LIBRARY FOUNDATION OF LOS ANGELES: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
LIBRARY FOUNDATION OF LOS ANGELES (EIN 95-4368250)
Tax period
2023-07-01 to 2024-06-30
Filed
2025-05-14
IRS object ID
202541349349310244
Schema version
2023v6.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2025-05-14T16:12:24-05:00ReturnTs
Tax Period End2024-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN953001179PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1WINDES INCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line12050 MAIN ST STE 1300AddressLine1Txt
CityIRVINECityNm
State AbbreviationCAStateAbbreviationCd
ZIP92614ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2023-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN954368250EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE LIBRARY FOUNDATION OF LOS ANGELESBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlLIBRBusinessNameControlTxt
Phone2132287500PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1630 W FIFTH STREETAddressLine1Txt
CityLOS ANGELESCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90071ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonSTACY LIEBERMANPersonNm
Person TitlePRESIDENT AND CEOPersonTitleTxt
Phone2132287500PhoneNum
Signature2025-05-13SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (1)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonELEANOR A LIVINGSTON CPA MSTPreparerPersonNm
PTINP00226461PTIN
Phone9498529433PhoneNum
Preparation2025-05-13PreparationDt
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerSTACY LIEBERMANPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1630 W FIFTH STREETAddressLine1Txt
CityLOS ANGELESCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90071ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$10,689,114GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.LFLA.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1992FormationYr
Legal Domicile StateCALegalDomicileStateCd
Activity Or MissionTO FISCALLY SUPPORT THE LOS ANGELES PUBLIC LIBRARY.ActivityOrMissionDesc
Voting Members Governing Body36VotingMembersGoverningBodyCnt
Voting Members Independent36VotingMembersIndependentCnt
Total Employee48TotalEmployeeCnt
Total Volunteers42TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$7,658,505PYContributionsGrantsAmt
CY Contributions Grants$7,346,239CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$1,119,507PYInvestmentIncomeAmt
CY Investment Income$3,845,428CYInvestmentIncomeAmt
PY Other Revenue-$269,201PYOtherRevenueAmt
CY Other Revenue-$438,314CYOtherRevenueAmt
PY Total Revenue$8,508,811PYTotalRevenueAmt
CY Total Revenue$10,753,353CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$3,311,833PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$3,670,890CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$1,958,074CYTotalFundraisingExpenseAmt
PY Other Expenses$5,284,815PYOtherExpensesAmt
CY Other Expenses$5,569,358CYOtherExpensesAmt
PY Total Expenses$8,596,648PYTotalExpensesAmt
CY Total Expenses$9,240,248CYTotalExpensesAmt
PY Revenues Less Expenses-$87,837PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$1,513,105CYRevenuesLessExpensesAmt
Total Assets BOY$62,273,934TotalAssetsBOYAmt
Total Assets EOY$66,322,023TotalAssetsEOYAmt
Total Liabilities BOY$430,885TotalLiabilitiesBOYAmt
Total Liabilities EOY$441,181TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$61,843,049NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$65,880,842NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionSEE SCHEDULE OMissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$2,145,245ExpenseAmt
