2021-02-17T13:13:44-06:00 2020-06-30 390758449 WIPFLI LLP 170 NORTH RADNOR-CHESTER ROAD SUITE 200 RADNOR PA 19087 990 2019-07-01 521173474 FREE LIBRARY OF PHILADELPHIA FOUNDATION FREE 2155675948 1901 VINE STREET PHILADELPHIA PA 191031189 DAVID T EDWARDS CFO 2155675948 2021-02-17 1 JOHN J NIHILL CPA P00844252 6105653930 2021-02-16 2019 2022-09-23 18:48:47Z SAME AS ABOVE SIOBHAN A REARDON 1901 VINE STREET PHILADELPHIA PA 191031189 16408105 0 X WWW.FREELIBRARY.ORG X 1891 PA SEE SCHEDULE O.TO DEVELOP RESOURCES AND FUNDING TO EXPAND, ENHANCE, AND SUPPORT THE SERVICES, COLLECTIONS, BUILDING IMPROVEMENTS AND TECHNOLOGY EXPANSION, AND OTHER ACTIVITIES OF THE FREE LIBRARY OF PHILADELPHIA. PROGRAMS INCLUDE EARLY CHILDHOOD, FAMILY, AND ADULT LITERACY; AFTER-SCHOOL HOMEWORK HELP; SUPPORT OF JOB SEEKING EFFORTS; REGIONAL FOUNDATION CENTER; LECTURE SERIES; SUMMER PROGRAMS IN READING AND SCIENCE; AND CULTURAL PERFORMANCES. 39 39 406 300 0 0 16450995 12765482 868151 589958 1354104 -561201 969176 611150 19642426 13405389 0 0 0 0 6632976 6934005 184975 187987 2107124 21033589 7057650 27851540 14179642 -8209114 -774253 46146434 46949093 11828259 11569765 34318175 35379328 X TO DEVELOP RESOURCES AND FUNDING TO EXPAND, ENHANCE, AND SUPPORT THE SERVICES, COLLECTIONS, BUILDING IMPROVEMENTS AND TECHNOLOGY EXPANSION, AND OTHER ACTIVITIES OF THE FREE LIBRARY OF PHILADELPHIA. PROGRAMS INCLUDE EARLY CHILDHOOD, FAMILY, AND ADULT LITERACY; AFTER-SCHOOL HOMEWORK HELP; SUPPORT OF JOB SEEKING EFFORTS; REGIONAL FOUNDATION CENTER; LECTURE SERIES; SUMMER PROGRAMS IN READING AND SCIENCE; AND CULTURAL PERFORMANCES. 0 0 6347707 589958 PUBLIC PROGRAMS: TO PROVIDE SUPPORT FOR LITERACY, CULTURAL AND EDUCATIONAL PROGRAMMING ON BEHALF OF THE FREE LIBRARY OF PHILADELPHIA. EXAMPLES OF SUCH PROGRAMS INCLUDE: THE LITERACY ENRICHMENT AFTER-SCHOOL PROGRAM (LEAP), ONE BOOK ONE PHILADELPHIA, SCIENCE IN THE SUMMER, TEEN PROGRAMMING, COLLEGE PREP, THE AUTHOR LECTURE SERIES, AND SUMMER READING PROGRAM. 2307085 FACILITIES RENOVATIONS: PRIMARILY TO MAKE RENOVATIONS TO THE LIBRARY. 630748 LIBRARY CAPITAL PROJECTS: TO RENOVATE AND ENHANCE THE CENTRAL BRANCH OF THE LIBRARY AS WELL AS FIVE NEIGHBORHOOD LIBRARIES; TACONY, LOVETT, MARRERO, LOGAN AND THE SOUTH PHILADELPHIA BRANCHES. 539778 COLLECTIONS AND PRESERVATION: TO ENHANCE THE LIBRARY'S PROMINENT RESEARCH COLLECTIONS, SUCH AS THE FLEISHER COLLECTION, DICKENS COLLECTION, POE COLLECTION, MEDIEVAL MANUSCRIPTS, ETC. 319269 TECHNOLOGY: TO SUPPLEMENT THE LIBRARY'S TECHNOLOGICAL NEEDS SUCH AS WEBSITE DESIGN, DEVELOP INFRASTRUCTURE OF THE LIBRARY'S NETWORK, AND COMPUTER SERVICES FOR THE CHILDREN'S DEPARTMENT. 