LIBRARY FOUNDATION OF LOS ANGELES: Form 990, tax year 2019
View the entire original 990 at ProPublica ↗
- Organization
- LIBRARY FOUNDATION OF LOS ANGELES (EIN 95-4368250)
- Tax period
- 2019-07-01 to 2020-06-30
- Filed
- 2021-04-09
- IRS object ID
- 202110999349301321
- Schema version
- 2019v5.2
- 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
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule G
- Schedule J
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2021-04-09T12:53:06-05:00 | ReturnTs |
| Tax Period End | 2020-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 953001179 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WINDES INC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 87 | AddressLine1Txt |
| City | LONG BEACH | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 908010087 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2019-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 954368250 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE LIBRARY FOUNDATION OF LOS ANGELES | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | LIBR | BusinessNameControlTxt |
| Phone | 2132287500 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 630 W FIFTH STREET | AddressLine1Txt |
| City | LOS ANGELES | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90071 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | KEN BRECHER | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 2132287500 | PhoneNum |
| Signature | 2021-04-08 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | DONITA M JOSEPH | PreparerPersonNm |
| PTIN | P00286656 | PTIN |
| Phone | 5624351191 | PhoneNum |
| Preparation | 2021-04-08 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2019 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | KEN BRECHER | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 630 W FIFTH STREET | AddressLine1Txt |
| City | LOS ANGELES | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90071 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $29,992,018 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.LFLA.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1992 | FormationYr |
| Legal Domicile State | CA | LegalDomicileStateCd |
| Activity Or Mission | TO SUPPORT THE LOS ANGELES PUBLIC LIBRARY. | ActivityOrMissionDesc |
| Voting Members Governing Body | 46 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 45 | VotingMembersIndependentCnt |
| Total Employee | 42 | TotalEmployeeCnt |
| Total Volunteers | 8 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $5,902,126 | PYContributionsGrantsAmt |
| CY Contributions Grants | $6,759,235 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $38,184 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $157,613 | CYProgramServiceRevenueAmt |
| PY Investment Income | $901,236 | PYInvestmentIncomeAmt |
| CY Investment Income | $956,689 | CYInvestmentIncomeAmt |
| PY Other Revenue | -$141,149 | PYOtherRevenueAmt |
| CY Other Revenue | -$127,761 | CYOtherRevenueAmt |
| PY Total Revenue | $6,700,397 | PYTotalRevenueAmt |
| CY Total Revenue | $7,745,776 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $4,322,763 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $4,082,584 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $1,085,249 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $2,506,053 | PYOtherExpensesAmt |
| CY Other Expenses | $2,352,019 | CYOtherExpensesAmt |
| PY Total Expenses | $6,828,816 | PYTotalExpensesAmt |
| CY Total Expenses | $6,434,603 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$128,419 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $1,311,173 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $50,200,676 | TotalAssetsBOYAmt |
| Total Assets EOY | $50,864,800 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $788,013 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $806,196 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $49,412,663 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $50,058,604 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | 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. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $1,241,678 | ExpenseAmt |
