2024-05-11T12:59:42-07:00 2023-12-31 990 2023-01-01 770011448 FRIENDS OF LOS OSOS LIBRARY FRIE 8055281689 PO Box 6303 Los Osos CA 93412 Marian Lawson Treasurer 8055281689 2024-05-11 Marian Lawson 999009999 1 1 11 0 AAL2 2023 2023-04-26 12:10:37Z Jim Stanfill 1250 Scenic Way Los Osos CA 93412 2347897 0 X losososlibraryfriends.org X 1983 CA Raise funds to provide financial support to the Los Osos branch of the San Luis Obispo County Library, to meet the community contribution requirement for a new or expanded library facility, and to promote literary activity and achievement among the general public. 9 9 0 9 0 0 7721 5401 0 0 31160 -46194 3099 1366 41980 -39427 0 0 0 0 0 0 0 0 0 13798 13815 13798 13815 28182 -53242 2311116 2584715 0 0 2311116 2584715 Raise funds to provide financial support to the Los Osos branch of the San Luis Obispo County Library and to meet the community contribution requirement for a new or expanded library facility, and to promote literary activity and achievement among the general public. 0 0 2618 0 0 Supported programs and activities of the Los Osos Library to the extent allowed by County library. 0 0 1366 Organized donated books and materials for sale to raise funds for library programs. All labor was provided by volunteers. 0 0 0 Continued to work with the County Library Administration toward realization of an expanded Los Osos branch library while maintaining oversight of a building fund under professional management. All of board member activity was provided on a volunteer basis. 0 0 0 2618 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 CA X Marian Lawson 8055281689 2555 Rodman Drive Los Osos CA 93402 Jim Stanfill President 2.0 X X 0 0 0 Sally Snodgrass Vice President 2.00 X X 0 0 0 Marian Lawson Treasurer 6.0 X X 0 0 0 Jonniepat Mobley Secretary 2.0 X X 0 0 0 Ann Dille Board Member 2.0 X 0 0 0 Sandy Dexter Board Member 2.00 X 0 0 0 Carla Lalley Board Member 2.0 X 0 0 0 Mary Walker Board Member 2.0 X 0 0 0 Wendy McKeown Board Member 2.0 X 0 0 0 0 0 0 0 0 0 0 0 0 2560 0 0 0 2841 0 5401 0 63422 0 0 63422 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2277708 0 2387324 0 -109616 0 -109616 0 0 -109616 0 0 0 0 0 0 0 0 0 0 0 0 1366 0 1366 1366 0 0 0 -39427 1366 0 -46194 X 10056 10056 0 349 349 114 114 678 678 Library Programs 2300 2300 0 0 Additional Library Support 318 318 0 0 0 0 0 0 13815 2618 11197 0 18713 11477 9757 2282646 2573238 2311116 2584715 0 0 X 1396565 1561880 914551 1022835 2311116 2584715 2311116 2584715 -53242 326841 0 0 0 0 X 0 0 0 X 24323 27938 4585 7721 5401 69968 0 0 0 0 0 0 0 0 0 0 0 0 24323 27938 4585 7721 5401 69968 23630 46338 51027 46585 55772 47478 63422 264284 0 0 0 0 0 0 0 0 0 0 0 0 334252 0.13863 0.16489 X Part II, line 17a - Facts and Circumstances - This is a membership organization in a small community. Members consist mainly of patrons of the local library which is a branch of the San Luis Obispo County public library. Solicitation of members is ongoing, including renewal reminders, invitation to new library patrons, and community outreach. Sources of support include memberships, donations and sales of donated books. Membership dues are kept low to remain within reach of the community. The governing body is a board of directors, all of whom are members of the organization and live in the community. The officers are elected annually by the membership. All board members are volunteers and there are no paid employees. All organization-sponsored events are free and open to the public. Direct support to the library is typically provided by paying for programs and materials. During the pandemic the library was not able to offer programs and so support was limited, as were the sources of public support. The organization actively advocates for a larger library to meet the needs of the community. The need for a new or expanded library facility has been well documented and acknowledged by the county library and the county's governing body. Current county policy requires that the community contribute 50% of the cost of any library expansion. Our organization has been raising funds for this purpose for some years and maintains a building fund consisting of temporarily restricted and board reserved funds. These funds are invested in public securities under professional management overseen by the board of directors; earnings are reinvested. The building fund currently represents the majority of the organization's assets and revenue. Once the library expansion is underway, these assets will be quickly spent. However, the timing of the project is in the hands of the county, and depends on its commitment of funding and various public planning and environment hurdles. In recent years the organization has worked with the county on development of feasibility studies, participated on an advisory committee, and co-sponsored community meetings with the county to solicit input and maintain engagement in the project. The county and community have agreed on the expansion site and have developed preliminary architectural models for the expanded Los Osos Library. At the end of 2022 the library administration reported that county funding should be available within three to five years. By the end of 2023 no action had been taken by the county and they were not able to commit to a time horizon. In the meantime our organization is keeping our building fund invested under professional management so it will be able to meet the community contribution requirement toward an expanded library. Form 990, Part VI, Section A, Line 6 This is a membership organization but does not issue financial stock. Form 990, Part VI, Section A, Line 7a Officers of the corporation are elected each year by the current membership. Form 990, Part VI, Section A, Line 8b There are no committees authorized to act on behalf of the governing body. Form 990, Part VI, Section B, Line 11b Form 990 is reviewed by the organization's Finance Committee before filing. Form 990, Part VI, Section C, Line 19 A public disclosure copy of Form 990 is filed each year with the California Attorney General's Registry of Charitable Trust. Corporate bylaws and financial statements are available upon request at any time. Form 990, Part IX, Line 24e 24a Library Programs 2,300 24b Library support 318