2022-05-14T15:35:29-05:00 2021-06-30 953001179 WINDES INC POBOX 87 LONG BEACH CA 908010087 990 2020-07-01 954368250 THE LIBRARY FOUNDATION OF LOS ANGELES LIBR 2132287500 630 W FIFTH STREET LOS ANGELES CA 90071 JULIE TUGEND INTERIM PRESIDENT AND CEO 2132287500 2022-05-13 1 JULIE TUGEND 999009999 DONITA M JOSEPH P00286656 5624351191 2022-05-13 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z JULIE TUGEND 630 W FIFTH STREET LOS ANGELES CA 90071 9969044 0 X WWW.LFLA.ORG X 1992 CA TO SUPPORT THE LOS ANGELES PUBLIC LIBRARY. 52 51 45 51 0 0 6759235 7070447 157613 0 956689 2281204 -127761 -36064 7745776 9315587 0 0 0 0 4082584 3811277 0 0 1040307 2352019 1728551 6434603 5539828 1311173 3775759 50864800 63810856 806196 676359 50058604 63134497 X THE FOUNDATION SUPPORTS AND ENRICHES THE CAPABILITIES, RESOURCES, AND SERVICES OF THE LOS ANGELES PUBLIC LIBRARY THROUGH FUNDRAISING, ADVOCACY, AND INNOVATIVE PROGRAMS THAT BENEFIT THE DIVERSE COMMUNITY AND PROMOTE GREATER AWARENESS OF THE LIBRARY'S VALUABLE RESOURCES. 0 0 872163 INVESTING IN LIFELONG LEARNING:THE FOUNDATION IS COMMITTED TO BREAKING CYCLES OF LOW LITERACY IN ITS MULTITUDE OF FORMS. THE ADULT LITERACY INITIATIVE OFFERS ONE-ON-ONE TUTORING TO ADULTS READING BELOW THE SIXTH-GRADE EQUIVALENCY. THE INITIATIVE ALSO PROVIDES COACHING TO HELP ADULTS WHO STRUGGLE WITH LITERACY SUPPORT THEIR CHILDREN'S EARLY LITERACY DEVELOPMENT. ADDITIONAL ADULT LITERACY COMPONENTS INCLUDE DROP-IN TUTORING, TOPICAL SEMINARS AND CLASSES, AND ENGLISH-AS-ANOTHER-LANGUAGE SERVICES TO HELP ADULTS INCREASE ENGLISH-LANGUAGE FLUENCY OR BECOME LITERATE IN THEIR NATIVE LANGUAGE. LIKE NEARLY ALL LAPL SERVICES, ADULT LITERACY WAS OFFERED VIRTUALLY DURING THE COVID-19 PANDEMIC. CAREER ONLINE HIGH SCHOOL GIVES ADULTS ANOTHER CHANCE TO EARN AN ACCREDITED HIGH-SCHOOL DIPLOMA. CYBERNAUTS AT 38 LIBRARIES PROMOTE DIGITAL LITERACY TO HELP PATRONS USE COMPUTERS TO FIND INFORMATION AND COMPLETE TASKS. THE FOUNDATION SUPPORTS LAPL'S EFFORTS TO ADDRESS DIGITAL EQUITY CITYWIDE BY CIRCULATING HIGH-SPEED MOBILE HOTSPOTS AND LAPTOPS AT NO COST TO THOSE WHO NEED DIGITAL ACCESS. ALSO, LAPL'S FULL STEAM AHEAD INITIATIVE PROMOTES SCIENCE LITERACY BY OFFERING CHILDREN, ADULTS, AND FAMILIES ACTIVITIES TO INSPIRE THEIR CREATIVITY, EXPLORE NEIGHBORHOOD SCIENCE, AND PROBLEM SOLVE. 1026265 ENGAGING THE IMAGINATION:THROUGH ITS ACCLAIMED ALOUD CULTURAL PROGRAMMING SERIES, LFLA BRINGS RENOWNED AND EMERGING LITERARY ARTISTS, FILMMAKERS, SCIENTISTS, MUSICIANS, POLICYMAKERS, AND OTHER LUMINOUS MINDS IN DIRECT CONVERSATION WITH LIBRARY PATRONS. THE FOUNDATION SUPPORTS LAPL'S L.A. MADE SERIES THAT DELIVERS HUMANITIES PROGRAMMING, PERFORMANCES, AND ACTIVITIES TO THE CITY'S DIVERSE COMMUNITIES. THE FOUNDATION AND LAPL'S EXHIBITIONS HIGHLIGHT LAPL'S HISTORIC COLLECTIONS, THE DIVERSE STORIES