MEMPHIS LIBRARY FOUNDATION: Form 990, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- MEMPHIS LIBRARY FOUNDATION (EIN 62-1590768)
- Tax period
- 2020-07-01 to 2021-06-30
- Filed
- 2022-02-01
- IRS object ID
- 202240329349301534
- Schema version
- 2020v4.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2022-02-01T16:20:10-06:00 | ReturnTs |
| Tax Period End | 2021-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 205556145 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FRAZEE IVY DAVIS PLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5100 POPLAR AVE STE 1400 | AddressLine1Txt |
| City | MEMPHIS | CityNm |
| State Abbreviation | TN | StateAbbreviationCd |
| ZIP | 381371499 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2020-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 621590768 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MEMPHIS LIBRARY FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | MEMP | BusinessNameControlTxt |
| Phone | 9014152831 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3030 POPLAR AVENUE | AddressLine1Txt |
| City | MEMPHIS | CityNm |
| State Abbreviation | TN | StateAbbreviationCd |
| ZIP | 38111 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | CHRISTINE WEINREICH | PersonNm |
| Person Title | EXECUTIVE DIRECTOR | PersonTitleTxt |
| Phone | 9014152831 | PhoneNum |
| Signature | 2022-01-31 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | CHRISTINE | PersonFirstNm |
| Person Last | WEINREICH | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | J SLATER SMITHERS CPA | PreparerPersonNm |
| PTIN | P00281055 | PTIN |
| Phone | 9016851040 | PhoneNum |
| Preparation | 2022-01-31 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 0 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2020 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | CHRISTINE WEINREICH | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3030 POPLAR AVENUE | AddressLine1Txt |
| City | MEMPHIS | CityNm |
| State Abbreviation | TN | StateAbbreviationCd |
| ZIP | 38111 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $2,776,938 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.MEMPHISLIBRARYFOUNDATION.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1995 | FormationYr |
| Legal Domicile State | TN | LegalDomicileStateCd |
| Activity Or Mission | THE MISSION OF THE MEMPHIS LIBRARY FOUNDATION IS TO ENHANCE THE MEMPHIS PUBLIC LIBRARIES THROUGH PRIVATE SUPPORT. | ActivityOrMissionDesc |
| Voting Members Governing Body | 14 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 14 | VotingMembersIndependentCnt |
| Total Employee | 3 | TotalEmployeeCnt |
| Total Volunteers | 22 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $409,521 | PYContributionsGrantsAmt |
| CY Contributions Grants | $634,661 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $25,108 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $48,792 | CYProgramServiceRevenueAmt |
| PY Investment Income | $289,569 | PYInvestmentIncomeAmt |
| CY Investment Income | $642,424 | CYInvestmentIncomeAmt |
| PY Other Revenue | $7,660 | PYOtherRevenueAmt |
| CY Other Revenue | $11,275 | CYOtherRevenueAmt |
| PY Total Revenue | $731,858 | PYTotalRevenueAmt |
| CY Total Revenue | $1,337,152 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $168,124 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $200,193 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $91,515 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $377,525 | PYOtherExpensesAmt |
| CY Other Expenses | $758,154 | CYOtherExpensesAmt |
| PY Total Expenses | $545,649 | PYTotalExpensesAmt |
| CY Total Expenses | $958,347 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $186,209 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $378,805 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $7,765,574 | TotalAssetsBOYAmt |
| Total Assets EOY | $9,471,882 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $65,299 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $104,301 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $7,700,275 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $9,367,581 | NetAssetsOrFundBalancesEOYAmt |
| Mission | THE MISSION OF THE MEMPHIS LIBRARY FOUNDATION IS TO ENHANCE THE MEMPHIS PUBLIC LIBRARIES THROUGH PRIVATE SUPPORT. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $52,243 | ExpenseAmt |
| Desc | THE MEMPHIS LIBRARY FOUNDATION PROVIDED ENHANCEMENTS TO THE COLLECTIONS OF THE MEMPHIS PUBLIC LIBRARY. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $631,905 | ExpenseAmt |
| Revenue | $48,792 | RevenueAmt |
| Desc | THE MEMPHIS LIBRARY FOUNDATION PROVIDED FUNDING FOR VARIOUS SPECIAL PROJECTS AND EDUCATIONAL PROGRAMS THAT ARE HELPING THE LIBRARY'S CUSTOMERS CONNECT, LEARN, AND GROW. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $684,148 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (1) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | 0 | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | 0 | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | 0 | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 19 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 3 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 14 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 14 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | 0 | WhistleblowerPolicyInd |
| Document Retention Policy | 0 | DocumentRetentionPolicyInd |
| Compensation Process CEO | 0 | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | TN | StatesWhereCopyOfReturnIsFldCd |
| Own Website | Yes (X) | OwnWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ADRIANNE HOERTER | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 9014152844 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3030 POPLAR AVENUE | AddressLine1Txt |
| City | MEMPHIS | CityNm |
| State Abbreviation | TN | StateAbbreviationCd |
| ZIP | 38111 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (15 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|---|
| LAWSON ARNEY | ||||||
| CHAIRMAN | 4.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| MARGARET MCLEAN | ||||||
| VICE-CHAIR/TREASURER | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| HEATHER GROSVENOR | ||||||
