Friends and Foundation of the Corvallis- Benton County Public Library
Nonprofit profile at a glance
- EIN
- 930933948
- IRS 990 coverage
- 2020–2024
- Forms available
- Form 990 2024
- Location
- Corvallis, OR, USA
- Phone
- 5417666928
- Rating
- 66
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $1,221,658
- Expenses
- $116,668
- Assets
- $4,723,505
- Liabilities
- $36
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
21 people listed
Executive titles in this filing
- DOLLY CHAO (President)
- ROBERT HULSHOF-SCHMIDT (Vice President)
People named in this filing
- DOLLY CHAO (President)
- ROBERT HULSHOF-SCHMIDT (Vice President)
- JACQUE SCHRECK (Secretary)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
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.
What it reported doing in 2024
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.
Operating model
- Revenue model
- Donor-supported. 91% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
- Includes noncash contributions: Reported contributions include donated property or goods.
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 some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 36
- Transparency & Controls: 88
- Accountability: 76
- Sustainability: 95
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 13.5%; rating input score 13
- Program expense ratio: 60.6%; rating input score 61
- Fundraising efficiency: $36.44 raised per $1 spent on fundraising; rating input score 72; 72nd percentile among comparable filings
Transparency & Controls
- Consistency checks: 91.7%; rating input score 92; 12th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 97.3%; rating input score 97; 45th percentile among comparable filings
- 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: 3 of 7 controls in place; rating input score 43
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 90.5%; rating input score 99; 99th percentile among comparable filings
- Total-asset coverage ratio: 40.49; rating input score 99; 99th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 83; 83rd percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings
Growth
- Program expense growth: 11.2% per year; rating input score 100; 66th percentile among comparable filings
- Revenue growth: 27.1% per year; rating input score 100; 91st percentile among comparable filings
- Asset growth: 10.9% per year; rating input score 100; 62nd percentile among comparable filings
Details
- Where the money goes: 13.5% of revenue deployed · 60.6% of spending went to programs
- Governance: 18 of 18 board members independent · 3 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $71K in reported program spending
- Leadership: top reported pay $0 · 21 people listed
- Consistency: 19 of 20 current checks pass · 1 finding to review
- Schedules: 7 filed schedules · includes major donors and grants
- Filing history: 4 filing years from 2020 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Related organizations: 2 filed related-organization links
- 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.
- High — Financial Efficiency: Mission deployment rate scored 13/100.
- Moderate — Accountability: Governance controls: 3 of 6 not reported.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.