Form 990 for tax year 2022
Filed by LIBRARY COMPANY OF PHILADELPHIA.
Totals
- Total revenue
- $2,432,009
- Total expenses
- $4,248,510
- Contributions and grants received
- $1,953,114
- Grants paid
- $333,419
- Program service revenue
- $179,539
- Investment income
- $286,846
- Other revenue
- $12,510
- Total assets, end of year
- $34,094,933
- Total liabilities, end of year
- $293,358
- Net assets or fund balances, end of year
- $33,801,575
- Program services expenses (Part IX)
- $3,183,715
- Management and general expenses
- $660,416
- Fundraising expenses
- $404,379
- Program service expenses (Part III)
- $3,183,715
Program services were 74.9% 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.
-
1b · Membership dues
$215,604
-
1c · Fundraising events
$130,189
-
1e · Government grants (contributions)
$385,493
-
1f · All other contributions, gifts and grants
$1,221,828
-
1g · Noncash contributions included above
$458,515
-
2a · Program service revenue: OTHER LIBRARY SERVICES
total $179,539 · related or exempt $179,539
-
3 · Investment income
total $42,786 · excluded $42,786
-
6a · Gross rents
real property $35,974
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $35,974
-
6d · Net rental income or loss
total $35,974 · excluded $35,974
-
7a · Gross sales of assets other than inventory
securities $3,100,741
-
7b · Less cost or other basis and sales expenses
securities $2,856,681
-
7c · Gain or loss
securities $244,060
-
7d · Net gain or loss
total $244,060 · excluded $244,060
-
8a · Fundraising events: gross income
$36,324
-
8a · Fundraising events: contributions included on line 1c
$130,189
-
8b · Fundraising events: direct expenses
$59,788
-
8c · Net income from fundraising events
total -$23,464 · excluded -$23,464
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $333,419 · program services $333,419
-
5 · Compensation of officers, directors and key employees
total $336,606 · program services $192,336 · fundraising $144,270
-
7 · Other salaries and wages
total $1,427,797 · program services $1,147,435 · management and general $120,260 · fundraising $160,102
-
8 · Pension plan contributions
total $86,328 · program services $69,709 · management and general $6,926 · fundraising $9,693
-
9 · Other employee benefits
total $200,590 · program services $157,866 · management and general $14,755 · fundraising $27,969
-
10 · Payroll taxes
total $137,464 · program services $105,376 · management and general $9,301 · fundraising $22,787
-
11c · Fees: accounting
total $79,083 · program services $25,425 · management and general $53,658
-
11d · Fees: lobbying
total $44,000 · program services $14,146 · management and general $29,854
-
11f · Fees: investment management
total $407 · management and general $407
-
11g · Fees: other
total $291,887 · program services $93,839 · management and general $198,048
-
13 · Office expenses
total $155,234 · program services $62,414 · management and general $77,350 · fundraising $15,470
-
16 · Occupancy
total $330,840 · program services $281,214 · management and general $49,626
-
17 · Travel
total $46,142 · program services $29,069 · management and general $923 · fundraising $16,150
-
22 · Depreciation, depletion and amortization
total $399,056 · program services $339,198 · management and general $59,858
-
23 · Insurance
total $78,900 · program services $31,560 · management and general $39,450 · fundraising $7,890
-
24a · Other expenses: LIBRARY EXPENSES
total $159,170 · program services $159,170
-
24b · Other expenses: BOOKS AND PERIODICALS
total $130,356 · program services $130,308 · fundraising $48
-
24c · Other expenses: STAFF DEVELOPMENT
total $11,231 · program services $11,231
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $213,804 · end of year $192,605
-
3 · Pledges and grants receivable
beginning of year $309,880 · end of year $294,155
-
4 · Accounts receivable
beginning of year $18,000
-
9 · Prepaid expenses and deferred charges
beginning of year $22,954 · end of year $18,479
-
10a · Land, buildings and equipment: cost or other basis
$13,088,181
-
10b · Land, buildings and equipment: accumulated depreciation
$7,546,314
-
10c · Land, buildings and equipment, net
beginning of year $5,810,305 · end of year $5,541,867
-
11 · Investments: publicly traded securities
beginning of year $33,636,360 · end of year $28,026,601
-
14 · Intangible assets
end of year $21,226
-
17 · Accounts payable and accrued expenses
beginning of year $271,224 · end of year $293,358
-
27 · Net assets without donor restrictions
beginning of year $8,482,048 · end of year $7,479,089
-
28 · Net assets with donor restrictions
beginning of year $31,258,031 · end of year $26,322,486
Mission and programs · 2022
Mission
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.
Activities or mission (Part I)
INDEPENDENT RESEARCH LIBRARY FOR THE STUDY OF AMERICAN HISTORY AND CULTURE
-
OPERATION OF A RARE BOOK REPOSITORY AND RESEARCH LIBRARY, PRESENTING EXHIBITS, PROGRAMS AND PUBLICATIONS FOR MEMBERS AND GENERAL PUBLIC.
Expenses $3,183,715 · Grants $333,419 · Revenue $179,539
As filed on the 2022 return.
Listed in Part VII
-
Howell RosenbergHOWELL ROSENBERG
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Joseph M Evans JrJOSEPH M EVANS JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
B Robert DementoB ROBERT DEMENTO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Michelle FlamerMICHELLE FLAMER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Judith FreyerJUDITH FREYER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Louise Marshall KellyLOUISE MARSHALL KELLY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Daniel RichterDANIEL RICHTER
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
James H ScottJAMES H SCOTT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Theresa R SnyderTHERESA R SNYDER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Maria M ThompsonMARIA M THOMPSON
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Edward WaddingtonEDWARD WADDINGTON
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Ann LucasANN LUCAS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Carla PetersonCARLA PETERSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Michael RiordanMICHAEL RIORDAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
David RowlandDAVID ROWLAND
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Philippa CampbellPHILIPPA CAMPBELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Emma HartEMMA HART
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Neferteri StricklandNEFERTERI STRICKLAND
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Raechel HammerRAECHEL HAMMER
CHIEF DEVELOPMENT OFFICER
- Total calculated
- $144,270
- From this org
- $128,813
- From related orgs
- $0
- Other
- $15,457
- Hours/week
- 35
-
Michael BarsantiMICHAEL BARSANTI
EDWIN WOLF 2ND DIRECTOR
- Total calculated
- $192,336
- From this org
- $174,272
- From related orgs
- $0
- Other
- $18,064
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $174,272
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $18,064
- Filer's total
- $192,336
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
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
No itemized grants to organizations on this return.
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
IRVING STREET LLC
PROPERTY OWNERSHIP · PA · income $1,000 · assets $2,317,192
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 23 January 2024
- IRS schema version
- 2022v5.0
- Source object
- 202440259349300039
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