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Nonprofit · EIN 65-0315112

THE LIBRARY FOUNDATION OF MARTIN COUNTY INC

Tax-exempt · STUART, FL 34996

Financials

$575K$489K2022$609K$539K2023$1.1M$443K2024
Revenue Expenses · by fiscal year end
Financials of THE LIBRARY FOUNDATION OF MARTIN COUNTY INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
September 30, 2025990$1,115,794$443,447$672,347$4,588,891$10,060$4,578,831
September 30, 2024990$609,043$538,902$70,141$4,422,487$5,968$4,416,519
September 30, 2023990$575,031$488,776$86,255$3,818,243$0$3,818,243
Financial details: 990 for the year ended September 30, 2025

Revenue

Contributions, gifts and grants
$310,057
Membership dues
$24,462
Program service revenue
$0
Investment income
$805,707
Net gain from sales of assets
$500,157
Other revenue
$30

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$129,356
Other salaries and wages
$51,502
Salaries, compensation and benefits (total)
$194,707
Professional fundraising fees
$0
Program services (functional)
$339,736
Management and general (functional)
$63,571
Fundraising (functional)
$40,140

Balance sheet and other

Total assets, start of year
$4,422,487
Total assets, end of year
$4,588,891
Total liabilities, end of year
$10,060
Net assets, end of year
$4,578,831
Publicly traded securities
$4,532,052
Net assets without donor restrictions
$2,929,685
Net assets with donor restrictions
$1,649,146
Gross receipts
$4,381,952
Employees
3
Year formed
1992
State of legal domicile
FL

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended September 30, 2025, highest compensation first.

NameTitleHours / weekCompensation
MICHAEL KENNYCHIEF EXECUTIVE OFFICER
Officer
40$121,627
KEITH GARDERETREASURER
Trustee or director, Officer
2.1$0
PATRICIA DITMARSSECRETARY
Trustee or director, Officer
2.1$0
KAREN JOHNSONCHAIR
Trustee or director, Officer
2.1$0
KHERRI ANDERSONDIRECTOR
Trustee or director
0.2$0
PREETHI SEKHARANDIRECTOR
Trustee or director
0.2$0
990 for the year ended September 30, 2024: 6 people
NameTitleHours / weekCompensation
MICHAEL KENNYCHIEF EXECUTIVE OFFICER
Officer
40$108,821
KHERRI ANDERSONDIRECTOR
Trustee or director
0.2$0
PREETHI SEKHARANDIRECTOR
Trustee or director
0.2$0
KEITH GARDERETREASURER
Trustee or director, Officer
2.1$0
PATRICIA DITMARSSECRETARY
Trustee or director, Officer
2.1$0
KAREN JOHNSONCHAIR
Trustee or director, Officer
2.1$0
990 for the year ended September 30, 2023: 6 people
NameTitleHours / weekCompensation
MICHAEL KENNYCHIEF EXECUTIVE OFFICER
Officer
40$103,791
KHERRI ANDERSONDIRECTOR
Trustee or director
0.2$0
PREETHI SEKHARANDIRECTOR
Trustee or director
0.2$0
KEITH GARDERETREASURER
Trustee or director, Officer
2.1$0
PATRICIA DITMARSSECRETARY
Trustee or director, Officer
2.1$0
KAREN JOHNSONCHAIR
Trustee or director, Officer
2.1$0

Address and contacts

Address (IRS master file)
2351 SE MONTEREY RD, STUART, FL 34996-3331
In care of
% MICHAEL KENNY
Principal officer (990 for 2024)
MICHAEL KENNY, 2351 SE MONTEREY ROAD, Stuart, FL 34996
Signed the 990
MICHAEL KENNY, CEO
Phone
(772) 221-1409
Return prepared by
Ricciardella CPA PLLC

Mission

FOUNDED IN 1992, THE LIBRARY FOUNDATION OF MARTIN COUNTY IS A MEMBERSHIP-BASED ORGANIZATION THAT SOLICITS DONATIONS FROM INDIVIDUALS, BUSINESSES AND FOUNDATIONS TO SUPPORT AND ADVANCE THE PROGRAMS, SERVICES AND FACILITIES OF THE MARTIN COUNTY LIBRARY SYSTEM.

990 for the year ended September 30, 2025

Program accomplishments

  • Youth Programs - Annual Summer Reading Program for children and STEM and STEAM programming for children.
    Expenses $179,676
  • Literacy Services - Literacy programs and services for children which include, 1000 Books Before Kindergarten, 1000 Black Girl Books, Ready, Set GO and Dolly Partons Imagination Library.
    Expenses $93,446
  • Library Branches - Program services for the Martin County library system.
    Expenses $56,466
  • Other - Adult Services and Community Outreach
    Expenses $10,148

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in September, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025September 30, 2026February 16, 2027Not due yet
2024September 30, 2025February 17, 2026990 on file
2023September 30, 2024February 18, 2025990 on file

IRS record

EIN
65-0315112
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1992
Accounting year ends
September
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B70J)
Assets (IRS master file)
$4,588,891
Income (IRS master file)
$4,381,952

Filing history

FormYear endedRevenueExpensesAssetsReturn
990September 2025$1,115,794$443,447$4,588,891XML
990September 2024$609,043$538,902$4,422,487IRS
990September 2023$575,031$488,776$3,818,243XML
990September 2022–––IRS
990September 2021–––IRS
990September 2020–––IRS
990September 2019–––IRS
990September 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 65-0315112).

Questions about THE LIBRARY FOUNDATION OF MARTIN COUNTY INC

What is the EIN of THE LIBRARY FOUNDATION OF MARTIN COUNTY INC?
The employer identification number (EIN) of THE LIBRARY FOUNDATION OF MARTIN COUNTY INC is 65-0315112.
Is THE LIBRARY FOUNDATION OF MARTIN COUNTY INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1992.
Are donations to THE LIBRARY FOUNDATION OF MARTIN COUNTY INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does THE LIBRARY FOUNDATION OF MARTIN COUNTY INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of THE LIBRARY FOUNDATION OF MARTIN COUNTY INC due?
The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did THE LIBRARY FOUNDATION OF MARTIN COUNTY INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended September 2025.
Who is the principal officer of THE LIBRARY FOUNDATION OF MARTIN COUNTY INC?
The 990 for the year ended September 30, 2025 names MICHAEL KENNY.
Who are the officers and directors of THE LIBRARY FOUNDATION OF MARTIN COUNTY INC?
The 990 for the year ended September 30, 2025 lists 6 people; 1 received compensation from the organization, the highest $121,627 (MICHAEL KENNY, CHIEF EXECUTIVE OFFICER).
How much revenue does THE LIBRARY FOUNDATION OF MARTIN COUNTY INC have?
On its 990 for the year ended September 30, 2025 it reported revenue of $1,115,794, expenses of $443,447 and total assets of $4,588,891 at year end.

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