AND PEOPLE OF L.A., AND CONTEMPORARY ISSUES THAT RESONATE WITH OUR LIVES. IN MAY OF 2021, THE FOUNDATION PRESENTED AN ONLINE AND IN-PERSON EXHIBITION TITLED "STORIES AND VOICES FROM L.A. CHINATOWN" WITH THE HUNTINGTON LIBRARY AND LAPL. THE EXHIBITION CELEBRATED AND HIGHLIGHTED THE HISTORY, VISION, AND RESILIENCE OF NEW CHINATOWN, THE FIRST COMMUNITY IN THE U.S. TO BE PLANNED AND OWNED BY PEOPLE OF CHINESE DESCENT. THE FOUNDATION ALSO SUPPORTS DIGITIZATION PROJECTS AT LAPL THAT ARCHIVE AND PRESERVE COLLECTIONS OF PHOTOS, EPHEMERA, MAPS, AND OTHER ITEMS SO THAT THEY CAN BE ACCESSED ONLINE BY RESEARCHERS, STUDENTS, AND ANY OTHER CURIOUS MINDS. FINALLY, THE FOUNDATION HELPS LAPL DEVELOP NEW SPACES TO HELP L.A. RESIDENTS MAKE AND CREATE USING STATE-OF-THE-ART MODELING AND FABRICATION TOOLS AND AUDIO/VISUAL RECORDING EQUIPMENT IN AREAS LIKE THE OCTAVIA LAB AT THE DOWNTOWN CENTRAL LIBRARY. 1817279 HELPING STUDENTS SUCCEED:THE FOUNDATION HELPS LAPL PRESENT A RANGE OF PUBLIC SERVICES AND PROGRAMS TO SUPPORT EARLY LITERACY AND SOCIAL DEVELOPMENT FOR CHILDREN AGES 0-5, ACADEMIC SUPPORT FOR CHILDREN AND TEENS, CIVIC LEARNING AND EXPERIENCES FOR TEENS, AND COLLEGE PREPARATORY RESOURCES FOR YOUTH AND THEIR FAMILIES. LAPL'S WE READ TOGETHER INITIATIVE PROVIDES INFORMATION, RESOURCES, AND ACTIVITIES FOR PARENTS AND CAREGIVERS TO LEARN AND PRACTICE EARLY LITERACY TECHNIQUES WITH CHILDREN AGES 0-5. WITH THE FOUNDATION'S SUPPORT, LAPL OFFERS DAILY STORY TIMES WHERE LIBRARIANS MODEL HOW TO READ ALOUD, WORKSHOPS THAT HELP PARENTS INTEGRATE EARLY LITERACY INTO THEIR CHILDREN'S DAILY LIVES, AND AN OUTREACH SERVICE CALLED READ BABY READ THAT DELIVERS CRITICAL INFORMATION AND RESOURCES TO NEW AND EXPECTANT PARENTS ON THE IMPORTANCE OF LITERACY FROM BIRTH. THE FOUNDATION SUPPORTS SCHOOL-AGE YOUTH IN MULTIPLE WAYS, INCLUDING HELPING LAPL DELIVER EXPERT ONLINE PRIVATE TUTORING TO ALL K-12 YOUTH WITH A LIBRARY CARD BETWEEN 11 AM AND 11 PM, DAILY, STUDENT ZONES THAT PROVIDE DEDICATED AND DIRECT ACCESS TO COMPUTERS AND IN-PERSON HOMEWORK 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 SOCIAL ISSUES IN THEIR COMMUNITIES. 3715707 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 138 0 1 45 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 52 51 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X X JULIE TUGEND INTERIM PRESIDENT AND CEO 2132287500 630 W FIFTH STREET LOS ANGELES CA 90071 KENNETH BRECHER PRESIDENT 60.00 X X 503862 0 45122 DEBRA ALBIN-RILEY CHAIR 6.00 X X 0 0 0 GWEN MILLER CHAIR THRU 07/2021 6.00 X X 0 0 0 ROBERT ALVARADO VICE-CHAIR 4.00 X X 0 0 0 KAREN STEVENSON TREASURER 1.00 X X 0 0 0 KIM SONNENBLICK SECRETARY 3.00 X X 0 0 0 MARK HUTCHINS DIRECTOR THRU 06/2021 4.00 X 0 0 0 MAI LASSITER DIRECTOR THRU 02/2021 1.00 X 0 0 0 BETSY APPLEBAUM DIRECTOR 2.00 X 0 0 0 DEBI