CHARLESTON LIBRARY SOCIETY: Form 990, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
CHARLESTON LIBRARY SOCIETY (EIN 57-0314372)
Tax period
2020-01-01 to 2020-12-31
Filed
2021-05-14
IRS object ID
202131349349303078
Schema version
2020v4.1
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

FieldValueIRS element (for citing)
Return2021-05-14T10:21:23-07:00ReturnTs
Tax Period End2020-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1STREETMAN JONES & POWERS LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1171 CHURCH STREET STE 240AddressLine1Txt
CityCHARLESTONCityNm
State AbbreviationSCStateAbbreviationCd
ZIP29401ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2020-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN570314372EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1CHARLESTON LIBRARY SOCIETYBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlCHARBusinessNameControlTxt
Phone8437239912PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1164 KING STREETAddressLine1Txt
CityCHARLESTONCityNm
State AbbreviationSCStateAbbreviationCd
ZIP29401ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJACK MCSPADDENPersonNm
Person TitleTREASURERPersonTitleTxt
Phone8437239912PhoneNum
Signature2021-05-03SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstJACKPersonFirstNm
Person LastMCSPADDENPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonBRIAN R POWERS CPA CVAPreparerPersonNm
PTINP00540391PTIN
Phone8437233133PhoneNum
Preparation2021-05-14PreparationDt
Self EmployedYes (X)SelfEmployedInd

