2014-04-22T09:29:15-05:00 2013-06-30 233063393 ELKO & ASSOCIATES LTD 2 WEST BALTIMORE AVE SUITE 210 MEDIA PA 19063 990 2012-07-01 521173474 FREE LIBRARY OF PHILADELPHIA FOUNDATION FREE 2155675948 1901 VINE STREET PHILADELPHIA PA 191031189 DAVID T EDWARDS 2155675948 2014-04-10 1 JOHN J NIHILL CPA P00844252 6105653930 2014-03-31 2012 2015-11-30 17:44:51Z SAME AS ABOVE SIOBHAN A REARDON 1901 VINE STREET PHILADELPHIA PA 191031189 33808492 0 X WWW.FREELIBRARY.ORG X 1891 PA 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; TEEN LEADERSHIP AND YOUTH EMPOWERMENT SUMMIT; WORKPLACE AND CAREER PLACEMENT; REGIONAL FOUNDATION CENTER; LECTURE SERIES; SUMMER PROGRAMS IN READING AND SCIENCE; AND CULTURAL PERFORMANCES. 34 34 336 250 0 0 6856195 8479652 787001 790859 -350477 984617 274281 238441 7567000 10493569 0 0 0 0 5025610 5031545 199387 186036 1700391 7416693 8127622 12641690 13345203 -5074690 -2851634 38294374 38118702 1275524 2536041 37018850 35582661 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; TEEN LEADERSHIP AND YOUTH EMPOWERMENT SUMMIT; WORKPLACE AND CAREER PLACEMENT; REGIONAL FOUNDATION CENTER; LECTURE SERIES; SUMMER PROGRAMS IN READING AND SCIENCE; AND CULTURAL PERFORMANCES. 0 0 3817174 790859 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), THE PHILADELPHIA BOOK FESTIVAL, ONE BOOK ONE PHILADELPHIA, SCIENCE IN THE SUMMER, TEEN PROGRAMMING, COLLEGE PREP, THE AUTHOR LECTURE SERIES AND THE MAYOR'S COMMISSION ON LITERACY- ONLINE READER DEVELOPMENT. 6217059 CENTRAL LIBRARY CAPITAL RENOVATION PROJECT: TO EXPAND AND RENOVATE THE CENTRAL BRANCH OF THE LIBRARY. 330058 COLLECTIONS AND PRESERVATION: TO ENHANCE THE LIBRARY'S PROMINENT RESEARCH COLLECTIONS, SUCH AS THE FLEISHER COLLECTION, DICKENS COLLECTION, POE COLLECTION, MEDIEVAL MANUSCRIPTS, ETC. 26867 FACILITIES RENOVATIONS: TO RENOVATE THE MATERIALS MANAGEMENT DEPARTMENT OF THE LIBRARY, WHICH IS RESPONSIBLE FOR THE SELECTION AND MANAGEMENT OF THE LIBRARY'S COLLECTIONS. 263214 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. 290081 10654372 1 1 0 1 0 0 0 1 0 1 1 0 0 0 0 1 1 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 0 0 0 0 1 68 0 1 336 1 0 0 0 0 0 1 1 0 0 0 0 X 34 34 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA NJ X FREE LIBRARY OF PHILADELPHIA FOUNDATION 2155675948 1901 VINE STREET PHILADELPHIA PA 19103 TOBEY DICHTER 1.00 X X 0 0 0 MIRIAM SPECTOR 1.00 X X 0 0 0 ROBERT HEIM 1.00 X X 0 0 0 JAMES HAVERILL PHD 1.00 X X 0 0 0 RICHARD A GREENAWALT 1.00 X X 0 0 0 GEORGE DAY 1.00 X X 0 0 0 SIOBHAN A REARDON 1.00 X X 0 0 0 CYNTHIA AFFLECK 1.00 X 0 0 0 PHYLLIS W BECK 1.00 X 0 0 0 PETER A BENOLIEL 1.00 X 0 0 0 SHELDON BONOVITZ 1.00 X 0 0 0 ANDREA EHRLICH 1.00 X 0 0 0 DANIEL K FITZPATRICK 1.00 X 0 0 0 W WILSON GOODE SR 1.00 X 0 0 0 DANIEL GORDON 1.00 X 0 0 0 ELIZABETH GRENALD 1.00 X 0 0 0 MELISSA GRIMM 1.00 X 0 0 0 JOHN IMBESI 1.00 X 0 0 0 PHILIP JARIGUE 1.00 X 0 0 0 GEOFFREY KENT 1.00 X 0 0 0 ALEXANDER KERR ESQ 1.00 X 0 0 0 LESLIE A MILLER 1.00 X 0 0 0 MARCIENE S MATTLEMAN 1.00 X 0 0 0 THOMAS B MORRIS JR 1.00 X 0 0 0 STEPHANIE W NAIDOFF 1.00 X 0 0 0 PATRICK M OATES 1.00 X 0 0 0 DEREK N PEW 1.00 X 0 0 0 WILLIAM R SASSO 1.00 X 0 0 0 SUSAN G SMITH 1.00 X 0 0 0 STACEY SPECTOR 1.00 X 0 0 0 BARBARA SUTHERLAND 1.00 X 0 0 0 MONICA VACHHER 1.00 X 0 0 0 JAY WEINSTEIN 1.00 X 0 0 0 LARRY