BISHTON DIRECTOR 1.00 X 0 0 0 JAY BUTTERFIELD DIRECTOR 1.00 X 0 0 0 BRENDON CASSIDY DIRECTOR 1.00 X 0 0 0 ERIC CHAVES DIRECTOR 1.00 X 0 0 0 CARLA CHRISTOFFERSON DIRECTOR 1.00 X 0 0 0 AUSTIN CLEMENTS DIRECTOR 1.00 X 0 0 0 JOHN COOKE DIRECTOR, EMERITIUS 1.00 X 0 0 0 THOMAS CRAHAN DIRECTOR 1.00 X 0 0 0 NANCY DEBRIER DIRECTOR 1.00 X 0 0 0 ROBERT DAWSON DIRECTOR 2.00 X 0 0 0 SUNITA DESHMUKH DIRECTOR 1.00 X 0 0 0 SANDY DUNLEAVY DIRECTOR 1.00 X 0 0 0 KATHRYN EIDMANN DIRECTOR 1.00 X 0 0 0 AMANDA FAIREY DIRECTOR 1.00 X 0 0 0 GINNIFER GOODWIN DIRECTOR 1.00 X 0 0 0 SAMANTHA HANKS DIRECTOR 1.00 X 0 0 0 DEAN HANSELL DIRECTOR 1.00 X 0 0 0 DUSTIN HEALEY DIRECTOR 1.00 X 0 0 0 JUDITH KAMINS DIRECTOR 1.00 X 0 0 0 PATRICIA KAO DIRECTOR 1.00 X 0 0 0 MIKE LINDSEY DIRECTOR 1.00 X 0 0 0 SARAH KATE LEVY DIRECTOR 1.00 X 0 0 0 SHAUN MALAVIA DIRECTOR 1.00 X 0 0 0 NICOLE NEEMAN BRADY DIRECTOR 1.00 X 0 0 0 BERNARD PARKER DIRECTOR 1.00 X 0 0 0 JOHN PEER DIRECTOR 1.00 X 0 0 0 ELIZABETH RAPOSO DIRECTOR 1.00 X 0 0 0 LISA RICHARDSON DIRECTOR 1.00 X 0 0 0 DAVID ROSENBLUM DIRECTOR 1.00 X 0 0 0 LAURA ROSENWALD DIRECTOR 1.00 X 0 0 0 RACHEL SMALL DIRECTOR 1.00 X 0 0 0 TOM GEISER DIRECTOR 1.00 X 0 0 0 BETSY WANNER DIRECTOR 1.00 X 0 0 0 STEPHANIE YONEKURA DIRECTOR 1.00 X 0 0 0 JOHN F SZABO EX-OFFICIO DIRECTOR 1.00 X 0 0 0 ERIC GARCETTI EX-OFFICIO DIRECTOR 1.00 X 0 0 0 THOMAS HECK DIRECTOR 1.00 X 0 0 0 ELA JHAVERI DIRECTOR 1.00 X 0 0 0 MICHAEL TM JONES DIRECTOR 1.00 X 0 0 0 MICHAEL KEEGAN DIRECTOR 1.00 X 0 0 0 HELEN KIM DIRECTOR 1.00 X 0 0 0 KEVIN PHILIP DIRECTOR 1.00 X 0 0 0 LAURA SEIGLE DIRECTOR 1.00 X 0 0 0 MELANIE BURZYNSKI VICE PRESIDENT 60.00 X 163298 0 8256 THERESA MORRISON VICE PRESIDENT 60.00 X 191823 0 21403 IMANI HARRIS DIRECTOR OF CORPORATE RELATIONS 60.00 X 102732 0 11548 JESSICA STRAND DIRECTOR OF PUBLIC PROGRAMS 60.00 X 114600 0 15460 1076315 0 101789 5 0 1 0 TUTORCOM PO BOX 70403 PHILADELPHIA PA 19176 LIBRARIES ONLINE TUTORING PROGRAM 490000 CALIFA GROUP 330 TOWNSEND ST STE 133 SAN FRANCISCO CA 94107 GALE CAREER ONLINE HIGH SCHOOL SCHOLARSH 214000 MANAGED CAREER SOLUTIONS INC 3333 WILSHIRE BLVD 405 LOS ANGELES CA 90010 COMPUTER AIDES 187364 POWERMYLEARNING INCCFY 228 PARK AVE SOUTH NEW YORK NY 10003 HOME WORK HELP 125611 4 X 825019 540739 491002 5213687 197051 7070447 505092 505092 2105221 329109 1776112 1776112 1776112 107774 540739 16124 91650 91650 180510 308224 -127714 -127714 9315587 0 0 2245140 X 1035491 366208 153038 516245 2247173 1645101 285044 317028 82858 52199 10564 20095 272963 171962 34803 66198 172792 108856 22031 41905 44000 44000 116665 116665 65998 64916 1082 87868 86957 911 73529 17293 30368 25868 SEMINARS, EXHIBITS, AND 929433 927381 2052 COMPUTER EQUIPMENT 172314 137360 17477 17477 FURNITURE & FIXTURES 134164 134094 70 EVENTS 54154 54154 50426 14142 1875 34409 5539828 3715707 