2024-10-29T13:57:22-05:00 2024-06-30 GARY MCGEE & CO LLP 1000 SW BROADWAY SUITE 1200 PORTLAND OR 97205 990 2023-07-01 931190983 THE LIBRARY FOUNDATION LIBR 5032234008 620 SW FIFTH AVENUE 1025 PORTLAND OR 97204 DAN LOVE CENTERWALL EXECUTIVE DIRECTOR 5032234008 2024-10-29 0 YEE LEE MCGEE P01294356 5032222515 2023 2024-10-15 13:58:12Z DAN LOVE CENTERWALL 620 SW FIFTH AVENUE 1025 PORTLAND OR 97204 2966805 0 X WWW.LIBRARYFOUNDATION.ORG X 1995 OR TO ENHANCE MULTNOMAH COUNTY LIBRARY'S INNOVATIVE WORK AND STRENGTHEN OUR LIBRARY SYSTEM. 16 16 8 16 0 0 4441248 2399877 0 0 333437 566774 176 154 4774861 2966805 1416954 2560485 0 0 697819 805711 0 0 129312 374345 462361 2489118 3828557 2285743 -861752 26409312 27687284 866559 1306405 25542753 26380879 X THE LIBRARY FOUNDATION STRENGTHENS OUR COMMUNITY AND CREATES A BRIGHTER FUTURE FOR CHILDREN BY SUPPORTING, EXPANDING AND ADVOCATING FOR MULTNOMAH COUNTY LIBRARY'S INNOVATIVE AND GROUNDBREAKING WORK. GIFTS, LARGE AND SMALL, MAKE THIS WORK POSSIBLE. 0 0 1601208 1601208 BUILDING PROJECTS - IN 2020, MULTNOMAH COUNTY LIBRARY LAUNCHED A SIX-YEAR BUILDING PLAN TO MEET THE 21ST CENTURY NEEDS OF OUR COMMUNITY BY BUILDING OR EXPANDING 8 LIBRARIES, INCREASING OUR SYSTEM'S SPACE BY NEARLY 60%. THE LIBRARY FOUNDATION COMPLETED YEAR 2 OF A CAMPAIGN TO SUPPORT THE DESIGN AND BUILD-OUT OF CUTTING-EDGE LEARNING ENVIRONMENTS AND SPACES FOR CHILDREN AND TEENS IN EACH OF THESE LIBRARIES. SUPPORT THIS YEAR INCLUDED: INTERACTIVE EARLY LEARNING SPACES ($1,257,500); FLEXIBLE STEAM LABS FOR CHILDREN AND TEENS ($179,102); DEDICATED SPACES FOR TEENS TO STUDY, GATHER, AND CONNECT ($84,606); A SECURE OUTDOOR CHILDREN'S GARDEN ($50,000); AND SPECIAL PROJECT SUPPORT FOR THE NEW EAST COUNTY LIBRARY ($30,000). 437554 437554 EARLY LITERACY PROGRAMS THAT MOTIVATED FAMILIES TO READ TOGETHER REACHED 85,000 BABIES, YOUNG CHILDREN, AND PARENTS. ENGAGING BOOKS, PARENT EDUCATION, AND STORYTIMES ENABLED PARENTS TO BECOME THEIR CHILD'S FIRST, BEST, AND MOST PERMANENT TEACHER. EVERY CHILD A READER REACHED 30,000 YOUNG CHILDREN AND PARENTS, SENDING BOOKS HOME IN 20 LANGUAGES, EDUCATING PARENTS, AND MOTIVATING FAMILIES TO READ TOGETHER. STORYTIMES REACHED 44,000 CHILDREN AND PARENTS AT LIBRARY LOCATIONS, OUT IN THE COMMUNITY, AND AT HOME. THE WIC PARTNERSHIP REACHED 19,000 LOW-INCOME MOMS AND CHILDREN WITH LITERACY EDUCATION. DIA DE LOS NINOS ENGAGED 5,000 CHILDREN AND PARENTS WITH BILINGUAL LITERACY PROGRAMS. THE NEW PARENT PROGRAM SENT 5,600 NEWBORNS AND PARENTS HOME WITH LITERACY EDUCATION AND AN INTRODUCTION TO LIBRARY SERVICES. 