2017-04-20T09:52:39-07:00 2016-12-31 STREETMAN JONES & POWERS LLC 171 CHURCH STREET STE 240 CHARLESTON SC 29401 990 2016-01-01 570314372 CHARLESTON LIBRARY SOCIETY CHAR 8437239912 164 KING STREET CHARLESTON SC 29401 RICHARD ALMEIDA TREASURER 8437239912 2017-02-27 true BRIAN R POWERS CPA CVA 8437233133 2017-04-20 X 50.247.38.177 2017-04-20 09:52:04 PD P A629E5B039DA9645CD87FBCE55FAA81791ECA744 F163CCF6D03B81C06BADF05BFCACA17FD68FC49D 2016 2021-01-29 14:40:06Z ANNE CLEVELAND 164 KING STREET CHARLESTON SC 29401 8876305 false X CHARLESTONLIBRARYSOCIETY.ORG X 1987 SC FOUNDING IN 1748, THE CHARLESTON LIBRARY SOCIETY (THE SOCIETY) IS THE SOUTH'S OLDEST CULTURAL 20 20 22 0 0 586877 744256 165227 163870 92210 122002 96448 93409 940762 1123537 0 0 561450 619951 0 23442 543396 519526 1104846 1139477 -164084 -15940 7288048 7251243 58163 44189 7229885 7207054 FOUNDING IN 1748, THE CHARLESTON LIBRARY SOCIETY (THE SOCIETY) IS THE false false 907785 163870 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. 907785 true true false false 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 false false false false false false false false false true X 0 0 22 true false false false false false true true false false false false X 20 20 true false false false true true false 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 ANNE HANAHAN BLESSING SECRETARY 6.00 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 DIRECTOR 4.00 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 X THOMAS WARING DIRECTOR 4 X BERNARD CORNWELL DIRECTOR 4 X J RUTLEDGE YOUNG JR DIRECTOR 4 X STEPHEN F GATES PRESIDENT 8 X CATHERINE M SMITH VICE-PRESIDENT 6 X DAVID COHEN DIRECTOR 6 X RICHARD ALMEIDA TREASURER 6 X ANNE CLEVELAND EXECUTIVE DIRECTOR 45 X X 124231 JANE TYLER DIRECTOR 4 X 124231 1 false false false 479873 264383 744256 SPEAKERS AND ARTISIT EVENTS 611600 163870 163870 68500 68500 68500 68500 7844854 7722852 122002 122002 122002 54825 29916 24909 24909 1123537 354372 24909 124231 99384 24847 0 387425 300817 77484 9124 16215 12972 3243 0 53517 41902 10703 912 38563 30152 7713 698 11500 0 11500 0 14144 9901 0 4243 15699 15699 0 0 64093 51274 12819 0 11189 11189 0 0 77717 62174 15543 0 35176 28140 7036 0 MAINTENANCE 108201 86561 21640 0 ADULT PROGRAMING 79846 79846 0 0 BOOKS & RESTORATION 22905 22905 0 0 BANK CHARGES 904 723 181 0 78152 54146 15541 8465 1139477 907785 208250 23442 155949 260635 678 37191 1978576 864466 1197801 1114110 5933620 5839307 7288048 7251243 21413 11934 33550 29055 3200 3200 58163 44189 X 5780323 5655277 1433562 1535777 16000 16000 7229885 7207054 7288048 7251243 -15940 X true X false true false X 409623 488642 578437 586879 744255 2807836 409623 488642 578437 586879 744255 2807836 2807836 293750 371412 311578 -261194 715546 3523382 0.79690 0.67070 X 0 0 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X false 1453592 1453592 1613126 -69225 90309 1453592 1615249 57195 59318 1613126 1430564 245098 60413 1615249 1262832 217848 50116 1430564 false false 264000 264000 1470345 691271 779074 244231 173195 71036 1114110 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, 2014 AND 2013. 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. 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 EXECUTIVE DIRECTOR'S HUSBAND IS A BUSINESS PARTNER OF A BOARD MEMBER. 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 FINANCE COMMITTEE RECOMMENDS THE RETURN BE ACCEPTED TO THE FULL BOARD, WHO VOTE ON THE MOTION. 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. Form 990, Part IX, Line 24e MISCELLANEOUS EXPENSES 15498. 12398. 3100. 0. Form 990, Part IX, Line 24e DEVELOPMENT 13090. 9163. 0. 3927. Form 990, Part IX, Line 24e PROFESSIONAL DEVELOPMENT 2653. 0. 2653. 0. Form 990, Part IX, Line 24e MINOR EQUIPMENT 19610. 15688. 3922. 0. Form 990, Part IX, Line 24e PERIODICALS 3347. 3347. 0. 0. Form 990, Part IX, Line 24e VIDEO 2963. 2963. 0. 0. Form 990, Part IX, Line 24e PROPERTY TAXES 5866. 0. 5866. 0. Form 990, Part IX, Line 24e NEWLETTER 15125. 10587. 0. 4538.