2024-05-15T15:01:05-05:00 2023-06-30 390758449 WIPFLI LLP 170 N RADNOR-CHESTER RD SUITE 200 RADNOR PA 19087 990 2022-07-01 521173474 FREE LIBRARY OF PHILADELPHIA FOUNDATION FREE 2155675948 1901 VINE STREET PHILADELPHIA PA 191031189 CHRISTINE L RYDER CHIEF FINANCIAL OFFICER 2155675948 2024-05-13 1 CHRISTINE RYDER 999009999 0 SOLOMON MARDAKHAEV P01806552 6105653930 2024-05-06 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z CHRISTINE L RYDER 1901 VINE STREET PHILADELPHIA PA 191031189 15647704 0 X WWW.FREELIBRARY.ORG X 1891 PA TO PROVIDE RESOURCES AND ADVOCACY TO ADVANCE THE MISSION OF THE FREE LIBRARY OF PHILADELPHIA WHILE STEWARDING AND PROMOTING OUR SPECIAL COLLECTIONS FOR THE BENEFIT OF ALL PHILADELPHIANS AND BEYOND. 32 32 116 300 0 0 10101885 13274316 336342 603764 1207565 968141 16963 184502 11662755 15030723 0 0 0 0 6154150 5744515 225358 201207 3028277 5936686 5170338 12316194 11116060 -653439 3914663 46140500 45902665 8816100 3141966 37324400 42760699 X TO PROVIDE RESOURCES AND ADVOCACY TO ADVANCE THE MISSION OF THE FREE LIBRARY OF PHILADELPHIA WHILE STEWARDING AND PROMOTING OUR SPECIAL COLLECTIONS FOR THE BENEFIT OF ALL PHILADELPHIANS AND BEYOND. 0 0 5004569 0 579026 PUBLIC PROGRAMS: TO PROVIDE SUPPORT FOR LITERACY, CULTURAL AND EDUCATIONAL PROGRAMMING ON BEHALF OF THE FREE LIBRARY OF PHILADELPHIA. EXAMPLES OF SUCH PROGRAMS INCLUDE: THE LITERACY ENRICHMENT AFTER-SCHOOL PROGRAM (LEAP), ONE BOOK ONE PHILADELPHIA, SCIENCE IN THE SUMMER, TEEN PROGRAMMING, CULINARY LITERACY, CHRONICLING RESISTANCE, THE AUTHOR LECTURE SERIES, AND SUMMER READING PROGRAM. 674185 0 24738 COLLECTIONS AND PRESERVATION: TO ENHANCE THE LIBRARY'S PROMINENT RESEARCH COLLECTIONS, SUCH AS THE FLEISHER COLLECTION, DICKENS COLLECTION, POE COLLECTION, MEDIEVAL MANUSCRIPTS, ETC. 610418 0 0 FACILITIES RENOVATIONS: PRIMARILY TO MAKE RENOVATIONS TO THE BRANCH LIBRARIES. 327662 0 0 LIBRARY CAPITAL PROJECTS: TO RENOVATE AND ENHANCE THE CENTRAL BRANCH OF THE LIBRARY. 144101 0 0 TECHNOLOGY: TO SUPPLEMENT THE LIBRARY'S TECHNOLOGICAL NEEDS SUCH AS WEBSITE DESIGN, DEVELOP INFRASTRUCTURE OF THE LIBRARY'S NETWORK, AND COMPUTER SERVICES FOR THE CHILDREN'S DEPARTMENT. 471763 0 0 6760935 1 1 0 1 0 0 0 1 0 1 1 0 0 1 1 1 0 1 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 154 0 116 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 32 32 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 1 0 PA NJ X FREE LIBRARY OF PHILADELPHIA FOUNDATION 2155675948 1901 VINE STREET PHILADELPHIA PA 19103 KELLY RICHARDS PRESIDENT & DIRECTOR 1.00 X X 0 0 0 D JEFFERY BENOLIEL BOD