2022-10-12T19:57:05-05:00 2021-12-31 911397083 HEARTHSTONE CPA GROUP PS 4312 KITSAP WAY SUITE 102 BREMERTON WA 98312 990 2021-01-01 910757660 BAINBRIDGE PUBLIC LIBRARY BAIN 2064515050 PO BOX 11815 BAINBRIDGE ISLAND WA 98110 WALTER YUND BOARD TREASURER 2064515050 2022-10-12 1 WALTER YUND 999009999 MIKE LIND CPA P01339785 3604794611 2022-10-12 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z WALTER YUND PO BOX 11815 BAINBRIDGE ISLAND WA 98110 680297 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. 12 12 0 23 0 0 312915 445914 0 0 72718 103744 2862 19538 388495 569196 0 0 0 0 0 0 0 0 9580 315585 252982 315585 252982 72910 316214 6117018 6679181 8660 9936 6108358 6669245 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 230386 DURING 2021:IHLAND WAY BUILDINGS WERE MAINTAINED AND FULLY TENANTED. REPAIRS AND REPAVING WORK TO THE PARKING LOT WAS EXPLORED AND BIDS OBTAINED, BUT WORK WAS DEFERRED UNTIL 2022 OR 2023. BAINBRIDGE PUBLIC LIBRARY SPONSORED THE PROGRAM "BOOK LOVER'S NIGHT OUT" CONSISTING OF A PANEL DISCUSSION BY 5 LOCAL (BAINBRIDGE ISLAND AND SEATTLE) AUTHORS MODERATED BY GEORGE SHANNON. THE PROGRAM WAS ACCOMPLISHED VIA ZOOM DUE TO COVID RESTRICTIONS. IN ADDITION BPL SPONSORED 6 "FIRST FRIDAY" ARTS WALK RECEPTIONS AT THE LIBRARY.THROUGHOUT 2021, BPL CONTINUED TO COVER THE OPERATING COSTS OF THE LIBRARY BUILDING, ACCOMPLISHED FURTHER REPAIR WORK ON THE LIBRARY BUILDING AS RECOMMENDED BY THE 2019 CHRIS UGLES REPORT, MAINTAINED THE GROUNDS THROUGH THE EFFORTS OF THE VOLUNTEER GROUP "FRIDAY TIDIES AND SOLICITED BIDS FOR THE REPAIR AND/OR REPLACEMENT OF THE GAZEBO STRUCTURE LOCATED ON THE LIBRARY GROUNDS. BIDS WERE RECEIVED FROM 3 CONTRACTORS AND WERE UNDER REVIEW AT YEAR END. THE LIBRARY ALSO PREPARED A REQUEST FOR PROPOSAL COVERING CONSTRUCTIONS OF A NEW RECYCLING ENCLOSURE AND REPLACEMENT OF 2 EXISTING ENCLOSURES FOR TRASH AND HVAC IN ACCORDANCE WITH PLANS AND SPECIFICATIONS PREPARED BY A VOLUNTEER ARCHITECT IN 2020. BIDS WERE RECEIVED FROM 2 CONTRACTORS AND A THIRD BID WAS BEING SOLICITED AT YEAR END. 230386 1 1 0 0 0 0 0 1 0 1 1 1 0 1 0 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 12 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 0 0 0 WA X THE ORGANIZATION 2064515050 1270 MADISON AVE N BAINBRIDGE ISLAND WA 981102721 X JIM FOX BOARD MEMBER 3.00 X 0 0 0 CAROL SCHUYLER PRESIDENT 8.00 X X 0 0 0 CHARLES BROWNE SECRETARY 4.00 X X 0 0 0 DENTON KIEHLE BOARD MEMBER 4.00 X 0 0 0 ERIC WEISSMAN TREASURER 5.00 X X 0 0 0 KIP BANKART BOARD MEMBER 2.00 X 0 0 0 KATHERINE BOLLES VICE PRESIDENT 1.00 X X 0 0 0 LYNN MCINTYRE BOARD MEMBER 4.50 X 0 0 0 RACHELLE CASTLEBERRY BOARD MEMBER 5.00 X 0 0 0 TRESE WILLIAMSON BOARD MEMBER 2.50 X 0 0 0 ELIZABETH CROMWELL BOARD MEMBER 2.50 X 0 0 0 WALTER YUND BOARD MEMBER 2.00 X 0 0 0 0 0 0 0 0 0 0 0 445914 445914 85430 85430 108741 89303 19438 19438 19438 40112 21798 18314 18314 18314 LIBRARY BOARDROOM RENT 531190 100 100 100 569196 0 0 123282 412 228 184 15210 1415 12788 1007 1329 1329 1504 980 524 1132 1132 28617 28617 158810 158810 7368 7368 REPAIR & MAINTENANCE 30249 30249 ENTERTAINMENT 2942 2942 POSTAGE AND MAILING 1623 1623 PROPERTY TAX 1432 1432 2354 1515 839 252982 230386 13016 9580 23827 74033 167040 133632 5579725 2647500 3115616 2932225 1292752 1771045 1517783 1768246 6117018 6679181 8660 9936 8660 9936 X 5242358 5736821 866000 932424 6108358 6669245 6117018 6679181 316214 244673 0 X X 1 X 0 1 0 X 277990 276142 270696 312915 445914 1583657 277990 276142 270696 312915 445914 1583657 0 0 0 1583657 79403 69594 67275 56337 194271 466880 79403 69594 67275 56337 194271 466880 357393 345736 337971 369252 640185 2050537 0.77230 0.82410 0.22770 0.17590 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 0 0 1515885 62500 186649 1765034 1301625 49000 165260 1515885 1018846 77000 206779 1000 1301625 1026425 87000 -92579 2000 1018846 862793 24000 141382 1750 1026425 0 0 870833 870833 4166331 2263756 1902575 478529 334467 144062 64032 49277 14755 2932225 EMERGING MARKETS STOCK INDEX 158795 F EUROPEAN STOCK INDEX 166075 F HI-YIELD CORPORATE BONDS 163211 F INFLATION PROTECTED SECURITIES 162938 F PACIFIC STOCK INDEX 156765 F REIT INDEX FUND 125044 F SHORT-TERM CORPORATE INVESTMENT GRADE BONDS 255318 F SMALL CAP INDEX 242032 F TOTAL STOCK MARKET INDEX 254306 F FEDERAL MONEY MARKET 3045 F GLOBAL CAPITAL CYCLES 83516 F 1771045 MEMORIAL AND SCULPTURES 1898 ENDOWMENT (2 ACCOUNTS) 1765034 LEASE COMMISSION 1314 1768246 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, 2021. 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 2018. 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). 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 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.