859047 10144587 1 1 0 1 0 0 0 1 0 1 1 1 0 0 0 1 0 1 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 193 0 1 406 1 0 0 0 0 0 0 0 0 0 0 0 0 X 39 39 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 1 0 PA NJ X FREE LIBRARY OF PHILADELPHIA FOUNDATION 2155675948 1901 VINE STREET PHILADELPHIA PA 19103 SHARA POLLIE S.V.P. DEVELOPMENT 37.50 0.00 X 245998 0 19616 JAMES PECORA V.P. PROPERTY MANAGEMENT 37.50 0.00 X 192135 0 20365 DAVID EDWARDS CHIEF FINANCIAL OFFICER 37.50 0.00 X 176438 0 21517 SARAH MORAN A.V.P. DEVELOPMENT 37.50 0.00 X 151124 0 12086 SUSAN GOULD V.P STRATEGIC INITIATIVES 37.50 0.00 X 148787 0 6695 JENNY BOGONI EXECUTIVE DIRECTOR, READ! BY 4TH 37.50 0.00 X 138418 0 23401 ALIX GERZ DIRECTOR, AUTHOR EVENTS 37.50 0.00 X 119654 0 18967 ANDREW KAHAN VICE PRESIDENT, COMMUNICATIONS 37.50 0.00 X 114085 0 15687 D JEFFERY BENOLIEL BOD MEMBER - FIRST VICE CHAIR 1.00 0.00 X X 0 0 0 MARSHA PERELMAN BOD MEMBER - SECOND VICE CHAIR 1.00 0.00 X 0 0 0 HONORABLE PAMELA DEMBE BOD MEMBER - VICE CHAIR, EX-OFFICIO 1.00 0.00 X X 0 0 0 RICHARD A GREENAWALT BOD MEMBER - SECRETARY 1.00 0.00 X X 0 0 0 SIOBHAN A REARDON BOD MEMBER - PRESIDENT & DIRECTOR 18.00 0.00 X X 0 0 0 BARBARA SUTHERLAND BOD MEMBER - CHAIR 10.00 0.00 X X 0 0 0 JAY WEINSTEIN BOD MEMBER - TREASURER 1.00 1.00 X X 0 0 0 ROBERT ADELSON BOD MEMBER 1.00 0.00 X 0 0 0 CYNTHIA AFFLECK BOD MEMBER 1.00 1.00 X 0 0 0 CAROL BANFORD BOD MEMBER 1.00 0.00 X 0 0 0 HONORABLE PHYLLIS W BECK RET BOD MEMBER 1.00 0.00 X 0 0 0 JAMES BILES BOD MEMBER 1.00 0.00 X 0 0 0 BENITO CACHINO-SANCHEZ BOD MEMBER 1.00 0.00 X 0 0 0 LYNN CHARYTAN BOD MEMBER 1.00 0.00 X 0 0 0 JEFFREY COOPER BOD MEMBER 1.00 0.00 X 0 0 0 TOBEY DICHTER BOD MEMBER 1.00 0.00 X 0 0 0 DONNA GERSON BOD MEMBER 1.00 0.00 X 0 0 0 MELISSA GRIMM BOD MEMBER 1.00 0.00 X 0 0 0 JANET HAAS MD BOD MEMBER 1.00 0.00 X 0 0 0 PEKKA HAKKARAINEN BOD MEMBER 1.00 0.00 X 0 0 0 ROBERT HEIM BOD MEMBER 1.00 0.00 X 0 0 0 JOHN IMBESI BOD MEMBER 1.00 0.00 X 0 0 0 MICHAEL INNOCENZO BOD MEMBER 1.00 0.00 X 0 0 0 PHILIP JAURIGUE BOD MEMBER 1.00 0.00 X 0 0 0 GEOFFREY KENT BOD MEMBER 1.00 0.00 X 0 0 0 EUGENE BOURNE LEFEVRE BOD MEMBER 1.00 0.00 X 0 0 0 PETER NALLE BOD MEMBER 1.00 1.00 X 0 0 0 PATRICK M OATES PH D BOD MEMBER 1.00 0.00 X 0 0 0 FOLASADE OLANIPEKUN-LEWIS BOD MEMBER 1.00 0.00 X 0 0 0 WILLIAM R SASSO BOD MEMBER 1.00 0.00 X 0 0 0 JUDE TUMA EFF 412020 BOD MEMBER 1.00 0.00 X 0 0 0 SUSAN G SMITH BOD MEMBER 1.00 0.00 X 0 0 0 LENORE STEINER BOD MEMBER 1.00 1.00 X 0 0 0 SHELLEY STEWART BOD MEMBER 1.00 1.00 X 0 0 0 LARRY WEISS BOD MEMBER 1.00 0.00 X 0 0 0 SHELDON BONOVITZ BOD MEMBER 1.00 0.00 X 0 0 0 GEORGE DAY BOD MEMBER 1.00 0.00 X 0 0 0 ANDREA EHRLICH BOD MEMBER 1.00 0.00 X 0 0 0 STEPHANIE NAIDOFF BOD MEMBER 1.00 0.00 X 0 0 0 1286639 0 138334 8 0 1 0 BRULEE CATERING 1406 S FRONT ST PHILADELPHIA PA 19147 CATERING 236883 HARMELIN MEDIA 525 RIGHTERS FERRY ROAD BALA CYNWOOD PA 19004 ADVERTISING 207507 ALLEGIANCE FUNDRAISING LLC 36 CORDAGE PARK