352078 352078 SCHOOL-AGE LITERACY PROGRAMS REACHED K-12 STUDENTS IN 7 SCHOOL DISTRICTS WITH BOOKS AND PROGRAMS THAT CEMENT READING SKILLS AND ACADEMIC SUCCESS. SUMMER READING ENGAGED NEARLY 100,000 CHILDREN AND TEENS WITH A FUN INTERACTIVE GAME. LIBRARY CONNECT CONNECTED 115,000 STUDENTS TO LIBRARY SERVICES, INCLUDING RESEARCH CONTENT, HOMEWORK HELP AND TUTORING SUPPORT. 19,500 CHILDREN'S BOOKS IN MORE THAN 20 LANGUAGES WENT HOME WITH TENS OF THOUSANDS OF CHILDREN THROUGH OUTREACH IN THE COMMUNITY, INCLUDING 300 SUMMER SITES SUCH AS PARKS, FREE LUNCH LOCATIONS, COMMUNITY EVENTS, AND HOUSING DEVELOPMENTS. 784427 169645 LIFELONG LEARNING PROGRAMS, WORKSHOPS AND EVENTS REACHED MORE THAN 25,000 TEENS, ADULTS AND SENIORS LAST YEAR, WITH FREE ARTS, CULTURAL, AND HUMANITIES PROGRAMS. EVERYBODY READS, A COMMUNITY-WIDE READING PROGRAM TRANSFORMED HOW STUDENTS EXPERIENCE READING, WRITING, AND THE WRITTEN WORD. SENIORS AND ADULTS ALSO PARTICIPATED IN EVERYBODY READS, INCLUDING ATTENDING ONLINE PROGRAMMING AND BOOK DISCUSSION GROUPS. ($106,813)OTHER SUPPORT INCLUDES: SUPPORT FOR LIBRARY COLLECTIONS AND LOCATIONS ($62,832); STAFF TIME AND PROGRAM SERVICES FOR LIBRARY PROGRAMS, COMMUNICATION AND ACTIVITIES. ($614,782) 784427 169645 3175267 1 1 0 1 0 0 0 0 0 1 1 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 9 0 8 1 0 0 0 0 0 0 0 0 0 0 0 0 X 16 16 0 0 1 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 OR X SUSAN MATLACK JONES & ASSOCIATES LLC 5032429360 2525 SW 1ST AVENUE SUITE 201 PORTLAND OR 97201 BRAD THIES CHAIR 4.00 X X 0 0 0 KORI ALLEN VICE-CHAIR 4.00 X X 0 0 0 PAUL J KELLY JR SECRETARY 4.00 X X 0 0 0 PETER GALEN TREASURER 4.00 X X 0 0 0 WENDY GRUENBERG WRAY TRUSTEE 4.00 X 0 0 0 LUKA ARNERICH TRUSTEE 1.00 X 0 0 0 SHIAU YEN CHIN-DENNIS TRUSTEE 1.00 X 0 0 0 KRISTIN COLLINS TRUSTEE 1.00 X 0 0 0 ANNE JARVIS TRUSTEE 1.00 X 0 0 0 JEAN JOSEPHSON TRUSTEE 1.00 X 0 0 0 SONJA MCKENZIE TRUSTEE 1.00 X 0 0 0 MOLLY ONO TRUSTEE 1.00 X 0 0 0 DILIP RATNAM TRUSTEE 1.00 X 0 0 0 JEFF SCHERER TRUSTEE 1.00 X 0 0 0 DAVID L VERNIER TRUSTEE 1.00 X 0 0 0 SONYA WHITE TRUSTEE 1.00 X 0 0 0 MERRIS SUMRALL EXECUTIVE DIR. (THRU 3/2024) 55.50 X 146302 0 46715 DAN LOVE CENTERWALL EXECUTIVE DIR. (FROM 2/2024) 40.00 X 0 0 0 146302 0 46715 1 0 1 0 0 23248 2376629 63329 2399877 566774 566774 OTHER REVENUE 900099 154 154 154 2966805 0 0 566928 2560485 2560485 235718 120930 84253 30535 423450 244099 134514 44837 29712 12587 15857 1268 60651 28770 26089 5792 56180 31285 18421 6474 53525 53525 46944 46944 113564 38149 62366 13049 101383 74512 12302 14569 33460 16164 14073 3223 53268 25736 22403 5129 1737 839 731 167 15745 5090 9641 1014 REPAIRS & MAINT. 