READING PUBLIC LIBRARY FOUNDATION INC: Form 990, tax year 2017

View the entire original 990 at ProPublica ↗

Organization
READING PUBLIC LIBRARY FOUNDATION INC (EIN 04-3335881)
Tax period
2017-01-01 to 2017-12-31
Filed
2018-08-12
IRS object ID
201832249349300503
Schema version
2017v2.2
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)
Return2018-08-12T10:18:23-07:00ReturnTs
Tax Period End2017-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1MICHAEL SPURR CPA LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1131 MAIN STAddressLine1Txt
CityREADINGCityNm
State AbbreviationMAStateAbbreviationCd
ZIP01867ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2017-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN043335881EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1READING PUBLIC LIBRARY FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlREADBusinessNameControlTxt
Phone7819448886PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 96AddressLine1Txt
CityREADINGCityNm
State AbbreviationMAStateAbbreviationCd
ZIP01867ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonAMY COUMOUNDUROSPersonNm
Person TitleTREASURERPersonTitleTxt
Phone7819448886PhoneNum
Signature2018-05-05SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonAMY COUMOUNDUROSPreparerPersonNm
PTINP00092047PTIN
Phone7819444960PhoneNum
Self EmployedYes (X)SelfEmployedInd
FieldValueIRS element (for citing)
Tax2017TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerAMY COUMOUNDUROSPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line124 SMITH AVENUEAddressLine1Txt
CityREADINGCityNm
State AbbreviationMAStateAbbreviationCd
ZIP01867ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$213,241GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website Addresswww.readingplfoundation.orgWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1996FormationYr
Legal Domicile StateMALegalDomicileStateCd
Activity Or MissionTHE READING PUBLIC LIBRARY FOUNDATION WAS ESTABLISHED IN 1996 TO ENHANCE LIBRARY SERVICES AND COLLECTIONS IN THE TOWN OF READING, MASSACHUSETTS.ActivityOrMissionDesc
Voting Members Governing Body9VotingMembersGoverningBodyCnt
Voting Members Independent9VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers9TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$42,706PYContributionsGrantsAmt
CY Contributions Grants$43,636CYContributionsGrantsAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$84,282PYInvestmentIncomeAmt
CY Investment Income$169,605CYInvestmentIncomeAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$126,988PYTotalRevenueAmt
CY Total Revenue$213,241CYTotalRevenueAmt
PY Grants And Similar Paid$180,000PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$11,118CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$12,351CYTotalFundraisingExpenseAmt
PY Other Expenses$22,556PYOtherExpensesAmt
CY Other Expenses$21,904CYOtherExpensesAmt
PY Total Expenses$202,556PYTotalExpensesAmt
CY Total Expenses$33,022CYTotalExpensesAmt
PY Revenues Less Expenses-$75,568PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$180,219CYRevenuesLessExpensesAmt
Total Assets BOY$1,086,858TotalAssetsBOYAmt
Total Assets EOY$1,267,077TotalAssetsEOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$1,086,858NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$1,267,077NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTHE READING PUBLIC LIBRARY FOUNDATIONMissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$11,118ExpenseAmt
Grant$11,118GrantAmt
DescDONATION TO THE READING PUBLIC LIBRARY FOR GENERAL ENHANCEMENTS.Desc

Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp

FieldValueIRS element (for citing)
Grant$11,118GrantAmt
DescTHE READING PUBLIC LIBRARY CONTINUES TO SERVE THE COMMUNITY WITH A VARIETY OF TO SERVE THE COMMUNITY WITH A VARIETY OF TO SERVE THE COMMUNITY WITH A VARIETY OFDesc
FieldValueIRS element (for citing)
Total Other Prog Srvc Grant$11,118TotalOtherProgSrvcGrantAmt
Total Program Service Expenses$11,118TotalProgramServiceExpensesAmt
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 ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Temp Or Permanent EndowmentsfalseTempOrPermanentEndowmentsInd
Report Land Building EquipmentfalseReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesfalseReportOtherLiabilitiesInd
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 OrganizationsYes (true)GrantsToOrganizationsInd
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 With Officer EntfalseBusinessRlnWithOfficerEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityfalseRelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredfalseScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee0EmployeeCnt
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Quid Pro Quo ContributionsfalseQuidProQuoContributionsInd
Form8282 Property Disposed OffalseForm8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members9GoverningBodyVotingMembersCnt
Independent Voting Member9IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
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 PolicyfalseWhistleblowerPolicyInd
Document Retention PolicyfalseDocumentRetentionPolicyInd
Compensation Process CEOfalseCompensationProcessCEOInd
Compensation Process OtherfalseCompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonAMY COUMOUNDUROSPersonNm
Phone7819448886PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line124 SMITH AVENUEAddressLine1Txt
CityREADINGCityNm
State AbbreviationMAStateAbbreviationCd
ZIP01867ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (9 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorInd
ELISE
CIREGNA5.00Yes (X)$0$0$0
WILLIAM
HECHT5.00Yes (X)$0$0$0
AMY
COUMOUNDUROS5.00Yes (X)$0$0$0
BRUCE
AUSTIN5.00Yes (X)$0$0$0
JOHN
BRZEZENSKI1.00$0$0$0Yes (X)
LYNNE
CAMERON1.00$0$0$0Yes (X)
RUSSELL
GRAHAM1.00$0$0$0Yes (X)
ROBERT
NORDSTRAND1.00$0$0$0Yes (X)
MARIA
SILVAGGI1.00$0$0$0Yes (X)
FieldValueIRS element (for citing)
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
All Other Contributions$43,636AllOtherContributionsAmt
Total Contributions$43,636TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$169,605TotalRevenueColumnAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$213,241TotalRevenueColumnAmt
Related Or Exempt Func Income$169,605RelatedOrExemptFuncIncomeAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$11,118TotalAmt
Program Services$11,118ProgramServicesAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$4,015TotalAmt
Program Services$0ProgramServicesAmt
Management And General$4,015ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$5,137TotalAmt
Program Services$0ProgramServicesAmt
Management And General$5,137ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Information Technology InformationTechnologyGrp

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

Other Expenses OtherExpensesGrp (3 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
COMMONWEALTH OF MA FILING FEE$70$0$70$0
PAYPAL FEE$81$0$81$0
CHARITABLE GIFT ANNUITY PAYMENTS$12,351$0$0$12,351

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$33,022TotalAmt
Program Services$11,118ProgramServicesAmt
Management And General$9,553ManagementAndGeneralAmt
Fundraising$12,351FundraisingAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$91,351BOYAmt
EOY$158,883EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$995,507BOYAmt
EOY$1,108,194EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$1,086,858BOYAmt
EOY$1,267,077EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$9,745BOYAmt
EOY$24,584EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$117,180BOYAmt
EOY$238,934EOYAmt

Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$959,933BOYAmt
EOY$1,003,559EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,086,858BOYAmt
EOY$1,267,077EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,086,858BOYAmt
EOY$1,267,077EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$180,219ReconcilationRevenueExpnssAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedfalseFSAuditedInd
Federal Grant Audit RequiredfalseFederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$40,888CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$39,859CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$91,179CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$42,706CurrentTaxYearMinus1YearAmt
Current Tax Year$43,636CurrentTaxYearAmt
Total$258,268TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$40,888CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$39,859CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$91,179CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$42,706CurrentTaxYearMinus1YearAmt
Current Tax Year$43,636CurrentTaxYearAmt
Total$258,268TotalAmt
FieldValueIRS element (for citing)
Public Support Total170$258,268PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$16,411CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$23,331CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$33,523CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$25,747CurrentTaxYearMinus1YearAmt
Current Tax Year$43,636CurrentTaxYearAmt
Total$142,648TotalAmt
FieldValueIRS element (for citing)
Total Support$400,916TotalSupportAmt
Public Support CY1700.64420PublicSupportCY170Pct
Public Support PY1700.48890PublicSupportPY170Pct
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 I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (true)GrantRecordsMaintainedInd

Recipient Table RecipientTable

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1READING PUBLIC LIBRARYBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line164 MIDDLESEX AVEAddressLine1Txt
CityREADINGCityNm
State AbbreviationMAStateAbbreviationCd
ZIP01867ZIPCd
FieldValueIRS element (for citing)
Recipient EIN046001277RecipientEIN
Cash Grant$11,118CashGrantAmt
Purpose Of GrantLIBRARY ENHANCEMENTPurposeOfGrantTxt
FieldValueIRS element (for citing)
Total501c3 Org1Total501c3OrgCnt
Total Other Org0TotalOtherOrgCnt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Pt VI, Line 11bThe Board of Directors of the Reading Public Library Foundation, Inc. each receive monthly financial statements for the Foundation. These are discussed at our monthly meetings and a year end analysis is performed at our January Board Meeting. A copy of the Form 990 and all accompanying schedules was presented to the Board of Directors on May 10, 2018. At that time all questions were answered by the Treasurer. The tax return will then be electronically filed by the Treasurer.
Pt VI, Line 12cThe Board of Directors holds annual elections, at which time the President of the Foundation asks all officers and directors if there are any conflicts of interest and reminds all of our published policies, a packet of which is distributed to all directors upon their initial election.
Pt VI, Line 19All records of the Reading Public Library Foundation, Inc. are a matter of public record and may be obtained by contacting any officer of the Reading Public Library Foundation,Inc. Contact information for officers is kept at the circulation desk of the Reading Public Library and can also be found on our website.
Form 990, Part III, Line 4dTHE READING PUBLIC LIBRARY CONTINUES 0. 11118. 0.

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