2021-12-21T05:49:00-06:00 2021-06-30 390758449 WIPFLI LLP 170 NORTH RADNOR-CHESTER ROAD SUITE 200 RADNOR PA 19087 990 2020-07-01 521173474 FREE LIBRARY OF PHILADELPHIA FOUNDATION FREE 2155675948 1901 VINE STREET PHILADELPHIA PA 191031189 DAVID T EDWARDS CFO 2155675948 2021-12-21 1 DAVID EDWARDS 999009999 JOHN J NIHILL CPA P00844252 6105653930 2021-12-21 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z SAME AS ABOVE DAVID T EDWARDS 1901 VINE STREET PHILADELPHIA PA 191031189 14998758 0 X WWW.FREELIBRARY.ORG X 1891 PA SEE SCHEDULE O.TO DEVELOP RESOURCES AND FUNDING TO EXPAND, ENHANCE, AND SUPPORT THE SERVICES, COLLECTIONS, BUILDING IMPROVEMENTS AND TECHNOLOGY EXPANSION, AND OTHER ACTIVITIES OF THE FREE LIBRARY OF PHILADELPHIA. PROGRAMS INCLUDE EARLY CHILDHOOD, FAMILY, AND ADULT LITERACY; AFTER-SCHOOL HOMEWORK HELP; SUPPORT OF JOB SEEKING EFFORTS; REGIONAL FOUNDATION CENTER; LECTURE SERIES; SUMMER PROGRAMS IN READING AND SCIENCE; AND CULTURAL PERFORMANCES. 29 29 303 300 0 0 12765482 13356624 589958 142497 -561201 1049209 611150 142036 13405389 14690366 0 0 0 0 6934005 6563525 187987 212878 2050855 7057650 4339431 14179642 11115834 -774253 3574532 46949093 55485474 11569765 11156843 35379328 44328631 X TO DEVELOP RESOURCES AND FUNDING TO EXPAND, ENHANCE, AND SUPPORT THE SERVICES, COLLECTIONS, BUILDING IMPROVEMENTS AND TECHNOLOGY EXPANSION, AND OTHER ACTIVITIES OF THE FREE LIBRARY OF PHILADELPHIA. PROGRAMS INCLUDE EARLY CHILDHOOD, FAMILY, AND ADULT LITERACY; AFTER-SCHOOL HOMEWORK HELP; SUPPORT OF JOB SEEKING EFFORTS; REGIONAL FOUNDATION CENTER; LECTURE SERIES; SUMMER PROGRAMS IN READING AND SCIENCE; AND CULTURAL PERFORMANCES. 0 0 5468830 116654 PUBLIC PROGRAMS: TO PROVIDE SUPPORT FOR LITERACY, CULTURAL AND EDUCATIONAL PROGRAMMING ON BEHALF OF THE FREE LIBRARY OF PHILADELPHIA. EXAMPLES OF SUCH PROGRAMS INCLUDE: THE LITERACY ENRICHMENT AFTER-SCHOOL PROGRAM (LEAP), ONE BOOK ONE PHILADELPHIA, SCIENCE IN THE SUMMER, TEEN PROGRAMMING, CULINARY LITERACY, CHRONICLING RESISTANCE, THE AUTHOR LECTURE SERIES, AND SUMMER READING PROGRAM. 1403535 FACILITIES RENOVATIONS: PRIMARILY TO MAKE RENOVATIONS TO THE BRANCH LIBRARIES. 108543 LIBRARY CAPITAL PROJECTS: TO RENOVATE AND ENHANCE THE CENTRAL BRANCH OF THE LIBRARY. 619399 25843 COLLECTIONS AND PRESERVATION: TO ENHANCE THE LIBRARY'S PROMINENT RESEARCH COLLECTIONS, SUCH AS THE FLEISHER COLLECTION, DICKENS COLLECTION, POE COLLECTION, MEDIEVAL MANUSCRIPTS, ETC. 171532 TECHNOLOGY: TO SUPPLEMENT THE LIBRARY'S TECHNOLOGICAL NEEDS SUCH AS WEBSITE DESIGN, DEVELOP INFRASTRUCTURE OF THE LIBRARY'S NETWORK, AND COMPUTER SERVICES FOR THE CHILDREN'S DEPARTMENT. 