NEW ORLEANS PUBLIC LIBRARY FOUNDATION: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- NEW ORLEANS PUBLIC LIBRARY FOUNDATION (EIN 72-1179236)
- Tax period
- 2011-01-01 to 2011-12-31
- Filed
- 2013-01-07
- IRS object ID
- 201320079349300892
- Schema version
- 2011v1.2
- 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-01-07T11:21:06-06:00 | Timestamp |
| Tax Period End Date | 2011-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 720136870 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BOURGEOIS BENNETT LLC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 111 VETERANS BLVD 17TH FLOOR | AddressLine1 |
| City | METAIRIE | City |
| State | LA | State |
| ZIP Code | 70005 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 721179236 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NEW ORLEANS PUBLIC LIBRARY FOUNDATION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | NEWO | NameControl |
| Phone | 5045962615 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 219 LOYOLA AVENUE | AddressLine1 |
| City | NEW ORLEANS | City |
| State | LA | State |
| ZIP Code | 70112 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | KELLIE GLEASON | Name |
| Title | OPERATIONS MANAGER | Title |
| Phone | 5045962615 | Phone |
| Date Signed | 2012-08-27 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | LAURENCE R HOLMES | Name |
| PTIN | P00664488 | PTIN |
| Phone | 5048314949 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-25 16:41:14Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | KELLIE GLEASON | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 219 LOYOLA AVENUE | AddressLine1 |
| City | NEW ORLEANS | City |
| State | LA | State |
| ZIP Code | 70112 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 1733190 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.NOPLF.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1990 | YearFormation |
| State Legal Domicile | LA | StateLegalDomicile |
| Activity Or Mission Description | SUPPORT OF THE CITY OF NEW ORLEANS LIBRARY SYSTEM INCLUDING RAISING MONEY AND MAKING EXPENDITURES IN SUPPORT OF LIBRARY OPERATIONS. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 7 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 7 | NbrIndependentVotingMembers |
| Total Nbr Employees | 3 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 418914 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 214355 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 0 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 0 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 215499 | InvestmentIncomePriorYear |
| Investment Income Current Year | 481232 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 0 | OtherRevenuePriorYear |
| Other Revenue Current Year | -159019 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 634413 | TotalRevenuePriorYear |
| Total Revenue Current Year | 536568 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 648137 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 831546 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 184183 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 61902 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 104334 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 113896 | OtherExpensePriorYear |
| Other Expenses Current Year | 231351 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 946216 | TotalExpensesPriorYear |
| Total Expenses Current Year | 1124799 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -311803 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -588231 | RevenuesLessExpensesCY |
| Total Assets BOY | 4400315 | TotalAssetsBOY |
| Total Assets EOY | 3555453 | TotalAssetsEOY |
| Total Liabilities BOY | 104839 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 120328 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 4295476 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 3435125 | NetAssetsOrFundBalancesEOY |