| SECRETARY | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| CHRISTINE MUNSON | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| KAREN C MATTHEWS | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| CYNTHIA BRADFORD | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| JACK A BELZ | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| GERRE CURRIE | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| LESLIE DALE | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| DORSEY E HOPSON II | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| KIM MACQUEEN | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| HERMAN MORRIS | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| JUILETTE PAUL | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| JENNIFER CAMPBELL | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| CHRISTINE WEINREICH | ||||||
| EXECUTIVE DIRECTOR | 40.00 | Yes (X) | $110,000 | $0 | $0 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $110,000 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $0 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 1 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | 0 | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
| Cntrct Rcvd Greater Than100 K | 0 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $55,249 | GovernmentGrantsAmt |
| All Other Contributions | $579,412 | AllOtherContributionsAmt |
| Noncash Contributions | $11,968 | NoncashContributionsAmt |
| Total Contributions | $634,661 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | BROADCAST FEES | Desc |
| Business | 515100 | BusinessCd |
| Total Revenue Column | $48,792 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $48,792 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $48,792 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $226,606 | TotalRevenueColumnAmt |
| Exclusion | $226,606 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $1,855,604 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $1,439,786 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $415,818 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $415,818 | TotalRevenueColumnAmt |
| Exclusion | $415,818 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $11,275 | FundraisingGrossIncomeAmt |
| Fundraising Direct Expenses | $0 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $11,275 | TotalRevenueColumnAmt |
| Exclusion | $11,275 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,337,152 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $48,792 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $653,699 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $110,000 | TotalAmt |
| Program Services | $44,000 | ProgramServicesAmt |
| Management And General | $22,000 | ManagementAndGeneralAmt |
| Fundraising | $44,000 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $70,258 | TotalAmt |
| Program Services | $27,513 | ProgramServicesAmt |
| Management And General | $13,903 | ManagementAndGeneralAmt |
| Fundraising | $28,842 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $19,935 | TotalAmt |
| Program Services | $7,974 | ProgramServicesAmt |
| Management And General | $3,987 | ManagementAndGeneralAmt |
| Fundraising | $7,974 | FundraisingAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $44,804 | TotalAmt |
| Management And General | $44,804 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $66,359 | TotalAmt |
| Management And General | $66,359 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $94,359 | TotalAmt |
| Program Services | $88,693 | ProgramServicesAmt |
| Management And General | $5,666 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,539 | TotalAmt |
| Program Services | $600 | ProgramServicesAmt |
| Management And General | $4,503 | ManagementAndGeneralAmt |
| Fundraising | $4,436 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,104 | TotalAmt |
| Program Services | $775 | ProgramServicesAmt |
| Management And General | $2,329 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,352 | TotalAmt |
| Program Services | $5,642 | ProgramServicesAmt |
| Management And General | $3,710 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,660 | TotalAmt |
| Program Services | $3,660 | ProgramServicesAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,751 | TotalAmt |
| Management And General | $2,751 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt |
|---|---|---|
| TECHNOLOGY | $161,140 | $161,140 |
| LIBRARY FURNITURE AND E | $98,174 | $98,174 |
| LIBRARY SUPPLIES | $57,942 | $57,942 |
| COLLECTIONS | $52,243 | $52,243 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $154,727 | TotalAmt |
| Program Services | $135,792 | ProgramServicesAmt |
| Management And General | $12,672 | ManagementAndGeneralAmt |
| Fundraising | $6,263 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $958,347 | TotalAmt |
| Program Services | $684,148 | ProgramServicesAmt |
| Management And General | $182,684 | ManagementAndGeneralAmt |
| Fundraising | $91,515 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $157,616 | BOYAmt |
| EOY | $582,258 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $344,916 | BOYAmt |
| EOY | $178,606 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $100,442 | BOYAmt |
| EOY | $86,119 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $864 | BOYAmt |
| EOY | $264 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,093,916 | BOYAmt |
| EOY | $8,541,980 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $67,820 | BOYAmt |
| EOY | $82,655 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,765,574 | BOYAmt |
| EOY | $9,471,882 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $39,899 | BOYAmt |
| EOY | $72,111 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $25,400 | BOYAmt |
| EOY | $32,190 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $65,299 | BOYAmt |
| EOY | $104,301 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,498,862 | BOYAmt |
| EOY | $2,959,428 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,201,413 | BOYAmt |
| EOY | $6,408,153 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,700,275 | BOYAmt |
| EOY | $9,367,581 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,765,574 | BOYAmt |
| EOY | $9,471,882 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $378,805 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $1,288,501 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $671,683 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $481,843 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $358,528 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $438,129 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $645,936 | CurrentTaxYearAmt |
