Delray Beach Public Library Association Inc
Nonprofit profile at a glance
- EIN
- 590217683
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024
- Location
- Delray Beach, FL, USA
- Phone
- 5612669489
- Rating
- 67
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Libraries
Reported finances
- Revenue
- $2,768,722
- Expenses
- $2,678,599
- Assets
- $13,767,490
- Liabilities
- $252,207
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
11 people listed
Executive titles in this filing
- MYKAL BANTA (EXECUTIVE DIRECTOR)
- ANN PATON (VICE PRESIDENT)
- JOYCELYN PATRICK (PRESIDENT)
Highest reported compensation
- KAE JONSONS (DEV & COMMUNITY RELATIONS): $163,865 total reported compensation
- MYKAL BANTA (EXECUTIVE DIRECTOR): $151,383 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
We ignite curiosity, fuel discovery, and encourage creativity through access to trusted information, resources, and community connections.
What it reported doing in 2024
The library offers services and programs for children, youth and adults of all ages and interests. The library has a collection of books and reference materials in excess of 135,000 (circulation) books, magazines, newspapers and electronic databases. During the current year, the library had over 290,000 visits from patrons and issued over 6,644 new library cards. The library also held approximately 2,524 programs for children, youth and adults with over 13,500 attending these programs. The library provided computer access for adults and children with over 39,365 adult log-ins. The library has meeting rooms available for library programs which can also be rented by community groups and organizations.
Operating model
- Revenue model
- Grant-funded. 82% of the money available for current operations came from government grants.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 52
- Transparency & Controls: 70
- Accountability: 100
- Sustainability: 58
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 56.9%; rating input score 57
- Program expense ratio: 52.9%; rating input score 53
- Fundraising efficiency: $7.09 raised per $1 spent on fundraising; rating input score 26; 26th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 8 of 8 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 3.3%; rating input score 45; 45th percentile among comparable filings
- Total-asset coverage ratio: 5.14; rating input score 84; 84th percentile among comparable filings
- Liabilities to assets ratio: 0.02; rating input score 81; 81st percentile among comparable filings
- Officer compensation ratio: 11.8%; rating input score 25; 25th percentile among comparable filings
Growth
- Program expense growth: -0.3% per year; rating input score 0; 13th percentile among comparable filings
- Revenue growth: 1% per year; rating input score 100; 15th percentile among comparable filings
- Asset growth: -1.8% per year; rating input score 0; 8th percentile among comparable filings
Details
- Where the money goes: 56.9% of revenue deployed · 52.9% of spending went to programs
- Governance: 9 of 9 board members independent · 8 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $1.4M in reported program spending
- Leadership: top reported pay $164K · 11 people listed · 1 of 6 pay-setting controls reported
- Consistency: 31 of 31 current checks pass
- Schedules: 6 filed schedules · includes major donors and executive pay
- Filing history: 12 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Financial Efficiency: Mission deployment rate scored 57/100.
- Review — Financial Efficiency: Program expense ratio scored 53/100.
- High — Financial Efficiency: Fundraising efficiency scored 26/100.
- High — Growth: Program expense growth scored 0/100.
- Moderate — Sustainability: Operating margin scored 45/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 25/100.