| Desc | INVESTING IN LIFELONG LEARNINGTHE FOUNDATION IS COMMITTED TO BREAKING CYCLES OF LOW LITERACY BY WORKING WITH CHILDREN AND THEIR PARENTS/CAREGIVERS AT ALL 73 LIBRARY LOCATIONS AND IN PARTNERSHIP WITH LOCAL SCHOOLS AND COMMUNITY ORGANIZATIONS. A VARIETY OF PROGRAMS ASSIST ADULTS IN LEARNING SKILLS TO IMPROVE THEIR READING AND WRITING ABILITIES SO THE ADULTS CAN READ ALOUD WITH THEIR CHILDREN FROM BIRTH IN HOPES OF FOSTERING A LOVE OF LIFELONG READING. DURING COVID-19, THE LIBRARY BEGAN OFFERING ADULT LITERACY TUTORING AND CLASSES ONLINE. THE FOUNDATION FUNDED THE DISTRIBUTION OF LAPTOPS AND WI-FI TO LEARNERS TO REMOVE BARRIERS FROM PROGRAM PARTICIPATION IN 2020-2021. THE LIBRARY'S CAREER ONLINE HIGH SCHOOL PROGRAM CONTINUED WITHOUT INTERRUPTION DURING THE PANDEMIC AND HAD AN INCREASE IN STUDENT ENROLLMENT. THE FOUNDATION ALSO PROVIDES SCIENCE, TECHNOLOGY, ENGINEERING, ART, AND MATH PROJECTS VIA FULL STEAM AHEAD PROGRAM. THE FULL STEAM AHEAD, THE LIBRARY'S SCIENCE LITERACY INITIATIVE, PROMPTLY MOVED SELECT WORKSHOPS, PRESENTATIONS, AND EVENTS ONLINE DURING COVID-19. THE FOUNDATION OFFERS A SERIES OF LITERACY-RELATED ACTIVITIES FOR CHILDREN THROUGH THE USE OF COMPUTER AIDES/CYBERNAUTS. THE CYBERNAUTS/COMPUTER AIDE INITIATIVE WAS TEMPORARILY UNAVAILABLE DURING COVID-19 THROUGH JANUARY 2021. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $1,531,917 | ExpenseAmt |
| Revenue | $157,613 | RevenueAmt |
| Desc | ENGAGING THE IMAGINATIONTHROUGHOUT THE YEAR, THE FOUNDATION BRINGS MANY ESTABLISHED AND EMERGING AUTHORS, POETS, JOURNALISTS, ACADEMICS, AND ARTISTS FOR PUBLIC EVENTS. THE FOUNDATION DELIVERED PRE-RECORDED ALOUD INTERVIEWS ONLINE DURING COVID-19 AND BETWEEN MARCH AND JUNE 2020. IN SUMMER 2020, ALOUD STARTED OFFERING LIVE-STREAMED EVENTS ONLINE. THE FOUNDATION SEEKS TO PROVIDE LIBRARY AWARENESS, INSPIRE AND CHALLENGE PEOPLE WITH FREE EXHIBITIONS AND UNIQUE PUBLIC PROGRAMMING THAT EXPLORES ART AND LITERATURE, THE CULTURAL LANDSCAPE OF LOS ANGELES, AND THE VAST COLLECTIONS OF THE LIBRARY. STARTING IN JULY 2020, THE POPULAR LA MADE PROGRAM OFFERED BY THE LIBRARY SHIFTED FROM IN-PERSON PROGRAMMING TO DELIVERING MULTI-CULTURAL HUMANITIES PROGRAMMING VIRTUALLY THROUGH THE LIBRARY'S STREAMING CHANNELS. THE FOUNDATION ALSO PROVIDES RESOURCES TO DIGITIZE PHYSICAL COLLECTIONS TO PRESERVE THE COLLECTION AND OFFER ACCESSIBILITY VIA THE INTERNET. ACTIVITIES LIKE THIS CAN BE DONE IN THE NEW OCTAVIA LAB, NAMED FOR PIONEERING SCIENCE FICTION AUTHOR OCTAVIA BUTLER, A MAKER-SPACE THAT GIVES LIBRARY PATRONS VARIOUS TECHNOLOGICAL TOOLS TO INSPIRE CREATIVITY. THE LIBRARY POSTPONED LIBRARY FOUNDATION-FUNDED DIGITIZATION PROJECTS DURING COVID-19; HOWEVER, THE FOUNDATION PLANS TO RESUME DIGITIZATION IN THE FISCAL YEAR ENDED 2021. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $1,721,601 | ExpenseAmt |
| Desc | HELPING STUDENTS SUCCEEDFOR STUDENTS USING THE LIBRARY TO COMPLETE SCHOOL ASSIGNMENTS, PARTICIPATE IN ACTIVITIES, AND CONDUCT RESEARCH, THE FOUNDATION'S FUTURE READY TEENS PROGRAMS OFFER ON-DEMAND INDIVIDUAL TUTORING, ACCESS TO COMPUTERS AND FREE PRINTING OF HOMEWORK ASSIGNMENTS, COLLEGE-PREPARATION WORKSHOPS AND PRACTICE SAT/ACT/PSAT EXAMS. THROUGH THE TEENS LEADING CHANGE PROGRAM, THE FOUNDATION PROVIDES TEENS OPPORTUNITIES TO UNDERSTAND CIVICS AT THE LOCAL AND NATIONAL LEVEL, HELPING THEM GAIN THE CRITICAL THINKING SKILLS NECESSARY TO EVALUATE CURRENT SOCIAL ISSUES AND POLITICAL EVENTS. THE PARTNERSHIP WITH HOSPITALS, HEALTH CARE PROVIDERS, DAYCARE CENTERS AND EARLY CHILDHOOD EDUCATION CENTERS HELP PARENTS START THEIR BABIES ON THE PATH TO LIFELONG SUCCESS THROUGH INITIATIVES LIKE READ BABY READ. AN EXPANSION OF THE WE READ TOGETHER PROGRAM, READ BABY READ OFFERS NEW AND EXPECTING PARENTS WITH EVERYTHING THEY NEED TO DEVELOP EARLY LITERACY SKILLS IN THEIR BABIES AND TODDLERS. THE LIBRARY BEGAN OFFERING MANY OF THESE PROGRAMS VIRTUALLY SHORTLY AFTER THE PANDEMIC-RELATED LIBRARY CLOSURES. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $4,495,196 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (1) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (1) | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 240 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 42 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (1) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (1) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 46 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 45 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | Yes (1) | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | CA | StatesWhereCopyOfReturnIsFldCd |
