2023-08-29T11:51:22-05:00 2022-12-31 WithumSmithBrown PC ONE TOWER CENTER BLVD 14TH FL EAST BRUNSWICK NJ 08816 990 2022-01-01 223494366 THE FRIENDS AND FOUNDATION OF THE PRINCETON PUBLIC LIBRARY INC % JENNIFER PODOLSKY PRIN 6099245929 65 Witherspoon Street Princeton NJ 08542 NICKY KATZ TREASURER 6099245929 2023-08-25 true NICKY KATZ 999009999 Brad Caruso P01249134 7328281614 2 2022 2023-04-26 12:10:37Z NICKY KATZ 65 Witherspoon Street Princeton NJ 08542 2239629 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. 20 20 0 20 0 0 152116 257941 0 155624 420756 306580 366 243 573238 720388 608608 583605 0 0 0 0 0 0 12876 74642 163733 683250 747338 -110012 -26950 18596999 15474401 637543 389737 17959456 15084664 X SEE SCHEDULE O false false 583605 583605 155867 PROVIDING SUPPLEMENTARY SUPPORT AND CONDUCTING ACTIVITES FOR THE BENEFIT OF THE FREE PUBLIC LIBRARY OF PRINCETON. 583605 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 0 0 0 false false false false false true true false false false false false false X 20 20 false false true 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 155413 42739 Andrea Bradley Co-President/Director 5.0 0.0 X X 0 0 0 Rosalind Muir Co-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 Audrey Egger DIRECTOR 5.0 0.0 X 0 0 0 Jane Fransson DIRECTOR 5.0 0.0 X 0 0 0 Melissa Grzymala DIRECTOR 5.0 0.0 X 0 0 0 Carol Herring DIRECTOR 5.0 0.0 X 0 0 0 David R Hill 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 Sarah Porter Waterbury DIRECTOR 5.0 0.0 X 0 0 0 Pam Wakefield DIRECTOR 5.0 0.0 X 0 0 0 0 155413 42739 0 false true false 0 65547 192394 257941 BOOK SALES 451211 155624 155624 0 155624 270343 0 270343 0 0 0 0 0 0 0 0 1500876 1464639 36237 36237 0 36237 54602 65547 54602 0 0 0 0 0 0 0 0 0 0 0 MISCELLANEOUS INCOME 900099 243 243 0 243 720388 155867 0 306580 583605 583605 0 0 0 0 0 0 0 0 0 0 0 31521 31521 0 0 13074 13074 0 0 8319 8319 6416 6416 0 0 0 0 0 0 0 0 3906 3906 REIMB SALARIES/BENEFITS/TAX 87621 87621 EVENT EXPENSES 11489 11489 DONOR CULTIVATION 1387 1387 747338 583605 150857 12876 X 0 0 921677 324818 0 0 50 0 0 0 0 0 0 0 0 0 0 6665 0 0 15437844 13143614 2237428 1977122 0 0 0 0 0 22182 18596999 15474401 28935 18865 608608 370872 0 0 0 0 0 0 0 0 0 0 0 0 0 0 637543 389737 X 11774493 9956613 6184963 5128051 17959456 15084664 18596999 15474401 X -26950 -2845771 -2071 X false true X true false X X X 1 THE FREE PUBLIC LIBRARY OF PRINCETON 216008497 6 true 583605 0 1 583605 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 17788454 2550 -2541987 419473 14829544 16067000 135958 2244204 658708 17788454 14545474 59454 2084610 622538 16067000 13439957 2285730 1180213 14545474 14850195 0 -852558 557680 13439957 0.66450 0.17590 0.15960 false false INVESTMENTS IN POOLED FUNDS 1977122 F 1977122 0 0 X -2065572 -2845771 72885 -2772886 707314 13074 13074 720388 807149 72885 72885 734264 13074 13074 747338 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, 2022 and 2021. The Foundation did not have any income tax related penalties or interest for the years in question. Gala 100593 45991 54602 1400 37941 6000 LUNCHEONS 19556 19556 275 8986 0 120149 65547 54602 1675 46927 6000 54602 true THE FREE PUBLIC LIBRARY OF PRINCETON 65 WITHERSPOON STREET PRINCETON NJ 08542 216008497 N/A 583605 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 155413 0 0 0 0 0 27915 0 14824 0 198152 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 A, LINE 4 DUE TO THE MERGER OF FRIENDS OF PRINCETON PUBLIC LIBRARY INC. AND PRINCETON PUBLIC LIBRARY FOUNDATION INC. EFFECTIVE FEBRUARY 17, 2022, THE NAME OF THE ORGANIZATION CHANGED TO THE "FRIENDS AND FOUNDATION OF THE PRINCETON PUBLIC LIBRARY, INC". 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 2022, 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. FORM 990, PART XI, LINE 9 THE FOUNDATION TRANSFERRED OUT NET AMOUNT $2,071 TO THE FRIENDS OF THE PRINCETON PUBLIC LIBRARY, INC IN THE CLOSING OF THE MERGER. 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 583605 FMV THE FREE PUBLIC LIBRARY OF PRINCETON O 87621 COST