Form 990 for tax year 2024
Filed by LIBRARY FOUNDATION FOR SARASOTA COUNTY INC.
Totals
- Total revenue
- $940,308
- Total expenses
- $721,968
- Contributions and grants received
- $790,548
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $149,760
- Other revenue
- $0
- Total assets, end of year
- $6,133,277
- Total liabilities, end of year
- $951,007
- Net assets or fund balances, end of year
- $5,182,270
- Program services expenses (Part IX)
- $512,649
- Management and general expenses
- $80,775
- Fundraising expenses
- $128,544
- Program service expenses (Part III)
- $512,649
Program services were 71.0% 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
$379,995
-
1f · All other contributions, gifts and grants
$410,553
-
3 · Investment income
total $149,760 · excluded $149,760
-
8a · Fundraising events: gross income
$134,497
-
8a · Fundraising events: contributions included on line 1c
$379,995
-
8b · Fundraising events: direct expenses
$134,497
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $129,077 · program services $77,446 · management and general $19,362 · fundraising $32,269
-
7 · Other salaries and wages
total $139,230 · program services $83,539 · management and general $20,884 · fundraising $34,807
-
10 · Payroll taxes
total $19,658 · program services $11,794 · management and general $2,949 · fundraising $4,915
-
11c · Fees: accounting
total $36,442 · program services $29,154 · management and general $7,288
-
11f · Fees: investment management
total $3,546 · management and general $3,546
-
11g · Fees: other
total $4,551 · program services $4,551
-
12 · Advertising and promotion
total $30,960 · program services $15,480 · fundraising $15,480
-
13 · Office expenses
total $19,384 · program services $2,287 · management and general $6,262 · fundraising $10,835
-
17 · Travel
total $1,434 · program services $717 · fundraising $717
-
20 · Interest
total $1,626 · program services $1,301 · management and general $325
-
23 · Insurance
total $6,058 · management and general $6,058
-
24a · Other expenses: OTHER PROGRAM EXPENSE
total $89,563 · program services $89,563
-
24b · Other expenses: CREATIVE STATION
total $50,502 · program services $50,502
-
24c · Other expenses: VENICE LIBRARY JERVEY EXP
total $49,916 · program services $49,916
-
24d · Other expenses: IMAGINATION LIBRARY
total $33,076 · program services $33,076
-
24e · All other expenses
total $106,945 · program services $63,323 · management and general $14,101 · fundraising $29,521
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,277,743 · end of year $2,218,192
-
2 · Savings and temporary cash investments
beginning of year $171,598 · end of year $224,302
-
9 · Prepaid expenses and deferred charges
beginning of year $48,159 · end of year $66,097
-
10a · Land, buildings and equipment: cost or other basis
$2,744
-
10b · Land, buildings and equipment: accumulated depreciation
$2,744
-
11 · Investments: publicly traded securities
beginning of year $1,058,055 · end of year $1,038,340
-
15 · Other assets
beginning of year $3,109,968 · end of year $2,586,346
-
17 · Accounts payable and accrued expenses
beginning of year $2,090 · end of year $4,600
-
19 · Deferred revenue
beginning of year $7,500 · end of year $12,500
-
24 · Unsecured notes and loans payable
beginning of year $42,127 · end of year $8,733
-
25 · Other liabilities
beginning of year $229,887 · end of year $925,174
-
27 · Net assets without donor restrictions
beginning of year $2,967,793 · end of year $2,868,184
-
28 · Net assets with donor restrictions
beginning of year $2,416,126 · end of year $2,314,086
Mission and programs · 2024
Mission
THE MISSION OF THE LIBRARY FOUNDATION FOR SARASOTA COUNTY IS TO CHAMPION STRONG PUBLIC LIBRARIES, SUPPORT INNOVATION AND HELP EXTEND THE LIBRARY SYSTEM'S REACH FOR EVERYONE IN SARASOTA.
Activities or mission (Part I)
MISSION IS TO CHAMPION STRONG PUBLIC LIBRARIES, SUPPORT INNOVATION AND HELP EXTEND THE LIBRARY SYSTEM'S REACH FOR EVERYONE IN SARASOTA.
-
THE MISSION OF THE LIBRARY FOUNDATION FOR SARASOTA COUNTY IS TO CHAMPION STRONG PUBLIC LIBRARIES, SUPPORT INNOVATION AND HELP EXTEND THE LIBRARY SYSTEM'S REACH FOR EVERYONE IN SARASOTA.
Expenses $512,649
As filed on the 2024 return.
Listed in Part VII
-
Alisa MitchellALISA MITCHELL
EXECUTIVE DI
- Total calculated
- $129,077
- From this org
- $129,077
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Terry BrackettTERRY BRACKETT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Ilene DentonILENE DENTON
VICE PRESIDE
- Total calculated
- $0
- Hours/week
- 2
-
Tim JaegerTIM JAEGER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Alexandra JupinALEXANDRA JUPIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Sarah KaronSARAH KARON
PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Judy LierschJUDY LIERSCH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Victor RomanoVICTOR ROMANO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Fletcher RushFLETCHER RUSH
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Mark SteinwachsMARK STEINWACHS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Todd SweetTODD SWEET
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Crishuana WilliamsCRISHUANA WILLIAMS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Kat WingertKAT WINGERT
TREASURER
- Total calculated
- $0
- Hours/week
- 2
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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 19 September 2025
- IRS schema version
- 2024v5.0
- Source object
- 202512949349300211
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