NEWPORT BEACH PUBLIC LIBRARY FOUND… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1989

Legal Domicile

Principal Officer

JEROLD D KAPPEL

Phone

9497173890

Tax Period

2023-07-01 to 2024-06-30

NEWPORT BEACH PUBLIC LIBRARY FOUNDATION, founded in 1989, is a community nonprofit in the Education sector that reported $7.1M in total revenue in fiscal year 2023. Revenue surged 96% from the prior year, signaling strong growth momentum. Expenses of $9.9M exceeded revenue, resulting in a 39% operating deficit.

Mission

THE NEWPORT BEACH PUBLIC LIBRARY FOUNDATION FUNDS VALUABLE LIBRARY RESOURCES,PROGRAMS AND SERVICES, AND ENGAGES THE COMMUNITY THROUGH THE CREATION AND SPONSORSHIP OF DIVERSE LITERARY, CULTURAL AND INTELLECTUAL PROGRAMS.

Program Service Accomplishments

Program 1

Expenses: $9,468,142 Revenue: $110,469

THE FOUNDATION PRESENTED 48 PROGRAMS IN THE 2023-2024 SEASON WITH 36 BEING FREE TO THE PUBLIC. PROGRAMMING INCLUDES THE 27TH SEASON OF DISTINGUISHED SPEAKER SERIES, WITTE LECTURES, AND THE TENTH...

THE FOUNDATION PRESENTED 48 PROGRAMS IN THE 2023-2024 SEASON WITH 36 BEING FREE TO THE PUBLIC. PROGRAMMING INCLUDES THE 27TH SEASON OF DISTINGUISHED SPEAKER SERIES, WITTE LECTURES, AND THE TENTH SEASON OF THE LIBRARY LIVE AUTHOR SERIES. THESE TWO SERIES WERE SOLD OUT. FREE COMMUNITY PROGRAMS ALSO INCLUDE THE FINANCIAL LITERACY WORKSHOPS, MEDICINE IN OUR BACKYARD, SPOTLIGHT ON SCIENCE, AND THE BOOK DISCUSSION GROUP. ALL FOUR COMMUNITY PROGRAMS HAD SIGNIFICANTLY INCREASED ATTENDANCE. ADDITIONALLY, THE FOUNDATION IS IN AN AGREEMENT WITH THE CITY OF NEWPORT BEACH TO GARNER COMMUNITY SUPPORT TO FUND 50% OF A NEW LIBRARY LECTURE HALL AND CIVIC AUDITORIUM. THIS CAPITAL CAMPAIGN IS IN ADDITION TO ITS ANNUAL FUNDRAISING TO SUPPORT PROGRAMMING AND THE LIBRARY'S ANNUAL GRANT REQUEST FOR CAPITAL IMPROVEMENTS AND ADDITIONAL PATRON SERVICES.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $6,820,414

Program Service Revenue $110,469

Investment Income $180,792

Other Revenue $0

TOTAL REVENUE $7,111,675

Expense Breakdown

Grants Paid $9,214,843

Salaries & Benefits $277,360

Fundraising Expenses $203,627

Program Expenses $9,468,142

Other Expenses $377,542

TOTAL EXPENSES $9,869,745

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,111,675	$3,624,509	+1.0%
Expenses	$9,869,745	$674,558	+13.6%
Net Income	$-2,758,070	$2,949,951	-1.9%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$115,650

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN BARLOW	CHAIR	5.00	Officer Director	$0	$0	$0
KAREN HEATH CLARK	IMMEDIATE PAST CHAIR	5.00	Director	$0	$0	$0
MARILYN KRAHE	VICE CHAIR & SECRETARY	5.00	Officer Director	$0	$0	$0
EMILIE MENGHIN	TREASURER	5.00	Officer Director	$0	$0	$0
LINDA BEIMFOHR	DIRECTOR	5.00	Director	$0	$0	$0
PATRICIA PATTY DREYFUS	DIRECTOR	5.00	Director	$0	$0	$0
RANDY HEYLER	DIRECTOR	5.00	Director	$0	$0	$0
JANET S HADLEY MSN	DIRECTOR	5.00	Director	$0	$0	$0
JOHANNA LEE KIM	DIRECTOR	5.00	Director	$0	$0	$0
MIREYA LLAURADO	DIRECTOR	5.00	Director	$0	$0	$0
WALTER STAHR	DIRECTOR	5.00	Director	$0	$0	$0
ANN DOYLE STEPHENS	DIRECTOR	5.00	Director	$0	$0	$0
JILL JOHNSON-TUCKER	DIRECTOR	5.00	Director	$0	$0	$0
JOY BRENNER	DIRECTOR	5.00	Director	$0	$0	$0
JEROLD D KAPPEL	CEO	40.00	Officer	$115,650	$0	$115,650

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	No data	No data	No data	No data
2024	$7,111,675	$9,869,745	$5,949,058	$-2,758,070
2023	$3,624,509	$674,558	$6,266,139	$2,949,951
2022	$977,443	$639,927	$3,095,548	$337,516
2021	$721,757	$529,402	$3,586,359	$192,355
2020	$833,620	$721,087	$2,816,120	$112,533
2019	$625,015	$782,319	$2,626,905	$-157,304
2018	$899,937	$949,552	$2,785,863	$-49,615

NEWPORT BEACH PUBLIC LIBRARY FOUNDATION