Passes our checks

Mount Vernon Library Foundation

EIN 27-3319412 · Mount Vernon, WA

Public records show a registered, tax-exempt organization in good standing.

What it says it does

THE MOUNT VERNON LIBRARY FOUNDATIONS PRINCIPAL MISSION IS TO FOSTER COMMUNITY SUPPORT FOR THE LIBRARY, ITS BOARD, AND ITS STAFF.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Good: 85 out of 100. Higher than 61% of charities in its peer group (education, under $250k).

Reserves
35 of 35
Spendable reserves would cover 26.2 months of spending.
Debt
20 of 20
It owes 0% of what it owns.
Living within its means
15 of 15
Income exceeded spending by 34% of income.
Income trend
0 of 15
Income fell 26% on the year before.
Spending floor
15 of 15
83% of spending went to programs and raising each dollar of donations cost 9 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Fair: 50 out of 100. Higher than 24% of charities in its peer group (education, under $250k).

Independent board
25 of 25
8 of 8 voting board members are independent.
Conflict of interest policy
0 of 15
Reports no written conflict of interest policy.
Whistleblower policy
0 of 8
Reports no written whistleblower policy.
Record keeping policy
0 of 7
Reports no written policy on keeping and destroying records.
Board minutes
5 of 5
Keeps minutes of board meetings.
Board sees the tax return
0 of 10
Did not give the board a copy of this return before filing it.
No reported misuse
10 of 10
Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (1)

$128,114 spent. 2024 SERVICE AND ACCOMPLISHMENTS: WE SPENT THE YEAR IN MANY FUND-RAISING ENDEAVORS INCLUDING FOCUSED PARTIES, LETTERS TO POSSIBLE DONORS, ASKING AT SERVICE GROUP MEETINGS, CONTACTING GRANT FUNDING ORGANIZATIONS, AND PUTTING TOGETHER A VERY SUCCESSFUL FUND-RAISING EVENT AT THE LINCOLN THEATRE WITH TIMOTHY EGAN. ORGANIZED DONATIONS FOR A DONOR WALL AT THE NEW LIBRARY. HELPED LIBRARY STAFF WITH A GOOD-BYE PARTY FOR THE OLD LIBRARY. TEARS, SMILES, COOKIES, AND GALLONS OF PUNCH. WE ESTABLISHED A PROCESS FOR MAKING OVER OUR WEBSITE WHICH IS ONGOING. MAYOR PETER DONOVAN ATTENDED A MEETING TO THANK US FOR OUR FUND-RAISING EFFORTS. WE SUPPORTED THE MOVE TO THE NEW LIBRARY WITH PURCHASE OF NEW BOOKS, MAKER SPACE EQUIPMENT AND GAMING SUPPLIES FOR THE NEW TEEN ROOM,LOTS OF NEW BOOKS AND SHELVES FOR THE CHILDRENS ROOM, AND SPECIAL FOREIGN LANGUAGE BOOKS. THE FOUNDATION ACCEPTED TWO BRONZE STATUES FOR THE CHILDRENS ROOM AND A SIGNED KARSH PHOTOGRAPH OF ERNEST HEMINGWAY TO INCREASE OUR COLLECTION. WE SUPPORTED A SUCCESSFUL DIA (CHILDRENS DAY) AT HILLCREST PARK WHERE EACH CHILD ATTENDING RECEIVED A BOOK.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since March 2012.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.