2011-02-14T16:53:55-06:00 2010-06-30 Joseph Decosimo and Company PLLC 6750 Poplar Avenue Suite 600 Memphis TN 38138 990 2009-07-01 621590768 FOUNDATION FOR THE MEMPHIS SHELBY COUNTY PUBLIC LIBRARY INC FOUN 9014152833 3030 POPLAR AVE MEMPHIS TN 38111 SUKI CARSON 9014152833 2011-02-09 1 M Arnold McGruder CPA 9016838899 2011-02-09 2009 2016-02-24 21:20:13Z SUKI CARSON 3030 POPLAR AVENUE MEMPHIS TN 38111 850799 0 X www.memphislibraryfoundation.org X 1995 TN FOR THE BENEFIT & DEVELOPMENT OF THE MEMPHIS/SHELBY CO. PUBLIC LIBRARY 14 14 0 20 0 0 275112 300168 93774 0 22919 109586 23666 1237 415471 410991 0 0 0 0 0 364987 254610 364987 254610 50484 156381 4298805 4736031 7683 3408 4291122 4732623 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. 0 0 155763 The Foundation accepts donations and grants from those seeking to enhance the collections of the Memphis Public Library. 155763 1 1 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 3 0 1 0 0 0 0 0 0 0 0 14 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 0 0 0 TN X GEORGIA MURPHY 9016838899 6750 POPLAR AVENUE STE 600 MEMPHIS TN 38138 X SUKI CARSON 4.00 X X 0 0 0 CURTIS DILLIHUNT 2.00 X X 0 0 0 HERMAN MORRIS 2.00 X X 0 0 0 RON COLEMAN 2.00 X X 0 0 0 DUNBAR ABSTON 1.00 X 0 0 0 JACK A BELZ 1.00 X 0 0 0 W J MICHAEL CODY 1.00 X 0 0 0 LESLIE S DALE 1.00 X 0 0 0 JOHN PAUL JONES 1.00 X 0 0 0 HERB O'MELL 1.00 X 0 0 0 WAYNE W PYEATT 1.00 X 0 0 0 HONEY SCHEIDT 1.00 X 0 0 0 JOHN W STOKES 1.00 X 0 0 0 0 0 0 0 0 0 0 0 300168 300168 61434 61434 476972 428820 48152 48152 48152 8700 10988 -2288 -2288 Meeting Room Fees 451211 3525 3525 3525 410991 51677 0 59146 22428 22428 9877 9877 BOOK COLLECTIONS AND PR 155763 155763 BAD DEBT 54076 54076 CONTRACT LABOR 7995 7995 MISCELLANEOUS 4471 4471 254610 155763 98847 0 900720 330872 250580 254125 253031 219841 1375925 2201553 1479104 1686182 39445 43458 4298805 4736031 5339 2987 2344 421 7683 3408 X 1311118 1685768 753873 784994 2226131 2261861 4291122 4732623 4298805 4736031 X 0 1 1 X 0 X 721656 822987 632756 313818 300169 2791386 721656 822987 632756 313818 300169 2791386 270886 2520500 93530 52877 151596 41963 394705 734671 3525 3525 3529582 351216 0.71410 0.67560 X Schedule A, Part II, Line 10, Explanation of Other Income: Meeting Room Fees RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2231944 31717 4013 2267674 2170742 63415 -6016 2231944 0.01000 0.99000 1 0 0 Community Foundation - endowment 1048715 F Community Foundation - operating 637467 F 1686182 Due to Friends of the Library 421 421 410991 254610 156381 300411 -19304 4013 285120 441501 756282 300411 44880 345291 410991 0 410991 314781 60171 60171 254610 0 254610 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. 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.