2016-03-09T10:45:15-06:00 2015-06-30 390758449 WIPFLI LLP 2 WEST BALTIMORE AVE SUITE 210 MEDIA PA 19063 990 2014-07-01 521173474 FREE LIBRARY OF PHILADELPHIA FOUNDATION FREE 2155675948 1901 VINE STREET PHILADELPHIA PA 191031189 DAVID T EDWARDS CFO 2155675948 2016-03-09 1 JOHN J NIHILL CPA P00844252 6105653930 2016-03-09 2014 2016-08-17 19:52:53Z SAME AS ABOVE SIOBHAN A REARDON 1901 VINE STREET PHILADELPHIA PA 191031189 22266331 0 X WWW.FREELIBRARY.ORG X 1891 PA SEE SCHEDULE O.TO DEVELOP RESOURCES AND FUNDING TO EXPAND, ENHANCE, AND SUPPORT THE SERVICES, COLLECTIONS, BUILDING IMPROVEMENTS AND TECHNOLOGY EXPANSION, AND OTHER ACTIVITIES OF THE FREE LIBRARY OF PHILADELPHIA. PROGRAMS INCLUDE EARLY CHILDHOOD, FAMILY, AND ADULT LITERACY; AFTER-SCHOOL HOMEWORK HELP; WORKPLACE AND CAREER PLACEMENT; REGIONAL FOUNDATION CENTER; LECTURE SERIES; SUMMER PROGRAMS IN READING AND SCIENCE; AND CULTURAL PERFORMANCES. 36 36 406 300 0 0 15029219 19451197 694273 640296 2450632 1646001 322782 334001 18496906 22071495 0 0 0 0 4646177 4917699 184528 203892 1642561 17292307 5868364 22123012 10989955 -3626106 11081540 37623690 43485942 5036310 1223718 32587380 42262224 X TO DEVELOP RESOURCES AND FUNDING TO EXPAND, ENHANCE, AND SUPPORT THE SERVICES, COLLECTIONS, BUILDING IMPROVEMENTS AND TECHNOLOGY EXPANSION, AND OTHER ACTIVITIES OF THE FREE LIBRARY OF PHILADELPHIA. PROGRAMS INCLUDE EARLY CHILDHOOD, FAMILY, AND ADULT LITERACY; AFTER-SCHOOL HOMEWORK HELP; WORKPLACE AND CAREER PLACEMENT; REGIONAL FOUNDATION CENTER; LECTURE SERIES; SUMMER PROGRAMS IN READING AND SCIENCE; AND CULTURAL PERFORMANCES. 0 0 3577857 640296 PUBLIC PROGRAMS: TO PROVIDE LITERACY, CULTURAL AND EDUCATIONAL PROGRAMMING ON BEHALF OF THE FREE LIBRARY OF PHILADELPHIA. EXAMPLES OF SUCH PROGRAMS INCLUDE: THE LITERACY ENRICHMENT AFTER-SCHOOL PROGRAM (LEAP), ONE BOOK ONE PHILADELPHIA, SCIENCE IN THE SUMMER, TEEN PROGRAMMING, COLLEGE PREP, THE AUTHOR LECTURE SERIES, AND SUMMER READING PROGRAM. 3641891 LIBRARY CAPITAL PROJECTS: TO RENOVATE AND ENHANCE THE CENTRAL BRANCH OF THE LIBRARY AS WELL AS FIVE NEIGHBORHOOD LIBRARIES; TACONY, LOVETT, MARRERO, LOGAN AND THE SOUTH PHILADELPHIA BRANCHES. 180874 COLLECTIONS AND PRESERVATION: TO ENHANCE THE LIBRARY'S PROMINENT RESEARCH COLLECTIONS, SUCH AS THE FLEISHER COLLECTION, DICKENS COLLECTION, POE COLLECTION, MEDIEVAL MANUSCRIPTS, ETC. 146101 FACILITIES RENOVATIONS: PRIMARILY TO MAKE RENOVATIONS TO THE LIBRARY. 296895 TECHNOLOGY: TO SUPPLEMENT THE LIBRARY'S TECHNOLOGICAL NEEDS SUCH AS WEBSITE DESIGN, DEVELOP INFRASTRUCTURE OF THE LIBRARY'S NETWORK, AND COMPUTER SERVICES FOR THE CHILDREN'S DEPARTMENT. 