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer3TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
Federated Assurance LevelFAL1FederatedAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerANNE CLEVELANDPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1164 KING STREETAddressLine1Txt
CityCHARLESTONCityNm
State AbbreviationSCStateAbbreviationCd
ZIP29401ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$2,047,004GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressCHARLESTONLIBRARYSOCIETY.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1987FormationYr
Legal Domicile StateSCLegalDomicileStateCd
Activity Or MissionFOUNDING IN 1748, THE CHARLESTON LIBRARY SOCIETY (THE SOCIETY) IS THE SOUTH'S OLDEST CULTURAL INSTITUTION AND THE SECOND OLDEST CIRCULATING LIBRARY IN THE UNITED STATES.ActivityOrMissionDesc
Voting Members Governing Body20VotingMembersGoverningBodyCnt
Voting Members Independent20VotingMembersIndependentCnt
Total Employee16TotalEmployeeCnt
Total Volunteers0TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$3,034,657PYContributionsGrantsAmt
CY Contributions Grants$1,835,858CYContributionsGrantsAmt
PY Program Service Revenue$160,473PYProgramServiceRevenueAmt
CY Program Service Revenue$133,008CYProgramServiceRevenueAmt
PY Investment Income$212,985PYInvestmentIncomeAmt
CY Investment Income$58,880CYInvestmentIncomeAmt
PY Other Revenue$78,895PYOtherRevenueAmt
CY Other Revenue$19,258CYOtherRevenueAmt
PY Total Revenue$3,487,010PYTotalRevenueAmt
CY Total Revenue$2,047,004CYTotalRevenueAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$808,343PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$787,083CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$83,411CYTotalFundraisingExpenseAmt
PY Other Expenses$633,364PYOtherExpensesAmt
CY Other Expenses$689,628CYOtherExpensesAmt
PY Total Expenses$1,441,707PYTotalExpensesAmt
CY Total Expenses$1,476,711CYTotalExpensesAmt
PY Revenues Less Expenses$2,045,303PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$570,293CYRevenuesLessExpensesAmt
Total Assets BOY$12,296,233TotalAssetsBOYAmt
Total Assets EOY$13,479,578TotalAssetsEOYAmt
Total Liabilities BOY$222,012TotalLiabilitiesBOYAmt
Total Liabilities EOY$213,358TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$12,074,221NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$13,266,220NetAssetsOrFundBalancesEOYAmt
MissionFOUNDING IN 1748, THE CHARLESTON LIBRARY SOCIETY (THE SOCIETY) IS THE SOUTH'S OLDEST CULTURAL INSTITUTION AND THE SECOND OLDEST CIRCULATING LIBRARY IN THE UNITED STATES.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$1,084,811ExpenseAmt
Grant$0GrantAmt
Revenue$739,759RevenueAmt
DescTHE LIBRARY COLLECTS, PRESERVES AND MAKES AVAILABLE CULTURAL MATERIALS FOR THE USE OF ITS MEMBERS AND RESEARCHERS AROUND THE WORLD. IN ADDITION, IT IS A CIRCULATING LIBRARY AND A REPOSITORY OF RARE BOOKS PERIODICALS, MANUSCRIPTS, CLIPPINGS, MAPS, DIRECTORIES, ALMANACS AND VISUAL MATERIALS.Desc
Total Program Service Expenses$1,084,811TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredYes (true)ScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtYes (true)CollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Donor Rstr Or Quasi EndowmentsYes (true)DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (true)ReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesYes (true)ReportOtherLiabilitiesInd
Include FIN48 FootnotefalseIncludeFIN48FootnoteInd
Independent Audit Fincl StmtfalseIndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsfalseGrantsToIndividualsInd
Schedule J RequiredfalseScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntfalseBusinessRlnWith35CtrlEntInd
Deductible Non Cash ContriYes (true)DeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityfalseRelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
Info In Schedule O Part VYes (X)InfoInScheduleOPartVInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee16EmployeeCnt
Employment Tax Returns FiledYes (true)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Quid Pro Quo ContributionsYes (true)QuidProQuoContributionsInd
Quid Pro Quo Contri DisclYes (true)QuidProQuoContriDisclInd
Form8282 Property Disposed OffalseForm8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members20GoverningBodyVotingMembersCnt
Independent Voting Member20IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersYes (true)MembersOrStockholdersInd
Election Of Board MembersYes (true)ElectionOfBoardMembersInd
Decisions Subject To ApprovaYes (true)DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (true)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (true)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (true)WhistleblowerPolicyInd
Document Retention PolicyYes (true)DocumentRetentionPolicyInd
Compensation Process CEOYes (true)CompensationProcessCEOInd
Compensation Process OtherYes (true)CompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
States Where Copy Of Return Is FldSCStatesWhereCopyOfReturnIsFldCd
Own WebsiteYes (X)OwnWebsiteInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonANNE CLEVELANDPersonNm
Phone8437239912PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1164 KING STREETAddressLine1Txt
CityCHARLESTONCityNm
State AbbreviationSCStateAbbreviationCd
ZIP29407ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (22 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerIndKey EmployeeKeyEmployeeIndHighest Compensated EmployeeHighestCompensatedEmployeeInd
ANN AUBURN
DIRECTOR4.00Yes (X)$0$0$0
JAMES BRADSHAW
DIRECTOR4.00Yes (X)$0$0$0
SUSAN DICAMILLO
DIRECTOR4.00Yes (X)$0$0$0Yes (X)
DIANA HAMBLETON
DIRECTOR4.00Yes (X)$0$0$0Yes (X)
ANNE KEIGHER
DIRECTOR4.00Yes (X)$0$0$0
JACK MCSPADDEN JR
TREASURER4.00Yes (X)$0$0$0
WILLIAM COGSWELL
DIRECTOR4.00Yes (X)$0$0$0
MICHAEL REYNOLDS
PRESIDENT4.00Yes (X)$0$0$0
JOHN HILL
DIRECTOR4.00Yes (X)$0$0$0
LEWIS KUNKEL
DIRECTOR4.00Yes (X)$0$0$0
JERROLD MITCHELL
PRESIDENT4.00Yes (X)$0$0$0
JANINE LUKE
DIRECTOR4.00Yes (X)$0$0$0
ED SELLERS
DIRECTOR4.00Yes (X)$0$0$0
ELISA B VON MARSCHALL
DIRECTOR4.00Yes (X)$0$0$0
JANE TYLER
DIRECTOR4.00Yes (X)$0$0$0
DAVID COHEN
DIRECTOR6.00Yes (X)$0$0$0
J RUTLEDGE YOUNG JR
DIRECTOR4.00Yes (X)$0$0$0
ANDREW TEW
DIRECTOR4.00Yes (X)$0$0$0
CAROL SANFORD
SECRETARY6.00Yes (X)$0$0$0
RICHARD ALMEIDA
VICE PRESIDENT6.00Yes (X)$0$0$0Yes (X)
ANNE CLEVELAND
EXECUTIVE DIRECTOR45.00$140,000$0$0Yes (X)Yes (X)
DOERTE MCMANUS
DIRECTOR OF DEVELOPMENT45.00$119,832$0$0Yes (X)Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$259,832TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K2IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (2 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
Palmetto Craftsmen Inc
PO Box 1101CharlestonSC29402CONSTRUCTION$936,034
Total Comfort Solutions
346 Orchard DrW ColumbiaSC29170CONSTRUCTION$151,227
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K2CntrctRcvdGreaterThan100KCnt
Membership Dues$440,444MembershipDuesAmt
All Other Contributions$1,395,414AllOtherContributionsAmt
Total Contributions$1,835,858TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescALL PROGRAMS & EVENTSDesc
Business611600BusinessCd
Total Revenue Column$133,008TotalRevenueColumnAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$133,008TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$58,880TotalRevenueColumnAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$19,258RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$19,258RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$19,258TotalRevenueColumnAmt
Related Or Exempt Func Income$19,258RelatedOrExemptFuncIncomeAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,047,004TotalRevenueColumnAmt
Related Or Exempt Func Income$211,146RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$140,300TotalAmt
Program Services$98,210ProgramServicesAmt
Management And General$28,060ManagementAndGeneralAmt
Fundraising$14,030FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$498,943TotalAmt
Program Services$349,260ProgramServicesAmt
Management And General$99,789ManagementAndGeneralAmt
Fundraising$49,894FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$32,643TotalAmt
Program Services$22,850ProgramServicesAmt
Management And General$6,529ManagementAndGeneralAmt
Fundraising$3,264FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$66,437TotalAmt
Program Services$46,506ProgramServicesAmt
Management And General$13,287ManagementAndGeneralAmt
Fundraising$6,644FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$48,760TotalAmt
Program Services$34,132ProgramServicesAmt
Management And General$9,752ManagementAndGeneralAmt
Fundraising$4,876FundraisingAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$12,460TotalAmt
Program Services$0ProgramServicesAmt
Management And General$12,460ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$2,751TotalAmt
Program Services$2,201ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$550FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$18,704TotalAmt
Program Services$18,704ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$62,437TotalAmt
Program Services$49,950ProgramServicesAmt
Management And General$12,487ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$312TotalAmt
Program Services$250ProgramServicesAmt
Management And General$62ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$199,314TotalAmt
Program Services$159,451ProgramServicesAmt
Management And General$39,863ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$59,997TotalAmt
Program Services$47,998ProgramServicesAmt
Management And General$11,999ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
MAINTENANCE$163,506$130,805$32,701$0
ADULT PROGRAMING$31,697$31,697$0$0
RESTORATION$16,350$0$16,350$0
BANK CHARGES$5,305$4,244$1,061$0

