2023-10-12T18:13:52-05:00 2022-12-31 911397083 HEARTHSTONE CPA GROUP PS 4312 KITSAP WAY SUITE 102 BREMERTON WA 98312 990 2022-01-01 910757660 BAINBRIDGE PUBLIC LIBRARY BAIN 2064515050 PO BOX 11815 BAINBRIDGE ISLAND WA 98110 WALTER YUND BOARD TREASURER 2064515050 2023-09-04 1 WALTER YUND 999009999 0 MIKE LIND CPA P01339785 3604794611 2023-09-04 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z WALTER YUND PO BOX 11815 BAINBRIDGE ISLAND WA 98110 1232770 0 X WWW.BAINBRIDGEPUBLICLIBRARY.ORG X 1960 WA THE ORGANIZATION'S MISSION IS TO ENSURE A VIBRANT COMMUNITY SPACE DEDICATED TO THE JOY OF READING, THE DISCOVERY OF IDEAS, AND THE POWER OF INFORMATION BY OWNING, OPERATING AND MAINTAINING THE LIBRARY BUILDING AND GROUNDS. THE FACILITIES WERE DONATED BY THE PEOPLE OF BAINBRIDGE ISLAND IN 1961 AND CONTINUE TO BE FUNDED BY CONTRIBUTIONS RAISED THROUGH EFFORTS OF THE BOARD OF DIRECTORS. THE LIBRARY IS OPERATED BY KITSAP REGIONAL LIBRARY, A SEPARATE INDEPENDENT ORGANIZATION, WHICH PROVIDES MATERIALS, STAFF, AND TECHNICAL AND ADMINISTRATIVE SUPPORT. 11 11 0 24 0 0 445914 945359 0 0 103744 111556 19538 29081 569196 1085996 0 4500 0 0 0 0 0 0 16879 252982 322540 252982 327040 316214 758956 6679181 6794785 9936 9936 6669245 6784849 X THE ORGANIZATION'S PRIMARY MISSION IS TO ENSURE A VIBRANT COMMUNITY SPACE DEDICATED TO THE JOY OF READING, THE DISCOVERY OF IDEAS, AND THE POWER OF INFORMATION BY OWNING, OPERATING, AND MAINTAINING THE LIBRARY BUILDING AND GROUNDS. 0 0 295922 4500 SEE SCHEDULE O 295922 1 1 0 0 0 0 0 1 0 1 1 1 0 1 1 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 1 4 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 0 0 0 WA X CHARLES BROWNE 2064515050 7962 GRAND AVENUE NE BAINBRIDGE ISLAND WA 98110 X JIM FOX BOARD MEMBER 4.00 X 0 0 0 CAROL SCHUYLER PRESIDENT 10.00 X X 0 0 0 CHARLES BROWNE SECRETARY 4.00 X X 0 0 0 DENTON KIEHLE BOARD MEMBER 5.00 X 0 0 0 WALTER YUND TREASURER 6.00 X X 0 0 0 KIP BANKART BOARD MEMBER 2.00 X 0 0 0 KATHERINE BOLLES VICE PRESIDENT 5.00 X X 0 0 0 JAMES MCKEEVER BOARD MEMBER 2.00 X 0 0 0 RACHELLE CASTLEBERRY BOARD MEMBER 5.00 X 0 0 0 TRESE WILLIAMSON BOARD MEMBER 2.50 X 0 0 0 JUDY HARTSTONE BOARD MEMBER 5.00 X 0 0 0 0 0 0 0 0 0 0 0 945359 945359 111666 111666 114725 89664 25061 25061 25061 57000 57110 -110 -110 -110 LIBRARY BOARDROOM RENT 531190 2535 2535 MISCELLANEOUS REFUND 900099 1485 1485 4020 1085996 1485 0 139152 4500 4500 14152 14152 4286 2534 1752 1487 1487 1391 1025 366 2819 2819 31909 31909 60 60 160308 160308 2702 2702 REPAIR & MAINTENANCE 88160 88160 POSTAGE AND MAILING 4409 4409 MISCELLANEOUS 3545 3545 LIBRARY U 2652 2652 4660 2072 87 2501 327040 295922 14239 16879 74033 134647 133632 122446 5737391 2838323 2932225 2899068 1771045 2018763 1768246 1619861 6679181 6794785 9936 9936 9936 9936 X 5736821 5775437 932424 1009412 6669245 6784849 6679181 6794785 758956 -643352 0 X X 1 X 0 1 0 X 276142 270696 312915 445914 945359 2251026 276142 270696 