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Nonprofiteer
← RESEARCH COLLECTIONS AND PRESERVATION CONSORTIUM INC

Form 990 for tax year 2022

Filed by RESEARCH COLLECTIONS AND PRESERVATION CONSORTIUM INC.

Totals

Total revenue
$22,478,827
Total expenses
$7,099,717
Contributions and grants received
$22,478,827
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$73,847,247
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$73,847,247
Program services expenses (Part IX)
$6,571,109
Management and general expenses
$528,608
Fundraising expenses
$0
Program service expenses (Part III)
$6,571,109

Program services were 92.6% 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.

  • 1d · Related organizations

    $22,478,827

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $24,476 · management and general $24,476

  • 11d · Fees: lobbying

    total $0 · management and general $0 · fundraising $0

  • 11e · Fees: professional fundraising services

    total $0 · fundraising $0

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $187,409 · management and general $187,409

  • 16 · Occupancy

    total $601,699 · program services $601,699

  • 22 · Depreciation, depletion and amortization

    total $2,349,238 · program services $2,349,238

  • 23 · Insurance

    total $117,501 · program services $117,501

  • 24a · Other expenses: Repairs & Maintenance

    total $1,513,202 · program services $1,513,202

  • 24b · Other expenses: Miscellaneous

    total $621,674 · program services $621,674

  • 24c · Other expenses: Administrative Fee

    total $316,723 · management and general $316,723

  • 24d · Other expenses: Leased Employees

    total $1,367,795 · program services $1,367,795

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

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 $5,088,762 · end of year $8,832,274

  • 4 · Accounts receivable

    beginning of year $0 · end of year $170,000

  • 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

  • 9 · Prepaid expenses and deferred charges

    beginning of year $10,690 · end of year $10,690

  • 10a · Land, buildings and equipment: cost or other basis

    $94,328,119

  • 10b · Land, buildings and equipment: accumulated depreciation

    $29,493,836

  • 10c · Land, buildings and equipment, net

    beginning of year $53,368,685 · end of year $64,834,283

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    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

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $58,468,137 · end of year $73,847,247

Mission and programs · 2022

Mission

The primary exempt purpose of the organization is to develop and operate a library depository which will serve the educational and charitable purposes of the benefited institutions by enabling them to alleviate a critical shortage of depository facilities for the housing of books, manuscripts, microfilm and other archival materials, and to help preserve their collective library collections. The benefitted organizations are The New York Public Library's Astor, Lenox and Tilden Foundations, The Trustees of Columbia University in the City of New York, President and Fellows of Harvard College, and The Trustees of Princeton University.

Activities or mission (Part I)

The primary exempt purpose of the organization is to develop and operate a library depository which will serve the educational and charitable purposes of the benefitted institutions.

  • STORAGE AND RETRIEVAL CENTER FOR LIBRARY BOOKS.

    Expenses $6,571,109

As filed on the 2022 return.

Listed in Part VII

  • Ann Thornton

    President-Board of Governors

    Total calculated
    $500,175
    From this org
    $0
    From related orgs
    $431,788
    Other
    $68,387
    Hours/week
    5 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $380,960 related
    Bonus
    $0 + $25,000 related
    Other
    $0 + $25,828 related
    Deferred
    $0 + $33,770 related
    Nontaxable benefits
    $0 + $34,617 related
    Filer's total
    $0 + $500,175 related

  • Steven Semenuk

    TREASURER-BOARD OF GOVERNORS

    Total calculated
    $294,386
    From this org
    $0
    From related orgs
    $216,760
    Other
    $77,626
    Hours/week
    5 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $210,920 related
    Bonus
    $0
    Other
    $0 + $5,840 related
    Deferred
    $0 + $23,518 related
    Nontaxable benefits
    $0 + $54,108 related
    Filer's total
    $0 + $294,386 related