| Mission Description | SUPPORT OF THE CITY OF NEW ORLEANS LIBRARY SYSTEM INCLUDING RAISING AND EXPENDING FUNDS TO SUPPLEMENT LIBRARY OPERATIONS. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 831546 | Expense |
| Revenue | 214355 | Revenue |
| Description | THE ORGANIZATION IS A NON-PROFIT CORPORATION ORGANIZED TO RECEIVE DONATIONS AND RAISE FUNDS TO PURCHASE BOOKS, LIBRARY MATERIALS, AND OTHER EXPENDITURES. THE ORGANIZATION ALSO SPONSORS LIBRARY RELATED PROGRAMS FOR THE BENEFIT OF THE NEW ORLEANS PUBLIC LIBRARY SYSTEM. THE NEW ORLEANS PUBLIC LIBRARY IS A PUBLIC FACILITY THAT IS OWNED AND OPERATED BY THE CITY OF NEW ORLEANS. | Description |
| Total Program Service Expense | 831546 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 1 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 1 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 1 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 0 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 1 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Number Of Employees | 3 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Form8899 Filed | 0 | Form8899Filed |
| Form1098 C Filed | 0 | Form1098CFiled |
| Excess Business Holdings | 0 | ExcessBusinessHoldings |
| Taxable Distributions | 0 | TaxableDistributions |
| Distribution To Donor | 0 | DistributionToDonor |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 7 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 7 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 1 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 1 | MembersOrStockholders |
| Election Of Board Members | 1 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 1 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | KELLIE GLEASON | NamePerson |
| Telephone Number | 5045962552 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 219 LOYOLA AVENUE | AddressLine1 |
| City | NEW ORLEANS | City |
| State | LA | State |
| ZIP Code | 70116 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| No Listed Persons Compensated | X | NoListedPersonsCompensated |
Form990 Part VII Section A Form990PartVIISectionA (7 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer |
|---|---|---|---|---|---|---|
| RUTH MCCUSKER | ||||||
| DIRECTOR EMERITUS | 0.50 | X | 0 | 0 | 0 | |
| IRVIN MAYFIELD | ||||||
| PRESIDENT | 10.00 | X | 0 | 0 | 0 | X |
| GERALD DUHON | ||||||
| SECRETARY | 0.50 | X | 0 | 0 | 0 | X |
| RONALD MARKHAM | ||||||
| DIRECTOR | 0.50 | X | 0 | 0 | 0 | |
| SCOTT CUNNINGHAM | ||||||
| DIRECTOR | 0.50 | X | 0 | 0 | 0 | |
| DAN FOREMAN | ||||||
| VICE PRESIDENT | 0.50 | X | 0 | 0 | 0 | X |
| HELEN KHOLMAN | ||||||
| SENIOR ADVISOR | 0.50 | X | 0 | 0 | 0 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 0 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 0 | TotalOtherCompensation |
| Number Individuals GT100 K | 0 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 0 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
| Number Of Contractors GT100 K | 0 | NumberOfContractorsGT100K |
| All Other Contributions | 214355 | AllOtherContributions |
| Total Contributions | 214355 | TotalContributions |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 40584 | TotalRevenueColumn |
| Exclusion | $40,584 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 1430737 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 990089 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 440648 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 440648 | TotalRevenueColumn |
| Exclusion | $440,648 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 47514 | GrossIncomeFundraisingEvents |
| Fundraising Direct Expenses | 206533 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -159019 | TotalRevenueColumn |
