Civic Intelligence

The San Jose Public Library Foundation

990 • Fiscal year 2023 • EIN 77-0142379

Jan 01, 2023 to Dec 31, 2023 • Filed on Aug 15, 2024

PO Box 611540San Jose, CA 95161-1540

(408) 808-2174

Siviq Scores

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

Liabilities / Assets

30th percentile

0.06x

Higher debt load relative to assets than 30% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

38th percentile

0.15x

Higher debt load relative to revenue than 38% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Net Margin

26th percentile

-5.0%

Higher net margin than 26% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

56th percentile

$198,045

Higher top officer pay than 56% of similar nonprofits.

Top officer pay equals 3.2% of source-year revenue.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Asset Growth

31st percentile

0.3%

Faster asset growth than 31% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

6th percentile

-51%

Faster revenue growth than 6% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Assets

Up

$16,617,956

Up $55,845 (+0.3%) from 2022

Net Assets

Down

$15,691,895

Down $46,512 (-0.3%) from 2022

Liabilities

Up

$926,061

Up $102,357 (+12%) from 2022

Revenue

Down

$6,175,965

Down $6,343,141 (-51%) from 2022

Expenses

Up

$6,485,194

Up $850,092 (+15%) from 2022

Net Income

Down

-$309,229

Down $7,193,233 (-104%) from 2022

Historical Trend

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2011: $662,590Liabilities 2011: $18,536Net Assets 2011: $644,0542011Assets 2012: $772,788Liabilities 2012: $111,381Net Assets 2012: $661,4072012Assets 2013: $710,496Liabilities 2013: $127,237Net Assets 2013: $583,2592013Assets 2014: $627,099Liabilities 2014: $34,294Net Assets 2014: $592,8052014Assets 2015: $759,229Liabilities 2015: $122,839Net Assets 2015: $636,3902015Assets 2016: $510,033Liabilities 2016: $31,632Net Assets 2016: $478,4012016Assets 2017: $793,075Liabilities 2017: $27,268Net Assets 2017: $765,8072017Assets 2018: $3,454,265Liabilities 2018: $407,158Net Assets 2018: $3,047,1072018Assets 2019: $4,335,982Liabilities 2019: $1,303,431Net Assets 2019: $3,032,5512019Assets 2020: $6,766,319Liabilities 2020: $1,224,453Net Assets 2020: $5,541,8662020Assets 2021: $11,266,259Liabilities 2021: $1,988,513Net Assets 2021: $9,277,7462021Assets 2022: $16,562,111Liabilities 2022: $823,704Net Assets 2022: $15,738,4072022Assets 2023: $16,617,956Liabilities 2023: $926,061Net Assets 2023: $15,691,8952023Assets 2024: $9,555,349Liabilities 2024: $944,882Net Assets 2024: $8,610,4672024

Highlighted filing

2023

Assets$16,617,956
Liabilities$926,061
Net Assets$15,691,895

Operations Trend

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

$20M$10M$0-$10MRevenue 2011: $358,974Expenses 2011: $486,275Net Income 2011: -$127,3012011Revenue 2012: $703,494Expenses 2012: $686,141Net Income 2012: $17,3532012Revenue 2013: $420,540Expenses 2013: $498,688Net Income 2013: -$78,1482013Revenue 2014: $468,015Expenses 2014: $455,504Net Income 2014: $12,5112014Revenue 2015: $621,523Expenses 2015: $578,035Net Income 2015: $43,4882015Revenue 2016: $594,135Expenses 2016: $751,862Net Income 2016: -$157,7272016Revenue 2017: $649,542Expenses 2017: $362,137Net Income 2017: $287,4052017Revenue 2018: $4,060,003Expenses 2018: $1,778,703Net Income 2018: $2,281,3002018Revenue 2019: $2,778,092Expenses 2019: $2,802,600Net Income 2019: -$24,5082019Revenue 2020: $5,384,659Expenses 2020: $2,930,665Net Income 2020: $2,453,9942020Revenue 2021: $7,329,963Expenses 2021: $3,556,967Net Income 2021: $3,772,9962021Revenue 2022: $12,519,106Expenses 2022: $5,635,102Net Income 2022: $6,884,0042022Revenue 2023: $6,175,965Expenses 2023: $6,485,194Net Income 2023: -$309,2292023Revenue 2024: $5,966,101Expenses 2024: $13,072,199Net Income 2024: -$7,106,0982024

Highlighted filing

2023

Revenue$6,175,965
Expenses$6,485,194
Net Income-$309,229
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Aug 15, 2024
Return Version
2023v5.0
Gross Receipts
$12,039,122
Mission and Program Overview

Mission

The foundation provides advocacy, financial support, and leadership to our public libraries and educational programs throughout san jose to create an educated, equitable, and engaged community.

