2016-05-13T09:55:48-05:00 2015-06-30 KPMG LLP 345 Park Avenue New York NY 101540102 990 2014-07-01 131887440 THE NEW YORK PUBLIC LIBRARY ASTOR LENOX AND TILDEN FOUNDATIONS % TODD M CORBIN CIO & VP FIN NEWY 2125927405 445 FIFTH AVENUE NEW YORK NY 10016 todd m corbin CIO & ACTING VP FIN 2126210241 2016-05-11 true devin l duncan P01249521 2127589700 2016-05-09 2014 2016-08-17 19:52:53Z ANTHONY W MARX Pres CEO 476 FIFTH AVE NEW YORK NY 10018 701336807 false X WWW.NYPL.ORG X 1895 NY THE MISSION OF THE NEW YORK PUBLIC LIBRARY IS TO INSPIRE LIFELONG LEARNING, ADVANCE KNOWLEDGE, AND STRENGTHEN OUR COMMUNITIES. 44 43 3756 1525 854791 430506 217031181 222414273 3622859 2764031 79802891 172331064 6544171 6278224 307001102 403787592 1353138 2037058 0 0 185300118 183090269 1079127 1258175 9976762 124798737 124150418 312531120 310535920 -5530018 93251672 1592224323 1729832399 395457851 372963745 1196766472 1356868654 X THE MISSION OF THE NEW YORK PUBLIC LIBRARY IS TO INSPIRE LIFELONG LEARNING, ADVANCE KNOWLEDGE, AND STRENGTHEN OUR COMMUNITIES. false false 163389855 679559 2576717 THE BRANCH LIBRARIES - THE SERVICES OF THE 88 BRANCH LIBRARIES EXTEND FAR BEYOND THE TRADITIONAL LENDING ROLE USUALLY ASSOCIATED WITH NEIGHBORHOOD LIBRARIES, TO PROVIDE VITAL OUTREACH SERVICES AND PROGRAMS TO SCHOOLS, NURSING HOMES, HOSPITALS, SHELTERS AND PRISONS, AND TO THE BLIND AND PHYSICALLY HANDICAPPED, INCLUDING BOOK-BY-MAIL DELIVERIES TO THE HOMEBOUND. FOR MORE INFORMATION, SEE SCHEDULE O. 101513546 1357499 1267065 THE RESEARCH LIBRARIES - DURING FISCAL YEAR 2015, THE FOUR RESEARCH LIBRARIES - THE STEPHEN A. SCHWARZMAN BUILDING; THE SCIENCE, INDUSTRY AND BUSINESS LIBRARY; THE SCHOMBURG CENTER FOR RESEARCH IN BLACK CULTURE; AND THE LIBRARY FOR PERFORMING ARTS - HAD 3.7 MILLION ON-SITE USERS. LIBRARY STAFF RESPONDED TO 308,336 REFERENCE INQUIRIES. OF 45.2 MILLION COLLECTION ITEMS, APPROXIMATELY 16.7 MILLION ARE BOOKS AND BOOK-LIKE MATERIALS, AND THE REMAINDER CONSISTS OF ITEMS SUCH AS AUDIO RECORDINGS, FILMS, MAPS, SHEET MUSIC AND PRINTS AND CLIPPINGS. FOR MORE INFORMATION, SEE SCHEDULE O. 264903401 true true false true false false false true false true true true false false true true true false false false true false false true true false false true true true false false false false false false false false true true false false false true false false false true 624 0 true 3756 true true true false false false false true true false false false false X 44 43 true false false false false false false true true false false true true true true true true true true false AK CA CT HI IL KS KY LA ME MD MA MI MN MS NH NJ NM NC ND OH OK OR PA SC TN UT VA WA WV WI X X TODD M CORBIN CIO VP FIN 2125927405 445 FIFTH AVE NEW YORK NY 10016 X KWAME ANTHONY APPIAH TRUSTEE 1.0 0.0 X 0 0 0 PETER BALDWIN - BEGAN 515 TRUSTEE 1.0 0.0 X 0 0 0 JOHN H BANKS III TRUSTEE 1.0 0.0 X 0 0 0 MAHNAZ ISPAHANI BARTOS TRUSTEE 5.0 0.0 X 0 0 0 LISA BLAU - BEGAN 515 TRUSTEE 1.0 0.0 X 0 0 0 SILA M CALDERON TRUSTEE 3.0 0.0 X 0 0 0 EVAN ROBERT CHESLER TTEE,CHAIR(V.CHAIR THRU 11/14) 5.0 0.0 X X 0 0 0 ROBERT DARNTON - ENDED 1114 TRUSTEE 5.0 0.0 X 0 0 0 GORDON J DAVIS TRUSTEE 1.0 0.0 X 0 0 0 ANNE E DE LA RENTA TRUSTEE 2.0 0.0 X 0 0 0 HRH PRINCESS FIRYAL TRUSTEE 1.0 0.0 X 0 0 0 HENRY LOUIS GATES JR TRUSTEE 1.0 0.0 X 0 0 0 WILLIAM GRAY TRUSTEE 3.0 0.0 X 0 0 0 LOUISE L GRUNWALD TRUSTEE 1.0 0.0 X 0 0 0 JOHN B HESS TRUSTEE 1.0 0.0 X 0 0 0 ARTHUR KOENIG - BEGAN 515 TRUSTEE 1.0 0.0 X 0 0 0 ELIZABETH KOJIMA TRUSTEE 1.0 0.0 X 0 0 0 JANE LAUDER - BEGAN 515 TRUSTEE 1.0 0.0 X 0 0 0 ROBERT LIBERMAN TRUSTEE 5.0 0.0 X 0 0 0 SCOTT D MALKIN TRUSTEE 3.0 0.0 X 0 0 0 CAREY MALONEY - BEGAN 1114 REP OF SPKR OF CITY COUNCIL 2.0 0.0 X 0 0 0 VICTOR MARRERO TRUSTEE 2.0 0.0 X 0 0 0 CATHERINE C MARRON TRUSTEE 1.0 0.0 X 0 0 0 Anthony W Marx TRUSTEE, PRESIDENT AND CEO 40.0 0.0 X X 721387 0 80806 HAROLD W MCGRAW III TRUSTEE 1.0 0.0 X 0 0 0 RAYMOND J MCGUIRE TRUSTEE 2.0 0.0 X 0 0 0 LEIGH M MILLER REP OF COMPTROLLER 1.0 0.0 X 0 0 0 ABBY S MILSTEIN TRUSTEE, VICE CHAIRMAN 6.0 0.0 X X 0 0 0 SUSAN B MOORE MORGENTHAU TRUSTEE 3.0 0.0 X 0 0 0 JESSYE NORMAN TRUSTEE 1.0 0.0 X 0 0 0 CHARLES PHILLIPS - BEGAN 515 TRUSTEE 1.0 0.0 X 0 0 0 RICHARD L PLEPLER TRUSTEE 1.0 0.0 X 0 0 0 KATHARINE J RAYNER TRUSTEE 1.0 0.0 X 0 0 0 DAVID REMNICK TRUSTEE 1.0 0.0 X 0 0 0 ELIZABETH ROHATHYN FOUNDATION TRUSTEE 1.0 0.0 X 0 0 0 MARSHALL ROSE FOUNDATION TRUSTEE 2.0 0.0 X 0 0 0 NEIL L RUDENSTINE - END 1114 FNDN TTEE (CHAIR THRU 11/14) 2.0 0.0 X X 0 0 0 STEPHEN A SCHWARZMAN TRUSTEE 1.0 0.0 X 0 0 0 DINAKAR SINGH TRUSTEE 5.0 0.0 X 0 0 0 GAYFRYD STEINBERG TRUSTEE 1.0 0.0 X 0 0 