DescINVESTING IN LIFELONG LEARNING:THE FOUNDATION IS COMMITTED TO SUPPORTING ADULTS WHO WANT TO IMPROVE ESSENTIAL LITERACIES. THE ADULT LITERACY INITIATIVE OFFERS ONE-ON-ONE TUTORING TO HELP ADULTS READING BELOW THE SIXTH-GRADE EQUIVALENCY REACH THEIR READING GOALS. THE INITIATIVE ALSO PROVIDES COACHING TO HELP ADULTS STRUGGLING WITH LITERACY SUPPORT THEIR CHILDREN'S EARLY LITERACY DEVELOPMENT. ADDITIONAL ADULT LITERACY COMPONENTS INCLUDE DROP-IN TUTORING, TOPICAL WORKSHOPS AND CLASSES, AND ENGLISH AS ANOTHER LANGUAGE SERVICES. CAREER ONLINE HIGH SCHOOL GIVES ADULTS ANOTHER CHANCE TO EARN AN ACCREDITED HIGH SCHOOL DIPLOMA. CYBERNAUT DIGITAL NAVIGATORS STATIONED AT 37 LIBRARIES AND VIA A REMOTE SERVICE PROMOTE DIGITAL INCLUSION BY PROVIDING ON-DEMAND TECH SUPPORT AND TRAINING AND LEADING DIGITAL LITERACY WORKSHOPS AND CLASSES FOR SMALL GROUPS. LAPL'S FULL STEAM AHEAD INITIATIVE PROMOTES SCIENCE LITERACY BY OFFERING ACTIVITIES FOR CHILDREN, ADULTS, AND FAMILIES TO INSPIRE CREATIVITY, EXPLORE NEIGHBORHOOD SCIENCE, AND SOLVE PROBLEMS.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$2,077,093ExpenseAmt
DescHELPING 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 K-12 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 AND COLLEGE STUDENTS WITH A LIBRARY CARD BETWEEN 11 AM AND 11 PM EVERY DAY, STUDENT ZONES THAT PROVIDE DEDICATED AND DIRECT ACCESS TO COMPUTERS AND IN-PERSON HOMEWORK ASSISTANCE 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.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$1,253,987ExpenseAmt
DescENGAGING THE IMAGINATION:THROUGH ITS ACCLAIMED ALOUD CULTURAL PROGRAMMING SERIES, LFLA BRINGS RENOWNED AND EMERGING LITERARY ARTISTS, FILMMAKERS, SCIENTISTS, MUSICIANS, POLICYMAKERS, AND OTHER LUMINOUS MINDS INTO DIRECT CONVERSATION WITH THE LIBRARY'S PATRONS. THE FOUNDATION SUPPORTS LAPL'S L.A. MADE SERIES THAT DELIVERS HUMANITIES PROGRAMMING, PERFORMANCES, AND ACTIVITIES TO THE CITY OF L.A.'S DIVERSE COMMUNITIES. LFLA AND LAPL EXHIBITION PROJECTS HIGHLIGHT LAPL'S HISTORIC COLLECTIONS, THE DIVERSE STORIES AND PEOPLE OF THE CITY OF L.A., AND CONTEMPORARY ISSUES THAT RESONATE WITH THEIR LIVES. IN 2023-2024, LFLA AND LAPL LAUNCHED THE SECOND COHORT OF THE LAPL CREATORS IN RESIDENCE INITIATIVE. THE FELLOWSHIP PROGRAM ENGAGED TWO CREATIVE PRACTITIONERS, SHING YIN KHOR (AN AUTHOR, WOODWORKER, AND GAME DESIGNER) AND ANDY CROCKER (A CREATOR AND PRODUCER OF LIVE EXPERIENCES), WHO PRODUCED UNIQUE NEW WORK INFORMED BY LAPL'S COLLECTION AND SERVICES. THEIR PROJECTS, INCLUDING AN EXHIBIT IN CENTRAL LIBRARY'S FIRST FLOOR GALLERIES AND A SERIES OF SITE-RESPONSIVE EXPERIENCES AVAILABLE AT BRANCH LIBRARIES ACROSS THE CITY, LAUNCHED PUBLICLY IN JULY/AUGUST 2024. RESEARCH AND PLANNING FOR A NEW MAJOR EXHIBITION, NO PRIOR ART: ILLUSTRATIONS OF INVENTION, CONTINUED THROUGHOUT 2023-24, CULMINATING WITH A GRAND OPENING IN SEPTEMBER 2024. 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. WITH LIBRARY FOUNDATION SUPPORT, LAPL LAUNCHED THE PLANNING PHASE OF "YOUR STORY IS OURS: MEMORY AND BELONGING IN L.A." THE FIVE-YEAR PROJECT FUNDED BY A MELLON FOUNDATION GRANT WILL CULTIVATE COMMUNITY ARCHIVING PRACTICES AND HELP LAPL ENHANCE ITS DIGITAL SPECIAL COLLECTIONS RELATED TO L.A.'S BLACK, LATINX, QUEER, AND SKID ROW COMMUNITIES. FINALLY, THE FOUNDATION HELPED LAPL EXPAND THE OCTAVIA LAB AT CENTRAL LIBRARY BY ADDING TWO PODCASTING STUDIOS AND A BLACK-BOX PHOTO STUDIO.Desc
FieldValueIRS element (for citing)
Total Program Service Expenses$5,476,325TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi EndowmentsYes (1)DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising ActivitiesYes (1)FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash ContriYes (1)DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document201IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee48EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo ContributionsYes (1)QuidProQuoContributionsInd
