Civic Intelligence

The Los Altos Library Endowment

990 • Fiscal year 2017 • EIN 91-2100487

Jan 01, 2017 to Dec 31, 2017 • Filed on Mar 25, 2018

PO Box 367Los Altos, CA 94023

(650) 948-9054

Siviq Scores

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

Liabilities / Assets

7th percentile

0.00x

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

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

7th percentile

0.00x

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

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Net Margin

98th percentile

95%

Higher net margin than 98% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

20th percentile

$0

Higher top officer pay than 20% of similar nonprofits.

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

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Asset Growth

96th percentile

94%

Faster asset growth than 96% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

99th percentile

671%

Faster revenue growth than 99% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Assets

Up

$5,732,748

Up $2,777,677 (+94%) from 2016

Net Assets

Up

$5,732,748

Up $2,777,677 (+94%) from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue

Up

$2,176,877

Up $1,894,583 (+671%) from 2016

Expenses

Up

$110,163

Up $59,089 (+116%) from 2016

Net Income

Up

$2,066,714

Up $1,835,494 (+794%) from 2016

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0Assets 2010: $2,346,096Liabilities 2010: $0Net Assets 2010: $2,346,0962010Assets 2011: $2,286,369Liabilities 2011: $0Net Assets 2011: $2,286,3692011Assets 2012: $2,558,634Liabilities 2012: $0Net Assets 2012: $2,558,6342012Assets 2013: $2,957,151Liabilities 2013: $0Net Assets 2013: $2,957,1512013Assets 2014: $3,031,657Liabilities 2014: $0Net Assets 2014: $3,031,6572014Assets 2015: $2,958,333Liabilities 2015: $0Net Assets 2015: $2,958,3332015Assets 2016: $2,955,071Liabilities 2016: $0Net Assets 2016: $2,955,0712016Assets 2017: $5,732,748Liabilities 2017: $0Net Assets 2017: $5,732,7482017Assets 2018: $5,300,155Liabilities 2018: $0Net Assets 2018: $5,300,1552018Assets 2019: $6,280,037Liabilities 2019: $0Net Assets 2019: $6,280,0372019Assets 2020: $6,735,799Liabilities 2020: $0Net Assets 2020: $6,735,7992020Assets 2021: $7,720,692Liabilities 2021: $0Net Assets 2021: $7,720,6922021Assets 2022: $6,704,608Liabilities 2022: $0Net Assets 2022: $6,704,6082022Assets 2023: $7,504,606Liabilities 2023: $0Net Assets 2023: $7,504,6062023Assets 2024: $8,690,907Liabilities 2024: $0Net Assets 2024: $8,690,9072024

Highlighted filing

2017

Assets$5,732,748
Liabilities$0
Net Assets$5,732,748

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $37,9892010Revenue 2011: -$20,291Expenses 2011: $39,436Net Income 2011: -$59,7272011Expenses 2012: $38,2972012Revenue 2013: $400,239Expenses 2013: $51,672Net Income 2013: $348,5672013Revenue 2014: $178,679Expenses 2014: $104,321Net Income 2014: $74,3582014Revenue 2015: $104,087Expenses 2015: $46,314Net Income 2015: $57,7732015Revenue 2016: $282,294Expenses 2016: $51,074Net Income 2016: $231,2202016Revenue 2017: $2,176,877Expenses 2017: $110,163Net Income 2017: $2,066,7142017Revenue 2018: -$349,713Expenses 2018: $94,163Net Income 2018: -$443,8762018Revenue 2019: $247,931Expenses 2019: $87,472Net Income 2019: $160,4592019Revenue 2020: $205,219Expenses 2020: $46,535Net Income 2020: $158,6842020Revenue 2021: $312,944Expenses 2021: $101,649Net Income 2021: $211,2952021Revenue 2022: $98,468Expenses 2022: $176,888Net Income 2022: -$78,4202022Revenue 2023: $883,176Expenses 2023: $83,178Net Income 2023: $799,9982023Revenue 2024: $255,689Expenses 2024: $306,663Net Income 2024: -$50,9742024

Highlighted filing

2017

Revenue$2,176,877
Expenses$110,163
Net Income$2,066,714
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Mar 25, 2018
Return Version
2017v2.2
Gross Receipts
$2,176,877
Mission and Program Overview

