LIBRARY COMPANY OF PHILADELPHIA: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- LIBRARY COMPANY OF PHILADELPHIA (EIN 23-1370444)
- Tax period
- 2012-01-01 to 2012-12-31
- Filed
- 2013-07-22
- IRS object ID
- 201322039349300432
- Schema version
- 2012v2.1
- 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 | 2013-07-22T14:30:41-05:00 | Timestamp |
| Tax Period End Date | 2012-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 231406493 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MORISON COGEN LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 150 MONUMENT RD - SUITE 500 | AddressLine1 |
| City | BALA CYNWYD | City |
| State | PA | State |
| ZIP Code | 19004 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2012-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 231370444 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE LIBRARY COMPANY OF PHILADELPHIA | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | LIBR | NameControl |
| Phone | 2155463181 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1314 LOCUST STREET | AddressLine1 |
| City | PHILADELPHIA | City |
| State | PA | State |
| ZIP Code | 19107 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | JOHN C VAN HORNE | Name |
| Title | EXECUTIVE DIRECTOR | Title |
| Phone | 2155463181 | Phone |
| Date Signed | 2013-06-27 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | JOSEPH M KISTNER CPA | Name |
| PTIN | P00157086 | PTIN |
| Phone | 2674403000 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1314 LOCUST STREET | AddressLine1 |
| City | PHILADELPHIA | City |
| State | PA | State |
| ZIP Code | 19107 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 9954494 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.LIBRARYCOMPANY.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1731 | YearFormation |
| State Legal Domicile | PA | StateLegalDomicile |
| Activity Or Mission Description | INDEPENDENT RESEARCH LIBRARY FOR THE STUDY OF AMERICAN HISTORY AND CULTURE. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 18 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 18 | NbrIndependentVotingMembers |
| Total Nbr Employees | 30 | TotalNbrEmployees |
| Total Nbr Volunteers | 3 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 4614648 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 1343881 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 251242 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 224498 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 1392896 | InvestmentIncomePriorYear |
| Investment Income Current Year | 1717014 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 0 | OtherRevenuePriorYear |
| Other Revenue Current Year | 0 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 6258786 | TotalRevenuePriorYear |
| Total Revenue Current Year | 3285393 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 128620 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 209100 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 1400294 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 1405286 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 227892 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 1436629 | OtherExpensePriorYear |
| Other Expenses Current Year | 1270260 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 2965543 | TotalExpensesPriorYear |
| Total Expenses Current Year | 2884646 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 3293243 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 400747 | RevenuesLessExpensesCY |
| Total Assets BOY | 34163557 | TotalAssetsBOY |
| Total Assets EOY | 35737965 | TotalAssetsEOY |
| Total Liabilities BOY | 264378 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 54676 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 33899179 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 35683289 | NetAssetsOrFundBalancesEOY |
| Mission Description | THE MISSION OF THE LIBRARY COMPANY IS TO ENRICH PUBLIC UNDERSTANDING OF OUR NATION'S HISTORY BY FOSTERING ADVANCED RESEARCH IN ITS COLLECTIONS OF PRIMARY SOURCE MATERIALS RELATING TO AMERICAN HISTORY AND CULTURE FROM THE 17TH THROUGH 19TH CENTURIES. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 2259916 | Expense |
| Grants | 209100 | Grants |
| Revenue | 224498 | Revenue |