783814 1040307 3193726 4690123 34403 3870372 1577150 2235462 175226 158773 274262 113065 756376 396746 396592 359630 39687971 43629280 5011433 8160237 514037 593914 50864800 63810856 149753 157447 164500 20000 491943 498912 806196 676359 X 19438463 25253180 30620141 37881317 50058604 63134497 50864800 63810856 X 3775759 9220258 79876 X 0 1 X 1 0 X 7096508 6430066 5902126 6759235 7070447 33258382 7096508 6430066 5902126 6759235 7070447 33258382 4997559 28260823 555293 656206 427853 227586 505092 2372030 91650 91650 -30041 -8595 3006 -64859 -127714 -228203 35493859 382681 0.79620 0.81780 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 41412671 1040881 11383723 2022758 51814517 42462178 815876 17182 1882565 41412671 41381978 70000 2416680 1406480 42462178 39341076 30000 3340372 1329470 41381978 34487342 1529100 4581389 1256755 39341076 0.44000 0.31000 0.25000 0 0 756376 396746 359630 359630 FEDERAL MORTGAGE NOTES 514286 C HEDGE FUND STRATEGIES 7645951 C 8160237 PAYROLL PROTECTION PROGRAM LOAN PAYABLE 498912 498912 X 18832372 9220258 25092 388100 9633450 9198922 116665 116665 9315587 5756479 25092 308224 333316 5423163 116665 116665 5539828 PART V, LINE 4: THE FOUNDATION'S ENDOWMENT FUNDS ARE USED TO SUPPORT A VARIETY OF PURPOSES INCLUDING LITERACY, EDUCATION, AND HUMANITIES. PART X, LINE 2: FIN 48: THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES AND CALIFORNIA FRANCHISE TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND CORRESPONDING CALIFORNIA REVENUE AND TAXATION CODE SECTIONS. THE FOUNDATION RECOGNIZES THE FINANCIAL STATEMENT BENEFIT OF A TAX POSITION, SUCH AS ITS FILING STATUS AS TAX-EXEMPT, ONLY AFTER DETERMINING THAT THE RELEVANT TAX AUTHORITY WOULD MORE LIKELY THAN NOT SUSTAIN THE POSITION FOLLOWING AN AUDIT. THE FOUNDATION IS SUBJECT TO POTENTIAL INCOME TAX AUDITS ON OPEN TAX YEARS BY ANY TAXING JURISDICTION IN WHICH IT OPERATES. THE STATUTE OF LIMITATIONS FOR FEDERAL PURPOSES IS THREE YEARS AND FOR CALIFORNIA PURPOSES IS FOUR YEARS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGES IN VALUE OF CHARITABLE REMAINDER TRUSTS 79,876. LIBRARY STORE EXPENSES 308,224. PART XII, LINE 2D - OTHER ADJUSTMENTS: LIBRARY STORE EXPENSES 308,224. SCHEDULE D, PART V, LINE 1E THE LFLA HAS A BOARD APPROVED INVESTMENT PORTFOLIO POLICY STATEMENT IN PLACE FOR APPROPRIATING ENDOWMENT EXPENDITURES RANGING FROM 4% TO 6% OF THE GENERATED EARNINGS FROM THE ENDOWMENT FUND. THIS YEAR, THE FOUNDATION APPROPRIATED 5% ($2,022,758) FROM THE UNRESTRICTED AND TEMPORARILY RESTRICTED ENDOWMENTS TO SUPPORT AND FUND THE FOUNDATION'S PROGRAMS AND OPERATIONS. FORM 990, PART X, LINE 25: PPP LOAN ADVANCE FORGIVENESS IN JANUARY 2021, THE SBA ANNOUNCED A SECOND DRAW OF PPP LOANS FOR ELIGIBLE ENTITIES. IN APRIL 2021, THE FOUNDATION WAS APPROVED TO RECEIVE $498,912 OF PPP FUNDS. PER