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← RANCHO MIRAGE LIBRARY AND OBSERVATORY FOUNDATION

Form 990 for tax year 2023

Filed by RANCHO MIRAGE LIBRARY AND OBSERVATORY FOUNDATION.

Totals

Total revenue
$743,134
Total expenses
$522,842
Contributions and grants received
$711,808
Grants paid
$0
Program service revenue
$0
Investment income
$31,326
Other revenue
$0
Total assets, end of year
$2,716,658
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$2,716,658
Program services expenses (Part IX)
$479,315
Management and general expenses
$43,527
Fundraising expenses
$0
Program service expenses (Part III)
$479,315

Program services were 91.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $711,808

  • 1g · Noncash contributions included above

    $24,000

  • 3 · Investment income

    total $31,326 · excluded $31,326

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $8,337 · management and general $8,337

  • 14 · Information technology

    total $600 · management and general $600

  • 17 · Travel

    total $5,585 · management and general $5,585

  • 24a · Other expenses: BOOK COLLECTION

    total $216,369 · program services $216,369

  • 24b · Other expenses: LITERARY LEGACY

    total $192,721 · program services $192,721

  • 24c · Other expenses: OBSERVATORY PROGRAMMING

    total $27,400 · program services $27,400

  • 24d · Other expenses: PRINTING

    total $25,578 · management and general $25,578

  • 24e · All other expenses

    total $46,252 · program services $42,825 · management and general $3,427

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,588,125 · end of year $1,844,498

  • 2 · Savings and temporary cash investments

    beginning of year $519,566 · end of year $519,566

  • 4 · Accounts receivable

    end of year $314

  • 15 · Other assets

    beginning of year $324,651 · end of year $352,280

  • 27 · Net assets without donor restrictions

    beginning of year $1,597,776 · end of year $1,858,092

  • 28 · Net assets with donor restrictions

    beginning of year $834,566 · end of year $858,566

Mission and programs · 2023

Mission

TO FUND-RAISE FOR SUPPLEMENTAL FUNDING FOR RANCHO MIRAGE LIBRARY & OBSERVATORY FOUNDATION PROGRAMS AND COLLECTIONS.

  • PROVIDED SUPPLEMENTAL FUNDING FOR RANCHO MIRAGE LIBRARY & OBSERVATORY FOUNDATION PROGRAMS AND COLLECTIONS.

    Expenses $479,315

As filed on the 2023 return.

Listed in Part VII

  • Stephen Downs

    MAYOR (NOV-JUN)

    Total calculated
    $71,594
    From this org
    $0
    From related orgs
    $40,223
    Other
    $31,371
    Hours/week
    1 + 40 related

  • Robert Moon

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Peter Samuels

    BOARD MEMBER (JUNE)

    Total calculated
    $0
    Hours/week
    2

  • Alison Soltysiak

    SECRETARY (JUL-FEB)

    Total calculated
    $0
    Hours/week
    2

  • Leslie Usow

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Christine Hughes

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Patrice Merritt

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • James Sowa

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Mary Willis-Yoshioka

    SECRETARY (FEB-JUN)

    Total calculated
    $0
    Hours/week
    2

  • Richard Kite

    MAYOR (JUL-OCT)

    Total calculated
    $68,386
    From this org
    $0
    From related orgs
    $39,151
    Other
    $29,235
    Hours/week
    1 + 40 related

  • Gary Galton

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Lucy Tagmyer

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Aaron Espinoza

    EXECUTIVE DIRECTOR

    Total calculated
    $301,451
    From this org
    $0
    From related orgs
    $255,733
    Other
    $45,718
    Hours/week
    10 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $212,573 related
    Bonus
    $0
    Other
    $0 + $43,160 related
    Deferred
    $0 + $6,500 related
    Nontaxable benefits
    $0 + $40,868 related
    Filer's total
    $0 + $303,101 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 2 · Substantiation required before reimbursing expenses

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • CITY OF RANCHO MIRAGE

    GOVERNMENTAL UNIT · CITY GOVERNMENT · CA

Provenance

Return type
form_990
Tax year
2023
Filed
30 January 2025
IRS schema version
2023v6.0
Source object
202500309349301670

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