| Description | OPERATION OF A RARE BOOK REPOSITORY AND RESEARCH LIBRARY, PRESENTING EXHIBITS, PROGRAMS AND PUBLICATIONS FOR MEMBERS AND GENERAL PUBLIC | Description |
| Total Program Service Expense | 2259916 | 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 | 1 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 0 | 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 | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 1 | GrantsToIndividuals |
| Schedule J Required | 1 | 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 | 1 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 1 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 83 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 30 | 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 | 1 | QuidProQuoContributions |
| Quid Pro Quo Disclosure | 1 | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 18 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 18 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | 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 | 0 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | PA | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE LIBRARY COMPANY | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 2155463181 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1314 LOCUST STREET | AddressLine1 |
| City | PHILADELPHIA | City |
| State | PA | State |
| ZIP Code | 19107 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (33 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation |
|---|---|---|---|---|---|---|
| B ROBERT DEMENTO | ||||||
| PRESIDENT | 5.00 | X | X | 0 | 0 | 0 |
| HOWELL K ROSENBERG | ||||||
| VICE PRESIDENT | 3.00 | X | X | 0 | 0 | 0 |
| ROBERT J CHRISTIAN | ||||||
| TREASURER | 3.00 | X | X | 0 | 0 | 0 |
| HELEN S WEARY | ||||||
| SECRETARY | 3.00 | X | X | 0 | 0 | 0 |
| HARRY S CHERKEN JR | ||||||
| TRUSTEE | 3.00 | X | 0 | 0 | 0 | |
| NICHOLAS D CONSTAN JR | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| MAUDE DE SCHAUENSEE | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| DAVIDA T DEUTSCH | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| AUTUMN ADKINS GRAVES | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| CHARLES B LANDRETH | ||||||
| TRUSTEE | 3.00 | X | 0 | 0 | 0 | |
| RICHARD WOOD SNOWDEN | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| STEPHEN P MULLIN | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| MARTHA HAMILTON MORRIS | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| PETER STALLYBRASS | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| JOHN F MEIGS | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| JOHN C TUTEN | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| IGNATIUS C WANG | ||||||
| TRUSTEE | 3.00 | X | 0 | 0 | 0 | |
| CLARENCE WOLF | ||||||
| TRUSTEE | 3.00 | X | 0 | 0 | 0 | |
| PETER A BENOLIEL | ||||||
| TRUSTEE - EMERITUS | 1.00 | X | 0 | 0 | 0 | |
| WILLIAM H HELFAND | ||||||
| TRUSTEE - EMERITUS | 1.00 | X | 0 | 0 | 0 | |
| ROGER S HILLAS | ||||||
| TRUSTEE - EMERITUS | 1.00 | X | 0 | 0 | 0 | |
| ELIZABETH P MCLEAN | ||||||
| TRUSTEE - EMERITA | 1.00 | X | 0 | 0 | 0 | |
| DAVID W MAXEY | ||||||
| TRUSTEE - EMERITUS | 1.00 | X | 0 | 0 | 0 | |
| SUSAN O MONTGOMERY | ||||||
| TRUSTEE - EMERITA | 1.00 | X | 0 | 0 | 0 | |
| CHARLES E ROSENBERG | ||||||
| TRUSTEE - EMERITUS | 1.00 | X | 0 | 0 | 0 | |
| WILLIAM H SCHEIDE | ||||||
| TRUSTEE - EMERITUS | 1.00 | X | 0 | 0 | 0 | |
| SEYMOUR I TOLL | ||||||
| TRUSTEE - EMERITUS | 1.00 | X | 0 | 0 | 0 | |
| MICHAEL ZINMAN | ||||||
| TRUSTEE - EMERITUS | 1.00 | X | 0 | 0 | 0 | |
| BEATRICE WB GARVAN | ||||||
| TRUSTEE - EMERITA | 1.00 | X | 0 | 0 | 0 | |
| GORDON M MARSHALL | ||||||
| TRUSTEE - EMERITUS | 1.00 | X | 0 | 0 | 0 | |
| CAROL E SOLTIS | ||||||
| TRUSTEE - EMERITA | 1.00 | X | 0 | 0 | 0 | |
| LOIS G BRODSKY | ||||||
| TRUSTEE - EMERITA | 1.00 | X | 0 | 0 | 0 | |
| JOHN C VAN HORNE | ||||||
| DIRECTOR | 35.00 | X | 149919 | 0 | 18249 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 149919 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 18249 | TotalOtherCompensation |
| Number Individuals GT100 K | 1 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation
Name Of Contractor NameOfContractor
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LIMBACH COMPANY LLC | BusinessNameLine1 |
Address Of Contractor AddressOfContractor
