Lafayette Library and Learning Center Foundation

EIN: 260403799 501(c)(3) Education

Lafayette, CA

Total Revenue
$3,373,086
Total Expenses
$1,815,701
Total Assets
$31,543,398
Net Assets
$30,390,708
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
CA
Principal Officer
Karen Evans
Phone
9252836513
Tax Period
2024-07-01 to 2025-06-30

Lafayette Library and Learning Center Foundation, founded in 2007, is a community nonprofit in the Education sector that reported $3.4M in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.6M, a strong 46% operating margin.

Mission

The Lafayette Library and Learning Center Foundation raises funds for valuable library resources, offers engaging programming, and fosters community building to amplify the Lafayette Library and Learning Center's visibility, reach, and impact.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $585,482
Program Service Revenue $280,075
Investment Income $2,519,432
Other Revenue $-11,903
TOTAL REVENUE $3,373,086

Expense Breakdown

Grants Paid $0
Salaries & Benefits $436,111
Fundraising Expenses $199,754
Program Expenses $1,338,299
Other Expenses $1,379,590
TOTAL EXPENSES $1,815,701

Year-over-Year Comparison

2024 2023 Change
Revenue $3,373,086 $2,794,960 +0.2%
Expenses $1,815,701 $1,634,994 +0.1%
Net Income $1,557,385 $1,159,966 +0.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
12
Independent Members
12
Employees
9
Volunteers
10

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$140,516
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Carol Varney Executive Dir. 40.00
Officer
$131,315 $9,201 $140,516
Karen Evans Chair 4.00
Officer Director
$0 $0 $0
Laney Whitcanack Vice Chair 2.00
Officer Director
$0 $0 $0
Lisa Spiegler Past Chair 2.00
Officer Director
$0 $0 $0
Rita Iorfida Treasuer 2.00
Officer Director
$0 $0 $0
Judy Kirkpatrick Secretary 2.00
Officer Director
$0 $0 $0
Mike Roumbanis Trustee 2.00
Director
$0 $0 $0
Jennifer George Birdseye Trustee 2.00
Director
$0 $0 $0
Steven Bliss Director 2.00
Director
$0 $0 $0
Adenna Davis Trustee 2.00
Director
$0 $0 $0
Adam Lyon Director 2.00
Director
$0 $0 $0
Rupy Krishnan Trustee 2.00
Director
$0 $0 $0
Meghvi Roig Trustee 2.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $3,373,086 $1,815,701 $31,543,398 $1,557,385
2024 No data No data No data No data
2023 $3,011,050 $1,831,650 $27,136,209 $1,179,400
2022 $2,565,872 $1,258,123 $24,906,214 $1,307,749
2021 $2,073,300 $1,570,165 $28,882,741 $503,135
2020 $1,516,041 $1,369,876 $23,525,858 $146,165
2019 $2,143,113 $1,299,900 $24,337,932 $843,213
2018 $1,731,588 $1,153,382 $23,230,412 $578,206
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