0 JOSHUA L STEINER TRUSTEE 1.0 0.0 X 0 0 0 GEORGE STEPHANOPOULOS TRUSTEE 1.0 0.0 X 0 0 0 JAMES S TISCH TRUSTEE 2.0 0.0 X 0 0 0 LUIS A UBINAS TRUSTEE 3.0 0.0 X 0 0 0 EDGAR WACHENHEIM III FOUNDATION TRUSTEE 2.0 0.0 X 0 0 0 MAYOR OF THE CITY OF NY EX-OFFICIO TRUSTEE 0.0 0.0 X 0 0 0 JANE ABOYOUN CHIEF TECHNOLOGY OFFICER 35.0 0.0 X 292125 0 77048 JACQUELINE F BAUSCH VP, DEP GEN COUNSEL & ASST SEC 35.0 0.0 X 252009 0 162959 RYAN D CAIRNS VP FOR DEVELOPMENT-EFF. 9/14 35.0 0.0 X 208240 0 58880 TODD M CORBIN CHIEF INVESTMENT OFFICER 35.0 0.0 X 494156 0 74027 ANNE L CORISTON - End 215 VP FOR PUBLIC SVC THRU 10/14 35.0 0.0 X 250520 0 139649 RISA HONIG - BEGAN 415 VP CAPITAL PLAN & CONSTRUCTION 35.0 0.0 X 0 0 0 MARY LEE KENNEDY CHIEF LIBRARY OFFICER 35.0 0.0 X 354576 0 37159 MICHELE COLEMAN MAYES VP, GEN COUNSEL & SECRETARY 35.0 0.0 X 330609 0 24605 GEORGE D MIHALTSES VP FOR GOV & COMM AFFAIRS 35.0 0.0 X 176485 0 56912 JOANNA M PESTKA - End 115 VP CAPITAL PLAN & CONSTRUCTION 35.0 0.0 X 220841 0 308099 CARL PFORZHEIMER III ACTING CFO & TREAS. THRU 9/14 2.0 0.0 X 0 0 0 CHRISTOPHER D PLATT VP FOR PUBLIC SVC - EFF. 10/14 35.0 0.0 X 208220 0 113486 JEFFREY ROTH VP, FINANCE & ASST TREASURER 35.0 0.0 X 255147 0 95256 LOUISE SHEA VP FOR HUMAN RESOURCES 35.0 0.0 X 285966 0 81902 ANN D THORNTON - End 515 ANDREW W MELLON DIR NY PUB LIB 35.0 0.0 X 235045 0 117553 KENNETH N WEINE VP FOR COMM & MARKETING 35.0 0.0 X 262698 0 58193 IRIS WEINSHALL - BEGAN 914 COO, CFO & TREASURER 35.0 0.0 X 113923 0 13029 CARRIE WELCH - BEGAN 1014 CHIEF EXTERNAL RELATIONS OFCR 35.0 0.0 X 70573 0 9414 JANKIE BEHARRY CONTROLLER 35.0 0.0 X 193736 0 71817 JACQUELINE Z DAVIS DIRECTOR, NYPL PERFORMING ARTS 35.0 0.0 X 193386 0 82943 KRISTIN MCDONOUGH DIRECTOR, SIBL 35.0 0.0 X 194800 0 105538 KHALIL GIBRAN MUHAMMAD DIRECTOR, THE SCHOMBURG CENTER 35.0 0.0 X 210078 0 52266 JEAN STROUSE DIRECTOR, SCHOLARS/WRITERS CEN 35.0 0.0 X 237618 0 78011 DAVID G OFFENSEND - End 414 COO, CFO & TREASURER 35.0 0.0 X 105029 0 99875 JAMES PISANIELLO - End 414 VP FACILITIES OPS & SECURITY 35.0 0.0 X 127214 0 1760 JENNIFER ZASLOW - End 514 VP FOR DEVELOPMENT 35.0 0.0 X 116894 0 -61807 6111275 0 1939380 131 true true false SPARTAN SECURITY SERVICES INC ONE PARK AVENUE NEW YORK NY 10016 SECURITY 4146251 RESEARCH COLLECTIONS PRESERVATION 701 CARNEGIE CENTER PRINCETON NJ 08540 PRESERV & CONSTRUC 1844720 CLANCY MOVING SYSTEMS INC 2963 ROUTE 22 PATTERSON NJ 12563 STORAGE & RETRIEVAL 1472992 DONNELLY MECHANICAL CORP 96-59 222ND STREET QUEENS VILLAGE NY 11429 HVAC SERVICES 1026553 THE LUKENS COMPANY INC 2800 SHIRLINGTON ROAD ARLINGTON VA 22206 FUNDRAISING 982002 76 X 4452780 175409689 42551804 2532098 222414273 FINES AND FEES 900099 2362147 2362147 TICKET SALES 900099 194060 194060 PHOTOCOPY, MICROFILM 519100 182841 182841 INFORMATION SERVICES 519100 24983 24983 2764031 14388477 -321188 14709665 0 167048 167048 54082 54082 0 54082 54082 192235962 259521909 176414230 117401054 15821732 142120855 157942587 739053 157203534 258035 4452780 341965 -83930 -83930 0 3398200 3391966 6234 -25038 31272 FEE - USE OF SPACE 532000 3096367 405654 2690713 UNIVERSAL SERVICES REIMBURSEMENT 900099 1933634 1933634 PUBLICATIONS 519100 284743 284743 820046 820046 6134790 403787592 3843782 854791 176674746 659348 659348 1377710 1377710 0 0 6420651 2368020 3360702 691929 0 117231622 103499866 10344089 3387667 19374736 16967387 1819636 587713 30755036 26525179 3229351 1000506 9308224 7998003 1004131 306090 0 651137 644678 6459 468305 468305 60000 60000 1258175 1258175 10180877 10180877 11211672 9344925 1222441 644306 2148933 700854 287624 1160455 8816101 8366440 329650 120011 4448318 3988477 390585 69256 0 22618294 21865864 508445 243985 444834 385846 29554 29434 0 442677 374395 66421 1861 4353512 3843511 356771 153230 0 23684855 22930989 527926 225940 2029596 1835614 190754 3228 BOOKS AND BINDING 27840125 27840125 BUILDING REPAIRS& RENOVATIONS 1569535 1431807 117855 19873 AUTO LEASES,REPAIRS&SUPPLIES 522375 522375 UNRELATED BUSINESS INC TAX 48582 48582 2610690 2076666 467380 66644 310535920 264903401 35655757 9976762 55508 59262 52022010 45276537 80518163 62064524 7380738 18535151 0 0 0 0 0 0 187812 212422 2041325 2270078 690025846 343871751 284948262 346154095 292326061 354281991 860542792 895636276 0 0 0 0 12201652 5342063 1592224323 1729832399 75649724 84830920 0 0 59495191 2342016 76000002 0 0 0 0 0 0 0 0 629833 184312934 285160976 395457851 372963745 X 400801670 557297883 357094777 356542690 438870025 443028081 1196766472 1356868654 1592224323 1729832399 X 93251672 -8136345 89551128 -14564273 X false true X true true true X 48643420 