FRIENDS INVESTING IN SACRAMENTO PUBLIC LIBRARY

EIN: 833716555 501(c)(3) Education

SACRAMENTO, CA

Total Revenue
$425,175
Total Expenses
$21,230
Total Assets
$2,181,890
Net Assets
$2,056,919
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
CA
Principal Officer
DAVID WAGNER
Phone
9165078428
Tax Period
2023-01-01 to 2023-12-31

FRIENDS INVESTING IN SACRAMENTO PUBLIC LIBRARY, founded in 2019, is a small nonprofit in the Education sector that reported $425K in total revenue in fiscal year 2023. Revenue surged 202% from the prior year, signaling strong growth momentum. The organization ran a surplus of $404K, a strong 95% operating margin.

Mission

FRIENDS INVESTING IN SACRAMENTO PUBLIC LIBRARY (FISPL), AS A SUPPORTING ORGANIZATION, WILL ENGAGE IN ACTIVITIES TO HOLD, MANAGE AND MAINTAIN AN ENDOWMENT FUND FOR THE BENEFIT OF ITS SUPPORTED ORANIZATIONS AND SOLICIT DONATIONS AND PLANNED GIFTS FOR BOTH GENERAL AND ENDOWMENT PURPOSES.

Program Service Accomplishments

Program 1
Expenses: $21,230 Revenue: $7,965

DISTRIBUTED INFORMATION ABOUT FRIENDS INVESTING IN SACRAMENTO PUBLIC LIBRARY AT COMMUNITY GATHERINGS.

Program 2

SUPPORTED THE FRIENDS OF THE SACRAMENTO PUBLIC LIBRARY'S FUNDRAISING CAMPAIGN TO CREATE A PERMANENT ENDOWMENT NAMED THE YOUNG READERS FUND FOR THE SACRAMENTO PUBLIC LIBRARY.

Program 3

CREATED A PERMANENT ENDOWMENT ACCOUNT FOR THE SACRAMENTO PUBLIC LIBRARY'S SUMMER READING PROGRAM.

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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 (2023)

Revenue Breakdown

Contributions & Grants $345,328
Program Service Revenue $0
Investment Income $71,882
Other Revenue $7,965
TOTAL REVENUE $425,175

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $21,230
Other Expenses $21,230
TOTAL EXPENSES $21,230

Year-over-Year Comparison

2023 2022 Change
Revenue $425,175 $140,876 +2.0%
Expenses $21,230 $48,878 -0.6%
Net Income $403,945 $91,998 +3.4%
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
5
Independent Members
5
Employees
N/A
Volunteers
10

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
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID WAGNER PRESIDENT 10.00
Officer Director
$0 $0 $0
GILLIAN FRIESS SECRETARY 10.00
Officer Director
$0 $0 $0
NORVAL WELLSFRY TREASURER 10.00
Officer Director
$0 $0 $0
DEBBIE BURNETT BOARD MEMBER 5.00
Director
$0 $0 $0
JEANNIE L JONES BOARD MEMBER 5.00
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
2024 No data No data No data No data
2023 $425,175 $21,230 $2,181,890 $403,945
2022 $140,876 $48,878 $1,839,672 $91,998
2021 $545,665 $96,272 $2,045,316 $449,393
2020 $1,229,793 $15,357 $1,421,507 $1,214,436
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