LIBRARY FOUNDATION OF LOS ANGELES: Form 990, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
LIBRARY FOUNDATION OF LOS ANGELES (EIN 95-4368250)
Tax period
2024-07-01 to 2025-06-30
Filed
2026-05-01
IRS object ID
202601219349302500
Schema version
2024v5.5
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)
Return2026-05-01T18:07:15-05:00ReturnTs
Tax Period End2025-06-30TaxPeriodEndDt

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 Begin2024-07-01TaxPeriodBeginDt

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
Signature2026-04-30SignatureDt
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
Preparation2026-04-30PreparationDt
FieldValueIRS element (for citing)
Tax2024TaxYr
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$10,986,996GrossReceiptsAmt
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 Employee49TotalEmployeeCnt
Total Volunteers37TotalVolunteersCnt
Total Gross UBI$30,475TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$30,475NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$7,346,239PYContributionsGrantsAmt
CY Contributions Grants$6,291,156CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$3,845,428PYInvestmentIncomeAmt
CY Investment Income$3,297,411CYInvestmentIncomeAmt
PY Other Revenue-$438,314PYOtherRevenueAmt
CY Other Revenue-$272,444CYOtherRevenueAmt
PY Total Revenue$10,753,353PYTotalRevenueAmt
CY Total Revenue$9,316,123CYTotalRevenueAmt
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$3,670,890PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$3,932,926CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$2,019,859CYTotalFundraisingExpenseAmt
PY Other Expenses$5,569,358PYOtherExpensesAmt
CY Other Expenses$5,975,662CYOtherExpensesAmt
PY Total Expenses$9,240,248PYTotalExpensesAmt
CY Total Expenses$9,908,588CYTotalExpensesAmt
PY Revenues Less Expenses$1,513,105PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$592,465CYRevenuesLessExpensesAmt
Total Assets BOY$66,322,023TotalAssetsBOYAmt
Total Assets EOY$68,590,202TotalAssetsEOYAmt
Total Liabilities BOY$441,181TotalLiabilitiesBOYAmt
Total Liabilities EOY$483,608TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$65,880,842NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$68,106,594NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionSEE SCHEDULE OMissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$2,078,632ExpenseAmt
DescHELPING STUDENTS SUCCEED:LFLA HELPS LAPL PROVIDE A RANGE OF SERVICES, PROGRAMS, EVENTS, AND OTHER RESOURCES THAT HELP CHILDREN AND TEENS THRIVE. FOR CHILDREN AGES 0-10, LAPL'S WE READ TOGETHER INITIATIVE ENGAGES EARLY AND EMERGING READERS AND THEIR PARENTS WITH STORY TIMES TO MODEL EVIDENCE-BASED LITERACY PRACTICES, PARENT WORKSHOPS TO HELP FAMILIES INTEGRATE LITERACY PRACTICES INTO THEIR DAILY ROUTINES, AND FAMILY-FRIENDLY EVENTS. THESE OFFERINGS PROMOTE SCHOOL-READINESS, LITERACY, LEARNING, PLAY, CURIOSITY, AND COMMUNITY. FOR SCHOOL-AGE YOUTH, LFLA HELPS 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 LOCAL SOCIAL ISSUES.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$2,056,818ExpenseAmt