77619561 82957617 48470335 47004584 304695517 164409329 163797431 167064834 168560846 175409689 839242129 8049019 22599960 9160545 17576071 8867089 66252684 221101768 264016952 259182996 234607252 231281362 1210190330 0 1210190330 8989717 10944174 14539086 13846802 14609607 62929386 478122 541221 699087 431506 2149936 4134478 4995857 5356300 4703762 4624348 23814745 1299084397 33462684 0.93157 0.93980 X Other Income SCHEDULE A, PART II, SECTION B, LINE 10 REPORTED IN THIS SECTION IS OTHER INCOME RELATING TO REVENUE GENERATED BY ACTIVITIES SUCH AS FEES FOR FACILITY USAGE AND REIMBURSEMENT UNDER THE UNIVERSAL SERVICES PROGRAM TO PROVIDE DISCOUNTS ON TELECOMMUNICATION EXPENSES TO ALLOW LIBRARIES AND EDUCATIONAL INSTITUTIONS TO PURCHASE ADVANCED TECHNOLOGIES. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED true true false true 25781 false false true 77342 false false 103123 false LOBBYING ACTIVITY SCHEDULE C, PART II-B VOLUNTEERS: THE LIBRARY WORKS DIRECTLY WITH LOCAL VOLUNTEERS WHO ENCOURAGE THEIR ELECTED OFFICIALS TO SUPPORT THE LIBRARYS BUDGET GOALS. PAID STAFF OR MANAGEMENT: THE LIBRARY UTILIZES ON A LIMITED BASIS, THREE OFFICERS TO WORK WITH ELECTED OFFICIALS AT THE FEDERAL, STATE AND CITY LEVELS ON LIBRARY RELATED FUNDING ISSUES AND LEGISLATION. MAILINGS TO MEMBERS, LEGISLATORS OR THE PUBLIC: THE LIBRARY PREPARES MAILINGS TO ELECTED OFFICIALS AT ALL THREE LEVELS OF GOVERNMENT REGARDING FUNDING ISSUES AND LEGISLATION. DIRECT CONTACT WITH LEGISLATORS, THEIR STAFF, GOVERNMENT OFFICIALS, OR A LEGISLATIVE BODY: THE LIBRARYS IN-HOUSE GOVERNMENT RELATIONS STAFF, WITH THE ASSISTANCE OF LOBBYISTS, MEET ELECTED AND APPOINTED GOVERNMENT OFFICIALS AND THEIR STAFF ON LIBRARY-RELATED FUNDING ISSUES AND LEGISLATION. 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THESE COLLECTIONS ARE MAINTAINED BY THE RESEARCH LIBRARIES UNDER CURATORIAL CARE AND ARE HELD FOR RESEARCH, EDUCATION AND PUBLIC EXHIBITION IN FURTHERANCE OF PUBLIC SERVICE. PROCEEDS FROM THE SALES OF COLLECTIONS ARE USED TO ACQUIRE OTHER ITEMS FOR COLLECTIONS. THE COST OF COLLECTIONS PURCHASED BY THE LIBRARY FOR THE RESEARCH LIBRARIES IS CHARGED TO EXPENSE WHEN INCURRED AND DONATED COLLECTION ITEMS ARE NOT RECORDED. THE VALUE OF THE LIBRARY'S RESEARCH COLLECTIONS CANNOT BE DETERMINED. THE COST OF BOOKS AND OTHER LIBRARY MATERIALS PURCHASED BY THE BRANCH LIBRARIES IS NOT RECORDED AS COLLECTIONS, BUT IS CHARGED AS A LIBRARY SERVICES EXPENSE IN THE YEAR PURCHASED BECAUSE, LARGELY BY REASON OF THEIR FREQUENT USE, SUCH ITEMS ARE EXHAUSTIBLE OVER A SHORT PERIOD OF TIME. INTENDED USES OF THE ORGANIZATIONS ENDOWMENT FUNDS SCHEDULE D, PART V, LINE 4 THE LIBRARY'S ENDOWMENT CONSISTS OF 418 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES, INCLUDING BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS. NET ASSETS ASSOCIATED WITH THE ENDOWMENT FUNDS ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. THE ENDOWMENT FUNDS SUPPORT THE FOLLOWING PROGRAM ACTIVITIES: *BRANCH LIBRARIES *RESEARCH LIBRARIES *CONSERVATION AND CATALOGING *EXHIBITIONS AND PUBLIC EDUCATION PROGRAMS *OTHER - PRINCIPALLY, FOR THE GENERAL OPERATIONS OF THE RESEARCH LIBRARIES AND LIBRARY-WIDE PROGRAMS ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES SCHEDULE D, PART X, LINE 2 THE LIBRARY PRESCRIBES TO A THRESHOLD OF MORE LIKELY THAN NOT FOR RECOGNITION AND DERECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. AS OF JUNE 30, 2015, THE LIBRARY DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS OR ANY UNRELATED BUSINESS INCOME TAX LIABILITY WHICH WOULD HAVE A MATERIAL IMPACT UPON ITS FINANCIAL STATEMENTS. RECONCILIATION OF REVENUE PER AUDITED FINANCIAL STATEMENTS TO FORM 990 SCHEDULE D, PART XI, LINE 2D OTHER POSTRETIREMENT BENEFITS CHANGES OTHER THAN NET PERIODIC BENEFIT COST $(15,151,755) LOSS ON EXTINGUISHMENT OF DEBT $ (438,322) GAIN ON INTEREST RATE AGREEMENTS $ 1,025,804 -------------- $(14,564,273) RECONCILIATION OF REVENUE PER AUDITED FINANCIAL STATEMENTS TO FORM 990 SCHEDULE D, PART XI, LINE 4B - OTHER LABOR COSTS AND OTHER EXPENSES RELATED TO UNRELATED BUSINESS USE OF SPACE $ (246,911) LABOR COSTS AND OTHER EXPENSES ALLOCATED TO COST OF GOODS SOLD $(1,625,011) -------------- $(1,871,922) PER THE ORGANIZATIONS ACCOUNTING PRACTICES, EXPENSES RELATED TO SPECIAL EVENTS (DIRECT BENEFITS TO DONORS) ARE NETTED WITH REVENUE FROM SPECIAL EVENTS FOR FINANCIAL STATEMENT PRESENTATION. THESE AMOUNTS ARE INCLUDED IN SCHEDULE D, PART XI, LINE 1. COST OF GOODS SOLD RELATED TO THE SALE OF INVENTORY IS ALSO NETTED WITH REVENUE FROM SALES OF INVENTORY FOR FINANCIAL STATEMENT PRESENTATION. THESE