Friends of the Pima County Public Library
Nonprofit profile at a glance
- EIN
- 237201040
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- Tucson, AZ, USA
- Phone
- 5207953763
- Rating
- 92
- Verdict
- STRONG
- Rating confidence
- Moderate
Reported finances
- Revenue
- $1,036,253
- Expenses
- $938,332
- Assets
- $2,532,693
- Liabilities
- $6,345
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
11 people listed
Executive titles in this filing
- PENNY MORENO (PRESIDENT)
- PETER WELLER (VICE PRESIDENT)
- LIBBY STONE (EXECUTIVE DIRECTOR)
Highest reported compensation
- LIBBY STONE (EXECUTIVE DIRECTOR): $79,374 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To enrich generations of our vibrant, engaged community. Friends' dedicated volunteers and staff enact this vision by selling books and other donated items, providing supplemental funding for enhanced library programs and services.
What it reported doing in 2024
The friends of pima county public library is a group of avid library supporters. The friends was founded in 1969 to raise funds for special and innovative library programs, equipment and services which are not part of the normal annual county-funded budget. We accomplish this by raising funds through the sale of donated books and a/v materials and membership dues. We have community and members book sales at our building located at 3121 e. Bray road. We also sell books online, at 19 retail carts in library branches, and various community and neighborhood events, including the tucson festival of books. (continued on schedule o)after the community sales, the friends open up their book barn to local non-profit organizations, little free libraries, prisons/jails, and literacy groups to select free books for their clients/service areas. With a large group of dedicated volunteers, the friends have provided over $2.5 million to the pima county public library over the last ten years. These donations help make possible the sponsorship of programs such as the summer reading program, southwest literature project, project lift, first card, nuestras raices, and hundreds of smaller and one-time projects. The library requested and received $261,401 from the friends for the 2024-2025 fiscal year.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 67% for direct work, and 33% for grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 94
- Transparency & Controls: 94
- Accountability: 90
- Sustainability: 64
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 85.3%; rating input score 85
- Fundraising efficiency: $250.42 raised per $1 spent on fundraising; rating input score 93; 93rd percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 76th 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: 6 of 8 controls in place; rating input score 75
- 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: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 9.4%; rating input score 60; 60th percentile among comparable filings
- Total-asset coverage ratio: 2.7; rating input score 73; 73rd percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 77; 77th percentile among comparable filings
- Officer compensation ratio: 8.5%; rating input score 42; 42nd percentile among comparable filings
Growth
- Program expense growth: 5.1% per year; rating input score 100; 43rd percentile among comparable filings
- Revenue growth: 4.6% per year; rating input score 100; 41st percentile among comparable filings
- Asset growth: 2.7% per year; rating input score 100; 28th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 85.3% of spending went to programs
- Governance: 10 of 10 board members independent · 6 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $801K in reported program spending
- Leadership: top reported pay $79K · 11 people listed
- Consistency: 27 of 27 current checks pass
- Schedules: 7 filed schedules · includes major donors and grants
- Filing history: 15 filing years from 2009 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.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- Moderate — Sustainability: Officer compensation ratio scored 42/100.