| Exclusion | -$159,019 | ExclusionAmount |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 536568 | TotalRevenueColumn |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $322,213 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 831546 | Total |
| Program Services | 831546 | ProgramServices |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 56037 | Total |
| Management And General | 26842 | ManagementAndGeneral |
| Fundraising | 29195 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1519 | Total |
| Management And General | 728 | ManagementAndGeneral |
| Fundraising | 791 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4346 | Total |
| Management And General | 2082 | ManagementAndGeneral |
| Fundraising | 2264 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 19919 | Total |
| Management And General | 19919 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 20411 | Total |
| Management And General | 20411 | ManagementAndGeneral |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 40236 | Total |
| Management And General | 40236 | ManagementAndGeneral |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 60551 | Total |
| Fundraising | 60551 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 11864 | Total |
| Management And General | 5683 | ManagementAndGeneral |
| Fundraising | 6181 | Fundraising |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 833 | Total |
| Management And General | 833 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 9793 | Total |
| Management And General | 4691 | ManagementAndGeneral |
| Fundraising | 5102 | Fundraising |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|
| CONSULTING | 65000 | 65000 | |
| MISCELLANEOUS | 1330 | 1330 | |
| BANK FEES | 935 | 935 | |
| TELEPHONE | 466 | 223 | 243 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 13 | Total |
| Management And General | 6 | ManagementAndGeneral |
| Fundraising | 7 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1124799 | Total |
| Program Services | 831546 | ProgramServices |
| Management And General | 188919 | ManagementAndGeneral |
| Fundraising | 104334 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 253048 | BOY |
| EOY | 40517 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 666214 | BOY |
| EOY | 7027 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 81909 | BOY |
| EOY | 61546 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 8655 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 4452 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2935 | BOY |
| EOY | 4203 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2447657 | BOY |
| EOY | 2586252 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 948552 | BOY |
| EOY | 855908 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4400315 | BOY |
| EOY | 3555453 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2632 | BOY |
| EOY | 18121 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 102207 | BOY |
| EOY | 102207 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 104839 | BOY |
| EOY | 120328 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3626674 | BOY |
| EOY | 2769312 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 668802 | BOY |
| EOY | 665813 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4295476 | BOY |
| EOY | 3435125 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4400315 | BOY |
| EOY | 3555453 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | -588231 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -272120 | ReconcilationOtherChanges |
| Method Of Accounting Cash | X | MethodOfAccountingCash |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org170b1 Avi | X | PubliclySupportedOrg170b1Avi |
Gifts Grants Contrib Received170 GiftsGrantsContribReceived170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 1023961 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 1069840 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 1054522 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 228777 | CurrentTaxYearMinus1Year |