AMOUNTS ARE INCLUDED IN SCHEDULE D, PART XI, LINE 1. RECONCILIATION OF EXPENSES PER AUDITED FINANCIAL STATEMENTS to form 990 SCHEDULE D, PART XII, LINE 2D - OTHER LABOR COSTS AND OTHER EXPENSES RELAED TO UNRELATED BUSINESS USE OF SPACE $ 246,911 LABOR COSTS AND OTHER EXPENSES ALLOCATED TO COST OF GOODS SOLD $1,625,011 ------------ $1,871,922 PER THE ORGANIZATIONS ACCOUNTING PRACTICES, EXPENSES RELATED TO SPECIAL EVENTS (DIRECT BENEFITS TO DONORS) ARE NETTED WITH REVENUE FROM SPECIAL EVENTS FOR FINANCIAL STATEMENT PRESENTATION. THESE AMOUNTS ARE NOT INCLUDED IN SCHEDULE D, PART XII, LINE 1. COST OF GOODS SOLD RELATED TO THE SALE OF INVENTORY IS ALSO NETTED WITH REVENUE FROM SALES OF INVENTORY FOR FINANCIAL STATEMENT PRESENTATION. THESE AMOUNTS ARE NOT INCLUDED IN SCHEDULE D, PART XII, LINE 1. Central America and the Caribbean Investments 71350762 North America Investments 2049137 73399899 73399899 true false true true true false X X X X X X X true THE LUKENS COMPANY INC SEE PART IV false 2090732 1032921 1057811 MR STRATEGIC SERVICES INC SEE PART IV false 1563447 225254 1338193 3654179 1258175 2396004 AK CA CT HI IL KS KY LA ME MD MA MI MN MS NH NJ NM NC ND OH OK OR PA SC TN UT VA WA WV WI LIBRARY LIONS 2283425 2195275 88150 94313 CORP DINNER 1104690 1059890 44800 47422 4 1322700 1197615 125085 200230 4710815 4452780 258035 341965 341965 -83930 FUNDRAISING ACTIVITIES FORM 990, PART IX, COLUMN (D) AND SCHEDULE G, PART I THE LIBRARY IS CONTINUALLY WORKING TO ASSESS CURRENT AND LONG-TERM FUNDRAISING GOALS, AND STRIVES DILIGENTLY TO ALLOCATE RESOURCES TO MEET THOSE GOALS. DUE TO THE NATURE OF PLANNED GIVING AND OTHER LONG-TERM FUNDRAISING ACTIVITIES, RESOURCE ALLOCATION AND CONTRIBUTION REVENUE ARE OFTEN REPORTED IN SEPARATE TIME PERIODS. THE LIBRARY'S FUNDRAISING AND MEMBERSHIP DEVELOPMENT ACTIVITIES INCLUDE WORKING WITH PROGRAM STAFF TO DEVELOP STATEMENTS OF NEED FOR PRIVATE FUNDRAISING, INCLUDING ENDOWMENT AND CAPITAL CONTRIBUTIONS; SOLICITING CONTRIBUTIONS FOR THOSE NEEDS AND FOR THE ANNUAL FUND FROM INDIVIDUALS, CORPORATIONS AND FOUNDATIONS; CONDUCTING OUTREACH EFFORTS TO SECURE MEMBERSHIP CONTRIBUTIONS AND CREATE AWARENESS OF THE LIBRARY AND ITS PROGRAMS; AND CONDUCTING SPECIAL FUNDRAISING EVENTS. ACTIVITIES CONDUCTED BY PROFESSIONAL FUNDRAISERS SCHEDULE G, PART I, LINE 2B(II) *THE LUKENS COMPANY, INC. IS A FULL-SERVICE MARKETING AGENCY THAT WORKS ON THE LIBRARY'S DIRECT MAIL FUNDRAISING PROGRAMS. IT COLLABORATES ON ANNUAL PLANNING AND BUDGETING, DEVELOPS CREATIVE CAMPAIGNS AND MANAGES ALL PRODUCTION AND MAILING SERVICE LISTS FOR THE PROGRAMS. IN ADDITION, IT MONITORS DIRECT MAIL PROGRAM RETURNS AND PROVIDES ANALYSIS TO SUPPORT STRATEGIC DECISIONS. *M+R STRATEGIC SERVICES, INC. IS AN ONLINE STRATEGIC CONSULTING AGENCY THAT WORKS ON THE LIBRARY'S ONLINE AND EMAIL FUNDRAISING CAMPAIGNS, AS WELL AS DIGITAL ENGAGEMENT CAMPAIGNS. IT COLLABORATES ON ANNUAL PLANNING AND BUDGETING, DEVELOPS CREATIVE CAMPAIGNS AND PROVIDES TECHNICAL ASSISTANCE. IN ADDITION, IT MONITORS RESULTS AND PROVIDES ANALYSIS TO SUPPORT STRATEGIC DECISIONS. true BROOKLYN PUBLIC LIBRARY 10 GRAND ARMY PLAZA BROOKLYN NY 11238 111904261 501 (C)(3) 341257 SEE PART IV QUEENS BOROUGH PUBLIC LIBRARY 89-11 MERRICK BLVD JAMAICA NY 11432 111904262 501 (C)(3) 218091 SEE PART IV MAINE STATE LIBRARY 64 STATE HOUSE STATION AUGUSTA ME 04333 451204046 115 50000 SEE PART IV STATE LIBRARY OF KANSAS 300 SW 10TH Ave 343N TOPEKA KS 66612 481124839 115 50000 SEE PART IV 4 0 FELLOWSHIP GRANTS 44 1357499 MAGIC GRANTS 30 20211 DESCRIPTION OF ORGANIZATIONS PROCEDURES FOR MONITORING THE USE OF GRANTS SCHEDULE I, PART I, LINE 2 GRANTS TO ORGANIZATIONS THE LIBRARY PROVIDED GRANTS TO FOUR ORGANIZATIONS UNDER A PILOT PROJECT TO PROVIDE INTERNET ACCESS AT HOME FOR LOW-INCOME INDIVIDUALS AND FAMILIES WITH LIMITED BROADBAND ACCESS BY MEANS OF LENDING PORTABLE INTERNET WIFI DEVICES (WHICH USE CELLULAR NETWORKS TO CREATE PERSONAL BROADBAND INTERNET HOTSPOT), THEREBY PROVIDING BROADBAND INTERNET ACCESS ALONG WITH ENHANCED EDUCATION AND TRAINING INITIATIVES. THE ORGANIZATIONS FINANCIALLY RECONCILE THEIR ACCOUNTS FOR THIS PROJECT AND REPORT STATUS OF THE SUBGRANT FUNDS TO THE LIBRARY. ANY FUNDS NOT EXPENDED BEFORE THE END OF THE TERM MUST BE RETURNED TO THE LIBRARY. THE ORGANIZATIONS ALSO SHARE USAGE INFORMATION AND METRICS WITH THE LIBRARY. GRANTS TO INDIVIDUALS THE LIBRARY HAS FOUR SEPARATE FELLOWSHIP PROGRAMS: THE DOROTHY AND LEWIS B. CULLMAN CENTER FOR SCHOLARS AND WRITERS, LOCATED IN THE STEPHEN A. SCHWARZMAN BUILDING, AND THE SCHOLARS-IN-RESIDENCE PROGRAM AT THE SCHOMBURG CENTER FOR RESEARCH IN BLACK