2019-05-14T06:19:53-07:00 2018-12-31 STREETMAN JONES & POWERS LLC 171 CHURCH STREET STE 240 CHARLESTON SC 29401 990 2018-01-01 570314372 CHARLESTON LIBRARY SOCIETY CHAR 8437239912 164 KING STREET CHARLESTON SC 29401 JAMES TREYZ TREASURER 8437239912 2019-02-23 true BRIAN R POWERS CPA CVA P00540391 8437233133 2019-05-14 X 50.247.38.17 2019-05-14 06:19:47 PD P DEC8A2A933475495C46034D63BF4867680221573 12F2F2174D8544DBE5AD4C0C9927D5968757DA77 2018 2019-02-21 02:37:17Z ANNE CLEVELAND 164 KING STREET CHARLESTON SC 29401 7109500 false X CHARLESTONLIBRARYSOCIETY.ORG X 1987 SC FOUNDING 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. 21 21 20 0 0 0 1257364 2678229 241258 220549 238894 314915 58855 59516 1796371 3273209 0 0 657018 841010 15000 0 111007 610613 607403 1282631 1448413 513740 1824796 9059260 9912702 967389 712152 8091871 9200550 FOUNDING 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. false false 1030103 0 1498622 THE 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. 1030103 true true false true false false false true false true true false false false true false false false false false false false false false false false false false false true false false false false false false false false true false false false false false false false false true X 0 0 20 true false false false false false true true false false false false X 21 21 false false false false true true true true true false false true true true true true true true true false SC X X ANNE CLEVELAND 8437239912 164 KING STREET CHARLESTON SC 29407 DIANNE AVLON DIRECTOR 4.00 X 0 0 0 DWIGHT WILLIAMS DIRECTOR 4.00 X 0 0 0 SUSAN T FRIBERG DIRECTOR 4.00 X 0 0 0 JAMES TREYZ DIRECTOR 4.00 X 0 0 0 ARNOLD MARCUS DIRECTOR 4.00 X 0 0 0 PATRICIA WILLIAMS LESSANE DIRECTOR 4.00 X 0 0 0 WILLIAM COGSWELL DIRECTOR 4.00 X 0 0 0 WALTER FIEDEROWICZ DIRECTOR 4.00 X 0 0 0 VIRGINIA BUSH PRESIDENT & DIRECTOR 8.00 X X 0 0 0 DANIEL RAVENEL DIRECTOR 4.00 X 0 0 0 CEARA DONNELLEY DIRECTOR 4.00 X 0 0 0 JANINE LUKE DIRECTOR 4.00 X 0 0 0 DR LAYTON MCCURDY DIRECTOR 4.00 X 0 0 0 THOMAS WARING DIRECTOR 4.00 X 0 0 0 JANE TYLER DIRECTOR 4.00 X 0 0 0 DAVID COHEN DIRECTOR 6.00 X 0 0 0 J RUTLEDGE YOUNG JR DIRECTOR 4.00 X 0 0 0 ANNE HANAHAN BLESSING SECRETARY & DIRECTOR 6.00 X X 0 0 0 CATHERINE M SMITH VICE-PRESIDENT & DIRECTOR 6.00 X X 0 0 0 RICHARD ALMEIDA TREASURER & DIRECTOR 6.00 X X 0 0 0 ANNE CLEVELAND EXECUTIVE DIRECTOR 45.00 X X 0 150147 0 CAROL SANFORD DIRECTOR 4.00 X 0 0 0 0 150147 0 false true false Palmetto Craftsmen Inc PO Box 1101 Charleston SC 29402 CONSTRUCTION 612875 1 345047 2333182 338435 2678229 ALL PROGRAMS & EVENTS 611600 220549 0 0 220549 273696 0 0 59516 59516 59516 59516 3877510 3836291 41219 41219 41219 0 0 3273209 594980 0 0 150147 105103 30029 15015 553251 387276 110650 55325 31894 22326 6379 3189 52451 36716 10490 5245 53267 37287 10653 5327 15435 0 15435 0 18104 0 0 18104 6163 4930 0 1233 12333 12333 0 0 55022 44018 11004 0 22 22 0 0 121283 97026 24257 0 61875 49500 12375 0 MAINTENANCE 64153 51322 12831 0 ADULT PROGRAMING 70079 70079 0 0 RESTORATION 42054 0 42054 0 BANK CHARGES 5592 