FOUNDATION FOR SAN LUIS OBISPO COUNTY PUBLIC LIBRARIES

EIN: 770460885 501(c)(3) Education

SAN LUIS OBISPO, CA

Total Revenue
$226,067
Total Expenses
$150,036
Total Assets
$4,904,789
Net Assets
$4,903,589
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
CA
Principal Officer
JULIANE MCADAM
Phone
8053161579
Tax Period
2024-07-01 to 2025-06-30

FOUNDATION FOR SAN LUIS OBISPO COUNTY PUBLIC LIBRARIES, founded in 1998, is a small nonprofit in the Education sector that reported $226K in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum. The organization ran a surplus of $76K, a strong 34% operating margin.

Mission

THE FOUNDATION FOR SAN LUIS OBISPO COUNTY PUBLIC LIBRARIES SEEKS TO RAISE AWARENESS AND MONIES TO STRENGTHEN OUR PUBLIC LIBRARIES. WE BELIEVE THAT STRONG LIBRARIES HELP BUILD, NOURISH AND SUPPORT OUR COMMUNITY BY PROVIDING A RICH ENVIRONMENT FOR LEARNING AND APPRECIATION OF KNOWLEDGE.

Program Service Accomplishments

Program 1
Expenses: $143,459

PROVIDE SUPPORT FUNDING FOR PROGRAMS AND COLLECTION DEVELOPMENT TO THE SAN LUIS OBISPO COUNTY PUBLIC LIBRARY SYSTEM.

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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 $68,500
Program Service Revenue $0
Investment Income $157,524
Other Revenue $43
TOTAL REVENUE $226,067

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $143,459
Other Expenses $150,036
TOTAL EXPENSES $150,036

Year-over-Year Comparison

2024 2023 Change
Revenue $226,067 $177,769 +0.3%
Expenses $150,036 $165,009 -0.1%
Net Income $76,031 $12,760 +5.0%
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
10
Independent Members
10
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
3
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KRISTY LUNDSTROM SECRETARY 0.00
Director
$0 $0 $0
KRISTIN BRIDGEFORD DIRECTOR 0.00
Director
$0 $0 $0
MARLYS MCPHERSON DIRECTOR 0.00
Director
$0 $0 $0
VICTORIA SCHMIDT DIRECTOR 0.00
Director
$0 $0 $0
JOAN HURWIT DIRECTOR 0.00
Director
$0 $0 $0
RACHEL DUCHAK DIRECTOR 0.00
Director
$0 $0 $0
JOHN MCCARTHY DIRECTOR 0.00
Director
$0 $0 $0
JULIANE MCADAM PRESIDENT 0.00
Officer
$0 $0 $0
ELIZABETH MANAK VICE PRESIDENT 0.00
Officer
$0 $0 $0
CHARLOTTE ALEXANDER TREASURER 0.00
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 $226,067 $150,036 $4,904,789 $76,031
2024 $177,769 $165,009 $4,464,252 $12,760
2023 $1,367,037 $95,764 $4,189,992 $1,271,273
2022 $2,368,394 $185,707 $2,858,580 $2,182,687
2021 $42,142 $28,200 $690,779 $13,942
2020 $63,726 $29,897 $618,515 $33,829
2019 $46,934 $48,561 $630,663 $-1,627
2018 $45,324 $37,255 $641,577 $8,069
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