Walnut Creek Library Foundation in Walnut Creek, California (CA)

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Walnut Creek Library Foundation
Employer Identification Number (EIN)943312473
Name of OrganizationWalnut Creek Library Foundation
In Care of NameBlanding Boyer & Rockwell Llp
AddressPO BOX 4979, Walnut Creek, CA 94596-0979
SubsectionEducational Organization
Ruling Date07/1999
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$1,000,000 to $4,999,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$1,280,105
Amount of Income$262,236
Form 990 Revenue Amount$222,605
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities: Fund Raising and/or Fund Distribution


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Amount of income in 2013: $262,236 (it was $249,701 in 2012)
This organization: 

 $262,236
Other organizations performing similar types of work: 

 $66,972

Assets in 2013: $1,280,105 (it was $1,179,576 in 2012)
This organization: 

 $1,280,105
Other organizations performing similar types of work: 

 $164,649

Expenses in 2013: $210,490
Walnut Creek Library Foundation: 

 $210,490
Other organizations performing similar types of work: 

 $64,294

Income to expenses ratio in 2013: 1.2
Walnut Creek Library Foundation: 

 1.2
Other organizations performing similar types of work: 

 1.3

Grants share in income in 2013: 83.1%
This organization: 

 83.1%
Other organizations performing similar types of work: 

 67.4%

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Functional expenses for 2013