| Own Website | Yes (X) | OwnWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THERESA MORRISON CFO | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2132287500 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 630 W FIFTH STREET | AddressLine1Txt |
| City | LOS ANGELES | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90071 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (50 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|---|
| GWEN MILLER | ||||||
| CHAIR | 6.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| ROBERT ALVARADO | ||||||
| VICE-CHAIR | 4.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| KAREN STEVENSON | ||||||
| TREASURER | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| TOM GEISER | ||||||
| SECRETARY | 3.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| DEBRA ALBIN-RILEY | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| KELLY ANDERSON | ||||||
| DIRECTOR | 3.00 | Yes (X) | $0 | $0 | $0 | |
| BETSY APPLEBAUM | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| CATHERINE HUTTO-GORDON BAKER | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| DEBI BISHTON | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| JAY BUTTERFIELD | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| BRENDON CASSIDY | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| ERIC CHAVES | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| CARLA CHRISTOFFERSON | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| AUSTIN CLEMENTS | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| JOHN COOKE | ||||||
| DIRECTOR, EMERITIUS | 1.00 | Yes (X) | $0 | $0 | $0 | |
| THOMAS CRAHAN | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| NANCY DEBRIER | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| ROBERT DAWSON | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| SUNITA DESHMUKH | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| SANDY DUNLEAVY | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| MARK EASTON | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| KATHRYN EIDMANN | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| AMANDA FAIREY | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| GINNIFER GOODWIN | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| SAMANTHA HANKS | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| DEAN HANSELL | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| DUSTIN HEALEY | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| MARK HUTCHINS | ||||||
| DIRECTOR | 4.00 | Yes (X) | $0 | $0 | $0 | |
| JUDITH KAMINS | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| PATRICIA KAO | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| MAI LASSITER | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| MIKE LINDSEY | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| SARAH KATE LEVY | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| SHAUN MALAVIA | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| NICOLE NEEMAN BRADY | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| BERNARD PARKER | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| JOHN PEER | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| ELIZABETH RAPOSO | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| LISA RICHARDSON | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| DAVID ROSENBLUM | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| LAURA ROSENWALD | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| RACHEL SMALL | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| KIM SONNENBLICK | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| BETSY WANNER | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| STEPHANIE YONEKURA | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| JOHN F SZABO | ||||||
| CITY LIBRARIAN | 2.00 | Yes (X) | $0 | $0 | $0 | |
| ERIC GARCETTI | ||||||
