2018-05-14T10:36:00-07:00 2017-12-31 STREETMAN JONES & POWERS LLC 171 CHURCH STREET STE 240 CHARLESTON SC 29401 990 2017-01-01 570314372 CHARLESTON LIBRARY SOCIETY CHAR 8437239912 164 KING STREET CHARLESTON SC 29401 RICHARD ALMEIDA TREASURER 8437239912 2018-03-19 true BRIAN R POWERS CPA CVA P00540391 8437233133 2018-05-14 X 2017 2022-09-23 18:48:47Z ANNE CLEVELAND 164 KING STREET CHARLESTON SC 29401 3465514 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. 22 22 20 0 0 744256 1257364 163870 241258 122002 238894 93409 58855 1123537 1796371 0 0 619951 657018 15000 206960 519526 610613 1139477 1282631 -15940 513740 7251243 9059260 44189 967389 7207054 8091871 FOUNDING IN 1748, THE CHARLESTON LIBRARY SOCIETY (THE SOCIETY) IS THE false false 832853 1820763 FOR MORE THAN 269 YEARS, IT HAS COLLECTED, PRESERVED AND MADE AVAILABLE CULTUAL 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. 832853 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 false false false false false false false false false true 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 22 22 true 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 HARRIET MCDOUGAL DIRECTOR 4.00 X 0 0 0 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 DR PATRICIA WILLIAMS LESSANE DIRECTOR 4.00 X 0 0 0 ROBERT PRIOLEAU 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 145000 0 0 CAROL SANFORD DIRECTOR 4.00 X 0 0 0 BERNARD CORNWELL DIRECTOR 4.00 X 0 0 0 145000 1 false false false Palmetto Craftsmen Inc PO Box 1101 Charleston SC 29402 CONSTRUCTION 626674 Total Comfort Solutions 346 Orchard Dr Ste B W Columbia SC 29170 A/C UNIT AND MAINTENANCE 143174 2 365065 892299 388069 1257364 SPEAKERS AND ARTIST EVENTS 611600 241258 241258 148344 58855 58855 58855 58855 1759693 1669143 90550 90550 90550 1796371 539007 145000 116000 29000 0 409512 216708 81902 110902 18140 10884 3628 3628 43266 25960 8653 8653 41100 24660 8220 8220 9450 0 9450 0 27000 0 0 27000 15000 15000 28052 5636 0 22416 17293 17293 0 0 68602 54882 13720 0 4317 4317 0 0 4185 0 4185 0 98145 78516 19629 0 35045 28036 7009 0 MAINTENANCE 77759 62207 15552 0 ADULT PROGRAMING 47753 47753 0 0 BOOKS & RESTORATION 73221 73221 0 0 BANK CHARGES 2469 1975 494 0 117322 64805 41376 11141 1282631 832853 242818 206960 260635 717360 37191 12523 3117731 962612 1114110 2155119 5839307 6174258 7251243 9059260 11934 316603 29055 96892 550694 3200 3200 44189 967389 X 5655277 6109406 1535777 1966465 16000 16000 7207054 8091871 7251243 9059260 513740 371077 X true X false true false X 488642 578437 586879 744255 1257364 3655577 488642 578437 586879 744255 1257364 3655577 3655577 371412 311578 -261194 167924 589720 4245297 0.86110 0.76070 X 0 0 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 27000 27000 false Pt II-B Line 1 TAXPAYER PAID A THIRD PARTY CONSULTANT X X X X false 1551777 1551777 1453592 155745 57560 1551777 1613126 -69225 90309 1453592 1615249 57195 59318 1613126 1430564 245098 60413 1615249 false false 264000 264000 2544944 962612 1582332 308787 308787 2155119 DEPOSIT FROM TENANT 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 DCOLLECTION 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 14 388069 Average trading false true 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 THIRD OLDEST LIBRARY IN THE UNITED STATES. FOR MORE THAN 250 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 23090. 15430. 3857. 3803. Form 990, Part IX, Line 24e DEVELOPMENT 15244. 10671. 0. 4573. Form 990, Part IX, Line 24e PROFESSIONAL DEVELOPMENT 4688. 0. 4688. 0. Form 990, Part IX, Line 24e MINOR EQUIPMENT 31693. 25354. 6339. 0. Form 990, Part IX, Line 24e PERIODICALS 3682. 3682. 0. 0. Form 990, Part IX, Line 24e VIDEO 3093. 3093. 0. 0. Form 990, Part IX, Line 24e PROPERTY TAXES 6067. 0. 6067. 0. Form 990, Part IX, Line 24e NEWSLETTER 9215. 6450. 0. 2765. Form 990, Part IX, Line 24e PRINTING AND REPRODUCTION 20425. 0. 20425. 0. Form 990, Part IX, Line 24e JUNIOR PROGRAMS 125. 125. 0. 0.