Civic Intelligence

Library Foundation Inc. Serving the People of Multnomah County

990 • Fiscal year 2021 • EIN 93-1190983

Jul 01, 2020 to Jun 30, 2021 • Filed on Nov 08, 2021

Organization Profilewww.libraryfoundation.org

View Organization Page

620 SW Fifth Avenue No 1025Portland, OR 97204

(503) 223-4008

Siviq Scores

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

Liabilities / Assets

22nd percentile

0.03x

Higher debt load relative to assets than 22% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Liabilities / Revenue

37th percentile

0.17x

Higher debt load relative to revenue than 37% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Net Margin

85th percentile

47%

Higher net margin than 85% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Top Officer Pay

34th percentile

$187,969

Higher top officer pay than 34% of similar nonprofits.

Top officer pay equals 4.2% of source-year revenue.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Asset Growth

78th percentile

24%

Faster asset growth than 78% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2020 to 2021

Revenue Growth

88th percentile

92%

Faster revenue growth than 88% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets22nd percentile

Assets

Up

$25,042,267

Up $4,836,025 (+24%) from 2020

Net Assets

Up

$24,280,153

Up $4,666,144 (+24%) from 2020

Liabilities

Up

$762,114

Up $169,881 (+29%) from 2020

Revenue And Expenses
Liabilities / Revenue37th percentileNet Margin85th percentile

Revenue

Up

$4,510,589

Up $2,160,061 (+92%) from 2020

Expenses

Down

$2,397,782

Down $22,252 (-0.9%) from 2020

Net Income

Up

$2,112,807

Up $2,182,313 (+3140%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth78th percentile

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

$30M$20M$10M$0Assets 2011: $17,313,071Liabilities 2011: $323,855Net Assets 2011: $16,989,2162011Assets 2012: $16,675,774Liabilities 2012: $301,073Net Assets 2012: $16,374,7012012Assets 2013: $17,499,913Liabilities 2013: $275,860Net Assets 2013: $17,224,0532013Assets 2014: $18,502,950Liabilities 2014: $227,184Net Assets 2014: $18,275,7662014Assets 2015: $18,849,894Liabilities 2015: $215,747Net Assets 2015: $18,634,1472015Assets 2016: $18,105,490Liabilities 2016: $243,413Net Assets 2016: $17,862,0772016Assets 2017: $19,184,781Liabilities 2017: $258,317Net Assets 2017: $18,926,4642017Assets 2018: $20,167,613Liabilities 2018: $308,051Net Assets 2018: $19,859,5622018Assets 2019: $20,442,092Liabilities 2019: $382,611Net Assets 2019: $20,059,4812019Assets 2020: $20,206,242Liabilities 2020: $592,233Net Assets 2020: $19,614,0092020Assets 2021: $25,042,267Liabilities 2021: $762,114Net Assets 2021: $24,280,1532021Assets 2022: $22,669,861Liabilities 2022: $677,598Net Assets 2022: $21,992,2632022Assets 2023: $26,409,312Liabilities 2023: $866,559Net Assets 2023: $25,542,7532023Assets 2024: $27,687,284Liabilities 2024: $1,306,405Net Assets 2024: $26,380,8792024Assets 2025: $28,892,350Liabilities 2025: $943,955Net Assets 2025: $27,948,3952025

Highlighted filing

2021

Assets$25,042,267
Liabilities$762,114
Net Assets$24,280,153
Open 2021 Filing

Operations Trend

Revenue Growth88th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $2,173,2132011Expenses 2012: $2,332,7352012Revenue 2013: $1,908,873Expenses 2013: $2,195,632Net Income 2013: -$286,7592013Revenue 2014: $2,724,834Expenses 2014: $2,284,130Net Income 2014: $440,7042014Revenue 2015: $3,795,549Expenses 2015: $2,831,352Net Income 2015: $964,1972015Revenue 2016: $2,768,371Expenses 2016: $2,374,686Net Income 2016: $393,6852016Revenue 2017: $2,173,382Expenses 2017: $2,569,779Net Income 2017: -$396,3972017Revenue 2018: $2,671,712Expenses 2018: $2,530,889Net Income 2018: $140,8232018Revenue 2019: $2,723,565Expenses 2019: $2,658,721Net Income 2019: $64,8442019Revenue 2020: $2,350,528Expenses 2020: $2,420,034Net Income 2020: -$69,5062020Revenue 2021: $4,510,589Expenses 2021: $2,397,782Net Income 2021: $2,112,8072021Revenue 2022: $3,134,177Expenses 2022: $2,534,244Net Income 2022: $599,9332022Revenue 2023: $4,774,861Expenses 2023: $2,489,118Net Income 2023: $2,285,7432023Revenue 2024: $2,966,805Expenses 2024: $3,828,557Net Income 2024: -$861,7522024Revenue 2025: $3,452,198Expenses 2025: $4,045,994Net Income 2025: -$593,7962025