790931 25843 7771839 1 1 0 1 0 0 0 1 0 1 1 1 0 0 0 1 0 1 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 134 0 1 303 1 0 0 0 0 0 0 0 0 0 0 0 0 X 29 29 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 1 0 PA NJ X FREE LIBRARY OF PHILADELPHIA FOUNDATION 2155675948 1901 VINE STREET PHILADELPHIA PA 19103 SHARA POLLIE S.V.P. DEVELOPMENT 37.50 0.00 X 242324 0 26582 DAVID EDWARDS INTERIM CEO/CHIEF FINANCIAL OFFICER 37.50 0.00 X 178674 0 23819 JAMES PECORA V.P. PROPERTY MANAGEMENT 37.50 0.00 X 176466 0 20519 SARAH MORAN V.P STRATEGIC INITIATIVES 37.50 0.00 X 150883 0 12213 SUSAN GOULD A.V.P. DEVELOPMENT 37.50 0.00 X 145012 0 6597 JENNY BOGONI EXECUTIVE DIRECTOR, READ! BY 4TH 37.50 0.00 X 132712 0 25082 ALIX GERZ V.P. COMMUNICATIONS 37.50 0.00 X 116421 0 20926 ANDREW KAHAN DIRECTOR, AUTHOR EVENTS 37.50 0.00 X 115387 0 16535 D JEFFERY BENOLIEL BOD MEMBER - CHAIR 10.00 0.00 X X 0 0 0 JUDE TURNA BOD MEMBER - FIRST VICE CHAIR 1.00 0.00 X 0 0 0 HONORABLE PAMELA DEMBE LEFT MAY 202 BOD MEMBER - VICE CHAIR, EX-OFFICIO 1.00 0.00 X X 0 0 0 LYNN CHARYTAN BOD MEMBER - SECOND VICE CHAIR 1.00 0.00 X 0 0 0 JAMES BILES BOD MEMBER - TREASURER 1.00 0.00 X X 0 0 0 RICHARD A GREENAWALT BOD MEMBER - SECRETARY 1.00 0.00 X X 0 0 0 SIOBHAN A REARDON LEFT JULY 2020 BOD MEMBER - PRESIDENT & DIRECTOR 18.00 0.00 X X 0 0 0 FOLASADW A OLANIPEKUN-LEWIS BOD MEMBER - VICE CHAIR, EX-OFFICIO 1.00 0.00 X X 0 0 0 ROBERT ADELSON LEFT JUNE 2021 BOD MEMBER 1.00 0.00 X 0 0 0 CYNTHIA AFFLECK BOD MEMBER 1.00 0.00 X 0 0 0 CAROL BANFORD BOD MEMBER 1.00 1.00 X 0 0 0 HONORABLE PHYLLIS W BECK RET BOD MEMBER 1.00 0.00 X 0 0 0 BENITO CACHINO-SANCHEZ BOD MEMBER 1.00 0.00 X 0 0 0 JEFFREY COOPER BOD MEMBER 1.00 0.00 X 0 0 0 TOBEY GORDON DICHTER BOD MEMBER 1.00 0.00 X 0 0 0 DONNA GERSON LEFT DECEMBER 2020 PAST BOD MEMBER 1.00 0.00 X 0 0 0 DONALD GENERALS BOD MEMBER 1.00 0.00 X 0 0 0 MELISSA GRIMM BOD MEMBER 1.00 0.00 X 0 0 0 JANET HAAS MD BOD MEMBER 1.00 0.00 X 0 0 0 PEKKA HAKKARAINEN LEFT JUNE 2021 BOD MEMBER 1.00 0.00 X 0 0 0 ROBERT HEIM BOD MEMBER 1.00 0.00 X 0 0 0 RENEE CARDWELL HUGHES BOD MEMBER 1.00 0.00 X 0 0 0 MICHAEL INNOCENZO BOD MEMBER 1.00 0.00 X 0 0 0 PHILIP JAURIGUE BOD MEMBER 1.00 0.00 X 0 0 0 CHARLES P KEATES ESQ BOD MEMBER 1.00 0.00 X 0 0 0 GEOFFREY KENT BOD MEMBER 1.00 0.00 X 0 0 0 EUGENE BOURNE LEFEVRE LEFT JULY 202 BOD MEMBER 1.00 0.00 X 0 0 0 SUSAN B MULLER BOD MEMBER 1.00 0.00 X 0 0 0 PETER NALLE BOD MEMBER 1.00 1.00 X 0 0 0 PATRICK M OATES PH D BOD MEMBER 1.00 0.00 X 0 0 0 MARSHA PERELMAN LEFT JAN 2021 BOD MEMBER 1.00 0.00 X 0 0 0 WILLIAM R SASSO EMERITUS JUNE 2021 BOD MEMBER 1.00 0.00 X 0 0 0 SHELLEY STEWART BOD MEMBER 1.00 0.00 X 0 0 0 BARBARA SUTHERLAND BOD MEMBER 1.00 0.00 X 0 0 0 KARLA TROTMAN BOD MEMBER 1.00 0.00 X 0 0 0 JOE H TUCKER JR ESQ BOD MEMBER 1.00 0.00 X 0 0 0 JAY WEINSTEIN BOD MEMBER 1.00 0.00 X 0 0 0 SHELDON BONOVITZ LEFT JULY 2020 BOD MEMBER 1.00 0.00 X 0 0 0 GEORGE