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Nonprofiteer
← MONTECITO FRIENDS OF THE LIBRARY

Form 990 for tax year 2024

Filed by MONTECITO FRIENDS OF THE LIBRARY.

Totals

Total revenue
$237,765
Total expenses
$187,099
Contributions and grants received
$146,493
Grants paid
$127,790
Program service revenue
$0
Investment income
$91,272
Other revenue
$0
Total assets, end of year
$1,525,746
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,525,746
Program services expenses (Part IX)
$141,180
Management and general expenses
$29,013
Fundraising expenses
$16,906
Program service expenses (Part III)
$141,180

Program services were 75.5% 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.

  • 1f · All other contributions, gifts and grants

    $146,493

  • 3 · Investment income

    total $25,969 · excluded $25,969

  • 7a · Gross sales of assets other than inventory

    securities $212,636

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

    securities $147,333

  • 7c · Gain or loss

    securities $65,303

  • 7d · Net gain or loss

    total $65,303 · related or exempt $65,303

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $127,790 · program services $127,790

  • 11c · Fees: accounting

    total $5,350 · management and general $5,350

  • 11f · Fees: investment management

    total $15,312 · management and general $15,312

  • 11g · Fees: other

    total $11,284 · program services $2,514 · management and general $4,385 · fundraising $4,385

  • 12 · Advertising and promotion

    total $1,840 · fundraising $1,840

  • 13 · Office expenses

    total $19,649 · program services $9,369 · management and general $911 · fundraising $9,369

  • 14 · Information technology

    total $3,936 · program services $1,312 · management and general $1,312 · fundraising $1,312

  • 19 · Conferences, conventions and meetings

    total $195 · program services $195

  • 23 · Insurance

    total $1,743 · management and general $1,743

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $16,223 · end of year $30,930

  • 11 · Investments: publicly traded securities

    beginning of year $1,187,994 · end of year $1,233,375

  • 12 · Investments: other securities

    beginning of year $217,223 · end of year $254,841

  • 15 · Other assets

    beginning of year $6,600 · end of year $6,600

  • 27 · Net assets without donor restrictions

    beginning of year $723,697 · end of year $809,293

  • 28 · Net assets with donor restrictions

    beginning of year $704,343 · end of year $716,453

Mission and programs · 2024

Mission

THE MONTECITO FRIENDS OF THE LIBRARY IS A NON-PROFIT ORGANIZATION FORMED TO RAISE MUCH NEEDED FUNDS IN ORDER TO SUPPLEMENT THE FUNDING FROM THE SANTA BARBARA PUBLIC LIBRARY. THE ULTIMATE GOAL OF THE ORGANIZATION IS TO OFFER THIS ADDITIONAL FUNDING SO THE MONTECITO LIBRARY CAN CONTINUE TO ENHANCE ITS ABILITY TO PROVIDE COMPREHENSIVE AND INNOVATIVE PROGRAMMING, TIMELY RESOURCES & RESPONSIVE ASSISTANCE TO FOSTER A THRIVING COMMUNITY OF LEARNING, SHARING AND CREATING.

Activities or mission (Part I)

THE MONTECITO FRIENDS OF THE LIBRARY IS A NON-PROFIT ORGANIZATION FORMED TO RAISE MUCH NEEDED FUNDS IN ORDER TO SUPPLEMENT THE FUNDING FROM THE COUNTY OF SANTA BARBARA TO THE SANTA BARBARA PUBLIC LIBRARY. THE ULTIMATE GOAL OF THE ORGANIZATION IS TO OFFER THIS ADDITIONAL FUNDING SO THE MONTECITO LIBRARY CAN CONTINUE TO ENHANCE ITS ABILITY TO PROVIDE COMPREHENSIVE AND INNOVATIVE PROGRAMMING, TIMELY RESOURCES & RESPONSIVE ASSISTANCE TO FOSTER A THRIVING COMMUNITY OF LEARNING, SHARING AND CREATING.

  • FOSTERING COMMUNITY AWARENESS, SUPPORT AND USE OF THE FACILITIES AND PROGRAMS OF THE MONTECITO LIBRARY BY PROVIDING AN ANNUAL GRANT TO THE SANTA BARBARA PUBLIC LIBRARY SYSTEM, WHO IN TURN IS BETTER ABLE TO FACILITATE THE SUSTAINMENT OF THE MONTECITO LIBRARY AT ITS HIGHEST LEVEL OF OPERATIONS. THESE PUBLIC DONATIONS ARE ULTIMATELY USED TO HELP FUND OPERATIONS AND SPONSOR PROGRAMS DESIGNED TO ADD TO THE CULTURAL LIFE OF THE COMMUNITY AND TO ENCOURAGE THE INTRODUCTION AND USE OF DEVELOPING LIBRARY TECHNOLOGY, AS WELL AS SUPPORTING AN ACTIVE CHILDREN'S PROGRAM IN COORDINATION WITH EXISTING SCHOOL AND LIBRARY PROGRAMS.

    Expenses $141,180 · Grants $127,790

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Pat Saley

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Kendra Epley

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Kelly Hatchett

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Louise Kelly

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Melissa Franklin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jason Siemens

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jeff Donahue

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Zoe Copus

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

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 SANTA BARBARA DEPARTMENT OF COMMUNITY SERVICES

    $125,000

    TO SUPPLEMENT MONIES PROVIDED BY THE CITY FOR THE OPERATION OF THE MONTECITO LIBRARY

  • COUNTY OF SANTA BARBARA DEPARTMENT OF COMMUNITY SERVICES

    $2,790

    PURCHASE OF FURNITURE FOR LIBRARY

Provenance

Return type
form_990
Tax year
2024
Filed
6 November 2025
IRS schema version
2024v5.2
Source object
202503149349306155

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