Mission

See note 1

Provide financial support for los altos library branch of santa clara county library district including providing funds for a new library building in los altos.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$2,955,071$5,732,748▲ $2,777,677
Investments in Publicly Traded Securities$2,939,188$5,718,923▲ $2,779,735
Savings and Temporary Cash Investments$15,883$13,825▼ $2,058
Total Assets$2,955,071$5,732,748▲ $2,777,677
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,955,071$5,732,748▲ $2,777,677
Total Liabilities and Net Assets / Fund Balance$2,955,071$5,732,748▲ $2,777,677
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jim LaiInvestment Chair
Lenelle SmithMarketing Committee Chair
Mary PopekPresident
Ed MillerVice President
Bob SimonMember
Judy MitchellMember
Cindy HillMenber
Meg GerstnerSecretary
John GerichTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,033,671
Program Service Revenue
$0
Investment Income
$143,180
Other Revenue
$26
All Other Contributions
$2,033,671
Change in Net Assets
$2,066,714
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$106,360
Other Expenses$3,803
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$106,360--$106,360
Advertising$2,378$0$0$2,378
Office Expenses$1,425$0$0$1,425
Total Functional Expenses$110,163$0$0$110,163
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Los Altos Branch ofLos Altos, CA-Library Support$106,360
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
Yes
Audit committee
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
The Los Altos Library Endowment
EIN
91-2100487
Phone
6509489054
Address
PO Box 367, Los Altos, CA 94023

Signing Officer

Name
John Gerich
Title
Treasurer
Phone
6509489054
Signed
2018-03-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Marry Popek
Formed
1998
Legal Domicile
CA
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
35

Preparer

Firm
Frankenfield Tax Service
Address
401 WEBSTER STREET APT 507, PALO ALTO, CA 94301
Preparer
Chet Frankenfield
Phone
6502488253
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

The treasurer reviews the Form 990 with the tax preparer before filing. He then presents the document to the governing board.

Form 990EZ, Part I, Line 16

Post office Box

Form 990EZ, Part I, Line 16

Foundation Suppport Fee

Form 990EZ, Part II, Line 24

Investments

Raw XML Appendix357 raw XML fields

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/Form990PartVIISectionAGrp/TitleTxt0Member
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IRS990/Form990PartVIISectionAGrp/TitleTxt2Marketing Committee Chair
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IRS990/Form990PartVIISectionAGrp/TitleTxt4Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt5President
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IRS990ScheduleI/RecipientTable/RecipientEIN0946000533
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The treasurer reviews the Form 990 with the tax preparer before filing. He then presents the document to the governing board.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Foundation Suppport Fee
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Investments
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990EZ, Part II, Line 24
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IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02955071
IRS990/TotalAssetsEOYAmt05732748
IRS990/TotalAssetsGrp/BOYAmt02955071
IRS990/TotalAssetsGrp/EOYAmt05732748
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt02033671
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0110163
IRS990/TotalFunctionalExpensesGrp/TotalAmt0110163
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02955071
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt05732748
IRS990/TotalProgramServiceExpensesAmt0110163
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0143206
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02176877
IRS990/TotalVolunteersCnt035
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02955071
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt05732748
IRS990/TransactionWithControlEntInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0400 Raquel Lane
IRS990/USAddress/CityNm0Los Altos
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd094022
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0www.lalendow.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JOHN GERICH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum06509489054
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-03-25
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0The Los Altos Library Endowment
ReturnHeader/Filer/BusinessNameControlTxt0LOSA
ReturnHeader/Filer/EIN0912100487
ReturnHeader/Filer/PhoneNum06509489054
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 367
ReturnHeader/Filer/USAddress/CityNm0Los Altos
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd094023
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId063163752EBC2118355D9792C05B7E84A898775FB
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId063163752EBC2118355D9792C05B7E84A898775FB
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt073.241.170.230
ReturnHeader/FilingSecurityInformation/IPDt02018-08-07
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PD
ReturnHeader/FilingSecurityInformation/IPTm016:48:23
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0FRANKENFIELD TAX SERVICE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0401 WEBSTER STREET APT 507
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PALO ALTO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd094301
ReturnHeader/PreparerPersonGrp/PhoneNum06502488253
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CHET FRANKENFIELD
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02018-08-07T16:49:30-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

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.$8.69$0.00$8.69$0.26$0.31$0.05
2023Summary only. Only limited summary data is available for this year.$7.50$0.00$7.50$0.88$0.08$0.80
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.70$0.00$6.70$0.10$0.18$0.08
2021Summary only. Only limited summary data is available for this year.$7.72$0.00$7.72$0.31$0.10$0.21
2020Summary only. Only limited summary data is available for this year.$6.74$0.00$6.74$0.21$0.05$0.16
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.28$0.00$6.28$0.25$0.09$0.16
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.30$0.00$5.30$0.35$0.09$0.44
2017Detailed filing. Detailed filing data is available for this year.$5.73$0.00$5.73$2.18$0.11$2.07
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.96$0.00$2.96$0.28$0.05$0.23
2015Detailed filing. Detailed filing data is available for this year.$2.96$0.00$2.96$0.10$0.05$0.06
2014Detailed filing. Detailed filing data is available for this year.$3.03$0.00$3.03$0.18$0.10$0.07
2013Detailed filing. Detailed filing data is available for this year.$2.96$0.00$2.96$0.40$0.05$0.35
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.56$0.00$2.56$0.04
2011Summary only. Only limited summary data is available for this year.$2.29$0.00$2.29$0.02$0.04$0.06
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.35$0.00$2.35$0.04