DescINVESTING IN LIFELONG LEARNING:LFLA SUPPORTS ADULTS WHO WANT TO IMPROVE ESSENTIAL LITERACIES. THE ADULT LITERACY INITIATIVE OFFERS ONE-ON-ONE TUTORING FOR ADULTS READING BELOW THE SIXTH-GRADE LEVEL. THE PROGRAM'S FAMILY LITERACY SERVICES PROVIDE COACHING FOR ADULT LITERACY LEARNERS TO SUPPORT THEIR CHILDREN'S EARLY LITERACY DEVELOPMENT. ADDITIONAL ADULT LITERACY COMPONENTS INCLUDE DROP-IN TUTORING, CLASSES, AND ESL SERVICES. CAREER ONLINE HIGH SCHOOL GIVES ADULTS ANOTHER CHANCE TO EARN AN ACCREDITED HIGH SCHOOL DIPLOMA. LAPL'S 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 AND ENVIRONMENTAL LITERACY BY OFFERING WORKSHOPS, EVENTS, AND KITS THAT FOSTER NEIGHBORHOOD SCIENCE, CREATIVITY, AND INQUIRY-BASED PROBLEM-SOLVING FOR PEOPLE OF ALL AGES.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$1,962,578ExpenseAmt
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. LFLA ALSO SUPPORTS LAPL'S L.A. MADE SERIES, WHICH DELIVERS HUMANITIES-BASED PROGRAMMING ACROSS THE CITY'S DIVERSE COMMUNITIES. LFLA AND LAPL EXHIBITION PROJECTS HIGHLIGHT LAPL'S HISTORIC COLLECTIONS AND SERVICES, THE DIVERSE STORIES AND PEOPLE OF THE CITY OF L.A., AND CONTEMPORARY ISSUES. IN 2024-2025, LFLA AND LAPL LAUNCHED THE THIRD COHORT OF THE LAPL CREATORS IN RESIDENCE INITIATIVE. THE FELLOWSHIP PROGRAM ENGAGED TWO CREATIVE PRACTITIONERS, FASHION DESIGNER AND ENTREPRENEUR ASHLEY WALKER AND FOOD WRITER AND AUTHOR TIEN NGUYEN, WHO ARE PRODUCING UNIQUE NEW WORK INFORMED BY LAPL'S COLLECTION AND SERVICES. THEIR PROJECTS, INCLUDING DISPLAYS OF MENUS FROM THE LIBRARY'S SPECIAL COLLECTIONS AND NEWLY DESIGNED OUTFITS INSPIRED BY LA HISTORY AT BRANCH LIBRARIES ACROSS THE CITY, WILL LAUNCH PUBLICLY IN DECEMBER 2025. OUR MOST RECENT MAJOR EXHIBITION, NO PRIOR ART: ILLUSTRATIONS OF INVENTION, WAS ON VIEW FROM SEPTEMBER 2024 THROUGH MAY 2025 AND WELCOMED MORE THAN 43,000 VISITORS THE PROJECT ALSO INCLUDED 81 FREE PUBLIC PROGRAMS AT 23 LIBRARY LOCATIONS. LFLA ALSO SUPPORTS DIGITIZATION PROJECTS AT LAPL THAT ARCHIVE AND PRESERVE COLLECTIONS OF PHOTOS, EPHEMERAL, MAPS, AND OTHER ITEMS SO THEY CAN BE ACCESSED ONLINE BY RESEARCHERS, STUDENTS, AND OTHER CURIOUS MINDS. WITH LIBRARY FOUNDATION SUPPORT, LAPL COMPLETED THE PLANNING PHASE OF "COMMUNITY: 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, LGBT+ LATINX, AND SKID ROW COMMUNITIES. LFLA ALSO SUPPORTED LAPL CULTURAL CELEBRATIONS THROUGHOUT 2024-2025, INCLUDING THE L.A. LIBROS FESTIVAL, THE AAPI JOY FESTIVAL, AND THE JUNE JUBILEE IN HONOR OF BLACK EXCELLENCE.Desc
FieldValueIRS element (for citing)
Total Program Service Expenses$6,098,028TotalProgramServiceExpensesAmt
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 SecYes (1)ReportInvestmentsOtherSecInd
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 Document215IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee49EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitYes (1)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (1)Form990TFiledInd
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 Documents0ChangeToOrgDocumentsInd
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 (44 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtHighest Compensated EmployeeHighestCompensatedEmployeeInd
DEBRA ALBIN-RILEY
CHAIR6.00Yes (X)Yes (X)$0$0$0
DEAN HANSELL
VICE-CHAIR4.00Yes (X)Yes (X)$0$0$0
KIM SONNENBLICK
SECRETARY3.00Yes (X)Yes (X)$0$0$0
DAVID ROSENBLUM
TREASURER1.00Yes (X)Yes (X)$0$0$0
BETSY APPLEBAUM
DIRECTOR1.00Yes (X)$0$0$0
NICOLE NEEMAN BRADY
DIRECTOR1.00Yes (X)$0$0$0
HELEN BREMER
DIRECTOR3.00Yes (X)$0$0$0
BRENDON CASSIDY
DIRECTOR1.00Yes (X)$0$0$0
ANDREW CHICK
DIRECTOR1.00Yes (X)$0$0$0
JENNIFER CHU
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
AMANDA FAIREY
DIRECTOR1.00Yes (X)$0$0$0
TOM GEISER
DIRECTOR1.00Yes (X)$0$0$0