Quid Pro Quo Contri DisclYes (1)QuidProQuoContriDisclInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members36GoverningBodyVotingMembersCnt
Independent Voting Member36IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org DocumentsYes (1)ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldCAStatesWhereCopyOfReturnIsFldCd
Own WebsiteYes (X)OwnWebsiteInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonSTACY LIEBERMAN PRESIDENT AND CEOPersonNm
Phone2132926255PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1630 W FIFTH STREETAddressLine1Txt
CityLOS ANGELESCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90071ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (45 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtKey EmployeeKeyEmployeeIndHighest Compensated EmployeeHighestCompensatedEmployeeInd
DEBRA ALBIN-RILEY
CHAIR6.00Yes (X)Yes (X)$0$0$0
KAREN STEVENSON
VICE-CHAIR4.00Yes (X)Yes (X)$0$0$0
DAVID ROSENBLUM
TREASURER1.00Yes (X)Yes (X)$0$0$0
KIM SONNENBLICK
SECRETARY3.00Yes (X)Yes (X)$0$0$0
BETSY APPLEBAUM
DIRECTOR1.00Yes (X)$0$0$0
DEBI BISHTON
DIRECTOR1.00Yes (X)$0$0$0
JENNIFER CHU
DIRECTOR1.00Yes (X)$0$0$0
CARLA CHRISTOFFERSON
DIRECTOR1.00Yes (X)$0$0$0
NANCY DEBRIER
DIRECTOR1.00Yes (X)$0$0$0
SUNITA DESHMUKH
DIRECTOR1.00Yes (X)$0$0$0
SANDY DUNLEAVY
DIRECTOR1.00Yes (X)$0$0$0
GINNIFER GOODWIN
DIRECTOR1.00Yes (X)$0$0$0
SAMATHAN HANKS
DIRECTOR1.00Yes (X)$0$0$0
THOMAS HECK
DIRECTOR1.00Yes (X)$0$0$0
MICHAEL TM JONES
DIRECTOR1.00Yes (X)$0$0$0
PATRICIA KAO
DIRECTOR1.00Yes (X)$0$0$0
MICHAEL KEEGAN
DIRECTOR1.00Yes (X)$0$0$0
HELEN BREMER
DIRECTOR1.00Yes (X)$0$0$0
NANCY KOVEN
DIRECTOR1.00Yes (X)$0$0$0
SANDRA KULLI
DIRECTOR1.00Yes (X)$0$0$0
SARAH KATE LEVY
DIRECTOR1.00Yes (X)$0$0$0
COURTNEY LILLY
DIRECTOR1.00Yes (X)$0$0$0
KEVIN MCKEON
DIRECTOR1.00Yes (X)$0$0$0
KEVIN PHILIP
DIRECTOR1.00Yes (X)$0$0$0
CELIA RAMOS
DIRECTOR1.00Yes (X)$0$0$0
ELIZABETH RAPOSO
DIRECTOR1.00Yes (X)$0$0$0
KATHERINE ROBERTS
DIRECTOR1.00Yes (X)$0$0$0
LISA RICHARDSON
DIRECTOR1.00Yes (X)$0$0$0
LAURA ROSENWALD
DIRECTOR1.00Yes (X)$0$0$0
ALLISON SAMEK
DIRECTOR1.00Yes (X)$0$0$0
LAURA SEIGLE
DIRECTOR1.00Yes (X)$0$0$0
MICHAEL SPEAKER
DIRECTOR1.00Yes (X)$0$0$0
BETSY WANNER
DIRECTOR1.00Yes (X)$0$0$0
STEPHANIE YONEKURA
DIRECTOR1.00Yes (X)$0$0$0
TOM GEISER
DIRECTOR1.00Yes (X)$0$0$0
JUDY KAMINS
DIRECTOR1.00Yes (X)$0$0$0
ROBERT ALVARADO
DIRECTOR (UNTIL 12/2023)1.00Yes (X)$0$0$0
SHAWN RUBIN
CHIEF FINANCIAL & OPERATING OFFICER40.00Yes (X)$222,635$0$32,618
STACY LIEBERMAN
PRESIDENT & CEO40.00Yes (X)$318,463$0$17,337
MELANIE BURZYNSKI
SR VP OF ADVANCEMENT (UNTIL 07/2023)40.00$172,956$0$13,907Yes (X)
IMANI HARRIS
SR DIR OF CORP & FOUNDATION RELATIONS40.00$147,954$0$16,211Yes (X)
MEICHIH CHANG
SENIOR ACCOUNTANT (UNTIL 09/2023)40.00$109,720$0$13,908Yes (X)
JENNY DAVIDSON-GOLDBRONN
INTERIM CDO24.00$114,165$0$1,321Yes (X)
ALEX NGUYEN
DIR OF MAJOR AND PLANNED GIVING40.00$124,800$0$12,731Yes (X)
JESSICA STRAND
SR DIR. PROGRAMMING & STRATEGIC ENGAGEMENT40.00$136,116$0$28,831Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$1,346,809TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$136,864TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K9IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
MANAGED CAREER SOLUTIONS INC
3333 WILSHIRE BLVD 405LOS ANGELESCA90010STAFFING FOR PROGRAM SERVICES$741,588
CELL-ED INC
PO BOX 103296PASADENACA91189REMOTE LEARNING PLATFORM$427,750
TUTORCOM INC
PO BOX 70403PHILADELPHIAPA19176ONLINE TUTORING SUBSCRIPTION AND SERVICE$415,250
POWERMYLEARNING INC
228 PARK AVE SOUTH PMB 16373NEW YORKNY10003ONLINE HOMEWORK HELP SERVICES$351,987
IPROMOTEUCOM INC
DEPT LA 23232PASADENACA91185PROMOTIONAL ITEMS FOR PUBLIC DISTRIBUTIO$302,109
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K5CntrctRcvdGreaterThan100KCnt
Info In Schedule O Part VIIIYes (X)InfoInScheduleOPartVIIIInd