| MAYOR OF LOS ANGELES | 1.00 | Yes (X) | $0 | $0 | $0 | |
| KENNETH BRECHER | ||||||
| PRESIDENT | 60.00 | Yes (X) | Yes (X) | $489,575 | $0 | $42,168 |
| REBECCA SHEHEE | ||||||
| VICE PRESIDENT | 60.00 | Yes (X) | $264,560 | $0 | $22,006 | |
| THERESA MORRISON | ||||||
| CHIEF FINANCIAL OFFICER | 60.00 | Yes (X) | $183,798 | $0 | $22,905 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $937,933 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $87,079 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 3 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| MANAGED CAREER SOLUTIONS INC | |||||
| 3333 WILSHIRE BOULEVARD SUITE 405 | LOS ANGELES | CA | 90010 | STAFFING FOR PROGRAM SERVICES | $506,464 |
| TUTORCOM | |||||
| 62996 COLLECTION CENTER DRIVE | CHICAGO | IL | 60693 | ONLINE TUTORING SERVICE | $320,000 |
| POWERMYLEARNING INCCFY | |||||
| 520 8TH AVENUE 10TH FLOOR | NEW YORK | NY | 10018 | STAFFING FOR PROGRAM SERVICES | $304,466 |
| BARTON KLUGMAN & OETTING LLP | |||||
| 350 S GRAND AVE STE 2200 | LOS ANGELES | CA | 90071 | LEGAL SERVICES | $143,450 |
| IPROMOTEUCOM INC | |||||
| DEPT LA 23232 | PASADENA | CA | 91185 | SWAG/MATERIAL/SUPPLIES FOR PROGRAMS | $116,877 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 5 | CntrctRcvdGreaterThan100KCnt |
| Info In Schedule O Part VIII | Yes (X) | InfoInScheduleOPartVIIIInd |
| Membership Dues | $822,064 | MembershipDuesAmt |
| Fundraising | $1,127,037 | FundraisingAmt |
| Government Grants | $202,493 | GovernmentGrantsAmt |
| All Other Contributions | $4,607,641 | AllOtherContributionsAmt |
| Noncash Contributions | $60,362 | NoncashContributionsAmt |
| Total Contributions | $6,759,235 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | READING ALOUD PROGRAM | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $157,613 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $157,613 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $157,613 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $227,586 | TotalRevenueColumnAmt |
| Exclusion | $227,586 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $22,122,950 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $21,393,847 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $729,103 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $729,103 | TotalRevenueColumnAmt |
| Exclusion | $729,103 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $265,962 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $1,127,037 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $328,864 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$62,902 | TotalRevenueColumnAmt |
| Exclusion | -$62,902 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $458,672 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $523,531 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$64,859 | TotalRevenueColumnAmt |
| Exclusion | -$64,859 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $7,745,776 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $157,613 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $828,928 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,049,859 | TotalAmt |
| Program Services | $340,436 | ProgramServicesAmt |
| Management And General | $150,951 | ManagementAndGeneralAmt |
| Fundraising | $558,472 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,756,113 | TotalAmt |
| Program Services | $2,144,730 | ProgramServicesAmt |
| Management And General | $295,581 | ManagementAndGeneralAmt |
| Fundraising | $315,802 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $56,222 | TotalAmt |
| Program Services | $18,156 | ProgramServicesAmt |
| Management And General | $8,609 | ManagementAndGeneralAmt |
| Fundraising | $29,457 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,927 | TotalAmt |
| Program Services | $2,654 | ProgramServicesAmt |
| Management And General | $8,273 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $209,463 | TotalAmt |
| Program Services | $122,789 | ProgramServicesAmt |
| Management And General | $50,921 | ManagementAndGeneralAmt |
| Fundraising | $35,753 | FundraisingAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $40,000 | TotalAmt |
| Management And General | $40,000 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $83,213 | TotalAmt |