THOMAS HECK
DIRECTOR1.00Yes (X)$0$0$0
MICHAEL T M JONES
DIRECTOR1.00Yes (X)$0$0$0
JUDY KAMINS
DIRECTOR1.00Yes (X)$0$0$0
PATRICIA KAO
DIRECTOR1.00Yes (X)$0$0$0
MICHAEL KEEGAN
DIRECTOR1.00Yes (X)$0$0$0
SANDRA KULLI
DIRECTOR1.00Yes (X)$0$0$0
COURTNEY LILLY
DIRECTOR1.00Yes (X)$0$0$0
KEVIN MCKEON
DIRECTOR1.00Yes (X)$0$0$0
BETH MICHELSON
DIRECTOR1.00Yes (X)$0$0$0
KEVIN PHILIP
DIRECTOR1.00Yes (X)$0$0$0
CELIA RAMOS
DIRECTOR1.00Yes (X)$0$0$0
LISA RICHARDSON
DIRECTOR1.00Yes (X)$0$0$0
KATE ROBERTS
DIRECTOR1.00Yes (X)$0$0$0
ALLISON SAMEK
DIRECTOR1.00Yes (X)$0$0$0
LAURA SEIGLE
DIRECTOR1.00Yes (X)$0$0$0
NYANZA SHAW
DIRECTOR1.00Yes (X)$0$0$0
RACHEL SMALL
DIRECTOR1.00Yes (X)$0$0$0
MICHAEL SPEAKER
DIRECTOR1.00Yes (X)$0$0$0
BETSY WANNER
DIRECTOR1.00Yes (X)$0$0$0
NONA FARAHNIK YADEGAR
DIRECTOR1.00Yes (X)$0$0$0
STEPHANIE YONEKURA
DIRECTOR1.00Yes (X)$0$0$0
STACY LIEBERMAN
PRESIDENT & CEO40.00Yes (X)$319,807$0$18,143
MELISSA KHAMVONGSA
CHIEF DEVELOPMENT OFFICER40.00Yes (X)$141,580$0$22,806
SHAWN RUBIN
CHIEF FINANCIAL & OPERATING OFFICER40.00Yes (X)$207,156$0$34,305
IMANI HARRIS
SR DIR OF CORP AND FDN RELATIONS40.00$155,253$0$16,584Yes (X)
JESSICA STRAND
SR DIR OF PROGRAMMING & STRATEGIC ENGAGEMENT40.00$138,713$0$29,902Yes (X)
ELIZABETH CHANDLER
DIRECTOR OF HUMAN RESOURCES40.00$115,703$0$15,029Yes (X)
SARAH CHARLETON
DIR OF M&AG (UNTIL 11/2024)40.00$114,743$0$9,892Yes (X)
ALEX NGUYEN
DIRECTOR OF MAJOR & PLANNED GIVING40.00$125,763$0$13,792Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$1,318,718TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$160,453TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K12IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (4 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
MANAGED CAREER SOLUTIONS INC
3333 WILSHIRE BLVD 405LOS ANGELESCA90010RECRUITING & STAFFING SERVICE$762,722
TUTORCOM INC
110 E 42ND ST SUITE 700NEW YORKNY10017ONLINE TUTORING SUBSCRIPTION AND SERVICE$411,250
POWERMYLEARNING INC
228 PARK AVE SOUTH PMB 16373NEW YORKNY10003ONLINE HOMEWORK HELP SERVICES$407,696
IPROMOTEUCOM INC
DEPT LA 23232PASADENACA91185PROMOTIONAL ITEMS FOR PUBLIC DISTRIBUTIO$243,143
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K4CntrctRcvdGreaterThan100KCnt
Info In Schedule O Part VIIIYes (X)InfoInScheduleOPartVIIIInd
Membership Dues$465,255MembershipDuesAmt
Fundraising$649,701FundraisingAmt
Government Grants$495,134GovernmentGrantsAmt
All Other Contributions$4,681,066AllOtherContributionsAmt
Noncash Contributions$278,544NoncashContributionsAmt
Total Contributions$6,291,156TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$556,083TotalRevenueColumnAmt
Unrelated Business Revenue$30,475UnrelatedBusinessRevenueAmt
Exclusion$525,608ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$3,574,648SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$833,320SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$2,741,328SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,741,328TotalRevenueColumnAmt
Exclusion$2,741,328ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$72,000FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$649,701ContriRptFundraisingEventAmt
Fundraising Direct Expenses$141,964FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column-$69,964TotalRevenueColumnAmt
Exclusion-$69,964ExclusionAmt
FieldValueIRS element (for citing)
Gross Sales Of Inventory$493,109GrossSalesOfInventoryAmt
Cost Of Goods Sold$695,589CostOfGoodsSoldAmt

