Friends of the Fallbrook Library

“All persons, businesses and organizations interested in the purpose and intent of this corporation and who are willing to provide support to these objectives shall be eligible for membership in the friends of fallbrook library. These persons, businesses and organizations shall become eligible to become members upon payment of dues. Each paid membership shall be entitled to one vote per voting procedure at each properly convened general business meeting of the corporation. This voting right is restricted to meeting attendance. Board members consist of at least 17 members including the officer - directors. The term of office is two years. Directors and officers are elected by a majority vote of those members present and voting at the annual meeting.”

“Each member is entitled to one vote per voting procedure at each properly convened general business meeting. This voting right is restricted to meeting attendance.”

“Members have the right to vote on decisions made by the governing body.”

“A copy of form 990 is given to each board member. Further in-depth review is done by audit committee. The audit committee consists of the president, treasuer and two board members.”

“Any member of the friends of fallbrook library (fofl) board of directors who has a direct or indirect financial interest, through business, investment, or family, must disclose the financial interest so that the fofl board may decide if a conflict of interest exists. Each fofl board member shall annually sign a statement, which affirms such person: 1. Has recieved a copy of the conflict of interest policy, 2. Has read and understands the policy, 3. Has agreed to comply with the policy, and 4. Understands that fofl is a charitable organization and in order to maintain its federal tax exemption it must engage primarily in activities, which accomplish one or more of its tax-exempt purposes. If the governing board has reasonable cause to believe a conflict has not been disclosed it will ask for an explaination by the party involved and then vote. If conflict is found, member will be asked to resign.”

“Forms 990 and 1023 are made available to the public upon request.”

“The sole purpose of this corporation shall be the enrichment and enhancement of the fallbrook branch of the san diego county library and to assist the function of this cultural facility in any manner deemed beneficial by this corporation.”

“19 unpaid officers and board of directors and approximately 123 bottom shelf volunteers.”

“Adult books 4,684 0 0 health & fitness all ages 4,525 0 0 teen programs 4,247 0 0 1st grade at the library 4,229 0 0 childrens' books 3,604 0 0 library maintenace 2,431 0 0 visiting art 2,220 0 0 adult accoustic showcase 1,785 0 0 programs for hispanics 1,554 0 0 teens books & crafts 1,530 0 0 newsletter 1,369 0 0 writer's workshop 992 0 0 lecture series 900 0 0 treasurer 0 853 0 supplies 577 0 0 website 0 555 0 av tech 434 0 0 president's expenses 0 162 0 organizational dues 0 125 0 storage facility fees 0 124 0 annual meeting exp 0 120 0 total 35,081 1,939 0”

“Unrealized gain on investments with edward jones 44,421”