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 175 TITUS AVE | AddressLine1 |
| City | WARRINGTON | City |
| State | PA | State |
| ZIP Code | 18976 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description Of Services | BOILER REPLACEMENT AND BUILDING MAINTENA | DescriptionOfServices |
| Compensation | 384772 | Compensation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 1 | NumberOfContractorsGT100K |
| Membership Dues | 96693 | MembershipDues |
| Government Grants | 480606 | GovernmentGrants |
| All Other Contributions | 766582 | AllOtherContributions |
| Noncash Contributions | 129667 | NoncashContributions |
| Total Contributions | 1343881 | TotalContributions |
Program Service Revenue ProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | OTHER LIBRARY SERVICES | Description |
| Business Code | 519100 | BusinessCode |
| Total Revenue Column | 224498 | TotalRevenueColumn |
| Related Or Exempt Function Income | 224498 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 224498 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 681473 | TotalRevenueColumn |
| Exclusion | $681,473 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 7704642 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 6669101 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 1035541 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1035541 | TotalRevenueColumn |
| Exclusion | $1,035,541 | ExclusionAmount |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 3285393 | TotalRevenueColumn |
| Related Or Exempt Function Income | 224498 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $1,717,014 | ExclusionAmount |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 209100 | Total |
| Program Services | 209100 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 168168 | Total |
| Program Services | 130214 | ProgramServices |
| Management And General | 10471 | ManagementAndGeneral |
| Fundraising | 27483 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 979121 | Total |
| Program Services | 758142 | ProgramServices |
| Management And General | 60967 | ManagementAndGeneral |
| Fundraising | 160012 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 74417 | Total |
| Program Services | 56217 | ProgramServices |
| Management And General | 4178 | ManagementAndGeneral |
| Fundraising | 14022 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 94668 | Total |
| Program Services | 80446 | ProgramServices |
| Management And General | 6787 | ManagementAndGeneral |
| Fundraising | 7435 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 88912 | Total |
| Program Services | 69192 | ProgramServices |
| Management And General | 5377 | ManagementAndGeneral |
| Fundraising | 14343 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1683 | Total |
| Management And General | 1683 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 33512 | Total |
| Program Services | 30161 | ProgramServices |
| Management And General | 3351 | ManagementAndGeneral |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 188224 | Total |
| Management And General | 188224 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 161899 | Total |
| Program Services | 145016 | ProgramServices |
| Management And General | 16108 | ManagementAndGeneral |
| Fundraising | 775 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 14414 | Total |
| Program Services | 13756 | ProgramServices |
| Management And General | 658 | ManagementAndGeneral |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 48353 | Total |
| Program Services | 46643 | ProgramServices |
| Management And General | 1396 | ManagementAndGeneral |
| Fundraising | 314 | Fundraising |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 173504 | Total |
| Program Services | 156154 | ProgramServices |
| Management And General | 17350 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 38691 | Total |
| Program Services | 34822 | ProgramServices |
| Management And General | 3869 | ManagementAndGeneral |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral |
|---|---|---|---|
| UTILITIES | 194057 | 145709 | 48348 |
| BOOKS AND PERIODICALS | 86800 | 86800 | |
| MAINTENANCE | 80256 | 60192 | 20064 |
| PROGRAM HONORARIA | 64150 | 64150 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 184717 | Total |
| Program Services | 173202 | ProgramServices |