DAY LEFT JULY 2020 BOD MEMBER 1.00 0.00 X 0 0 0 ANDREA EHRLICH LEFT JULY 2020 BOD MEMBER 1.00 0.00 X 0 0 0 GENE LEFEVRE LEFT JULY 2020 BOD MEMBER 1.00 0.00 X 0 0 0 STEPHANIE NAIDOFF LEFT JULY 2020 BOD MEMBER 1.00 0.00 X 0 0 0 SUSAN SMITH LEFT JULY 2020 BOD MEMBER 1.00 0.00 X 0 0 0 LENORE STEINER LEFT JULY 2020 BOD MEMBER 1.00 0.00 X 0 0 0 LARRY WEISS LEFT JULY 2020 BOD MEMBER 1.00 0.00 X 0 0 0 1257879 0 152273 8 0 1 0 ALLEGIANCE FUNDRAISING LLC 3064 49TH STREET SOUTH FARGO ND 58104 FUNDRAISING 212878 ABT ASSOCIATES INC 10 FAWCATT STREET BOSTON MA 02138 RESEARCH/EVALUATION 163654 MIGHTY ENGINE 3420 MIDVALE AVENUE PHILADELPHIA PA 19129 MARKETING/WEB DEVELOPMENT 113125 DAVID COOPER MOORE DBA MEDIA EDUCATION C 6904 MCCALLUM STREET PHILADELPHIA PA 19119 CONSULTING/DIGITAL LITERACY SKILLS 102486 4 2398332 10958292 13356624 SALES-BOOKS & PUBLIC 900099 104283 104283 FREE LIBRARY SERVICES 900099 25383 25383 FINES & LOST BOOKS 900099 12831 12831 142497 513561 513561 93682 93682 844040 308392 535648 535648 535648 OTHER INCOME 900099 24874 24874 VENDED SYSTEMS 900099 23480 23480 48354 14690366 142497 0 1191245 X 669922 365795 278098 26029 4684823 2856890 697084 1130849 806339 454468 160323 191548 402441 253185 58513 90743 80303 80303 63000 63000 212878 212878 117882 90261 27621 1630921 1295096 235830 99995 387983 321275 4610 62098 445011 265428 61531 118052 137475 120602 16268 605 5511 1108 8 4395 29332 24272 734 4326 229052 229052 61135 1659 56158 3318 PROGRAMS AND EXHIBITS 670829 649774 14058 6997 LIBRARY MATERIALS 259309 259165 144 DUES AND PUBLICATIONS 105156 61283 36383 7490 OTHER EXPENSES 99519 2832 5155 91532 17013 456694 -439681 11115834 7771839 1293140 2050855 2632769 6193182 166980 480020 13915465 14727185 2064306 467935 75464 97047 257823 257823 0 0 17531249 21086412 9970906 12103116 591954 330577 46949093 55485474 1131465 1171843 1438300 1385000 9000000 8600000 11569765 11156843 X 1907437 3011333 33471891 41317298 35379328 44328631 46949093 55485474 3574532 5374771 0 X 0 1 X 1 0 X 30743237 23579429 16450995 12765482 13356624 96895767 30743237 23579429 16450995 12765482 13356624 96895767 8254759 88641008 940683 2407047 1414322 619958 607243 5989253 37456 121619 342988 251380 24874 778317 103663337 4244056 0.85510 0.86710 X PART II SECTION B LINE 10 OTHER INCOME INCLUDES MISCELLANEOUS REVENUE AS REPORTED IN PART VIII STATEMENT OF REVENUE. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 63000 63000 11052834 11115834 705792 176448 0 0 1000000 1000000 862897 705792 3568689 5353034 61560 65891 73355 63000 263806 250000 250000 215724 176448 892172 1338258 X X 0 33009510 997252 7839744 1786746 40059760 32582919 1091124 1105852 1770385 33009510 33080293 397860 1489916 2385150 32582919 31571155 666838 2426841 1584541 33080293 29263818 353360 3793897 1839920 31571155 0.07632 0.44396 0.47973 0 1 1 128181 128181 0 129642 129642 0 0 VANGUARD INTERNATIONAL STOCK INDEX 3580410 F VANUARD TOTAL STOCK MARKET INDEX 5632858 F VANGUARD SHORT TERM BOND INDEX ADM 2889848 F 12103116 X 20187634 5374771 240379 5615150 14572484 117882 117882 14690366 11238331 240379 240379 10997952 117882 117882 11115834 PART III, LINE 1A: THE FOUNDATION OWNS AND MAINTAINS COLLECTIONS OF RARE BOOKS, MANUSCRIPTS, MAPS, PAINTINGS, PRINTS, MUSIC, ETC., MOST OF WHICH HAVE BEEN ACQUIRED THROUGH INDIVIDUAL GIFTS AND BEQUESTS. THE ROSENBACH CONTRIBUTED COLLECTION ITEMS INCLUDE RARE BOOKS, MANUSCRIPTS, FINE AND DECORATIVE ARTS AND PERIOD FINISHINGS. A FINE ARTS INSURANCE POLICY WITH COVERAGE UP TO $13,000,000 IS CARRIED ON THE COLLECTIONS. IN THE OPINION OF MANAGEMENT, THIS REPRESENTS ONLY A FRACTION OF THE PRESENT FAIR VALUE OF THE ITEMS, MANY OF WHICH ARE IRREPLACEABLE. THE FOUNDATION HAS NOT ASSIGNED A VALUE TO THE COLLECTIONS FOR ACCOUNTING PURPOSES, SINCE IT IS NOT PRACTICAL TO DETERMINE THE COST, THE FAIR VALUE AT DATE OF ACQUISITION OR THE NET REALIZABLE VALUE OF THESE COLLECTIONS. PART III, LINE 4: SPECIAL COLLECTIONS ENHANCE THE EDUCATIONAL MISSION OF THE FREE LIBRARY BY ASSEMBLING AND MAKING ACCESSIBLE HISTORIC MATERIALS THAT PROMOTE UNDERSTANDING OF OUR SHARE CULTURAL HERITAGE. PART V, LINE 4: THE ENDOWMENT OF THE FOUNDATION CONSISTS OF 69 FUNDS ESTABLISHED BY DONORS FOR VARIOUS PURPOSES. THE ENDOWMENT OF THE ROSENBACH, A RELATED ENTITY WHICH HOLDS FUNDS FOR THE BENEFIT OF THE FOUNDATION AND ARE INCLUDED IN THE ABOVE SCHEDULE, CONSISTS OF 25 FUNDS ESTABLISHED BY DONORS FOR VARIOUS PURPOSES. AS REQUIRED BY UNITED STATES GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS, INCLUDING FUNDS DESIGNATED BY THE BOARD OF DIRECTORS TO FUNCTION AS ENDOWMENT, ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. PART X, LINE 2: THE FOUNDATION HAS OBTAINED A FAVORABLE DETERMINATION THAT IT IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS CLASSIFIED AS AN ORGANIZATION THAT IS OTHER THAN A PRIVATE FOUNDATION. ACCORDINGLY, NO PROVISION HAS BEEN MADE FOR INCOME TAXES. MANAGEMENT HAS REVIEWED TAX POSITIONS TAKEN IN FILINGS WITH FEDERAL AND STATE JURISDICTIONS AND BELIEVES THOSE POSITIONS WOULD BE SUSTAINED SHOULD THE FILINGS BE EXAMINED BY THE RELEVANT TAXING AUTHORITY. OPEN PERIODS SUBJECT TO AUDIT FOR FEDERAL PURPOSES ARE GENERALLY THE PREVIOUS THREE YEARS OF TAX RETURNS FILED. X X X X X X 1 ALLEGIANCE FUNDRAISING LLC 3064 49TH ST S FARGO ND 58104 DIRECT MAIL SERVICES - PLANNING, ADVISING, AND CONSULTING 0 646251 212878 433373 646251 212878 433373 PA NJ X X 0 0 0 0 0 0 0 0 0 SHARA POLLIE S.V.P. DEVELOPMENT 242324 0 0 0 0 0 10983 0 15599 0 268906 0 0 0 DAVID EDWARDS