Ventura County Library Foundation

Nonprofit profile at a glance

EIN
462770894
IRS 990 coverage
2024–2024
Forms available
Form 990 2024, Form 990-EZ 2023, Form 990-N 2014
Location
Ventura, CA, USA
Phone
8056777165
Rating
70
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Single Organization Support

Official website

Reported finances

Revenue
$564,167
Expenses
$88,468
Assets
$543,129
Liabilities
$-1

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

Leadership & pay

5 people listed

People named in this filing

  • TERRY MRVICHIN (Treasurer)
  • NANCY SCHRAM (Secretary)
  • MARY REES (Chairman)

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

The Ventura County Library Foundation will enhance access to quality Ventura County Library System services, materials, and programming for children and adults across the county by securing funding and other resources from private and public donors through strategic partnerships and alliances.

What it reported doing in 2024

For FY 2024, the Ventura County Library Foundation provided funding to Ventura County Library Systems in alignment with our mission.Literacy and Lifelong Learning programs, workshops, and events reaching more than 60,000 people of all ages. Innovative programming includes One County One Book, Literacy at Juvenile Justice, and Summer Lunch at the Library for school age children ($30,017).Technology and Digital Access support through the lending of over 700 Wi-Fi hotspots. ($23,400). Mobile Library Services and Access including community outreach and joint School Mobile Library bringing programming to more than 20,000 adults and students throughout Ventura County ($15,000).STEAM kits and programming including approximately 6,000 STEAM kits given away for self-directed youth activities at their own home ($10,000).

Operating model

Revenue model
Donor-supported. 98% of the money available for current operations came from contributions and gifts.
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 some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 48
  • Transparency & Controls: 92
  • Accountability: 82
  • Sustainability: 81
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 15.2%; rating input score 15
  • Program expense ratio: 88.6%; rating input score 89
  • Fundraising efficiency: $112.82 raised per $1 spent on fundraising; rating input score 88; 88th 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; 63rd percentile among comparable filings
  • Governance controls: 4 of 7 controls in place; rating input score 57
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • 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: 84.3%; rating input score 98; 98th percentile among comparable filings
  • Total-asset coverage ratio: 6.14; rating input score 87; 87th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 32.4% per year; rating input score 100; 93rd percentile among comparable filings
  • Asset growth: 23% per year; rating input score 100; 85th percentile among comparable filings

Details

  • Where the money goes: 15.2% of revenue deployed · 88.6% of spending went to programs
  • Governance: 16 of 16 board members independent · 4 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $78K in reported program spending
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 20 of 20 current checks pass
  • Schedules: 4 filed schedules · includes major donors
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • 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.

  • High — Financial Efficiency: Mission deployment rate scored 15/100.
  • Review — Accountability: Governance controls: 2 of 6 not reported.