CIRCLE PLYMOUTH MA 02360 FUNDRAISING, DIRECT MAIL 198015 MIGHTY ENGINE INC 30 SOUTH STREET 15TH FLOOR PHILADELPHIA PA 19102 COMMUNICATIONS 178355 COLUMBIA UNIVERSITY 535 W 114TH STREET NEW YORK NY 10027 CONSULTANT, CONSERVATION 125098 5 98885 2282157 10384440 12765482 LECTURE SERIES 900099 443774 443774 FINES & LOST BOOKS 900099 93401 93401 FREE LIBRARY SERVICES 900099 44061 44061 SALES-BOOKS & PUBLIC 900099 8722 8722 589958 535163 535163 73907 73907 10882 0 10882 10882 10882 1678213 2774577 -1096364 -1096364 -1096364 329230 98885 228139 101091 101091 OTHER INCOME 900099 251380 251380 VENDED SYSTEMS 900099 173890 173890 425270 13405389 589958 0 49949 X 693127 429541 137858 125728 5025277 3114237 999490 911550 418635 132670 121977 163988 796966 582086 132295 82585 32730 30 32700 77368 5353 72015 73355 73355 187987 187987 149848 116256 33592 2538921 2229179 110901 198841 522557 358507 4253 159797 950867 774588 53091 123188 237234 183303 36563 17368 45446 29345 14467 1634 186154 56756 55052 74346 327477 327477 1302 1302 62247 1614 57404 3229 PROGRAMS AND EXHIBITS 841622 799533 32625 9464 OTHER EXPENSES 514612 339960 136393 38259 LIBRARY MATERIALS 340961 337399 3230 332 DUES AND PUBLICATIONS 133507 72600 52079 8828 21442 508275 -486833 14179642 10144587 1927931 2107124 1038685 2632769 1759514 166980 13474979 13915465 878818 2064306 91188 75464 257823 257823 1302 0 15299154 17531249 12792135 9970906 810659 591954 46146434 46949093 3832329 1131465 1438300 7995930 9000000 11828259 11569765 X 2174863 1907437 32143312 33471891 34318175 35379328 46146434 46949093 -774253 1835406 0 X 0 1 X 1 0 X 20292246 30743237 23579429 16450995 12765482 103831389 20292246 30743237 23579429 16450995 12765482 103831389 6051754 97779635 1194936 936059 2396384 1414322 619958 6561659 305939 284169 367221 895989 526361 2379679 112772727 3344375 0.86710 0.80880 X PART II SECTION B LINE 10 OTHER INCOME INCLUDES EVENT AND MISCELLANEOUS REVENUE AS REPORTED IN PART VIII STATEMENT OF REVENUE. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 73355 73355 14184578 14257933 862897 215724 0 0 1000000 1000000 1000000 862897 3862897 5794346 49850 61560 65891 73355 250656 250000 250000 250000 215724 965724 1448586 X X 0 32582919 1091124 1105852 1770385 33009510 33080293 397860 1489916 2385150 32582919 31571155 666838 2426841 1584541 33080293 29263818 353360 3793897 1839920 31571155 30770399 748725 -511067 1744242 29263818 0.07480 0.52820 0.39700 0 1 1 128181 128181 0 129642 129642 0 0 VANGUARD INTERNATIONAL STOCK INDEX 2768053 F VANUARD TOTAL STOCK MARKET INDEX 4321928 F VANGUARD SHORT TERM BOND INDEX ADM 2880925 F 9970906 X 15319086 1835406 228139 2063545 13255541 149848 149848 13405389 14257933 228139 228139 14029794 149848 149848 14179642 PART III, LINE 1A: THE FOUNDATION OWNS AND MAINTAINS