MEMBER - CHAIR 10.00 X X 0 0 0 JUDE TUMA BOD MEMBER - FIRST VICE CHAIR 1.00 1.00 X X 0 0 0 LYNN CHARYTAN BOD MEMBER - SECOND VICE CHAIR 1.00 X X 0 0 0 JAMES BILES BOD MEMBER - TREASURER 1.00 X X 0 0 0 RICHARD A GREENAWALT BOD MEMBER - SECRETARY 1.00 X X 0 0 0 FOLASADE A OLANIPEKUN-LEWIS BOD MEMBER - VICE CHAIR, EX-OFFICIO 1.00 X X 0 0 0 CYNTHIA AFFLECK BOD MEMBER 1.00 1.00 X 0 0 0 CAROL BANFORD BOD MEMBER 1.00 X 0 0 0 JOHANNA B BAEK BOD MEMBER (BEGAN SEPT 2022) 1.00 X 0 0 0 BENITO CACHINERO-SANCHEZ BOD MEMBER 1.00 3.00 X 0 0 0 AMY COES BOD MEMBER (BEGAN SEPT 2022) 1.00 3.00 X 0 0 0 JEFFREY COOPER BOD MEMBER 1.00 X 0 0 0 TOBEY GORDON DICHTER BOD MEMBER 1.00 X 0 0 0 DONALD GENERALS BOD MEMBER 1.00 X 0 0 0 MELISSA GRIMM BOD MEMBER 1.00 X 0 0 0 JANET HAAS MD BOD MEMBER 1.00 X 0 0 0 ROBERT HEIM BOD MEMBER 1.00 X 0 0 0 JOHN F HOLLOWAY BOD MEMBER 1.00 X 0 0 0 RENEE CARDWELL HUGHES BOD MEMBER 1.00 X 0 0 0 PHILIP JAURIGUE BOD MEMBER 1.00 X 0 0 0 CHARLES P KEATES ESQ BOD MEMBER 1.00 1.00 X 0 0 0 SUSAN B MULLER BOD MEMBER 1.00 1.00 X 0 0 0 PETER NALLE BOD MEMBER 1.00 3.00 X 0 0 0 PATRICK M OATES PH D BOD MEMBER 1.00 X 0 0 0 BARBARA SUTHERLAND BOD MEMBER 1.00 X 0 0 0 KARLA TROTMAN BOD MEMBER 1.00 X 0 0 0 JOE H TUCKER JR ESQ BOD MEMBER 1.00 X 0 0 0 DICK WEBSTER BOD MEMBER (BEGAN DEC 2022) 1.00 X 0 0 0 JAY WEINSTEIN BOD MEMBER 1.00 X 0 0 0 PETER WOLF BOD MEMBER 1.00 X 0 0 0 KARIMA ZEDAN BOD MEMBER 1.00 X 0 0 0 MICHAEL INNOCENZO BOD MEMBER (THRU DEC 2022) 1.00 X 0 0 0 DAVID EDWARDS INTERIM CEO/CFO (THRU JULY 2022) 37.50 X 117603 0 16579 CHRISTINE RYDER CHIEF FINANCIAL OFFICER (BEGAN JUNE 2022) 37.50 X 83392 0 1089 SHARA POLLIE S.V.P. DEVELOPMENT 37.50 X 261291 0 28499 JAMES PECORA V.P. PROPERTY MANAGEMENT 37.50 X 176916 0 25724 KARYN LYMAN A.V.P. MAJOR AND PLANNED GIVING 37.50 X 134582 0 29213 JENNY BOGONI EXECUTIVE DIRECTOR, READ! BY 4TH 37.50 X 134091 0 29343 ANDREW KAHAN DIRECTOR, AUTHOR EVENTS 37.50 X 117567 0 16846 ALIX GERZ V.P. COMMUNICATIONS 37.50 X 118853 0 10834 SUSAN GOULD A.V.P. DEVELOPMENT 37.50 X 116674 0 7199 1260969 0 165326 8 0 1 0 MIGHTY ENGINE 3420 MIDVALE AVENUE PHILADELPHIA PA 19129 MARKETING/WEB DEVELOPMENT 245918 ALLEGIANCE FUNDRAISING LLC 3064 49TH STREET SOUTH FARGO ND 58104 FUNDRAISING 201207 ROBERT HALF INTERNATIONAL 12400 COLLECTIONS CENTER DRIVE CHICAGO IL 60693 TEMP SERVICES 155511 ABT ASSOCIATES INC PO BOX 84-5586 BOSTON MA 02284 CONSULTING/EVALUATION SERVICES 124827 4 111006 95135 704488 12363687 13274316 LECTURE SERIES 900099 200301 200301 SALES-BOOKS & PUBLIC 900099 122504 122504 FINES & LOST BOOKS 900099 30086 30086 