26082 12601 10970 2511 OTHER EXPENSES 12558 2041 10167 350 RESEARCH & DEVELOPMENT 4095 1979 1722 394 3828557 3175267 523978 129312 1271994 792214 53497 1075725 1022386 921574 33196 58491 39789 32368 9158 7421 17073778 17277477 6136576 6618673 808727 935709 26409312 27687284 334591 405788 253833 671424 278135 229193 866559 1306405 X 12498451 13712729 13044302 12668150 25542753 26380879 26409312 27687284 X -861752 1652873 47005 X 0 1 X 1 0 X 1722641 2344745 2179410 4441248 2399877 13087921 1722641 2344745 2179410 4441248 2399877 13087921 1931014 11156907 287939 322783 567144 333437 566774 2078077 1022 355 3237 176 154 4944 15170942 0.73540 0.73550 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2019 AMOUNT: $ 1,022. 2020 AMOUNT: $ 355. 2021 AMOUNT: $ 3,237. 2022 AMOUNT: $ 176. 2023 AMOUNT: $ 154. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3699245 3699245 334962 83741 0 0 264313 269706 267250 334962 1136231 1704347 228099 228099 66078 67427 66813 83741 284059 426089 17269277 13507 1751671 937157 55539 18041759 16129884 419061 1433866 659828 53706 17269277 17957194 260150 -1379293 656534 51633 16129884 14157984 580323 4099080 832355 47838 17957194 14755605 245554 197667 1005054 35788 14157984 0.67352 0.32648 0 0 39789 32368 7421 7421 ALTERNATIVE INVESTMENTS 6270108 F INVESTMENTS HELD FOR PURPOSES OF DEFERRED COMPENSATION 348565 F 6618673 GIFT ANNUITY PAYABLE 2830 LEASE OBLIGATION - OPERATING LEASE 226363 229193 4924220 1652873 304481 47005 2004359 2919861 46944 46944 2966805 4086094 304481 304481 3781613 46944 46944 3828557 PART V, LINE 4: BOARD-DESIGNATED QUASI-ENDOWMENT: AS OF JUNE 30, 2024, THE LIBRARY FOUNDATION BOARD OF TRUSTEES HELD $12,151,414 OF NET ASSETS WITHOUT DONOR RESTRICTIONS, RECEIVED AS BEQUESTS WITHOUT DONOR RESTRICTIONS, AS A QUASI-ENDOWMENT FUND. THIS FUND SUPPORTS FOUNDATION ACTIVITIES, INCLUDING SUPPORT FOR MULTNOMAH COUNTY LIBRARY, AND PAYS FOR A PORTION OF FOUNDATION OPERATIONS. PERMANENT ENDOWMENT: FUNDS DESIGNATED BY DONORS AS ENDOWMENT FUNDS ARE HELD IN PERPETUITY. THE INCOME GENERATED FROM INVESTMENT OF PERMANENTLY RESTRICTED ENDOWMENT FUNDS IS MANAGED BY THE LIBRARY FOUNDATION AND IS USED IN ACCORDANCE WITH THE DONOR'S WISHES TO FULFILL COMMITMENTS TO MULTNOMAH COUNTY LIBRARY. THE LIBRARY FOUNDATION DISBURSES THESE FUNDS IN ACCORDANCE WITH THE BOARD-APPROVED SPENDING POLICY. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN THE CARRYING VALUE OF ASSETS HELD IN CHARITABLE TRUSTS 47,005. 1 MULTNOMAH COUNTY LIBRARY 919 NE 19TH AVENUE SUITE 250 PORTLAND OR 97232 936002309 GOV'T 2509335 51150 FMV GIFT CERTIFICATES FOR TANGIBLE ITEMS, MATERIALS, AND SUPPLIES. TO SUPPORT COLLECTIONS, PROGRAMS, AND BUILDING PROJECTS OF MULTNOMAH COUNTY LIBRARY. 