442996 7843618 1 1 0 1 0 0 0 1 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 0 0 1 114 0 1 406 1 0 0 0 0 0 0 0 0 0 0 0 X 36 36 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 1 0 PA NJ X FREE LIBRARY OF PHILADELPHIA FOUNDATION 2155675948 1901 VINE STREET PHILADELPHIA PA 19103 TOBEY DICHTER BOD CHAIR 1.00 0.00 X X 0 0 0 MIRIAM SPECTOR BOD MEMBER - VICE CHAIR 1.00 0.00 X X 0 0 0 JAMES HAVERILL PHD BOD MEMBER - TREASURER 1.00 1.00 X X 0 0 0 RICHARD A GREENAWALT BOD MEMBER - FIRST VICE CHAIR 1.00 0.00 X X 0 0 0 BARBARA SUTHERLAND BOD MEMBER - SECRETARY 1.00 0.00 X X 0 0 0 SIOBHAN A REARDON BOD MEMBER - PRESIDENT & DIRECTOR 1.00 0.00 X X 0 0 0 ROBERT ADELSON BOD MEMBER 1.00 0.00 X 0 0 0 CYNTHIA AFFLECK BOD MEMBER 1.00 1.00 X 0 0 0 PHYLLIS W BECK BOD MEMBER 1.00 0.00 X 0 0 0 SHELDON BONOVITZ BOD MEMBER 1.00 0.00 X 0 0 0 CACHINO-SANCHEZ BOD MEMBER 1.00 0.00 X 0 0 0 GEORGE DAY BOD MEMBER 1.00 0.00 X 0 0 0 ANDREA EHRLICH BOD MEMBER 1.00 0.00 X 0 0 0 W WILSON GOODE SR BOD MEMBER 1.00 0.00 X 0 0 0 DANIEL GORDON BOD MEMBER 1.00 0.00 X 0 0 0 MELISSA GRIMM BOD MEMBER 1.00 0.00 X 0 0 0 JANET HAAS BOD MEMBER 1.00 0.00 X 0 0 0 ROBERT HEIM BOD MEMBER 1.00 0.00 X 0 0 0 JOHN IMBESI BOD MEMBER 1.00 0.00 X 0 0 0 MICHEAL INNOCENZO BOD MEMBER 1.00 0.00 X 0 0 0 PHILIP JARIGUE BOD MEMBER 1.00 0.00 X 0 0 0 GEOFFREY KENT BOD MEMBER 1.00 0.00 X 0 0 0 ALEXANDER KERR ESQ BOD MEMBER 1.00 0.00 X 0 0 0 MARCIENE S MATTLEMAN BOD MEMBER 1.00 0.00 X 0 0 0 THOMAS B MORRIS JR BOD MEMBER 1.00 0.00 X 0 0 0 STEPHANIE W NAIDOFF BOD MEMBER 1.00 0.00 X 0 0 0 BERNARD NEWMAN BOD MEMBER 1.00 1.00 X 0 0 0 PATRICK M OATES BOD MEMBER 1.00 0.00 X 0 0 0 DEREK N PEW BOD MEMBER 1.00 0.00 X 0 0 0 NICK POURNADER BOD MEMBER 1.00 0.00 X 0 0 0 WILLIAM R SASSO BOD MEMBER 1.00 0.00 X 0 0 0 SUSAN G SMITH BOD MEMBER 1.00 0.00 X 0 0 0 STACEY SPECTOR BOD MEMBER 1.00 0.00 X 0 0 0 LENORE STEINER BOD MEMBER 1.00 1.00 X 0 0 0 MONICA VACHHER BOD MEMBER 1.00 0.00 X 0 0 0 JAY WEINSTEIN BOD MEMBER 1.00 0.00 X 0 0 0 LARRY WEISS BOD MEMBER 1.00 0.00 X 0 0 0 SANDRA A HORROCKS V.P. EXTERNAL AFFAIRS 37.50 0.00 X 160540 0 7216 JAMES PECORA CHIEF TECH OFFICER 37.50 0.00 X 162916 0 7320 DAVID EDWARDS CHIEF FINANCIAL OFFICER 37.50 0.00 X 155687 0 0 SARAH MORAN CHIEF OF STAFF 37.50 0.00 X 130000 0 5850 SUSAN GOULD ASST. V.P. DEVELOPMENT 37.50 0.00 X 133071 0 5777 MELISSA GREENBERG V.P. DEVELOPMENT 37.50 0.00 X 217110 0 9759 JUDITH RENYI DIR MAYOR'S COMM ON LITERACY 37.50 0.00 X 135248 0 6086 1094572 0 42008 7 0 1 0 LF DRISCOLL COMPANY LLC 9 PRESIDENTIAL BOULEVARD PHILADELPHIA PA 190040468 CONSTRUCTION 610490 VITETTA GROUP INC BALDWIN TOWER 1510 CHESTER PIKE SUI EDDYSTONE PA 19022 CONSTRUCTION 470774 SAFDIE ARCHITECTS LLC 100 PROPERZI WAY SOMERVILLE MA 02143 CONSTRUCTION 308164 SCHULTZ & WILLIAMS INC 325 CHESTNUT ST STE 700 PHILADELPHIA PA 19106 MARKETING & DEVELOPMENT 233694 