| Management And General | $83,213 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $62,811 | TotalAmt |
| Management And General | $62,811 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $110,628 | TotalAmt |
| Program Services | $108,825 | ProgramServicesAmt |
| Management And General | $1,803 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $112,960 | TotalAmt |
| Program Services | $29,905 | ProgramServicesAmt |
| Management And General | $50,357 | ManagementAndGeneralAmt |
| Fundraising | $32,698 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,562 | TotalAmt |
| Management And General | $9,562 | ManagementAndGeneralAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $941 | TotalAmt |
| Management And General | $941 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| SEMINARS, EXHIBITS, AND | $1,257,879 | $1,257,260 | $619 | |
| EVENTS | $227,275 | $227,275 | ||
| OTHER | $183,404 | $77,866 | $105,538 | |
| COMPUTER EQUIPMENT | $172,814 | $161,760 | $5,527 | $5,527 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $90,532 | TotalAmt |
| Program Services | $81,406 | ProgramServicesAmt |
| Management And General | $7,124 | ManagementAndGeneralAmt |
| Fundraising | $2,002 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,434,603 | TotalAmt |
| Program Services | $4,495,196 | ProgramServicesAmt |
| Management And General | $854,158 | ManagementAndGeneralAmt |
| Fundraising | $1,085,249 | FundraisingAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part X | Yes (X) | InfoInScheduleOPartXInd |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $704,380 | BOYAmt |
| EOY | $3,193,726 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $141,106 | BOYAmt |
| EOY | $34,403 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,727,098 | BOYAmt |
| EOY | $1,577,150 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $143,269 | BOYAmt |
| EOY | $175,226 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $78,918 | BOYAmt |
| EOY | $274,262 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $756,375 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $359,783 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $451,986 | BOYAmt |
| EOY | $396,592 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $40,003,585 | BOYAmt |
| EOY | $39,687,971 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,439,824 | BOYAmt |
| EOY | $5,011,433 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $510,510 | BOYAmt |
| EOY | $514,037 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $50,200,676 | BOYAmt |
| EOY | $50,864,800 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $126,220 | BOYAmt |
| EOY | $149,753 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $661,793 | BOYAmt |
| EOY | $164,500 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $491,943 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $788,013 | BOYAmt |
| EOY | $806,196 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $19,331,178 | BOYAmt |
| EOY | $19,438,463 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $30,081,485 | BOYAmt |
| EOY | $30,620,141 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $49,412,663 | BOYAmt |
| EOY | $50,058,604 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $50,200,676 | BOYAmt |
| EOY | $50,864,800 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $1,311,173 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$668,759 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $3,527 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $6,990,277 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $7,096,508 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $6,430,066 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $5,902,126 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $6,759,235 | CurrentTaxYearAmt |
| Total | $33,178,212 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $6,990,277 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $7,096,508 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $6,430,066 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $5,902,126 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $6,759,235 | CurrentTaxYearAmt |