THE TERMS OF THE LOAN, THE FULL AMOUNT WILL BE FORGIVEN AS LONG AS LOAN PROCEEDS ARE USED TO COVER PAYROLL COSTS AND OTHER SPECIFIED NONPAYROLL COSTS (PROVIDED ANY NONPAYROLL COSTS DO NOT EXCEED 40% OF THE FORGIVEN AMOUNT) OVER A 24-WEEK PERIOD AFTER THE LOAN IS MADE; AND EMPLOYEE AND COMPENSATION LEVELS ARE MAINTAINED. THE FOUNDATION INTENDS TO COMPLY WITH THE ABOVE TERMS IN ORDER TO QUALIFY FOR FULL OR PARTIAL LOAN FORGIVENESS. TO THE EXTENT IT IS NOT FORGIVEN, THE FOUNDATION WOULD BE REQUIRED TO REPAY THAT PORTION AT AN INTEREST RATE OF 1% OVER A PERIOD OF FIVE YEARS. AS OF ISSUANCE OF THE FINANCIAL STATEMENTS, THE FOUNDATION HAS NOT APPLIED FOR FORGIVENESS. YOUNG LITERATI TOAST 479477 371703 107774 STAY HOME AND READ 169036 169036 16124 1 648513 540739 107774 16124 16124 91650 1 X X X X X X 0 0 0 0 0 0 0 0 0 KENNETH BRECHER PRESIDENT 318862 0 185000 0 0 0 0 0 45122 0 548984 0 0 0 THERESA MORRISON VICE PRESIDENT 166823 0 25000 0 0 0 0 0 21403 0 213226 0 0 0 MELANIE BURZYNSKI VICE PRESIDENT 163298 0 0 0 0 0 0 0 8256 0 171554 0 0 0 X 5 197051 FMV 0 1 0 PART I, COLUMN (B): THE AMOUNT IN COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION B, LINE 11B DESCRIBE THE PROCESS THE ORGANIZATION USES TO REVIEW FORM 990. THE FORM 990 IS PREPARED BY AN EXTERNAL ACCOUNTING FIRM UNDER THE GUIDANCE FROM THE CHIEF FINANCIAL OFFICER (CFO). IT WAS REVIEWED FOR ACCURACY AND COMPLETENESS BY THE CFO AND BOARD MEMBERS, DELEGATE. A COMPLETE COPY OF THE FORM 990 IS PROVIDED TO ALL THE BOARD MEMBERS OF THE GOVERNING BODY PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C DESCRIBE HOW THE ORGANIZATION MONITORS AND ENFORCES COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY. THE CONFLICT OF INTEREST POLICY APPLIES TO: 1) VOTING MEMBERS OF THE BOARD OF DIRECTORS, 2) OFFICERS AS DEFINED IN THE FOUNDATION'S BYLAWS; OR 3) AN EMPLOYEE OF THE FOUNDATION WITH A SIGNIFICANT DECISION-MAKING ROLE IN THE AFFAIRS OR THE OPERATIONS OF THE FOUNDATION, ON AN ANNUAL BASIS. THE DIRECTORS, OFFICERS OR EMPLOYEES ARE REQUIRED TO DISCLOSE ANY RELATIONSHIPS THAT MAY LEAD TO CONFLICTS OF INTEREST AND MUST SIGN AND RETURN THE POLICY EVERY YEAR. THE LAST COMPREHENSIVE REVIEW AND UPDATE TO THIS POLICY WAS COMPLETED IN 2021. FORM 990, PART VI, SECTION B, LINE 15 DESCRIBE THE PROCESS USED TO DETERMINE COMPENSATION OF THE ORGANIZATION'S OFFICERS AND EMPLOYEES. AN AD HOC COMMITTEE OF THE BOARD'S EXECUTIVE COMMITTEE DETERMINES THE COMPENSATION FOR THE PRESIDENT. THE COMMITTEE SURVEYS MANY OTHER COMPARABLE ORGANIZATIONS AS WELL AS CONSULTS INDEPENDENT FIRMS TO DETERMINE A FAIR COMPENSATION. THE AMOUNTS DETERMINED ARE THEN TAKEN TO THE 14 MEMBER EXECUTIVE COMMITTEE FOR APPROVAL. IN 2016-2017, THE ORGANIZATION ISSUED A COMPREHENSIVE REQUEST FOR PROPOSAL FOR A COMPENSATION AND BENEFITS STUDY. VIVIENT CONSULTING