DIVERSIFIED SYSTEMS 363 MARKET ST KENILWORTH NJ 07033 MARKETING & DEVELOPMENT 171926 5 322290 1104766 18024141 104215 19451197 LECTURE SERIES 900099 298747 298747 FINES & LOST BOOKS 900099 249370 249370 FREE LIBRARY SERVICES 900099 66088 66088 SALES-BOOKS & PUBLIC 900099 26091 26091 640296 1343180 1343180 95919 95919 43970 8400 35570 35570 35570 302821 0 302821 302821 302821 116218 322290 186436 -70218 -70218 VENDED SYSTEMS 900099 239581 239581 OTHER INCOME 900099 33149 33149 272730 22071495 640296 0 1980002 X 493678 272818 108896 111964 3567624 1971552 786952 809120 94369 52151 20816 21402 378919 175948 92301 110670 383109 213709 62025 107375 77290 39317 34405 3568 60000 6412 53588 8500 8500 203892 203892 78044 59546 18498 2387838 2307773 31776 48289 205438 134180 974 70284 922914 846363 29195 47356 47245 34259 1151 11835 78896 51663 16078 11155 384806 314803 56104 13899 31652 31652 13630 8370 5260 62409 -2317 64301 425 PROGRAMS AND EXHIBITS 518947 504263 519 14165 INTERCOMPANY RML 458949 458949 LIBRARY MATERIALS 376273 355530 20743 BANK AND CREDIT CARD FE 70593 31492 14850 24251 84940 425634 -347602 6908 10989955 7843618 1503776 1642561 252084 1839066 782950 7884175 9503808 5109423 1000082 621928 49173 90394 257823 250371 21083 7452 25983413 27449498 31097 484006 37623690 43485942 1828934 1223718 3207376 5036310 1223718 X 7570667 7431802 15574255 25386714 9442458 9443708 32587380 42262224 37623690 43485942 11081540 -1406696 0 X 0 1 X 1 0 X 8999124 6933772 8479652 15029219 19558547 59000314 8999124 6933772 8479652 15029219 19558547 59000314 14330247 44670067 568537 543338 958168 2130109 1739734 5939886 284752 265178 263193 308759 311724 1433606 66373806 3699836 0.67300 0.78630 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8500 8500 7535118 7543618 527181 131795 0 0 647705 682719 1000000 527181 2857605 4286408 96872 14452 42496 8500 162320 161926 170680 250000 131795 714401 1071602 X X 0 27805863 3798154 498837 1332455 30770399 18731659 7288783 2690173 904752 27805863 17451909 58582 2042531 821363 18731659 18618981 13555 -345558 835069 17451909 15406502 49809 4316278 1153608 18618981 0.00000 0.54810 0.45190 0 1 1 128181 120729 7452 129642 129642 0 7452 X 20880441 -1406696 107250 186436 -1113010 21993451 78044 78044 22071495 11205598 107250 186436 293686 10911912 78044 78044 10989956 PART III, LINE 1A: THE FOUNDATION OWNS AND MAINTAINS COLLECTIONS OF RARE BOOKS, MANUSCRIPTS, MAPS, PAINTINGS, PRINTS, MUSIC, ETC., MOST OF WHICH HAVE BEEN ACQUIRED THROUGH INDIVIDUAL GIFTS AND BEQUESTS. THE ROSENBACH CONTRIBUTED COLLECTION ITEMS INCLUDE RARE BOOKS, MANUSCRIPTS, FINE AND DECORATIVE ARTS AND PERIOD FINISHINGS. A FINE ARTS INSURANCE POLICY WITH COVERAGE UP TO $11,000,000 IS CARRIED ON THE