| Total | $33,178,212 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $4,182,841 | SubstantialContributorsTotAmt |
| Public Support Total170 | $28,995,371 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $559,665 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $555,293 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $656,206 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $427,853 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $227,586 | CurrentTaxYearAmt |
| Total | $2,426,603 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | -$47,507 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | -$30,041 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | -$8,595 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $3,006 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | -$64,859 | CurrentTaxYearAmt |
| Total | -$147,996 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $35,456,819 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $432,977 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.81780 | PublicSupportCY170Pct |
| Public Support PY170 | 0.80330 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $42,462,178 | BeginningYearBalanceAmt |
| Contributions | $815,876 | ContributionsAmt |
| Investment Earnings Or Losses | $17,182 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $1,882,565 | OtherExpendituresAmt |
| End Year Balance | $41,412,671 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $41,381,978 | BeginningYearBalanceAmt |
| Contributions | $70,000 | ContributionsAmt |
| Investment Earnings Or Losses | $2,416,680 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $1,406,480 | OtherExpendituresAmt |
| End Year Balance | $42,462,178 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $39,341,076 | BeginningYearBalanceAmt |
| Contributions | $30,000 | ContributionsAmt |
| Investment Earnings Or Losses | $3,340,372 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $1,329,470 | OtherExpendituresAmt |
| End Year Balance | $41,381,978 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $34,487,342 | BeginningYearBalanceAmt |
| Contributions | $1,529,100 | ContributionsAmt |
| Investment Earnings Or Losses | $4,581,389 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $1,256,755 | OtherExpendituresAmt |
| End Year Balance | $39,341,076 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $34,651,259 | BeginningYearBalanceAmt |
| Contributions | $2,012,250 | ContributionsAmt |
| Investment Earnings Or Losses | -$1,017,491 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $1,158,676 | OtherExpendituresAmt |
| End Year Balance | $34,487,342 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.44580 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.18950 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.36470 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $756,375 | OtherCostOrOtherBasisAmt |
| Depreciation | $359,783 | DepreciationAmt |
| Book Value | $396,592 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $396,592 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (2 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| FEDERAL MORTGAGE NOTES | $744,264 | C |
| HEDGE FUND STRATEGIES | $4,267,169 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $5,011,433 | TotalBookValueSecuritiesAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | PAYROLL PROTECTION PROGRAM LOAN PAYABLE | Desc |
| Amt | $491,943 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $491,943 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $7,604,142 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | -$668,759 | NetUnrealizedGainsInvstAmt |
| Donated Services And Use Fclts | $83,280 | DonatedServicesAndUseFcltsAmt |
| Other Revenue | $3,527 | OtherRevenueAmt |
| Revenue Not Reported | -$581,952 | RevenueNotReportedAmt |
| Revenue Subtotal | $8,186,094 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $83,213 | InvestmentExpensesNotIncldAmt |
| Other Revenues Not Included | -$523,531 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | -$440,318 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $7,745,776 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $6,958,201 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $83,280 | DonatedServicesUseFcltsAmt |
