MONTECITO FRIENDS OF THE LIBRARY

EIN: 953614638 501(c)(3)

SANTA BARBARA, CA

Total Revenue
$237,765
Total Expenses
$187,099
Total Assets
$1,525,746
Net Assets
$1,525,746
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1976
Legal Domicile
CA
Principal Officer
KENDRA EPLEY
Phone
8055708483
Tax Period
2024-07-01 to 2025-06-30

MONTECITO FRIENDS OF THE LIBRARY, founded in 1976, is a small nonprofit that reported $238K in total revenue in fiscal year 2024. Revenue surged 87% from the prior year, signaling strong growth momentum. The organization ran a surplus of $51K, a strong 21% operating margin.

Mission

THE MONTECITO FRIENDS OF THE LIBRARY IS A NON-PROFIT ORGANIZATION FORMED TO RAISE MUCH NEEDED FUNDS IN ORDER TO SUPPLEMENT THE FUNDING FROM THE COUNTY OF SANTA BARBARA TO THE SANTA BARBARA PUBLIC LIBRARY. THE ULTIMATE GOAL OF THE ORGANIZATION IS TO OFFER THIS ADDITIONAL FUNDING SO THE MONTECITO LIBRARY CAN CONTINUE TO ENHANCE ITS ABILITY TO PROVIDE COMPREHENSIVE AND INNOVATIVE PROGRAMMING, TIMELY RESOURCES & RESPONSIVE ASSISTANCE TO FOSTER A THRIVING COMMUNITY OF LEARNING, SHARING AND CREATING.

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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 $146,493
Program Service Revenue $0
Investment Income $91,272
Other Revenue $0
TOTAL REVENUE $237,765

Expense Breakdown

Grants Paid $127,790
Salaries & Benefits $0
Fundraising Expenses $16,906
Program Expenses $141,180
Other Expenses $59,309
TOTAL EXPENSES $187,099

Year-over-Year Comparison

2024 2023 Change
Revenue $237,765 $127,038 +0.9%
Expenses $187,099 $169,911 +0.1%
Net Income $50,666 $-42,873 -2.2%
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

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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
8
Independent Members
8
Employees
N/A
Volunteers
50

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
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PAT SALEY PRESIDENT 5.00
Officer Director
$0 $0 $0
KENDRA EPLEY TREASURER 5.00
Officer Director
$0 $0 $0
KELLY HATCHETT SECRETARY 5.00
Officer Director
$0 $0 $0
LOUISE KELLY BOARD MEMBER 1.00
Director
$0 $0 $0
MELISSA FRANKLIN BOARD MEMBER 1.00
Director
$0 $0 $0
JASON SIEMENS BOARD MEMBER 1.00
Director
$0 $0 $0
JEFF DONAHUE BOARD MEMBER 1.00
Director
$0 $0 $0
ZOE COPUS BOARD MEMBER 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 $237,765 $187,099 $1,525,746 $50,666
2024 $127,038 $169,911 $1,428,040 $-42,873
2023 $131,339 $230,544 $1,321,672 $-99,205
2022 $301,938 $107,553 $1,281,572 $194,385
2021 $351,554 $193,697 $1,459,408 $157,857
2020 $52,692 $173,229 $1,182,858 $-120,537
2019 $216,357 $44,009 $1,114,121 $172,348
2018 $501,984 $269,492 $951,764 $232,492
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