WAS HIRED IN FY 2017-2018 (AUGUST 2017) AND AN OVERVIEW OF THE PROJECT WAS PROVIDED TO THE EXECUTIVE COMMITTEE IN OCTOBER 2017. THE STUDY WAS COMPLETED IN JANUARY 2018 AND A REPORT ISSUED. A COPY OF THIS REPORT CAN BE OBTAINED FROM THE CHAIR OF OUR BOARD, DEBRA ALBIN-RILEY OR FROM: 400 CONTINENTAL BOULEVARD, 6TH FLOOR, EL SEGUNDO, CA 90245 CONTACT: SUSAN SCHROEDER, SSCHROEDER@VIVIENT.COM. FORM 990, PART VI, SECTION C, LINE 19 DESCRIBE HOW THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. THE FINANCIAL STATEMENTS AS WELL AS THE FORM 990 AND THE IRS DETERMINATION LETTER ARE AVAILABLE VIA THE ORGANIZATION'S WEBSITE, WWW.LFLA.ORG, UNDER THE "ABOUT" SECTION, UNDER "FINANCIALS" SECTION OF THE WEBSITE AND CLICK ON "AUDITED FINANCIALS AND "IRS FORM 990 AND "IRS DETERMINATION LETTER". THOSE DOCUMENTS, AS WELL AS OTHER GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST AT THE MAIN OFFICE OF THE ORGANIZATION. FORM 990, PART VIII, LINE 10B COST OF GOODS SOLD INCLUDES ALL COSTS OF OPERATING THE LIBRARY STORE. FORM 990, PART IX AS PART OF ITS RECURRING STRATEGIC PLANNING PROCESS, THE FOUNDATION REVIEWS ITS PROGRAMS AND THE ALLOCATION OF EXPENSES TO THOSE PROGRAMS. THE COSTS OF PROVIDING VARIOUS PROGRAMS AND OTHER ACTIVITIES OF THE FOUNDATION HAVE BEEN SUMMARIZED ON A FUNCTIONAL BASIS IN THE STATEMENTS OF ACTIVITIES. THEREFORE, CERTAIN COSTS HAVE BEEN ALLOCATED AMONG THE PROGRAMS AND SUPPORTING SERVICES BENEFITED BASED ON THE JUDGMENT OF MANAGEMENT. THE MAJORITY OF EXPENSES CAN GENERALLY BE DIRECTLY IDENTIFIED WITH THE PROGRAM OR SUPPORTING SERVICE TO WHICH THEY RELATE AND ARE CHARGED ACCORDINGLY. FORM 990, PART I, LINE 8; PART VIII, LINE 1F; PART X, LINE 3 2021 ADDITIONAL ENDOWED GIFTS: DURING THE YEAR ENDED JUNE 30, 2021, THE LIBRARY FOUNDATION OF LOS ANGELES RECEIVED A PAYMENT, FULFILLING A PLEDGE, OF $25,000 FOR THE CLARE PATTERSON HUTTO ENDOWMENT FOR A TOTAL OF $225,000. THIS ENDOWED FUND WAS ESTABLISHED FOR THE PURPOSE OF SUPPORTING THE LOS ANGELES PUBLIC LIBRARY'S LIVE HOMEWORK PROGRAM. DURING THE YEAR ENDED JUNE 30, 2021, THE LIBRARY FOUNDATION OF LOS ANGELES RECEIVED AN ADDITIONAL GIFT OF $12,000 FOR THE LYNN STRASBURG MILLER ENDOWED FUND FOR A TOTAL OF $114,000. THIS ENDOWMENT WAS ESTABLISHED FOR THE PURPOSE OF SUPPORTING THE LOS ANGELES PUBLIC LIBRARY'S STUDENT ZONES PROGRAM. DURING THE YEAR ENDED JUNE 30, 2021, THE LIBRARY FOUNDATION OF LOS ANGELES RECEIVED AN ADDITIONAL GIFT OF $10,000 FOR THE DEAN HANSELL ENDOWED FUND FOR A TOTAL OF $70,000. THIS ENDOWMENT WAS ESTABLISHED FOR THE PURPOSE OF SUPPORTING THE LOS ANGELES PUBLIC LIBRARY'S ADULT LITERACY PROGRAM. ALL OF THESE GIFTS ARE PERMANENTLY RESTRICTED AND ONLY EARNINGS FROM THESE FUNDS ARE DESIGNATED TO SUPPORT THESE PROGRAMS. 