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Nonprofiteer
← LIBRARY FOUNDATION OF LOS ANGELES

Form 990 for tax year 2024

Filed by LIBRARY FOUNDATION OF LOS ANGELES.

Totals

Total revenue
$9,316,123
Total expenses
$9,908,588
Contributions and grants received
$6,291,156
Grants paid
$0
Program service revenue
$0
Investment income
$3,297,411
Other revenue
-$272,444
Total assets, end of year
$68,590,202
Total liabilities, end of year
$483,608
Net assets or fund balances, end of year
$68,106,594
Program services expenses (Part IX)
$6,098,028
Management and general expenses
$1,790,701
Fundraising expenses
$2,019,859
Program service expenses (Part III)
$6,098,028

Program services were 61.5% 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.

  • 1b · Membership dues

    $465,255

  • 1c · Fundraising events

    $649,701

  • 1e · Government grants (contributions)

    $495,134

  • 1f · All other contributions, gifts and grants

    $4,681,066

  • 1g · Noncash contributions included above

    $278,544

  • 3 · Investment income

    total $556,083 · unrelated business $30,475 · excluded $525,608

  • 7a · Gross sales of assets other than inventory

    securities $3,574,648

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

    securities $833,320

  • 7c · Gain or loss

    securities $2,741,328

  • 7d · Net gain or loss

    total $2,741,328 · excluded $2,741,328

  • 8a · Fundraising events: gross income

    $72,000

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

    $649,701

  • 8b · Fundraising events: direct expenses

    $141,964

  • 8c · Net income from fundraising events

    total -$69,964 · excluded -$69,964

  • 10a · Gross sales of inventory

    $493,109

  • 10b · Cost of goods sold

    $695,589

  • 10c · Net income from sales of inventory

    total -$202,480 · excluded -$202,480

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $864,914 · program services $111,692 · management and general $419,140 · fundraising $334,082

  • 7 · Other salaries and wages

    total $2,525,579 · program services $939,921 · management and general $667,768 · fundraising $917,890

  • 8 · Pension plan contributions

    total $78,578 · program services $28,411 · management and general $22,650 · fundraising $27,517

  • 9 · Other employee benefits

    total $216,936 · program services $103,756 · management and general $40,562 · fundraising $72,618

  • 10 · Payroll taxes

    total $246,919 · program services $81,697 · management and general $74,815 · fundraising $90,407

  • 11b · Fees: legal

    total $34,652 · management and general $34,652

  • 11c · Fees: accounting

    total $93,697 · management and general $93,697

  • 11f · Fees: investment management

    total $127,197 · management and general $127,197

  • 11g · Fees: other

    total $2,485,021 · program services $2,340,870 · management and general $131,071 · fundraising $13,080

  • 12 · Advertising and promotion

    total $264,325 · program services $153,421 · fundraising $110,904

  • 13 · Office expenses

    total $188,037 · program services $72,966 · management and general $15,093 · fundraising $99,978

  • 16 · Occupancy

    total $9,307 · program services $9,307

  • 17 · Travel

    total $139,467 · program services $69,630 · management and general $44,459 · fundraising $25,378

  • 22 · Depreciation, depletion and amortization

    total $1,002 · management and general $1,002

  • 23 · Insurance

    total $39,180 · program services $5,510 · management and general $33,670

  • 24a · Other expenses: PROGRAM MATERIALS

    total $677,139 · program services $658,639 · fundraising $18,500

  • 24b · Other expenses: COMPUTER EQUIPMENT

    total $466,361 · program services $255,700 · management and general $50,682 · fundraising $159,979

  • 24c · Other expenses: FURNITURE AND FIXTURES

    total $405,126 · program services $400,483 · management and general $4,276 · fundraising $367

  • 24d · Other expenses: EVENTS

    total $397,283 · program services $299,945 · management and general $3,281 · fundraising $94,057

  • 24e · All other expenses

    total $647,868 · program services $566,080 · management and general $26,686 · fundraising $55,102

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,769,535 · end of year $6,657,794

