READING PUBLIC LIBRARY FOUNDATION INC: Form 990, tax year 2016

View the entire original 990 at ProPublica ↗

Organization
READING PUBLIC LIBRARY FOUNDATION INC (EIN 04-3335881)
Tax period
2016-01-01 to 2016-12-31
Filed
2017-05-11
IRS object ID
201741319349301819
Schema version
2016v3.0
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

FieldValueIRS element (for citing)
Return2017-05-11T09:07:41-07:00ReturnTs
Tax Period End2016-12-31TaxPeriodEndDt

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 Begin2016-01-01TaxPeriodBeginDt

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
Signature2017-05-06SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonAMY COUMOUNDUROSPreparerPersonNm
Phone7819444960PhoneNum
Self EmployedYes (X)SelfEmployedInd

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address173.48.240.114IPv4AddressTxt
FieldValueIRS element (for citing)
IP2017-05-11IPDt
IP Tm09:07:36IPTm
IP TimezonePDIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device Id448296CCF41D28D311EF1EEFB16894791675D022AtSubmissionCreationDeviceId
At Submission Filing Device Id448296CCF41D28D311EF1EEFB16894791675D022AtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2016TaxYr
Build TS2021-01-29 14:40:06ZBuildTS

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$126,988GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressN/AWebsiteAddressTxt
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$91,179PYContributionsGrantsAmt
CY Contributions Grants$42,706CYContributionsGrantsAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$33,523PYInvestmentIncomeAmt
CY Investment Income$84,282CYInvestmentIncomeAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$124,702PYTotalRevenueAmt
CY Total Revenue$126,988CYTotalRevenueAmt
PY Grants And Similar Paid$100PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$180,000CYGrantsAndSimilarPaidAmt
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$62,406PYOtherExpensesAmt
CY Other Expenses$22,556CYOtherExpensesAmt
PY Total Expenses$74,857PYTotalExpensesAmt
CY Total Expenses$202,556CYTotalExpensesAmt
PY Revenues Less Expenses$49,845PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$75,568CYRevenuesLessExpensesAmt
Total Assets BOY$1,162,426TotalAssetsBOYAmt
Total Assets EOY$1,086,858TotalAssetsEOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$1,162,426NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$1,086,858NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTHE READING PUBLIC LIBRARY FOUNDATIONMissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$180,000ExpenseAmt
DescDONATION TO THE READING PUBLIC LIBRARY FOR GENERAL ENHANCEMENTS.Desc

Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp

FieldValueIRS element (for citing)
Grant$180,000GrantAmt
DescTHE READING PUBLIC LIBRARY OPENED ITS DOORS AFTER A TWO YEAR RENOVATION.Desc
FieldValueIRS element (for citing)
Total Other Prog Srvc Grant$180,000TotalOtherProgSrvcGrantAmt
Total Program Service Expenses$180,000TotalProgramServiceExpensesAmt
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
Transaction With Control EntfalseTransactionWithControlEntInd
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 OrgReportableCompFromOrgAmtOther CompensationOtherCompensationAmtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorInd
ELISE
CIREGNA5.00Yes (X)$0$0
WILLIAM
HECHT5.00Yes (X)$0$0
AMY
COUMOUNDUROS5.00Yes (X)$0$0
BRUCE
AUSTIN5.00Yes (X)$0$0
JOHN
BRZEZENSKI1.00$0$0Yes (X)
LYNNE
CAMERON1.00$0$0Yes (X)
RUSSELL
GRAHAM1.00$0$0Yes (X)
ROBERT
NORDSTRAND1.00$0$0Yes (X)
MARIA
SILVAGGI1.00$0$0Yes (X)
FieldValueIRS element (for citing)
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
All Other Contributions$42,706AllOtherContributionsAmt
Total Contributions$42,706TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$84,282TotalRevenueColumnAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$126,988TotalRevenueColumnAmt
Related Or Exempt Func Income$84,282RelatedOrExemptFuncIncomeAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$180,000TotalAmt
Program Services$180,000ProgramServicesAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$3,071TotalAmt
Program Services$0ProgramServicesAmt
Management And General$3,071ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$6,892TotalAmt
Program Services$0ProgramServicesAmt
Management And General$6,892ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$114TotalAmt
Program Services$0ProgramServicesAmt
Management And General$114ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Other Expenses OtherExpensesGrp (3 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
COMMONWEALTH OF MA FILING FEE$70$0$70$0
PAYPAL FEE$58$0$58$0
CHARITABLE GIFT ANNUITY PAYMENTS$12,351$0$0$12,351

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$202,556TotalAmt
Program Services$180,000ProgramServicesAmt
Management And General$10,205ManagementAndGeneralAmt
Fundraising$12,351FundraisingAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$247,552BOYAmt
EOY$91,351EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$914,874BOYAmt
EOY$995,507EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$1,162,426BOYAmt
EOY$1,086,858EOYAmt

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$19,949BOYAmt
EOY$9,745EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$225,238BOYAmt
EOY$117,180EOYAmt

Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$917,239BOYAmt
EOY$959,933EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,162,426BOYAmt
EOY$1,086,858EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,162,426BOYAmt
EOY$1,086,858EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$75,568ReconcilationRevenueExpnssAmt
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$63,432CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$40,888CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$39,859CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$91,179CurrentTaxYearMinus1YearAmt
Current Tax Year$42,706CurrentTaxYearAmt
Total$278,064TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$63,432CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$40,888CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$39,859CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$91,179CurrentTaxYearMinus1YearAmt
Current Tax Year$42,706CurrentTaxYearAmt
Total$278,064TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$85,000SubstantialContributorsTotAmt
Public Support Total170$193,064PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$17,781CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$16,411CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$23,331CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$33,523CurrentTaxYearMinus1YearAmt
Current Tax Year$25,747CurrentTaxYearAmt
Total$116,793TotalAmt
FieldValueIRS element (for citing)
Total Support$394,857TotalSupportAmt
Public Support CY1700.48890PublicSupportCY170Pct
Public Support PY1700.50000PublicSupportPY170Pct
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
Purpose Of GrantLIBRARY ENHANCEMENTPurposeOfGrantTxt

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 11, 2017. 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 OPENED ITS DOORS 0. 180000. 0.

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