COLLECTIONS OF RARE BOOKS, MANUSCRIPTS, MAPS, PAINTINGS, PRINTS, MUSIC, ETC., MOST OF WHICH HAVE BEEN ACQUIRED THROUGH INDIVIDUAL GIFTS AND BEQUESTS. THE ROSENBACH CONTRIBUTED COLLECTION ITEMS INCLUDE RARE BOOKS, MANUSCRIPTS, FINE AND DECORATIVE ARTS AND PERIOD FINISHINGS. A FINE ARTS INSURANCE POLICY WITH COVERAGE UP TO $11,000,000 IS CARRIED ON THE COLLECTIONS. IN THE OPINION OF MANAGEMENT, THIS REPRESENTS ONLY A FRACTION OF THE PRESENT FAIR VALUE OF THE ITEMS, MANY OF WHICH ARE IRREPLACEABLE. THE FOUNDATION HAS NOT ASSIGNED A VALUE TO THE COLLECTIONS FOR ACCOUNTING PURPOSES, SINCE IT IS NOT PRACTICAL TO DETERMINE THE COST, THE FAIR VALUE AT DATE OF ACQUISITION OR THE NET REALIZABLE VALUE OF THESE COLLECTIONS. PART III, LINE 4: SPECIAL COLLECTIONS ENHANCE THE EDUCATIONAL MISSION OF THE FREE LIBRARY BY ASSEMBLING AND MAKING ACCESSIBLE HISTORIC MATERIALS THAT PROMOTE UNDERSTANDING OF OUR SHARE CULTURAL HERITAGE. PART V, LINE 4: THE ENDOWMENT OF THE FOUNDATION CONSISTS OF 69 FUNDS ESTABLISHED BY DONORS FOR VARIOUS PURPOSES. THE ENDOWMENT OF THE ROSENBACH, A RELATED ENTITY WHICH HOLDS FUNDS FOR THE BENEFIT OF THE FOUNDATION AND ARE INCLUDED IN THE ABOVE SCHEDULE, CONSISTS OF 24 FUNDS ESTABLISHED BY DONORS FOR VARIOUS PURPOSES. AS REQUIRED BY UNITED STATES GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS, INCLUDING FUNDS DESIGNATED BY THE BOARD OF DIRECTORS TO FUNCTION AS ENDOWMENT, ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. PART X, LINE 2: THE FOUNDATION HAS OBTAINED A FAVORABLE DETERMINATION THAT IT IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS CLASSIFIED AS AN ORGANIZATION THAT IS OTHER THAN A PRIVATE FOUNDATION. ACCORDINGLY, NO PROVISION HAS BEEN MADE FOR INCOME TAXES. MANAGEMENT HAS REVIEWED TAX POSITIONS TAKEN IN FILINGS WITH FEDERAL AND STATE JURISDICTIONS AND BELIEVES THOSE POSITIONS WOULD BE SUSTAINED SHOULD THE FILINGS BE EXAMINED BY THE RELEVANT TAXING AUTHORITY. OPEN PERIODS SUBJECT TO AUDIT FOR FEDERAL PURPOSES ARE GENERALLY THE PREVIOUS THREE YEARS OF TAX RETURNS FILED. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 228,139. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 228,139. X X X X X X 1 ALLEGIANCE FUNDRAISING LLC 36 CORDAGE PARK CIRCLE PLYMOUTH MA 02360 DIRECT MAIL SERVICES - PLANNING, ADVISING, AND CONSULTING 0 632155 187997 444158 632155 187997 444158 PA NJ GALA 428115 98885 329230 80287 49925 97927 428115 98885 329230 80287 49925 97927 228139 101091 X X 0 0 0 0 0 0 0 0 0 SHARA POLLIE S.V.P. DEVELOPMENT 245998 0 0 0 0 0 6033 0 13583 0 265614 0 0 0 JAMES PECORA V.P. PROPERTY MANAGEMENT 192135 0 0 0 0 0 8646 0 11719 0 212500 0 0 0 DAVID EDWARDS CHIEF FINANCIAL OFFICER 176438 0 0 0 0 0 7934 0 13583 0 197955 0 0 0 SARAH MORAN A.V.P. DEVELOPMENT 151124 0 0 0 0 0 6801 0 5285 0 163210 0 0 0 SUSAN GOULD