FREE LIBRARY SERVICES 900099 24738 24738 226135 226135 603764 791940 791940 95433 95433 754604 578403 176201 176201 176201 190 95135 38578 -38388 -38388 VENDED SYSTEMS 900099 84665 84665 OTHER INCOME 900099 42792 42792 127457 15030723 603764 0 1152643 X 570923 272549 82312 216062 4229021 1990290 708218 1530513 582554 313393 -37686 306847 362017 214797 22847 124373 154119 30745 123374 44000 44000 201207 201207 101392 71372 30020 1602469 1122073 474873 5523 620500 378624 241876 464628 218510 84051 162067 42242 5646 22538 14058 24973 14818 9723 432 177739 56864 27264 93611 112093 112093 2521 2521 65035 1778 59701 3556 PROGRAMS AND EXHIBITS 868278 857164 158 10956 LIBRARY MATERIALS 382679 382679 MISCELLANEOUS EXPENSES 224502 53552 57432 113518 BAD DEBT EXPENSE 138105 138105 145063 619988 -478603 3678 11116060 6760935 1326848 3028277 2969436 32731 113575 4067895 13352852 5872674 549928 948745 67880 98305 284291 260344 0 23947 17684157 30530551 10471473 931199 4327817 46140500 45902665 1816100 1126585 7000000 500000 0 1515381 8816100 3141966 X -1329259 586887 38653659 42173812 37324400 42760699 46140500 45902665 X 3914663 1551636 -30000 X 0 1 X 1 0 X 16450995 12765482 13356624 10101885 13274316 65949302 16450995 12765482 13356624 10101885 13274316 65949302 11321471 54627831 1414322 619958 607243 1121626 887373 4650522 342988 251380 24874 29243 42791 691276 71291100 3534920 0.76630 0.80130 X PART II SECTION B LINE 10 OTHER INCOME INCLUDES MISCELLANEOUS REVENUE AS REPORTED IN PART VIII STATEMENT OF REVENUE. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 44000 44000 8043783 8087783 554389 138597 0 0 862897 705792 637055 554389 2760133 4140200 73355 63000 28000 44000 208355 215724 176448 159264 138597 690033 1035050 X X 0 35746134 4809597 3114500 1803037 41867194 40980532 2314280 -5950953 1597725 35746134 33009510 997252 8760516 1786746 40980532 32582919 1091124 1105852 1770385 33009510 33080293 397860 1489916 2385150 32582919 0.17490 0.47360 0.35150 0 1 1 154649 130702 23947 129642 129642 0 23947 BENEFICIAL INTEREST IN LIFE INSURANCE 43937 DUE FROM RELATED PARTY 2771195 RIGHT OF USE ASSET 1512685 4327817 OPERATING LEASE LIABILITY 1515381 1515381 X 17007349 1551636 517804 38578 2108018 14899331 101392 30000 131392 15030723 11571050 517804 38578 556382 11014668 101392 101392 11116060 PART III, LINE 1A: THE FOUNDATION OWNS AND MAINTAINS COLLECTIONS OF RARE BOOKS, MANUSCRIPTS, MAPS, PAINTINGS, PRINTS, MUSIC, ETC., MOST OF WHICH HAVE BEEN ACQUIRED THROUGH INDIVIDUAL GIFTS AND BEQUESTS. THE ROSENBACH CONTRIBUTED COLLECTION ITEMS INCLUDE RARE