THE LIBRARY FOUNDATION OF LOS ANGELES

EIN: 954368250 501(c)(3) Education

LOS ANGELES, CA

Total Revenue
$9,316,123
Total Expenses
$9,908,588
Total Assets
$68,590,202
Net Assets
$68,106,594
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
CA
Principal Officer
STACY LIEBERMAN
Phone
2132287500
Tax Period
2024-07-01 to 2025-06-30

THE LIBRARY FOUNDATION OF LOS ANGELES, founded in 1992, is a community nonprofit in the Education sector that reported $9.3M in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. Net assets of $68.1M represent 88 months of operating reserves.

Mission

TO FISCALLY SUPPORT THE LOS ANGELES PUBLIC LIBRARY.

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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 $6,291,156
Program Service Revenue $0
Investment Income $3,297,411
Other Revenue $-272,444
TOTAL REVENUE $9,316,123

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,932,926
Fundraising Expenses $2,019,859
Program Expenses $6,098,028
Other Expenses $5,975,662
TOTAL EXPENSES $9,908,588

Year-over-Year Comparison

2024 2023 Change
Revenue $9,316,123 $10,753,353 -0.1%
Expenses $9,908,588 $9,240,248 +0.1%
Net Income $-592,465 $1,513,105 -1.4%
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

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Liquidity & Cash Position

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Governance

Voting Members
36
Independent Members
36
Employees
49
Volunteers
37

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
7
$743,797
Total Directors
36
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DEBRA ALBIN-RILEY CHAIR 6.00
Officer Director
$0 $0 $0
DEAN HANSELL VICE-CHAIR 4.00
Officer Director
$0 $0 $0
KIM SONNENBLICK SECRETARY 3.00
Officer Director
$0 $0 $0
DAVID ROSENBLUM TREASURER 1.00
Officer Director
$0 $0 $0
BETSY APPLEBAUM DIRECTOR 1.00
Director
$0 $0 $0
NICOLE NEEMAN BRADY DIRECTOR 1.00
Director
$0 $0 $0
HELEN BREMER DIRECTOR 3.00
Director
$0 $0 $0
BRENDON CASSIDY DIRECTOR 1.00
Director
$0 $0 $0
ANDREW CHICK DIRECTOR 1.00
Director
$0 $0 $0
JENNIFER CHU DIRECTOR 1.00
Director
$0 $0 $0
NANCY DEBRIER DIRECTOR 1.00
Director
$0 $0 $0
SUNITA DESHMUKH DIRECTOR 1.00
Director
$0 $0 $0
SANDY DUNLEAVY DIRECTOR 1.00
Director
$0 $0 $0
AMANDA FAIREY DIRECTOR 1.00
Director
$0 $0 $0
TOM GEISER DIRECTOR 1.00
Director
$0 $0 $0
THOMAS HECK DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL T M JONES DIRECTOR 1.00
Director
$0 $0 $0
JUDY KAMINS DIRECTOR 1.00
Director
$0 $0 $0
PATRICIA KAO DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL KEEGAN DIRECTOR 1.00
Director
$0 $0 $0
SANDRA KULLI DIRECTOR 1.00
Director
$0 $0 $0
COURTNEY LILLY DIRECTOR 1.00
Director
$0 $0 $0
KEVIN MCKEON DIRECTOR 1.00
Director
$0 $0 $0
BETH MICHELSON DIRECTOR 1.00
Director
$0 $0 $0
KEVIN PHILIP DIRECTOR 1.00
Director
$0 $0 $0
CELIA RAMOS DIRECTOR 1.00
Director
$0 $0 $0
LISA RICHARDSON DIRECTOR 1.00
Director
$0 $0 $0
KATE ROBERTS DIRECTOR 1.00
Director
$0 $0 $0
ALLISON SAMEK DIRECTOR 1.00
Director
$0 $0 $0
LAURA SEIGLE DIRECTOR 1.00
Director
$0 $0 $0
NYANZA SHAW DIRECTOR 1.00
Director
$0 $0 $0
RACHEL SMALL DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL SPEAKER DIRECTOR 1.00
Director
$0 $0 $0
BETSY WANNER DIRECTOR 1.00
Director
$0 $0 $0
NONA FARAHNIK YADEGAR DIRECTOR 1.00
Director
$0 $0 $0
STEPHANIE YONEKURA DIRECTOR 1.00
Director
$0 $0 $0
STACY LIEBERMAN PRESIDENT & CEO 40.00
Officer
$319,807 $18,143 $337,950
MELISSA KHAMVONGSA CHIEF DEVELOPMENT OFFICER 40.00
Officer
$141,580 $22,806 $164,386
SHAWN RUBIN CHIEF FINANCIAL & OPERATING OFFICER 40.00
Officer
$207,156 $34,305 $241,461
IMANI HARRIS SR DIR OF CORP AND FDN RELATIONS 40.00
Highest
$155,253 $16,584 $171,837
JESSICA STRAND SR DIR OF PROGRAMMING & STRATEGIC ENGAGEMENT 40.00
Highest
$138,713 $29,902 $168,615
ELIZABETH CHANDLER DIRECTOR OF HUMAN RESOURCES 40.00
Highest
$115,703 $15,029 $130,732
SARAH CHARLETON DIR OF M&AG (UNTIL 11/2024) 40.00
Highest
$114,743 $9,892 $124,635
ALEX NGUYEN DIRECTOR OF MAJOR & PLANNED GIVING 40.00
Highest
$125,763 $13,792 $139,555
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 $9,316,123 $9,908,588 $68,590,202 $-592,465
2024 No data No data No data No data
2023 $8,508,811 $8,596,648 $62,273,934 $-87,837
2022 $7,634,238 $7,844,414 $59,949,612 $-210,176
2021 $9,315,587 $5,539,828 $63,810,856 $3,775,759
2020 $7,745,776 $6,434,603 $50,864,800 $1,311,173
2019 $6,700,397 $6,828,816 $50,200,676 $-128,419
2018 $7,496,388 $7,293,096 $48,093,445 $203,292
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