  • 2 · Savings and temporary cash investments

    beginning of year $7,678 · end of year $20,228

  • 3 · Pledges and grants receivable

    beginning of year $1,684,361 · end of year $809,273

  • 8 · Inventories for sale or use

    beginning of year $122,528 · end of year $150,683

  • 9 · Prepaid expenses and deferred charges

    beginning of year $230,683 · end of year $184,056

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

    $526,292

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

    $268,683

  • 10c · Land, buildings and equipment, net

    beginning of year $282,079 · end of year $257,609

  • 11 · Investments: publicly traded securities

    beginning of year $42,988,631 · end of year $44,465,285

  • 12 · Investments: other securities

    beginning of year $15,236,528 · end of year $16,045,274

  • 17 · Accounts payable and accrued expenses

    beginning of year $441,181 · end of year $483,608

  • 27 · Net assets without donor restrictions

    beginning of year $26,720,740 · end of year $27,127,170

  • 28 · Net assets with donor restrictions

    beginning of year $39,160,102 · end of year $40,979,424

Mission and programs · 2024

Mission

SEE SCHEDULE O

Activities or mission (Part I)

TO FISCALLY SUPPORT THE LOS ANGELES PUBLIC LIBRARY.

  • HELPING STUDENTS SUCCEED:LFLA HELPS LAPL PROVIDE A RANGE OF SERVICES, PROGRAMS, EVENTS, AND OTHER RESOURCES THAT HELP CHILDREN AND TEENS THRIVE. FOR CHILDREN AGES 0-10, LAPL'S WE READ TOGETHER INITIATIVE ENGAGES EARLY AND EMERGING READERS AND THEIR PARENTS WITH STORY TIMES TO MODEL EVIDENCE-BASED LITERACY PRACTICES, PARENT WORKSHOPS TO HELP FAMILIES INTEGRATE LITERACY PRACTICES INTO THEIR DAILY ROUTINES, AND FAMILY-FRIENDLY EVENTS. THESE OFFERINGS PROMOTE SCHOOL-READINESS, LITERACY, LEARNING, PLAY, CURIOSITY, AND COMMUNITY. FOR SCHOOL-AGE YOUTH, LFLA HELPS LAPL DELIVER EXPERT ONLINE PRIVATE TUTORING TO ALL K-12 YOUTH AND COLLEGE STUDENTS WITH A LIBRARY CARD BETWEEN 11 AM AND 11 PM EVERY DAY, STUDENT ZONES THAT PROVIDE DEDICATED AND DIRECT ACCESS TO COMPUTERS AND IN-PERSON HOMEWORK ASSISTANCE AT 38 LOCAL LIBRARIES IN LOW-INCOME COMMUNITIES, AND COLLEGE-PREP SERVICES TO HELP YOUTH AND FAMILIES PREPARE FOR COLLEGE. THE TEENS LEADING CHANGE PROGRAM PROVIDES LFLA-FUNDED MINI-GRANTS TO GROUPS OF YOUTH AND LIBRARIANS TO RESEARCH AND PILOT STRATEGIES TO ADDRESS LOCAL SOCIAL ISSUES.

    Expenses $2,078,632

  • INVESTING IN LIFELONG LEARNING:LFLA SUPPORTS ADULTS WHO WANT TO IMPROVE ESSENTIAL LITERACIES. THE ADULT LITERACY INITIATIVE OFFERS ONE-ON-ONE TUTORING FOR ADULTS READING BELOW THE SIXTH-GRADE LEVEL. THE PROGRAM'S FAMILY LITERACY SERVICES PROVIDE COACHING FOR ADULT LITERACY LEARNERS TO SUPPORT THEIR CHILDREN'S EARLY LITERACY DEVELOPMENT. ADDITIONAL ADULT LITERACY COMPONENTS INCLUDE DROP-IN TUTORING, CLASSES, AND ESL SERVICES. CAREER ONLINE HIGH SCHOOL GIVES ADULTS ANOTHER CHANCE TO EARN AN ACCREDITED HIGH SCHOOL DIPLOMA. LAPL'S CYBERNAUT DIGITAL NAVIGATORS, STATIONED AT 37 LIBRARIES AND VIA A REMOTE SERVICE, PROMOTE DIGITAL INCLUSION BY PROVIDING ON-DEMAND TECH SUPPORT AND TRAINING AND LEADING DIGITAL LITERACY WORKSHOPS AND CLASSES FOR SMALL GROUPS. LAPL'S FULL STEAM AHEAD INITIATIVE PROMOTES SCIENCE AND ENVIRONMENTAL LITERACY BY OFFERING WORKSHOPS, EVENTS, AND KITS THAT FOSTER NEIGHBORHOOD SCIENCE, CREATIVITY, AND INQUIRY-BASED PROBLEM-SOLVING FOR PEOPLE OF ALL AGES.

