Totals
- Total revenue
- $3,441,111
- Total expenses
- $3,759,730
- Contributions and grants received
- $2,830,413
- Grants paid
- $2,314,002
- Program service revenue
- $0
- Investment income
- $610,698
- Other revenue
- $0
- Total assets, end of year
- $24,372,863
- Total liabilities, end of year
- $148,873
- Net assets or fund balances, end of year
- $24,223,990
- Program services expenses (Part IX)
- $2,314,002
- Management and general expenses
- $351,746
- Fundraising expenses
- $1,093,982
- Program service expenses (Part III)
- $2,314,002
Program services were 61.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1c · Fundraising events
$314,878
-
1f · All other contributions, gifts and grants
$2,515,535
-
3 · Investment income
total $559,565 · excluded $559,565
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
6d · Net rental income or loss
total $0
-
7a · Gross sales of assets other than inventory
securities $4,335,770
-
7b · Less cost or other basis and sales expenses
securities $4,284,637
-
7c · Gain or loss
securities $51,133
-
7d · Net gain or loss
total $51,133 · excluded $51,133
-
8a · Fundraising events: gross income
$76,221
-
8a · Fundraising events: contributions included on line 1c
$314,878
-
8b · Fundraising events: direct expenses
$76,221
-
9a · Gaming: gross income
$0
-
9b · Gaming: direct expenses
$0
-
9c · Net income from gaming
total $0
-
10a · Gross sales of inventory
$0
-
10b · Cost of goods sold
$0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $2,314,002 · program services $2,314,002
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $378,901 · management and general $58,206 · fundraising $320,695
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $485,915 · management and general $74,645 · fundraising $411,270
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $54,750 · management and general $54,750
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $166,680 · fundraising $166,680
-
11f · Fees: investment management
total $100,878 · management and general $100,878
-
11g · Fees: other
total $67,120 · management and general $38,925 · fundraising $28,195
-
12 · Advertising and promotion
total $7,205 · management and general $914 · fundraising $6,291
-
13 · Office expenses
total $109,290 · management and general $13,859 · fundraising $95,431
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $869 · fundraising $869
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $34,081 · fundraising $34,081
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $9,569 · management and general $9,569
-
23 · Insurance
total $0
-
24a · Other expenses: MISCELLANEOUS EXPENSES
total $30,470 · fundraising $30,470
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $0 · end of year $0
-
2 · Savings and temporary cash investments
beginning of year $3,478,903 · end of year $3,852,273
-
3 · Pledges and grants receivable
beginning of year $116,392 · end of year $34,367
-
4 · Accounts receivable
beginning of year $0 · end of year $0
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $0 · end of year $0
-
8 · Inventories for sale or use
beginning of year $0 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $0 · end of year $4,851
-
10a · Land, buildings and equipment: cost or other basis
$1,307,423
-
10b · Land, buildings and equipment: accumulated depreciation
$950,263
-
10c · Land, buildings and equipment, net
beginning of year $379,931 · end of year $357,160
-
11 · Investments: publicly traded securities
beginning of year $18,265,301 · end of year $19,975,290
-
12 · Investments: other securities
beginning of year $0 · end of year $0
-
13 · Investments: program-related
beginning of year $0 · end of year $0
-
14 · Intangible assets
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $35,237 · end of year $148,922
-
17 · Accounts payable and accrued expenses
beginning of year $160,445 · end of year $94,373
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $142,000 · end of year $54,500
-
20 · Tax-exempt bond liabilities
beginning of year $0 · end of year $0
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $0 · end of year $0
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $0 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $591,616 · end of year $2,254,742
-
28 · Net assets with donor restrictions
beginning of year $21,381,703 · end of year $21,969,248
Mission and programs · 2023
Mission
THE QUEENS LIBRARY FOUNDATION IS THE FUNDRAISING ARM OF QUEENS PUBLIC LIBRARY. INCORPORATED IN 1988, THE MISSION OF THE QUEENS LIBRARY FOUNDATION IS TO RAISE FUNDS FROM FOUNDATIONS, CORPORATIONS, AND PRIVATE INDIVIDUALS TO SUPPORT THE TENS OF THOUSANDS OF FREE PROGRAMS AND SERVICES OFFERED BY QUEENS PUBLIC LIBRARY.
Activities or mission (Part I)
THE FOUNDATION RAISES FUNDS FROM FDN CORPORATIONS AND PRIVATE INDIVIDUALS TO SUPPORT THE TENS OF THOUSANDS OF FREE PROGRAMS AND SERVICES OFFERED BY QUEENS PUBLIC LIBRARY.
-
Withheld by Nonprofiteer: this text may name a private individual.
Expenses $2,314,002 · Grants $2,314,002
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.
