Civic Intelligence

Long Beach Public Library Foundation

EIN 33-0698704 • 501(c)3 • Long Beach, CA

Profile

The long beach public library foundation provides support to enhance the long beach public library and encourages literacy and education for all members of the community.

200 W BroadwayLong Beach, CA 90802

www.lbplfoundation.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

12th percentile

0.00x

Higher debt load relative to assets than 12% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

13th percentile

0.02x

Higher debt load relative to revenue than 13% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

87th percentile

45%

Higher net margin than 87% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

70th percentile

12%

Faster asset growth than 70% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2024

Revenue Growth

92nd percentile

88%

Faster revenue growth than 92% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2024

Balance Sheet
Liabilities / Assets12th percentile

Assets

Up

$13,713,555

Up $2,367,207 (+21%) from 2023

Liabilities

Up

$63,600

Up $27,354 (+75%) from 2023

Net Assets

Up

$13,649,955

Up $2,339,853 (+21%) from 2023

Operations
Liabilities / Revenue13th percentileNet Margin87th percentile

Revenue

Up

$3,159,705

Up $1,885,856 (+148%) from 2023

Expenses

Up

$1,741,057

Up $280,229 (+19%) from 2023

Net Income

Up

$1,418,648

Up $1,605,627 (+859%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth70th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$15M$10M$5.0M$0Assets 2012: $3,778,750Liabilities 2012: $23,612Net Assets 2012: $3,755,1382012Assets 2013: $4,920,306Liabilities 2013: $23,987Net Assets 2013: $4,896,3192013Assets 2014: $6,321,408Liabilities 2014: $16,955Net Assets 2014: $6,304,4532014Assets 2015: $6,340,985Liabilities 2015: $10,774Net Assets 2015: $6,330,2112015Assets 2016: $7,335,100Liabilities 2016: $74,305Net Assets 2016: $7,260,7952016Assets 2017: $8,161,204Liabilities 2017: $34,271Net Assets 2017: $8,126,9332017Assets 2018: $9,151,084Liabilities 2018: $58,062Net Assets 2018: $9,093,0222018Assets 2019: $10,519,950Liabilities 2019: $28,243Net Assets 2019: $10,491,7072019Assets 2020: $12,688,271Liabilities 2020: $27,884Net Assets 2020: $12,660,3872020Assets 2021: $12,984,764Liabilities 2021: $64,762Net Assets 2021: $12,920,0022021Assets 2022: $10,849,859Liabilities 2022: $34,179Net Assets 2022: $10,815,6802022Assets 2023: $11,346,348Liabilities 2023: $36,246Net Assets 2023: $11,310,1022023Assets 2024: $13,713,555Liabilities 2024: $63,600Net Assets 2024: $13,649,9552024

Highlighted filing

2024

Assets$13,713,555
Liabilities$63,600
Net Assets$13,649,955
Open 2024 Filing

Operations Trend

Revenue Growth92nd percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$4.0M$2.0M$0-$2.0MExpenses 2012: $878,4042012Revenue 2013: $2,236,743Expenses 2013: $1,221,653Net Income 2013: $1,015,0902013Revenue 2014: $2,637,435Expenses 2014: $1,255,901Net Income 2014: $1,381,5342014Revenue 2015: $1,450,160Expenses 2015: $1,096,994Net Income 2015: $353,1662015Revenue 2016: $2,092,848Expenses 2016: $1,300,789Net Income 2016: $792,0592016Revenue 2017: $1,966,503Expenses 2017: $1,611,376Net Income 2017: $355,1272017Revenue 2018: $3,541,521Expenses 2018: $1,978,003Net Income 2018: $1,563,5182018Revenue 2019: $2,488,326Expenses 2019: $1,934,914Net Income 2019: $553,4122019Revenue 2020: $3,916,602Expenses 2020: $1,931,171Net Income 2020: $1,985,4312020Revenue 2021: $1,189,781Expenses 2021: $1,582,988Net Income 2021: -$393,2072021Revenue 2022: $891,510Expenses 2022: $1,615,744Net Income 2022: -$724,2342022Revenue 2023: $1,273,849Expenses 2023: $1,460,828Net Income 2023: -$186,9792023Revenue 2024: $3,159,705Expenses 2024: $1,741,057Net Income 2024: $1,418,6482024