The san jos public library foundation supports educational programs and resources through the public library, schools, and community-based organizations, to create an educated, equitable, empowered and engaged community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$14,059,363$13,685,402▼ $373,961
Cash and Non-Interest-Bearing Accounts$1,936,714$2,346,218▲ $409,504
Pledges and Grants Receivable$532,458$519,635▼ $12,823
Prepaid Expenses and Deferred Charges$33,576$29,848▼ $3,728
Accounts Receivable-$27,213-
Intangible Assets-$9,640-
Total Assets$16,562,111$16,617,956▲ $55,845
Liabilities
Grants Payable$630,511$757,675▲ $127,164
Accounts Payable and Accrued Expenses$193,193$168,386▼ $24,807
Total Liabilities$823,704$926,061▲ $102,357
Net Assets / Fund Balance
Net Assets With Donor Restrictions$14,798,395$14,487,677▼ $310,718
Net Assets Without Donor Restrictions$940,012$1,204,218▲ $264,206
Total Net Assets Fund Balance$15,738,407$15,691,895▼ $46,512
Total Liabilities and Net Assets / Fund Balance$16,562,111$16,617,956▲ $55,845

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$1,352$1,352

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$842,437-▲ $127,208-$969,645
2022$1,003,832-▼ $155,188-$842,437
2021$601,969$361,031▲ $46,549-$1,003,832
2020$101,000$446,011▲ $57,957-$601,969
2019-$101,000--$101,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dawn CoppinCEOFT$186,625$11,420$198,045
Elizabeth ChittyHighly CompFT$138,533$11,313$149,846
Jodie PulliamHighly CompFT$114,190$11,898$126,088
Revenue and Support

Revenue Composition

Contributions and Grants
$5,679,684
Program Service Revenue
$0
Investment Income
$496,281
Other Revenue
$0
All Other Contributions
$3,053,184
Change in Net Assets
$-309,229

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table2$31,885Acquisition Value
Total Noncash Contributions2$31,885-

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,085,795
Revenue Not Reported on Financial Statements
$90,170
Revenue Not Reported on Form 990
$288,318
Total Revenue per Audited Statements
$6,374,113
Total Revenue per Form 990
$6,175,965
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$2,837,504
Salaries, Compensation, and Employee Benefits$2,622,246
Other Expenses$1,025,444
Total Fundraising Expense$333,067
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$2,660,054--$2,660,054
Other Salaries and Wages$1,357,841$477,109$190,845$2,025,795
Payroll Taxes$164,636$43,026$17,210$224,872
Current Officers, Directors, Trustees, and Key Employees$132,746$46,643$18,657$198,046
Grants to Domestic Individuals$177,450--$177,450
Other Employee Benefits$84,228$63,790$25,515$173,533
Office Expenses$53,624$30,614$6,803$91,041
Fees for Service Investment Mgmnt Fees$30,057$30,057$30,057$90,171
Travel$18,966$9,917$2,203$31,086
Advertising$1,616-$21,450$23,066
Conferences and Meetings$7,970$7,970$1,689$17,629
All Other Expenses$16,461--$16,461
Insurance$7,395$5,468$1,215$14,078
Other Expenses$67,386$15,174$12,125$12,125
Total Functional Expenses$5,259,237$892,890$333,067$6,485,194

