Civic Intelligence

Fullerton Public Library Foundation

990 • Fiscal year 2017 • EIN 33-0502533

Jan 01, 2017 to Dec 31, 2017 • Filed on Aug 29, 2018

353 W Commonwealth AveFullerton, CA 92832-1710

(714) 738-3366

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

26th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

26th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Net Margin

8th percentile

-36%

Higher net margin than 8% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Asset Growth

62nd percentile

8.5%

Faster asset growth than 62% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

34th percentile

-2.5%

Faster revenue growth than 34% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Assets

Up

$835,688

Up $65,561 (+8.5%) from 2016

Net Assets

Up

$835,688

Up $65,561 (+8.5%) from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue

Down

$43,126

Down $1,123 (-2.5%) from 2016

Expenses

Up

$58,663

Up $34,770 (+146%) from 2016

Net Income

Down

-$15,537

Down $35,893 (-176%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2012: $788,036Liabilities 2012: $0Net Assets 2012: $788,0362012Assets 2013: $727,766Liabilities 2013: $0Net Assets 2013: $727,7662013Assets 2014: $776,982Liabilities 2014: $0Net Assets 2014: $776,9822014Assets 2015: $718,698Liabilities 2015: $0Net Assets 2015: $718,6982015Assets 2016: $770,127Liabilities 2016: $0Net Assets 2016: $770,1272016Assets 2017: $835,688Liabilities 2017: $0Net Assets 2017: $835,6882017Assets 2018: $737,952Liabilities 2018: $0Net Assets 2018: $737,9522018Assets 2019: $1,105,905Liabilities 2019: $200,347Net Assets 2019: $905,5582019Assets 2020: $5,610,097Liabilities 2020: $383Net Assets 2020: $5,609,7142020Assets 2021: $5,796,381Liabilities 2021: $393Net Assets 2021: $5,795,9882021Assets 2022: $5,012,347Liabilities 2022: $653Net Assets 2022: $5,011,6942022Assets 2023: $5,352,608Liabilities 2023: $1,589Net Assets 2023: $5,351,0192023Assets 2024: $5,631,929Liabilities 2024: $5,414Net Assets 2024: $5,626,5152024

Highlighted filing

2017

Assets$835,688
Liabilities$0
Net Assets$835,688

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2012: $20,6622012Revenue 2013: $48,425Expenses 2013: $201,317Net Income 2013: -$152,8922013Revenue 2014: $33,435Expenses 2014: $42,634Net Income 2014: -$9,1992014Revenue 2015: $51,498Expenses 2015: $21,068Net Income 2015: $30,4302015Revenue 2016: $44,249Expenses 2016: $23,893Net Income 2016: $20,3562016Revenue 2017: $43,126Expenses 2017: $58,663Net Income 2017: -$15,5372017Revenue 2018: $94,306Expenses 2018: $85,548Net Income 2018: $8,7582018Revenue 2019: $161,259Expenses 2019: $57,758Net Income 2019: $103,5012019Revenue 2020: $4,547,978Expenses 2020: $172,913Net Income 2020: $4,375,0652020Revenue 2021: $385,608Expenses 2021: $108,844Net Income 2021: $276,7642021Revenue 2022: $241,529Expenses 2022: $99,898Net Income 2022: $141,6312022Revenue 2023: $236,015Expenses 2023: $249,780Net Income 2023: -$13,7652023Revenue 2024: $386,709Expenses 2024: $111,212Net Income 2024: $275,4972024

Highlighted filing

2017

Revenue$43,126
Expenses$58,663
Net Income-$15,537
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Aug 29, 2018
Return Version
2017v2.3
Gross Receipts
$69,948
Mission and Program Overview

Mission

To provide supplemental financial support to the fullerton, california public library.