    Expenses $2,056,818

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $1,962,578

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • DEBRA ALBIN-RILEY

    CHAIR

    Total calculated
    $0
    Hours/week
    6

  • DEAN HANSELL

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    4

  • KIM SONNENBLICK

    SECRETARY

    Total calculated
    $0
    Hours/week
    3

  • DAVID ROSENBLUM

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • BETSY APPLEBAUM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • NICOLE NEEMAN BRADY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • HELEN BREMER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • BRENDON CASSIDY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ANDREW CHICK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JENNIFER CHU

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • NANCY DEBRIER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SUNITA DESHMUKH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SANDY DUNLEAVY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • AMANDA FAIREY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TOM GEISER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • THOMAS HECK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL T M JONES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JUDY KAMINS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • PATRICIA KAO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL KEEGAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SANDRA KULLI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • COURTNEY LILLY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KEVIN MCKEON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BETH MICHELSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KEVIN PHILIP

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CELIA RAMOS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LISA RICHARDSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KATE ROBERTS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ALLISON SAMEK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LAURA SEIGLE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • NYANZA SHAW

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RACHEL SMALL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL SPEAKER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BETSY WANNER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • NONA FARAHNIK YADEGAR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • STEPHANIE YONEKURA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • STACY LIEBERMAN

    PRESIDENT & CEO

    Total calculated
    $337,950
    From this org
    $319,807
    From related orgs
    $0
    Other
    $18,143
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $319,807
    Bonus
    $0
    Other
    $0
    Deferred
    $12,910
    Nontaxable benefits
    $5,233
    Filer's total
    $337,950

  • MELISSA KHAMVONGSA

    CHIEF DEVELOPMENT OFFICER

    Total calculated
    $164,386
    From this org
    $141,580
    From related orgs
    $0
    Other
    $22,806
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $141,580
    Bonus
    $0
    Other
    $0
    Deferred
    $2,875
    Nontaxable benefits
    $19,931
    Filer's total
    $164,386

  • SHAWN RUBIN

    CHIEF FINANCIAL & OPERATING OFFICER

    Total calculated
    $241,461
    From this org
    $207,156
    From related orgs
    $0
    Other
    $34,305
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $207,156
    Bonus
    $0
    Other
    $0
    Deferred
    $8,419
    Nontaxable benefits
    $25,886
    Filer's total
    $241,461

  • IMANI HARRIS

    SR DIR OF CORP AND FDN RELATIONS

    Total calculated
    $171,837
    From this org
    $155,253
    From related orgs
    $0
    Other
    $16,584
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $155,253
    Bonus
    $0
    Other
    $0
    Deferred
    $6,220
    Nontaxable benefits
    $10,364
    Filer's total
    $171,837

  • JESSICA STRAND

    SR DIR OF PROGRAMMING & STRATEGIC ENGAGEMENT

    Total calculated
    $168,615
    From this org
    $138,713
    From related orgs
    $0
    Other
    $29,902
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $138,713
    Bonus
    $0
    Other
    $0
    Deferred
    $5,824
    Nontaxable benefits
    $24,078
    Filer's total
    $168,615

  • ELIZABETH CHANDLER

    DIRECTOR OF HUMAN RESOURCES

    Total calculated
    $130,732
    From this org
    $115,703
    From related orgs
    $0
    Other
    $15,029
    Hours/week
    40

  • SARAH CHARLETON

    DIR OF M&AG (UNTIL 11/2024)

    Total calculated
    $124,635
    From this org
    $114,743
    From related orgs
    $0
    Other
    $9,892
    Hours/week
    40

  • ALEX NGUYEN

    DIRECTOR OF MAJOR & PLANNED GIVING

    Total calculated
    $139,555
    From this org
    $125,763
    From related orgs
    $0
    Other
    $13,792
    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. 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
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment

Answered no

  • 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

The filer's explanations (Part III)

PART I, LINE 4A
SARAH CHARLETON RECEIVED A SEPARATION PAYMENT OF $23,722.

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.

Provenance

Return type
form_990
Tax year
2024
Filed
30 April 2026
IRS schema version
2024v5.5
Source object
202601219349302500

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