CULTURE. THE PROGRAMS CONNECT FELLOWS WITH THE RESOURCES OF THE LIBRARY; PROMOTE INTERPRETIVE AND CREATIVE SCHOLARSHIP AND WRITING; AND INVITE FELLOWS TO PRESENT THEIR WORK TO THE GENERAL PUBLIC IN PAPERS, SYMPOSIA, CONVERSATIONS, AND LECTURES. EACH SPRING, THE CULLMAN CENTER PLACES AN ADVERTISEMENT IN THE NEW YORK REVIEW OF BOOKS ANNOUNCING THAT APPLICATIONS ARE DUE IN LATE SEPTEMBER. OTHER ANNOUNCEMENTS ABOUT THE PROGRAMS ARE POSTED ON THE LIBRARY'S WEBSITE. CULLMAN CENTER FELLOWSHIPS AT THE STEPHEN A. SCHWARZMAN BUILDING ARE OPEN TO APPLICANTS IN THE HUMANITIES AND SOCIAL SCIENCES, INCLUDING ACADEMICS, INDEPENDENT SCHOLARS, CREATIVE WRITERS, AND VISUAL ARTISTS WHO ARE WORKING ON BOOKS. THE CENTERS FELLOWSHIP COMPETITION HAS TWO STAGES: FIRST, REVIEWERS WHO ARE EXPERTS IN EACH FIELD READ THE APPLICATIONS AND PROVIDE COMMENTS, SCORES, AND RANKINGS. THEN A SEVEN-PERSON SELECTION COMMITTEE REVIEWS THE FINALIST APPLICATIONS AND CHOOSES THE CLASS OF FELLOWS. FELLOWSHIPS IN THE SCHOLARS-IN-RESIDENCE PROGRAM AT THE SCHOMBURG CENTER ARE OPEN TO ACADEMICS AND INDEPENDENT SCHOLARS. THE SCHOMBURG CENTER'S SELECTION COMMITTEE REVIEWS THE APPLICATIONS AND SELECTS THE FELLOWS. THE SELECTION COMMITTEE IS COMPRISED OF FIVE EXTERNAL REVIEWERS WHO SERVE UNDER THE DIRECTION OF THE PROGRAM DIRECTOR. FOR BOTH CENTERS, THE CRITERIA FOR SELECTION INCLUDE: (1) THE NEED OF THE PROPOSED PROJECT FOR THE RESEARCH HOLDINGS OF THE LIBRARY. (2) THE QUALITY AND FEASIBILITY OF THE PROJECT PLAN. (3) THE LIKELIHOOD THAT THE PROJECT WILL BE COMPLETED SUCCESSFULLY. (4) EXCELLENCE, AS SHOWN EITHER IN: - A RECORD OF SIGNIFICANT ACCOMPLISHMENT BY AN APPLICANT ESTABLISHED IN HIS OR HER FIELD, OR - A HIGHLY PROMISING PROPOSAL BY AN APPLICANT. (5) LETTERS OF RECOMMENDATION FROM OTHER SCHOLARS OR WRITERS IN SUPPORT OF THE PROJECT. FELLOWS ARE IN RESIDENCE AT THE LIBRARY FOR THE ACADEMIC YEAR FOLLOWING THEIR SELECTION. WHEN THEY FINISH THE BOOKS THEY WORKED ON AT THE LIBRARY, THEY SEND COPIES TO THE DIRECTORS OF THE PROGRAMS. FOR MANY OF THESE BOOKS AND WRITERS, THE CULLMAN CENTER AND THE SCHOMBURG CENTER SPONSOR PUBLIC PROGRAMS THAT HIGHLIGHT AND DISCUSS THE FELLOWS BOOKS. MAGIC GRANTS UNDER THE BRIDGEUP PROGRAM FOR INDIVIDUAL SCHOLARS ARE USED TO DEFRAY, OR COVER IN FULL, THE COSTS ASSOCIATED WITH THE SCHOLARS ENROLLMENT IN ACTIVITIES AND/OR PROGRAMS THAT SERVES TO ENHANCE THE SCHOLARS OVERALL EDUCATIONAL/LEARNING EXPERIENCE. UPON ENROLLING IN BRIDGEUP, SCHOLARS AND FAMILIES ARE INFORMED THAT EACH STUDENT WHO REGULARLY ATTENDS AND ACTIVELY PARTICIPATES IN BRIDGEUP, WOULD HAVE THE OPPORTUNITY TO APPLY FOR A MAGIC GRANT. AWARDS ARE DETERMINED BASED ON MAGIC GRANT APPLICATION / PROPOSAL WITH ADDITIONAL CONSIDERATION GIVEN TO THE FOLLOWING FACTORS, ALL OF WHICH ARE MONITORED BY BRIDGEUP STAFF ON AN ONGOING BASIS: (1) SCHOLARS OVERALL ATTENDANCE AND COMMITMENT TO BRIDGEUP, (2) SCHOLARS OVERALL PARTICIPATION TO BRIDGEUP, AND (3) SCHOLARS OVERALL BEHAVIOR AS A BRIDGEUP PARTICIPANT. DISBURSEMENT OF THE FUNDING ARE APPLIED DIRECTLY TO THE ORGANIZATION, PROGRAM, OR SOURCE IDENTIFIED AS THE ENTITY THAT PROVIDES THE SCHOLAR WITH THE ACTIVITY, PROGRAM, CLASS, SUPPLIES, ETC. PURPOSE OF GRANTS TO ORGANIZATIONS SCHEDULE I, PART II, COLUMN (H) INTERNET LENDING TO LOW-INCOME INDIVIDUALS AND FAMILIES X X true true X X X X X true false false false false false false false false Anthony W Marx TRUSTEE, PRESIDENT AND CEO 498951 0 0 0 222436 0 45642 0 35164 0 802193 0 0 0 JANE ABOYOUN CHIEF TECHNOLOGY OFFICER 291609 0 0 0 516 0 49552 0 27496 0 369173 0 0 0 JACQUELINE F BAUSCH VP, DEP GEN COUNSEL & ASST SEC 251352 0 0 0 657 0 133515 0 29444 0 414968 0 0 0 RYAN D CAIRNS VP FOR DEVELOPMENT-EFF. 9/14 208008 0 0 0 232 0 47944 0 10936 0 267120 0 0 0 TODD M CORBIN CHIEF INVESTMENT OFFICER 493759 0 0 0 397 0 42490 0 31537 0 568183 0 0 0 ANNE L CORISTON - End 215 VP FOR PUBLIC SVC THRU 10/14 250184 0 0 0 336 0 124566 0 15083 0 390169 0 0 0 MARY LEE KENNEDY CHIEF LIBRARY OFFICER 309372 0 0 0 45204 0 25336 0 11823 0 391735 0 0 0 MICHELE COLEMAN MAYES VP, GEN COUNSEL & SECRETARY 327707 0 0 0 2902 0 10093 0 14512 0 355214 0 0 0 GEORGE D MIHALTSES VP FOR GOV & COMM AFFAIRS 176138 0 0 0 347 0 32209 0 24703 0 233397 0 0 0 JOANNA M PESTKA - End 115 VP CAPITAL PLAN & CONSTRUCTION 211868 0 0 0 8973 0 286070 0 22029 0 528940 0 0 0 CHRISTOPHER D PLATT VP FOR PUBLIC SVC - EFF. 10/14 207936 0 0 0 284 0 103261 0 10225 0 321706 0 0 0 JEFFREY ROTH VP, FINANCE & ASST TREASURER 254707 0 0 0 440 0 67308 0 27948 0 350403 0 0 0 LOUISE SHEA VP FOR HUMAN RESOURCES 285066 0 0 0 900 0 53893 0 28009 0 367868 0 0 0 ANN D THORNTON - End 515 ANDREW W MELLON DIR NY PUB LIB 217263 0 0 0 17782 0 83164 0 34389 0 352598 0 0 0 KENNETH N WEINE VP FOR COMM & MARKETING 262347 0 0 0 351 0 22021 0 36172 0 320891 0 0 0 JANKIE BEHARRY CONTROLLER 193675 0 0 0 61 0 41408 0 30409 0 265553 0 0 0 JACQUELINE Z DAVIS DIRECTOR, NYPL PERFORMING ARTS 193156 0 0 0 230 0 70313 0 12630 0 276329 0 0 0 KRISTIN MCDONOUGH DIRECTOR, SIBL 176541 0 0 0 18259 0 91347 0 14191 0 300338 0 0 0 KHALIL GIBRAN MUHAMMAD DIRECTOR, THE SCHOMBURG CENTER 209508 0 0 0 570 0 35093 0 17173 0 262344 0 0 0 JEAN STROUSE DIRECTOR, SCHOLARS/WRITERS CEN 237176 0 0 0 442 0 67813 0 10198 0 315629 0 0 0 DAVID G OFFENSEND - End 414 COO, CFO & TREASURER 95905 0 0 0 9124 0 91659 0 8216 0 204904 0 0 0 JAMES PISANIELLO - End 414 VP FACILITIES OPS & SECURITY 52792 0 0 0 74422 0 0 0 1760 0 128974 0 0 0 JENNIFER ZASLOW - End 514 VP FOR DEVELOPMENT 92627 0 0 0 24267 0 -73515 0 11708 0 55087 0 0 0 REIMBURSEMENT OF CERTAIN EXPENSES SCHEDULE J, PART I, LINE 1A THE LIBRARY REIMBURSES THE PRESIDENT FOR CLUB MEMBERSHIP DUES AND TUITION ALLOWANCES AS PER HIS EMPLOYMENT CONTRACT. IN ADDITION, THE LIBRARY PROVIDES A MONTHLY HOUSING ALLOWANCE TO THE PRESIDENT AS STIPULATED BY HIS EMPLOYMENT CONTRACT. SUCH AMOUNTS ARE TAXABLE COMPENSATION AND ARE INCLUDED IN OTHER REPORTABLE COMPENSATION ON SCHEDULE J, PART II, COLUMN (B) (III). SEVERANCE PAYMENT SCHEDULE J, PART I, LINE 4A JAMES PISANIELLO, FORMER VICE PRESIDENT FOR FACILITIES OPERATIONS AND SECURITY, SEPARATED ON APRIL 30, 2014 AND RECEIVED A SEVERANCE PAYMENT OF $63,125. OTHER REPORTABLE COMPENSATION SCHEDULE J, PART II, COLUMN B (III) OTHER REPORTABLE COMPENSATION IN COLUMN B (III) FOR CERTAIN LISTED EMPLOYEES INCLUDES AMOUNTS DEFERRED UNDER A SECTION 457 (B) PLAN AND CERTAIN IMPUTED INCOME AMOUNTS. OTHER REPORTABLE COMPENSATION ALSO INCLUDES ANY SEVERANCE PAYMENT NOTED IN PART I, LINE 4A AND ACCRUED BENEFIT PAYOUTS TO DAVID G. OFFENSEND AND JENNIER ZASLOW. IN ADDITION, OTHER REPORTABLE COMPENSATION INCLUDES RELOCATION STIPEND FOR MARY LEE KENNEDY. RETIREMENT AND OTHER DEFERRED COMPENSATION SCHEDULE J, PART II, COLUMN C RETIREMENT AND OTHER DEFERRED COMPENSATION REFLECTS THE CHANGE IN ACTUARIAL VALUE OF THE DEFINED BENEFIT PENSION PLAN, NEW YORK STATE AND LOCAL EMPLOYEES' RETIREMENT SYSTEM (NYSLRS), AND NOT THE LIBRARY'S ACTUAL CONTRIBUTION TO THE PLAN. THE CHANGE IN ACTUARIAL VALUE IS BASED ON NYSLRS FISCAL YEAR APRIL 1, 2014 THROUGH MARCH 31, 2015. OTHER COMPENSATION DETAILS SCHEDULE J, PART II COMPENSATION OF THE CHIEF OPERATING OFFICER, CHIEF FINANCIAL OFFICER AND TREASURER AND CHIEF EXTERNAL RELATIONS OFFICER: IRIS WEINSHALL, CHIEF OPERATING OFFICER, CHIEF FINANCIAL OFFICER AND TREASURER, AND CARRIE WELCH, CHIEF EXTERNAL RELATIONS OFFICER, BEGAN WORKING AT THE LIBRARY IN SEPTEMBER 2014 AND OCTOBER 2014, RESPECTIVELY. THEREFORE, CALENDAR YEAR 2014 COMPENSATION REFLECTS APPROXIMATELY 4 AND 3 MONTHS OF SERVICE, RESPECTIVELY. COMPENSATION OF THE VICE PRESIDENT FOR CAPITAL PLANNING AND CONSTRUCTION: RISA HONIG, VICE PRESIDENT FOR CAPITAL PLANNING AND CONSTRUCTION, BEGAN WORKING AT THE LIBRARY IN APRIL 2015, AS SUCH, NO COMPENSATION HAS BEEN EARNED OR REPORTED FOR CALENDAR YEAR 2014. X 56 N/A X N/A X 52 2532098 MARKET PRICE 5 false true false REVENUE NOT REPORTED FOR CONTRIBUTED PROPERTY SCHEDULE M, PART I, LINE 33 DONATED COLLECTION ITEMS ARE NOT RECORDED. REFER TO SCHEDULE D, PART III, LINE 1A. volunteers FORM 990, PART I, LINE 6 VOLUNTEERS PLAY A VITAL ROLE AT THE LIBRARY. BY DONATING THEIR TIME, TALENT AND SKILLS, THEY SUPPORT AND ENHANCE THE LIBRARY'S PROGRAMS, SERVICES AND MISSION WHILE SHARING THEIR ASSISTANCE AND ENTHUSIASM WITH STAFF AND VISITORS. SUBJECT TO APPLICANTS' QUALIFICATIONS AND INTERESTS, VOLUNTEER POSITIONS MAY BE AVAILABLE IN DEPARTMENTS SUCH AS: INFORMATION DESKS, LIBRARY SHOP, LIVE@NYPL, TOURS, TEACHING ENGLISH FOR SPEAKERS OF OTHER LANGUAGES, LITERACY TUTORING, HELPING WITH CRAFT CLASSES FOR CHILDREN, TEACHING KNITTING OR CHESS, OR DOING READ-ALOUDS FOR CHILDREN. SOME VOLUNTEERS ASSIST WITH GENERAL OFFICE, PHONE WORK AND ESPECIALLY, SHELVING BOOKS AND/OR HELPING TO MAINTAIN ORDERLY SHELVES. program services FORM 990, PART III, LINE 4 LINE 4A - THE BRANCH LIBRARIES THE SERVICES OF THE 88 BRANCH LIBRARIES EXTEND FAR BEYOND THE TRADITIONAL LENDING ROLE USUALLY ASSOCIATED WITH NEIGHBORHOOD LIBRARIES, TO PROVIDE VITAL OUTREACH SERVICES AND PROGRAMS TO SCHOOLS, NURSING HOMES, HOSPITALS, SHELTERS AND PRISONS, AND TO THE BLIND AND PHYSICALLY HANDICAPPED, INCLUDING BOOK-BY-MAIL DELIVERIES TO THE HOMEBOUND. IN FISCAL 2015, THERE WERE 14.0 MILLION VISITS TO THE BRANCH