Membership Dues$495,063MembershipDuesAmt
Fundraising$944,614FundraisingAmt
Government Grants$731,677GovernmentGrantsAmt
All Other Contributions$5,174,885AllOtherContributionsAmt
Noncash Contributions$53,364NoncashContributionsAmt
Total Contributions$7,346,239TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$531,128TotalRevenueColumnAmt
Exclusion$531,128ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$2,371,031SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities-$943,269SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$3,314,300SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$3,314,300TotalRevenueColumnAmt
Exclusion$3,314,300ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$44,929FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$944,614ContriRptFundraisingEventAmt
Fundraising Direct Expenses$209,402FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column-$164,473TotalRevenueColumnAmt
Exclusion-$164,473ExclusionAmt
FieldValueIRS element (for citing)
Gross Sales Of Inventory$395,787GrossSalesOfInventoryAmt
Cost Of Goods Sold$669,628CostOfGoodsSoldAmt

Net Income Or Loss NetIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column-$273,841TotalRevenueColumnAmt
Exclusion-$273,841ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$10,753,353TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$3,407,114ExclusionAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IXYes (X)InfoInScheduleOPartIXInd

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$638,684TotalAmt
Program Services$118,934ProgramServicesAmt
Management And General$326,222ManagementAndGeneralAmt
Fundraising$193,528FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$2,427,228TotalAmt
Program Services$720,932ProgramServicesAmt
Management And General$772,577ManagementAndGeneralAmt
Fundraising$933,719FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$86,532TotalAmt
Program Services$33,992ProgramServicesAmt
Management And General$23,172ManagementAndGeneralAmt
Fundraising$29,368FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$270,115TotalAmt
Program Services$100,318ProgramServicesAmt
Management And General$73,227ManagementAndGeneralAmt
Fundraising$96,570FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$248,331TotalAmt
Program Services$86,824ProgramServicesAmt
Management And General$78,841ManagementAndGeneralAmt
Fundraising$82,666FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$20,948TotalAmt
Management And General$20,948ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$105,894TotalAmt
Management And General$105,894ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$101,919TotalAmt
Management And General$101,919ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$2,543,507TotalAmt
Program Services$2,323,076ProgramServicesAmt
Management And General$128,291ManagementAndGeneralAmt
Fundraising$92,140FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$142,134TotalAmt
Program Services$96,581ProgramServicesAmt
Fundraising$45,553FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$141,281TotalAmt
Program Services$34,202ProgramServicesAmt
Management And General$12,502ManagementAndGeneralAmt
Fundraising$94,577FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$11,867TotalAmt
Program Services$11,867ProgramServicesAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$133,173TotalAmt
Program Services$48,534ProgramServicesAmt
Management And General$35,046ManagementAndGeneralAmt
Fundraising$49,593FundraisingAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$1,002TotalAmt
Management And General$1,002ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$29,597TotalAmt
Program Services$893ProgramServicesAmt
Management And General$28,704ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