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$6,485,194
Total Expenses per Audited Statements$6,430,784
Expenses per Audited Statements$6,395,024
Expenses Not Reported on Financial Statements$90,170
Expenses Not Reported on Form 990$35,760
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
San Jose Public LibrarySan Jose, CAGovEducate$868,499
Franklin-mckinley School DistrictSan Jose, CAGovEngage$306,000
Luther Burbank School DistrictSan Jose, CAGovEngage$260,000
San Jose Public LibrarySan Jose, CAGovEngage$256,935
Alum Rock School DistrictSan Jose, CAGovEngage$240,000
San Jose Public LibrarySan Jose, CAGovEmpower$152,645
Step UpSan Jose, CA501c3Empower$92,750
Sacred Heart Community ServiceSan Jose, CA501c3Empower$89,250
Catholic Charities of Sc CountySan Jose, CA501c3Empower$82,750
SourcewiseSanta Clara, CA501c3Empower$80,900
Tech ExchangeSan Jose, CA501c3Empower$73,850
Campbell Union School DistrictCampbell, CAGovEngage$64,000
International Rescue CommitteeSan Jose, CA501c3Empower$24,850
Silicon Valley Education FoundationSan Jose, CA501cEmpower$22,750
IcanMilpitas, CA501c3Empower$22,300
Vietnamese Volunteer FoundationSan Jose, CA501c3Empower$22,050
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
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
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

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The tax return is prepared by a certified public accountant then reviewed by the executive director, audit committee, and the board of directors for approval.

Form 990, Page 6, Part VI, Line 12C

All officers/directors are required to disclose potential conflicts prior to becoming a board member and are required to disclose any potential conflicts as they arise while serving on the board.

Form 990, Page 6, Part VI, Line 15A

The eds compensation is determined by the board of directors. The compensation package was developed by reviewing market surveys which provided compensation ranges based on comparable non-profit organizations, location, organization size and the eds responsibility level. The board also took into consideration the following: relationship of the ed's compensation to the compensation of other employees, the complexity of the organization and its size, the job duties of the ed, the individuals salary history, and the value of the service capacity of the ed to the organization.

Form 990, Page 6, Part VI, Line 19

The organization makes its governing documents available to the public through its website or directly upon request.

Filing and Contact Details

Filer

Filer Name
San Jose Public Library Foundation
EIN
77-0142379
Phone
4088082174
Address
PO BOX 611540, SAN JOSE, CA 95161-1540

Signing Officer

Name
Stephanie Birondo
Title
Member
Phone
4088082174
Signed
2024-08-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Scott Whelton
Formed
1987
Legal Domicile
CA
Voting Board Members
16
Independent Board Members
16
Employees
54
Volunteers
25

Preparer

Firm
Chavan & Associates Llp
Address
15105 CONCORD CIRCLE SUITE 130, MORGAN HILL, CA 95037
Preparer
Sheldon Chavan
Phone
4082178749
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The san jos public library foundation supports educational programs and resources through the public library, schools, and community-based organizations, to create an educated, equitable, empowered and engaged community.

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

The purpose of the pat dando legacy endowment fund (the fund) is to support childrens programs, resources, and materials at the almaden branch of the san jose public library. Children are defined as being age birth to 14 years old. All direct childrens program costs, including materials, supplies, equipment, program personnel, capital projects, renovations, communications, may be paid by the fund.

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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.56$0.94$8.61$5.97$13.1$7.11
2023Detailed filing. Detailed filing data is available for this year.$16.6$0.93$15.7$6.18$6.49$0.31
2022Detailed filing. Detailed filing data is available for this year.$16.6$0.82$15.7$12.5$5.64$6.88
2021Detailed filing. Detailed filing data is available for this year.$11.3$1.99$9.28$7.33$3.56$3.77
2020Detailed filing. Detailed filing data is available for this year.$6.77$1.22$5.54$5.38$2.93$2.45
2019Detailed filing. Detailed filing data is available for this year.$4.34$1.30$3.03$2.78$2.80$0.02
2018Detailed filing. Detailed filing data is available for this year.$3.45$0.41$3.05$4.06$1.78$2.28
2017Detailed filing. Detailed filing data is available for this year.$0.79$0.03$0.77$0.65$0.36$0.29
2016Detailed filing. Detailed filing data is available for this year.$0.51$0.03$0.48$0.59$0.75$0.16
2015Detailed filing. Detailed filing data is available for this year.$0.76$0.12$0.64$0.62$0.58$0.04
2014Summary only. Only limited summary data is available for this year.$0.63$0.03$0.59$0.47$0.46$0.01
2013Summary only. Only limited summary data is available for this year.$0.71$0.13$0.58$0.42$0.50$0.08
2012Summary only. Only limited summary data is available for this year.$0.77$0.11$0.66$0.70$0.69$0.02
2011Summary only. Only limited summary data is available for this year.$0.66$0.02$0.64$0.36$0.49$0.13