| Current Tax Year | 179595 | CurrentTaxYear |
| Total | 3556695 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 1023961 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 1069840 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 1054522 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 228777 | CurrentTaxYearMinus1Year |
| Current Tax Year | 179595 | CurrentTaxYear |
| Total | 3556695 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amounts Subst Contributors Total | 1359795 | AmountsSubstContributorsTotal |
| Public Support Total170 | 2196900 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 137629 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 98291 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 110654 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 103949 | CurrentTaxYearMinus1Year |
| Current Tax Year | 40584 | CurrentTaxYear |
| Total | 491107 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 4047802 | TotalSupport |
| Public Support Pertcentage170 | 0.54270 | PublicSupportPertcentage170 |
| Public Support Pertcent Prior Year | 0.65810 | PublicSupportPertcentPriorYear |
| Thirty Three Percnt Tests CY170 | X | ThirtyThreePercntTestsCY170 |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 8655 | InvestmentCostOrOtherBasis |
| Depreciation | 4452 | Depreciation |
| Book Value | 4203 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 4203 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | INVESTMENTS - BONDS | Description |
| Book Value | 855908 | BookValue |
| Method Of Valuation | F | MethodOfValuation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 855908 | TotalOfBookValueSecurities |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | DUE TO NEW ORLEANS PUBLIC LIBRARY | Description |
| Amount | $102,207 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 102207 | TotalOfAmounts |
| Total Revenue | 536568 | TotalRevenue |
| Total Expenses | 1124799 | TotalExpenses |
| Excess Or Deficit For Year | -588231 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | -236792 | NetUnrealizedGLOnInvestments |
| Other | -$35,328 | OtherAmount |
| Total Adjustments | -272120 | TotalAdjustments |
| Excess Or Deficit Per FS | -860351 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 299776 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | -236792 | NetUnrealizedGainsInvestments |
| Revenue Not Rptd F990 | -236792 | RevenueNotRptdF990 |
| Revenue Subtotal | 536568 | RevenueSubtotal |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 536568 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 1124799 | TotExpensesEtcAuditedFinclStmt |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 1124799 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 1124799 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: | PART X: | ACCOUNTING STANDARDS PROVIDE DETAILED GUIDANCE FOR FINANCIAL STATEMENT RECOGNITION, MEASUREMENT, AND DISCLOSURE OF UNCERTAIN TAX POSITIONS RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS. IT REQUIRES AN ENTITY TO RECOGNIZE THE FINANCIAL STATEMENT IMPACT OF A TAX POSITION WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION. TAX YEARS ENDED DECEMBER 31, 2008 AND LATER REMAIN SUBJECT TO EXAMINATION BY THE TAXING AUTHORITIES. AS OF DECEMBER 31, 2011, MANAGEMENT OF THE FOUNDATION BELIEVES THAT IT HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURES IN THE FINANCIAL STATEMENTS. |
| PART XI, LINE 8 - OTHER ADJUSTMENTS: | OVERSTATEMENT OF EXPENSES DUE TO INCORRECT BEGINNING BALANCE FOR A/P -35,328. |
Schedule G IRS990ScheduleG
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | LOVE SESSIONS | NameOfEvent1 |
| Gross Receipts Event1 | 47514 | GrossReceiptsEvent1 |
| Gross Revenue Event1 | 47514 | GrossRevenueEvent1 |