Highlighted filing

2024

Revenue$3,159,705
Expenses$1,741,057
Net Income$1,418,648
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$13,713,555
Liabilities
$63,600
Net assets
$13,649,955
Revenue
$3,159,705
Expenses
$1,741,057
Net income
$1,418,648
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$13.7$0.06$13.6$3.16$1.74$1.42
2023Detailed filing. Detailed filing data is available for this year.$11.3$0.04$11.3$1.27$1.46$0.19
2022Detailed filing. Detailed filing data is available for this year.$10.8$0.03$10.8$0.89$1.62$0.72
2021Detailed filing. Detailed filing data is available for this year.$13.0$0.06$12.9$1.19$1.58$0.39
2020Detailed filing. Detailed filing data is available for this year.$12.7$0.03$12.7$3.92$1.93$1.99
2019Detailed filing. Detailed filing data is available for this year.$10.5$0.03$10.5$2.49$1.93$0.55
2018Detailed filing. Detailed filing data is available for this year.$9.15$0.06$9.09$3.54$1.98$1.56
2017Detailed filing. Detailed filing data is available for this year.$8.16$0.03$8.13$1.97$1.61$0.36
2016Detailed filing. Detailed filing data is available for this year.$7.34$0.07$7.26$2.09$1.30$0.79
2015Detailed filing. Detailed filing data is available for this year.$6.34$0.01$6.33$1.45$1.10$0.35
2014Detailed filing. Detailed filing data is available for this year.$6.32$0.02$6.30$2.64$1.26$1.38
2013Detailed filing. Detailed filing data is available for this year.$4.92$0.02$4.90$2.24$1.22$1.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.78$0.02$3.76$0.88
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Aug 6, 2025
Return Version
2024v5.2
Gross Receipts
$6,827,237
Mission and Program Overview

Mission

The long beach public library foundation provides support to enhance the long beach public library and encourages literacy and education for all members of the community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$9,283,711$11,549,608▲ $2,265,897
Cash and Non-Interest-Bearing Accounts$1,237,214$1,404,626▲ $167,412
Pledges and Grants Receivable$706,574$637,438▼ $69,136
Savings and Temporary Cash Investments$112,217$117,377▲ $5,160
Prepaid Expenses and Deferred Charges$2,562$2,458▼ $104
Land, Buildings, and Equipment, Net$3,039$2,048▼ $991
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$11,346,348$13,713,555▲ $2,367,207
Other Assets Total$1,031$0▼ $1,031
Liabilities
Accounts Payable and Accrued Expenses$35,235$63,600▲ $28,365
Other Liabilities$1,011--
Total Liabilities$36,246$63,600▲ $27,354
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$5,733,204$7,733,151▲ $1,999,947
Net Assets With Donor Restrictions$5,576,898$5,916,804▲ $339,906
Total Net Assets Fund Balance$11,310,102$13,649,955▲ $2,339,853
Total Liabilities and Net Assets / Fund Balance$11,346,348$13,713,555▲ $2,367,207

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,048$33,257$35,305
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseTotal
Veronia Garcia DavalosExecutive DirectorFT$165,190$165,190

Board Members and Trustees

NameTitle
Jeffrey CarrickAudit Chair
Sean ReillyPresident
John a Mathews IiPresident-Elect
Barbara E LongDirector
Carmen O PerezDirector
Celina LunaDirector
Charlyn BenderDirector
Danita Y HumphreyDirector
Gregory a ZinbergDirector
John J McginnisDirector
Julia HuangDirector
Margaret C DurninDirector
Olga ChavezDirector
Rolando CruzDirector
Ryan BallardDirector
Sharon L WeissmanDirector
Colleen a BentleySecretary
Theresa R MorrisonTreasurer
Elizabeth MunzerVP Fund Devlop
Diane AnglinVP Pub Affair
Revenue and Support

Revenue Composition

Contributions and Grants
$2,174,549
Program Service Revenue
$0
Investment Income
$985,156
Other Revenue
$0
All Other Contributions
$1,818,638
Change in Net Assets
$1,418,648

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,130,520
Revenue Not Reported on Financial Statements
$29,185
Revenue Not Reported on Form 990
$921,205
Total Revenue per Audited Statements
$4,051,725
Total Revenue per Form 990
$3,159,705
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,142,127
Salaries, Compensation, and Employee Benefits$598,930
Total Fundraising Expense$167,879
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$258,591$62,108$71,543$392,242
Current Officers, Directors, Trustees, and Key Employees$109,026$26,430$29,734$165,190
Office Expenses$2,708$30,525$21,529$54,762
Other Employee Benefits$4,621$27,724$9,153$41,498
Fees for Service Investment Mgmnt Fees-$29,185-$29,185
Occupancy$7,883$4,754$3,941$16,578
Other Expenses$291$8,984$848$9,832
All Other Expenses$22$3,757$4,927$8,706
Insurance-$6,538-$6,538
Depreciation Depletion-$991-$991
Total Functional Expenses$1,316,320$256,858$167,879$1,741,057

