2013-01-07T11:21:06-06:00 2011-12-31 720136870 BOURGEOIS BENNETT LLC 111 VETERANS BLVD 17TH FLOOR METAIRIE LA 70005 990 2011-01-01 721179236 NEW ORLEANS PUBLIC LIBRARY FOUNDATION NEWO 5045962615 219 LOYOLA AVENUE NEW ORLEANS LA 70112 KELLIE GLEASON 5045962615 2012-08-27 1 LAURENCE R HOLMES P00664488 5048314949 2011 2016-02-25 16:41:14Z KELLIE GLEASON 219 LOYOLA AVENUE NEW ORLEANS LA 70112 1733190 0 X WWW.NOPLF.ORG X 1990 LA SUPPORT OF THE CITY OF NEW ORLEANS LIBRARY SYSTEM INCLUDING RAISING MONEY AND MAKING EXPENDITURES IN SUPPORT OF LIBRARY OPERATIONS. 7 7 3 0 0 0 418914 214355 0 0 215499 481232 0 -159019 634413 536568 648137 831546 0 0 184183 61902 0 0 104334 113896 231351 946216 1124799 -311803 -588231 4400315 3555453 104839 120328 4295476 3435125 SUPPORT OF THE CITY OF NEW ORLEANS LIBRARY SYSTEM INCLUDING RAISING AND EXPENDING FUNDS TO SUPPLEMENT LIBRARY OPERATIONS. 0 0 831546 214355 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. 831546 1 1 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 3 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X KELLIE GLEASON 5045962552 219 LOYOLA AVENUE NEW ORLEANS LA 70116 X RUTH MCCUSKER 0.50 X 0 0 0 IRVIN MAYFIELD 10.00 X X 0 0 0 GERALD DUHON 0.50 X X 0 0 0 RONALD MARKHAM 0.50 X 0 0 0 SCOTT CUNNINGHAM 0.50 X 0 0 0 DAN FOREMAN 0.50 X X 0 0 0 HELEN KHOLMAN 0.50 X 0 0 0 0 0 0 0 0 0 0 0 214355 214355 40584 40584 1430737 990089 440648 440648 440648 47514 206533 -159019 -159019 536568 0 0 322213 831546 831546 56037 26842 29195 1519 728 791 4346 2082 2264 19919 19919 20411 20411 40236 40236 60551 60551 11864 5683 6181 833 833 9793 4691 5102 CONSULTING 65000 65000 MISCELLANEOUS 1330 1330 BANK FEES 935 935 TELEPHONE 466 223 243 13 6 7 1124799 831546 188919 104334 253048 40517 666214 7027 81909 61546 8655 4452 2935 4203 2447657 2586252 948552 855908 4400315 3555453 2632 18121 102207 102207 104839 120328 X 3626674 2769312 668802 665813 4295476 3435125 4400315 3555453 X -588231 -272120 X 0 1 1 X 0 X 1023961 1069840 1054522 228777 179595 3556695 1023961 1069840 1054522 228777 179595 3556695 1359795 2196900 137629 98291 110654 103949 40584 491107 4047802 0.54270 0.65810 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8655 4452 4203 4203 INVESTMENTS - BONDS 855908 F 855908 DUE TO NEW ORLEANS PUBLIC LIBRARY 102207 102207 536568 1124799 -588231 -236792 -35328 -272120 -860351 299776 -236792 -236792 536568 0 536568 1124799 0 1124799 0 1124799 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. LOVE SESSIONS 47514 47514 206533 47514 47514 206533 206533 -159019 1 CITY OF NEW ORLEANS PUBLIC LIBRARY 219 LOYOLA AVENUE NEW ORLEANS LA 70112 726000969 831546 ACTUAL EXPENDITURES NA GENERAL SUPPORT 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. 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. CHANGES IN NET ASSETS OR FUND BALANCES: 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.