| Other Direct Expenses Event1 | 206533 | OtherDirectExpensesEvent1 |
| Gross Receipts Total | 47514 | GrossReceiptsTotal |
| Gross Revenue Total Events | 47514 | GrossRevenueTotalEvents |
| Other Direct Expenses Total Events | 206533 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 206533 | DirectExpenseSummaryEvents |
| Net Income Summary | -159019 | NetIncomeSummary |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Recipient Table RecipientTable
Recipient Name Business RecipientNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CITY OF NEW ORLEANS PUBLIC LIBRARY | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 219 LOYOLA AVENUE | AddressLine1 |
| City | NEW ORLEANS | City |
| State | LA | State |
| ZIP Code | 70112 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN Of Recipient | 726000969 | EINOfRecipient |
| Amount Of Cash Grant | 831546 | AmountOfCashGrant |
| Method Of Valuation | ACTUAL EXPENDITURES | MethodOfValuation |
| Description Of Non Cash Assistance | NA | DescriptionOfNonCashAssistance |
| Purpose Of Grant | GENERAL SUPPORT | PurposeOfGrant |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Explanation | NEW ORLEANS PUBLIC LIBRARY FOUNDATION, AS GRANT RECIPIENT AND GRANT MAKER, MUST MONITOR THE PERFORMANCE OF GRANT PROJECTS TO ASSURE ADHERENCE TO PERFORMANCE GOALS, TIME SCHEDULES, OR OTHER REQUIREMENTS AS APPROPRIATE TO THE PROJECTS OR THE TERMS OF ANY GRANT AGREEMENT. THE NEW ORLEANS PUBLIC LIBRARY FOUNDATION MONITORS THE USE OF GRANT FUNDS IN THE UNITED STATES BY MAINTAINING ALL APPROPRIATE, COMPLETE FINANCIAL RECORDS AND PERIODICALLY AUDITING THEM TO ENSURE THAT ALL EXPENDITURES ARE WITHIN THE SCOPE OF ANY GRANT AWARDS. ALL GRANT AWARDS ARE ALSO AUDITED AT THE END OF ANY GRANT PERIOD AND A FINAL FINANCIAL AND PROJECT REPORT SUMMARY IS COMPLETED AND MAINTAINED IN THE NEW ORLEANS PUBLIC LIBRARY FOUNDATION OFFICES. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (9 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 2 | BOARD MEMBER RONALD MARKHAM IS AN EMPLOYEE OF MAYFIELD PUBLISHING, WHICH IS OWNED BY BOARD MEMBER IRVIN MAYFIELD. RONALD MARKHAM AND IRVIN MAYFIELD ARE ALSO BOTH 33% PARTNERS OF POORMAN RECORDS. | |
| FORM 990, PART VI, SECTION A, LINE 6 | THE BUSINESS AND AFFAIRS OF THE FOUNDATION ARE MANAGED BY A BOARD OF DIRECTORS. EACH MEMBER OF THE FOUNDATION SHALL SERVE AS A DIRECTOR OF THE FOUNDATION. | |
| FORM 990, PART VI, SECTION A, LINE 7A | AN ANNUAL MEETING OF THE DIRECTORS SHALL BE HELD IN JUNE OF EACH YEAR FOR THE PURPOSES OF ELECTING OFFICERS AND MEMBERS REPRESENTING THE NEW ORLEANS COMMUNITY AND FOR THE TRANSACTION OF SUCH OTHER BUSINESS AS MAY PROPERLY BE BROUGHT BEFORE THE MEETING. THE OFFICERS OF THE FOUNDATION SHALL BE CHOSEN BY THE DIRECTORS AND SHALL BE A PRESIDENT, VICE PRESIDENT, SECRETARY AND A TREASURER. NO OFFICER SHALL HOLD MORE THAN ONE OFFICE AT ONE TIME AND OFFICERS MAY SERVE CONSECUTIVE TERMS IN THE SAME OFFICES. THE BOARD OF DIRECTORS MAY APPOINT SUCH OTHER OFFICERS AND AGENTS AS IT SHALL DEEM NECESSARY. | |
| FORM 990, PART VI, SECTION A, LINE 7B | A MAJORITY OF THE BOARD SHALL BE NECESSARY TO CONSTITUTE A QUORUM FOR THE TRANSACTION OF BUSINESS, AND EXCEPT AS OTHERWISE PROVIDED BY LAW, THE ACTS OF A MAJORITY OF THE DIRECTORS PRESENT AT A MEETING AT WHICH A QUORUM IS PRESENT SHALL BE THE ACTS OF THE BOARD. IF A QUORUM IS PRESENT WHEN THE MEETING IS CONVENED, THE DIRECTORS PRESENT MAY CONTINUE TO DO BUSINESS. | |
| FORM 990, PART VI, SECTION B, LINE 11 | THE FORM 990 IS COMPLETED ANNUALLY AND COPIES ARE PROVIDED TO THE ENTIRE GOVERNING BOARD AS WELL AS THE PRESIDENT/CEO OF THE ORGANIZATION. AT THAT TIME, THE PRESIDENT/CEO WILL REVIEW THE FORM 990 WITH THE BOARD OF DIRECTORS, THE FISCAL OFFICER, AND AN AUDIT COMMITTEE, IF NECESSARY. ANY NECESSARY CHANGES ARE THEN UPDATED ON THE FORM. ONCE ALL NECESSARY CHANGES ARE MADE AND THE PRESIDENT/CEO IS IN AGREEMENT WITH THE BOARD OF DIRECTORS OF THE NEW ORLEANS PUBLIC LIBRARY FOUNDATION ON THE FINISHED FORM 990, IT WILL BE SIGNED BY THE PRESIDENT/CEO, DATED AND SUBMITTED BY THE FILING DEADLINE. A COPY OF THE APPROVED 990 WILL BE PROVIDED TO ALL OF THE OFFICERS, DIRECTORS AND TRUSTEES BEFORE THE RETURN IS FILED. | |