| Total | $2,596,119 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $671,683 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $481,843 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $358,528 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $438,129 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $645,936 | CurrentTaxYearAmt |
| Total | $2,596,119 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total170 | $2,596,119 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $597,559 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $374,267 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $378,855 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $480,142 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $642,424 | CurrentTaxYearAmt |
| Total | $2,473,247 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $5,069,366 | TotalSupportAmt |
| Public Support CY170 | 0.51210 | PublicSupportCY170Pct |
| Public Support PY170 | 0.58270 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $7,200,169 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $1,843,927 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $226,354 | OtherExpendituresAmt |
| End Year Balance | $8,817,742 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $6,822,431 | BeginningYearBalanceAmt |
| Contributions | $1,410 | ContributionsAmt |
| Investment Earnings Or Losses | $410,551 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $34,223 | OtherExpendituresAmt |
| End Year Balance | $7,200,169 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $6,441,576 | BeginningYearBalanceAmt |
| Contributions | $1,160 | ContributionsAmt |
| Investment Earnings Or Losses | $458,850 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $79,155 | OtherExpendituresAmt |
| End Year Balance | $6,822,431 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $6,332,115 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $323,328 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $213,867 | OtherExpendituresAmt |
| End Year Balance | $6,441,576 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $5,949,301 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $523,604 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $140,790 | OtherExpendituresAmt |
| End Year Balance | $6,332,115 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.34180 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.65820 | PrmnntEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | Yes (1) | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
| Total Book Value Land Buildings | $0 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (3 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| EQUITY MUTUAL FUNDS | $5,725,630 | F |
| FIXED INCOME MUTUAL FUNDS | $2,492,816 | F |
| CASH | $323,534 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $8,541,980 | TotalBookValueSecuritiesAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | PPP LOAN | Desc |
| Amt | $32,190 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $32,190 | TotalLiabilityAmt |
| Total Rev Etc Audited Fincl Stmt | $2,559,294 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $1,288,501 | NetUnrealizedGainsInvstAmt |
| Revenue Not Reported | $1,288,501 | RevenueNotReportedAmt |
| Revenue Subtotal | $1,270,793 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $66,359 | InvestmentExpensesNotIncldAmt |
| Revenue Not Reported Fincl Stmt | $66,359 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $1,337,152 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $891,988 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $891,988 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $66,359 | InvestmentExpensesNotIncld2Amt |
| Expenses Not Rpt Fincl Stmt | $66,359 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $958,347 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART V. LINE 4: | FormAndLineReferenceDesc |
| Explanation | ENDOWMENT FUNDS WILL BE SPENT TOWARDS MEMPHIS PUBLIC LIBRARY COLLECTIONS AND ENHANCEMENTS AND PROGRAMS ACCORDING TO DONOR RESTRICTIONS AND ENDOWMENT POLICY LIMITS. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION B, LINE 11B | THE 990 IS FIRST REVIEWED BY THE EXECUTIVE DIRECTOR AND THEN BY THE FINANCE COMMITTEE. AFTER THAT IT GOES TO THE EXECUTIVE COMMITTEE AND FULL BOARD OF DIRECTORS FOR APPROVAL. |
| FORM 990, PART VI, SECTION B, LINE 12C | IF CONTRACTS OR OTHER BUSINESS ARE CONDUCTED, THE EXECUTIVE COMMITTEE REVIEWS WHETHER THERE COULD POTENTIALLY BE ANY CONFLICT OF INTEREST INVOLVING BOARD MEMBERS. |
| FORM 990, PART VI, SECTION C, LINE 19 | DOCUMENTS ARE AVAILABLE UPON REQUEST THROUGH THE ORGANIZATION'S WEBSITE, AND THROUGH GUIDESTAR ONLINE. |
| FORM 990, PART IX, LINE 24E | SOFTWARE: PROGRAM SERVICE EXPENSES 26,243. MANAGEMENT AND GENERAL EXPENSES 8,159. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 34,402. INCENTIVES: PROGRAM SERVICE EXPENSES 25,892. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 25,892. LIBRARY CLASSES, DEMONSTRATIONS AND PRESENTERS: PROGRAM SERVICE EXPENSES 24,813. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 24,813. CONTRACT LABOR: PROGRAM SERVICE EXPENSES 16,655. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 16,655. MISCELLANEOUS : PROGRAM SERVICE EXPENSES 11,550. MANAGEMENT AND GENERAL EXPENSES 779. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 12,329. DUES AND SUBSCRIPTIONS: PROGRAM SERVICE EXPENSES 9,155. MANAGEMENT AND GENERAL EXPENSES 1,138. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 10,293. TRAINING & STAFF DEVELOPMENT: PROGRAM SERVICE EXPENSES 9,453. MANAGEMENT AND GENERAL EXPENSES 620. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 10,073. BROADCASTING: PROGRAM SERVICE EXPENSES 7,056. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 7,056. FUNDRAISING SPECIAL EVENTS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 6,023. TOTAL EXPENSES 6,023. PERFORMERS: PROGRAM SERVICE EXPENSES 4,975. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,975. POSTAGE AND SHIPPING: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 1,167. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,167. MEALS, CATERING AND SNACKS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 515. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 515. BANK AND CREDIT CARD FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 294. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 294. FUNDRAISING LICENSES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 240. TOTAL EXPENSES 240. |
Comments