| Other Expenses Included | $523,531 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $606,811 | ExpensesNotReportedAmt |
| Expenses Subtotal | $6,351,390 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $83,213 | InvestmentExpensesNotIncld2Amt |
| Expenses Not Rpt Fincl Stmt | $83,213 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $6,434,603 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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: | 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 3,527. |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | LIBRARY STORE EXPENSES -523,531. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | LIBRARY STORE EXPENSES 523,531. |
| 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% (1,882,565) FROM THE UNRESTRICTED AND TEMPORARILY RESTRICTED ENDOWMENTS TO SUPPORT AND FUND THE FOUNDATION'S PROGRAMS AND OPERATIONS. |
Schedule G IRS990ScheduleG
| Field | Value | IRS element (for citing) |
|---|---|---|
| Mail Solicitations | Yes (X) | MailSolicitationsInd |
| Email Solicitations | Yes (X) | EmailSolicitationsInd |
| Phone Solicitations | Yes (X) | PhoneSolicitationsInd |
| In Person Solicitations | Yes (X) | InPersonSolicitationsInd |
| Solicitation Of Non Govt Grants | Yes (X) | SolicitationOfNonGovtGrantsInd |
| Solicitation Of Govt Grants | Yes (X) | SolicitationOfGovtGrantsInd |
| Special Fundraising Events | Yes (X) | SpecialFundraisingEventsInd |
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | STAY AT HOME AND READ A BOOK BALL | Event1Nm |
| Gross Receipts Event1 | $127,231 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $127,231 | CharitableContriEvent1Amt |
| Other Direct Expenses Event1 | $13,066 | OtherDirectExpensesEvent1Amt |
| Event2 | YOUNG LITERATI TOAST | Event2Nm |
| Gross Receipts Event2 | $114,417 | GrossReceiptsEvent2Amt |
| Charitable Contri Event2 | $114,417 | CharitableContriEvent2Amt |
| Other Direct Expenses Event2 | $92 | OtherDirectExpensesEvent2Amt |
| Other Events Total | 1 | OtherEventsTotalCnt |
| Gross Receipts Other Events | $1,151,351 | GrossReceiptsOtherEventsAmt |
| Charitable Contri Other Events | $885,389 | CharitableContriOtherEventsAmt |
| Gross Revenue Other Events | $265,962 | GrossRevenueOtherEventsAmt |
| Oth Direct Expnss Other Events | $315,706 | OthDirectExpnssOtherEventsAmt |
| Gross Receipts Total | $1,392,999 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $1,127,037 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $265,962 | GrossRevenueTotalEventsAmt |
| Oth Direct Expnss Total Events | $328,864 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $328,864 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | -$62,902 | NetIncomeSummaryAmt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (3 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| KENNETH BRECHER | ||||||||||||||
| PRESIDENT | $304,575 | $0 | $185,000 | $0 | $0 | $0 | $10,250 | $0 | $31,918 | $0 | $531,743 | $0 | $0 | $0 |
| REBECCA SHEHEE | ||||||||||||||
| VICE PRESIDENT | $189,560 | $0 | $75,000 | $0 | $0 | $0 | $5,040 | $0 | $16,966 | $0 | $286,566 | $0 | $0 | $0 |
| THERESA MORRISON | ||||||||||||||
| CHIEF FINANCIAL OFFICER | $158,798 | $0 | $25,000 | $0 | $0 | $0 | $6,471 | $0 | $16,434 | $0 | $206,703 | $0 | $0 | $0 |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 12 | ContributionCnt |
| Noncash Contributions Rpt F990 | $60,362 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, COLUMN (B): | FormAndLineReferenceDesc |
| Explanation | COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTORS. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (13 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 4 | THE ORGANIZATION'S BYLAWS WERE AMENDED AND RESTATED IN JANUARY 2020 WITH THE FOLLOWING SIGNIFICANT CHANGES: ARTICLE III - UPDATED THE TERMS OF THE AUTHORS AND/OR CREATIVE ARTIST BOARD MEMBERS ARTICLE III - UPDATED THE DESCRIPTION AND TIME FRAME OF BOARD MEMBERS ABLE TO CALL SPECIAL MEETINGS |
