LIBRARY FOUNDATION FOR SARASOTA COUNTY INC

EIN: 452585429 501(c)(3) Education

SARASOTA, FL

Total Revenue
$940,308
Total Expenses
$721,968
Total Assets
$6,133,277
Net Assets
$5,182,270
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
FL
Principal Officer
SARAH KARON
Phone
3045161773
Tax Period
2024-07-01 to 2025-06-30

LIBRARY FOUNDATION FOR SARASOTA COUNTY INC, founded in 2011, is a small nonprofit in the Education sector that reported $940K in total revenue in fiscal year 2024. Revenue surged 59% from the prior year, signaling strong growth momentum. The organization ran a surplus of $218K, a strong 23% operating margin.

Mission

THE MISSION OF THE LIBRARY FOUNDATION FOR SARASOTA COUNTY IS TO CHAMPION STRONG PUBLIC LIBRARIES, SUPPORT INNOVATION AND HELP EXTEND THE LIBRARY SYSTEM'S REACH FOR EVERYONE IN SARASOTA.

Program Service Accomplishments

Program 1
Expenses: $512,649

THE MISSION OF THE LIBRARY FOUNDATION FOR SARASOTA COUNTY IS TO CHAMPION STRONG PUBLIC LIBRARIES, SUPPORT INNOVATION AND HELP EXTEND THE LIBRARY SYSTEM'S REACH FOR EVERYONE IN SARASOTA.

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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 $790,548
Program Service Revenue $0
Investment Income $149,760
Other Revenue $0
TOTAL REVENUE $940,308

Expense Breakdown

Grants Paid $0
Salaries & Benefits $287,965
Fundraising Expenses $128,544
Program Expenses $512,649
Other Expenses $434,003
TOTAL EXPENSES $721,968

Year-over-Year Comparison

2024 2023 Change
Revenue $940,308 $589,605 +0.6%
Expenses $721,968 $722,201 0.0%
Net Income $218,340 $-132,596 -2.6%
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

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Liquidity & Cash Position

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Governance

Voting Members
12
Independent Members
12
Employees
4
Volunteers
35

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
5
$129,077
Total Directors
13
$129,077
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALISA MITCHELL EXECUTIVE DI 40.00
Officer Director
$129,077 $0 $129,077
TERRY BRACKETT DIRECTOR 2.00
Director
$0 $0 $0
ILENE DENTON VICE PRESIDE 2.00
Officer Director
$0 $0 $0
TIM JAEGER DIRECTOR 2.00
Director
$0 $0 $0
ALEXANDRA JUPIN DIRECTOR 2.00
Director
$0 $0 $0
SARAH KARON PRESIDENT 2.00
Officer Director
$0 $0 $0
JUDY LIERSCH DIRECTOR 2.00
Director
$0 $0 $0
VICTOR ROMANO DIRECTOR 2.00
Director
$0 $0 $0
FLETCHER RUSH SECRETARY 2.00
Officer Director
$0 $0 $0
MARK STEINWACHS DIRECTOR 2.00
Director
$0 $0 $0
TODD SWEET DIRECTOR 2.00
Director
$0 $0 $0
CRISHUANA WILLIAMS DIRECTOR 2.00
Director
$0 $0 $0
KAT WINGERT TREASURER 2.00
Officer 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 $940,308 $721,968 $6,133,277 $218,340
2024 $589,605 $722,201 $5,665,523 $-132,596
2023 $371,541 $336,740 $5,286,405 $34,801
2022 $527,608 $631,326 $5,079,054 $-103,718
2021 $1,039,095 $467,468 $5,639,944 $571,627
2020 $854,705 $489,205 $4,983,916 $365,500
2019 $1,311,735 $534,143 $3,588,755 $777,592
2019 $1,310,356 $540,064 $4,405,751 $770,292
2018 $2,096,569 $486,039 $2,672,448 $1,610,530
2018 $2,415,976 $486,039 $3,364,439 $1,929,937
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