2021 ADDITIONAL BOARD DESIGNATED ENDOWED GIFTS: DURING THE YEAR ENDED JUNE 30, 2021, THE LIBRARY FOUNDATION OF LOS ANGELES RECEIVED AN ADDITIONAL GIFT OF $8,750 TO THE BOARD DESIGNATED COUNCIL OF THE LIBRARY FOUNDATION FOR CHILDREN'S COLLECTIONS FUND. THIS ENDOWMENT WAS ESTABLISHED FOR THE PURPOSE OF PURCHASING CHILDREN'S CONTENT IN ALL FORMATS. 2021 NEW ENDOWED GIFTS: DURING THE YEAR ENDED JUNE 30, 2021, THE LIBRARY FOUNDATION OF LOS ANGELES RECEIVED A PLEDGE OF $2,000,000 FROM LENORE AND BERNARD GREENBERG FOR THE LIBRARY FELLOWSHIP ENDOWMENT. $1,000,000 OF THE GIFT WAS RECEIVED DURING THE FISCAL YEAR. THE PURPOSE OF THIS FUND IS TO CREATE NEW INTERDISCIPLINARY RESIDENCY PROGRAMS AT THE LAPL. DURING THE YEAR ENDED JUNE 30, 2021, THE LIBRARY FOUNDATION OF LOS ANGELES RECEIVED A PLEDGE OF $50,000 FOR THE ROSALIND AND LAMAR SEPULVEDA ENDOWMENT. A GIFT OF $5,130.76 WAS GIVEN DURING THE FISCAL YEAR FOR THE PURPOSE OF SUPPORTING LAPL'S ADULT LITERACY AND LIFELONG LEARNING PROGRAMS. DURING THE YEAR ENDED JUNE 30, 2021, THE LIBRARY FOUNDATION OF LOS ANGELES RECEIVED A PLEDGE OF $50,000 FOR THE GAJIN AND ANGELA FUJITA ENDOWMENT. A GIFT OF $5,000 WAS GIVEN DURING THE FISCAL YEAR FOR THE PURPOSE OF SUPPORTING LAPL'S FULL STEAM AHEAD PROGRAMS. ALL OF THESE GIFTS ARE PERMANENTLY RESTRICTED AND ONLY EARNINGS FROM THESE FUNDS ARE DESIGNATED TO SUPPORT THESE PROGRAMS. ADDITIONAL 2021 BEQUESTS: DURING THE YEAR ENDED JUNE 30, 2021, THE LIBRARY FOUNDATION OF LOS ANGELES RECEIVED A PLEDGED BEQUEST SUPPORTING THE ALOUD PROGRAM, FROM THE ESTATE OF SUZANNE ARAN, TOTALING, $41,973.69. DURING THE YEAR ENDED JUNE 30, 2021, THE LIBRARY FOUNDATION OF LOS ANGELES RECEIVED A PAYMENT FULFILLING A PLEDGED BEQUEST, FOR $17,260, FROM THE ESTATE OF BARBARA TOOHEY FOR THE PURPOSE OF SUPPORTING THE ORGANIZATION. DURING THE YEAR ENDED JUNE 30, 2021, THE LIBRARY FOUNDATION OF LOS ANGELES RECEIVED A PAYMENT FULLFILLING A PLEDGED BEQUEST, FOR $146,688.27, FROM THE ESTATE OF EILEEN KOMM FOR THE PURPOSE OF SUPPORTING THE ORGANIZATION. DURING THE YEAR ENDED JUNE 30, 2021, THE LIBRARY FOUNDATION OF LOS ANGELES RECEIVED A PAYMENT FULFILLING A PLEDGED BEQUEST, FOR $50,000, FROM JOAN TRAVIS FOR THE PURPOSE OF SUPPORTING THE ORGANIZATION. DURING THE YEAR ENDED JUNE 30, 2021, THE LIBRARY FOUNDATION OF LOS ANGELES RECEIVED A PLEDGED BEQUEST, FOR $10,000, FROM THE ESTATE OF GABRIELLE DAVIS. THE GIFT IS FOR THE PURPOSE OF SUPPORTING THE ORGANIZATION. DURING THE YEAR ENDED JUNE 30, 2021, THE LIBRARY FOUNDATION OF LOS ANGELES RECEIVED A PLEDGED BEQUEST, FOR $100,000, FROM THE ESTATE OF JOHN L. APOSTOLOU. THE GIFT IS FOR THE PURPOSE OF SUPPORTING THE LIBRARY COLLECTIONS. DURING THE YEAR ENDED JUNE 30, 2021, THE LIBRARY FOUNDATION OF LOS ANGELES RECEIVED AN ANONYMOUS PAYMENT FULFILLING A PLEDGED BEQUEST, FOR $14,972.21 FOR THE PURPOSE OF SUPPORTING THE ORGANIZATION. PART VIII: LIBRARY STORE: THE FOUNDATION