2024-10-07T05:50:39-05:00 2023-12-31 WithumSmithBrown PC ONE TOWER CENTER BLVD 14TH FL EAST BRUNSWICK NJ 08816 990 2023-01-01 223494366 FRIENDS AND FOUNDATION OF THE PRINCETON PUBLIC LIBRARY INC % JENNIFER PODOLSKY FRIE 6099245929 65 Witherspoon Street Princeton NJ 08542 Brett Shaver TREASURER 6099245929 2024-08-27 true true Brad Caruso P01249134 7328281614 2023 2024-10-15 13:58:12Z X Brett Shaver 65 Witherspoon Street Princeton NJ 08542 2356559 false X WWW.PRINCETONLIBRARY.ORG X 1995 NJ PRIMARY PURPOSE IS TO PROVIDE SUPPLEMENTAL SUPPORT AND CONDUCT ACTIVITIES FOR THE BENEFIT OF THE FREE PUBLIC LIBRARY OF PRINCETON. 19 18 0 19 0 0 257941 694892 155624 178461 306580 471189 243 483 720388 1345025 583605 1252790 0 0 0 0 0 0 23191 163733 139440 747338 1392230 -26950 -47205 15474401 17559698 389737 706102 15084664 16853596 X SEE SCHEDULE O false false 1252790 1252790 178944 PROVIDING SUPPLEMENTARY SUPPORT AND CONDUCTING ACTIVITES FOR THE BENEFIT OF THE FREE PUBLIC LIBRARY OF PRINCETON. 1252790 true true false false false false false false false true false true false false false true true false false false false false false false true false false true false true false false false false false false false false false false false false false true false true false true X 4 0 false 0 false false false false false true true false false false false false false X 19 18 false false false false false false false true true false false true true true true true true false false false NJ X JENNIFER PODOLSKY 6099248822 65 WITHERSPOON STREET PRINCETON NJ 08542 Jennifer Podolsky Secretary and Library Director 5.0 0.0 X X 0 154382 43155 Rosalind Muir President/Director 5.0 0.0 X X 0 0 0 Shalu Naso VICE PRESIDENT/DIRECTOR 5.0 0.0 X X 0 0 0 Nicky Katz Treasurer/DIRECTOR 5.0 0.0 X X 0 0 0 Swati Bhatt Director 5.0 0.0 X 0 0 0 Andrea Bradley DIRECTOR 5.0 0.0 X 0 0 0 Audrey Egger DIRECTOR 5.0 0.0 X 0 0 0 Jane Fransson DIRECTOR 5.0 0.0 X 0 0 0 Florence Kahn DIRECTOR 5.0 0.0 X 0 0 0 Courtney Lederer DIRECTOR 5.0 0.0 X 0 0 0 Sohini Rath DIRECTOR 5.0 0.0 X 0 0 0 Seva Kramer DIRECTOR 5.0 0.0 X 0 0 0 Jonah Lansky DIRECTOR 5.0 0.0 X 0 0 0 Beth Leman DIRECTOR 5.0 0.0 X 0 0 0 Ann Parker McKeehan DIRECTOR 5.0 0.0 X 0 0 0 Dina Shaw DIRECTOR 5.0 0.0 X 0 0 0 Jane Silverman DIRECTOR 5.0 0.0 X 0 0 0 Andrew Sutphin DIRECTOR 5.0 0.0 X 0 0 0 Brett Shaver DIRECTOR 5.0 0.0 X 0 0 0 0 154382 43155 0 false true false 0 128437 566455 694892 BOOK SALES 451211 178461 178461 178461 374867 374867 0 0 0 0 0 1057248 960926 96322 96322 96322 50608 128437 50608 0 0 0 0 0 0 0 0 0 MISCELLANEOUS INCOME 900099 483 483 483 1345025 178944 0 471189 1252790 1252790 0 0 0 0 0 0 0 0 0 0 0 29964 29964 0 0 12856 12856 0 0 6923 6923 8699 8699 0 0 0 0 0 0 0 0 3593 3593 REIMB SALARIES/BENEFITS/TAX 54214 54214 EVENT EXPENSES 21633 21633 DONOR CULTIVATION 1558 1558 1392230 1252790 116249 23191 X 0 0 320454 606278 0 280208 0 0 0 0 0 0 0 0 0 0 6665 7518 0 0 13147978 14952180 1977122 1677320 0 0 0 0 22182 36194 15474401 17559698 18865 18847 370872 687255 0 0 0 0 0 0 0 0 0 0 0 0 0 0 389737 706102 X 9956613 11070745 5128051 5782851 15084664 16853596 15474401 17559698 X -47205 1816137 X false true X true false X X X 1 THE FREE PUBLIC LIBRARY OF PRINCETON 216008497 6 true 1252790 0 1 1252790 0 true false false false false false false false false false false false false false false false true false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 14829544 51000 2268988 1069449 16080083 17788454 2550 -2541987 419473 14829544 16067000 135958 2244204 658708 17788454 14545474 59454 2084610 622538 16067000 13439957 0 2285730 1180213 14545474 0.66220 0.16540 0.17240 false false INVESTMENTS IN POOLED FUNDS 1677320 F 1677320 0 0 X 3212279 1816137 63973 1880110 1332169 12856 12856 1345025 1443347 63973 63973 1379374 12856 12856 1392230 FORM 990, SCHEDULE D, PART V, LINE 4 ALL AMOUNTS MAINTAINED IN THE ENDOWMENT, EXCEPT FOR THOSE AMOUNTS THAT ARE TO BE MAINTAINED IN PERPETUITY, ARE FOR THE BENEFIT OF THE FREE PUBLIC LIBRARY OF PRINCETON. FORM 990, SCHEDULE D, PART X, LINE 2 The Foundation is exempt from Federal income taxes under Section 501(c)(3) of the Code. Accordingly, the financial statements do not reflect a provision for Federal income taxes. There were no