The mission of the fullerton public library foundation is to enrich the quality of life of the people of fullerton by raising funds for the enhancement of the library. These funds shall be in supplement to, but not in place of, those provided by the city of fullerton.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$770,127$835,688▲ $65,561
Investments in Publicly Traded Securities$718,420$822,745▲ $104,325
Cash and Non-Interest-Bearing Accounts$51,707$12,943▼ $38,764
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$770,127$835,688▲ $65,561
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$770,127$835,688▲ $65,561
Total Liabilities and Net Assets / Fund Balance$770,127$835,688▲ $65,561

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$756,032$4,164▲ $106,909$40,467$826,638
2016$681,163$28,989▲ $52,680$6,800$756,032
2015$701,298$798▼ $17,323$3,610$681,163
2014$632,333$67,245▲ $28,507$26,787$701,298
2013$582,897$49,436--$632,333
Compensation and Service Providers

Board Members and Trustees

NameTitle
Ray KawaseEndowment/investment Chair
Joan MearsProgram Chair
M Elizabeth OatesPresident
David LeeVice President
Ellen BallardLibrary Board Rep to Found
Floyd AllenTax Filing Director
Babette CarlsonCorresponding Secretary
Michael CarrilloFoundation Rep to Library
Virginia NelsonFriends of the Library Rep
Judy BoothNon-voting Acting Library
Duncan JohnsonTreasurer & Acting Secreta
Revenue and Support

Revenue Composition

Contributions and Grants
$17,315
Program Service Revenue
$0
Investment Income
$25,811
Other Revenue
$0
All Other Contributions
$17,315
Change in Net Assets
$-15,537
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$40,467
Salaries, Compensation, and Employee Benefits$9,462
Other Expenses$8,734
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$40,467--$40,467
Other Salaries and Wages-$8,940-$8,940
Fees for Service Investment Mgmnt Fees-$3,551-$3,551
Insurance$1,462--$1,462
Office Expenses$568--$568
Payroll Taxes-$522-$522
Other Expenses$32--$32
All Other Expenses$16--$16
Total Functional Expenses$45,650$13,013$0$58,663
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Fullerton Public LibraryFullerton, CA-SUPPORT OF THE PUBLIC LIBRARY'S ONGOING PROGRAMMING AND FACILITIES.$40,467
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 8B

All committees of the organization must submit recommendations for approval of the board of directors. No committee has authority to act on behalf of the governing body.

Form 990, Part VI, Section B, Line 11B

The organization's board of directors reviews and approves the tax returns.

Form 990, Part VI, Section B, Line 15

The organization has one employee who assists with administration of the organization. The organization does not compensate its officers or board of directors. No written policy or procedure for compensation is maintained. Hiring is approved by the board of directors with the best information available.

Form 990, Part VI, Section C, Line 18

All documents required to be disclosed by the organization are available upon request at the offices of the organization.

Form 990, Part VI, Section C, Line 19

All documents required to be disclosed by the organization are available upon request at the offices of the organization.

Filing and Contact Details

Filer

Filer Name
Fullerton Public Library Foundation
EIN
33-0502533
Phone
7147383366
Address
353 W COMMONWEALTH AVE, FULLERTON, CA 92832-1710

Signing Officer

Name
M Elizabeth Oates
Title
President
Phone
7147383366
Signed
2018-08-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
M Elizabeth Oates
Formed
1992
Legal Domicile
CA
Voting Board Members
10
Independent Board Members
10
Employees
1
Volunteers
5

Preparer

Firm
INOUYE SHIVELY & KLATT CPA'S LLP
Address
23041 AVE DE LA CARLOTA STE 310, LAGUNA HILLS, CA 92653-1531
Preparer
Douglas E Shively CPA
Phone
9495866640
Supplemental Narrative

Financial Statement Notes

PART V, LINE 4:

Endowment funds are used to financially support the fullerton, california public library programs and facilities.

