MEMPHIS LIBRARY FOUNDATION: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- MEMPHIS LIBRARY FOUNDATION (EIN 62-1590768)
- Tax period
- 2023-07-01 to 2024-06-30
- Filed
- 2025-02-19
- IRS object ID
- 202510509349300831
- Schema version
- 2023v6.0
- 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 | 2025-02-19T11:28:28-06:00 | ReturnTs |
| Tax Period End | 2024-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 621114363 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | HENDERSON HUTCHERSON & MCCULLOUGH PLLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1755 KIRBY PARKWAY SUITE 200 | AddressLine1Txt |
| City | MEMPHIS | CityNm |
| State Abbreviation | TN | StateAbbreviationCd |
| ZIP | 38120 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-07-01 | 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 | 2025-01-24 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (1) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | RICHARD A SWOPE | PreparerPersonNm |
| PTIN | P00590766 | PTIN |
| Phone | 9016834234 | PhoneNum |
| Preparation | 2025-01-24 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | 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 | $4,200,272 | 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 | MEMPHIS LIBRARY FOUNDATION TRANSFORMS MEMPHIS THROUGH KNOWLEDGE AND EXPERIENCE BY RAISING AWARENESS AND FUNDS FOR THE MEMPHIS PUBLIC LIBRARIES. | ActivityOrMissionDesc |
| Voting Members Governing Body | 17 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 17 | VotingMembersIndependentCnt |
| Total Employee | 3 | TotalEmployeeCnt |
| Total Volunteers | 29 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $452,289 | PYContributionsGrantsAmt |
| CY Contributions Grants | $373,195 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $23,803 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $19,221 | CYProgramServiceRevenueAmt |
| PY Investment Income | $482,942 | PYInvestmentIncomeAmt |
| CY Investment Income | $707,820 | CYInvestmentIncomeAmt |
| PY Other Revenue | $14,276 | PYOtherRevenueAmt |
| CY Other Revenue | $25,906 | CYOtherRevenueAmt |
| PY Total Revenue | $973,310 | PYTotalRevenueAmt |
| CY Total Revenue | $1,126,142 | 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 | $256,354 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $279,805 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $174,265 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $931,395 | PYOtherExpensesAmt |
| CY Other Expenses | $977,022 | CYOtherExpensesAmt |
| PY Total Expenses | $1,187,749 | PYTotalExpensesAmt |
| CY Total Expenses | $1,256,827 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$214,439 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$130,685 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $12,213,632 | TotalAssetsBOYAmt |
| Total Assets EOY | $12,423,337 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $77,583 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $23,244 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $12,136,049 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $12,400,093 | NetAssetsOrFundBalancesEOYAmt |
| Mission | MEMPHIS LIBRARY FOUNDATION TRANSFORMS MEMPHIS THROUGH KNOWLEDGE AND EXPERIENCES BY RAISING AWARENESS AND FUNDS FOR THE MEMPHIS PUBLIC LIBRARIES. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $35,541 | ExpenseAmt |
| Revenue | $0 | RevenueAmt |
| 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 | $841,989 | ExpenseAmt |
| Revenue | $234,283 | 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 | $877,530 | 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 | 0 | 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 | Yes (1) | 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 | 35 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| 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 |
| 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 | 17 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 17 | 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 | CHRISTINE WEINREICH | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| 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 |
Form990 Part VII Section A Form990PartVIISectionAGrp (18 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd |
|---|---|---|---|---|---|---|
| CHRISTINE WEINREICH | ||||||
| EXECUTIVE DIRECTOR | 40.00 | Yes (X) | $117,389 | $0 | $0 | |
| LAWSON ARNEY | ||||||
| CHAIRMAN | 4.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| GERRE CURRIE | ||||||
| VICE-CHAIR/TREASURER | 2.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| JONATHAN LINDSEY | ||||||
| SECRETARY | 2.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| CHRISTINE MUNSON | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| HEATHER GROSVENOR | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| SEAN NORRIS | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| JACK A BELZ | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| REV LEONARD PERKINS | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| ALEJANDRO PAREDES | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| JODY SHUTZBERG | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| HERMAN MORRIS | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| JULIETTE PAUL | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| JENNIFER CAMPBELL | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| MARIA FUHRMANN | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| JOHN A LEWIS | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| TORIA BROWN | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| CALVETTA MATHIS | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $117,389 | 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 | $210,845 | GovernmentGrantsAmt |
| All Other Contributions | $162,350 | AllOtherContributionsAmt |
| Noncash Contributions | $18,478 | NoncashContributionsAmt |
| Total Contributions | $373,195 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | SERVICE FEES | Desc |
| Business | 561000 | BusinessCd |