COLLECTIONS. IN THE OPINION OF MANAGEMENT, THIS REPRESENTS ONLY A FRACTION OF THE PRESENT FAIR VALUE OF THE ITEMS, MANY OF WHICH ARE IRREPLACEABLE. THE FOUNDATION HAS NOT ASSIGNED A VALUE TO THE COLLECTIONS FOR ACCOUNTING PURPOSES, SINCE IT IS NOT PRACTICAL TO DETERMINE THE COST, THE FAIR VALUE AT DATE OF ACQUISITION OR THE NET REALIZABLE VALUE OF THESE COLLECTIONS. PART V, LINE 4: THE ENDOWMENT OF THE FOUNDATION CONSISTS OF 59 FUNDS ESTABLISHED BY DONORS FOR VARIOUS PURPOSES. THE ENDOWMENT OF THE ROSENBACH CONSISTS OF 24 FUNDS ESTABLISHED BY DONORS FOR VARIOUS PURPOSES. AS REQUIRED BY UNITED STATES GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS, INCLUDING FUNDS DESIGNATED BY THE BOARD OF DIRECTORS TO FUNCTION AS ENDOWMENT, ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. PART X, LINE 2: THE FOUNDATION HAS OBTAINED A FAVORABLE DETERMINATION THAT IT IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS CLASSIFIED AS AN ORGANIZATION THAT IS OTHER THAN A PRIVATE FOUNDATION. ACCORDINGLY, NO PROVISION HAS BEEN MADE FOR INCOME TAXES. MANAGEMENT HAS REVIEWED TAX POSITIONS TAKEN IN FILINGS WITH FEDERAL AND STATE JURISDICTIONS AND BELIEVES THOSE POSITIONS WOULD BE SUSTAINED SHOULD THE FILINGS BE EXAMINED BY THE RELEVANT TAXING AUTHORITY. THESE TAX FILINGS FOR FISCAL 2012, 2013 AND 2014 ARE SUBJECT TO EXAMINATION, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 186,436. PART XI, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT FEES INCLUDED IN REVENUE ON FINANCIAL STATEMENTS 78,044. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 186,436. PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT FEES INCLUDED IN REVENUE ON FINANCIAL STATEMENTS 78,044. X X X X X X 1 SCHULTZ AND WILLIAMS 325 CHESTNUT STREET PHILADELPHIA PA 19106 DIRECT MAIL SERVICES - PLANNING, ADVISING, AND CONSULTING 0 316221 203892 112329 316221 203892 112329 PA NJ BORROWER'S BALL 425090 315715 109375 79032 900 93297 FAMILY EVENT 13418 6575 6843 11564 700 943 438508 322290 116218 90596 1600 94240 186436 -70218 SCHEDULE G, PART I, LINE 2B, COLUMN (V) THE AMOUNT PAID TO SCHULTZ AND WILLIAMS INCLUDE APPROXIMATELY $85K FOR CONSULTING FEES, $21K FOR POSTAGE AND $77K FOR GRAPHICS AND PRINTING. X X 0 0 0 0 0 0 0 0 0 SANDRA A HORROCKS V.P. EXTERNAL AFFAIRS 160540 0 0 0 0 0 7216 0 0 0 167756 0 0 0 JAMES PECORA CHIEF TECH OFFICER 162916 0 0 0 0 0 7320 0 0 0 170236 0 0 0 DAVID EDWARDS CHIEF FINANCIAL OFFICER 155687 0 0 0 0 0 0 0 0 0 155687 0 0 0 MELISSA GREENBERG V.P. DEVELOPMENT 217110 0 0 0 0 0 9759 0 0 0 226869 0 0 0 PART I, LINE 3 THE ORGANIZATION'S PROCESS FOR DETERMINING COMPENSATION INCLUDES AN ANNUAL REVIEW AND APPROVAL BY THE GOVERNING BODY. THE ORGANIZATION USES COMPARABLE DATA FROM ORGANIZATIONS SIMILAR