INTERIM CEO/CHIEF FINANCIAL OFFICER 172663 0 6011 0 0 0 8220 0 15599 0 202493 0 0 0 JAMES PECORA V.P. PROPERTY MANAGEMENT 176466 0 0 0 0 0 8134 0 12385 0 196985 0 0 0 SARAH MORAN V.P STRATEGIC INITIATIVES 150883 0 0 0 0 0 6874 0 5339 0 163096 0 0 0 SUSAN GOULD A.V.P. DEVELOPMENT 145012 0 0 0 0 0 6597 0 0 0 151609 0 0 0 JENNY BOGONI EXECUTIVE DIRECTOR, READ! BY 4TH 132712 0 0 0 0 0 6174 0 18908 0 157794 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE AUDIT COMMITTEE AND IS THEN MADE AVAILABLE TO THE ORGANIZATION'S GOVERNING BODY BEFORE BEING FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE CFO IS RESPONSIBLE FOR REVIEWING ALL CONTRACTS AS WELL AS IDENTIFYING ANY POSSIBLE CONFLICTS OF INTEREST. POTENTIAL CONFLICTS OF INTEREST ARE IDENTIFIED APPLYING THE PRESCIBED PROCEDUIRES. THE BOARD OF DIRECTORS MUST ANNUALLY CERTIFY THEIR COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15B THE PRESIDENT AND DIRECTOR ARE COMPENSATED BY THE CITY OF PHILADELPHIA AND ALL SALARY DECISIONS ARE MADE BY THE BOARD OF TRUSTEES OF THE FREE LIBRARY OF PHILADELPHIA. REGARDING OTHER KEY OFFICERS, ANNUALLY THE FOUNDATION BOARD OF DIRECTORS APPROVES THE COLLECTIVE SALARY RATE INCREASE FOR ALL EMPLOYEES OF THE ORGANIZATION FOR THE UPCOMING FISCAL YEAR. INDIVIDUAL RATE INCREASES ARE THEN REVIEWED AND APPROVED BY THE DIRECTOR, CHIEF FINANCIAL OFFICER AND THE HR MANAGER. IN ADDITION, COMPARABLE SALARY DATA FROM ORGANIZATIONS OF SIMILAR SIZE AND PURPOSE FOR SIMILARLY QUALIFIED INDIVIDUALS IS USED TO DETERMINE THE APPROPRIATE SALARY FOR NEW HIRES. THE SOURCES OF THAT INFORMATION ARE HR PROFESSIONAL ASSOCIATIONS, AND SURVEY DATA FROM VARIOUS OTHER SOURCES SUCH AS UNIVERSITIES AND EMPLOYMENT AGENCIES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G CONSERVATION & PRESERVATION: PROGRAM SERVICE EXPENSES 29,590. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 29,590. TEMPORARY SERVICES: PROGRAM SERVICE EXPENSES 13,077. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 12,582. TOTAL EXPENSES 25,659. PROFESSIONAL DEVELOPMENT: PROGRAM SERVICE EXPENSES 1,251,271. MANAGEMENT AND GENERAL EXPENSES 210,953. FUNDRAISING EXPENSES 87,413. TOTAL EXPENSES 1,549,637. RECRUITING: PROGRAM SERVICE EXPENSES 1,158. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,158. PAYROLL SERVICE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 24,877. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 24,877. THE ROSENBACH OF THE FREE LIBRARY OF PHILADELPHIA FOUNDATION 2010 DELANCEY PLACE PHILADELPHIA PA 19103 231425055 OPERATION OF MUSEUM AND LIBRARY PA 501(C)(3) LINE 7 THE FREE LIBRARY OF PHILADELPHIA FOUNDATION 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 THE ROSENBACH OF THE FREE LIBRARY OF PHILADELPHIA FOUNDATION D 288368 BOOK VALUE