Civic Intelligence

Greater Largo Library Foundation Inc

EIN 59-2794507 • 501(c)3 • Largo, FL

Profile

To support the Largo Public Library through cultivating funding resources and advocating for the Library to enhance innovative library services for the community's educational and social enrichment.

120 Central Park DrLargo, FL 33771

gllf.org

Siviq Scores

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

Liabilities / Assets

23rd percentile

0.00x

Higher debt load relative to assets than 23% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

29th percentile

0.01x

Higher debt load relative to revenue than 29% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Net Margin

93rd percentile

65%

Higher net margin than 93% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

Score unavailable

No value available

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

Asset Growth

65th percentile

10%

Faster asset growth than 65% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

21st percentile

-10%

Faster revenue growth than 21% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Assets

Up

$4,216,837

Up $385,268 (+10%) from 2024

Liabilities

Up

$6,209

Up $4,092 (+193%) from 2024

Net Assets

Up

$4,210,628

Up $381,176 (+10.0%) from 2024

Revenue

Down

$585,355

Down $65,820 (-10%) from 2024

Expenses

Up

$204,179

Up $25,615 (+14%) from 2024

Net Income

Down

$381,176

Down $91,435 (-19%) from 2024

Trend Graphs

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2011: $908,538Liabilities 2011: $18,667Net Assets 2011: $889,8712011Assets 2012: $1,071,538Liabilities 2012: $15,924Net Assets 2012: $1,055,6142012Assets 2013: $1,188,891Liabilities 2013: $20,643Net Assets 2013: $1,168,2482013Assets 2014: $1,301,254Liabilities 2014: $17,663Net Assets 2014: $1,283,5912014Assets 2015: $1,306,318Liabilities 2015: $18,147Net Assets 2015: $1,288,1712015Assets 2016: $1,415,558Liabilities 2016: $19,923Net Assets 2016: $1,395,6352016Assets 2017: $1,724,560Liabilities 2017: $0Net Assets 2017: $1,724,5602017Assets 2018: $1,739,571Liabilities 2018: $0Net Assets 2018: $1,739,5712018Assets 2019: $1,929,731Liabilities 2019: $3,068Net Assets 2019: $1,926,6632019Assets 2020: $2,019,951Liabilities 2020: $77,006Net Assets 2020: $1,942,9452020Assets 2021: $2,297,356Liabilities 2021: $3,468Net Assets 2021: $2,293,8882021Assets 2022: $1,887,278Liabilities 2022: $53,968Net Assets 2022: $1,833,3102022Assets 2023: $3,398,703Liabilities 2023: $41,862Net Assets 2023: $3,356,8412023Assets 2024: $3,831,569Liabilities 2024: $2,117Net Assets 2024: $3,829,4522024Assets 2025: $4,216,837Liabilities 2025: $6,209Net Assets 2025: $4,210,6282025

Highlighted filing

2025

Assets$4,216,837
Liabilities$6,209
Net Assets$4,210,628

Operations Trend

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

$2.0M$1.0M$0-$1.0MRevenue 2011: $143,997Expenses 2011: $112,913Net Income 2011: $31,0842011Revenue 2012: $151,737Expenses 2012: $99,756Net Income 2012: $51,9812012Revenue 2013: $161,161Expenses 2013: $115,921Net Income 2013: $45,2402013Revenue 2014: $213,262Expenses 2014: $113,094Net Income 2014: $100,1682014Revenue 2015: $211,875Expenses 2015: $145,554Net Income 2015: $66,3212015Revenue 2016: $199,715Expenses 2016: $163,726Net Income 2016: $35,9892016Revenue 2017: $334,524Expenses 2017: $88,280Net Income 2017: $246,2442017Revenue 2018: $157,124Expenses 2018: $142,113Net Income 2018: $15,0112018Revenue 2019: $514,505Expenses 2019: $327,415Net Income 2019: $187,0902019Revenue 2020: $180,810Expenses 2020: $164,528Net Income 2020: $16,2822020Revenue 2021: $481,294Expenses 2021: $130,351Net Income 2021: $350,9432021Revenue 2022: $283,550Expenses 2022: $744,128Net Income 2022: -$460,5782022Revenue 2023: $1,757,838Expenses 2023: $234,307Net Income 2023: $1,523,5312023Revenue 2024: $651,175Expenses 2024: $178,564Net Income 2024: $472,6112024Revenue 2025: $585,355Expenses 2025: $204,179Net Income 2025: $381,1762025