LIBRARIES BY INDIVIDUALS WHO BORROWED 23.3 MILLION ITEMS. THE BRANCH LIBRARIES SPONSORED 77,823 PROGRAMS, ATTENDED BY 1,443,213 ADULTS AND CHILDREN. COLLECTIONS INCLUDE 5.5 MILLION BOOKS AND 1.1 MILLION NONPRINT ITEMS SUCH AS FILMS, VIDEOTAPES, PICTURES, AUDIO RECORDINGS AND MATERIALS FOR THE BLIND. REFERENCE INQUIRIES TOTALED 9.1 MILLION AND DIRECTIONAL INQUIRIES WERE APPROXIMATELY 4.4 MILLION. program services LINE 4B - THE RESEARCH LIBRARIES DURING FISCAL 2015, THE FOUR RESEARCH LIBRARIES - THE STEPHEN A. SCHWARZMAN BUILDING; THE SCIENCE, INDUSTRY AND BUSINESS LIBRARY; THE SCHOMBURG CENTER FOR RESEARCH IN BLACK CULTURE; AND THE LIBRARY FOR PERFORMING ARTS - HAD 3.7 MILLION ON-SITE USERS. LIBRARY STAFF RESPONDED TO 308,336 REFERENCE INQUIRIES. OF 45.2 MILLION COLLECTION ITEMS, APPROXIMATELY 16.7 MILLION ARE BOOKS AND BOOK-LIKE MATERIALS, AND THE REMAINDER CONSISTS OF ITEMS SUCH AS AUDIO RECORDINGS, FILMS, MAPS, SHEET MUSIC, PRINTS, AND CLIPPINGS. THE RESEARCH LIBRARIES HAVE AN EXTENSIVE CONSERVATION AND PRESERVATION PROGRAM: THROUGH RESTORATION, PRESERVATION, MICROFILMING AND REPRINT, 71,278 ITEMS WERE PRESERVED. IN ADDITION, ABOUT 2,004 HOURS OF VIDEO TAPE MEDIA, 6,404 HOURS OF RECORDED SOUND MEDIA, AND 13,265 FEET OF MOTION PICTURE FILM WERE PRESERVED. AS PART OF THE LIBRARY'S RICH PUBLIC EDUCATION PROGRAM, 30 MAJOR EXHIBITIONS WERE MOUNTED AT THE FOUR LIBRARIES, AND A NUMBER OF SMALLER DISPLAYS WERE ON VIEW ALL YEAR. EMINENT SCIENTISTS, SCHOLARS AND WRITERS PARTICIPATED IN LECTURES, PANEL DISCUSSIONS, AND RECITALS, FURTHERING THE LIBRARY'S EFFORTS TO MAKE AVAILABLE TO THE PUBLIC A SERIES OF EDUCATIONAL AND CULTURAL PROGRAMS OF THE HIGHEST QUALITY. relationships FORM 990, PART VI, LINE 2 *TRUSTEE, DINAKAR SINGH AND TRUSTEE, ELIZABETH KOJIMA - BUSINESS RELATIONSHIP *TRUSTEE, LOUISE L. GRUNWALD AND TRUSTEE, ROBERT LIBERMAN - FAMILY RELATIONSHIP *TRUSTEE, MAHNAZ ISPAHANI BARTOS AND TRUSTEE, EDGAR WACHENHEIM III - BUSINESS RELATIONSHIP *TRUSTEE, JAMES S. TISCH AND TRUSTEE, EDGAR WACHENHEIM III - BUSINESS RELATIONSHIP review of form 990 FORM 990, PART VI, LINE 11B THE LIBRARY'S FORM 990 IS PREPARED AND REVIEWED BY AN INDEPENDENT ACCOUNTING FIRM USING INFORMATION PROVIDED BY THE LIBRARY. THE DRAFT FORM 990 IS REVIEWED BY CERTAIN OFFICERS AND KEY EMPLOYEES. AS REQUIRED BY THE CHARTER OF THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES, THE FORM 990 IS THEN SENT TO THE MEMBERS OF THE AUDIT COMMITTEE FOR THEIR REVIEW WITH MANAGEMENT AT A SCHEDULED AUDIT COMMITTEE MEETING PRIOR TO FILING. FINALLY AND ALSO PRIOR TO FILING, THE FORM 990 IS SENT TO THE MEMBERS OF THE BOARD OF TRUSTEES FOR REVIEW. CONFLICT OF INTEREST POLICY FORM 990, PART VI, LINE 12C PROPOSED CANDIDATES FOR TRUSTEES, OFFICERS AND KEY EMPLOYEE POSITIONS ARE PROVIDED WITH A COPY OF THE POLICY STATEMENT AND QUESTIONNAIRE, AND MUST DISCLOSE ANY POTENTIAL CONFLICTS IN ADVANCE OF ELECTION OR APPOINTMENT. EACH TRUSTEE, OFFICER, AND KEY EMPLOYEE IS PROVIDED WITH A COPY OF THE POLICY ON AN ANNUAL BASIS. UPON RECEIPT, EACH SUCH TRUSTEE, OFFICER, AND KEY EMPLOYEE IS REQUIRED TO PROMPTLY COMPLETE, SIGN, AND RETURN THE CONFLICT OF INTEREST ANNUAL STATEMENT AND ANNUAL QUESTIONNAIRE. Each Conflict Of Interest Statement And Annual Questionnaire Is Reviewed And Evaluated In Accordance With The Policy For Any Actual And/Or Potential Conflict Of Interest. A Trustee, Officer Or Key Employee Shall Not Vote On, Approve Or Recommend Any Transaction In Which He Or She Or Any Member Of His Or Her Family Has Any Actual Or Potential Conflict Of Interest. If The Trustee, Officer Or Key Employee Is Present At A Meeting Of The Board Or Any Committee At Which Such Matter Is Considered, The Trustee, Officer, Or Key Employee Shall Leave The Meeting During Any Discussions Or Vote Relating To Such Matter. Prior To Approval, The Audit Committee Or The Board Must Determine That The Transaction Is Fair, Reasonable And In The Library's Best Interest, And If A Trustee, Officer Or Key Employee Has A "Substantial Financial Interest", Must Consider Alternative Transactions To The Extent Available. compensation review and approval FORM 990, PART VI, LINES 15A & 15B THE COMPENSATION AND TALENT DEVELOPMENT COMMITTEE OF THE BOARD OF TRUSTEES MEETS AT LEAST THREE TIMES A YEAR TO REVIEW THE COMPENSATION OF THE PRESIDENT, OFFICERS AND KEY EMPLOYEES OF THE LIBRARY, AS RECORDED CONTEMPORANEOUSLY IN THE MINUTES. THE LIBRARY REGULARLY CONSULTS COMPETITIVE DATA INCLUDING PUBLISHED SURVEYS AND FORM 990 DATA WHEN REVIEWING AND MAKING COMPENSATION AND SALARY ADJUSTMENTS. IN ADDITION, THE LIBRARY RETAINS THE SERVICES OF