Net Income Or Loss NetIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column-$202,480TotalRevenueColumnAmt
Exclusion-$202,480ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$9,316,123TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$30,475UnrelatedBusinessRevenueAmt
Exclusion$2,994,492ExclusionAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IXYes (X)InfoInScheduleOPartIXInd

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$864,914TotalAmt
Program Services$111,692ProgramServicesAmt
Management And General$419,140ManagementAndGeneralAmt
Fundraising$334,082FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$2,525,579TotalAmt
Program Services$939,921ProgramServicesAmt
Management And General$667,768ManagementAndGeneralAmt
Fundraising$917,890FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$78,578TotalAmt
Program Services$28,411ProgramServicesAmt
Management And General$22,650ManagementAndGeneralAmt
Fundraising$27,517FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$216,936TotalAmt
Program Services$103,756ProgramServicesAmt
Management And General$40,562ManagementAndGeneralAmt
Fundraising$72,618FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$246,919TotalAmt
Program Services$81,697ProgramServicesAmt
Management And General$74,815ManagementAndGeneralAmt
Fundraising$90,407FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$34,652TotalAmt
Management And General$34,652ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$93,697TotalAmt
Management And General$93,697ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$127,197TotalAmt
Management And General$127,197ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$2,485,021TotalAmt
Program Services$2,340,870ProgramServicesAmt
Management And General$131,071ManagementAndGeneralAmt
Fundraising$13,080FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$264,325TotalAmt
Program Services$153,421ProgramServicesAmt
Fundraising$110,904FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$188,037TotalAmt
Program Services$72,966ProgramServicesAmt
Management And General$15,093ManagementAndGeneralAmt
Fundraising$99,978FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$9,307TotalAmt
Program Services$9,307ProgramServicesAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$139,467TotalAmt
Program Services$69,630ProgramServicesAmt
Management And General$44,459ManagementAndGeneralAmt
Fundraising$25,378FundraisingAmt

Depreciation Depletion DepreciationDepletionGrp

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

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$39,180TotalAmt
Program Services$5,510ProgramServicesAmt
Management And General$33,670ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtFundraisingFundraisingAmtManagement And GeneralManagementAndGeneralAmt
PROGRAM MATERIALS$677,139$658,639$18,500
COMPUTER EQUIPMENT$466,361$255,700$159,979$50,682
FURNITURE AND FIXTURES$405,126$400,483$367$4,276
EVENTS$397,283$299,945$94,057$3,281

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$647,868TotalAmt
Program Services$566,080ProgramServicesAmt
Management And General$26,686ManagementAndGeneralAmt
Fundraising$55,102FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$9,908,588TotalAmt
Program Services$6,098,028ProgramServicesAmt
Management And General$1,790,701ManagementAndGeneralAmt
Fundraising$2,019,859FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$5,769,535BOYAmt
EOY$6,657,794EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$7,678BOYAmt
EOY$20,228EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$1,684,361BOYAmt
EOY$809,273EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

FieldValueIRS element (for citing)
BOY$122,528BOYAmt
EOY$150,683EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$230,683BOYAmt
EOY$184,056EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$526,292LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$268,683LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$282,079BOYAmt
EOY$257,609EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$42,988,631BOYAmt
EOY$44,465,285EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$15,236,528BOYAmt
EOY$16,045,274EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$66,322,023BOYAmt
EOY$68,590,202EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$441,181BOYAmt
EOY$483,608EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$441,181BOYAmt
EOY$483,608EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$26,720,740BOYAmt
EOY$27,127,170EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$39,160,102BOYAmt
EOY$40,979,424EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$65,880,842BOYAmt
EOY$68,106,594EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$66,322,023BOYAmt
EOY$68,590,202EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$592,465ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$2,818,217NetUnrlzdGainsLossesInvstAmt
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$7,070,447CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$6,303,320CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$7,658,506CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$7,346,239CurrentTaxYearMinus1YearAmt
Current Tax Year$6,291,156CurrentTaxYearAmt
Total$34,669,668TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$7,070,447CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$6,303,320CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$7,658,506CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$7,346,239CurrentTaxYearMinus1YearAmt
Current Tax Year$6,291,156CurrentTaxYearAmt
Total$34,669,668TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$3,784,524SubstantialContributorsTotAmt
Public Support Total170$30,885,144PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$505,092CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$569,503CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$801,158CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$531,128CurrentTaxYearMinus1YearAmt
Current Tax Year$556,083CurrentTaxYearAmt
Total$2,962,964TotalAmt

Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$91,650CurrentTaxYearMinus4YearsAmt
Total$91,650TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years-$127,714CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years-$226,985CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years-$248,706CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year-$273,841CurrentTaxYearMinus1YearAmt
Current Tax Year-$202,480CurrentTaxYearAmt
Total-$1,079,726TotalAmt
FieldValueIRS element (for citing)
Total Support$36,644,556TotalSupportAmt
Public Support CY1700.84280PublicSupportCY170Pct
Public Support PY1700.83280PublicSupportPY170Pct
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$54,489,473BeginningYearBalanceAmt
Contributions$87,567ContributionsAmt
Investment Earnings Or Losses$5,557,674InvestmentEarningsOrLossesAmt
Other Expenditures$3,574,648OtherExpendituresAmt
End Year Balance$56,560,066EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

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 Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

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 Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

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 Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

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
FieldValueIRS element (for citing)
Board Designated Balance EOY0.42000BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY0.31000PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY0.27000TermEndowmentBalanceEOYPct
Endowments Held Unrelated Org0EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org0EndowmentsHeldRelatedOrgInd

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$526,292OtherCostOrOtherBasisAmt
Depreciation$268,683DepreciationAmt
Book Value$257,609BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$257,609TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp

FieldValueIRS element (for citing)
DescALTERNATIVE INVESTMENTSDesc
Book Value$16,045,274BookValueAmt
Method ValuationCMethodValuationCd
FieldValueIRS element (for citing)
Total Book Value Securities$16,045,274TotalBookValueSecuritiesAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$12,726,732TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$2,818,217NetUnrealizedGainsInvstAmt
Donated Services And Use Fclts$24,000DonatedServicesAndUseFcltsAmt
Other Revenue$695,589OtherRevenueAmt
Revenue Not Reported$3,537,806RevenueNotReportedAmt
Revenue Subtotal$9,188,926RevenueSubtotalAmt
Investment Expenses Not Incld$127,197InvestmentExpensesNotIncldAmt
Revenue Not Reported Fincl Stmt$127,197RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$9,316,123TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$10,500,980TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts$24,000DonatedServicesUseFcltsAmt
Other Expenses Included$695,589OtherExpensesIncludedAmt
Expenses Not Reported$719,589ExpensesNotReportedAmt
Expenses Subtotal$9,781,391ExpensesSubtotalAmt
Investment Expenses Not Incld2$127,197InvestmentExpensesNotIncld2Amt
Expenses Not Rpt Fincl Stmt$127,197ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$9,908,588TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART V, LINE 4:THE FOUNDATION'S ENDOWMENT FUNDS ARE USED TO SUPPORT AND SUSTAIN LAPL AND LFLA PROGRAMS FOCUSED ON HELPING STUDENTS SUCCEED, ENGAGING IN THE IMAGINATION OF THE PEOPLE OF LOS ANGELES, AND INVESTING IN LIFELONG LEARNING, AND OPERATING EXPENSES FOR THE FOUNDATION.
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 695,589.
PART XII, LINE 2D - OTHER ADJUSTMENTS:LIBRARY STORE EXPENSES 695,589.
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, 2025 THE FOUNDATION'S BOARD APPROVED A 5% APPROPRIATION RATE FOR THE ENDOWMENTS AND AN ADDITIONAL 5% FOR THE BOARD-DIRECTED PORTION OF THE ENDOWMENT. THE $3,574,648 APPROPRIATED FROM THE ENDOWMENT SUPPORT AND FUND THE FOUNDATION'S PROGRAMS AND OPERATIONS.

Schedule G IRS990ScheduleG

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1LITERARY AWARDS DINNEREvent1Nm
Gross Receipts Event1$311,033GrossReceiptsEvent1Amt
Charitable Contri Event1$251,633CharitableContriEvent1Amt
Gross Revenue Event1$59,400GrossRevenueEvent1Amt
Rent Facility Costs Event1$2,285RentFacilityCostsEvent1Amt
Food And Beverage Event1$45,925FoodAndBeverageEvent1Amt
Entertainment Event1$1,600EntertainmentEvent1Amt
Other Direct Expenses Event1$46,986OtherDirectExpensesEvent1Amt
Event2LITERARY FEASTEvent2Nm
Gross Receipts Event2$299,577GrossReceiptsEvent2Amt
Charitable Contri Event2$286,977CharitableContriEvent2Amt
Gross Revenue Event2$12,600GrossRevenueEvent2Amt
Other Direct Expenses Event2$20,919OtherDirectExpensesEvent2Amt
Other Events Total1OtherEventsTotalCnt
Gross Receipts Other Events$111,091GrossReceiptsOtherEventsAmt
Charitable Contri Other Events$111,091CharitableContriOtherEventsAmt
Oth Direct Expnss Other Events$24,249OthDirectExpnssOtherEventsAmt
Gross Receipts Total$721,701GrossReceiptsTotalAmt
Charitable Contributions Tot$649,701CharitableContributionsTotAmt
Gross Revenue Total Events$72,000GrossRevenueTotalEventsAmt
Rent Fclty Costs Total Events$2,285RentFcltyCostsTotalEventsAmt
Food And Beverage Total Events$45,925FoodAndBeverageTotalEventsAmt
Entertainment Total Events$1,600EntertainmentTotalEventsAmt
Oth Direct Expnss Total Events$92,154OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$141,964DirectExpenseSummaryEventsAmt
Net Income Summary-$69,964NetIncomeSummaryAmt