Highlighted filing

2021

Revenue$4,510,589
Expenses$2,397,782
Net Income$2,112,807
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Nov 8, 2021
Return Version
2020v4.1
Gross Receipts
$11,423,189
Mission and Program Overview

Mission

The Library Foundation enhances our library's leadership, innovation and reach, helping Multnomah County Library address emerging community needs, and sustain a strong library system. Gifts, large and small, from individuals, foundations and businesses make this work possible.

To enhance Multnomah County Library's innovative work and strengthen our library system.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$16,508,649$20,282,059▲ $3,773,410
Investments Other Securities$2,471,527$3,453,781▲ $982,254
Pledges and Grants Receivable$542,774$649,974▲ $107,200
Cash and Non-Interest-Bearing Accounts$648,435$608,848▼ $39,587
Prepaid Expenses and Deferred Charges$26,743$43,261▲ $16,518
Land, Buildings, and Equipment, Net$8,114$4,344▼ $3,770
Total Assets$20,206,242$25,042,267▲ $4,836,025
Liabilities
Grants Payable$271,414$473,468▲ $202,054
Accounts Payable and Accrued Expenses$203,713$284,752▲ $81,039
Other Liabilities$117,106$3,894▼ $113,212
Total Liabilities$592,233$762,114▲ $169,881
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$9,610,281$12,680,963▲ $3,070,682
Net Assets With Donor Restrictions$10,003,728$11,599,190▲ $1,595,462
Total Net Assets Fund Balance$19,614,009$24,280,153▲ $4,666,144
Total Liabilities and Net Assets / Fund Balance$20,206,242$25,042,267▲ $4,836,025

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$4,344$53,011$57,355
Other Securities$3,227,479--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$15,466,646$580,324▲ $4,168,944$758,575$19,457,339
2019$16,080,700$245,554▲ $175,275$1,034,883$15,466,646
2018$15,972,369$464,751▲ $219,544$575,964$16,080,700
2017$14,855,126$809,684▲ $1,146,916$839,357$15,972,369
2016$13,903,956$288,010▲ $1,486,985$823,825$14,855,126
Compensation and Service Providers
Top Officer Pay34th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Merris SumrallCEOFT$145,000$42,969$187,969

Board Members and Trustees

NameTitle
Eva KripalaniChair, trustee
David L VernierVice Chair, trustee
Paul J Kelly JrSecretary, trustee
Kori AllenTreasurer, trustee
Akeem WilliamsTrustee
Anne JarvisTrustee
Bradley ThiesTrustee
David BlountTrustee
Dilip RatnamTrustee
Ed EpsteinTrustee
Emily V KarrTrustee
Jean JosephsonTrustee
Jeff SchererTrustee
Julie BallTrustee
Kristin CollinsTrustee
Peter GalenTrustee
Rene GonzalezTrustee
Richelle T LutherTrustee
Shiau Yen Chin-DennisTrustee
Sonya WhiteTrustee
Wendy WrayTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$2,344,745
Program Service Revenue
$0
Investment Income
$2,165,489
Other Revenue
$355
All Other Contributions
$2,231,845
Change in Net Assets
$2,112,807

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table21,000$171,311Determined by donors
Total Noncash Contributions21,000$171,311-

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,469,536
Revenue Not Reported on Financial Statements
$41,053
Revenue Not Reported on Form 990
$2,580,242
Total Revenue per Audited Statements
$7,049,778
Total Revenue per Form 990
$4,510,589
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,255,585
Salaries, Compensation, and Employee Benefits$595,520
Other Expenses$546,677
Total Fundraising Expense$70,476
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,255,585--$1,255,585
Other Salaries and Wages$215,547$65,060$22,028$302,635
Fees for Services Lobbying$216,375--$216,375
Current Officers, Directors, Trustees, and Key Employees$133,606$40,327$13,654$187,587
Office Expenses$75,049$20,978$12,110$108,137
Occupancy$42,785$18,736$5,910$67,431
Other Employee Benefits$33,691$10,169$3,443$47,303
Fees for Services Accounting-$46,790-$46,790
Fees for Services Other$32,377$4,911$7,744$45,032
Fees for Service Investment Mgmnt Fees-$41,053-$41,053
Payroll Taxes$26,600$8,029$2,718$37,347
Pension Plan Contributions$14,706$4,439$1,503$20,648
Information Technology$5,866$2,573$677$9,116
Insurance$1,226$3,889$142$5,257
Depreciation Depletion$2,426$1,064$280$3,770
Other Expenses$2,314$120$267$120
Total Functional Expenses$2,058,153$269,153$70,476$2,397,782

