2016-09-16T09:46:26-07:00 2015-06-30 Regalia & Associates CPAs 103 Town Country Dr Ste K Danville CA 94526 990 2014-07-01 260403799 Lafayette Library and Learning Center Foundation LAFA 9252836513 3491 Mt Diablo Blvd Lafayette CA 94549 Jeff Gale Treasurer 2016-09-16 true Douglas W Regalia P00186389 9253140390 2014 2017-02-10 21:41:12Z X 1523762 false false X www.LLLCF.org X 2007 CA Lafayette Library and Learning Center Foundation is a California 501(c)(3) nonprofit, public benefit corporation org- anized for the purpose of establishing and supporting the operations, programs, funding and business of the Lafayette Library & Learning Center. 18 18 4 50 0 634492 210575 142074 147440 1044542 1104045 167151 25063 1988259 1487123 0 0 221211 240448 11500 0 82483 557816 603802 790527 844250 1197732 642873 20469254 21052612 527573 571215 19941681 20481397 In collaboration with community partners, our mission is to sustain the Lafayette Library and Learning Center, home of the Glenn Seaborg Learning Consortium, as a community place and regional resource that offers enriched experiences for all ages. false false 493255 Library Al!ve ProgramsLocated in the heart of Lafayette, at the corner of Mt. Diablo Boulevard and First Street, the LLLC is ADA-compliant and offers on-site parking, convenient access by public transportation, and is within walking distance of several schools, senior housing, BART and many of the community's neighborhoods. The facility exceeds 30,000 square feet, with a separate Childrens Area, Technology Lab and more.More information is available at www.lllcf.org 137281 Library OperationsThe LLLCF is responsible for funding over 50% of the annualized operating costs for the Library: to expand library hours; fund the Glenn Seaborg Learning Consortium and community programming; provide additional collection materials and pay for maintenance and operations. 630536 true true false false false false false false false false true true false false true true true false false false false false false false true false false false false false false false false false false false false false false false false false false false false false false false false false false true 8 0 true 4 true false false false false false true true false false 0 false false false false false false false false false false X 18 18 false false false false false false false true true false false true true true true true true true true false CA X X X Jeff Gale Treasurer 9252836513 3491 Mt Diablo Blvd 214 Lafayette CA 94549 Stephenie Teichman President 10.00 0.00 X X 0 0 0 Jeff Gale Treasurer 10.00 0.00 X X 0 0 0 Bart Baer Secretary 2.00 0.00 X X 0 0 0 Rita Iorfida Vice President 2.00 0.00 X X 0 0 0 Caity Meaney Burrows Past President 2.00 0.00 X X 0 0 0 Lisa Libby Albert Trustee 2.00 0.00 X 0 0 0 Kristin Connelly Trustee 2.00 0.00 X 0 0 0 Scott Elliott Trustee 2.00 0.00 X 0 0 0 Alex Engs Trustee 2.00 0.00 X 0 0 0 Roger Falcone Trustee 2.00 0.00 X 0 0 0 Seth Hamalian Trustee 2.00 0.00 X 0 0 0 Todd Jacobson Trustee 2.00 0.00 X 0 0 0 Sid Luckenbach Trustee 2.00 0.00 X 0 0 0 Karen Mulvaney Trustee 2.00 0.00 X 0 0 0 Ron Olowin Trustee 2.00 0.00 X 0 0 0 Suzy Pak Trustee 2.00 0.00 X 0 0 0 Linda Sorensen Trustee 2.00 0.00 X 0 0 0 Denise K Zetterbaum Trustee 2.00 0.00 X 0 0 0 Beth Needel Exec Director 40.00 0.00 X 105000 0 0 105000 1 false false false 0 210575 4531 210575 Library facility rentals 143215 143215 Program Revenues 4225 4225 147440 1028751 1028751 0 0 0 75294 75294 75294 75294 61517 36639 24878 0 0 Other 185 185 185 1487123 222919 1028751 0 0 0 0 105000 47250 26250 31500 0 108296 48734 27074 32488 0 9120 4104 2280 2736 18032 8114 4508 5410 0 0 15242 15242 0 0 9686 9686 0 4024 4024 11762 11762 8120 8120 0 0 0 0 0 0 0 6786 6786 3393 3393 Support For Hours & Operations 517580 517580 Contract Services 13750 11250 2500 Outreach and community events 7531 4754 2777 Bank and processing fees 3178 3178 2750 1702 1048 844250 630536 131231 82483 238893 213888 0 1340 1195 9059 3648 0 0 15770916 15519728 0 4146 2029 48680 41726 7880 6954 0 4437020 5305170 0 0 0 20469254 21052612 504727 549085 22846 22130 527573 571215 X 15682 96319 19925999 20385078 19941681 20481397 20469254 21052612 642873 -103157 X false true X true false X 562084 323877 196378 634492 210575 1927406 0 0 562084 323877 196378 634492 210575 1927406 428428 1498978 902601 955730 1023426 1263509 1104045 5249311 0 79 79 7176796 1043538 0.20890 0.27910 X Current Year Facts and Circumstances: As a nonprofit organization, Lafayette Library and Learning Center Foundation must be able to demonstrate that it "normally" receives at least 33 1/3% of its support from the general public. In calculating this support test, Form 990 Schedule A reflects a support percentage of almost 21% for the fiscal year ended June 30, 2015. Lafayette Library and Learning Center Foundation believes that other factors provide sufficient evidence that the organization is a valid publicly supported nonprofit charity. The other test is a facts and circumstances