PROGRAM MATERIALS$744,087$720,032$7$24,048
EVENTS$435,008$183,003$1,092$250,913
DUES AND SUBSCRIPTION$373,737$333,353$20,557$19,827
COMPUTER EQUIPMENT$212,085$143,861$44,705$23,519

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$573,119TotalAmt
Program Services$519,923ProgramServicesAmt
Management And General$31,143ManagementAndGeneralAmt
Fundraising$22,053FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$9,240,248TotalAmt
Program Services$5,476,325ProgramServicesAmt
Management And General$1,805,849ManagementAndGeneralAmt
Fundraising$1,958,074FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$5,415,653BOYAmt
EOY$5,769,535EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$65,418BOYAmt
EOY$7,678EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$1,385,554BOYAmt
EOY$1,684,361EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

FieldValueIRS element (for citing)
BOY$131,817BOYAmt
EOY$122,528EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$139,804BOYAmt
EOY$230,683EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$526,292LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$244,213LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$306,548BOYAmt
EOY$282,079EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$53,022,453BOYAmt
EOY$58,225,159EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$1,365,133BOYAmt
EOY$0EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$441,554BOYAmt
EOY$0EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$62,273,934BOYAmt
EOY$66,322,023EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$430,885BOYAmt
EOY$441,181EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$430,885BOYAmt
EOY$441,181EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$25,007,337BOYAmt
EOY$26,720,740EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$36,835,712BOYAmt
EOY$39,160,102EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$61,843,049BOYAmt
EOY$65,880,842EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$62,273,934BOYAmt
EOY$66,322,023EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$1,513,105ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$2,524,688NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$6,759,235CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$7,070,447CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$6,303,320CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$7,658,506CurrentTaxYearMinus1YearAmt
Current Tax Year$7,346,239CurrentTaxYearAmt
Total$35,137,747TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$6,759,235CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$7,070,447CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$6,303,320CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$7,658,506CurrentTaxYearMinus1YearAmt
Current Tax Year$7,346,239CurrentTaxYearAmt
Total$35,137,747TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$4,388,520SubstantialContributorsTotAmt
Public Support Total170$30,749,227PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$227,586CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$505,092CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$569,503CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$801,158CurrentTaxYearMinus1YearAmt
Current Tax Year$531,128CurrentTaxYearAmt
Total$2,634,467TotalAmt

Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus3 Years$91,650CurrentTaxYearMinus3YearsAmt
Total$91,650TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years-$64,859CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years-$127,714CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years-$226,985CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year-$248,706CurrentTaxYearMinus1YearAmt
Current Tax Year-$273,841CurrentTaxYearAmt
Total-$942,105TotalAmt
FieldValueIRS element (for citing)
Total Support$36,921,759TotalSupportAmt
Gross Receipts Rltd Activities$157,613GrossReceiptsRltdActivitiesAmt
Public Support CY1700.83280PublicSupportCY170Pct
Public Support PY1700.79850PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$50,838,567BeginningYearBalanceAmt
Contributions$191,831ContributionsAmt
Investment Earnings Or Losses$5,830,074InvestmentEarningsOrLossesAmt
Other Expenditures$2,370,999OtherExpendituresAmt
End Year Balance$54,489,473EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$50,785,536BeginningYearBalanceAmt
Contributions$15,000ContributionsAmt
Investment Earnings Or Losses$3,280,061InvestmentEarningsOrLossesAmt
Other Expenditures$3,242,030OtherExpendituresAmt
End Year Balance$50,838,567EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$51,814,517BeginningYearBalanceAmt
Contributions$2,620,269ContributionsAmt
Investment Earnings Or Losses-$1,654,608InvestmentEarningsOrLossesAmt
Other Expenditures$1,994,642OtherExpendituresAmt
End Year Balance$50,785,536EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$41,412,671BeginningYearBalanceAmt
Contributions$1,040,881ContributionsAmt
Investment Earnings Or Losses$11,383,723InvestmentEarningsOrLossesAmt
Other Expenditures$2,022,758OtherExpendituresAmt
End Year Balance$51,814,517EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$42,462,178BeginningYearBalanceAmt
Contributions$815,876ContributionsAmt
Investment Earnings Or Losses$17,182InvestmentEarningsOrLossesAmt
Other Expenditures$1,882,565OtherExpendituresAmt
End Year Balance$41,412,671EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY0.43000BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY0.32000PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY0.25000TermEndowmentBalanceEOYPct
Endowments Held Unrelated Org0EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org0EndowmentsHeldRelatedOrgInd

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$526,292OtherCostOrOtherBasisAmt
Depreciation$244,213DepreciationAmt
Book Value$282,079BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$282,079TotalBookValueLandBuildingsAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$13,869,750TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$2,524,688NetUnrealizedGainsInvstAmt
Donated Services And Use Fclts$24,000DonatedServicesAndUseFcltsAmt
Other Revenue$669,628OtherRevenueAmt
Revenue Not Reported$3,218,316RevenueNotReportedAmt
Revenue Subtotal$10,651,434RevenueSubtotalAmt
Investment Expenses Not Incld$101,919InvestmentExpensesNotIncldAmt
Revenue Not Reported Fincl Stmt$101,919RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$10,753,353TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$9,831,957TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts$24,000DonatedServicesUseFcltsAmt
Other Expenses Included$669,628OtherExpensesIncludedAmt
Expenses Not Reported$693,628ExpensesNotReportedAmt
Expenses Subtotal$9,138,329ExpensesSubtotalAmt
Investment Expenses Not Incld2$101,919InvestmentExpensesNotIncld2Amt
Expenses Not Rpt Fincl Stmt$101,919ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$9,240,248TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
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:LIBRARY STORE EXPENSES 669,628.
PART XII, LINE 2D - OTHER ADJUSTMENTS:LIBRARY STORE EXPENSES 669,628.
SCHEDULE D, PART V, LINE 1ETHE FOUNDATION HAS SET POLICIES FOR APPROPRIATING FOR EXPENDITURE EACH YEAR 4 TO 6% OF THE ENDOWMENT FUND'S AVERAGE FAIR VALUE OVER THE PRECEDING 12 QUARTERS, SUBJECT TO MAINTAINING CERTAIN MINIMUM FUND BALANCES. FOR THE YEAR ENDING JUNE 30, 2024 THE FOUNDATION'S BOARD APPROVED A 5% APPROPRIATION RATE FOR THE ENDOWMENTS. THE $2,370,999 APPROPRIATED FROM THE ENDOWMENT SUPPORT AND FUND THE FOUNDATION'S PROGRAMS AND OPERATIONS.