  • Anne Jarvis

    Board of Governors

    Total calculated
    $494,633
    From this org
    $0
    From related orgs
    $413,799
    Other
    $80,834
    Hours/week
    5 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $389,568 related
    Bonus
    $0
    Other
    $0 + $24,231 related
    Deferred
    $0 + $57,871 related
    Nontaxable benefits
    $0 + $22,963 related
    Filer's total
    $0 + $494,633 related

  • Brent Reidy

    Board of Governors

    Total calculated
    $278,488
    From this org
    $0
    From related orgs
    $252,833
    Other
    $25,655
    Hours/week
    5 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $235,574 related
    Bonus
    $0
    Other
    $0 + $17,259 related
    Deferred
    $0 + $20,317 related
    Nontaxable benefits
    $0 + $5,338 related
    Filer's total
    $0 + $278,488 related

  • Dana Sunshine

    Board of Governors

    Total calculated
    $247,910
    From this org
    $0
    From related orgs
    $187,930
    Other
    $59,980
    Hours/week
    5 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $187,850 related
    Bonus
    $0
    Other
    $0 + $80 related
    Deferred
    $0 + $15,028 related
    Nontaxable benefits
    $0 + $44,952 related
    Filer's total
    $0 + $247,910 related

  • Margaret Newell

    Board of Governors

    Total calculated
    $583,890
    From this org
    $0
    From related orgs
    $533,222
    Other
    $50,668
    Hours/week
    5 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $486,091 related
    Bonus
    $0 + $25,000 related
    Other
    $0 + $22,131 related
    Deferred
    $0 + $38,400 related
    Nontaxable benefits
    $0 + $12,268 related
    Filer's total
    $0 + $583,890 related

  • Martha Whitehead

    Board of Governors

    Total calculated
    $477,150
    From this org
    $0
    From related orgs
    $415,046
    Other
    $62,104
    Hours/week
    5 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $372,407 related
    Bonus
    $0 + $20,000 related
    Other
    $0 + $22,639 related
    Deferred
    $0 + $38,400 related
    Nontaxable benefits
    $0 + $23,704 related
    Filer's total
    $0 + $477,150 related

  • Soulaymane Kachani

    Board of Governors

    Total calculated
    $707,812
    From this org
    $0
    From related orgs
    $623,046
    Other
    $84,766
    Hours/week
    5 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $497,750 related
    Bonus
    $0 + $15,000 related
    Other
    $0 + $110,296 related
    Deferred
    $0 + $30,775 related
    Nontaxable benefits
    $0 + $53,991 related
    Filer's total
    $0 + $707,812 related

  • Paul LaMarche

    Former Treasurer-Board of Governors

    Total calculated
    $321,459
    From this org
    $0
    From related orgs
    $268,591
    Other
    $52,868
    Hours/week
    0 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $265,561 related
    Bonus
    $0
    Other
    $0 + $3,030 related
    Deferred
    $0 + $31,752 related
    Nontaxable benefits
    $0 + $21,116 related
    Filer's total
    $0 + $321,459 related

  • Troy Eggers

    Vice President-Board of Governors

    Total calculated
    $626,291
    From this org
    $0
    From related orgs
    $551,012
    Other
    $75,279
    Hours/week
    5 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $435,687 related
    Bonus
    $0 + $75,000 related
    Other
    $0 + $40,325 related
    Deferred
    $0 + $30,775 related
    Nontaxable benefits
    $0 + $44,504 related
    Filer's total
    $0 + $626,291 related

  • William Kelly

    Board of Governors

    Total calculated
    $171,412
    From this org
    $0
    From related orgs
    $151,589
    Other
    $19,823
    Hours/week
    0 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $115,276 related
    Bonus
    $0
    Other
    $0 + $36,313 related
    Deferred
    $0 + $10,038 related
    Nontaxable benefits
    $0 + $9,785 related
    Filer's total
    $0 + $171,412 related

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.

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.

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202441369349300644

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