IN SIZE AND PURPOSE FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS. X 7 35350 FMV X 51430 FMV X 2 2435 FMV X DONATED EVENT PASSES 1 15000 FMV 0 0 1 0 FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS REVIEWED BY THE AUDIT COMMITTEE AND IS THEN MADE AVAILABLE TO THE ORGANIZATION'S GOVERNING BODY BEFORE BEING FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE CFO IS RESPONSIBLE FOR REVIEWING ALL CONTRACTS AS WELL AS IDENTIFYING ANY POSSIBLE CONFLICTS OF INTEREST. POTENTIAL CONFLICTS OF INTEREST ARE IDENTIFIED APPLYING THE PRESCIBED PROCEDUIRES. THE BOARD OF DIRECTORS MUST ANNUALLY CERTIFY THEIR COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15B THE PRESIDENT AND DIRECTOR IS COMPENSATED BY THE CITY OF PHILADELPHIA AND ALL SALARY DECISIONS ARE MADE BY THE BOARD OF TRUSTEES OF THE FREE LIBRARY OF PHILADELPHIA. REGARDING OTHER KEY OFFICERS, ANNUALLY THE GOVERNING BODY APPROVES THE COLLECTIVE SALARY RATE INCREASE FOR ALL EMPLOYEES OF THE ORGANIZATION FOR THE UPCOMING FISCAL YEAR. INDIVIDUAL RATE INCREASES ARE THEN REVIEWED AND APPROVED BY THE DIRECTOR, CHIEF FINANCIAL OFFICER AND THE HR MANAGER. IN ADDITION, COMPARABLE SALARY DATA FROM ORGANIZATIONS OF SIMILAR SIZE AND PURPOSE FOR SIMILARLY QUALIFIED INDIVIDUALS IS USED TO DETERMINE THE APPROPRIATE SALARY FOR NEW HIRES. THE SOURCES OF THAT INFORMATION ARE HR PROFESSIONAL ASSOCIATIONS, AND SURVEY DATA FROM VARIOUS OTHER SOURCES SUCH AS UNIVERSITIES AND EMPLOYMENT AGENCIES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTING: PROGRAM SERVICE EXPENSES 2,215,357. MANAGEMENT AND GENERAL EXPENSES 16,216. FUNDRAISING EXPENSES 34,723. TOTAL EXPENSES 2,266,296. TRAINING: PROGRAM SERVICE EXPENSES 332. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 332. CONSERVATION & PRESERVATION: PROGRAM SERVICE EXPENSES 26,348. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 26,348. TEMPORARY SERVICES: PROGRAM SERVICE EXPENSES 10,620. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 12,152. TOTAL EXPENSES 22,772. PAYROLL SERVICES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 15,560. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 15,560. PROFESSIONAL DEVELOPMENT: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 1,414. TOTAL EXPENSES 1,414. RECRUITING: PROGRAM SERVICE EXPENSES 336. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 336. ADMINISTRATIVE FEES: PROGRAM SERVICE EXPENSES 54,780. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 54,780. THE ROSENBACH OF THE FREE LIBRARY OF PHILADELPHIA FOUNDATION 2010 DELANCEY PLACE PHILADELPHIA PA 19103 231425055 OPERATION OF MUSEUM AND LIBRARY PA 501(C)(3) LINE 7 THE FREE LIBRARY OF PHILADELPHIA FOUNDATION 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1