2023-08-16T09:09:30-07:00 2022-12-31 273324176 STREETMAN JONES & POWERS LLC 171 CHURCH STREET STE 240 CHARLESTON SC 29401 990 2022-01-01 570314372 CHARLESTON LIBRARY SOCIETY CHAR 8437239912 164 KING STREET CHARLESTON SC 29401 JACK MCSPADDEN PRESIDENT 8437239912 2023-05-11 true JACK MCSPADDEN XXX-XX-XXXX true BRIAN R POWERS CPA CVA P00540391 8437233133 2023-08-16 X 3 AAL1 IAL1 FAL1 2022 2023-04-26 12:10:37Z LAURA PELZER 164 KING STREET CHARLESTON SC 29401 3256353 false X CHARLESTONLIBRARYSOCIETY.ORG X 1987 SC FOUNDED IN 1748, THE CHARLESTON LIBRARY SOCIETY (THE SOCIETY) IS THE SOUTH'S OLDEST CULTURAL INSTITUTION AND THE SECOND OLDEST CIRCULATING LIBRARY IN THE UNITED STATES. 23 23 20 23 0 0 1808734 1437129 63299 127229 1349143 107983 51885 115564 3273061 1787905 0 0 916158 1120738 0 121872 816413 881045 1732571 2001783 1540490 -213878 14304984 13337092 31041 296924 14273943 13040168 FOUNDED IN 1748, THE CHARLESTON LIBRARY SOCIETY (THE SOCIETY) IS THE SOUTH'S OLDEST CULTURAL INSTITUTION AND THE SECOND OLDEST CIRCULATING LIBRARY IN THE UNITED STATES. false false 1473297 0 127229 THE LIBRARY COLLECTS, PRESERVES AND MAKES AVAILABLE CULTURAL MATERIALS FOR THE USE OF ITS MEMBERS AND RESEARCHERS AROUND THE WORLD. IN ADDITION, IT IS A CIRCULATING LIBRARY AND A REPOSITORY OF RARE BOOKS PERIODICALS, MANUSCRIPTS, CLIPPINGS, MAPS, DIRECTORIES, ALMANACS AND VISUAL MATERIALS. 1473297 true true false false false false false true false true true false false false true false true false false false false false false false false false false false false true false false false false false false false false true false false false false false false false false true 0 0 20 true false false false false false true true false false false false false false X 23 23 false false false false true true true true true false false true true true true true true true true false SC X X LAURA PELZER 8437239912 164 KING STREET CHARLESTON SC 29407 ANN AUBURN DIRECTOR 4.00 X 0 0 0 STEVENSON BENNETT DIRECTOR 4.00 X 0 0 0 JAMES BRADSHAW DIRECTOR 4.00 X 0 0 0 SUSAN DICAMILLO DIRECTOR 4.00 X 0 0 0 SAMUEL EASLEY DIRECTOR 4.00 X 0 0 0 DEBORAH FISHER DIRECTOR 4.00 X 0 0 0 CHEVON HERBERT DIRECTOR 4.00 X 0 0 0 JOHN HILL DIRECTOR 4.00 X 0 0 0 ANNE KEIGHER DIRECTOR 4.00 X 0 0 0 LEWIS KUNKEL DIRECTOR 4.00 X 0 0 0 EMILY-ELISE MARTIN DIRECTOR 4.00 X 0 0 0 JERROLD MITCHELL DIRECTOR 4.00 X 0 0 0 LEE PRINGLE DIRECTOR 4.00 X 0 0 0 M EDWARD SELLERS DIRECTOR 4.00 X 0 0 0 ANDREW TEW DIRECTOR 4.00 X 0 0 0 JAMES TREYZ DIRECTOR 4.00 X 0 0 0 ELISA VON MARSCHALL DIRECTOR 4.00 X 0 0 0 WENDY WELLIN DIRECTOR 4.00 X 0 0 0 CARL WISE DIRECTOR 4.00 X 0 0 0 JACK MCSPADDEN JR PRESIDENT 6.00 X X 0 0 0 DIANA HAMBLETON VICE PRESIDENT 6.00 X X 0 0 0 MICHAEL REYNOLDS TREASURER 6.00 X X 0 0 0 GINA STOUFFER SECRETARY 6.00 X X 0 0 0 ANNE CLEVELAND EXECUTIVE DIRECTOR 45.00 X X 157500 0 0 LAURA PELZER EXECUTIVE DIRECTOR 45.00 X X 104000 0 0 261500 0 0 2 true true false 722510 21250 693369 124859 1437129 PROGRAM SERVICE 611600 127229 0 0 127229 126923 0 126923 77869 77869 77869 77869 1404289 4233 1424705 2757 -20416 1476 -18940 0 0 -18940 78681 40986 37695 0 37695 1787905 127229 0 223547 261500 183050 52300 26150 661987 463391 132397 66199 40954 28668 8191 4095 92801 64961 18560 9280 63496 44447 12699 6350 6240 0 6240 0 11759 0 11759 0 36323 0 36323 0 7241 6517 0 724 22499 16874 2250 3375 31922 25538 6384 0 60941 48753 12188 0 12785 12785 0 0 271169 216935 54234 0 66035 52828 13207 0 PROGRAMS 181581 175882 0 5699 OTHER FEES 19189 17270 1919 0 MAINTENANCE 128532 102826 25706 0 EQUIPMENT AND SUPPLIES 12215 9772 2443 0 12614 2800 9814 0 2001783 1473297 406614 121872 1448257 2064096 135272 0 0 0 7437339 1952384 5652235 5484955 7069220 5784653 3388 14304984 13337092 23691 21454 4150 268882 0 0 3200 6588 31041 296924 X 11875792 10892761 2398151 2147407 14273943 13040168 14304984 13337092 X -213878 -1019897 X true X false true false X 0 2578075 3032454 1835858 1804130 1437128 10687645 0 0 2578075 