Overview
What is Pacific Grove Public Library Foundation?
The Pacific Grove Public Library Foundation is a nonprofit organization, legally established under California law, with a mission to provide long-term financial support for the Pacific Grove Public Library. This support aims to complement, not replace, public funding for the library. The Foundation demonstrated its commitment by granting $38,000 to the City of Pacific Grove for specific library programs. Additionally, it provided fellow support organization Pacific Grove Public Library Friends and Foundation with residual cash and an investment portfolio worth over a million dollars, managed by the Community Foundation for Monterey County. The Foundation's role is essential in enhancing the library's resources and services for the Pacific Grove community.
Is Pacific Grove Public Library Foundation legitimate?
Pacific Grove Public Library Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pacific Grove Public Library Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
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What is the mission statement of Pacific Grove Public Library Foundation?
The Pacific Grove Public Library Foundation, established as a non-profit organization under California law, aims to provide a sustainable source of financial support for the Pacific Grove Public Library. This support is intended to enhance, but not replace, the library's public funding. The foundation's efforts include granting funds for specific library programs and providing financial assistance to supporting organizations. As of the provided information, the Foundation has contributed $38,000 to the library and $6,612 to the Pacific Grove Public Library Friends and Foundation, with an investment portfolio valued at over a million dollars held in trust.
Who is the CEO of Pacific Grove Public Library Foundation?
Noreen Nance is the President of Pacific Grove Public Library Foundation.
What is the revenue of Pacific Grove Public Library Foundation?
Pacific Grove Public Library Foundation's revenue in 2022 was $1,088,902.
Who are the executives of Pacific Grove Public Library Foundation and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for Pacific Grove Public Library Foundation?
Pacific Grove Public Library Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Pacific Grove Public Library Foundation
The Pacific Grove Public Library Foundation, a non-profit public benefit corporation established under California law, has a mission to provide a reliable source of long-term financial support for the Pacific Grove Public Library. This support is intended to enhance, but not replace, the public funding allocated to the library. The Foundation's primary goal is to ensure the library has the necessary resources to continue its operations and services, ultimately benefiting the community as a whole. Through its initiatives, the Foundation has granted funds to the Pacific Grove Public Library and other supporting organizations, demonstrating its commitment to the library's wellbeing and the community it serves.
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Impact
October, 2024
The Pacific Grove Public Library Foundation plays a crucial role in enhancing the resources and programs available at the Pacific Grove Public Library. By providing significant financial support, including a grant of $38,000 specifically designated for targeted library programs, the Foundation ensures that the library can offer invaluable resources to the community. Additionally, the Foundation bolsters the efforts of the Pacific Grove Public Library Friends and Foundation with over $6,612 in residual funds and manages an investment portfolio valued at over $1 million. This long-term financial support not only enhances the library's offerings but also helps maintain a sustainable model that supplements public funding, making it a vital asset to the city and its residents.
This information is meant to be a general summary of Pacific Grove Public Library Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $25,387
- Gross Receipts: $1,088,902
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Organization Details
Principal Officer
Noreen Nance
Main Address
POBox EH, Pacific Grove, CA, 93950
NTEE Category
Code: P19 - Human services
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