Support schedule

Checklist
20122013
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?YesYes
Is the organization required to complete Schedule B, Schedule of Contributors?YesYes
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?NoNo
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?NoNo
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?NoNo
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?NoNo
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?NoNo
Did the organization maintain collections of works of art, historical treasures, or other similar assets?NoNo
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?NoNo
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?YesYes
Did the organization report an amount for land, buildings, and equipment?NoNo
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?NoNo
Did the organization report an amount for investments-program related that is 5% or more of its total assets?NoNo
Did the organization report an amount for other assets that is 5% or more of its total assets?NoNo
Did the organization report an amount for other liabilities?YesYes
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?NoNo
Did the organization obtain separate, independent audited financial statements for the tax year?NoNo
Was the organization included in consolidated, independent audited financial statements for the tax year?NoNo
Is the organization a school described in section 170(b)(1)(A)(ii)?NoNo
Did the organization maintain an office, employees, or agents outside of the United States?NoNo
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?NoNo
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?NoNo
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?NoNo
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?NoNo
Did the organization report more than $15,000 total of fundraising event gross income and contributions?NoYes
Did the organization report more than $15,000 of gross income from gaming activities?NoNo
Did the organization operate one or more hospital facilities?NoNo
Did the organization attach a copy of its audited financial statements?NoNo
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?YesYes
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?NoNo
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?NoNo
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?NoNo
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?NoNo
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?NoNo
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?NoNo
Did the organization engage in an excess benefit transaction with a disqualified person during the year?NoNo
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?NoNo
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?NoNo
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?NoNo
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?NoNo
A family member of a current or former officer, director, trustee, or key employee?NoNo
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?NoNo
Did the organization receive more than $25,000 in non-cash contributions?NoNo
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?NoNo
Did the organization liquidate, terminate, or dissolve and cease operations?NoNo
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?NoNo
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?NoNo
Was the organization related to any tax-exempt or taxable entity?NoNo
Did the organization have a controlled entity within the meaning of section 512(b)(13)?NoNo
Did the organization make any transfers to an exempt non-charitable related organization?NoNo
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?NoNo
Statements Regarding Other IRS Filings and Tax Compliance
2010201120122013
The number reported in Box 3 of Form 1096739
The number of Forms W-2G000
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?YesYesYes
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return111
Did the organization file all required federal employment tax returns?YesYesYes
Did the organization have unrelated business gross income of $1,000 or more during the year?NoNoNoNo
Has it filed a Form 990-T for this year?NoNoNo
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?NoNoNo
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?NoNoNo
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?NoNoNo
Did the organization file Form 8886-T?NoNoNo
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?NoNoNo
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?NoNoNo
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?YesYesYes
Did the organization notify the donor of the value of the goods or services provided?YesYesYes
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?NoNoNo
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNoNo
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNoNo
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?NoNoNo
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?NoNoNo
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?NoNoNo
Did the sponsoring organization make any taxable distributions under section 4966?NoNoNo
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?NoNoNo
Initiation fees and capital contributions$0$0$0$0
Gross receipts for public use of club facilities $0$0$0$0
Gross income from members or shareholders$0$0$0$0
Gross income from other sources$0$0$0$0
Is the organization filing Form 990 in lieu of Form 1041?NoNoNo
The amount of tax-exempt interest received or accrued during the year$0$0$0
Is the organization licensed to issue qualified health plans in more than one state?NoNoNo
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans$0$0$0
The amount of reserves on hand$0$0$0
Did the organization receive any payments for indoor tanning services during the tax year?NoNoNo
Has it filed a Form 720 to report these payments?NoNoNo
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
20122013
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization$0$0
Total reportable compensation from related organizations$0$0
Total estimated amount of other compensation from the organization and related organizations$0$0
Total number of individuals who received more than $100,000 of reportable compensation from the organization00
Total number of independent contractors who received more than $100,000 of compensation from the organization00
Statement of Revenue
2010201120122013
Total revenue$515,519$169,222$213,101$222,605
Contributions, Gifts, Grants and Other Similar Amounts$435,188$149,184$165,447$185,071
Program Service Revenue$3,350$16,269$0$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$6,107$2,961$6,709$20,929
Income from investment of tax-exempt bond proceeds$0$0$0$0
Royalties$0$0$0$0
Net rental income$0$0$0$0