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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt034376
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0123836
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt024123
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt021684
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt030992
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt031226
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0184
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0108209
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt024123
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt021684
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt030992
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt031226
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0184
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0108209
IRS990ScheduleA/InvestmentIncomeCYPct00.46630
IRS990ScheduleA/InvestmentIncomePYPct00.31610
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.53370
IRS990ScheduleA/PublicSupportPY509Pct00.68390
IRS990ScheduleA/PublicSupportTotal509Amt0123836
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsPY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt017315
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt022642
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt021904
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt027599
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt034376
IRS990ScheduleA/Total509Grp/TotalAmt0123836
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt041438
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt044326
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt052896
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt058825
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt034560
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0232045
IRS990/ScheduleBRequiredInd01
IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt0NO LOBBYING ACTIVITIES OF ANY KIND WERE UNDERTAKEN BY THE ORGANIZATION.
IRS990ScheduleC/SupplementalInformationDetail/FormAndLineReferenceDesc0PART II-B, LINE 1:
IRS990ScheduleD/BoardDesignatedBalanceEOYPct01.00000
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0756032
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt04164
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0826638
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0106909
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt040467
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0681163
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt028989
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0756032
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt052680
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt06800
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0701298
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0798
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0681163
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-17323
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt03610
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0632333
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt067245
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0701298
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt028507
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt026787
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0582897
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt049436
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0632333
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ENDOWMENT FUNDS ARE USED TO FINANCIALLY SUPPORT THE FULLERTON, CALIFORNIA PUBLIC LIBRARY PROGRAMS AND FACILITIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt040467
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0SUPPORT OF THE PUBLIC LIBRARY'S ONGOING PROGRAMMING AND FACILITIES.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0FULLERTON PUBLIC LIBRARY
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0353 W COMMONWEALTH AVE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0FULLERTON
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0CA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd0928321710
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0A DESIGNATED COMMITTEE OF THE ORGANIZATION MONITORS THE INVESTMENT MANAGEMENT OF THE FUNDS WITH THE ASSISTANCE OF A PROFESSIONAL FINANCIAL ADVISOR. 5% OF THE YEAR END VALUE OF THE ENDOWMENT FUNDS IS GENERALLY PROVIDED AS A GRANT TO THE FULLERTON PUBLIC LIBRARY.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt01
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ALL COMMITTEES OF THE ORGANIZATION MUST SUBMIT RECOMMENDATIONS FOR APPROVAL OF THE BOARD OF DIRECTORS. NO COMMITTEE HAS AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION'S BOARD OF DIRECTORS REVIEWS AND APPROVES THE TAX RETURNS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION HAS ONE EMPLOYEE WHO ASSISTS WITH ADMINISTRATION OF THE ORGANIZATION. THE ORGANIZATION DOES NOT COMPENSATE ITS OFFICERS OR BOARD OF DIRECTORS. NO WRITTEN POLICY OR PROCEDURE FOR COMPENSATION IS MAINTAINED. HIRING IS APPROVED BY THE BOARD OF DIRECTORS WITH THE BEST INFORMATION AVAILABLE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL DOCUMENTS REQUIRED TO BE DISCLOSED BY THE ORGANIZATION ARE AVAILABLE UPON REQUEST AT THE OFFICES OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALL DOCUMENTS REQUIRED TO BE DISCLOSED BY THE ORGANIZATION ARE AVAILABLE UPON REQUEST AT THE OFFICES OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd01
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0770127
IRS990/TotalAssetsEOYAmt0835688
IRS990/TotalAssetsGrp/BOYAmt0770127
IRS990/TotalAssetsGrp/EOYAmt0835688
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt017315
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt013013
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt045650
IRS990/TotalFunctionalExpensesGrp/TotalAmt058663
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0770127
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0835688
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt045650
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt025811
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt043126
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0770127
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0835688
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0353 W COMMONWEALTH AVE
IRS990/USAddress/CityNm0FULLERTON
IRS990/USAddress/StateAbbreviationCd0CA

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