Schedule G IRS990ScheduleG

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1STAY HOMEEvent1Nm
Gross Receipts Event1$167,681GrossReceiptsEvent1Amt
Charitable Contri Event1$167,681CharitableContriEvent1Amt
Other Direct Expenses Event1$20,226OtherDirectExpensesEvent1Amt
Event2LITERARY FEASTEvent2Nm
Gross Receipts Event2$821,862GrossReceiptsEvent2Amt
Charitable Contri Event2$776,933CharitableContriEvent2Amt
Gross Revenue Event2$44,929GrossRevenueEvent2Amt
Rent Facility Costs Event2$2,238RentFacilityCostsEvent2Amt
Food And Beverage Event2$44,929FoodAndBeverageEvent2Amt
Other Direct Expenses Event2$142,009OtherDirectExpensesEvent2Amt
Gross Receipts Total$989,543GrossReceiptsTotalAmt
Charitable Contributions Tot$944,614CharitableContributionsTotAmt
Gross Revenue Total Events$44,929GrossRevenueTotalEventsAmt
Rent Fclty Costs Total Events$2,238RentFcltyCostsTotalEventsAmt
Food And Beverage Total Events$44,929FoodAndBeverageTotalEventsAmt
Oth Direct Expnss Total Events$162,235OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$209,402DirectExpenseSummaryEventsAmt
Net Income Summary-$164,473NetIncomeSummaryAmt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Substantiation RequiredYes (1)SubstantiationRequiredInd
Compensation CommitteeYes (X)CompensationCommitteeInd
Independent ConsultantYes (X)IndependentConsultantInd
Form990 Of Other OrganizationsYes (X)Form990OfOtherOrganizationsInd
Written Employment ContractYes (X)WrittenEmploymentContractInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance PaymentYes (1)SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (5 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
STACY LIEBERMAN
PRESIDENT & CEO$308,463$0$10,000$0$0$0$12,315$0$5,022$0$335,800$0$0$0
SHAWN RUBIN
CHIEF FINANCIAL & OPERATING OFFICER$210,635$0$12,000$0$0$0$9,096$0$23,522$0$255,253$0$0$0
MELANIE BURZYNSKI
SR VP OF ADVANCEMENT (UNTIL 07/2023)$172,956$0$0$0$0$0$6,918$0$6,989$0$186,863$0$0$0
JESSICA STRAND
SR DIR. PROGRAMMING & STRATEGIC ENGA$132,116$0$4,000$0$0$0$4,954$0$23,877$0$164,947$0$0$0
IMANI HARRIS
SR DIR OF CORP & FOUNDATION RELATION$142,954$0$5,000$0$0$0$5,956$0$10,255$0$164,165$0$0$0

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 4AFormAndLineReferenceDesc
ExplanationMEICHIH CHANG RECEIVED A SEVERANCE PAYMENT IN AMOUNT OF $39,686.ExplanationTxt

Schedule M IRS990ScheduleM

Books And Publications BooksAndPublicationsGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Noncash Contributions Rpt F990$4,320NoncashContributionsRptF990Amt
Method Of Determining RevenuesFMVMethodOfDeterminingRevenuesTxt

Securities Publicly Traded SecuritiesPubliclyTradedGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution9ContributionCnt
Noncash Contributions Rpt F990$48,444NoncashContributionsRptF990Amt
Method Of Determining RevenuesSTOCKMethodOfDeterminingRevenuesTxt

Other Non Cash Contri Table OtherNonCashContriTableGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
DescHEADPHONESDesc
Contribution40ContributionCnt
Noncash Contributions Rpt F990$600NoncashContributionsRptF990Amt
Method Of Determining RevenuesFMVMethodOfDeterminingRevenuesTxt
FieldValueIRS element (for citing)
Any Property That Must Be Held0AnyPropertyThatMustBeHeldInd
Review Process Unusual NC GiftsYes (1)ReviewProcessUnusualNCGiftsInd
Third Parties Used0ThirdPartiesUsedInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, COLUMN (B):FormAndLineReferenceDesc
ExplanationTHE AMOUNT REPORTED IN COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTIONS RECEIVED.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (10 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART III, LINE 1THE FOUNDATION PROVIDES CRITICAL SUPPORT TO THE LOS ANGELES PUBLIC LIBRARY RESULTING IN FREE PROGRAMS, RESOURCES, AND SERVICES AVAILABLE TO THE MILLIONS OF ADULTS, CHILDREN, AND YOUTH IN LOS ANGELES. THROUGH FUNDRAISING, ADVOCACY, AND INNOVATIVE PROGRAMS, THE LIBRARY FOUNDATION STRENGTHENS THE LOS ANGELES PUBLIC LIBRARY AND PROMOTES GREATER AWARENESS OF ITS VALUABLE RESOURCES.
FORM 990, PART VI, SECTION A, LINE 4THE ORGANIZATION REVIEWED AND UPDATED THEIR BYLAWS. THE UPDATES INCLUDE ADDING SEPARATE COMMITTEES, CHANGING TITLES OF DIRECTORS, AND ADDING THE PRESIDENT AND CHIEF FINANCIAL OFFICER AS SIGNING OFFICERS.