Highlighted filing

2025

Revenue$585,355
Expenses$204,179
Net Income$381,176

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$4.22$0.01$4.21$0.59$0.20$0.38
2024Detailed filing. Detailed filing data is available for this year.$3.83$0.00$3.83$0.65$0.18$0.47
2023Detailed filing. Detailed filing data is available for this year.$3.40$0.04$3.36$1.76$0.23$1.52
2022Detailed filing. Detailed filing data is available for this year.$1.89$0.05$1.83$0.28$0.74$0.46
2021Detailed filing. Detailed filing data is available for this year.$2.30$0.00$2.29$0.48$0.13$0.35
2020Detailed filing. Detailed filing data is available for this year.$2.02$0.08$1.94$0.18$0.16$0.02
2019Detailed filing. Detailed filing data is available for this year.$1.93$0.00$1.93$0.51$0.33$0.19
2018Detailed filing. Detailed filing data is available for this year.$1.74$0.00$1.74$0.16$0.14$0.02
2017Summary only. Only limited summary data is available for this year.$1.72$0.00$1.72$0.33$0.09$0.25
2016Summary only. Only limited summary data is available for this year.$1.42$0.02$1.40$0.20$0.16$0.04
2015Summary only. Only limited summary data is available for this year.$1.31$0.02$1.29$0.21$0.15$0.07
2014Summary only. Only limited summary data is available for this year.$1.30$0.02$1.28$0.21$0.11$0.10
2013Summary only. Only limited summary data is available for this year.$1.19$0.02$1.17$0.16$0.12$0.05
2012Summary only. Only limited summary data is available for this year.$1.07$0.02$1.06$0.15$0.10$0.05
2011Summary only. Only limited summary data is available for this year.$0.91$0.02$0.89$0.14$0.11$0.03
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2024 to Sep 30, 2025
Signed
Nov 19, 2025
Return Version
2024v5.2
Gross Receipts
$586,867
Mission and Program Overview

Mission

To support the Largo Public Library through cultivating funding resources and advocating for the Library to enhance innovative library services for the community's educational and social enrichment.

To support the Largo Public Library through cultivating funding resources and advocating for the enhancement of innovative library services for the communitys educational and social enrichment.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$3,782,661$4,166,539▲ $383,878
Cash and Non-Interest-Bearing Accounts$44,709$45,588▲ $879
Prepaid Expenses and Deferred Charges$4,030$4,541▲ $511
Savings and Temporary Cash Investments$169$169→ $0
Total Assets$3,831,569$4,216,837▲ $385,268
Liabilities
Accounts Payable and Accrued Expenses$2,117$6,209▲ $4,092
Total Liabilities$2,117$6,209▲ $4,092
Net Assets / Fund Balance
Net Assets With Donor Restrictions$939,149$3,084,557▲ $2,145,408
Net Assets Without Donor Restrictions$2,890,303$1,126,071▼ $1,764,232
Total Net Assets Fund Balance$3,829,452$4,210,628▲ $381,176
Total Liabilities and Net Assets / Fund Balance$3,831,569$4,216,837▲ $385,268

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$2,182,830-▲ $223,942-$2,384,874
2023$1,784,513-▲ $417,982-$2,182,830
2022$1,549,149-▲ $251,878-$1,784,513
2021$66,978$1,882,142▼ $399,971-$1,549,149
2020$66,978---$66,978
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Elliott RakofskyFoundation DirectorPT$58,881$58,881

Board Members and Trustees

NameTitle
Laurie BuncePresident
Pat BellVice President
Amy TitusBoard member
Ben WileyBoard member
Deborah SchulerBoard member
Gail SorensenBoard member
John PlopperBoard member
Kyle SasserBoard member
Margaret FaulknerBoard member
Nate CoccoBoard member
Robin KatchukBoard member
Deborah DyerSecretary
Andrea HartmannTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$292,126
Program Service Revenue
$0
Investment Income
$290,966
Other Revenue
$2,263
All Other Contributions
$292,126
Change in Net Assets
$381,176
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$87,848
Salaries, Compensation, and Employee Benefits$59,074
Other Expenses$57,257
Total Fundraising Expense$28,510
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$55,948--$55,948
Current Officers, Directors, Trustees, and Key Employees$0$32,953$21,968$54,921
Grants to Domestic Individuals$31,900--$31,900
All Other Expenses$8,723$4,668$787$14,178
Fees for Services Accounting$0$7,392$0$7,392
Information Technology$0$3,265$3,475$6,740
Payroll Taxes$0$2,492$1,661$4,153
Insurance$0$2,754$0$2,754
Fees for Services Other$2,400$0$0$2,400
Other Expenses$0$0$619$619
Total Functional Expenses$122,145$53,524$28,510$204,179
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
City of LargoLargo, FLGovtbookmobile$55,948
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$3,070
Fundraising Direct Expenses$1,260
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 35% controlled entity
No
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
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
Filing and Contact Details