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,741,057
Expenses per Audited Statements$1,711,872
Total Expenses per Audited Statements$1,711,872
Expenses Not Reported on Financial Statements$29,185
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$208,121
Fundraising Gross Income$208,121
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Grape Expectations$546,153$208,121$208,121$0
Other$5,010---
Total Events$551,163$208,121$208,121-
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
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 4

“The board did a general review of the foundation's bylaws to ensure the bylaws were up to date. Most changes were for clarity or accuracy but significant policy changes included:1. Reducing required board meetings from eight per year to seven per year2. Adding legal guidance on virtual/digital votes3. Increasing the number of honorary positions allowed4. Doing away with the immediate past president and vp of programs officer positions5. Removing the board development committee member requirement6. Requiring a two-thirds vote instead of a majority vote for bylaw changes”

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

“A draft copy of the form 990 was provided to management and the board treasurer for its review before the final version was prepared by the auditors for signature and filing.”

Form 990, Part VI, Section B, Line 12C

“A conflict of interest policy is distributed and signed annually by all board members.”

Form 990, Part VI, Section B, Line 15A

“The bod treasurer and the executive committee are able to check with the non-profit partnership and the association of small foundations for comparable salary data. During the review process, the board president asks for feedback from all directors regarding compensation, and then documents the review, goals, score, and any increase in compensation.”

Form 990, Part VI, Section B, Line 15B

“The executive director works within the budget she is given.to determine the executive assistant's salary”

Form 990, Part VI, Section C, Line 19

“UPON REQUEST.”

Filing and Contact Details

Filer

Filer Name
Long Beach Public Library Foundation
EIN
33-0698704
Phone
5626282441
Address
200 W BROADWAY, LONG BEACH, CA 90802

Signing Officer

Name
Veronica Garcia Davalos
Title
Executive Director
Signed
2025-08-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Veronica Garcia Davalos
Formed
1996
Legal Domicile
CA
Voting Board Members
20
Independent Board Members
20
Employees
7
Volunteers
125

Preparer

Firm
GuzmanGray
Address
3200 Bristol St Ste 640, Costa Mesa, CA 92626
Preparer
John C Dahlin
Phone
5624980997
Supplemental Narrative

Financial Statement Notes

Part V, Line 4: Intended uses of the endowment fund.