| Total Revenue Column | $19,221 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $19,221 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $19,221 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $492,758 | TotalRevenueColumnAmt |
| Exclusion | $492,758 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $3,264,608 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $3,049,546 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $215,062 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $215,062 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $215,062 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $50,490 | FundraisingGrossIncomeAmt |
| Fundraising Direct Expenses | $24,584 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $25,906 | TotalRevenueColumnAmt |
| Exclusion | $25,906 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,126,142 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $234,283 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $518,664 | 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 | $117,389 | TotalAmt |
| Program Services | $38,738 | ProgramServicesAmt |
| Management And General | $21,130 | ManagementAndGeneralAmt |
| Fundraising | $57,521 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $110,378 | TotalAmt |
| Program Services | $36,212 | ProgramServicesAmt |
| Management And General | $19,280 | ManagementAndGeneralAmt |
| Fundraising | $54,886 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $33,712 | TotalAmt |
| Program Services | $11,149 | ProgramServicesAmt |
| Management And General | $5,971 | ManagementAndGeneralAmt |
| Fundraising | $16,592 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $18,326 | TotalAmt |
| Program Services | $6,106 | ProgramServicesAmt |
| Management And General | $3,267 | ManagementAndGeneralAmt |
| Fundraising | $8,953 | FundraisingAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $65,800 | TotalAmt |
| Program Services | $65,800 | ProgramServicesAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,348 | TotalAmt |
| Program Services | $854 | ProgramServicesAmt |
| Management And General | $2,640 | ManagementAndGeneralAmt |
| Fundraising | $854 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $15,999 | TotalAmt |
| Program Services | $554 | ProgramServicesAmt |
| Management And General | $8,422 | ManagementAndGeneralAmt |
| Fundraising | $7,023 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $150,545 | TotalAmt |
| Program Services | $145,808 | ProgramServicesAmt |
| Management And General | $4,737 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $14,747 | TotalAmt |
| Program Services | $11,343 | ProgramServicesAmt |
| Management And General | $3,404 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,948 | TotalAmt |
| Management And General | $2,948 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| PROFESSIONAL FEES | $223,562 | $131,035 | $92,527 |
| FURNITURE AND EQUIPMENT | $160,995 | $160,995 | |
| CLASSES AND PRESENTATIO | $95,981 | $95,981 | |
| SOFTWARE | $60,884 | $47,068 | $13,816 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $181,213 | TotalAmt |
| Program Services | $125,887 | ProgramServicesAmt |
| Management And General | $26,890 | ManagementAndGeneralAmt |
| Fundraising | $28,436 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,256,827 | TotalAmt |
| Program Services | $877,530 | ProgramServicesAmt |
| Management And General | $205,032 | ManagementAndGeneralAmt |
| Fundraising | $174,265 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $140,060 | BOYAmt |
| EOY | $140,818 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,446,457 | BOYAmt |
| EOY | $2,667,613 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $43,003 | BOYAmt |
| EOY | $147,848 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $23,506 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,056 | BOYAmt |
| EOY | $417 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,506,991 | BOYAmt |
| EOY | $9,358,211 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $76,065 | BOYAmt |
| EOY | $84,924 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,213,632 | BOYAmt |
| EOY | $12,423,337 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $77,583 | BOYAmt |
| EOY | $23,244 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $77,583 | BOYAmt |
| EOY | $23,244 | 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 | $2,805,538 | BOYAmt |
| EOY | $2,276,610 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,330,511 | BOYAmt |
| EOY | $10,123,483 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,136,049 | BOYAmt |
| EOY | $12,400,093 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,213,632 | BOYAmt |
| EOY | $12,423,337 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | -$130,685 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $328,929 | NetUnrlzdGainsLossesInvstAmt |
| Investment Expense | $65,800 | InvestmentExpenseAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| 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 | $438,129 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $645,936 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $555,062 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $452,289 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $373,195 | CurrentTaxYearAmt |
| Total | $2,464,611 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $438,129 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $645,936 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $555,062 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $452,289 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $373,195 | CurrentTaxYearAmt |
| Total | $2,464,611 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total170 | $2,464,611 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $480,142 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $642,424 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $391,350 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $482,942 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $707,820 | CurrentTaxYearAmt |
| Total | $2,704,678 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $5,169,289 | TotalSupportAmt |