AN INDEPENDENT CONSULTING FIRM TO SURVEY EXECUTIVE COMPENSATION AMONG PEER ORGANIZATIONS TO PRESENT TO THE COMPENSATION AND TALENT DEVELOPMENT COMMITTEE OF THE BOARD OF TRUSTEES FOR REVIEW AND TO SUPPORT DELIBERATIONS IN MAKING COMPENSATION DECISIONS. THE LAST REVIEW BY AN INDEPENDENT CONSULTING FIRM WAS DONE IN JUNE 2014, AS THE REVIEW IS CONDUCTED EVERY TWO YEARS. public disclosure FORM 990, PART VI, LINE 19 THE LIBRARY'S GOVERNING DOCUMENTS (BYLAWS AND CHARTER) ARE MADE AVAILABLE TO THE GENERAL PUBLIC AS THEY ARE POSTED ON THE LIBRARY'S WEBSITE. THE LIBRARY'S CONFLICT OF INTEREST POLICY IS MADE AVAILABLE TO THE GENERAL PUBLIC AS IT IS POSTED ON THE LIBRARY'S WEBSITE. THE LIBRARY'S AUDITED FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE GENERAL PUBLIC AS THEY ARE POSTED ON THE LIBRARY'S WEBSITE AND PROVIDED UPON REQUEST. ACTING CHIEF FINANCIAL OFFICER AND TREASURER FORM 990, PART VII EFFECTIVE MAY 2014 THROUGH SEPTEMBER 2014, CARL H. PFORZHEIMER III, LIFE TRUSTEE, WAS THE ACTING CHIEF FINANCIAL OFFICER AND TREASURER AND DID NOT RECEIVE ANY COMPENSATION FOR HIS ROLE. GAIN ON SALE OF OTHER ASSETS Form 990, Part VIII, Line 7a, column (ii) On July 6, 2011, the Library entered into an initial closing on the sale of one of its fully depreciated buildings in which it received gross proceeds of $58,803,104 before transaction fees of $675,602, representing partial consideration of the total purchase price of the building. On October 17, 2014, the Library received the remaining consideration of $600,000 and a condominium unit valued at $30,000,000 and recognized gain on the sale of $88,727,502. The Library is building out the condominium unit as a new branch library. The proceeds from the sale, beyond what will be needed for the new library, will be used to support the needs of other branch libraries and library-wide activities. PRIOR PERIOD ADJUSTMENT FORM 990, PART XI, LINE 8 EFFECTIVE JULY 1, 2014, THE LIBRARY CHANGED ITS METHOD OF DETERMINING THE AMOUNT OF ACCRUED POSTRETIREMENT BENEFIT COSTS FOR BOTH UNION AND NON-UNION EMPLOYEES WHOSE SALARIES AND FRINGE BENEFITS ARE FUNDED BY THE CITY. ACCOUNTING PRINCIPLES PERMIT AN EMPLOYER TO CONSIDER SOURCES OF FUNDING WHEN MEASURING THE ACCRUED POSTRETIREMENT OBLIGATION. THE LIBRARY BELIEVES THAT IT IS PREFERABLE TO CONSIDER THE CITY'S CONTINUED COMMITMENT TO FUND THE POSTRETIREMENT BENEFIT COSTS WHEN PAYABLE IN THE FUTURE SIMILAR TO HOW IT CONSIDERS THE EXPECTED RETIREE CONTRIBUTIONS AND MEDICARE SUBSIDIES WHEN DETERMINING FUNDED STATUS. THEREFORE, THE LIBRARY'S POSTRETIREMENT BENEFIT OBLIGATION NOW CONSIDERS THE PRESENT VALUE OF THE FUTURE APPROPRIATIONS FROM THE CITY TO FUND A SIGNIFICANT PORTION OF POSTRETIREMENT BENEFITS AS THEY BECOME DUE. PREVIOUSLY, THE LIBRARY ACCRUED SUCH BENEFIT COSTS FOR BOTH UNION AND NON-UNION EMPLOYEES WHOSE SALARIES AND FRINGE BENEFITS ARE FUNDED BY THE CITY WITHOUT CONSIDERING THE CITY'S FUNDING OF SUCH BENEFIT COSTS. AS A RESULT OF THIS CHANGE IN ACCOUNTING PRINCIPLE, THE LIBRARY RECOGNIZED A CHANGE IN THE FUNDED STATUS OF THE POSTRETIREMENT BENEFIT PLAN RETROSPECTIVELY TO JUNE 30, 2014 AND INCREASED NET ASSETS BY $89,551,128. OTHER CHANGES IN NET ASSETS FORM 99O, PART XI, LINE 9 POSTRETIREMENT BENEFITS CHANGES OTHER THAN NET PERIODIC BENEFIT COST $(15,151,755) LOSS ON EXTINGUISHMENT OF DEBT * (SEE NOTE BELOW) $ (438,322) GAIN ON INTEREST RATE AGREEMENTS *(SEE NOTE BELOW) $ 1,025,804 -------------- $(14,564,273) * LOSS ON EXTINGUISHMENT OF DEBT AND GAIN ON INTEREST RATE AGREEMENTS ON MARCH 4, 2015, THE LIBRARY ISSUED THE SERIES 2015 TAXABLE BONDS IN THE AMOUNT OF $185,000,000. THE PROCEEDS OF THE BONDS WERE USED TO REFUND IN FULL THE OUTSTANDING SERIES 1999 BONDS, PAY THE TERMINATION COSTS OF THE ASSOCIATED SWAP AGREEMENTS, AND PAY THE COSTS OF ISSUANCE. THE REMAINING PROCEEDS WILL BE USED TO FURTHER THE LIBRARY'S GENERAL CORPORATE PURPOSES AND FINANCE SEVERAL CAPITAL PROJECTS. IN CONNECTION WITH THE SERIES 2015 BONDS' TRANSACTION, THE LIBRARY ENTERED INTO AN INTEREST RATE LOCK AGREEMENT AND RECOGNIZED A GAIN OF $1,214,844. THE LIBRARY ALSO RECOGNIZED A LOSS OF $189,040 RESULTING FROM THE TERMINATION OF THE SWAP AGREEMENTS. IN ADDITION, THE LIBRARY RECOGNIZED A LOSS ON THE SERIES 1999 BONDS EXTINGUISHMENT OF $438,322, REPRESENTING THE UNAMORTIZED PORTION OF THE DEBT ISSUANCE COST. BRYANT PARK CORPORATION (BPC) 1065 AVE OF AMERICAS STE 2400 NEW YORK NY 10018 133009946 PARK MGMT NY 501 (C) (3) 11A NA false PERPETUAL TRUST INVESTMENT NY NA false false false false false false false false false false false false false false false false false false false true