Fairfax Library Foundation

EIN: 541722709 501(c)(3) Education

Fairfax, VA

Total Revenue
$542,022
Total Expenses
$449,187
Total Assets
$8,040,602
Net Assets
$7,594,772
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1994
Legal Domicile
VA
Principal Officer
Matthew Levin
Phone
7033248313
Tax Period
2024-07-01 to 2025-06-30

Fairfax Library Foundation, founded in 1994, is a small nonprofit in the Education sector that reported $542K in total revenue in fiscal year 2024. The organization ran a surplus of $93K, a strong 17% operating margin.

Mission

Fairfax Library Foundation, is a 501(c)(3) nonprofit charitable and educational organization committed to providing supplementary support to the Fairfax County Public Library. The Foundation, while reinforcing the need for continued and increased public support for the Library, serves as a catalyst for attracting private funding from individuals, businesses, organizations and foundations to enhance library services for our community.

Program Service Accomplishments

Program 1
Expenses: $80,913 Revenue: $713

Books and MaterialsDonations to the Fairfax Library Foundation support the acquisition of books and materials for the 23 branches of Fairfax County Public Library (FCPL)including over 400 audiobooks...

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Books and MaterialsDonations to the Fairfax Library Foundation support the acquisition of books and materials for the 23 branches of Fairfax County Public Library (FCPL)including over 400 audiobooks and more than 500 books in Spanish. By supplementing the library's collection, we ensure that FCPL can offer up-to-date resources while introducing new digital, print, and non-print materials to meet the ever-growing demand from our community. Additionally, individuals purchased over $8,200 worth of high-demand books through the Foundation's Amazon Wish List this year. This platform not only allows donors to select items they personally wish to see in the library but also helps reduce wait times for the most popular titles.

Program 2
Expenses: $114,626

Ready to Read Early Literacy OutreachReady to Read is an early literacy outreach program that aims to equip preschool-age children (ages 3-5) with essential reading skills. Experienced outreach...

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Ready to Read Early Literacy OutreachReady to Read is an early literacy outreach program that aims to equip preschool-age children (ages 3-5) with essential reading skills. Experienced outreach representatives visit more than 150 childcare centers and Head Start classrooms to introduce the children there to the joys of reading through highly-engaging storytime sessions. Following these visits, children and their caregivers receive picture books at no cost, encouraging them to incorporate reading into their day-to-day routines. More than 24,000 picture books were distributed this year alone, with more than a quarter-million books for preschool children purchased by the Foundation since the program's inception in 2008. This program specifically designed for children and caregivers who may not have access to library branches. By focusing on fundamental skills and concepts crucial for kindergarten readiness, Ready to Read ensures that almost 34,000 Fairfax County children are now better prepared for their first day of school.

Program 3
Expenses: $95,768

PresentationsFoundation-funded presentations are a cornerstone of FCPL's services, offering a diverse range of events for all agesevery day and at every FCPL branch: classes, lectures, and...

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PresentationsFoundation-funded presentations are a cornerstone of FCPL's services, offering a diverse range of events for all agesevery day and at every FCPL branch: classes, lectures, and performances for adults; annual Summer Reading Programs for both adults and youth; a wealth of programs and events for school-age kids and teens. The highly-acclaimed Children's Summer Reading Festivals welcomed more than 1500 attendees last year, and more than 7,800 since its inception. These programs foster continuing education, cultural exploration, and personal enrichment throughout our community. By providing informative and entertaining experiences, the library can reinforce its role as a vital gathering space, showcasing its versatility, and commitment to serving the needs of the 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 (2024)

Revenue Breakdown

Contributions & Grants $364,032
Program Service Revenue $713
Investment Income $188,696
Other Revenue $-11,419
TOTAL REVENUE $542,022

Expense Breakdown

Grants Paid $297,316
Salaries & Benefits $27,638
Fundraising Expenses $20,514
Program Expenses $356,874
Other Expenses $124,233
TOTAL EXPENSES $449,187

Year-over-Year Comparison

2024 2023 Change
Revenue $542,022 $502,655 +0.1%
Expenses $449,187 $493,955 -0.1%
Net Income $92,835 $8,700 +9.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
16
Independent Members
16
Employees
3
Volunteers
28

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
$0
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Miriam Smolen Chair 6.00
Officer Director
$0 $0 $0
Jonathan McPherson Vice Chair 5.00
Officer Director
$0 $0 $0
Matthew Levin Treasurer 4.00
Officer Director
$0 $0 $0
Jennifer McGarey Secretary 2.00
Officer Director
$0 $0 $0
Susan Doyle Director 1.00
Director
$0 $0 $0
Alice Magelssen-Green Director 1.00
Director
$0 $0 $0
Gail Ritchie Director 1.00
Director
$0 $0 $0
Volita Russell Director 1.00
Director
$0 $0 $0
Claire Sheahan Director 1.00
Director
$0 $0 $0
Tammy White Director 1.00
Director
$0 $0 $0
Elizabeth Walker Ex-officio (voting) 1.00
Director
$0 $0 $0
Faith Chang Director 1.00
Director
$0 $0 $0
Monica Massaro Director 1.00
Director
$0 $0 $0
Shailini Nehra Director 1.00
Director
$0 $0 $0
Eric Carzon Ex-officio (voting) 1.00
Director
$0 $0 $0
Swatee Gupta Director 1.00
Director
$0 $0 $0
Lisa D Bryant Executive Director 40.00
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
2025 $542,022 $449,187 $8,040,602 $92,835
2024 $502,655 $493,955 $7,492,860 $8,700
2023 $261,957 $474,542 $6,686,937 $-212,585
2022 $2,232,065 $472,105 $6,314,770 $1,759,960
2021 $509,360 $381,431 $7,101,216 $127,929
2020 $357,531 $426,630 $5,780,974 $-69,099
2019 $604,180 $474,751 $5,866,262 $129,429
2018 $863,991 $485,826 $5,744,207 $378,165
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