| Public Support CY170 | 0.47680 | PublicSupportCY170Pct |
| Public Support PY170 | 0.45810 | 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 | $7,964,510 | BeginningYearBalanceAmt |
| Contributions | $26,754 | ContributionsAmt |
| Investment Earnings Or Losses | $832,315 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $1,176,437 | OtherExpendituresAmt |
| End Year Balance | $7,647,142 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $7,438,053 | BeginningYearBalanceAmt |
| Contributions | $5,500 | ContributionsAmt |
| Investment Earnings Or Losses | $731,752 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $210,795 | OtherExpendituresAmt |
| End Year Balance | $7,964,510 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $8,817,742 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | -$1,269,359 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $110,330 | OtherExpendituresAmt |
| End Year Balance | $7,438,053 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| 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 Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| 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 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.35230 | BoardDesignatedBalanceEOYPct |
| Term Endowment Balance EOY | 0.64770 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | Yes (1) | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
| Total Book Value Land Buildings | $0 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (2 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| EQUITY MUTUAL FUNDS | $5,069,217 | F |
| FIXED INCOME MUTUAL FUNDS | $4,288,994 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $9,358,211 | TotalBookValueSecuritiesAmt |
| Total Rev Etc Audited Fincl Stmt | $1,461,835 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $394,729 | NetUnrealizedGainsInvstAmt |
| Donated Services And Use Fclts | $6,764 | DonatedServicesAndUseFcltsAmt |
| Revenue Not Reported | $401,493 | RevenueNotReportedAmt |
| Revenue Subtotal | $1,060,342 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $65,800 | InvestmentExpensesNotIncldAmt |
| Revenue Not Reported Fincl Stmt | $65,800 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $1,126,142 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $1,197,791 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $6,764 | DonatedServicesUseFcltsAmt |
| Expenses Not Reported | $6,764 | ExpensesNotReportedAmt |
| Expenses Subtotal | $1,191,027 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $65,800 | InvestmentExpensesNotIncld2Amt |
| Expenses Not Rpt Fincl Stmt | $65,800 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $1,256,827 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART V, LINE 4: | ENDOWMENT FUNDS WILL BE SPENT TOWARDS MEMPHIS PUBLIC LIBRARY COLLECTIONS AND ENHANCEMENTS AND PROGRAMS ACCORDING TO DONOR RESTRICTIONS AND ENDOWMENT POLICY LIMITS. |
| PART X, LINE 2: | BASED ON THE EVALUATION OF THE FOUNDATION'S TAX POSITIONS, MANAGEMENT BELIEVES ALL POSITIONS TAKEN WOULD MORE LIKELY THAN NOT BE UPHELD UNDER EXAMINATION. THEREFORE, NO PROVISION FOR THE EFFECTS OF UNCERTAIN TAX POSITIONS HAS BEEN RECORDED FOR THE YEARS ENDED JUNE 30, 2024 AND 2023. |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | COCKTAILS & CONVERSATION | Event1Nm |
| Gross Receipts Event1 | $14,330 | GrossReceiptsEvent1Amt |
| Gross Revenue Event1 | $14,330 | GrossRevenueEvent1Amt |
| Other Direct Expenses Event1 | $6,710 | OtherDirectExpensesEvent1Amt |
| Event2 | LIBRARY LOVE IS PERMANENT | Event2Nm |
| Gross Receipts Event2 | $5,904 | GrossReceiptsEvent2Amt |
| Gross Revenue Event2 | $5,904 | GrossRevenueEvent2Amt |
| Other Direct Expenses Event2 | $2,570 | OtherDirectExpensesEvent2Amt |
| Other Events Total | 11 | OtherEventsTotalCnt |
| Gross Receipts Other Events | $30,256 | GrossReceiptsOtherEventsAmt |
| Gross Revenue Other Events | $30,256 | GrossRevenueOtherEventsAmt |
| Oth Direct Expnss Other Events | $15,305 | OthDirectExpnssOtherEventsAmt |
| Gross Receipts Total | $50,490 | GrossReceiptsTotalAmt |
| Gross Revenue Total Events | $50,490 | GrossRevenueTotalEventsAmt |
| Oth Direct Expnss Total Events | $24,585 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $24,585 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | $25,905 | NetIncomeSummaryAmt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (5 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 | MEALS, CATERING, AND SNACKS: PROGRAM SERVICE EXPENSES 32,767. MANAGEMENT AND GENERAL EXPENSES 5,646. FUNDRAISING EXPENSES 106. TOTAL EXPENSES 38,519. COLLECTIONS: PROGRAM SERVICE EXPENSES 35,541. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 35,541. SPECIAL EVENTS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 28,300. TOTAL EXPENSES 28,300. INCENTIVES: PROGRAM SERVICE EXPENSES 23,902. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 23,902. PERFORMER: PROGRAM SERVICE EXPENSES 17,141. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 17,141. STAFF DEVELOPMENT: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 9,318. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 9,318. RENTAL: PROGRAM SERVICE EXPENSES 3,930. MANAGEMENT AND GENERAL EXPENSES 5,094. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 9,024. LICENSES, DUES, AND SUBSCRIPTIONS: PROGRAM SERVICE EXPENSES 3,115. MANAGEMENT AND GENERAL EXPENSES 3,954. FUNDRAISING EXPENSES 30. TOTAL EXPENSES 7,099. MISCELLANEOUS: PROGRAM SERVICE EXPENSES 3,948. MANAGEMENT AND GENERAL EXPENSES 480. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,428. TRAINING: PROGRAM SERVICE EXPENSES 2,993. MANAGEMENT AND GENERAL EXPENSES 70. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,063. HONORARIUMS: PROGRAM SERVICE EXPENSES 2,550. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,550. POSTAGE AND SHIPPING: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 2,328. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,328. |
| FORM 990, PART XII, LINE 2C: | NO CHANGES FROM PRIOR YEAR |
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