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← FORT VANCOUVER REGIONAL LIBRARY FOUNDATION

Form 990 for tax year 2023

Filed by FORT VANCOUVER REGIONAL LIBRARY FOUNDATION.

Totals

Total revenue
$2,881,749
Total expenses
$2,680,462
Contributions and grants received
$2,235,673
Grants paid
$96,000
Program service revenue
$33,038
Investment income
$359,113
Other revenue
$253,925
Total assets, end of year
$10,211,470
Total liabilities, end of year
$17,806
Net assets or fund balances, end of year
$10,193,664
Program services expenses (Part IX)
$2,333,858
Management and general expenses
$256,780
Fundraising expenses
$89,824
Program service expenses (Part III)
$2,333,858

Program services were 87.1% 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

    $2,235,673

  • 1g · Noncash contributions included above

    $24,102

  • 2a · Program service revenue: PROGRAM SERVICE REVENU

    total $28,414 · related or exempt $28,414

  • 2b · Program service revenue: FRIENDS GROUP MEMBERSH

    total $4,624 · related or exempt $4,624

  • 3 · Investment income

    total $319,958 · related or exempt $319,958

  • 7a · Gross sales of assets other than inventory

    securities $499,787

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

    securities $460,632

  • 7c · Gain or loss

    securities $39,155

  • 7d · Net gain or loss

    total $39,155 · related or exempt $39,155

  • 8a · Fundraising events: gross income

    $319,486

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

    $50,493

  • 8b · Fundraising events: direct expenses

    $77,319

  • 8c · Net income from fundraising events

    total $242,167 · excluded $242,167

  • 11a · Other revenue: MISCELLANEOUS FRIENDS

    total $11,755 · related or exempt $11,755

  • 11b · Other revenue: MISCELLANEOUS INCOME

    total $3 · related or exempt $3

  • 11e · Other revenue, total

    $11,758

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $96,000 · program services $96,000

  • 5 · Compensation of officers, directors and key employees

    total $193,442 · program services $77,377 · management and general $77,377 · fundraising $38,688

  • 7 · Other salaries and wages

    total $265,391 · program services $142,637 · management and general $80,421 · fundraising $42,333

  • 9 · Other employee benefits

    total $6,561 · program services $3,146 · management and general $2,256 · fundraising $1,159

  • 11b · Fees: legal

    total $10,888 · program services $5,444 · management and general $5,444

  • 11c · Fees: accounting

    total $24,747 · program services $12,374 · management and general $12,373

  • 11g · Fees: other

    total $198 · program services $99 · management and general $99

  • 12 · Advertising and promotion

    total $9,104 · program services $4,640 · management and general $2,733 · fundraising $1,731

  • 13 · Office expenses

    total $57,339 · program services $1,600 · management and general $55,143 · fundraising $596

  • 17 · Travel

    total $8,437 · program services $4,303 · management and general $2,535 · fundraising $1,599

  • 22 · Depreciation, depletion and amortization

    total $1,735 · management and general $1,735

  • 23 · Insurance

    total $6,296 · program services $3,213 · management and general $1,887 · fundraising $1,196

  • 24a · Other expenses: LIBRARY PROGRAM SUPPORT

    total $1,823,610 · program services $1,823,610

  • 24b · Other expenses: FRIENDS OF THE LIBRARY

    total $89,397 · program services $89,397

  • 24c · Other expenses: IN-KIND EXPENSES

    total $24,822 · program services $24,822

  • 24d · Other expenses: YOUTH SERVICES PROGRAMS

    total $18,016 · program services $18,016

  • 24e · All other expenses

    total $44,479 · program services $27,180 · management and general $14,777 · fundraising $2,522

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $232,646 · end of year $379,932

  • 2 · Savings and temporary cash investments

    beginning of year $590,444 · end of year $695,746

  • 8 · Inventories for sale or use

    beginning of year $5,620 · end of year $4,900

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

    $56,380

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

    $11,213

  • 10c · Land, buildings and equipment, net

    beginning of year $46,903 · end of year $45,167

  • 13 · Investments: program-related

    beginning of year $8,498,344 · end of year $9,085,725

  • 17 · Accounts payable and accrued expenses

    beginning of year $21,180 · end of year $17,806

  • 27 · Net assets without donor restrictions

    beginning of year $3,415,384 · end of year $3,755,165

  • 28 · Net assets with donor restrictions

    beginning of year $5,937,393 · end of year $6,438,499

Mission and programs · 2023

Mission

EXTEND THE REACH AND ENHANCE THE DEPTH OF PUBLIC LIBRARY SERVICES TO RESIDENTS OF SOUTHWEST WASHINGTON.

  • EACH OF THE FIFTEEN LIBRARIES HAS A FRIENDS OF THE LIBRARY GROUP THAT COLLECTS DUES, HOLDS BOOK SALES AND OTHER FUNDRAISING EVENTS AND CAMPAIGNS TO SUPPORT THAT LIBRARY IN ADDITION TO THE SUPPORT FROM THE FOUNDATION FOR THESE LIBRARIES.

    Expenses $123,303 · Revenue $173,119

  • THE FOUNDATION RECEIVES GRANTS AND INDIVIDUAL CONTRIBUTIONS FOR THE PURPOSE OF EXPANDING THE BOOK COLLECTIONS OF THE VARIOUS BRANCHES.

    Expenses $149,087 · Revenue $79,580

  • THE FOUNDATION SUPPORTS VARIOUS LIBRARY FUNCTIONS THROUGHOUT SOUTHWESTERN WASHINGTON INCLUDING BOOK PURCHASES, LIBRARY SUPPORT SERVICES AND ADVOCATING ON BEHALF OF THE LIBRARY DISTRICT.

    Expenses $2,061,468 · Grants $96,000 · Revenue $2,217,916

As filed on the 2023 return.

Listed in Part VII

  • JENNY BROWN

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    2

  • WENDI EATON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • DEBBIE JENNERJOHN

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    2

  • BYRON MOLLE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • RICH KOPLAN

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • KRISTI SPURGEON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • GAIL YOUNG

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • SKYLER MARTIN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • RICK SMITHRUD

    EXECUTIVE DIRECTOR

    Total calculated
    $155,254
    From this org
    $107,506
    From related orgs
    $0
    Other
    $47,748
    Hours/week
    40

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

  • FORT VANCOUVER REGIONAL LIBRARY DISTRICT

    $2,068,034

    THE FOUNDATION PURCHASES BOOKS FOR USE BY THE LIBRARIES OF THE FORT VANCOUVER LIBRARY DISTRICT. THE FOUNDATION ALSO PROVIDES CASH FOR NEW LIBRARY BUILDINGS OR BUILDING IMPROVEMENT PROJECTS. THE FOUNDATION ALSO ASSISTS THE LIBRARY DISTRICT WITH FUNDS FOR VARIOUS READING AND LITERACY PROGRAMS.

Provenance

Return type
form_990
Tax year
2023
Filed
11 December 2024
IRS schema version
2023v5.1
Source object
202413469349300226

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