312915 445914 945359 2251026 0 0 0 2251026 134840 159489 174815 194271 228926 892341 134840 159489 174815 194271 228926 892341 410982 430185 487730 640185 1174285 3143367 0.71610 0.77230 0.28390 0.22770 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 0 0 1765034 87000 -244548 4500 1602986 1515885 62500 186649 1765034 1301625 49000 165260 1515885 1018846 77000 206779 1000 1301625 1026425 87000 -92579 2000 1018846 0 0 870833 870833 4166391 2399065 1767326 80325 80325 555810 388233 167577 64032 51025 13007 2899068 EMERGING MARKETS STOCK INDEX 167793 F EUROPEAN STOCK INDEX 173886 F HI-YIELD CORPORATE BONDS 190298 F INFLATION PROTECTED SECURITIES 181599 F PACIFIC STOCK INDEX 172581 F REIT INDEX FUND 83386 F SHORT-TERM CORPORATE INVESTMENT GRADE BONDS 193533 F SMALL CAP INDEX 254975 F TOTAL STOCK MARKET INDEX 254814 F FEDERAL MONEY MARKET 235862 F GLOBAL CAPITAL CYCLES 110036 F 2018763 MEMORIAL AND SCULPTURES 1898 ENDOWMENT (2 ACCOUNTS) 1602986 REFUND RECEIVABLE 14977 1619861 SECURITY DEPOSITS 9936 9936 X PART X, LINE 2: THE ORGANIZATION HAS ANALYZED THE TAX POSITIONS TAKEN IN ITS FILING WITH THE INTERNAL REVENUE SERVICE AND STATE JURISDICTIONS WHERE IT OPERATES. THE ORGANIZATION BELIEVES THAT ITS INCOME TAX FILING POSITIONS WILL BE SUSTAINED UPON EXAMINATION AND DOES NOT ANTICIPATE ANY ADJUSTMENTS THAT WOULD RESULT IN A MATERIAL ADVERSE EFFECT ON THE ORGANIZATION'S FINANCIAL CONDITION, RESULTS OF OPERATIONS OR CASH FLOWS. ACCORDINGLY, THE ORGANIZATION HAS NOT RECORDED ANY RESERVE, OR RELATED ACCRUALS FOR INTEREST AND PENALTIES FOR UNCERTAIN INCOME TAX AT DECEMBER 31, 2022. THE ORGANIZATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE ORGANIZATION BELIEVES THAT IT IS NO LONGER SUBJECT TO TAX EXAMINATIONS FOR THE YEARS PRIOR TO 2019. PART III, LINE 3 AND PART III, LINE 4 PART III,3(A): THE ORGANIZATION'S COLLECTIONS CONSIST OF DONATED ARTWORK. IT IS THE ORGANIZATION'S POLICY NOT TO RECOGNIZE ITS COLLECTIONS AS ASSETS IN THE FINANCIAL STATEMENTS. PART III, 4: THE ORGANIZATION'S COLLECTIONS CONSIST OF HAIKU NO NIWA GARDEN; BAY OTTERS (BRONZE SCULPTURE); BIRDS IN FLIGHT (WOOD AND STEEL BENCH); THE MEMORY OF THE WORLD (CAST BRONZE MEDALLIONS); UNTITLED (BENCH OF CONCRETE AND FOUND OBJECTS); THE WAITING BENCH (MADE FROM TREES ON THE SITE); UNTITLED (GLASS, COPPER AND WOOD DOOR); UNTITLED (OIL PAINTING AND CAST GLASS CEILING); READING HANDS (METAL COMPUTER-BACK SCREENS); MANDORLA AND ELIPSE (GUT AND FOUND OBJECTS); GALILEA (GUT AND FOUND OBJECTS); WILDFLOWER BOUQUET (WATERCOLOR); BLUE SEA (OIL/TEMPERA); THE CORNERSTONE( CARVED GRANIDIORITE FOUND ON SITE); CONTEMPLATING BAINBRIDGE ISLAND UNDER A BLUE MOON (WATERCOLOR ASSEMBLAGE); ALPENTAL 2 (BLACK AND WHITE PHOTOGRAPH); SEA FORM SET (GLASS SCULPTURE); WELCOME WAGON QUILT; DEDICATED TO THE VISION OF DR. AND MRS. JAMES HODGES (BLACK AND WHITE PHOTO PORTRAITS); UNTITLED TOTEM POLE; READING SOFA; PARADE OF THE ELEMENTS (SHADOWBOX PAINTING); UNTITLED (ETCHED GLASS PANELS); GLASSABET (FUSED GLASS TILES); FANCIFUL STEP STOOLS: FRESH FISH AND CARMEN MIRANDA); PEACEABLE KINGDOM PRINT; AQUARIUM; A HISTORY OF BAINBRIDGE ISLAND (MAP QUILT); A CARVED WOODEN BENCH. THE COLLECTION FURTHERS OUR EXEMPT PURPOSE IN THAT THE ITEMS ARE DISPLAYED TO AND USED BY THE PUBLIC AND ARE PRESERVED FOR FUTURE GENERATIONS. PART V, 4: THE INTENDED USE OF THE INCOME FROM THE FRIENDS OF THE LIBRARY ENDOWMENT IS TO HELP SUPPORT PROGRAMS, SERVICES, PHYSICAL EXPANSION OF FACILITIES, AND OPERATIONAL EXPENSES OF THE BAINBRIDGE ISLAND PUBLIC LIBRARY. THE INTENDED USE OF THE CYNTHIA HARRISON ENDOWMENT FUND IS TO PROVIDE ANNUAL AWARDS FOR TUITION AND RELATED EDUCATIONAL EXPENSES FOR EMPLOYEES OF KITSAP REGIONAL LIBRARY OR KITSAP REGIONAL LIBRARY VOLUNTEERS TO SUPPORT/FURTHER THEIR EDUCATION. FORM 990, PART III, LINE 4A IHLAND WAY BUILDINGS WERE MAINTAINED AND FULLY TENANTED. THROUGHOUT 2022 BAINBRIDGE PUBLIC LIBRARY (BPL) COVERED THE OPERATING COSTS OF THE BUILDING AND GROUNDS IT OWNS, WHICH ARE OPERATED AS THE BAINBRIDGE BRANCH OF THE KITSAP PUBLIC LIBRARY SYSTEM. A VOLUNTEER GROUP KNOWN AS THE "FRIDAY TIDIES" CONTINUED TO MAINTAIN THE EXTENSIVE GARDEN AND GROUNDS OF THE PROPERTY, WITH THE ASSISTANCE OF A LANDSCAPE MAINTENANCE COMPANY, WITH COSTS PAID BY BPL. IN ADDITION TO NORMAL EXPENSES OF UTILITIES, MAINTENANCE, AND REPAIRS, BPL HIRED CONTRACTORS COMPLETED THE FOLLOWING PROJECTS: REPLACED DRY FIRE-SPRINKLER HEADS THROUGHOUT THE BUILDING AND TESTED ALL SYSTEMS; BUILT A TWO NEW TRASH AND RECYCLING CONTAINER ENCLOSURES, TOGETHER WITH A REPLACEMENT HVAC "FARM" ENCLOSURE; EXTENSIVELY REPAIRED AND RENOVATED A LARGE GARDEN GAZEBO; ACCOMPLISHED EXTENSIVE PATCHING AND REPAIR OF THE ASPHALT PARKING LOTS SURROUNDING THE BUILDING. BPL ALSO ENTERED INTO CONTRACTS WITH TK ELEVATORS AND INTELLISYSTEMS, INC. TO RENOVATE THE CONTROLS AND ELECTRICAL SYSTEM OF THE ELEVATOR SERVING THE LIBRARY BUILDING, WITH WORK TO OCCUR IN THE FIRST HALF OF 2023. BAINBRIDGE PUBLIC LIBRARY PARTNERED WITH LIBRARY U TO PROVIDE A FOUR-PART PROGRAM ON THE HISTORY OF THE SEATTLE WATERFRONT BY FURNISHING ITS MEETING ROOM AND ADMINISTRATIVE SERVICES WITHOUT CHARGE. BPL SPONSORED MONTHLY "FIRST FRIDAY" ARTS WALK RECEPTIONS AT THE LIBRARY. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE COMPLETED FORM 990 IS DISTRIBUTED TO ALL BOARD MEMBERS FOR THEIR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD MONITORS AND ENFORCES COMPLIANCE WITH CONFLICT OF INTEREST POLICY THROUGH THE BPL CODE OF ETHICS WHICH DETAILS DIRECTORS AND OFFICERS' OBLIGATIONS REGARDING A CONFLICT OF INTEREST. ALL BOARD MEMBERS RECEIVE A COPY OF THE CODE OF ETHICS WHICH THEY MUST AGREE TO SIGN ACKNOWLEDGING THEIR AGREEMENT WITH THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 1 BAINBRIDGE PUBLIC LIBRARY USES MODIFIED CASH BASIS OF ACCOUNTING. NO CHANGE FROM PRIOR YEAR. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.