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$116,795TotalAmt
Program Services$88,553ProgramServicesAmt
Management And General$24,089ManagementAndGeneralAmt
Fundraising$4,153FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$1,476,711TotalAmt
Program Services$1,084,811ProgramServicesAmt
Management And General$308,489ManagementAndGeneralAmt
Fundraising$83,411FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$1,374,452BOYAmt
EOY$1,347,053EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
EOY$4,872EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$6,951,005LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$1,417,779LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$4,711,601BOYAmt
EOY$5,533,226EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$6,210,180BOYAmt
EOY$6,594,427EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$12,296,233BOYAmt
EOY$13,479,578EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$156,705BOYAmt
EOY$16,702EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$12,283BOYAmt
EOY$0EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$49,824BOYAmt
EOY$193,456EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$3,200BOYAmt
EOY$3,200EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$222,012BOYAmt
EOY$213,358EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$9,567,942BOYAmt
EOY$10,717,351EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$2,506,279BOYAmt
EOY$2,548,869EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$12,074,221BOYAmt
EOY$13,266,220EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$12,296,233BOYAmt
EOY$13,479,578EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$570,293ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$621,706NetUnrlzdGainsLossesInvstAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewYes (true)AccountantCompileOrReviewInd

Acct Compile Or Review Basis AcctCompileOrReviewBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
FS AuditedfalseFSAuditedInd
Audit CommitteeYes (true)AuditCommitteeInd
Federal Grant Audit RequiredfalseFederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind
Other Support Sum$0OtherSupportSumAmt

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$744,255CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,257,364CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$2,578,075CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$3,032,454CurrentTaxYearMinus1YearAmt
Current Tax Year$1,835,858CurrentTaxYearAmt
Total$9,448,006TotalAmt

Tax Rev Levied Orgnztnl Bnft170 TaxRevLeviedOrgnztnlBnft170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$744,255CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,257,364CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$2,578,075CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$3,032,454CurrentTaxYearMinus1YearAmt
Current Tax Year$1,835,858CurrentTaxYearAmt
Total$9,448,006TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$0SubstantialContributorsTotAmt
Public Support Total170$9,448,006PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$167,924CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$609,971CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years-$401,202CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$319,481CurrentTaxYearMinus1YearAmt
Current Tax Year$58,880CurrentTaxYearAmt
Total$755,054TotalAmt

Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt
FieldValueIRS element (for citing)
Total Support$10,203,060TotalSupportAmt
Public Support CY1700.92600PublicSupportCY170Pct
Public Support PY1700.87640PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind
Public Support Total509$0PublicSupportTotal509Amt
Public Support CY5090PublicSupportCY509Pct
Investment Income CY0InvestmentIncomeCYPct

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Collection Used Pub ExhibitionYes (X)CollectionUsedPubExhibitionInd
Coll Used Scholarly RsrchYes (X)CollUsedScholarlyRsrchInd
Collection Used PreservationYes (X)CollectionUsedPreservationInd
Coll Used Loan Or Exch ProgYes (X)CollUsedLoanOrExchProgInd
Solicited Assets SalefalseSolicitedAssetsSaleInd

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$1,670,519BeginningYearBalanceAmt
Investment Earnings Or Losses$180,881InvestmentEarningsOrLossesAmt
Other Expenditures$77,518OtherExpendituresAmt
End Year Balance$1,773,882EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$1,525,622BeginningYearBalanceAmt
Investment Earnings Or Losses$312,191InvestmentEarningsOrLossesAmt
Other Expenditures$167,294OtherExpendituresAmt
End Year Balance$1,670,519EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$1,491,700BeginningYearBalanceAmt
Investment Earnings Or Losses$94,619InvestmentEarningsOrLossesAmt
Other Expenditures$60,697OtherExpendituresAmt
End Year Balance$1,525,622EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$1,410,806BeginningYearBalanceAmt
Investment Earnings Or Losses$141,621InvestmentEarningsOrLossesAmt
Other Expenditures$60,727OtherExpendituresAmt
End Year Balance$1,491,700EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$1,453,592BeginningYearBalanceAmt
Investment Earnings Or Losses$14,774InvestmentEarningsOrLossesAmt
Other Expenditures$57,560OtherExpendituresAmt
End Year Balance$1,410,806EndYearBalanceAmt
FieldValueIRS element (for citing)
Endowments Held Unrelated OrgfalseEndowmentsHeldUnrelatedOrgInd
Endowments Held Related OrgfalseEndowmentsHeldRelatedOrgInd

Land LandGrp

FieldValueIRS element (for citing)
Investment Cost Or Other Basis$264,000InvestmentCostOrOtherBasisAmt
Book Value$264,000BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Investment Cost Or Other Basis$6,063,033InvestmentCostOrOtherBasisAmt
Depreciation$1,094,645DepreciationAmt
Book Value$4,968,388BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Investment Cost Or Other Basis$623,972InvestmentCostOrOtherBasisAmt
Depreciation$323,134DepreciationAmt
Book Value$300,838BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Investment Cost Or Other Basis$0InvestmentCostOrOtherBasisAmt
Book Value$0BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$5,533,226TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescSecurity Lease DepositDesc
Amt$3,200Amt
FieldValueIRS element (for citing)
Total Liability$3,200TotalLiabilityAmt

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Pt III, Line 4THE SOCIETY FOLLOWS THE FINANCIAL ACCOUNTING STANDARDS BOARD FASB ASC 958-310-50, COLLECTION ITEMS ACQUIRED EITHER THROUGH PURCHASE OR DONATIONS ARE NOT CAPITALIZED. PURCHASES OF COLLECTION ITEMS ARE RECORDED AS DECREASES IN UNRESTRICTED NET ASSETS IF PURCHASED WITH UNRESTRICTED FUNDS AND AS DECREASES IN TEMPORARILY RESTRICTED NET ASSETS IF PURCHASED WITH DONOR-RESTRICTED FUNDS. CONTRIBUTIONS OF COLLECTION ITEMS ARE NOT RECORDED IN THE STATEMENTS OF ACTIVITIES. THERE WERE NO PURCHASES OR DONATIONS OF MUSEUM COLLECTION ITEMS FOR EITHER OF THE YEARS ENDED DECEMBER 31, 2016 AND 2015. THE COLLECTION CONTAINS HISTORICALLY SIGNIFICANT ORIGINAL LETTERS AND LEGAL DOCUMENTS THAT ARE CONSIDERED PRICELESS AND ARE MAINTAINED IN A VAULT AND BOUND IN A LIGHT PROTECTED ENVIRONMENT.
Pt V, Line 4The Society's investment policy intends for the Society to invest in assets that would produce results exceeding the investment's purchase price and incur a significant yield of return, while assuming a moderate level of investment risk. The Society expects its Investment Fund, over time, to provide a reasonable rate of return. To satisfy the long-term rate-of-return objective, the Society relies on a total return strategy in which investment returns are achieved through both capital appreciation (realized and unrealized) and current yield (interest and dividends). The Society targets a diversified asset allocation that places a greater emphasis on marketable equity and debt securities and money-market accounts to achieve its long-term return objectives within prudent risk constraints.

Schedule M IRS990ScheduleM

Securities Publicly Traded SecuritiesPubliclyTradedGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution16ContributionCnt
Noncash Contributions Rpt F990$170,939NoncashContributionsRptF990Amt
FieldValueIRS element (for citing)
Any Property That Must Be HeldfalseAnyPropertyThatMustBeHeldInd
Review Process Unusual NC GiftsYes (true)ReviewProcessUnusualNCGiftsInd
Third Parties UsedYes (true)ThirdPartiesUsedInd

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Pt I col(b)Publicly traded security donations.
Pt I Line 32bInvestment Company receives and sells non-cash securities

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (11 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
OtherFORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: INSTITUATION AND THE SECOND OLDEST LIBRARY IN THE UNITED STATES. FOR MORE THAN 270 YEARS, IT HAS COLLECTED, PRESERVED AND MADE AVAILABLE CULTURAL MATERIALS FOR THE USE OF ITS MEMBERS AND RESEARCHERS AROUND THE WORLD. TODAY, IT IS A CIRCULATING LIBRARY AND A REPOSITORY OF RARE BOOKS PERIODICALS, MANUSCRIPTS, CLIPPINGS, MAPS, DIRECTORIES, ALMANACS AND VISUAL MATERIALS.
OtherFORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: MEMBERS AND RESEARCHERS AROUND THE WORLD. TODAY, IT IS A CIRCULATING LIBRARY AND A REPOSITORY OF RARE BOOKS PERIODICALS, MANUSCRIPTS, CLIPPINGS, MAPS, DIRECTORIES, ALMANACS AND VISUAL MATERIALS.
Pt V, Line 13aLIST OF STATES WITH QUALIFIED HEALTH PLANS: SC
Pt VI, Line 6THE CHARLESTON LIBRARY SOCIETY IS A MEMBERSHIP ORGANIZATION AND A MEMBERSHIP MEETING IS HELD ANNUALLY.
Pt VI, Line 7aA SLATE OF OFFICERS ARE ELECTED AT THE ANNUAL MEMBERSHIP MEETING.
Pt VI, Line 11bTHE EXECUTIVE DIRECTOR,THE DIRECTOR OF DEVELOPMENT AND THE TREASURER REVIEW THE TAX RETURN PRELIMINARILY. THE TAX RETURN IS THEN PRESENTED TO THE FINANCE COMMITTEE.
Pt VI, Line 12cTHE BOARD OF DIRECTORS REVIEWS THE CONFLICT OF INTEREST POLICY WITH MEMBERS ANNUALLY.
Pt VI, Line 15aTHE BOARD OF DIRECTORS APPOINTS A BENEFITS COMMITTEE THAT DOES A SALARY COMPARISON TO OTHER NON-PROFITS IN THE LOCAL AREA.
Pt VI, Line 19INFORMATION IS PROVIDED THROUGH GUIDESTAR AND THE ON-LINE WEBSITE. REQUEST FOR ADDITIONAL INFORMATION MAY BE SUBMITTED TO THE EXECUTIVE DIRECTOR.
Pt VI, Line 15bTHE BOARD OF DIRECTORS APPOINTS A BENEFITS COMMITTEE THAT DOES A SALARY COMPARISON TO OTHER NON-PROFITS IN THE LOCAL AREA.
Pt VI, Line 7bUSE OF ENDOWMENT FUNDS

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.