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$319,807$0$0$0$0$0$12,910$0$5,233$0$337,950$0$0$0
SHAWN RUBIN
CHIEF FINANCIAL & OPERATING OFFICER$207,156$0$0$0$0$0$8,419$0$25,886$0$241,461$0$0$0
IMANI HARRIS
SR DIR OF CORP AND FDN RELATIONS$155,253$0$0$0$0$0$6,220$0$10,364$0$171,837$0$0$0
JESSICA STRAND
SR DIR OF PROGRAMMING & STRATEGIC EN$138,713$0$0$0$0$0$5,824$0$24,078$0$168,615$0$0$0
MELISSA KHAMVONGSA
CHIEF DEVELOPMENT OFFICER$141,580$0$0$0$0$0$2,875$0$19,931$0$164,386$0$0$0

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 4AFormAndLineReferenceDesc
ExplanationSARAH CHARLETON RECEIVED A SEPARATION PAYMENT OF $23,722.ExplanationTxt

Schedule M IRS990ScheduleM

Books And Publications BooksAndPublicationsGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Noncash Contributions Rpt F990$5,830NoncashContributionsRptF990Amt
Method Of Determining RevenuesFMVMethodOfDeterminingRevenuesTxt

Securities Publicly Traded SecuritiesPubliclyTradedGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution11ContributionCnt
Noncash Contributions Rpt F990$278,544NoncashContributionsRptF990Amt
Method Of Determining RevenuesFMVMethodOfDeterminingRevenuesTxt

Other Non Cash Contri Table OtherNonCashContriTableGrp (2 entries)

Non Cash CheckboxNonCashCheckboxIndDescDescContributionContributionCntNoncash Contributions Rpt F990NoncashContributionsRptF990AmtMethod Of Determining RevenuesMethodOfDeterminingRevenuesTxt
Yes (X)CHILDREN TOYS2500$24,650FMV
Yes (X)GIFT CARD1$300FMV
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 (9 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART III, LINE 1THE LIBRARY FOUNDATION OF LOS ANGELES (LFLA) PROVIDES CRITICAL SUPPORT TO THE LOS ANGELES PUBLIC LIBRARY (LAPL), 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, LFLA STRENGTHENS LAPL AND PROMOTES GREATER AWARENESS OF ITS VALUABLE RESOURCES.
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.
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, CFOO, AND CDO. 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. 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. THE STORE IS CREATING A NEW STOREFRONT SIGNAGE PLAN TO BE COMPLETED IN FALL 2025, WHICH WILL MAKE THE STORE STAND OUT IN THE LOBBY AND DISTINGUISH IT FROM THE LIBRARY. THE STORE HAS BEEN UPDATING ITS ECOMMERCE PLATFORMS TO OPTIMIZE THE USER EXPERIENCE, WITH THE ULTIMATE GOAL OF INCREASING ONLINE REVENUE. THE STORE WORKS WITH THE LIBRARY'S P.R. DEPARTMENT TO HEIGHTEN VISIBILITY AMONG LAPL CONSTITUENTS VIA THE LAPL WEBSITE AND SOCIAL MEDIA PLATFORMS. THE STORE MANAGES EVENT SALES FOR ANGEL CITY PRESS, INCLUDING USING THE STORE'S POINT OF SALE PLATFORM AND REPORTING SALES TO THE DISTRIBUTOR FOR ROYALTY PURPOSES. 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 2,340,870. MANAGEMENT AND GENERAL EXPENSES 131,071. FUNDRAISING EXPENSES 13,080. TOTAL EXPENSES 2,485,021.

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