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$2,397,782
Total Expenses per Audited Statements$2,383,634
Expenses per Audited Statements$2,356,729
Expenses Not Reported on Financial Statements$41,053
Expenses Not Reported on Form 990$26,905
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Multnomah County LibraryPortland, OR-To support collections and programs of Multnomah County Library.$1,084,274
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
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Gift Annuity Payable$3,894
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
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 2

“Yes, several trustees have attorney/client relationships and financial/investment management relationships with other trustees.”

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

“Approximately one week prior to filing, the draft Form 990 will be sent electronically to all trustees, with an email calling their attention to portions of the form most likely to be read by the public and funders on Guidestar. In addition, representatives of the board, appointed by the board chair, will review and discuss, either in person, via telephone/video conference, or via email, the draft in advance of filing.”

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

“Each director, principal officer, member of a committee with board-delegated powers, key employee shall annually sign a statement which affirms that such person: (1) has received a copy of the conflict of interest policy; (2) has read and understands the policy; (3) agrees to comply with the policy; (4) understands that the policy applies to all committees and subcommittees having board-delegated powers; and (5) understands that the foundation is a charitable organization that must engage in activities that accomplish one or more of its tax-exempt purposes to maintain its exempt status.”

Form 990, Part VI, Section B, line 15

“In 2021, board leadership conducted a CEO evaluation, with the results presented to the Board of Trustees by the Board Chair. Trustees also completed an annual board evaluation that obtains feedback from trustees on the organization's work, the board's stewardship, fiscal oversight and strength of operations.”

Form 990, Part VI, Section C, line 19

“The organization's governing documents, conflict of interest policy, and financial statements may be made available upon request. Such requests are considered on a case by case basis.”

Filing and Contact Details

Filer

Filer Name
The Library Foundation
EIN
93-1190983
Phone
5032234008
Address
620 SW Fifth Avenue No 1025, Portland, OR 97204

Signing Officer

Name
Merris Sumrall
Title
Chief Executive Officer
Phone
5032234008
Signed
2021-11-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Merris Sumrall
Formed
1995
Legal Domicile
Or
Voting Board Members
21
Independent Board Members
21
Employees
8
Volunteers
21

Preparer

Firm
McDonald Jacobs PC
Address
520 SW Yamhill St Ste 500, Portland, OR 97204
Preparer
Sang Ahn
Phone
5032270581
Supplemental Narrative

Additional Explanations

Form 990, Part XI, line 9:

“Change in Value of Perpetual Trust 109,741.”

Form 990, Part XII, Line 2C

“This process has not changed from the prior year.”

Financial Statement Notes

Part V, Line 4:

“Board-designated quasi-endowment: As of June 30, 2021, The Library Foundation Board of Trustees held $12,100,100 of net assets without donor restrictions, received as bequests without donor restrictions, as a quasi-endowment fund. This fund supports foundation activities, including support for Multnomah County Library, and pays for a portion of foundation operations. Permanent endowment: Funds designated by donors as endowment funds are held in perpetuity. The income generated from investment of permanently restricted endowment funds is managed by The Library Foundation and is used in accordance with the donor's wishes to fulfill commitments to Multnomah County Library. The Library Foundation disburses these funds in accordance with the board-approved spending policy.”

Part X, Line 2:

“The foundation follows the provisions of FASB ASC Topic Accounting for Uncertainty in Income Taxes. Management has evaluated the foundation's tax positions and concluded that there are no uncertain tax positions that require adjustment to the financial statements to comply with provisions of this Topic.”

Part XI, Line 2D - Other Adjustments:

“Change in Value of Perpetual Trust 109,741.”