FORM 990, PART VI, SECTION B, LINE 11BTHE FORM 990 IS PREPARED BY AN EXTERNAL ACCOUNTING FIRM UNDER THE GUIDANCE FROM THE CHIEF FINANCIAL AND OPERATING OFFICER (CFOO). IT WAS REVIEWED FOR ACCURACY AND COMPLETENESS BY THE CFOO 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 12CTHE 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.
FORM 990, PART VI, SECTION B, LINE 15AN AD HOC COMMITTEE OF THE BOARD'S EXECUTIVE COMMITTEE DETERMINES THE COMPENSATION FOR THE PRESIDENT AND CEO. THE COMMITTEE ENGAGES A COMPENSATION CONSULTANT WHO SURVEYS MANY OTHER COMPARABLE ORGANIZATIONS AS WELL AS CONSULTS INDEPENDENT FIRMS TO DETERMINE A FAIR COMPENSATION. THE AMOUNTS DETERMINED ARE THEN TAKEN TO THE EXECUTIVE COMMITTEE FOR APPROVAL.
FORM 990, PART VI, SECTION C, LINE 19THE 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 STATEMENT 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.
PART VIII:LIBRARY STORE: THE FOUNDATION HAS OPERATED A GIFT SHOP LOCATED IN THE HISTORIC CENTRAL LIBRARY (THE STORE) SINCE 1993; STORE SALES SUPPORT THE FOUNDATION. THE STORE WAS REMODELED IN 2016, AFTER 18 YEARS, TO REFRESH ITS APPEARANCE AND BRING IT INTO FULL ADA COMPLIANCE. HISTORICALLY, THE STORE IS PATRONIZED BY DOWNTOWN BUSINESSPEOPLE, TOURISTS, AND REGULAR LIBRARY VISITORS AND STAFF. FOOT TRAFFIC IN THE STORE CONTINUES TO BE IMPACTED BY REDUCED OFFICE OCCUPANCY LOCALLY IN THE POST-COVID CLIMATE. IN RESPONSE, THE STORE WORKS ACTIVELY TO MITIGATE THE DECLINE IN FOOT TRAFFIC BY BUILDING ITS CUSTOMER MARKETING LIST, GROWING ITS ONLINE PRESENCE, SENDING WEEKLY EMAILS, AND MAINTAINING A REGULAR PRESENCE ON SOCIAL MEDIA. A SIGN HAS BEEN ERECTED IN THE LOBBY OF THE LOS ANGELES CENTRAL LIBRARY TO DRAW ATTENTION TO THE STORE; ADDITIONAL SIGNAGE TO BE POSITIONED THROUGHOUT THE LIBRARY IS PLANNED FOR EARLY 2024. THE STORE HAS ENGAGED THE SERVICES OF A FIRM TO EVALUATE ITS ECOMMERCE PLATFORMS AND PROVIDE RECOMMENDATIONS FOR OPTIMIZING THE USER EXPERIENCE; A NUMBER OF THE RECOMMENDATIONS HAVE ALREADY BEEN IMPLEMENTED, WITH THE ULTIMATE GOAL OF GENERATING INCREASED ONLINE REVENUES. THE STORE WORKS WITH THE LIBRARY'S PR DEPARTMENT TO HEIGHTEN VISIBILITY AMONG LAPL CONSTITUENTS VIA THE LAPL WEBSITE AND SOCIAL MEDIA PLATFORMS. THE STORE WORKS WITH THE LIBRARY TO PROMOTE SHOPPING TO ALL OF THE CITY OF L.A.'S EMPLOYEES TWICE YEARLY. IN ADDITION TO IN STORE AND ONLINE SALES, THE STORE PROCURES AND SELLS BOOKS FOR THE FOUNDATION AND LAPL PROGRAMMING. THE STORE HAS EXPANDED THE PRODUCTION OF BRANDED CUSTOM MERCHANDISE AND CONTINUES TO OFFER MERCHANDISE RELATED TO LAPL, LOS ANGELES, AND READING AND WRITING.
FORM 990, PART IX, LINE 11GOTHER MANAGEMENT FEES: PROGRAM SERVICE EXPENSES 2,323,076. MANAGEMENT AND GENERAL EXPENSES 128,291. FUNDRAISING EXPENSES 92,140. TOTAL EXPENSES 2,543,507.

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