BURLINGAME LIBRARY FOUNDATION

EIN: 943220365 501(c)(3) Education

BURLINGAME, CA

Total Revenue
$406,247
Total Expenses
$307,071
Total Assets
$2,767,521
Net Assets
$2,615,086
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1995
Legal Domicile
CA
Principal Officer
CANDACE SAVOIE
Phone
6505587408
Tax Period
2025-01-01 to 2025-12-31

BURLINGAME LIBRARY FOUNDATION, founded in 1995, is a small nonprofit in the Education sector that reported $406K in total revenue in fiscal year 2025. Revenue fell 31% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $99K, a strong 24% operating margin.

Mission

THE GOALS OF THE FOUNDATION ARE TO: * ENHANCE THE COLLECTION * PROVIDE COMMUNITY ACCESS TO STATE OF THE ART INFORMATION TECHNOLOGY * SUPPORT CREATIVE PROGRAMS THAT CONTRIBUTE TO AN ENRICHED COMMUNITY LIFE * PRESERVE AND MAINTAIN THE HISTORIC BUILDINGS AND THEIR INTERIORS.

Program Service Accomplishments

Program 1
Expenses: $230,600

SUPPORT BURLINGAME PUBLIC LIBRARY WITH CASH AND EQUIPMENT TO BE USED FOR COLLECTION ENHANCEMENT AND SPECIAL PROGRAMS.

Program 2
Expenses: $54,000

EXECUTIVE DIRECTOR COMPENSATION.

Program 3
Expenses: $5,219

ANNUAL CAMPAIGN AND DONOR APPRECIATION.

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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 (2025)

Revenue Breakdown

Contributions & Grants $154,201
Program Service Revenue $0
Investment Income $113,308
Other Revenue $138,738
TOTAL REVENUE $406,247

Expense Breakdown

Grants Paid $230,600
Salaries & Benefits $54,000
Fundraising Expenses $0
Program Expenses $289,819
Other Expenses $22,471
TOTAL EXPENSES $307,071

Year-over-Year Comparison

2025 2024 Change
Revenue $406,247 $588,118 -0.3%
Expenses $307,071 $247,934 +0.2%
Net Income $99,176 $340,184 -0.7%
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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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
21
Independent Members
21
Employees
1
Volunteers
40

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
$49,792
Total Directors
21
$49,792
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CINDY LAZZARETTI PRESIDENT 3.17
Officer Director
$0 $0 $0
MARILYN MEYERSON SECRETARY 0.92
Officer Director
$0 $0 $0
CANDACE SAVOIE TREASURER 1.88
Officer Director
$0 $0 $0
SARAH SIMSON EXECUTIVE DIRECTOR 15.00
Officer Director
$49,792 $0 $49,792
BRAD MCCULLEY CITY LIBRARIAN 1.00
Officer Director
$0 $0 $0
GEETIKA BOBBA DIRECTOR 1.00
Director
$0 $0 $0
AUDREY BOJACK DIRECTOR 1.00
Director
$0 $0 $0
JAMES CANNON DIRECTOR 1.00
Director
$0 $0 $0
LINDSAY DOCTO DIRECTOR 1.00
Director
$0 $0 $0
ANDREA EASTMAN DIRECTOR 1.00
Director
$0 $0 $0
KAREN HOOK DIRECTOR 1.00
Director
$0 $0 $0
ROBIN HURWITZ DIRECTOR 1.00
Director
$0 $0 $0
LOUISA LA FARGE DIRECTOR 1.00
Director
$0 $0 $0
PEGGY MCLAUGHLIN DIRECTOR 1.00
Director
$0 $0 $0
TERRI ANNE MERCHANT DIRECTOR 1.00
Director
$0 $0 $0
VIDYA NATHU DIRECTOR 1.00
Director
$0 $0 $0
TERRI NEILL DIRECTOR 1.00
Director
$0 $0 $0
FRANK PAGLIARO DIRECTOR 1.00
Director
$0 $0 $0
SHANNON PALEY DIRECTOR 1.00
Director
$0 $0 $0
CHICK RUNKEL DIRECTOR 1.00
Director
$0 $0 $0
SHEILA VASANTHARAM DIRECTOR 1.00
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
2025 $406,247 $307,071 $2,767,521 $99,176
2024 $588,118 $247,934 $2,402,580 $340,184
2023 $306,974 $238,970 $2,071,584 $68,004
2022 $427,246 $185,659 $1,829,668 $241,587
2021 $330,378 $109,647 $2,007,084 $220,731
2020 $194,298 $122,453 $1,710,117 $71,845
2019 $399,269 $279,632 $1,516,626 $119,637
2018 $373,515 $182,686 $1,128,769 $190,829
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