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Nonprofiteer
← THE LIBRARY FOUNDATION INC

Form 990 for tax year 2024

Filed by THE LIBRARY FOUNDATION INC.

Totals

Total revenue
$368,213
Total expenses
$290,294
Contributions and grants received
$96,277
Grants paid
$104,255
Program service revenue
$0
Investment income
$271,936
Other revenue
$0
Total assets, end of year
$4,378,268
Total liabilities, end of year
$17,238
Net assets or fund balances, end of year
$4,361,030
Program services expenses (Part IX)
$181,989
Management and general expenses
$44,211
Fundraising expenses
$64,094
Program service expenses (Part III)
$181,989

Program services were 62.7% 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.

  • 1c · Fundraising events

    $72,628

  • 1f · All other contributions, gifts and grants

    $23,649

  • 3 · Investment income

    total $114,216 · excluded $114,216

  • 7a · Gross sales of assets other than inventory

    securities $158,853

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

    securities $1,133

  • 7c · Gain or loss

    securities $157,720

  • 7d · Net gain or loss

    total $157,720 · excluded $157,720

  • 8a · Fundraising events: gross income

    $0

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

    $72,628

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $104,255 · program services $104,255

  • 11c · Fees: accounting

    total $5,800 · management and general $5,800

  • 11g · Fees: other

    total $23,673 · management and general $23,673

  • 12 · Advertising and promotion

    total $882 · management and general $882

  • 24a · Other expenses: PAYROLL EXPENSES

    total $65,493 · program services $65,493

  • 24b · Other expenses: FUNDRASING EXPENSES

    total $64,094 · fundraising $64,094

  • 24c · Other expenses: GENERAL OPREATIONS

    total $13,856 · management and general $13,856

  • 24d · Other expenses: EMPLOYEE BENEFITS

    total $6,459 · program services $6,459

  • 24e · All other expenses

    total $5,782 · program services $5,782

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $59,410 · end of year $36,984

  • 11 · Investments: publicly traded securities

    beginning of year $4,086,530 · end of year $4,341,284

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,500 · end of year $17,238

  • 27 · Net assets without donor restrictions

    beginning of year $3,958,130 · end of year $4,165,534

  • 28 · Net assets with donor restrictions

    beginning of year $184,310 · end of year $195,496

Mission and programs · 2024

Mission

TO ENSURE THAT THE MANATEE COUNTY LIBRARY SYSTEM OBTAINS AND MANAGES NEEDED SUPPLEMENTAL FUNDS AND SUPPORT TO ACHIEVE ITS POTENTIAL TODAY AND TOMORROW AS AN INDISPENSABLE COMMUNITY RESOURCE.

Activities or mission (Part I)

THE LIBRARY FOUNDATION, INC.'S MISSION IS TO ENSURE THAT THE MANATEE COUNTY LIBRARY SYSTEM OBTAINS SUPPLEMENTAL FUNDS AND SUPPORT TO ACHIEVE ITS POTENTIAL AS AN INDISPENSABLE COMMUNITY RESOURCE.

  • ANNUAL DISTRIBUTION FROM OUR UNRESTRICTED FUNDS HELD BY THE MANATEE COMMUNITY FOUNDATION. WE BUDGET 3.5% FROM THE RESTRICTED FUNDS. THE COUNTY REPRESENTATIVE DRAFTS REQUESTS FOR THE FUNDING WHICH ARE MATERIALS FOR THE LIBRARIES THAT WOULD NOT BE AVAILABLE THROUGH TRADITIONAL FUNDING.

    Expenses $181,989 · Grants $104,255 · Revenue $96,277

As filed on the 2024 return.

Listed in Part VII

  • BOBBI JAYNE VITALE

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0

  • JENNIFER RUFFINO

    TREASURER

    Total calculated
    $0
    Hours/week
    0

  • BRENT GIANGREGORIO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • BILL GRIFFITH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • RALPH HUGHES

    SECRETARY

    Total calculated
    $0
    Hours/week
    0

  • TJ KORNETT

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0

  • JULIE PERRY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • SUE SEITER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • SALLY VASTOLA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • KEVIN ALLEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • MARISA POWERS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    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

Provenance

Return type
form_990
Tax year
2024
Filed
26 January 2026
IRS schema version
2024v5.5
Source object
202640269349300339

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