test. Under this test, the organization is treated as publicly supported if it normally receives a substantial part of its support from governmental units, from direct or indirect contributions from the general public, and if it is organized and operated to attract new and additional public or governmental support on a continuous basis [Reg. Section 1.170A-9(e)(3)]. The organization will be treated as normally receiving substantial public support if at least 10 percent of the total support normally received by the organization is governmental or public support [Reg. Section 1.170A-9(e)(3)(i)]. An organization meets the requirement of attracting new and additional public or governmental support if it maintains a continuous and bona fide program for soliciting funds from the general public or it carries on activities designed to attract support from governmental units, churches, educational organizations, or other publicly supported charitable or cultural organizations [Reg. Section 1.170A-9(e)(3)(ii)].The reason for the decrease in the public support percentage for the fiscal years ended June 30, 2015 and 2014 is due to the recognition of interest income related to loans due from a governmental agency (initially the Lafayette Redevelopment Agency and then, subsequently, the California Department of Finance acting on behalf of the Lafayette Successor Agency). The interest income related to these loans amounted to $1,000,812 and $1,032,093 for the years ended June 30, 2015 and 2014, respectively. If these amounts were excluded from the calculation above, then the Lafayette Library and Learning Center Foundation would reflect public support percentages of 55% and 54% for the years ended June 30, 2015 and 2014, respectively.The primary purpose of the Lafayette Library and Learning Center Foundation is to support the Lafayette Library and provide supplemental funding for various library programs. The Lafayette Library & Learning Center is also home to the Glenn Seaborg Learning Consortium, a "first-ever" collaboration among some of the Bay Area's most prestigious educational and cultural organizations. Through the Consortium, a wealth of collaborative learning workshops, exhibits, lectures, films and discovery centers are offered to the community.Lafayette Library and Learning Center Foundation has a diverse Board of Directors, with representatives from a variety of backgrounds providing guidance, support and foresight. The Foundation's support of the Library enables a vast segment of the community access to resources not available anywhere else. Prior Year Facts and Circumstances: As a nonprofit organization, Lafayette Library and Learning Center Foundation must be able to demonstrate that it "normally" receives at least 33 1/3% of its support from the general public. In calculating this support test, Form 990 Schedule A reflects a support percentage of almost 28% for the fiscal year ended June 30, 2014. Lafayette Library and Learning Center Foundation believes that other factors provide sufficient evidence that the organization is a valid publicly supported nonprofit charity. The other test is a facts and circumstances test. Under this test, the organization is treated as publicly supported if it normally receives a substantial part of its support from governmental units, from direct or indirect contributions from the general public, and if it is organized and operated to attract new and additional public or governmental support on a continuous basis [Reg. Section 1.170A-9(e)(3)]. The organization will be treated as normally receiving substantial public support if at least 10 percent of the total support normally received by the organization is governmental or public support [Reg. Section 1.170A-9(e)(3)(i)]. An organization meets the requirement of attracting new and additional public or governmental support if it maintains a continuous and bona fide program for soliciting funds from the general public or it carries on activities designed to attract support from governmental units, churches, educational organizations, or other publicly supported charitable or cultural organizations [Reg. Section 1.170A-9(e)(3)(ii)].Lafayette Library and Learning Center Foundation reflects a cumulative public support test of 28%, which is the first year it dipped below the 33.3% threshold. Last year the public support test reflected a 40% public support percentage.The primary purpose of the Lafayette Library and Learning Center Foundation is to support the Lafayette Library and provide supplemental funding for various library programs. The Lafayette Library & Learning Center is also home to the Glenn Seaborg Learning Consortium, a "first-ever" collaboration among some of the Bay Area's most prestigious educational and cultural organizations. Through the Consortium, a wealth of collaborative learning workshops, exhibits, lectures, films and discovery centers are offered to the community.Lafayette Library and Learning Center Foundation has a diverse Board of Directors, with representatives from a variety of backgrounds providing guidance, support and foresight. The Foundation's support of the Library enables a vast segment of the community access to resources not available anywhere else. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 48680 41726 6954 6954 5305170 Accrued payroll liabilities 22130 22130 X 1420605 -103157 36639 -66518 1487123 1487123 880889 36639 36639 844250 844250 Part X : FIN48 Footnote Financial statement presentation follows the recommendations of ASC 740, Income Taxes. Under ASC 740, LLLCF is required to report information regarding its exposure to various tax positions taken by LLLCF and requires a two-step process that separates recognition from measurement. The first step is determining whether a tax position has met the recognition threshold; the second step is measuring a tax position that meets the recognition threshold. Management believes that it has adequately evaluated its current tax positions and has concluded that as of June 30, 2015, LLLCF does not have any uncertain tax positions for which a reserve or an accrual for a tax liability would be necessary.LLLCF has received notification from the Internal Revenue Service and the State of California that it qualifies for tax-exempt status under Section 501(c)(3) of the Internal Revenue Code and Section 23701d of the California Revenue and Taxation Code, respectively. The exemptions are subject to periodic review by the federal and state taxing authorities and management is confident that LLLCF continues to satisfy all federal and state statutes in order to qualify for continued tax exemption status. LLLCF may periodically receive unrelated business income (such as sublease rental income) requiring LLLCF to file separate tax returns under federal and state statutes. Under such conditions, LLLCF calculates and accrues the applicable taxes. Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990 Fundraising events $36639 Part XII, Line 2d: Other expenses and losses per audited F/S Fundraising events $36639 X X X X X X false Speaker Series 61517 61517 29710 61517 61517 29710 29710 31807 Form 990, Part VI, Line 11b: Form 990 Review Process FORM 990 IS PREPARED BY AN OUTSIDE TAX PROFESSIONAL. THE FORM IS THEN REVIEWED BYTHE ORGANIZATION'S MANAGEMENT AND A MEMBER OF THE BOARD OF DIRECTORS. THIS GROUP OF INDIVIDUALS THEN DISCUSSES THE CONTENTS OF THE RETURN WITH THE OUTSIDE TAX PROFESSIONAL. AFTER A FULL REVIEW (WITH MODIFICATIONS WHERE NECESSARY), THE FINAL VERSION OF THE TAX RETURN IS PROVIDED TO ALL MEMBERS OF THE ORGANIZATION'S VOTING BODY. A REPRESENTATIVE OF MANAGEMENT OR THE BOARD AUTHORIZES THE FINAL FORM 990 WHICH IS THEN E-FILED WITH THE INTERNAL REVENUE SERVICE. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts MEMBERS OF THE BOARD OF DIRECTORS REVIEW ALL POTENTIAL CONFLICTS OF INTEREST ATLEAST ANNUALLY. ALL PERSONNEL AND BOARD MEMBERS ARE REQUIRED TO DISCLOSE (INWRITING) POTENTIAL CONFLICTS AND ANY RELATED PARTY AFFILIATIONS. LOANS BETWEEN THEORGANIZATION AND MEMBERS OF MANAGEMENT AND THE BOARD ARE STRICTLY PROHIBITED. THEORGANIZATION SEEKS FULL TRANSPARENCY ON ALL RELATIONSHIPS. ANY POTENTIAL CONFLICTS (IN FACT OR APPEARANCE) ARE DISCUSSED OPENLY AND RESOLVED IN ACCORDANCE WITH THE ORGANIZATION'S POLICIES AND PROCEDURES. Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management MEMBERS OF THE BOARD OF DIRECTORS REVIEW THE COMPENSATION OF ALL HIGH-LEVEL PERSONNEL PERIODICALLY IN ACCORDANCE WITH IRS RULES AND REGULATIONS. EFFORTS ARE MADE TO SECURE COMPENSATION DATA FROM INDUSTRY SOURCES IN ORDER TO DETERMINE COMPETITIVENESS AND APPROPRIATENESS OF SALARIES. EVERY EFFORT IS MADE TO ENSURE THAT THE PROCESS IS THOROUGH AND TRANSPARENT IN ACCORDANCE WITH IRS GUIDELINES AND THE ORGANIZATION'S POLICIES AND PROCEDURES. Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees COMPENSATION OF OTHER HIGH-LEVEL PERSONNEL AND KEY EMPLOYEES IS REVIEWED PERIODICALLY BY MEMBERS OF MANAGEMENT. EFFORTS ARE MADE TO SECURE COMPENSATION DATA FROM INDUSTRY SOURCES IN ORDER TO DETERMINE COMPETITIVENESS AND APPROPRIATENESS OF SALARIES AND ALL RELATED BENEFITS. ALL DECISIONS ARE THEN DOCUMENTED IN PERSONNEL FILES. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available ALL OF THE ORGANIZATION'S GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND OTHER LEGALFILINGS ARE MAINTAINED IN A SECURE ENVIRONMENT AND HELD AVAILABLE FOR INSPECTION BYTAX AUTHORITIES AND THE GENERAL PUBLIC. TAX RETURNS ARE POSTED ANNUALLY TOWWW.GUIDESTAR.ORG, ARE AVAILABLE FOR A PHYSICAL INSPECTION AT THE ORGANIZATION'S OFFICE IN LAFAYETTE, CALIFORNIA, AND ARE ALSO POSTED ON THE ORGANIZATION'S WEB SITE (www.LLLCF.org) WHERE THEY ARE AVAILABLE FOR VIEWING AS ELECTRONIC COPIES. Amended Explanation Upon conclusion of the organization's annual audit of its financial statements, the auditor posted certain adjusting journal entries which impacted previously reported unrestricted and temporarily restricted balances. This amended return is being filed to reflect these adjustments.