| FORM 990, PART VI, SECTION B, LINE 12C | THE NEW ORLEANS PUBLIC LIBRARY REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY THROUGH THE FOLLOWING PROCEDURES: DUTY TO DISCLOSE - IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. DETERMINING WHETHER A CONFLICT OF INTEREST EXISTS - AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE SHALL LEAVE THE GOVERNING BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. PROCEDURES FOR ADDRESSING THE CONFLICT OF INTEREST - A. AN INTERESTED PERSON MAY MAKE A PRESENTATION AT THE GOVERNING BOARD OR COMMITTEE MEETING, BUT AFTER THE PRESENTATION, HE/SHE SHALL LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT INVOLVING THE POSSIBLE CONFLICT OF INTEREST. B. THE CHAIRPERSON OF THE GOVERNING BOARD OR COMMITTEE SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. C. AFTER EXERCISING DUE DILIGENCE, THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE WHETHER THE ORGANIZATION CAN OBTAIN WITH REASONABLE EFFORTS A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. D. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE UNDER CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST, THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE ORGANIZATION'S BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE. IN CONFORMITY WITH THE ABOVE DETERMINATION IT SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT. VIOLATIONS OF CONFLICT OF INTEREST POLICY - A. IF THE GOVERNING BOARD OR COMMITTEE HAS REASONABLE CAUSE TO BELIEVE A MEMBER HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT SHALL INFORM THE MEMBER OF THE BASIS FOR SUCH BELIEF AND AFFORD THE MEMBER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. B. IF, AFTER HEARING THE MEMBER'S RESPONSE AND AFTER MAKING FURTHER INVESTIGATION AS WARRANTED BY THE CIRCUMSTANCES, THE GOVERNING BOARD OR COMMITTEE DETERMINES THE MEMBER HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. RECORDS OF PROCEEDINGS - THE MINUTES OF THE GOVERNING BOARD AND ALL COMMITTEES WITH BOARD DELEGATED POWERS SHALL CONTAIN: A. THE NAMES OF THE PERSONS WHO DISCLOSED OR OTHERWISE WERE FOUND TO HAVE A FINANCIAL INTEREST IN CONNECTION WITH AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, THE NATURE OF THE FINANCIAL INTEREST, ANY ACTION TAKEN TO DETERMINE WHETHER A CONFLICT OF INTEREST WAS PRESENT AND THE GOVERNING BOARD'S OR COMMITTEE'S DECISION AS TO WHETHER A CONFLICT OF INTEREST IN FACT EXISTED. B. THE NAMES OF THE PERSON WHO WERE PRESENT FOR DISCUSSIONS AND VOTES RELATING TO THE TRANSACTION OR ARRANGEMENT, THE CONTENT OF THE DISCUSSION, INCLUDING ANY ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT AND A RECORD OF ANY VOTES TAKEN IN CONNECTION WITH THE PROCEEDINGS. COMPENSATION - A. A VOTING MEMBER OF THE GOVERNING BOARD WHO RECEIVES COMPENSATION, DIRECTLY OR INDIRECTLY, FROM THE ORGANIZATION FOR SERVICES IS PRECLUDED FROM VOTING ON MATTERS PERTAINING TO THAT MEMBER'S COMPENSATION. B. A VOTING MEMBER OF ANY COMMITTEE WHOSE JURISDICTION INCLUDES COMPENSATION MATTERS AND WHO RECEIVES COMPENSATION, DIRECTLY OR INDIRECTLY, FROM THE ORGANIZATION FOR SERVICES IS PRECLUDED FROM VOTING ON MATTERS PERTAINING TO THAT MEMBER'S COMPENSATION. C. NO VOTING MEMBER OF THE GOVERNING BOARD OR ANY COMMITTEE WHOSE JURISDICTION INCLUDES COMPENSATION MATTERS AND WHO RECEIVES COMPENSATION DIRECTLY OR INDIRECTLY, FROM THE ORGANIZATION, EITHER INDIVIDUALLY OR COLLECTIVELY, IS PROHIBITED FROM PROVIDING INFORMATION TO ANY COMMITTEE REGARDING COMPENSATION. ANNUAL STATEMENTS - EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELGATED POWERS SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON: A. HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY, B. HAS READ AND UNDERSTANDS THE POLICY, C. HAS AGREED TO COMPLY WITH THE POLICY, AND D. UNDERSTANDS THE ORGANIZATION IS CHARITABLE AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTITIVIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX EXEMPT PURPOSES. PERIODIC REVIEWS - TO ENSURE THE ORGANIZATION OPERATES IN A MANNER CONSISTENT WITH CHARITABLE PURPOSES AND DOES NOT ENGAGE IN ACTIVITIES THAT COULD JEOPARDIZE ITS TAX-EXEMPT STATUS, PERIODIC REVIEWS SHALL BE CONDUCTED. THE PERIODIC REVIEWS SHALL, AT A MINIMUM, INCLUDE THE FOLLOWING SUBJECTS: A. WHETHER COMPENSATION ARRANGMENTS AND BENEFITS ARE REASONABLE, BASED ON COMPETENT SURVEY INFORMATION AND THE RESULT OF ARM'S LENGTH BARGAINING. B. WHETHER PARTNERSHIPS, JOINT VENTURES AND ARRANGEMENTS WITH MANAGEMENT ORGANIZATIONS CONFORM TO THE ORGANIZATION'S WRITTEN POLICIES, ARE PROPERLY RECORDED, REFLECT REASONABLE INVESTMENT OR PAYMENTS FOR GOODS AND SERVICES, FURTHER CHARITABLE PURPOSES AND DO NOT RESULT IN INUREMENT, IMPERMISSIBLE PRIVATE BENEFIT OR IN AN EXCESS BENEFIT TRANSACTION. | |
| FORM 990, PART VI, SECTION B, LINE 15 | THE NEW ORLEANS PUBLIC LIBRARY FOUNDATION, WHEN HIRING EXECUTIVE STAFF, MANAGEMENT OFFICIALS, AND KEY EMPLOYEES, INCLUDES A REVIEW BY INDEPENDENT PERSONS OF COMPARABILITY DATA OF AT LEAST THREE COMPARABLE ORGANIZATIONS. THIS COMPENSATION IS UNDERSTOOD TO BE THE VALUE THAT WOULD ORDINARILY BE PAID FOR LIKE SERVICES BY LIKE ENTERPRISES UNDER LIKE CIRCUMSTANCES. THE REVIEW PROCESS INCLUDES THE FOLLOWING REQUIREMENTS: 1. THE TRANSACTION IS APPROVED BY THE BOARD OF DIRECTORS OF THE NEW ORLEANS PUBLIC LIBRARY FOUNDATION. 2. THE NEW ORLEANS PUBLIC LIBRARY FOUNDATION USES APPROPRIATE DATA TO DETERMINE COMPARABILITY PRIOR TO MAKING A DECISION THROUGH REVIEW OF 990 FORMS AND INDEPENDENT DATA DETAILING COMPENSATION OF SIMILAR OFFICES IN SIMILAR ORGANIZATIONS. 3. THE NEW ORLEANS PUBLIC LIBRARY FOUNDATION DOCUMENTS THE BASIS FOR ITS DETERMINATION WHILE MAKING ITS DECISION THROUGH THE RECORDING OF THE MINUTES OF SUCH MEETINGS OF THE BOARD OF DIRECTORS. 4. WHEN DETERMING THE COMPENSATION AND BENEFITS PACKAGES, THE NEW ORLEANS PUBLIC LIBRARY FOUNDATION IDENTIFIES ALL DISQUALIFIED PERSONS CONNECTED TO THEIR ORGANIZATION. 5. THE NEW ORLEANS PUBLIC LIBRARY FOUNDATION FOLLOWS THE PROCEDURES FOR REBUTTABLE PRESUMPTION OF REASONABLENESS. 6. THE NEW ORLEANS PUBLIC LIBRARY FOUNDATION BENCHMARKS EMPLOYEE SALARIES AGAINST COMPARABLE PEERS. | |
| FORM 990, PART VI, SECTION C, LINE 19 | THE NEW ORLEANS PUBLIC LIBRARY FOUNDATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC THROUGH ITS PUBLIC DISCLOSURE POLICY: THE NEW ORLEANS PUBLIC LIBRARY FOUNDATION'S IRS FORM 990, CONFLICT OF INTEREST POLICY, AND APPROPRIATE PUBLIC GOVERNING AND FINANCIAL DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. COPIES WILL BE PROVIDED IMMEDIATELY IN THE CASE OF IN-PERSON REQUESTS AT THE OFFICES OF THE NEW ORLEANS PUBLIC LIBRARY FOUNDATION. REQUESTS RECEIVED BY WRITTEN, PHONE, FAX OR E-MAIL MEANS WILL BE HONORED BY MAILING SAID DOCUMENTS TO THE PUBLIC INDIVIDUAL MAKING THE REQUEST. THE CURRENT FORM 990, AS WELL AS THE PREVIOUS 5 YEARS, CONFLICT OF INTEREST POLICY, AND ANNUAL REPORT CAN BE FOUND AT THE FOUNDATION'S OFFICES: 219 LOYOLA AVENUE, NEW ORLEANS, LA 70112. THE NOPLF RESERVES THE RIGHT TO CHARGE A REASONABLE COPYING FEE PLUS ACTUAL POSTAGE FOR MULTIPLE COPIES REQUESTED FROM THE SAME INDIVIDUAL OR RELATED GROUP OF INDIVIDUALS. | |
| FORM 990, PART XI, LINE 5: | NET UNREALIZED LOSSES ON INVESTMENTS: -236,792. OVERSTATEMENT OF EXPENSES DUE TO INCORRECT BEGINNING BALANCE FOR A/P -35,328. TOTAL TO FORM 990, PART XI, LINE 5: -272,120. | CHANGES IN NET ASSETS OR FUND BALANCES: |
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