Form 990 for tax year 2022
Filed by FOUNDATION FOR THE MONTEREY COUNTY FREE LIBRARIES.
Totals
- Total revenue
- $359,563
- Total expenses
- $241,388
- Contributions and grants received
- $277,341
- Grants paid
- $95,617
- Program service revenue
- $0
- Investment income
- $10,464
- Other revenue
- $71,758
- Total assets, end of year
- $726,480
- Total liabilities, end of year
- $34,443
- Net assets or fund balances, end of year
- $692,037
- Program services expenses (Part IX)
- $131,483
- Management and general expenses
- $58,726
- Fundraising expenses
- $51,179
- Program service expenses (Part III)
- $131,483
Program services were 54.5% 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
$277,341
-
3 · Investment income
total $10,175 · excluded $10,175
-
7a · Gross sales of assets other than inventory
securities $289
-
7b · Less cost or other basis and sales expenses
securities $0
-
7c · Gain or loss
securities $289
-
7d · Net gain or loss
total $289 · excluded $289
-
8a · Fundraising events: gross income
$110,462
-
8b · Fundraising events: direct expenses
$56,804
-
8c · Net income from fundraising events
total $53,658 · excluded $53,658
-
11a · Other revenue: OTHER INCOME
total $18,100 · related or exempt $18,100
-
11e · Other revenue, total
$18,100
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $95,367 · program services $95,367
-
2 · Grants to domestic individuals
total $250 · program services $250
-
5 · Compensation of officers, directors and key employees
total $61,588 · program services $20,528 · management and general $20,530 · fundraising $20,530
-
7 · Other salaries and wages
total $11,696 · program services $3,900 · management and general $3,898 · fundraising $3,898
-
9 · Other employee benefits
total $6 · program services $2 · management and general $2 · fundraising $2
-
10 · Payroll taxes
total $5,511 · program services $1,837 · management and general $1,837 · fundraising $1,837
-
11c · Fees: accounting
total $11,776 · management and general $11,776
-
11f · Fees: investment management
total $1,934 · management and general $1,934
-
12 · Advertising and promotion
total $1,795 · fundraising $1,795
-
13 · Office expenses
total $2,147 · program services $534 · management and general $1,079 · fundraising $534
-
14 · Information technology
total $5,516 · program services $1,379 · management and general $2,758 · fundraising $1,379
-
16 · Occupancy
total $12,000 · program services $3,000 · management and general $6,000 · fundraising $3,000
-
19 · Conferences, conventions and meetings
total $13 · management and general $13
-
23 · Insurance
total $3,141 · program services $785 · management and general $1,571 · fundraising $785
-
24a · Other expenses: CONTRACT LABOR
total $14,145 · fundraising $14,145
-
24b · Other expenses: DUES AND SUBSCRIPTIONS
total $7,651 · program services $1,913 · management and general $3,825 · fundraising $1,913
-
24c · Other expenses: BANK FEES AND PENALTIES
total $5,444 · program services $1,361 · management and general $2,722 · fundraising $1,361
-
24d · Other expenses: TAX AND LICENSES
total $781 · management and general $781
-
24e · All other expenses
total $627 · program services $627
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $33,230 · end of year $233,597
-
2 · Savings and temporary cash investments
beginning of year $331,906 · end of year $108,782
-
3 · Pledges and grants receivable
beginning of year $70,000 · end of year $35,000
-
4 · Accounts receivable
beginning of year $5 · end of year $5
-
10a · Land, buildings and equipment: cost or other basis
$5,834
-
10b · Land, buildings and equipment: accumulated depreciation
$5,834
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $449,687 · end of year $349,096
-
17 · Accounts payable and accrued expenses
beginning of year $130,654 · end of year $1,663
-
25 · Other liabilities
beginning of year $97,058 · end of year $32,780
-
27 · Net assets without donor restrictions
beginning of year $238,371 · end of year $235,969
-
28 · Net assets with donor restrictions
beginning of year $418,745 · end of year $456,068
Mission and programs · 2022
Mission
TO ASSIST THE MONTEREY COUNTY FREE LIBRARIES IN PROVIDING ACCESS TO INFORMATION, EDUCATION, AND RECREATIONAL MATERIALS, AND LIFELONG LEARNING OPPORTUNITIES TO THE DIVERSE CULTURAL, LINGUISTIC, URBAN, AND RURAL COMMUNITIES IT SERVES.
-
PROVIDED FUNDING TO MONTEREY COUNTY FREE LIBRARIES TO SUPPORT INITIATIVES INCLUDING BUT NOT LIMITED TO HOMEWORK CENTERS, CHILDREN AND YOUTH PROGRAMS SUCH AS SUMMER READING CLUB AND WINTER READING CLUB, TECHNOLOGY RESOURCES, BOOKS AND MATERIALS, AND ADULT LITERACY.
Expenses $131,483 · Grants $95,617 · Revenue $18,100
As filed on the 2022 return.
Listed in Part VII
-
Julia FosterJULIA FOSTER
EXECUTIVE DIR.
- Total calculated
- $34,012
- From this org
- $34,012
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Eryan CooperERYAN COOPER
INTERIM DIRECTOR
- Total calculated
- $27,579
- From this org
- $27,579
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Nancy HarrayNANCY HARRAY
PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Nisha AddlemanNISHA ADDLEMAN
PRESIDENT (AS OF JULY 2022)
- Total calculated
- $0
- Hours/week
- 2
-
Ron EastwoodRON EASTWOOD
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Aviv KadoshAVIV KADOSH
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Sheri ClineSHERI CLINE
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Luis ArreguinLUIS ARREGUIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Nancy AusonioNANCY AUSONIO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Zeandae JohnsonZEANDAE JOHNSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Leinette LimtiacoLEINETTE LIMTIACO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Andrea MonroeANDREA MONROE
DIRECTOR (THROUGH AUGUST 2022)
- Total calculated
- $0
- Hours/week
- 2
-
Kellie MorgantiniKELLIE MORGANTINI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
William ShearerWILLIAM SHEARER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Melanie ZaragozaMELANIE ZARAGOZA
DIRECTOR
- 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
-
COUNTY OF MONTEREY
$95,367
TO ASSIST THE LIBRARY
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202343199349315419
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