Listed in Part VII
-
Dennis WalcottDENNIS WALCOTT
DIRECTOR
- Total calculated
- $358,760
- From this org
- $88,920
- From related orgs
- $266,761
- Other
- $3,079
- Hours/week
- 10 + 30 related
Schedule J breakdown matched by us
- Base
- $88,920 + $266,761 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $770 + $2,309 related
- Filer's total
- $89,690 + $269,070 related
-
Sung KimSUNG KIM
COO & SVP
- Total calculated
- $341,395
- From this org
- $5,247
- From related orgs
- $257,124
- Other
- $79,024
- Hours/week
- 0.8 + 39.2 related
Schedule J breakdown matched by us
- Base
- $5,247 + $257,124 related
- Bonus
- $0
- Other
- $0
- Deferred
- $924 + $45,253 related
- Nontaxable benefits
- $657 + $32,190 related
- Filer's total
- $6,828 + $334,567 related
-
Nick BuronNICK BURON
CHIEF LIBRARIAN & SVP
- Total calculated
- $280,717
- From this org
- $8,571
- From related orgs
- $205,709
- Other
- $66,437
- Hours/week
- 1.6 + 38.4 related
Schedule J breakdown matched by us
- Base
- $8,571 + $205,709 related
- Bonus
- $0
- Other
- $0
- Deferred
- $1,509 + $36,204 related
- Nontaxable benefits
- $1,149 + $27,575 related
- Filer's total
- $11,229 + $269,488 related
-
Gitte PengGITTE PENG
COS & SVP
- Total calculated
- $278,202
- From this org
- $46,568
- From related orgs
- $186,272
- Other
- $45,362
- Hours/week
- 8 + 32 related
Schedule J breakdown matched by us
- Base
- $46,568 + $186,272 related
- Bonus
- $0
- Other
- $0
- Deferred
- $8,196 + $32,784 related
- Nontaxable benefits
- $876 + $3,506 related
- Filer's total
- $55,640 + $222,562 related
-
Justin Deabler EsqJUSTIN DEABLER ESQ
GENERAL COUNSEL & SVP
- Total calculated
- $276,601
- From this org
- $10,968
- From related orgs
- $208,389
- Other
- $57,244
- Hours/week
- 2 + 38 related
Schedule J breakdown matched by us
- Base
- $10,968 + $208,389 related
- Bonus
- $0
- Other
- $0
- Deferred
- $1,228 + $23,340 related
- Nontaxable benefits
- $1,634 + $31,042 related
- Filer's total
- $13,830 + $262,771 related
-
Stephen MackSTEPHEN MACK
BOARD ASSISTANT TREASURER
- Total calculated
- $274,499
- From this org
- $12,153
- From related orgs
- $230,910
- Other
- $31,436
- Hours/week
- 2 + 38 related
Schedule J breakdown matched by us
- Base
- $12,153 + $230,910 related
- Bonus
- $0
- Other
- $0
- Deferred
- $1,361 + $25,862 related
- Nontaxable benefits
- $211 + $4,002 related
- Filer's total
- $13,725 + $260,774 related
-
Susan LathamSUSAN LATHAM
EXECUTIVE DIRECTOR, QLF
- Total calculated
- $235,467
- From this org
- $162,773
- From related orgs
- $18,086
- Other
- $54,608
- Hours/week
- 36 + 4 related
Schedule J breakdown matched by us
- Base
- $162,773 + $18,086 related
- Bonus
- $0
- Other
- $0
- Deferred
- $18,230 + $2,026 related
- Nontaxable benefits
- $30,917 + $3,435 related
- Filer's total
- $211,920 + $23,547 related
-
Wanda ChinWANDA CHIN
BOARD PRESIDENT
- Total calculated
- $0
- Hours/week
- 5
-
Paula KirbyPAULA KIRBY
BOARD VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Juan SantiagoJUAN SANTIAGO
BOARD SECRETARY AS OF 9/19/23
- Total calculated
- $0
- Hours/week
- 2
-
Pauline HealyPAULINE HEALY
BOARD TREASURER
- Total calculated
- $0
- Hours/week
- 2 + 5 related
-
Vincent Arcuri JrVINCENT ARCURI JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Richard DavidRICHARD DAVID
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Eric GioiaERIC GIOIA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Matthew GortonMATTHEW GORTON
DIRECTOR THRU 6/30/24
- Total calculated
- $0
- Hours/week
- 1.5 + 5 related
-
James Haddad EsqJAMES HADDAD ESQ
DIRECTOR THRU 6/30/24
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Hector HerreraHECTOR HERRERA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Travis HungrederTRAVIS HUNGREDER
DIRECTOR AS OF 9/19/23
- Total calculated
- $0
- Hours/week
- 2
-
Nadeeem KilaniNADEEEM KILANI
DIRECTOR AS OF 9/19/23
- Total calculated
- $0
- Hours/week
- 2
-
Carl Koerner EsqCARL KOERNER ESQ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3.5 + 2 related
-
Eugene PetraccaEUGENE PETRACCA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Steven SchneebaumSTEVEN SCHNEEBAUM
DIRECTOR AS OF 9/19/23
- Total calculated
- $0
- Hours/week
- 2
-
Earl SimonsEARL SIMONS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 5 related
-
Michelle StoddartMICHELLE STODDART
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- SCHEDULE J, PART I, LINE 3:
- THE QUEENS BOROUGH PUBLIC LIBRARY (COMMON PAYMASTER FOR THE QUEENS LIBRARY FOUNDATION), CONDUCTED A COMPENSATION STUDY THAT INCLUDED THE EXECUTIVE DIRECTOR (TOP MANAGEMENT OFFICIAL) OF THE QUEENS LIBRARY FOUNDATION. THE QUEENS BOROUGH PUBLIC LIBRARY HAS ESTABLISHED THE COMPENSATION OF THE TOP MANAGEMENT OFFICIAL USING: - COMPENSATION COMMITTEE - INDEPENDENT COMPENSATION CONSULTANT - FORM 990 OF OTHER ORGANIZATIONS - COMPENSATION SURVEYS OR STUDIES - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
THE QUEENS BOROUGH PUBLIC LIBRARY
no cash amount reported
GENERAL SUPPORT
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
The Queens Borough Public library
501(c)(3) · library · NY
Directly controlled by na
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 14 March 2025
- IRS schema version
- 2023v6.0
- Source object
- 202510799349300506
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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