Filer

Filer Name
Greater Largo Library Foundation Inc
EIN
59-2794507
Phone
7275867398
Address
120 Central Park Dr, Largo, FL 33771

Signing Officer

Name
Elliott Rakofsky
Title
Foundation Director
Phone
7275867398
Signed
2025-11-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Elliott Rakofsky
Formed
1987
Legal Domicile
Fl
Voting Board Members
13
Independent Board Members
13
Employees
1
Volunteers
10

Preparer

Firm
Ellen Fontana CPA LLC
Address
2451 Mcmullen Booth Road 309, Clearwater, FL 33759
Preparer
Ellen Fontana
Phone
7274310354
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

The Organization emails a copy of the Form 990 to the Board for review prior to filing.

Pt VI, Line 15A

Foundation Director salary is set by the Board of Directors based on comparable data for comparable organizations of size and nature.

Pt VI, Line 15B

No other key employees or compensation officers.

Pt VI, Line 18

Form 1023 and Form 990 available upon request. 990 also available on Guidestar.

Pt VI, Line 19

Governing documents, conflict of interest policy, and financial statements are available to the public upon request.

Other

Part III Statement of Program Service Accomplishments: The Mission of the Greater Largo Library Foundation is to support the Largo Public Library through cultivating funding resources and advocating for the enhancement of innovative library services for the communitys educational and social enrichment. During the fiscal year, the Foundation has accomplished the following successes. The home delivery community outreach vehicle continues to provide door-to-door delivery of library materials that have been requested by patrons who are unable to access the bookmobile or the library. The bookmobile continues to meet the needs of library patrons (children and adults) who are unable to physically come to the library. The Free to Read Fund, a new initiative dedicated to expanding access to books and resources for everyone in our community. The fund sustained through community donations will help fill important gaps in the Largo Public Librarys collections, based on the needs and requests of our patrons. The Greater Largo Library Foundation continues to maintain the Community Butterfly Garden with donor, located in the courtyard of the Largo Public Library with donor support. The garden provides library patrons with an enhanced area to read, relax, and learn about plants and butterflies. Continued services/programs include English Language Learning Program, Citizenship Classes and Career Online High School scholarships play a crucial role in promoting lifelong learning for patrons. Students who graduate from Largo Public Librarys Career Online High School and enroll in college/trade school are eligible to receive grants from the Foundation. Ongoing support continues for mobility scooters, story porch listening stations for children, and bookshelves in the children area.

Financial Statement Notes

Pt V, Line 4

Endowment is for the furtherance of the Organizations mission. Interest is used for operations.

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IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt055948
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IRS990/GrantsToIndividualsInd0true
IRS990/GrantsToOrganizationsInd0true
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IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt03475
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt03265
IRS990/InformationTechnologyGrp/ProgramServicesAmt00
IRS990/InformationTechnologyGrp/TotalAmt06740
IRS990/InsuranceGrp/FundraisingAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt02754
IRS990/InsuranceGrp/ProgramServicesAmt00
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IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0To support the Largo Public Library through cultivating funding resources and advocating for the enhancement of innovative library services for the communitys educational and social enrichment.
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IRS990/NetIncomeOrLossGrp/ExclusionAmt0453
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IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherExpensesGrp/Desc0Library projects
IRS990/OtherExpensesGrp/Desc1Library garden
IRS990/OtherExpensesGrp/Desc2Refugee baskets
IRS990/OtherExpensesGrp/Desc3Library bricks
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/FundraisingAmt3619
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt20
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt30
IRS990/OtherExpensesGrp/ProgramServicesAmt010016
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IRS990/OtherExpensesGrp/ProgramServicesAmt2278
IRS990/OtherExpensesGrp/ProgramServicesAmt30
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IRS990/OtherExpensesGrp/TotalAmt2278
IRS990/OtherExpensesGrp/TotalAmt3619
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IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02492
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IRS990/PrincipalOfficerNm0Elliott Rakofsky
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Other Income Part III, Line 12 Description: Credit card rebate 2020: 2. 2022: 250. Description: Miscellaneous 2021: 375. 2022: 173.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Pt III Ln 12
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt01581310
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0192712
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0183948
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0176105
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt089853
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0293375
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt05169
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IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt02
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0193322
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0189117
IRS990ScheduleA/Total509Grp/TotalAmt02374106
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03761141
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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
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IRS990/ScheduleBRequiredInd0true
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IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0true
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Endowment is for the furtherance of the Organizations mission. Interest is used for operations.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt V, Line 4
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt026
IRS990ScheduleI/RecipientTable/CashGrantAmt055948
IRS990ScheduleI/RecipientTable/IRCSectionDesc0Govt
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0bookmobile

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