“The Foundations endowment consists of several individual donor-restricted funds and board-designated funds established for a variety of purposes, including support for library books and materials, senior services, Family Learning Centers, and Foundation operations.”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0Literacy Support At All Levels and Tools For Success: THE FOUNDATIONS FUNDRAISING EFFORTS, GRANTS, AND ENDOWED FUNDS PROVIDE SUPPORT TO ENHANCE THE LONG BEACH PUBLIC LIBRARIES AND ENCOURAGE LITERACY AND EDUCATION FOR ALL MEMBERS OF THE COMMUNITY. THESE ENHANCEMENTS INCLUDE: FAMILY LEARNING CENTER PROGRAM: THE FAMILY LEARNING CENTER PROGRAM IS THE LIBRARY AND FOUNDATIONS FLAGSHIP PARTNERSHIP. LEARNING GUIDES ASSIST STUDENTS WITH HOMEWORK AND SCHOOL PROJECTS IN LANGUAGE ARTS, READING, MATH, SCIENCE, AND TECHNOLOGY. THEY PROVIDE GUIDANCE, OVERSIGHT, AND FREE ACCESS TO COMPUTERS, PRINTERS, AND ACADEMIC RESOURCES RECOMMENDED BY THE SCHOOL DISTRICT THAT SUPPORT CURRICULUM. LEARNING GUIDES ALSO WORK WITH THE STUDENTS PARENTS, WHENEVER AVAILABLE, TO ENGAGE THEM IN THE LEARNING PROCESS. THIS IS ONE OF THE CITYS BEST RESOURCES IN HELPING TO BRIDGE THE COMMUNITYS VAST DIGITAL DIVIDE AND PROVIDES FREE AFTER-SCHOOL HOMEWORK AND ACADEMIC ASSISTANCE TO STUDENTS, MANY OF WHOM COME FROM TITLE I SCHOOLS. THE FAMILY LEARNING CENTER ALSO SERVES AS AN ENTRY POINT TO CONNECT PATRONS WITH ADDITIONAL SERVICES. THE MAKERSPACE STUDIO: THE STUDIO IS A DIGITAL CREATIVITY LAB AT THE BILLIE JEAN KING MAIN LIBRARY AND MICHELLE OBAMA NEIGHBORHOOD LIBRARY WHICH INTEGRATES STEAM AND MAKERSPACE ACTIVITIES TO ENGAGE AND INSPIRE STUDENTS TO LEARN 21ST CENTURY SKILLS. THE STUDIO OFFERS FREE WORKSHOPS AND CLASSES ON CUTTING-EDGE TECHNOLOGIES, SUCH AS 3D PRINTERS, ROBOTICS, VIRTUAL REALITY, A BROAD COLLECTION OF DESIGN SOFTWARE AND ONLINE APPLICATIONS, AND VIDEO AND MUSIC EDITING SOFTWARE DESIGNED TO TEACH SCIENCE AND ENGINEERING SKILLS TO YOUTH. IN ADDITION, A MOBILE STUDIO ENABLES THE LIBRARY TO BRING THESE RESOURCES TO EACH OF ITS BRANCHES, AND TO SCHOOLS, PARKS AND RECREATION CENTERS, AND COMMUNITY ORGANIZATIONS. SUMMER READING PROGRAM: THE SUMMER READING PROGRAM IS DESIGNED TO ENCOURAGE YOUTH AND THEIR FAMILIES TO READ REGULARLY EACH DAY OVER SCHOOL BREAK TO PREVENT SUMMER SLIDE. COMMUNITY OUTREACH EVENTS THROUGH THE LONG BEACH DEPARTMENT OF PARKS AND RECREATION ARE DESIGNED TO ENGAGE CHILDREN WHO ARE NOT ALREADY COMING INTO THE LIBRARY. DICTIONARY DAYS: THROUGH THE DICTIONARY DAYS PROGRAM, THE LIBRARY FOUNDATION PURCHASES AND DISTRIBUTES A DICTIONARY/THESAURUS TO EVERY 3RD GRADER (TYPICALLY BETWEEN 5,000 6,000) IN THE LONG BEACH UNIFIED SCHOOL DISTRICT. SEVERAL CHILDREN HAVE SHARED THAT THESE DICTIONARIES ARE THE FIRST BOOK THEY HAVE EVER OWNED.DIVE INTO READING: DIVE INTO READING IS THE LONG BEACH PUBLIC LIBRARYS 1,000 BOOKS BEFORE KINDERGARTEN PROGRAM. THIS IS A SIMPLE ENDEAVOR TO ENCOURAGE PARENTS TO READ WITH THEIR CHILDREN, WITH THE GOAL OF READING 1,000 BOOKS BEFORE KINDERGARTEN. THE PROGRAM WORKS WITH FAMILIES ONE-ON-ONE TO KEEP READING. THE SINGLE MOST SIGNIFICANT FACTOR INFLUENCING A CHILDS EARLY EDUCATIONAL SUCCESS IS AN INTRODUCTION TO BOOKS AND BEING READ TO AT HOME TO DEVELOP VOCABULARY PRIOR TO BEGINNING SCHOOL.CAREER ONLINE HIGH SCHOOL: THE FOUNDATION PROVIDES SCHOLARSHIPS FOR CAREER ONLINE HIGH SCHOOL WHICH PROVIDES LONG BEACH ADULTS WITH A SECOND CHANCE FOR FREE AT RECEIVING AN ACCREDITED HIGH SCHOOL DIPLOMA AND A CREDENTIALED CAREER CERTIFICATE. THIS PROGRAM HELPS TO PREPARE LONG BEACH CITIZENS TO OBTAIN EMPLOYMENT AND PROVIDE A STABLE HOME FOR THEIR CHILDREN.LB READS: A BRAND-NEW ADULT LITERACY PROGRAM, LB READS, WAS LAUNCHED IN JUNE OF 2019. READING TUTORS PROVIDE YEAR-ROUND, ONE-ON-ONE LITERACY LESSONS THAT AIM TO HELP ENGLISH SPEAKING ADULTS IMPROVE THEIR READING AND WRITING SKILLS SO THEY CAN REACH THEIR POTENTIAL AS WORKERS, PARENTS, COMMUNITY MEMBERS, AND LIFELONG LEARNERS.SENIOR SERVICES: IN ADDITION TO WORKSHOPS DESIGNED TO SUPPORT THE NEEDS OF OLDER ADULTS SUCH AS INTERNET SAFETY, THE HOMEBOUND READER PROGRAM ALLOWS LIBRARY PATRONS WHO ARE UNABLE TO LEAVE THEIR HOMES THE OPPORTUNITY TO HAVE PERSONALLY SELECTED BOOKS AND MATERIALS DELIVERED TO THEIR PLACE OF RESIDENCE. BOOKS, MATERIALS, AND ONLINE RESOURCES: HUNDREDS OF NEW BOOKS ARE
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