uncertain tax positions at December 31, 2023 and 2022. The Foundation did not have any income tax related penalties or interest for the years in question. GALA 148975 113175 35800 8255 27545 LUNCHEONS 30070 15262 14808 14808 0 179045 128437 50608 8255 42353 50608 true THE FREE PUBLIC LIBRARY OF PRINCETON 65 WITHERSPOON STREET PRINCETON NJ 08542 216008497 N/A 1252790 LIBRARY SUPPORT 1 GRANTS AND ASSISTANCE THE FOUNDATION PROVIDES AN ALLOCATION TO THE FREE PUBLIC LIBRARY OF PRINCETON EACH YEAR FOR THE ENHANCEMENT OF LIBRARY SERVICES. THE FUNDS ARE PROVIDED AS SUPPLEMENTAL SUPPORT FOR THE LIBRARY AND DO NOT REPLACE MUNICIPAL SUPPORT. ADDITIONAL FUNDS RECEIVED BY THE FOUNDATION FOR A RESTRICTED PURPOSE RELATING TO THE LIBRARY ARE TRANSFERRED TO THE LIBRARY TO BE USED FOR THE PURPOSES INTENDED. false false false false false false false false false Jennifer Podolsky Secretary and Library Director 0 154382 0 0 0 0 0 28104 0 15051 0 197537 0 0 Core Form 990 Disclosures FORM 990, PART III, LINE 1 ORGANIZATION MISSION: THE MISSION OF THE FRIENDS AND FOUNDATION IS TO PROVIDE FINANCIAL AND OTHER SUPPORT TO THE FREE PUBLIC LIBRARY OF PRINCETON, NEW JERSEY. FINANCIAL SUPPORT FROM THE FRIENDS AND FOUNDATION IS USED TO ENHANCE THE SERVICES THE LIBRARY PROVIDES TO THE PRINCETON COMMUNITY. THE ORGANIZATION ASSISTS WITH LIBRARY DEVELOPMENT ACTIVITIES AND FUNDRAISING EFFORTS, WORKS TO HELP BUILD A COMMUNITY OF LIBRARY SUPPORTERS, ENHANCES THE LIBRARY'S VISIBILITY, AND ADVOCATES FOR THE LIBRARY WITH ALL COMMUNITY STAKEHOLDERS. FORM 990, PART V, LINE 2 NUMBER OF EMPLOYEES: THE FREE PUBLIC LIBRARY OF PRINCETON, NEW JERSEY PROVIDES THE FOUNDATION WITH MANAGEMENT AND FUNDRAISING SERVICES INCLUDING ACCOUNTING, SUPERVISORY AND SECRETARIAL SERVICES. AN IN-KIND CONTRIBUTION FOR THE DONATED SERVICES IS RECORDED. FORM 990, PART VI, SECTION B, LINE 11B Copies of the completed Form 990, with supporting schedules and footnotes, will be distributed to the Audit Committee, the President of the Board of Directors, and the Library's Executive Director for their review and approval prior to submission to the Internal Revenue Service. Any corrections or changes will be noted and addressed. The President of the Board of Directors shall sign and certify that the IRS Form 990 is accurate and complete. The full board shall receive a copy of the IRS Form 990 within 30 days prior to its submission to the IRS. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY: ALL OFFICERS AND DIRECTORS ANNUALLY COMPLETE A DISCLOSURE FORM IDENTIFYING ANY RELATIONSHIPS, POSITIONS, OR CIRCUMSTANCES IN WHICH THE OFFICER OR DIRECTOR IS INVOLVED THAT THEY BELIEVE COULD CONTRIBUTE TO A CONFLICT OF INTEREST ARISING. ANY CONFLICT DISCLOSED IS REVIEWED BY THE BOARD TO DETERMINE WHETHER THERE EXISTS A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION: IN 2023, THERE WERE TWO EMPLOYEES WHICH THE FOUNDATION REIMBURSED THE LIBRARY FOR THEIR SALARY COST. THERE ARE CURRENTLY NO PAID EMPLOYEES AT THE FOUNDATION AS ALL EMPLOYEES ARE EMPLOYED BY THE LIBRARY. THEREFORE, THERE IS NO PROCESS FOR DETERMINING COMPENSATION FOR THE CEO, EXECUTIVE DIRECTOR, OTHER TOP MANAGEMENT OFFICIALS, OR OTHER KEY EMPLOYEES. A PORTION OF THE SALARIES AND RELATED BENEFITS REPORTED ON THE FINANCIAL STATEMENTS ARE DONATED SERVICES WHICH ARE NOT INCLUDED IN THE 990 AND ADJUSTED ON SCHEDULE D PART XI LINE 2B AND PART XII LINE 2A FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS DISCLOSURE: Only finalized and approved tax returns and audited financial statements may be released to the general public. On an annual basis, the Executive Director will make 3 years of Form 990 (excluding Schedule B List of Contributors) and audited financial statements available to the general public. These documents will be posted on the Foundation's website and posted on Guidestar.org. Written requests for the financial information above will be honored within 30 days. THE FREE PUBLIC LIBRARY OF PRINCETON 65 WITHERSPOON STREET PRINCETON NJ 08542 216008497 LIBRARY NJ N/A NA false false true false false false false false false false false false false false true true false false false false THE FREE PUBLIC LIBRARY OF PRINCETON B 1252790 FMV THE FREE PUBLIC LIBRARY OF PRINCETON O 54214 COST