| FORM 990, PART VI, SECTION B, LINE 11B | THE AUDIT COMMITTEE MEETS WITH THE RETURN PREPARERS TO REVIEW THE DRAFT 990, ASK QUESTIONS, AND SUGGEST REVISIONS (USUALLY AT THE JANUARY BOARD AND COMMITTEE MEETINGS). THE DRAFT 990 IS SENT TO ALL BOARD MEMBERS. THEY ARE INVITED TO SPEAK WITH THE AUDIT COMMITTEE MEMBERS AND TAX PREPARERS (WINDES), IF THEY SO WISH. THE CFO AGAIN REVIEWS THE 990 (USUALLY AT THE MARCH OR APRIL BOARD AND COMMITTEEE MEETINGS) WITH REVISIONS, IF ANY, BEFORE FILING. UPON REQUEST, THE CFO WILL ALSO MEET WITH INDIVIDUAL BOARD MEMBERS TO ANSWER ANY QUESTIONS. |
| FORM 990, PART VI, SECTION B, LINE 12C | 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 2015. |
| FORM 990, PART VI, SECTION B, LINE 15 | 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, GWEN MILLER 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 | 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 | 2020 ADDITIONAL ENDOWED GIFTS DURING THE YEAR ENDED JUNE 30, 2020, 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 $200,000. 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, 2020, THE LIBRARY FOUNDATION OF LOS ANGELES RECEIVED AN ADDITIONAL GIFT OF $12,000 FOR THE LYNN STRASBURG MILLER ENDOWED FUND FOR A TOTAL OF $102,000. THIS ENDOWMENT WAS ESTABLISHED FOR THE PURPOSE OF SUPPORTING THE LOS ANGELES PUBLIC LIBRARY'S STUDENT ZONES PROGRAM. DURING THE YEAR ENDED JUNE 30, 2020, THE LIBRARY FOUNDATION OF LOS ANGELES RECEIVED AN ADDITIONAL GIFT OF $10,000 FOR THE DEAN HANSELL ENDOWED FUND FOR A TOTAL OF $60,000. 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. 2020 NEW ENDOWED GIFTS DURING THE YEAR ENDED JUNE 30, 2020, THE LIBRARY FOUNDATION OF LOS ANGELES RECEIVED A BEQUEST OF $750,000 FROM THE ESTATE OF JANICE MCCOY MILLER. USING THIS GIFT, THE BOARD-DESIGNATED ENDOWED FUND WAS ESTABLISHED FOR THE PURPOSE OF SUPPORTING LFLA-FUNDED PROGRAMS IN UNDERSERVED BRANCH LIBRARIES. DURING THE YEAR ENDED JUNE 30, 2020, THE LIBRARY FOUNDATION OF LOS ANGELES RECEIVED GIFTS TOTALING $43,875.64 FROM THE 25TH ANNIVERSARY CAMPAIGN CELEBRATING THE COUCIL OF THE LIBRARY FOUNDATION (LFC). USING THIS GIFT, THE BOARD-DESIGNATED ENDOWED FUND WAS ESTABLISHED FOR THE PURPOSE OF SUPPORTING THE CHILLDREN'S COLLECTION. ADDITIONAL 2020 BEQUESTS DURING THE YEAR ENDED JUNE 30, 2020, THE LIBRARY FOUNDATION OF LOS ANGELES RECEIVED AN ADDITIONAL UNRESTRICTED BEQUEST, FROM THE ESTATE OF ARLINE ZUCKERMAN, TOTALING, $145,477, AND A PAYMENT FULFILLING A PLEDGED BEQUEST FOR $92,000. ALL GIFTS ARE FOR THE PURPOSE OF SUPPORTING THE ORGANIZATION. DURING THE YEAR ENDED JUNE 30, 2020, THE LIBRARY FOUNDATION OF LOS ANGELES RECEIVED A PAYMENT FULFILLING A PLEDGED BEQUEST, FOR $175,000, FROM THE ESTATE OF BARBARA TOOHEY, AN ADDITIONAL UNRESTRICTED BEQUEST, TOTALING $25,000, AND AN ADDITIONAL UNRESTRICTED PLEDGED BEQUEST OF $175,000. ALL GIFTS ARE FOR THE PURPOSE OF SUPPORTING THE ORGANIZATION. DURING THE YEAR ENDED JUNE 30, 2020, THE LIBRARY FOUNDATION OF LOS ANGELES RECEIVED AN UNRESTRICTED PLEDGED BEQUEST, FOR $150,000, FROM THE ESTATE OF EILEEN KOMM FOR THE PURPOSE OF SUPPORTING THE ORGANIZATION. DURING THE YEAR ENDED JUNE 30, 2020, THE LIBRARY FOUNDATION OF LOS ANGELES RECEIVED A PAYMENT FULFILLING A PLEDGED BEQUEST, FOR $250,000, FROM THE ESTATE OF NICHOLAS J. LABEDZ IN MEMORY OF JANE WARD. THIS GIFT IS 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 SIGNIFICANT IMPACTED BY COVID-19. |
| 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 $110,628 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 X, LINE 25 | 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 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 TWO YEARS, WITH A FINAL INSTALLMENT ESTIMATED BY APRIL 2022. DURING THE YEAR ENDED JUNE 30, 2020, THE FOUNDATION HAS ACCRUED INTEREST EXPENSE OF $941. AS OF THE ISSUANCE OF THESE FINANCIAL STATEMENTS THE FOUNDATION HAS NOT MADE ANY PAYMENTS ON THE BALANCE OF THE LOAN OR APPLIED FOR LOAN FORGIVENESS. |
| FORM 990, PART XI, LINE 9: | CHANGES IN VALUE OF CHARITABLE REMAINDER TRUSTS 3,527. |
Schedule R IRS990ScheduleR
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CHARITABLE REMAINDER UNITRUSTS (2) | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legal Domicile State | CA | LegalDomicileStateCd |
| Entity Type | T | EntityTypeTxt |
| Controlled Organization | 0 | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
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