OPERATES A GIFT STORE LOCATED IN THE HISTORIC LOS ANGELES CENTRAL LIBRARY. THE LIBRARY STORE WAS REMODELED IN 2016, AFTER 18 YEARS, IN ORDER TO REFRESH THE APPEARANCE AND BRING IT INTO FULL ADA COMPLIANCE. THE LIBRARY STORE SALES SUPPORT THE LOS ANGELES PUBLIC LIBRARY. AS A RESULT OF THE COVID-19, THE LIBRARY STORE WAS CLOSED FOR 2 MONTHS AND TRANSITIONED TO ONLINE SALES IN THE SPRING. THE LIBRARY STORE HAS WORKED DILIGENTLY THROUGH THE FALL 2020 TO SPREAD THE WORD ABOUT THE LIBRARY STORE'S OFFERINGS, PARTNERED WITH NEIGHBORHOOD ORGANIZATIONS, AND USED CLOSEST PARTNERSHIPS TO REACH NEW AUDIENCES. THE LIBRARY STORE LAUNCHED AN ONLINE CAMPAIGN AND SENT TARGET EMAILS THROUGH THE LIBRARY'S PUBLIC RELATIONS DEPARTMENT TO PROMOTE ONLINE SALES IN RESPONSE TO COVID-19 FOR THE HOLIDAY SEASON. IN DECEMBER 2020, THE STORE PARTICIPATED IN AN EVENT WITH THE LOS ANGELES PHILHARMONIC, MUSEUM OF CONTEMPORARY ART, AND THE BROAD MUSEUM TO ENCOURAGE SHOPPING AND SUPPORTING THESE ORGANIZATIONS WHICH HAVE BEEN SIGNIFICANTLY IMPACTED BY COVID-19. FORM 990, PART VIII, LINE 1E: PPP LOAN ADVANCE FORGIVENESS IN MARCH 2020, CONGRESS PASSED THE PAYCHECK PROTECTION PROGRAM, AUTHORIZING LOANS TO SMALL BUSINESSES FOR USE IN PAYING EMPLOYEES THAT THEY CONTINUE TO EMPLOY THROUGHOUT THE COVID-19 PANDEMIC AND FOR RENT, UTILITIES, AND INTEREST ON MORTGAGES. IN APRIL 2020, THE FOUNDATION SUCCESSFULLY SECURED A $491,002 SMALL BUSINESS ASSOCIATION (SBA) LOAN UNDER THE PAYCHECK PROTECTION PROGRAM. PER THE TERMS OF THE LOAN, THE FULL AMOUNT WILL BE FORGIVEN AS LONG AS LOAN PROCEEDS ARE USED TO COVER PAYROLL COSTS AND OTHER SPECIFIED NON-PAYROLL COSTS (PROVIDED ANY NON-PAYROLL COSTS DO NOT EXCEED 40% OF THE FORGIVEN AMOUNT) OVER A 24-WEEK PERIOD AFTER THE LOAN IS MADE; AND EMPLOYEE AND COMPENSATION LEVELS ARE MAINTAINED. THE FOUNDATION COMPLIED WITH THE ABOVE TERMS TO QUALIFY FOR FULL LOAN FORGIVENESS. IN JUNE 2021, THE LIBRARY RECEIVED NOTIFICATION THE LOAN WAS FORGIVEN AND RECOGNIZED PPP LOAN FORGIVENESS INCOME ON THE ACCOMPANYING STATEMENT OF ACTIVITIES FOR THE YEAR ENDED JUNE 30, 2021. FORM 990, PART IX, LINE 7 OTHER SALARIES AND WAGES ALSO INCLUDE ADULT LITERACY PERSONNEL, STUDENT ZONE HELPERS, COMPUTER AIDES, AND ALL STAFF NECESSARY TO CARRY OUT PROGRAM SERVICES WITHIN THE 73 BRANCHES OF THE LOS ANGELES PUBLIC LIBRARY SYSTEM. 990, PART IX, LINE 12 MARKETING AND PROMOTIONAL COSTS OF $ 87,868 INCLUDE ADVERTISING AND COLLATERAL MATERIALS FOR PROGRAMS OFFERED TO THE PUBLIC SUCH AS SIGNAGE, POSTERS, FLYERS, BOOKMARKS, BROCHURES, BOOK BAGS, AND GAME BOARDS, DISTRIBUTED THROUGH SCHOOLS, COMMUNITY ORGANIZATIONS, AND BRANCH LIBRARIES. FORM 990, PART XI, LINE 9: CHANGES IN VALUE OF CHARITABLE REMAINDER TRUSTS 79,876. CHARITABLE REMAINDER UNITRUSTS (2) CA T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0