| Management And General | 8007 | ManagementAndGeneral |
| Fundraising | 3508 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2884646 | Total |
| Program Services | 2259916 | ProgramServices |
| Management And General | 396838 | ManagementAndGeneral |
| Fundraising | 227892 | Fundraising |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 348726 | BOY |
| EOY | 127311 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 53150 | BOY |
| EOY | 63895 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 247515 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 14890 | BOY |
| EOY | 53761 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 8185295 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 1320843 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6776347 | BOY |
| EOY | 6864452 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 26970444 | BOY |
| EOY | 28381031 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 34163557 | BOY |
| EOY | 35737965 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 248663 | BOY |
| EOY | 54676 | EOY |
Escrow Account Liability EscrowAccountLiability
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 15715 | BOY |
| EOY | 0 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 264378 | BOY |
| EOY | 54676 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9822008 | BOY |
| EOY | 10016916 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2376536 | BOY |
| EOY | 2282913 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 21700635 | BOY |
| EOY | 23383460 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 33899179 | BOY |
| EOY | 35683289 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 34163557 | BOY |
| EOY | 35737965 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expenses | 400747 | ReconcilationRevenueExpenses |
| Reconciliation Unrealized Invest | 1383363 | ReconciliationUnrealizedInvest |
| Reconcilation Other Changes | 0 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
FS Audited Basis FSAuditedBasis
| Field | Value | IRS element (for citing) |
|---|---|---|
| Financial Statement Separate | X | FinancialStatementSeparate |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | 1 | AuditCommittee |
| 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 | 870696 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 4050681 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 1243116 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 4614648 | CurrentTaxYearMinus1Year |
| Current Tax Year | 1343881 | CurrentTaxYear |
| Total | 12123022 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 870696 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 4050681 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 1243116 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 4614648 | CurrentTaxYearMinus1Year |
| Current Tax Year | 1343881 | CurrentTaxYear |
| Total | 12123022 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amounts Subst Contributors Total | 3320742 | AmountsSubstContributorsTotal |
| Public Support Total170 | 8802280 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 383310 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 666663 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 666441 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 781925 | CurrentTaxYearMinus1Year |
| Current Tax Year | 681473 | CurrentTaxYear |
| Total | 3179812 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 15302834 | TotalSupport |
| Gross Receipts From Admissions Etc | 1170872 | GrossReceiptsFromAdmissionsEtc |
| Public Support Pertcentage170 | 0.57520 | PublicSupportPertcentage170 |
| Public Support Pertcent Prior Year | 0.56080 | 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collect Used For Public Exhibition | X | CollectUsedForPublicExhibition |
| Collect Used For Scholar Research | X | CollectUsedForScholarResearch |
| Collect Used For Preservation | X | CollectUsedForPreservation |
| Solicited Assets For Sale | 0 | SolicitedAssetsForSale |
| Agent Trustee Etc | 1 | AgentTrusteeEtc |
| Beginning Balance | 15715 | BeginningBalance |
| Distributions During Year | 15715 | DistributionsDuringYear |
| Ending Balance | 0 | EndingBalance |
| Included On FS | 1 | IncludedOnFS |
| Explanation In Part XIII | X | ExplanationInPartXIII |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 21700635 | BeginningOfYearBalance |
| Contributions | 145743 | Contributions |
| Investment Earnings Or Losses | 2507901 | InvestmentEarningsOrLosses |
| Other Expenditures | 970819 | OtherExpenditures |
| End Of Year Balance | 23383460 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 21840696 | BeginningOfYearBalance |
| Contributions | 587960 | Contributions |
| Investment Earnings Or Losses | 265097 | InvestmentEarningsOrLosses |
| Other Expenditures | 993118 | OtherExpenditures |
| End Of Year Balance | 21700635 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 20284571 | BeginningOfYearBalance |
| Contributions | 30000 | Contributions |
| Investment Earnings Or Losses | 2299007 | InvestmentEarningsOrLosses |
| Other Expenditures | 772882 | OtherExpenditures |
| End Of Year Balance | 21840696 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 14821468 | BeginningOfYearBalance |
| Contributions | 3037637 | Contributions |
| Investment Earnings Or Losses | 2860088 | InvestmentEarningsOrLosses |
| Other Expenditures | 434622 | OtherExpenditures |
| End Of Year Balance | 20284571 | EndOfYearBalance |
Current Year Minus4 Years CurrentYearMinus4Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 19195403 | BeginningOfYearBalance |
| Contributions | 329913 | Contributions |
| Investment Earnings Or Losses | -4708848 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 5000 | GrantsOrScholarships |
| End Of Year Balance | 14821468 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Permanent Endowment EOY Balance | 1.00000 | PermanentEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 0 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 7749865 | OtherCostOrOtherBasis |
| Depreciation | 1013817 | Depreciation |
| Book Value | 6736048 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 435430 | OtherCostOrOtherBasis |
| Depreciation | 307026 | Depreciation |
| Book Value | 128404 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 6864452 | TotalOfBookValueLandBuildings |
| Footnote In Part XIII | X | FootnoteInPartXIII |
| Tot Revenue Etc Audited Fincl Stmt | 4668756 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 1383363 | NetUnrealizedGainsInvestments |
| Revenue Not Rptd F990 | 1383363 | RevenueNotRptdF990 |
| Revenue Subtotal | 3285393 | RevenueSubtotal |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 3285393 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 2884646 | TotExpensesEtcAuditedFinclStmt |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 2884646 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 2884646 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIII Form990ScheduleDPartXIII (4 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| PART IV, LINE 2B: | THE LIBRARY COMPANY OCCASIONALLY SERVES AS THE FISCAL AGENT FOR OTHER ENTITIES TO FACILITATE THE ADMINISTRATION OF GRANTS. IN 2011 THIS ENTITY WAS THE SOCIETY FOR HISTORIANS OF THE EARLY AMERICAN REPUBLIC. THIS ARRANGEMENT WAS DISCONTINUED IN 2012. GRANTS AND OTHER CONTRIBUTIONS TO THE LIBRARY COMPANY FOR THE BENEFIT OF THIS ENTITY HAVE NOT BEEN REFLECTED IN THE LIBRARY COMPANY'S STATEMENT OF ACTIVITIES AS REVENUE AND EXPENSE AS LIBRARY COMPANY SOLELY ACTS AS AN INTERMEDIARY FOR THE FUNDS. | |
| PART V, LINE 4: | THE LIBRARY COMPANY'S ENDOWMENT COMPRISES FUNDS RESTRICTED BY DONORS TO SUPPORT PARTICULAR ACTIVITIES (E.G., RESEARCH, FELLOWSHIPS, ACQUISITIONS, TECHNOLOGY, CATALOGING, AND MAINTENANCE) AND UNRESTRICTED FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENT THAT SUPPORT ALL ASPECTS FO THE COMPANY'S OPERATIONS. | DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: |
| PART X, LINE 2: | THE ORGANIZATION FOLLOWS FASB ASU NO. 2009-06, INCOME TAXES (TOPIC 740): IMPLEMENTATION GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES AND DISCLOSURE AMENDMENTS FOR NONPUBLIC ENTITIES TAXES. FASB ASC 740 PRESCRIBES GUIDANCE FOR THE FINANCIAL STATEMENT RECOGNITION, MEASUREMENT AND DISCLOSURE OF UNCERTAIN TAX POSITIONS. TAX POSITIONS MUST MEET A MORE-LIKELY-THAN-NOT RECOGNITION THRESHOLD. THERE WERE NO TAX POSITIONS FOR WHICH IT IS REASONABLY POSSIBLE THAT THE TOTAL AMOUNTS OF UNRECOGNIZED TAX BENEFITS WILL SIGNIFICANTLY INCREASE OR DECREASE WITHIN THE NEXT YEAR. TAX YEARS FROM 2008 THROUGH 2011 REMAIN SUBJECT TO EXAMINATION BY MAJOR TAX JURISDICTIONS. | DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: |
| PART III: ORGANIZATION MAINTAINS COLLECTIONS OF ART, HISTORICAL TREASURES AND, OTHER SIMILAR ASSETS. - THE PERMANENT COLLECTIONS COMPRISE APPROXIMATELY 500,000 BOOKS, PAMPHLETS AND BROADSIDES; 160,000 MANUSCRIPTS; 100,000 PRINTS, PHOTOGRAPHS AND OTHER GRAPHIC WORKS; AND SEVERAL HUNDRED WORKS OF ART AND ARTIFACTS. BECAUSE THE VALUES OF THE EXISTING PERMANENT COLLECTIONS ARE NOT READILY DETERMINABLE, IN ACCORDANCE WITH FASB ASC 958, NOT-FOR-PROFIT ENTITIES, THE COMPANY HAS NOT CAPITALIZED THEM. ACCESSIONS AND DEACCESSIONS ARE ACCOUNTED FOR IN UNRESTRICTED NET ASSETS. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | FELLOWSHIP GRANTS | TypeOfGrant |
| Number Of Recipients | 43 | NumberOfRecipients |
| Amount Of Cash Grant | 209100 | AmountOfCashGrant |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Explanation | ALL FELLOWSHIPS SUPPORT RESEARCH IN RESIDENCE AT THE LIBRARY COMPANY; THE REFERENCE STAFF MAINTAINS DAILY CONTACT WITH THE FELLOWS DURING THEIR FELLOWSHIP PERIOD. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form990 Of Other Organizations | X | Form990OfOtherOrganizations |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | JOHN C VAN HORNE | NamePerson |
| Title | DIRECTOR | Title |
| Base Compensation Filing Org | 149919 | BaseCompensationFilingOrg |
| Comp Based On Related Orgs | 0 | CompBasedOnRelatedOrgs |
| Bonus Filing Org | 0 | BonusFilingOrg |
| Bonus Related Orgs | 0 | BonusRelatedOrgs |
| Other Compensation Filing Org | 0 | OtherCompensationFilingOrg |
| Other Compensation Related Orgs | 0 | OtherCompensationRelatedOrgs |
| Deferred Comp Filing Org | 0 | DeferredCompFilingOrg |
| Deferred Comp Related Orgs | 0 | DeferredCompRelatedOrgs |
| Nontaxable Benefits Filing Org | 18249 | NontaxableBenefitsFilingOrg |
| Nontaxable Benefits Related Orgs | 0 | NontaxableBenefitsRelatedOrgs |
| Total Compensation Filing Org | 168168 | TotalCompensationFilingOrg |
| Total Compensation Related Orgs | 0 | TotalCompensationRelatedOrgs |
| Comp Report Prior990 Filing Org | 0 | CompReportPrior990FilingOrg |
| Comp Report Prior990 Related Orgs | 0 | CompReportPrior990RelatedOrgs |
Schedule M IRS990ScheduleM
Books And Publications BooksAndPublications
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Noncash Contribs Rptd F990 | 0 | NoncashContribsRptdF990 |
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 13 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 129667 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FAIR MARKET VALUE | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of8283 Received | 12 | NumberOf8283Received |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 0 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 0 | ThirdPartiesUsed |
Form990 Schedule M Part II Form990ScheduleMPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | NON REPORTING OF REVENUE: | Identifier |
| Return Reference | PART I, LINE 33: | ReturnReference |
| Explanation | BECAUSE THE VALUES OF THE EXISTING PERMANENT COLLECTIONS ARE NOT READILY DETERMINABLE, THE LIBRARY COMPANY HAS NOT CAPITALIZED THEM, NOR DOES IT ASCERTAIN THE MONETARY VALUE OF GIFTS-IN-KIND FOR THE PERMANENT COLLECTIONS. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (5 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| FORM 990, PART VI, SECTION B, LINE 11 | THE EXECUTIVE DIRECTOR, TREASURER, AND STAFF ACCOUNTANT REVIEW THE FORM 990 WITH THE PAID PREPARER. THE FINANCE COMMITTEE RECOMMENDS ACCEPTANCE OF THE 990 TO THE BOARD OF TRUSTEES, AND THE BOARD APPROVES THE 990 PRIOR TO FILING. | |
| FORM 990, PART VI, SECTION B, LINE 12C | COVERED PERSONS ARE SOLICITED ANNUALLY, ASKING THESE INDIVIDUALS TO REPORT ANY POSSIBLE POTENTIAL CONFLICT. | |
| FORM 990, PART VI, SECTION B, LINE 15A | THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES ANNUALLY EVALUATES THE PERFORMANCE OF THE EXECUTIVE DIRECTOR AND DETERMINES COMPENSATION USING COMPARABILITY DATA. | |
| FORM 990, PART VI, SECTION C, LINE 19 | THE IRS DETERMINATION LETTER OF 501(C)3 STATUS AND THE AUDITED FINANCIAL STATEMENTS ARE FURNISHED UPON REQUEST. | |
| FORM 990 , PART XII, LINE 2C | THE FINANCE COMMITTEE PROVIDES OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT. | FINANCIAL STATEMENTS AND REPORTING |
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