Newport Public Library Foundation Inc

Nonprofit profile at a glance

EIN
931056759
IRS 990 coverage
2016–2024
Forms available
Form 990 2024
Location
Newport, OR, USA
Phone
5412652153
Rating
73
Verdict
SUPPORTED
Rating confidence
Moderate

Reported finances

Revenue
$83,357
Expenses
$43,681
Assets
$1,016,921
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

9 people listed

Executive titles in this filing

  • ELIZABETH SAGER (PRESIDENT)

People named in this filing

  • ELIZABETH SAGER (PRESIDENT)
  • GRETCHEN HAVNER (TREASURER)
  • ELIJAH COE (HIGH SCHOOL)

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

To cooperate with the newport public library to encourage education and the reading of books through a wide use of the library facilities and to generally benefit, support, and promote the activities of the newport public library.

What it reported doing in 2024

Our primary mission is to purchase library materials and support library programs. There was an increase in individuals participating in the youth summer reading program, the youth monthly outreach program, the adult summer reading program, and all other adult programs saw increases in participants as well. The foundation focused on acquiring items for the library of things, laptop lending, and improving the latinx and indigenous language book collections. The foundation also funded an outdoor art project, music series and purchase of a library outreach bike.

Operating model

Revenue model
Investment-supported. 73% of the money available for current operations came from recurring investment income.
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 a large share of total spending goes to programs. 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: 60
  • Transparency & Controls: 92
  • Accountability: 64
  • Sustainability: 80
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 57.1%; rating input score 57
  • Program expense ratio: 76.1%; rating input score 76
  • Fundraising efficiency: $2.35 raised per $1 spent on fundraising; rating input score 25; 25th 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: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 1 of 7 controls in place; rating input score 14
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 47.6%; rating input score 87; 87th percentile among comparable filings
  • Total-asset coverage ratio: 23.28; rating input score 82; 82nd percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 69; 69th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 60; 60th percentile among comparable filings

Growth

  • Program expense growth: 12.6% per year; rating input score 100; 78th percentile among comparable filings
  • Revenue growth: 7.9% per year; rating input score 100; 84th percentile among comparable filings
  • Asset growth: 5.9% per year; rating input score 100; 69th percentile among comparable filings

Details

  • Where the money goes: 57.1% of revenue deployed · 76.1% of spending went to programs
  • Governance: 8 of 8 board members independent · 1 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $33K in reported program spending
  • Leadership: top reported pay $0 · 9 people listed
  • Consistency: 16 of 16 current checks pass
  • Schedules: 3 filed schedules · includes major donors
  • Filing history: 9 filing years from 2016 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.

  • Review — Financial Efficiency: Mission deployment rate scored 57/100.
  • High — Accountability: Governance controls: 5 of 6 not reported.
  • High — Financial Efficiency: Fundraising efficiency scored 25/100.