The Corvallis-Benton County Public Library Foundation Inc
Public records show a registered, tax-exempt organization in good standing.
What it says it does
OUR NAME HAS CHANGED TO THE FRIENDS AND FOUNDATION OF THE CORVALLIS-BENTON COUNTY PUBLIC LIBRARY AND OUR MISSION STATEMENT HAS ALSO CHANGED. IT IS:TO ENRICH THE LIVES OF THE PEOPLE IN BENTON COUNTY BY FOSTERING A VIBRANT, ACCESSIBLE AND INCLUSIVE CORVALLIS-BENTON COUNTY PUBLIC LIBRARY SYSTEM THROUGH ADVOCACY, VOLUNTEERISM AND PHILANTHROPIC SUPPORT. WE ENVISION A THRIVING AND INCLUSIVE COMMUNITY WHERE THE CORVALLIS-BENTON COUNTY PUBLIC LIBRARY IS A CORNERSTONE OF LIFELONG LEARNING, INSPIRATION AND CONNECTION FOR RESIDENTS.
- Income
- $1.2 million
- Spending
- $116,668
- Spent on programs
- 61%
- Reserves
- Over 10 years of spending
- Largest source of income
- donations and private grants, 75%
- Employees
- 0
- Volunteers
- 121
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Strong: 93 out of 100. Higher than 83% of charities in its peer group (education, $1m to $10m).
Reserves
35 of 35Spendable reserves would cover more than ten years of spending.
Debt
20 of 20It owes 0% of what it owns.
Living within its means
15 of 15Income exceeded spending by 90% of income.
Income trend
15 of 15Income rose 211% on the year before.
Spending floor
8 of 1561% of spending went to programs and raising each dollar of donations cost 3 cents.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Fair: 68 out of 100. Higher than 23% of charities in its peer group (education, $1m to $10m).
Independent board
25 of 2518 of 18 voting board members are independent.
Conflict of interest policy
15 of 15Has a 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
10 of 10Gave the board a copy of this return before filing it.
Independent check of accounts
0 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, 2025, 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 (1)
- $70,723 spent. THE FRIENDS & FOUNDATION PROVIDES FUNDING TO MAKE IT POSSIBLE FOR THE MAIN LIBRARY AND ALL BRANCH LIBRARIES TO BETTER MEET THE NEEDS OF LIBRARY PATRONS. FUNDING ACTIVITIES CONDUCTED IN 2024-25 INCLUDED THE FOLLOWING.- TRANSFERRED 27,730 IN DONOR DESIGNATED FUNDS COLLECTED IN PRIOR FISCAL YEARS TO THE CORVALLIS-BENTON COUNTY PUBLIC LIBRARY FOR PURCHASE OF MATERIALS FOR THE COLLECTION, INCLUDING LARGE PRINT MATERIALS.- TRANSFERRED $416 IN DONOR DESIGNATED FUNDS COLLECTED IN PRIOR FISCAL YEAR TO THE CORVALLIS-BENTON COUNTY PUBLIC LIBRARY FOR THE READ DOG PROGRAM AND PAID $16,189 TO VENDORS AT THE LIBRARY'S REQUEST IN SUPPORT OF LIBRARY PROGRAMMING. THESE EXPENDITURES INCLUDED PAYMENTS TO PROGRAM PRESENTERS, A PROJECT TO IMPROVE SIGNAGE FOR WAYFINDING IN BULDINGS, EQUIPMENT MAINTENANCE, AND THE PURCHASE OF SMALL EQUIPMENT AND SUPPLIES IN SUPPORT OF LIBRARY PROGAMMING.- TRANSFERRED $13,500 IN DONOR DESIGNATED FUNDS COLLECTED IN PRIOR FISCAL YEARS TO ALSEA COMMUNITY EFFORT FOR SUPPORT OF OPERATIONS AT THE ALSEA COMMUNITY LIBRARY.- PAID VENDORS AT THE REQUEST OF THE BENTON-COUNTY PUBLIC LIBARARY FOR STAFF ATTENDANCE AT THE OREGON LIBRARY ASSOCIATION CONFERENCE, THE AMERICAN LIBRARY ASSOCIATION CONFERENCES, AND TRAINING SESSIONS FOR THE KOHA INTEGRATED LIBRARY SYSTEM.- PAID VENDORS AT THE REQUEST OF THE SOUTH BENTON COUNTY ENHANCEMENT ASSOCIATION TO SUPPORT THE MONROE COMMUNITY LIBRARY.
Source: Form 990 for the year ending June 30, 2025, 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 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 June 2025.
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 June 1992.
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.