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← LIBRARY LEGACY FOUNDATION OF THE TOLEDO-LUCE COUNTY PUBLIC LIBRARY

Form 990 for tax year 2024

Filed by LIBRARY LEGACY FOUNDATION OF THE TOLEDO-LUCE COUNTY PUBLIC LIBRARY.

Totals

Total revenue
$798,742
Total expenses
$630,518
Contributions and grants received
$279,622
Grants paid
$330,342
Program service revenue
$132,360
Investment income
$379,818
Other revenue
$6,942
Total assets, end of year
$12,751,481
Total liabilities, end of year
$1,213
Net assets or fund balances, end of year
$12,750,268
Program services expenses (Part IX)
$519,736
Management and general expenses
$67,399
Fundraising expenses
$43,383
Program service expenses (Part III)
$519,736

Program services were 82.4% 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

    $279,622

  • 2a · Program service revenue: EVENTS AND SPONSORSHIPS

    total $132,360 · related or exempt $132,360

  • 3 · Investment income

    total $284,323 · excluded $284,323

  • 7a · Gross sales of assets other than inventory

    securities $4,557,910

  • 7b · Less cost or other basis and sales expenses

    securities $4,462,415

  • 7c · Gain or loss

    securities $95,495

  • 7d · Net gain or loss

    total $95,495 · related or exempt $95,495

  • 11a · Other revenue: LOGOWEAR FOR STAFF

    total $6,942 · excluded $6,942

  • 11e · Other revenue, total

    $6,942

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $330,342 · program services $330,342

  • 11c · Fees: accounting

    total $15,973 · management and general $15,973

  • 11f · Fees: investment management

    total $44,285 · management and general $44,285

  • 12 · Advertising and promotion

    total $3,832 · fundraising $3,832

  • 13 · Office expenses

    total $6,554 · management and general $6,501 · fundraising $53

  • 20 · Interest

    total $640 · management and general $640

  • 24a · Other expenses: COMMUNITY EVENTS/SPONSOR

    total $228,892 · program services $189,394 · fundraising $39,498

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $840,961 · end of year $670,354

  • 3 · Pledges and grants receivable

    beginning of year $4,500 · end of year $4,500

  • 11 · Investments: publicly traded securities

    beginning of year $10,171,356 · end of year $12,076,627

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,313 · end of year $1,213

  • 27 · Net assets without donor restrictions

    beginning of year $9,193,321 · end of year $11,026,348

  • 28 · Net assets with donor restrictions

    beginning of year $1,818,183 · end of year $1,723,920

Mission and programs · 2024

Mission

TO SUPPORT THE LIBRARY THROUGH COLLECTION DEVELOPMENT ACTIVITIES TO ADVANCE LITERATURE AND LEARNING, AND SUPPORT OF SPECIAL LIBRARY PROJECTS.

  • TO SUPPORT THE LIBRARY THROUGH COLLECTION DEVELOPMENT ACTIVITIES TO ADVANCE LITERATURE AND LEARNING, AND SUPPORT OF SPECIAL LIBRARY PROJECTS.

    Expenses $519,736 · Grants $330,342 · Revenue $798,742

As filed on the 2024 return.

Listed in Part VII

  • Frank D Jacobs

    PRESIDENT

    Total calculated
    $0

  • Olivia K Summons

    VICE PRESIDE

    Total calculated
    $0

  • Kathy Selking

    SECRETARY-TR

    Total calculated
    $0

  • Louise Ehrick

    DIRECTOR

    Total calculated
    $0

  • Paula Fall

    DIRECTOR

    Total calculated
    $0

  • Steve Decker

    DIRECTOR

    Total calculated
    $0

  • John Hull

    DIRECTOR

    Total calculated
    $0

  • James J Jaros

    DIRECTOR

    Total calculated
    $0

  • Adele M Jasion

    DIRECTOR

    Total calculated
    $0

  • Dr Patrick McCormick

    DIRECTOR

    Total calculated
    $0

  • Susan Conda

    DIRECTOR

    Total calculated
    $0

  • Yolanda Danyi Szuch

    DIRECTOR

    Total calculated
    $0

  • Dr Calvin Burney Jr

    DIRECTOR

    Total calculated
    $0

  • Susan Denny

    DIRECTOR

    Total calculated
    $0

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

  • TOLEDO-LUCAS CO LIBRARY

    $193,356

    IMAGINATION LIBRARY

  • TOLEDO-LUCAS CO LIBRARY

    $40,969

    BUILDING FUND

  • TOLEDO-LUCAS CO LIBRARY

    $35,995

    EARLY LITERACY FUND

  • TOLEDO-LUCAS CO LIBRARY

    $19,228

    AGENCY FUND

  • TOLEDO-LUCAS CO LIBRARY

    $11,516

    YOUTH SERVICES

  • TOLEDO-LUCAS CO LIBRARY

    $9,528

    TECH SHELF PROGRAM

  • TOLEDO-LUCAS CO LIBRARY

    $6,929

    SUMMER READING

  • TOLEDO-LUCAS CO LIBRARY

    $5,579

    HUEBNER COLLECTION

Provenance

Return type
form_990
Tax year
2024
Filed
28 October 2025
IRS schema version
2024v5.0
Source object
202503119349301420

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