V.P STRATEGIC INITIATIVES 148787 0 0 0 0 0 6695 0 0 0 155482 0 0 0 JENNY BOGONI EXECUTIVE DIRECTOR, READ! BY 4TH 138418 0 0 0 0 0 6229 0 17172 0 161819 0 0 0 PART I, LINE 3 THE ORGANIZATION'S PROCESS FOR DETERMINING COMPENSATION INCLUDES AN ANNUAL REVIEW AND APPROVAL BY THE GOVERNING BODY. THE ORGANIZATION USES COMPARABLE DATA FROM ORGANIZATIONS SIMILAR IN SIZE AND PURPOSE FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE AUDIT COMMITTEE AND IS THEN MADE AVAILABLE TO THE ORGANIZATION'S GOVERNING BODY BEFORE BEING FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE CFO IS RESPONSIBLE FOR REVIEWING ALL CONTRACTS AS WELL AS IDENTIFYING ANY POSSIBLE CONFLICTS OF INTEREST. POTENTIAL CONFLICTS OF INTEREST ARE IDENTIFIED APPLYING THE PRESCIBED PROCEDUIRES. THE BOARD OF DIRECTORS MUST ANNUALLY CERTIFY THEIR COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15B THE PRESIDENT AND DIRECTOR ARE COMPENSATED BY THE CITY OF PHILADELPHIA AND ALL SALARY DECISIONS ARE MADE BY THE BOARD OF TRUSTEES OF THE FREE LIBRARY OF PHILADELPHIA. REGARDING OTHER KEY OFFICERS, ANNUALLY THE FOUNDATION BOARD OF DIRECTORS APPROVES THE COLLECTIVE SALARY RATE INCREASE FOR ALL EMPLOYEES OF THE ORGANIZATION FOR THE UPCOMING FISCAL YEAR. INDIVIDUAL RATE INCREASES ARE THEN REVIEWED AND APPROVED BY THE DIRECTOR, CHIEF FINANCIAL OFFICER AND THE HR MANAGER. IN ADDITION, COMPARABLE SALARY DATA FROM ORGANIZATIONS OF SIMILAR SIZE AND PURPOSE FOR SIMILARLY QUALIFIED INDIVIDUALS IS USED TO DETERMINE THE APPROPRIATE SALARY FOR NEW HIRES. THE SOURCES OF THAT INFORMATION ARE HR PROFESSIONAL ASSOCIATIONS, AND SURVEY DATA FROM VARIOUS OTHER SOURCES SUCH AS UNIVERSITIES AND EMPLOYMENT AGENCIES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTING: PROGRAM SERVICE EXPENSES 2,194,495. MANAGEMENT AND GENERAL EXPENSES 47,325. FUNDRAISING EXPENSES 118,505. TOTAL EXPENSES 2,360,325. TRAINING: PROGRAM SERVICE EXPENSES 10,262. MANAGEMENT AND GENERAL EXPENSES 19,953. FUNDRAISING EXPENSES 1,755. TOTAL EXPENSES 31,970. TEMPORARY SERVICES: PROGRAM SERVICE EXPENSES 16,934. MANAGEMENT AND GENERAL EXPENSES 16,525. FUNDRAISING EXPENSES 74,976. TOTAL EXPENSES 108,435. PROFESSIONAL DEVELOPMENT: PROGRAM SERVICE EXPENSES 4,450. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,450. RECRUITING: PROGRAM SERVICE EXPENSES 3,038. MANAGEMENT AND GENERAL EXPENSES 706. FUNDRAISING EXPENSES 3,605. TOTAL EXPENSES 7,349. PAYROLL SERVICE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 26,392. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 26,392. THE ROSENBACH OF THE FREE LIBRARY OF PHILADELPHIA FOUNDATION 2010 DELANCEY PLACE PHILADELPHIA PA 19103 231425055 OPERATION OF MUSEUM AND LIBRARY PA 501(C)(3) LINE 7 THE FREE LIBRARY OF PHILADELPHIA FOUNDATION 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1