Net gain/loss from sales of assets other than inventory$83$0$-1,857$-8,287
Gross amount from sales of assets other than inventory (Securities / Other)$83 / $0$0 / $0$0 / $0$0 / $0
Less: cost or other basis and sales expenses (Securities / Other)$0 / $0$0 / $0$1,857 / $0$8,287 / $0
Gain or (loss) (Securities / Other)$83 / $0$0 / $0$-1,857 / $0$-8,287 / $0
Net income/loss from fundraising events$70,791$800$42,802$24,892
Gross income from fundraising events$70,791$800$77,545$56,236
Less: direct expenses$0$0$34,743$31,344
Net income/loss from gaming activities$0$0$0$0
Net income/loss from sales of inventory$0$0$0$0
Miscellaneous Revenue$0$0$0$0
Statement of Functional Expenses
2010201120122013
Total functional expenses$2,715,269$1,219,171$161,295$210,490
Grants and other assistance to domestic organizations and domestic governments$1,000,000$0$14,391
Grants and other assistance to domestic individuals$0$0$0
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals$0$0$0
Benefits paid to or for members$0$0$0
Compensation of current officers, directors, trustees, and key employees$0$0$0$0
Compensation not included above, to disqualified persons$0$0$0
Other salaries and wages$96,946$71,678$74,100$72,235
Pension plan accruals and contributions$0$0$0
Other employee benefits$5,780$0$4,528
Payroll taxes$14,593$5,483$9,973$5,526
Fees for services (non-employees)
Management$0$0$0
Legal$0$0$0
Accounting$6,000$6,100$3,275
Lobbying$0$0$0
Professional fundraising services$0$0$0$0
Investment management fees$0$0$9,844
Other$16,020$8,094$19,687
Advertising and promotion$0$0$0
Office expenses$2,611$1,577$1,730
Information technology$0$0$0
Royalties$0$0$0
Occupancy$1,002$1,080$1,176
Travel$0$0$0
Payments of travel or entertainment expenses for any federal, state, or local public officials$0$0$0
Conferences, conventions, and meetings$0$0$0
Interest$0$0$0
Payments to affiliates$0$0$0
Depreciation, depletion, and amortization$0$0$0
Insurance$2,680$2,852$3,191
Other expenses$59,428$39,355$27,222
Other expenses$36,855$8,797$20,000
Other expenses$8,819$4,128$9,352
Other expenses$2,110$3,967$7,427
Other expenses$0$0$10,906
Balance Sheet
2010201120122013
Total assets$2,145,965$1,106,826$1,179,576$1,280,105
Cash - non-interest-bearing$98,977$47,778$267,458
Savings and temporary cash investments$883,682$1,098,471$245,842
Pledges and grants receivable, net$96,304$32,474$18,564
Accounts receivable, net$8,284$0$0
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees$0$0$0
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations$0$0$0
Notes and loans receivable, net$0$0$0
Inventories for sale or use$0$0$0
Prepaid expenses and deferred charges$3,110$853$8,110
Land, buildings, and equipment: cost or other basis$0$0$0
Investments - publicly traded securities$0$0$740,131
Investments - other securities$0$0$0
Investments - program-related$0$0$0
Intangible assets$0$0$0
Other assets$16,469$0$0
Total liabilities$3,429$14,239$22,746$45,321
Accounts payable and accrued expenses$0$1,139$21
Grants payable$0$0$0
Deferred revenue$11,100$19,500$44,400
Tax-exempt bond liabilities$0$0$0$0
Escrow or custodial account liability$0$0$0
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons$0$0$0
Secured mortgages and notes payable to unrelated third parties$0$0$0$0
Unsecured notes and loans payable to unrelated third parties$0$0$0$0
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)$3,139$2,107$900
Total net assets or fund balances$2,142,536$1,092,587$1,156,830$1,234,784
Unrestricted net assets$260,573$321,391$305,451
Temporarily restricted net assets$510,468$139,441$111,934
Permanently restricted net assets$321,546$695,998$817,399
Capital stock or trust principal, or current funds$0$0$0
Paid-in or capital surplus, or land, building, or equipment fund$0$0$0
Retained earnings, endowment, accumulated income, or other funds$0$0$0$0
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013)
2009 - 2013 Total
Public Support$293,095
Subtotal Support$1,474,932
Gifts, grants, contributions, and membership fees received$1,474,932
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support$1,181,837
Total Support$1,540,065
Public Support$1,474,932
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$65,133
Net income from unrelated business activities, whether or not the business is regularly carried on$0
Other income. Do not include gain or loss from the sale of capital assets$0
Gross receipts from related activities, etc.$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Shared Knowledge Literacy Foundation8161 Mechanicsville Tnpk, Mechanicsville, VA 23111VA2009-06$1,474,399
2Abbott Library FoundationPo Box 66, Sunapee, NH 03782NH2011-12$541,722
3Library Foundation For Sarasota County Inc4780 Cattlemen Rd, Sarasota, FL 34233-5038FL2012-05$331,741
4Walnut Creek Library FoundationPO BOX 4979, Walnut Creek, CA 94596-0979CA1999-07$262,236
5Tulare County Library Foundation200 W Oak Ave, Visalia, CA 93291-4931CA1999-03$163,368
6The Friends Of The Cupertino Library10800 Torre Ave, Cupertino, CA 95014-3234CA1999-05$100,465
7Friends Of Libraries And Archives Of Texas Inc1201 Brazos, Austin, TX 78711TX2001-03$55,703
8Rutherford Public Library Foundation150 Park Avenue, Rutherford, NJ 07070NJ2011-03$47,311
9Vermont Public Library Foundation Inc109 State Street, Montpelier, VT 05609-0002VT2000-09$36,198
10Friends Of The Manistee County Library95 Maple Street, Manistee, MI 49660MI2002-05$35,752
11Korean Library Foundation1227 Koloa Street, Honolulu, HI 96816HI2013-02$33,497
12South Sound Book Review Council150 E Balmoral Way, Shelton, WA 98584-8597WA2002-06$28,027
13Killbuck Community Library Association IncPO BOX 402, Killbuck, OH 44637OH1997-07$22,343
14The Friends Of The Upton Town Library Trust IncPO BOX 622, Upton, MA 01568-0622MA2001-02$8,681
15Thousand Palms Library Building Fund31189 Robert Road, Thousand Palms, CA 92276CA1998-08$7,966
16New Library NowPO BOX 992915, Redding, CA 96099-2915CA2002-02$2,000
171883 Library Fund IncC/O Robert B Sprouse 417 Palm Dr, St Simons Island, GA 31522GA2005-08$0
18Arnold Branch Friends Of The Library900 Buckley Rd, St Louis, MO 63125MO2007-12$0
19Book Magic2875 Cowley Way 809, San Diego, CA 92110CA2006-04$0
20Friends Of The Mark Twain Library, Mark Twain Library513 1/2 W 97th Street, Los Angeles, CA 90044CA2005-09$0
Number of organizations performing similar types of work
California7
Colorado2
District of Columbia1
Florida3
Georgia6
Hawaii1
Iowa2
Idaho1
Illinois2
Indiana1
Kansas1
Kentucky1
Massachusetts3
Maryland2
Michigan2
Minnesota1
Missouri2
Montana1
North Carolina3
New Hampshire2
New Jersey2
Nevada1
New York8
Ohio2
Oklahoma2
Oregon1
South Carolina1
Tennessee1
Texas7
Virginia3
Vermont2
Washington2
Wisconsin2
West Virginia1
Total79

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