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← FOUNDATION FOR THE MONTEREY COUNTY FREE LIBRARIES

Form 990 for tax year 2023

Filed by FOUNDATION FOR THE MONTEREY COUNTY FREE LIBRARIES.

What the amendment changed

Compared with the return it replaced , filed 14 November 2024. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$320,553 changed to $293,725
Total expenses
$323,644 changed to $334,598
Contributions and grants received
$311,536 changed to $276,686
Investment income
$27,826 changed to $35,848
Total assets, end of year
$770,101 changed to $714,387
Net assets or fund balances, end of year
$735,471 changed to $679,757
Program services expenses
$206,538 changed to $208,283
Management and general expenses
$73,986 changed to $81,449
Fundraising expenses
$43,120 changed to $44,866
Program service expenses (Part III)
$206,538 changed to $208,283

Totals

Total revenue
$293,725
Total expenses
$334,598
Contributions and grants received
$276,686
Grants paid
$175,500
Program service revenue
$0
Investment income
$35,848
Other revenue
-$18,809
Total assets, end of year
$714,387
Total liabilities, end of year
$34,630
Net assets or fund balances, end of year
$679,757
Program services expenses (Part IX)
$208,283
Management and general expenses
$81,449
Fundraising expenses
$44,866
Program service expenses (Part III)
$208,283

Program services were 62.2% 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.

  • 1c · Fundraising events

    $63,100

  • 1f · All other contributions, gifts and grants

    $213,586

  • 1g · Noncash contributions included above

    $23,000

  • 3 · Investment income

    total $35,848 · excluded $35,848

  • 8a · Fundraising events: gross income

    $4,100

  • 8a · Fundraising events: contributions included on line 1c

    $63,100

  • 8b · Fundraising events: direct expenses

    $22,959

  • 8c · Net income from fundraising events

    total -$18,859 · excluded -$18,859

  • 11a · Other revenue: OTHER INCOME

    total $50 · related or exempt $50

  • 11e · Other revenue, total

    $50

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $175,000 · program services $175,000

  • 2 · Grants to domestic individuals

    total $500 · program services $500

  • 5 · Compensation of officers, directors and key employees

    total $68,625 · program services $22,875 · management and general $22,875 · fundraising $22,875

  • 7 · Other salaries and wages

    total $4,872 · program services $1,624 · management and general $1,624 · fundraising $1,624

  • 10 · Payroll taxes

    total $5,964 · program services $1,988 · management and general $1,988 · fundraising $1,988

  • 11c · Fees: accounting

    total $31,456 · management and general $31,456

  • 11f · Fees: investment management

    total $7,110 · management and general $7,110

  • 11g · Fees: other

    total $9,901 · fundraising $9,901

  • 12 · Advertising and promotion

    total $2,172 · fundraising $2,172

  • 13 · Office expenses

    total $1,297 · program services $201 · management and general $895 · fundraising $201

  • 16 · Occupancy

    total $5,779 · management and general $5,779

  • 17 · Travel

    total $1,452 · program services $484 · management and general $484 · fundraising $484

  • 22 · Depreciation, depletion and amortization

    total $362 · management and general $362

  • 23 · Insurance

    total $2,595 · program services $865 · management and general $865 · fundraising $865

  • 24a · Other expenses: DUES AND SUBSCRIPTIONS

    total $15,173 · program services $4,746 · management and general $5,681 · fundraising $4,746

  • 24b · Other expenses: MISC. EXPENSES

    total $1,559 · management and general $1,549 · fundraising $10

  • 24c · Other expenses: BOARD EXPENSE

    total $781 · management and general $781

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $233,597 · end of year $287,826

  • 2 · Savings and temporary cash investments

    beginning of year $108,782 · end of year $3,008

  • 4 · Accounts receivable

    beginning of year $5 · end of year $5

  • 10a · Land, buildings and equipment: cost or other basis

    $7,808

  • 10b · Land, buildings and equipment: accumulated depreciation

    $6,196

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $1,612

  • 15 · Other assets

    beginning of year $384,096 · end of year $421,936

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,663 · end of year $2,105

  • 25 · Other liabilities

    beginning of year $32,780 · end of year $32,525

  • 27 · Net assets without donor restrictions

    beginning of year $235,969 · end of year $446,470

  • 28 · Net assets with donor restrictions

    beginning of year $456,068 · end of year $233,287

Mission and programs · 2023

Mission

TO ASSIST THE MONTEREY COUNTY FREE LIBRARIES IN PROVIDING ACCESS TO INFORMATION, EDUCATION, AND RECREATIONAL MATERIALS, AND LIFELONG LEARNING OPPORTUNITIES TO THE DIVERSE CULTURAL, LINGUISTIC, URBAN, AND RURAL COMMUNITIES IT SERVES.

Activities or mission (Part I)

TO ASSIST THE MONTEREY COUNTY FREE LIBRARIES.

  • PROVIDED FUNDING TO MONTEREY COUNTY FREE LIBRARIES TO SUPPORT INITIATIVES INCLUDING BUT NOT LIMITED TO HOMEWORK CENTERS, CHILDREN AND YOUTH PROGRAMS SUCH AS SUMMER READING CLUB AND WINTER READING CLUB, TECHNOLOGY RESOURCES, BOOKS AND MATERIALS, AND ADULT LITERACY.

    Expenses $208,283 · Grants $175,500

As filed on the 2023 return.

Listed in Part VII

  • Nancy Harray

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2.5

  • Aviv Kadosh

    TREASURER

    Total calculated
    $0
    Hours/week
    1.25

  • Sheri Cline

    SECRETARY

    Total calculated
    $0
    Hours/week
    1.25

  • Luis Arreguin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.75

  • Nancy Ausonio

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.75

  • Leinette Limtiaco

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.75

  • Kellie Morgantini

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.75

  • William Shearer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.75

  • Nisha Addleman

    EXECUTIVE DIRECTOR (FROM SPRING 2023)

    Total calculated
    $11,468
    From this org
    $11,468
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Melanie Zaragoza

    EXECUTIVE DIRECTOR (TO SPRING 2023)

    Total calculated
    $57,158
    From this org
    $51,958
    From related orgs
    $0
    Other
    $5,200
    Hours/week
    2

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.

Grants on this return

  • COUNTY OF MONTEREY

    $175,000

    TO ASSIST THE LIBRARY

Provenance

Return type
form_990
Tax year
2023
Filed
22 April 2025
IRS schema version
2023v6.0
Source object
202521489349301702

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