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IRS990/Desc0School-age literacy programs reached students in 7 school districts with books and programs that cement reading skills and academic success, counteracting the effects of a difficult year. Summer Reading engaged 89,000 babies, children and teens with a fun interactive game. Library Connect connected 50,000 students to library services, including online resources, homework help and tutoring support. STEAM Home Learning Kits reached 12,000 students with hands-on learning kits that support academic achievement. More than 22,000 children's books and e-books in 5 languages went to tens of thousands of children through outreach work and the circulating collection.
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IRS990/Form990PartVIISectionAGrp/PersonNm4Julie Ball
IRS990/Form990PartVIISectionAGrp/PersonNm5David Blount
IRS990/Form990PartVIISectionAGrp/PersonNm6Shiau Yen Chin-Dennis
IRS990/Form990PartVIISectionAGrp/PersonNm7Kristin Collins
IRS990/Form990PartVIISectionAGrp/PersonNm8Ed Epstein
IRS990/Form990PartVIISectionAGrp/PersonNm9Peter Galen
IRS990/Form990PartVIISectionAGrp/PersonNm10Rene Gonzalez
IRS990/Form990PartVIISectionAGrp/PersonNm11Anne Jarvis
IRS990/Form990PartVIISectionAGrp/PersonNm12Jean Josephson
IRS990/Form990PartVIISectionAGrp/PersonNm13Emily V Karr
IRS990/Form990PartVIISectionAGrp/PersonNm14Richelle T Luther
IRS990/Form990PartVIISectionAGrp/PersonNm15Dilip Ratnam
IRS990/Form990PartVIISectionAGrp/PersonNm16Jeff Scherer
IRS990/Form990PartVIISectionAGrp/PersonNm17Bradley Thies
IRS990/Form990PartVIISectionAGrp/PersonNm18Sonya White
IRS990/Form990PartVIISectionAGrp/PersonNm19Akeem Williams
IRS990/Form990PartVIISectionAGrp/PersonNm20Wendy Wray
IRS990/Form990PartVIISectionAGrp/PersonNm21Merris Sumrall
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt200
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt210
IRS990/Form990PartVIISectionAGrp/TitleTxt0Chair, trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice Chair, trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt2Secretary, trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt3Treasurer, trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt4Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt5Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt6Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt7Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt8Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt9Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt10Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt11Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt12Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt13Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt14Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt15Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt16Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt17Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt18Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt19Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt20Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt21CEO
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IRS990/FormationYr01995
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IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt01842706
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt021
IRS990/GovernmentGrantsAmt0112900
IRS990/GrantAmt0685598
IRS990/GrantsPayableGrp/BOYAmt0271414
IRS990/GrantsPayableGrp/EOYAmt0473468
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt01255585
IRS990/GrantsToDomesticOrgsGrp/TotalAmt01255585
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt08755306
IRS990/GrossReceiptsAmt011423189
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt021
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt0677
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt02573
IRS990/InformationTechnologyGrp/ProgramServicesAmt05866
IRS990/InformationTechnologyGrp/TotalAmt09116
IRS990/InsuranceGrp/FundraisingAmt0142
IRS990/InsuranceGrp/ManagementAndGeneralAmt03889
IRS990/InsuranceGrp/ProgramServicesAmt01226
IRS990/InsuranceGrp/TotalAmt05257
IRS990/InvestmentIncomeGrp/ExclusionAmt0322783
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0322783
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt02471527
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt03453781
IRS990/InvestmentsPubTradedSecGrp/BOYAmt016508649
IRS990/InvestmentsPubTradedSecGrp/EOYAmt020282059
IRS990/IRPDocumentCnt09
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt053011
IRS990/LandBldgEquipBasisNetGrp/BOYAmt08114
IRS990/LandBldgEquipBasisNetGrp/EOYAmt04344
IRS990/LandBldgEquipCostOrOtherBssAmt057355
IRS990/LegalDomicileStateCd0OR
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt06912600
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd01
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0The Library Foundation strengthens our community and creates a bright future for children by supporting, expanding and advocating for Multnomah County Library's innovative and groundbreaking work. Gifts, large and small, make this work possible.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt019614009
IRS990/NetAssetsOrFundBalancesEOYAmt024280153
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt01842706
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt01842706
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt02443596
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt09610281
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt012680963
IRS990/NoncashContributionsAmt0171311
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt05910
IRS990/OccupancyGrp/ManagementAndGeneralAmt018736
IRS990/OccupancyGrp/ProgramServicesAmt042785
IRS990/OccupancyGrp/TotalAmt067431
IRS990/OfficeExpensesGrp/FundraisingAmt012110
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt020978
IRS990/OfficeExpensesGrp/ProgramServicesAmt075049