BOOKS, MANUSCRIPTS, FINE AND DECORATIVE ARTS AND PERIOD FINISHINGS. A FINE ARTS INSURANCE POLICY WITH COVERAGE UP TO $13,000,000 IS CARRIED ON THE COLLECTIONS. IN THE OPINION OF MANAGEMENT, THIS REPRESENTS ONLY A FRACTION OF THE PRESENT FAIR VALUE OF THE ITEMS, MANY OF WHICH ARE IRREPLACEABLE. THE FOUNDATION HAS NOT ASSIGNED A VALUE TO THE COLLECTIONS FOR ACCOUNTING PURPOSES, SINCE IT IS NOT PRACTICAL TO DETERMINE THE COST, THE FAIR VALUE AT DATE OF ACQUISITION OR THE NET REALIZABLE VALUE OF THESE COLLECTIONS. PART III, LINE 4: SPECIAL COLLECTIONS ENHANCE THE EDUCATIONAL MISSION OF THE FREE LIBRARY BY ASSEMBLING AND MAKING ACCESSIBLE HISTORIC MATERIALS THAT PROMOTE UNDERSTANDING OF OUR SHARE CULTURAL HERITAGE. PART V, LINE 4: THE ENDOWMENT OF THE FOUNDATION CONSISTS OF 75 FUNDS ESTABLISHED BY DONORS FOR VARIOUS PURPOSES. THE ENDOWMENT OF THE ROSENBACH CONSISTS OF 25 FUNDS ESTABLISHED BY DONORS FOR VARIOUS PURPOSES. AS REQUIRED BY UNITED STATES GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS, INCLUDING FUNDS DESIGNATED BY THE BOARD OF DIRECTORS TO FUNCTION AS ENDOWMENT, ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. PART X, LINE 2: THE FOUNDATION HAS OBTAINED A FAVORABLE DETERMINATION THAT IT IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS CLASSIFIED AS AN ORGANIZATION THAT IS OTHER THAN A PRIVATE FOUNDATION. ACCORDINGLY, NO PROVISION HAS BEEN MADE FOR INCOME TAXES. MANAGEMENT HAS REVIEWED TAX POSITIONS TAKEN IN FILINGS WITH FEDERAL AND STATE JURISDICTIONS AND BELIEVES THOSE POSITIONS WOULD BE SUSTAINED SHOULD THE FILINGS BE EXAMINED BY THE RELEVANT TAXING AUTHORITY. OPEN PERIODS SUBJECT TO AUDIT FOR FEDERAL PURPOSES ARE GENERALLY THE PREVIOUS THREE YEARS OF TAX RETURNS FILED. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 38,578. PART XI, LINE 4B - OTHER ADJUSTMENTS: BAD DEBT EXPENSE 30,000. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 38,578. X X X X X X 1 ALLEGIANCE FUNDRAISING LLC 3064 49TH ST S FARGO ND 58104 DIRECT MAIL SERVICES - PLANNING, ADVISING, AND CONSULTING 0 716567 201207 515360 716567 201207 515360 PA NJ ANNUAL FUNDRAISER 95325 95135 190 2805 8548 27225 95325 95135 190 2805 8548 27225 38578 -38388 X X 0 0 0 0 0 0 0 0 0 SHARA POLLIE S.V.P. DEVELOPMENT 261291 0 0 0 0 0 11910 0 16589 0 289790 0 0 0 JAMES PECORA V.P. PROPERTY MANAGEMENT 176916 0 0 0 0 0 8177 0 17547 0 202640 0 0 0 KARYN LYMAN A.V.P. MAJOR AND PLANNED GIVING 134582 0 0 0 0 0 6283 0 22930 0 163795 0 0 0 JENNY BOGONI EXECUTIVE DIRECTOR, READ! BY 4TH 134091 0 0 0 0 0 6268 0 23075 0 163434 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE AUDIT COMMITTEE AND IS THEN MADE AVAILABLE TO THE ORGANIZATION'S GOVERNING BODY BEFORE BEING FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE CHIEF FINANCIAL OFFICER IS RESPONSIBLE FOR REVIEWING ALL CONTRACTS AS WELL AS IDENTIFYING ANY POSSIBLE CONFLICTS OF INTEREST. POTENTIAL CONFLICTS OF INTEREST ARE IDENTIFIED APPLYING THE PRESCIBED PROCEDURES. THE BOARD OF DIRECTORS MUST ANNUALLY CERTIFY THEIR COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15B THE PRESIDENT AND DIRECTOR ARE COMPENSATED BY THE CITY OF PHILADELPHIA AND ALL SALARY DECISIONS ARE MADE BY THE BOARD OF TRUSTEES OF THE FREE LIBRARY OF PHILADELPHIA. REGARDING OTHER KEY OFFICERS, ANNUALLY THE FOUNDATION BOARD OF DIRECTORS APPROVES THE COLLECTIVE SALARY RATE INCREASE FOR ALL EMPLOYEES OF THE ORGANIZATION FOR THE UPCOMING FISCAL YEAR. INDIVIDUAL RATE INCREASES ARE THEN REVIEWED AND APPROVED BY THE DIRECTOR, CHIEF FINANCIAL OFFICER AND THE HR MANAGER. IN ADDITION, COMPARABLE SALARY DATA FROM ORGANIZATIONS OF SIMILAR SIZE AND PURPOSE FOR SIMILARLY QUALIFIED INDIVIDUALS IS USED TO DETERMINE THE APPROPRIATE SALARY FOR NEW HIRES. THE SOURCES OF THAT INFORMATION ARE HR PROFESSIONAL ASSOCIATIONS, AND SURVEY DATA FROM VARIOUS OTHER SOURCES SUCH AS UNIVERSITIES AND EMPLOYMENT AGENCIES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G CONSERVATION & PRESERVATION: PROGRAM SERVICE EXPENSES 100,676. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 100,676. TEMPORARY SERVICES: PROGRAM SERVICE EXPENSES 16,178. MANAGEMENT AND GENERAL EXPENSES 114,191. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 130,369. PROFESSIONAL DEVELOPMENT: PROGRAM SERVICE EXPENSES 4,659. MANAGEMENT AND GENERAL EXPENSES 8,465. FUNDRAISING EXPENSES 2,681. TOTAL EXPENSES 15,805. RECRUITING: PROGRAM SERVICE EXPENSES 2,676. MANAGEMENT AND GENERAL EXPENSES 90,029. FUNDRAISING EXPENSES 2,479. TOTAL EXPENSES 95,184. PAYROLL SERVICE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 25,813. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 25,813. CONSULTING: PROGRAM SERVICE EXPENSES 997,884. MANAGEMENT AND GENERAL EXPENSES 236,375. FUNDRAISING EXPENSES 363. TOTAL EXPENSES 1,234,622. FORM 990, PART XI, LINE 9: BAD DEBT LOSS -30,000. THE ROSENBACH OF THE FREE LIBRARY OF PHILADELPHIA FOUNDATION 2010 DELANCEY PLACE PHILADELPHIA PA 19103 231425055 OPERATION OF MUSEUM AND LIBRARY PA 501(C)(3) LINE 7 THE FREE LIBRARY OF PHILADELPHIA FOUNDATION 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 THE ROSENBACH OF THE FREE LIBRARY OF PHILADELPHIA FOUNDATION D 2771195 BOOK VALUE