Friends of the Cherry Valley Library
Nonprofit profile at a glance
- EIN
- 942789687
- IRS 990-EZ coverage
- 2012–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2010
- Location
- Petaluma, CA, USA
- Phone
- 7077784740
- Rating
- 89
- Verdict
- STRONG
- Rating confidence
- Moderate
Reported finances
- Revenue
- $41,290
- Expenses
- $48,094
- Assets
- $65,293
- Liabilities
- $320
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
4 people listed
People named in this filing
- SARAH SEITCHIK SEBASTIAN (CO-CHAIR)
- NINA GRUENER (CO-CHAIR)
- SARAH RAINEY (LIBRARIAN)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To support and maintain the quality of the cherry valley elementary school library and its services.
What it reported doing in 2024
THE CHERRY VALLEY SCHOOL BECAME A CHARTER SCHOOL IN THE LATE 1990'S; AND ALTHOUGH STILL A PART OF PETALUMA CITY SCHOOL DISTRICT, DOES NOT RECEIVE THE FUNDING THAT IT DID AT ONE TIME. THE FRIENDS OF CHERRY VALLEY LIBRARY'S BIGGEST ACHIEVEMENT HAS BEEN TO PAY PART OF THE LIBRARIAN'S SALARY TO ALLOW FOR FULL-TIME SERVICES, TO PURCHASE BOOKS, AND TO PROVIDE LITERARY EVENTS AND SUPPLIES.By having a full-time librarian the library is able to stay open all day when school is in session, from 8 until 3:30. This allows a place for children and families to gather before and after school, as well as a place for children during their lunch and recess breaks. Each classroom has a scheduled weekly visit to the library. Teachers use the library to support their curriculum and classroom activities. The librarian teaches a book club elective class to the 6-8 grade children. The FCVL has a relationship with Sonoma State University's credentialed program and student teachers allowing use of library to support their education. The Library houses approximately 11,000 books, and for the last few years, book purchases have been made available solely through the FCVL contributions as there is no federal or state funding.FCVL serves Cherry Valley, a K-8 school, with 420 students plus staff members as well as the on-site preschool community of 20 children. All families are also welcome full use of the library. The Library is supported by family and extended family, providing approximately 50 hours per week of volunteer hours.
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- 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
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 99
- Transparency & Controls: 82
- Sustainability: 38
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 96.9%; rating input score 97
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -16.5%; rating input score 25; 25th percentile among comparable filings
- Total-asset coverage ratio: 1.36; rating input score 55; 55th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 31; 31st percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 4.7% per year; rating input score 100; 61st percentile among comparable filings
- Revenue growth: 1.9% per year; rating input score 100; 60th percentile among comparable filings
- Asset growth: 1.9% per year; rating input score 100; 46th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 96.9% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $47K in reported program spending
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 2 filed schedules
- Filing history: 13 filing years from 2012 to 2024
- Contacts: How to reach this organization
- 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 — Sustainability: Operating margin scored 25/100.
- Review — Sustainability: Total-asset coverage ratio scored 55/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 31/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.