1 PART I, LINE 2: MULTONOMAH COUNTY LIBRARY PROVIDES THE FOUNDATION WITH QUARTERLY SPENDING REPORTS FOR ALL GRANTS AWARDED AND ANNUAL REPORTS ON OUTCOME MEASURES FOR EACH PROGRAM SUPPORTED. X X X X X 0 0 0 0 0 0 0 0 0 MERRIS SUMRALL EXECUTIVE DIR. (THRU 3/2024) 146302 0 0 0 0 0 35942 0 10773 0 193017 0 0 0 X 3 12179 MARKET PRICES X PRIZES/SUPPLIES 15 51150 DONOR PRICES 0 1 0 PART I, COLUMN (B): THE NUMBER REPORTED IN COLUMN B REPRESENTS THE NUMBER OF CONTRIBTUIONS RECEIVED. FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION'S BYLAWS AND ARTICLES OF INCORPORATION WERE UPDATED TO REPLACE "CHIEF EXECUTIVE OFFICER" WITH "EXECUTIVE DIRECTOR." FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT CPA FIRM. APPROXIMATELY ONE WEEK PRIOR TO FILING, THE DRAFT FORM 990 IS SENT ELECTRONICALLY TO ALL TRUSTEES, WITH AN EMAIL CALLING THEIR ATTENTION TO PORTIONS OF THE FORM MOST LIKELY TO BE READ BY THE PUBLIC AND FUNDERS ON GUIDESTAR. IN ADDITION, REPRESENTATIVES OF THE BOARD, APPOINTED BY THE BOARD CHAIR, WILL REVIEW AND DISCUSS, EITHER IN PERSON, VIA TELEPHONE/VIDEO CONFERENCE, OR VIA EMAIL, THE DRAFT IN ADVANCE OF ITS FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR, PRINCIPAL OFFICER, MEMBER OF A COMMITTEE WITH BOARD-DELEGATED POWERS, AND KEY EMPLOYEE SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS THAT SUCH PERSON: (1) HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY; (2) HAS READ AND UNDERSTANDS THE POLICY; (3) AGREES TO COMPLY WITH THE POLICY; (4) UNDERSTANDS THAT THE POLICY APPLIES TO ALL COMMITTEES AND SUBCOMMITTEES HAVING BOARD-DELEGATED POWERS; AND (5) UNDERSTANDS THAT THE FOUNDATION IS A CHARITABLE ORGANIZATION THAT MUST ENGAGE IN ACTIVITIES THAT ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES TO MAINTAIN ITS EXEMPT STATUS. FORM 990, PART VI, SECTION B, LINE 15A IN 2023-2024, THE BOARD OF TRUSTEES, IN PARTNERSHIP WITH A RECRUITMENT FIRM, CONDUCTED A SEARCH FOR A NEW EXECUTIVE DIRECTOR. SALARY FOR THE NEW EXECUTIVE DIRECTOR WAS DETERMINED THROUGH AN ANALYSIS OF COMPARABLE DATA, REVIEW BY INDEPENDENT FIRM, AND THE DELIBERATION AND DECISION OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS MAY BE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. SUCH REQUESTS ARE CONSIDERED ON A CASE BY CASE BASIS. FORM 990, PART VI, SECTION B, LINE 11A: THE FOUNDATION PROVIDED A COMPLETE COPY OF THE DRAFT FORM 990 TO ALL BOARD MEMBERS, EXCEPT THE FOUNDATION, AT THE REQUEST OF CERTAIN DONORS, REDACTED THE NAME AND ADDRESS OF DONORS FROM THE COPY OF ITS SCHEDULE B. FORM 990, PART XI, LINE 9: NET CHANGE IN CARRYING VALUE OF ASSETS HELD IN CHARITABLE TRUSTS 47,005.