Louisville Free Public Library Foundatio

“Form 990 is thoroughly reviewed by the staff and the finance & audit committee. It is provided to the full board for their review and comment before it is filed with the irs.”

“Enforcement of conflicts policy annually, each board member, committee member and employee signs a conflict of interest disclosure affriming that they have received a copy of the conflicts of interest policy and has read and understands the policy. If a conflict should arise it is brought to the attention of the board chair or in case of the board chair, the executive committee who will then determine if additional action is necessary.”

“Compensation process for officers the executive director ensures that salary ranges for other key employees are reviewed at least annually, that all individual jobs are market priced periodically and that compensation adjustments for staff are administered in a fair and equitable manner. Annual compensation recommendations with the exception of the executive director are presented to the compensation committee by the executive director for their knowledge and review.”

“Form 990, part vi, line 15a -compensation process for top official the compensation committee, an ad hoc committee of the board of directors of the louisville free public library foundation, is charged with ensuring that the salary and benefits of the executive director are consistent, reasonable and equitable. This is done by reviewing market salary levels and benefits in similar nonprofit organizations on an annual basis and recommending to the board of directors, the salary and specific components of the total compensation package of the executive director. Form 990, part vi, line 19 - governing documents disclosure explanation all governing documents, policies, and audited financial statements as well as the form 1023 filed with the irs, are available from the organization upon request.”

“In fy25, the library foundation provided $3.9 million in direct program support for the louisville free public library (lfpl), which offers free, year-round programs and resources at 18 library locations. Ongoing programs that are underwritten, in part, by the library foundation range from early childhood education programs (storytime, 1000 books before kindergarten challenge, etc.), to act/sat preparation for teens to adult book discussion groups, author events, short courses on a variety of topics, immigrant services such as citizenship study groups and english conversation clubs, and workforce development tools and resources. With the support of the library foundation, lfpl offered annual events that included the how-to festival, summer reading, and the "books and brews" adult winter reading program. Patrons also had free access to computers, internet, and lfpl's online resources that include educational platforms such as linkedin learning. In fy25, the library foundation successfully granted funds to lfpl, allowing them to: implement the 2025 summer reading program, which helped 37,669 youth to read 400,000 books and engage in 1,600 programs provided by librarians for families across the lfpl system. Complete renovations and reopen the parkland and portland libraries. Begin construction at the historic main library and continue construction on the fern creek library. Through its one library, one louisville capital campaign, the library foundation provided over $3.1 million toward these capital projects. Grow the library's revolving collection and expand lfpl's "forever book" outreach initiative. A $225,000 anonymous gift provides 78,000 new books for children across 25 louisville zip codes. Launch a new mobile puppetry program based at the northeast regional library. This literature-based initiative will feature rotating puppet shows and hands-on storytelling workshops at branches and community spaces across louisville. Purchase 50 sensory kits designed for the neurodiverse youth, offering families hands-on, sensory-friendly tools that promote development, enrichment, and comfortable exploration both in the library and at home. The library foundation also continued its comprehensive advocacy and engagement with elected officials and local citizens and business to educate and inform them on the resources and many free services offered at the lfpl.”

“Agency funds - sfas 136 - expense included on 990 8,005. Agency funds - sfas 136 - income included on 990 -589,940.”