SOUTH SAN FRANCISCO PUBLIC LIBRARY FOUNDATION

EIN: 472229891 501(c)(3) Education

South San Francisco, CA

Total Revenue
$3,795,421
Total Expenses
$3,803,936
Total Assets
$183,146
Net Assets
$183,146
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
CA
Principal Officer
Kumkum Gupta
Phone
6508293872
Tax Period
2020-07-01 to 2021-06-30

SOUTH SAN FRANCISCO PUBLIC LIBRARY FOUNDATION, founded in 2010, is a community nonprofit in the Education sector that reported $3.8M in total revenue in fiscal year 2020. Revenue surged 1920% from the prior year, signaling strong growth momentum.

Mission

The South San Francisco Public Library Foundation raises funds to support library facilities, programs and services, with a major focus on raising funds for a New Main Library and Community Center, projected to open in Fall 2023. Library services also include, information, assistance and outreach initiatives such as COVID information and referrals and community support and engagement.

Program Service Accomplishments

Program 1
Expenses: $3,794,000 Revenue: $0

Raise funds to support the New Main Library and Community Center, projected to open in Fall 2023. Funds raised are transferred into the City of South San Francisco capital project expenditure budget...

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Raise funds to support the New Main Library and Community Center, projected to open in Fall 2023. Funds raised are transferred into the City of South San Francisco capital project expenditure budget upon acceptance by the City Council, City of South San Francisco.

Program 2
Expenses: $5,250 Revenue: $0

Support South San Francisco Public Library programs and services, including community information and outreach projects. $5,000 grant was received to purchase a new 3D printer for the Library and...

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Support South San Francisco Public Library programs and services, including community information and outreach projects. $5,000 grant was received to purchase a new 3D printer for the Library and $250 grant was received to support an outreach project on public transportation for the community.

Program 3
Expenses: $3,000 Revenue: $0

In response to COVID-19 food insecurity issues of our senior residents and library patrons, the Foundation joined the City of South San Francisco initiative in supporting emergency food baskets...

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In response to COVID-19 food insecurity issues of our senior residents and library patrons, the Foundation joined the City of South San Francisco initiative in supporting emergency food baskets delivered to senior residents in our community.

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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 (2020)

Revenue Breakdown

Contributions & Grants $3,795,421
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $3,795,421

Expense Breakdown

Grants Paid $3,802,250
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $3,802,250
Other Expenses $1,686
TOTAL EXPENSES $3,803,936

Year-over-Year Comparison

2020 2019 Change
Revenue $3,795,421 $187,861 +19.2%
Expenses $3,803,936 $78,048 +47.7%
Net Income $-8,515 $109,813 -1.1%
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
7
Independent Members
N/A
Employees
N/A
Volunteers
N/A

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
4
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Tony Clifford Board Member 0
Director
$0 $0 $0
Diane Huddleston Board Member 0
Director
$0 $0 $0
Sharon Ranals Board Member 0
Director
$0 $0 $0
Kumkum Gupta President 0
Officer
$0 $0 $0
Karyl Matsumoto Vice President 0
Officer
$0 $0 $0
Paul Formosa Treasurer 0
Officer
$0 $0 $0
Pat FitzPatrick Secretary 0
Officer
$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
2021 $3,795,421 $3,803,936 $183,146 $-8,515
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