The Library Foundation Inc
Public records show a registered, tax-exempt organization in good standing.
Points to look into
- Only 25% of its spending went to programs.
- Raising each dollar of donations cost 75 cents.
These come from the organization's own tax return. There may be a good explanation; ask the charity.
What it says it does
SUPPORT OF THE LIBRARY PROGRAMS AT CAMPBELL COUNTY PUBLIC LIBRARY.
- Income
- $376,199
- Spending
- $143,053
- Spent on programs
- 25%
- Reserves
- Over 10 years of spending
- Largest source of income
- other income, 88%
- Employees
- 1
- Volunteers
- 254
- Highest pay
- $86,586, library dire
Source: Form 990 for the year ending June 30, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Good: 81 out of 100.
Reserves
35 of 35Spendable reserves would cover more than ten years of spending.
Debt
16 of 20It owes 28% of what it owns.
Living within its means
15 of 15Income exceeded spending by 62% of income.
Income trend
15 of 15Income rose 27% on the year before.
Spending floor
0 of 1525% of spending went to programs and raising each dollar of donations cost 75 cents.
Source: Form 990 for the year ending June 30, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Weak: 46 out of 100.
Independent board
25 of 258 of 8 voting board members are independent.
Conflict of interest policy
0 of 15Reports no written conflict of interest policy.
Whistleblower policy
0 of 8Reports no written whistleblower policy.
Record keeping policy
0 of 7Reports no written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
0 of 10Did not give the board a copy of this return before filing it.
Pay set independently
0 of 5Reports no independent review process for its chief executive's pay.
Independent check of accounts
6 of 15Its accounts were not audited or reviewed by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending June 30, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (5)
- $15,603 spent. STAFF SUPPORT - A TOP GOAL FOR THE LIBRARY IS TO FOSTER STAFF DEVELOPMENT AND A POSITIVE ORGANIZATIONAL CULTURE. THE LIBRARY FOUNDATION SUPPORTS THIS GOAL BY ASSISTING WITH COSTS FOR STAFF TRAINING AND RELATED TRAVEL AS WELL AS FOR EXPENSES RELATED TO STAFF APPRECIATION.
- $12,037 spent. THE LIBRARY FOUNDATION IS THE FISCAL SPONSOR OF THE DOLLY PARTON PROGRAM. THEY AGREED TO BE THE FISCAL SPONSOR BECAUSE THE PROJECT SUPPORTS EARLY LITERACY, WHICH IS ALSO THE PURPOSE OF THE LIBRARY. FUNDRAISING IS HANDLED BY TWO COMMUNITY MEMBERS WHO TOOK ON THIS COMMUNITY PROJECT. THESE TWO INDIVIDUALS ARE VOLUNTEERS WHO RAISE FUNDS FOR BOOKS AND SIGN UP MEMBERS OF THE COMMUNITY TO RECEIVE FREE CHILDREN'S BOOKS FOR KIDS 0 TO AGE 5. THE DOLLY PARTON FOUNDATION PROVIDES THE BOOKS VIA MAIL TO KIDS AT A GREATLY DISCOUNTED PRICE (THE DOLLY PARTON FOUNDATION COVERS MOST OF THE COST OF BOOKS/POSTAGE). THE LIBRARY FOUNDATION DEPOSITS FUNDRAISING PROCEEDS AND PAYS FOR THE BOOKS OUT OF THE THE LIBRARY FOUNDATION'S DOLLY PARTON FIB BANK ACCOUNT.
- ART - ARTWORK IS PURCHASED FOR THE CAMPBELL COUNTY PUBLIC LIBRARY FOR DISPLAY. THESE PIECES ARE PURCHASED AND MAINTAINED BY THE FOUNDATION.
- $8,704 spent. OTHER PROGRAM REVENUE INCLUDES ADULT PROGRAMS, NATIONAL LIBRARY WEEK, SUMMER READING, SCANNING & COPYING SERVICES, AND BOOK SALES.
- OTHER PROGRAM REVENUE INCLUDES ADULT PROGRAMS, NATIONAL LIBRARY WEEK, SUMMER READING, SCANNING & COPYING SERVICES, AND BOOK SALES.
Source: Form 990 for the year ending June 30, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
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 September 7, 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 September 30, 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 September 10, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending June 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since December 1976.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 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 October 7, 2026.
Could it be confused with another charity? Worth knowing.
A much larger organization has a similar name: The Foundation (Houston, TX), EIN 92-0742101. If that is the one you meant, check the EIN before giving.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 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.