | $76,846 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $75,753 |
| Savings and temporary cash investments | $108,049 |
| 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 | $8,737 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,503,663 |
| Total assets | $1,696,202 |
| Accounts payable and accrued expenses | $3,301 |
| 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 | $3,301 |
| Net assets without donor restrictions | $1,637,903 |
| Net assets with donor restrictions | $54,998 |
| 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 | $1,696,202 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Thousand Oaks Library Foundation has recieved totaling $100.
| Awarding Organization | Amount |
|---|---|
Seidman Family Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cedar Mill Community Library Association Of Washington County Portland, OR | $2,777,165 | $5,197,203 |
The San Jose Public Library Foundation San Jose, CA | $11,266,259 | $7,329,963 |
City Arts And Lectures Inc San Francisco, CA | $4,629,816 | $1,224,038 |
Friends Of The Sacramento Public Library Sacramento, CA | $926,966 | $377,500 |
Sacramento Literacy Foundation Sacramento, CA | $1,770,459 | $527,534 |
The Corvallis-Benton County Public Library Foundation Inc Corvallis, OR | $2,504,899 | $545,635 |
Friends Of The Phoenix Public Library Inc Phoenix, AZ | $319,974 | $405,881 |
Friends Of The Huntington Beach Public Library Huntington Beach, CA | $2,420,660 | $985,580 |
Friends Of The Palo Alto Public Library Palo Alto, CA | $559,670 | $403,008 |
Friends Of The San Diego Public Library The San Diego, CA | $1,748,833 | $247,993 |
Friends Of The Glendora Library Glendora, CA | $1,860,675 | $281,407 |
Friends Of The Berkeley Public Library Inc Berkeley, CA | $310,544 | $266,875 |