4474 1118 0 135288 107691 20028 7569 1448413 1030103 307303 111007 717360 1571018 12523 3754040 1083894 2155119 2670146 6174258 5671538 9059260 9912702 316603 115621 96892 42637 550694 550694 3200 3200 967389 712152 X 6109406 6238956 1966465 2945594 16000 16000 8091871 9200550 9059260 9912702 1824796 -716117 X true X false true false X 0 578437 586879 744255 1257364 2578075 5745010 578437 586879 744255 1257364 2578075 5745010 5745010 311578 -261194 167924 218308 5963318 0.96340 0.86110 X 0 0 0 false false false false false false false false true 18104 18104 false Pt II-B Line 1 TAXPAYER PAID A THIRD PARTY CONSULTANT X X X X false 1491700 -104573 60697 1326430 1410806 141621 60727 1491700 1453592 14774 57560 1410806 1613126 -69225 90309 1453592 1615249 57195 59318 1613126 false false 264000 264000 2300712 2300712 320085 320085 869243 869243 3754040 Security Lease Deposit 3200 3200 Pt III, Line 4 THE 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 4 The 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. X false false false false false false false false false ANNE CLEVELAND 140000 0 10000 0 147 0 4500 0 0 0 154647 0 0 0 X 12 338435 FMV PUBLICLY TRADED SECURITIES false false true Pt I col(b) 14 publicly traded security donations. Pt I Line 32b Investment Company receives and sells non-cash securities Other FORM 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. Other FORM 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 13a LIST OF STATES WITH QUALIFIED HEALTH PLANS: SC Pt VI, Line 2 THE EXECUTIVE DIRECTOR'S DAUGHTER IS AN EMPLOYEE. Pt VI, Line 6 THE CHARLESTON LIBRARY SOCIETY IS A MEMBERSHIP ORGANIZATION AND A MEMBERSHIP MEETING IS HELD ANNUALLY. Pt VI, Line 7a A SLATE OF OFFICERS ARE ELECTED AT THE ANNUAL MEMBERSHIP MEETING. Pt VI, Line 11b THE EXECUTIVE DIRECTOR REVIEWS THE TAX RETURN PRELIMINARILY AND THEN HAS THE FINANCE COMMITTEE REVIEW THE RETURN. THE RETURN IS DISTRIBUTED TO THE FULL BOARD BEFORE FILING. Pt VI, Line 12c THE BOARD OF DIRECTORS REVIEWS THE CONFLICT OF INTEREST POLICY WITH MEMBERS ANNUALLY. Pt VI, Line 15a THE BOARD OF DIRECTORS APPOINTS A BENEFITS COMMITTEE THAT DOES A SALARY COMPARISON TO OTHER NON-PROFITS IN THE LOCAL AREA. Pt VI, Line 19 INFORMATION IS PROVIDED THROUGH GUIDESTAR AND THE ON-LINE WEBSITE. REQUEST FOR ADDITIONAL INFORMATION MAY BE SUBMITTED TO THE EXECUTIVE DIRECTOR. Pt VI, Line 15b THE BOARD OF DIRECTORS APPOINTS A BENEFITS COMMITTEE THAT DOES A SALARY COMPARISON TO OTHER NON-PROFITS IN THE LOCAL AREA. Pt VI, Line 7b USE OF ENDOWMENT FUNDS Form 990, Part IX, Line 24e MISCELLANEOUS EXPENSES 17493. 12595. 3149. 1749. Form 990, Part IX, Line 24e DEVELOPMENT 44596. 40136. 0. 4460. Form 990, Part IX, Line 24e PROFESSIONAL DEVELOPMENT 4417. 0. 4417. 0. Form 990, Part IX, Line 24e MINOR EQUIPMENT 27216. 21773. 5443. 0. Form 990, Part IX, Line 24e PERIODICALS 3642. 3642. 0. 0. Form 990, Part IX, Line 24e VIDEO 6395. 6395. 0. 0. Form 990, Part IX, Line 24e PROPERTY TAXES 7019. 0. 7019. 0. Form 990, Part IX, Line 24e NEWSLETTER 13601. 12241. 0. 1360. Form 990, Part IX, Line 24e BOOKS 10909. 10909. 0. 0.