3032454 1835858 1804130 1437128 10687645 0 10687645 -401202 319481 58880 270480 204792 452431 0 0 11140076 0.95940 0.92450 X 0 0 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X false 1901643 -252624 92929 1556090 1773882 208131 80370 1901643 1670519 180881 77518 1773882 1525622 312191 167294 1670519 1491700 94619 60697 1525622 1.00000 false false 264000 264000 6523802 1491306 5032496 649537 461078 188459 0 0 5484955 SECURITY LEASE DEPOSIT 3200 OPERATING LEASE LIABILITIES 3388 6588 731684 -1019897 -1019897 1751581 36323 1 36324 1787905 1965460 1965460 36323 36323 2001783 Pt III, Line 4 THE SOCIETY FOLLOWS THE FINANCIAL ACCOUNTING STANDARDS BOARD FASB ASC 958-310-50, COLLECTION ITEMS ACQUIRED EITHER THROUGH PURCHASE OR DONATIONS ARE NOT CAPITALIZED. PURCHASES OF COLLECTION ITEMS ARE RECORDED AS DECREASES IN UNRESTRICTED NET ASSETS IF PURCHASED WITH UNRESTRICTED FUNDS AND AS DECREASES IN TEMPORARILY RESTRICTED NET ASSETS IF PURCHASED WITH DONOR-RESTRICTED FUNDS. CONTRIBUTIONS OF COLLECTION ITEMS ARE NOT RECORDED IN THE STATEMENTS OF ACTIVITIES. THE COLLECTION CONTAINS HISTORICALLY SIGNIFICANT ORIGINAL LETTERS AND LEGAL DOCUMENTS THAT ARE CONSIDERED PRICELESS AND ARE MAINTAINED IN A VAULT AND BOUND IN A LIGHT PROTECTED ENVIRONMENT. Pt V, Line 4 The Society's investment policy intends for the Society to invest in assets that would produce results exceeding the investment's purchase price and incur a significant yield of return, while assuming a moderate level of investment risk. The Society expects its Investment Fund, over time, to provide a reasonable rate of return. To satisfy the long-term rate-of-return objective, the Society relies on a total return strategy in which investment returns are achieved through both capital appreciation (realized and unrealized) and current yield (interest and dividends). The Society targets a diversified asset allocation that places a greater emphasis on marketable equity and debt securities and money-market accounts to achieve its long-term return objectives within prudent risk constraints. Pt XI, Line 4b Rounding false false false false false false false false false ANNE CLEVELAND 157500 0 0 0 0 0 8663 0 0 0 166163 0 0 0 X 13 122791 FMV false true true Pt I col(b) Publicly traded security donations. Pt I Line 32b Investment Company receives and sells non-cash securities Other FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: INSTITUATION AND THE SECOND OLDEST LIBRARY IN THE UNITED STATES. FOR MORE THAN 270 YEARS, IT HAS COLLECTED, PRESERVED AND MADE AVAILABLE CULTURAL MATERIALS FOR THE USE OF ITS MEMBERS AND RESEARCHERS AROUND THE WORLD. TODAY, IT IS A CIRCULATING LIBRARY AND A REPOSITORY OF RARE BOOKS PERIODICALS, MANUSCRIPTS, CLIPPINGS, MAPS, DIRECTORIES, ALMANACS AND VISUAL MATERIALS. Other FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: MEMBERS AND RESEARCHERS AROUND THE WORLD. TODAY, IT IS A CIRCULATING LIBRARY AND A REPOSITORY OF RARE BOOKS PERIODICALS, MANUSCRIPTS, CLIPPINGS, MAPS, DIRECTORIES, ALMANACS AND VISUAL MATERIALS. Pt VI, Line 6 THE SOCIETY IS A MEMBERSHIP ORGANIZATION AND A MEMBERSHIP MEETING IS HELD ANNUALLY. Pt VI, Line 7a A SLATE OF OFFICERS ARE ELECTED AT THE ANNUAL MEMBERSHIP MEETING. Pt VI, Line 7b USE OF ENDOWMENT FUNDS. Pt VI, Line 11b THE EXECUTIVE DIRECTOR,THE DIRECTOR OF DEVELOPMENT AND THE TREASURER REVIEW THE TAX RETURN PRELIMINARILY. THE TAX RETURN IS THEN PRESENTED TO THE FINANCE COMMITTEE. Pt VI, Line 12c THE BOARD OF DIRECTORS REVIEWS THE CONFLICT OF INTEREST POLICY WITH MEMBERS ANNUALLY. Pt VI, Line 15a THE BOARD OF DIRECTORS APPOINTS A BENEFITS COMMITTEE THAT DOES A SALARY COMPARISON TO OTHER NON-PROFITS IN THE LOCAL AREA. Pt VI, Line 15b THE BOARD OF DIRECTORS APPOINTS A BENEFITS COMMITTEE THAT DOES A SALARY COMPARISON TO OTHER NON-PROFITS IN THE LOCAL AREA. Pt VI, Line 19 INFORMATION IS PROVIDED THROUGH GUIDESTAR AND THE ONLINE WEBSITE. REQUEST FOR ADDITIONAL INFORMATION MAY BE SUBMITTED TO THE EXECUTIVE DIRECTOR.