2014-07-09T05:24:49-07:00 2013-12-31 Stephen M Ragland Ltd 7204 Glen Forest Drive Suite 300 Richmond VA 23226 990 2013-01-01 743090885 The Petersburg Library Foundation Inc PETE 8047332387 PO Box 3435 Petersburg VA 23805 Jacob A Crocker Treasurer 2014-07-09 true Stephen M Ragland CPA P01285235 8042888516 2013 2015-11-30 17:44:51Z 6356013 false false X www.petersburglibraryfoundation.org X 2002 VA THE MISSION OF THE PETERSBURG LIBRARY FOUNDATION IS TO ENSURE THAT THE CITY OF PETERSBURG HAS A SUPERIOR LIBRARY SYSTEM HAVING EXCELLENT FACILITIES AND PROVIDING QUALITY RESOURCES AND INNOVATIVE SOURCES TO ENHANCE EDUCATIONAL AND CULTURAL OPPORTUNITIES FOR ITS CITIZENS. X 12 12 2 15 0 1043211 6034585 257109 2664 64319 -11053 0 1034822 6356013 1887850 0 107812 108897 0 188032 97149 116003 204961 2112750 829861 4243263 5592185 10001793 1228267 1394612 4363918 8607181 X THE MISSION OF THE PETERSBURG LIBRARY FOUNDATION IS TO ENSURE THAT THE CITY OF PETERSBURG HAS A SUPERIOR LIBRARY SYSTEM HAVING EXCELLENT FACILITIES AND PROVIDING QUALITY RESOURCES AND INNOVATIVE SOURCES TO ENHANCE EDUCATIONAL AND CULTURAL OPPORTUNITIES FOR ITS CITIZENS. false true 1908651 6291694 As construction continued on the new library building, and cash flow became more difficult to anticipate, the Foundation entered into a a new financing arrangement to take advantage of New Market Tax Credits available for completion of the library building. As part of the funding agreement, the Foundation kept up its efforts to solicit funds and arranged for advance payment by the City of Petersburg of its pledge commitment.As part of the financing agreement, the partially completed construction project was transferred out to PPL Development Co., Inc. a 501(c)(2) corporation - as a contribution. 1908651 true true false false false false false false false false true false false false true false true false false false false false false false false false false true false false false false false false false false false false false false false false false false true false true false false false false true 6 0 true 2 true false false false false false false false false 0 false false false false false false false false false false X 12 12 false false false false false false false true true false false false true true true false false false false false X Organization 8047332387 201 W Washington Street Petersburg VA 23803 X F Heath Myers Jr Director 2.00 0.00 0 0 0 Robert C Walker Chairman 15.00 0.00 X X 0 0 0 Ann C Taylor Vice Chairwoman 5.00 0.00 X X 0 0 0 Jacob A Crocker Treasurer 5.00 0.00 X X 0 0 0 Wayne M Crocker Secretary 15.00 0.00 X X 0 0 0 Brian A Moore Dir EMERITUS 1.00 0.00 X 0 0 0 Hibernia H Cuthbert Director 1.00 0.00 X 0 0 0 Willie B Edlow Director 1.00 0.00 X 0 0 0 Joseph E Preston Director 1.00 0.00 X 0 0 0 Daphne Maxwell Reid Director 1.00 0.00 X 0 0 0 Yvette G Robinson Director 1.00 0.00 X 0 0 0 Shirley H Webb Director 1.00 0.00 X 0 0 0 0 false false false EDC 1660 Huguenot Road Midlothian VA 23113 Construction 1009835 Williams Mullen Clarke & Dobbins PO Box 800 Richmond VA 23218 Legal 31529 Enteros Design 314 Exchange Alley Suite A Petersburg VA 23803 Design 28733 1 6034585 6034585 Book Inc from Building Tr 102109 102109 Development fee 155000 155000 257109 64319 64319 0 0 0 0 0 0 0 0 6356013 257109 64319 1887850 1887850 0 0 0 0 0 97746 97746 0 3673 3673 7478 7478 0 2108 2108 7500 7500 0 0 0 0 1502 1502 764 15 144 605 0 0 0 0 0 0 74969 74969 0 882 882 1450 1450 Bricks for Brick Campaign 17871 17871 Miscellaneous 4009 284 3725 Postage and Shipping 1989 1989 Meals and Meeting Expense 1543 1508 35 1416 523 858 35 2112750 1908651 16067 188032 65089 71326 36438 304550 783648 737774 7400 0 0 8879525 0 0 4410 3192 4563347 1218 0 0 0 0 143663 0 5592185 10001793 1228267 48737 1345873 2 1228267 1394612 X 4320137 8606185 43781 996 4363918 8607181 5592185 10001793 4243263 X false true X true false X 724695 332296 895957 1043211 6034585 9030744 0 0 724695 332296 895957 1043211 6034585 9030744 975033 8055711 553 5805 6693 2664 64319 80034 0 0 9110778 356708 0.88420 0.80080 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3410 2575 835 1000 617 383 1218 Rounding 2 2 6356013 6356013 6356013 2112750 2112750 2112750 false PPL Development Co Inc 201 W Washington Street Petersburg VA 23803 462271570 501(c)(2) 0 1887850 Cost Land and Library under Construction to complete library construction 0 1 Land and Library under construction 2013-04-11 4550583 cost 462271570 PPL Development Co Inc 201 W Washington Street Petersburg VA 23803 501(c)(2) false false false false Form 990, Part III, Line 3: Ceased Conducting or Significant Changes To Services In 2013, the Foundation entered into a new financing arrangement to take advantage of the New Market Tax Credits available for the completion of the library building. In order to effect the agreement, the Foundation made an in-kind contribution to PPL Development Co., Inc. (a 501(c)(2) corporation) of the land and building in construction in progress for the new library. PPL Development Co., Inc. will complete the construction of the library, the Foundation will continue to raise funds for the project. Form 990, Part VI, Line 11b: Form 990 Review Process THE FORM 990 IS REVIEWED BY THE FINANCE COMMITTEE, AND ANY EXTRAORDINARY FINDINGS ARE REPORTED TO THE BOARD OF DIRECTORS. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts ALL POTENTIAL CONFLICTS OF INTEREST ARE BROUGHT BEFORE THE BOARD AND DISCUSSED/RESOLVED PRIOR TO RELATED ACTION BEING TAKEN. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available FORMS 1023, 990, THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. PPL Development Co LLC 201 W Washington Street Petersburg VA 23803 Library Building Construction VA 501(C)(2) N/A false false true false false false false false false true false false false false false false false false false false PPL Development Co LLC b 1887850 Cost PPL Development Co LLC i 2795609 Cost