WEISS 1.00 X 0 0 0 SANDRA A HORROCKS 37.50 X 151207 0 6861 JAMES PECORA 37.50 X 149350 0 6777 DAVID EDWARDS 37.50 X 139051 0 0 SARAH MORAN 37.50 X 113300 0 5155 SUSAN GOULD 37.50 X 123599 0 5618 MELISSA GREENBERG 37.50 X 204500 0 9259 JUDITH RENYI 37.50 X 131950 0 5938 1012957 0 39608 7 0 1 0 L F DRISCOLL 9 PRESIDENTIAL BOULEVARD BALA CYNWYD PA 190040468 CONSTRUCTION 1860520 SAFDIE ARCHITECTS 100 PROPERZI WAY SOMMERVILLE MA 02143 CONSTRUCTION 1106313 SHULTZ & WILLIAMS 325 CHESTNUT ST STE 700 PHILADELPHIA PA 19106 MARKETING & DEVELOPMENT 212828 CONSERVATION CENTER FOR ART 264 SOUTH 23RD ST PHILADELPHIA PA 19103 COLLECTIONS CONSERVATION 136443 STRANIX ASSOCIATES 1802 PILLORY DRIVE VIENNA VA 22182 PROJECT MANAGEMENT 129480 5 209345 2357057 5913250 219996 8479652 FINES & LOST BOOKS 900099 386792 386792 LECTURE SERIES 900099 312991 312991 FEES & LIBRARY SERVICES 900099 69023 69023 SALES OF BOOKS & PUBLICATIONS 900099 22053 22053 790859 904152 904152 54016 54016 27527 0 27527 27527 27527 23210215 23129750 80465 80465 80465 106405 209345 185173 -78768 -78768 VENDED SYSTEMS 900099 192416 192416 OTHER INCOME 900099 43250 43250 235666 10493569 790859 0 1223058 X 453246 279775 84648 88823 3779473 2342077 707051 730345 86155 46479 15210 24466 349776 188696 61751 99329 362895 234804 65064 63027 78330 63689 8833 5808 67064 67064 14452 14452 186036 186036 117109 91443 25666 5350537 5235417 86234 28886 215605 86831 513 128261 802786 545945 32406 224435 24653 10595 2188 11870 55979 41099 7970 6910 300344 210388 40263 49693 29328 29328 70050 70050 LIBRARY MATERIALS 509952 490405 19547 PROGRAMS AND EXHIBITS 357191 384182 -34857 7866 BANK AND CREDIT CARD FE 70733 37185 13876 19672 DUES AND PUBLICATIONS 41549 21433 14699 5417 21960 300149 -278189 13345203 10654372 990440 1700391 329906 162881 9490815 6359271 5002286 6814451 665637 516341 56409 66526 242888 205191 67025 37697 22653775 24131532 28521 30003 38294374 38118702 1275524 2536041 1275524 2536041 X 7748712 7888778 19827680 18251425 9442458 9442458 37018850 35582661 38294374 38118702 -2851634 1415445 0 X X 0 1 X 1 0 X 9121389 8920885 8999124 6933772 8479652 42454822 9121389 8920885 8999124 6933772 8479652 42454822 1099720 41355102 1055940 609839 568537 543338 958168 3735822 261644 241605 284752 265178 263193 1316372 47507016 3631177 0.87050 0.85560 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 14452 14452 10639920 10654372 682719 170680 0 0 704960 647705 682719 2035384 3053076 97250 96872 14452 208574 176240 161926 170680 508846 763269 X X 0 17451909 999368 2042531 821363 19672445 18618981 13555 -345558 835069 17451909 15406502 49809 4316278 1153608 18618981 13631029 167141 2190716 582384 15406502 19261445 214325 -4815238 1029503 13631029 0.07600 0.47520 0.44890 0 0 113246 113246 0 129642 91945 37697 37697 X 11977082 1415445 185172 1600617 10376465 117104 117104 10493569 13413271 185172 185172 13228099 117104 117104 13345203 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. A FINE ARTS INSURANCE POLICY WITH COVERAGE UP TO $5,000,000 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. EFFECTIVE JANUARY 1, 2014 THE FREE LIBRARY OF PHILADELPHIA FOUNDATION (THE FOUNDATION) MERGED WITH THE ROSENBACH MUSEUM AND LIBRARY (RML); WITH THE FOUNDATION ASSUMING GOVERNANCE OVER THE RML NON-PROFIT LEGAL ENTITY. DUE TO THE RML COLLECTIONS OF RARE BOOKS, MANUSCRIPTS, AND FINE ARTS AS WELL AS PUBLIC PROGRAMMING, FOUNDATION MANAGEMENT BELIEVES THE MERGER WILL ENHANCE ITS VARIOUS CURRENT LIBRARY PROGRAMS. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE ENDOWMENT OF THE FOUNDATION CONSISTS OF 55 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. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: 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 2010, 2011 AND 2012 ARE SUBJECT TO EXAMINATION, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 185,172. PART XI, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT FEES INCLUDED ON REVENUE ON FINANCIAL STATEMENTS 117,104. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 185,172. PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT FEES INCLUDED ON REVENUE ON FINANCIAL STATEMENTS 117,104. X X X X X X 1 SCHULTZ AND WILLIAMS 325 CHESTNUT STREET PHILADELPHIA PA 19106 DIRECT MAIL SERVICES - PLANNING, ADVISING, AND CONSULTING 0 251278 186036 65242 251278 186036 65242 PA NJ BORROWER'S BALL 302850 209345 93505 63354 17125 91959 FOLGER SHAKESPEARE LIBRARY TOUR 12900 12900 5485 5009 2241 315750 209345 106405 5485 68363 17125 94200 185173 -78768 EXPLANATION OF FUNDRAISING PAYMENTS SCHEDULE G, PART I, LINE 2B, COLUMN (V) THE AMOUNT PAID TO SCHULTZ AND WILLIAMS INCLUDE APPROXIMATELY $72K FOR CONSULTING FEES, $37K FOR POSTAGE AND $77K FOR GRAPHICS AND PRINTING. X X 0 0 0 0 0 0 0 0 0 SANDRA A HORROCKS 151207 0 0 0 0 0 6861 0 0 0 158068 0 0 0 JAMES PECORA 149350 0 0 0 0 0 6777 0 0 0 156127 0 0 0 MELISSA GREENBERG 204500 0 0 0 0 0 9259 0 0 0 213759 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 2 14650 FMV X 2 31148 FMV X SUPPLIES 2 6987 FMV X MUSEUM PASSES 1 29182 FMV X DONATED GIFT CARDS 1 2000 FMV X CDS & DVDS 1 679 FMV X DONATED EVENT PASSES 2 22000 FMV X DONATED ADVERTISING MATERIALS 3 113350 FMV 1 0 1 0 METHOD FOR DETERMINING NUMBER OF CONTRIBUTIONS: PART I, COLUMN (B): THE NUMBER OF CONTRIBUTTIONS IS USED TO DETERMINE COLUMN B 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 15 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. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. OTHER FEES FORM 990, PART IX, LINE 11G CONSULTING: PROGRAM SERVICE EXPENSES 5,142,751. MANAGEMENT AND GENERAL EXPENSES 64,651. FUNDRAISING EXPENSES 9,010. TOTAL EXPENSES 5,216,412. TRAINING: PROGRAM SERVICE EXPENSES 7,346. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 7,346. CONSERVATION & PRESERVATION: PROGRAM SERVICE EXPENSES 84,024. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 84,024. TEMPORARY SERVICES: PROGRAM SERVICE EXPENSES 1,296. MANAGEMENT AND GENERAL EXPENSES 383. FUNDRAISING EXPENSES 13,768. TOTAL EXPENSES 15,447. PAYROLL SERVICES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 18,959. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 18,959. PROFESSIONAL DEVELOPMENT: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 2,241. FUNDRAISING EXPENSES 1,763. TOTAL EXPENSES 4,004. RECRUITING: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 805. TOTAL EXPENSES 805. ADMINISTRATIVE FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 3,540. TOTAL EXPENSES 3,540. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS NOT CHANGED ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR.