MEMPHIS LIBRARY FOUNDATION: Form 990, tax year 2009
View the entire original 990 at ProPublica ↗
- Organization
- MEMPHIS LIBRARY FOUNDATION (EIN 62-1590768)
- Tax period
- 2009-07-01 to 2010-06-30
- Filed
- 2011-02-14
- IRS object ID
- 201100459349302010
- Schema version
- 2009v1.7
- 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 | 2011-02-14T16:53:55-06:00 | Timestamp |
| Tax Period End Date | 2010-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Joseph Decosimo and Company PLLC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6750 Poplar Avenue Suite 600 | AddressLine1 |
| City | Memphis | City |
| State | TN | State |
| ZIP Code | 38138 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2009-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 621590768 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FOUNDATION FOR THE MEMPHIS SHELBY | BusinessNameLine1 |
| Business Name Line2 | COUNTY PUBLIC LIBRARY INC | BusinessNameLine2 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | FOUN | NameControl |
| Phone | 9014152833 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3030 POPLAR AVE | AddressLine1 |
| City | MEMPHIS | City |
| State | TN | State |
| ZIP Code | 38111 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | SUKI CARSON | Name |
| Title | CHAIRMAN | Title |
| Phone | 9014152833 | Phone |
| Date Signed | 2011-02-09 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | M Arnold McGruder CPA | Name |
| Phone | 9016838899 | Phone |
| Date Prepared | 2011-02-09 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2009 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | SUKI CARSON | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3030 POPLAR AVENUE | AddressLine1 |
| City | MEMPHIS | City |
| State | TN | State |
| ZIP Code | 38111 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 850799 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | www.memphislibraryfoundation.org | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1995 | YearFormation |
| State Legal Domicile | TN | StateLegalDomicile |
| Activity Or Mission Description | FOR THE BENEFIT & DEVELOPMENT OF THE MEMPHIS/SHELBY CO. PUBLIC LIBRARY | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 14 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 14 | NbrIndependentVotingMembers |
| Total Nbr Employees | 0 | TotalNbrEmployees |
| Total Nbr Volunteers | 20 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 275112 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 300168 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 93774 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 0 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 22919 | InvestmentIncomePriorYear |
| Investment Income Current Year | 109586 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 23666 | OtherRevenuePriorYear |
| Other Revenue Current Year | 1237 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 415471 | TotalRevenuePriorYear |
| Total Revenue Current Year | 410991 | TotalRevenueCurrentYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Current Year | 0 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 364987 | OtherExpensePriorYear |
| Other Expenses Current Year | 254610 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 364987 | TotalExpensesPriorYear |
| Total Expenses Current Year | 254610 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 50484 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 156381 | RevenuesLessExpensesCY |
| Total Assets BOY | 4298805 | TotalAssetsBOY |
| Total Assets EOY | 4736031 | TotalAssetsEOY |
| Total Liabilities BOY | 7683 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 3408 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 4291122 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 4732623 | NetAssetsOrFundBalancesEOY |
| Mission Description | The Foundation for the Memphis Shelby County Public Library is a not for profit organization whose purpose is to operate exclusively for the benefit of, to assist in the development of, and to carry out the purpose of the Cossitt Library, doing business as the Memphis Public Library & Information Center. The Foundation accepts, processes, and manages private support for the library from individuals, foundations and corporations. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 155763 | Expense |
| Description | The Foundation accepts donations and grants from those seeking to enhance the collections of the Memphis Public Library. | Description |
| Total Program Service Expense | 155763 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Balance Sheet Amounts Reported | 1 | BalanceSheetAmountsReported |
| 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 | 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 |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 3 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 0 | NumberOfEmployees |
| 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 |
| Nbr Voting Governing Body Members | 14 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 14 | 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 | 0 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 0 | CompensationProcessCEO |
| Compensation Process Other | 0 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | TN | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GEORGIA MURPHY | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 9016838899 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6750 POPLAR AVENUE STE 600 | AddressLine1 |
| City | MEMPHIS | City |
| State | TN | State |
| ZIP Code | 38138 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| No Listed Persons Compensated | X | NoListedPersonsCompensated |
Form990 Part VII Section A Form990PartVIISectionA (13 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation |
|---|---|---|---|---|---|---|
| SUKI CARSON | ||||||
| CHAIRMAN | 4.00 | X | X | 0 | 0 | 0 |
| CURTIS DILLIHUNT | ||||||
| VICE-CHAIR | 2.00 | X | X | 0 | 0 | 0 |
| HERMAN MORRIS | ||||||
| SECRETARY | 2.00 | X | X | 0 | 0 | 0 |
| RON COLEMAN | ||||||
| TREASURER | 2.00 | X | X | 0 | 0 | 0 |
| DUNBAR ABSTON | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| JACK A BELZ | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| W J MICHAEL CODY | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| LESLIE S DALE | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| JOHN PAUL JONES | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| HERB O'MELL | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| WAYNE W PYEATT | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| HONEY SCHEIDT | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| JOHN W STOKES | ||||||
| DIRECTOR | 1.00 | 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 | 300168 | AllOtherContributions |
| Total Contributions | 300168 | TotalContributions |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 61434 | TotalRevenueColumn |
| Exclusion | $61,434 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 476972 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 428820 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 48152 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 48152 | TotalRevenueColumn |
| Related Or Exempt Function Income | 48152 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 8700 | GrossIncomeFundraisingEvents |
| Fundraising Direct Expenses | 10988 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -2288 | TotalRevenueColumn |
| Exclusion | -$2,288 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | Meeting Room Fees | Description |
| Business Code | 451211 | BusinessCode |
| Total Revenue Column | 3525 | TotalRevenueColumn |
| Related Or Exempt Function Income | 3525 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 3525 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 410991 | TotalRevenueColumn |
| Related Or Exempt Function Income | 51677 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $59,146 | ExclusionAmount |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 22428 | Total |
| Management And General | 22428 | ManagementAndGeneral |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 9877 | Total |
| Management And General | 9877 | ManagementAndGeneral |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral |
|---|---|---|---|
| BOOK COLLECTIONS AND PR | 155763 | 155763 | |
| BAD DEBT | 54076 | 54076 | |
| CONTRACT LABOR | 7995 | 7995 | |
| MISCELLANEOUS | 4471 | 4471 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 254610 | Total |
| Program Services | 155763 | ProgramServices |
| Management And General | 98847 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 900720 | BOY |
| EOY | 330872 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 250580 | BOY |
| EOY | 254125 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 253031 | BOY |
| EOY | 219841 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1375925 | BOY |
| EOY | 2201553 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1479104 | BOY |
| EOY | 1686182 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 39445 | BOY |
| EOY | 43458 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4298805 | BOY |
| EOY | 4736031 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5339 | BOY |
| EOY | 2987 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2344 | BOY |
| EOY | 421 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7683 | BOY |
| EOY | 3408 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1311118 | BOY |
| EOY | 1685768 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 753873 | BOY |
| EOY | 784994 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2226131 | BOY |
| EOY | 2261861 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4291122 | BOY |
| EOY | 4732623 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4298805 | BOY |
| EOY | 4736031 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| 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 | 721656 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 822987 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 632756 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 313818 | CurrentTaxYearMinus1Year |
| Current Tax Year | 300169 | CurrentTaxYear |
| Total | 2791386 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 721656 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 822987 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 632756 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 313818 | CurrentTaxYearMinus1Year |
| Current Tax Year | 300169 | CurrentTaxYear |
| Total | 2791386 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amounts Subst Contributors Total | 270886 | AmountsSubstContributorsTotal |
| Public Support Total170 | 2520500 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 93530 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 52877 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 151596 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 41963 | CurrentTaxYearMinus1Year |
| Current Tax Year | 394705 | CurrentTaxYear |
| Total | 734671 | Total |
Other Income170 OtherIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year | 3525 | CurrentTaxYear |
| Total | 3525 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 3529582 | TotalSupport |
| Gross Receipts From Admissions Etc | 351216 | GrossReceiptsFromAdmissionsEtc |
| Public Support Pertcentage170 | 0.71410 | PublicSupportPertcentage170 |
| Public Support Pertcent Prior Year | 0.67560 | PublicSupportPertcentPriorYear |
| Thirty Three Percnt Tests CY170 | X | ThirtyThreePercntTestsCY170 |
| General Explanation | Schedule A, Part II, Line 10, Explanation of Other Income: Meeting Room Fees | GeneralExplanation |
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
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 2231944 | BeginningOfYearBalance |
| Contributions | 31717 | Contributions |
| Investment Earnings Or Losses | 4013 | InvestmentEarningsOrLosses |
| End Of Year Balance | 2267674 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 2170742 | BeginningOfYearBalance |
| Contributions | 63415 | Contributions |
| Investment Earnings Or Losses | -6016 | InvestmentEarningsOrLosses |
| End Of Year Balance | 2231944 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.01000 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.99000 | PermanentEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 1 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
| Total Of Book Value Land Buildings | 0 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities (2 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| Community Foundation - endowment | 1048715 | F |
| Community Foundation - operating | 637467 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 1686182 | TotalOfBookValueSecurities |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | Due to Friends of the Library | Description |
| Amount | $421 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 421 | TotalOfAmounts |
| Total Revenue | 410991 | TotalRevenue |
| Total Expenses | 254610 | TotalExpenses |
| Excess Or Deficit For Year | 156381 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 300411 | NetUnrealizedGLOnInvestments |
| Investment Expenses | -19304 | InvestmentExpenses |
| Other | $4,013 | OtherAmount |
| Total Adjustments | 285120 | TotalAdjustments |
| Excess Or Deficit Per FS | 441501 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 756282 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 300411 | NetUnrealizedGainsInvestments |
| Other Revenues | 44880 | OtherRevenues |
| Revenue Not Rptd F990 | 345291 | RevenueNotRptdF990 |
| Revenue Subtotal | 410991 | RevenueSubtotal |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 410991 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 314781 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 60171 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 60171 | ExpensesNotRptdF990 |
| Expenses Subtotal | 254610 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 254610 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (5 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Part V, Line 4: | Description of Intended Use of Endowment Funds: | THE FOUNDATION'S APPROPRIATION FOR DISTRIBUTION IS THE TOTAL INTEREST AND DIVIDENDS INCOME. THE SPENDING POLICY IS REEVALUATED ANNUALLY TO REFLECT THE FOUNDATION'S CURRENT OBJECTIVES AND THE LONG-TERM EXPECTED RETURN ON ITS ENDOWMENT. |
| Part X: | Description of Uncertain Tax Positions Under FIN 48: | Item 2. Fin 48 disclosure: Effective July 1, 2009, the Foundation adopted the FASB's new interpretation, "Accounting for Uncertainty in Income Taxes." This interpretation prescribes a recognition threshold and measurement attributes for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. The adoption of this interpretation did not have a material effect on the Foundation's financial statements. |
| Part XI, Line 8 - Other Adjustments: | CHANGE IN VALUE OF BENEFICIAL INTEREST IN ENDOWMENT: 4013. | |
| Part XII, Line 2d - Other Adjustments: | CHANGE IN VALUE OF BENEFICIAL INTEREST IN ENDOWMENT: 4013. IN KIND CONTRIBUTIONS: 60171. Investment Fees: -19304. | |
| Part XIII, Line 2d - Other Adjustments: | IN KIND CONTRIBUTIONS: 60171. |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (3 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| Form 990, Part VI, Section B, line 11 | After the audit is presented by the auditor to the Foundation's board, the 990 is prepared by the auditor. This is then reviewed by the Executive Committee to ensure the information is accurate. Members of the Foundation board have full access to the 990. |
| Form 990, Part VI, Section B, line 12c | If contracts or other business is conducted, the executive committee reviews whether there could potentially be any conflict of interest. |
| Form 990, Part VI, Section C, line 19 | Yes, these are available upon request. Requestor must pay duplication costs. Financial statements are provided via copies of the annual audit. |
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