IRS990/OfficeExpensesGrp/TotalAmt0108137
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt0109741
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt03443
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt010169
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt033691
IRS990/OtherEmployeeBenefitsGrp/TotalAmt047303
IRS990/OtherExpensesGrp/Desc0Research and Developmen
IRS990/OtherExpensesGrp/Desc1Reporting Fees
IRS990/OtherExpensesGrp/FundraisingAmt0267
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01015
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1120
IRS990/OtherExpensesGrp/ProgramServicesAmt02314
IRS990/OtherExpensesGrp/TotalAmt03596
IRS990/OtherExpensesGrp/TotalAmt1120
IRS990/OtherLiabilitiesGrp/BOYAmt0117106
IRS990/OtherLiabilitiesGrp/EOYAmt03894
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0Miscellaneous Income
IRS990/OtherRevenueMiscGrp/ExclusionAmt0355
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0355
IRS990/OtherRevenueTotalAmt0355
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt022028
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt065060
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0215547
IRS990/OtherSalariesAndWagesGrp/TotalAmt0302635
IRS990/OtherWebsiteInd0X
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt02718
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt08029
IRS990/PayrollTaxesGrp/ProgramServicesAmt026600
IRS990/PayrollTaxesGrp/TotalAmt037347
IRS990/PensionPlanContributionsGrp/FundraisingAmt01503
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt04439
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt014706
IRS990/PensionPlanContributionsGrp/TotalAmt020648
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IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0649974
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt043261
IRS990/PrincipalOfficerNm0Merris Sumrall
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0Early literacy programs that motivate families to read together reached 80,000 babies, young children and parents. Books, parent education, engagement with librarians and motivational storytimes enabled parents to become their child's first, best and most permanent teacher. Every Child A Reader reached 25,000 young children and parents, sending books home in up to 20 languages, educating parents, and motivating families to read together. The WIC partnership reached 9,000 low income moms and children with literacy education. Dia de los Nios engaged 10,000 children and parents with bilingual literacy programs. The New Parent Program sent 5,000 newborns and parents home from the hospital with literacy education and an introduction to library services. Virtual storytimes reached 30,000 children and parents at home.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0432462
IRS990/ProgSrvcAccomActy2Grp/GrantAmt0432462
IRS990/ProgSrvcAccomActy3Grp/Desc0Lifelong learning programs, workshops and pioneering virtual events reached more than 20,000 people of all ages last year. Children and adults were able to access free virtual arts, cultural and humanities programs. Everybody Reads, a community-wide reading program, reached students by bringing books, curriculum and engaging discussions to 25 middle and high schools and youth organizations, transforming how students experience reading, writing, and the written word. Seniors and adults also participated in Everybody Reads including online programming and book discussion groups.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt066499
IRS990/ProgSrvcAccomActy3Grp/GrantAmt066499
IRS990/ProgSrvcAccomActyOtherGrp/Desc0Other expenses include staff time and program services for library programs, communications and activities ($581,143). Support for library collections ($71,026) and advocacy efforts for strong public support for the library are also included in this category ($221,425).
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt0873594
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt071026
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01722641
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt01163918
IRS990/PYInvestmentIncomeAmt0626865
IRS990/PYOtherExpensesAmt0609366
IRS990/PYOtherRevenueAmt01022
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-69506
IRS990/PYSalariesCompEmpBnftPaidAmt0629297
IRS990/PYTotalExpensesAmt02420034
IRS990/PYTotalProfFndrsngExpnsAmt017453
IRS990/PYTotalRevenueAmt02350528
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt02112807
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$25,042,267
Liabilities
$762,114
Net assets
$24,280,153
Revenue
$4,510,589
Expenses
$2,397,782
Net income
$2,112,807
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$28.9$0.94$27.9$3.45$4.05$0.59
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$27.7$1.31$26.4$2.97$3.83$0.86
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$26.4$0.87$25.5$4.77$2.49$2.29
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$22.7$0.68$22.0$3.13$2.53$0.60
2021Detailed filing. Detailed filing data is available for this year.$25.0$0.76$24.3$4.51$2.40$2.11
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.2$0.59$19.6$2.35$2.42$0.07
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.4$0.38$20.1$2.72$2.66$0.06
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$20.2$0.31$19.9$2.67$2.53$0.14
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$19.2$0.26$18.9$2.17$2.57$0.40
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$18.1$0.24$17.9$2.77$2.37$0.39
2015Detailed filing. Detailed filing data is available for this year.$18.8$0.22$18.6$3.80$2.83$0.96
2014Detailed filing. Detailed filing data is available for this year.$18.5$0.23$18.3$2.72$2.28$0.44
2013Summary only. Only limited summary data is available for this year.$17.5$0.28$17.2$1.91$2.20$0.29
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.7$0.30$16.4$2.33
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.3$0.32$17.0$2.17