Form 990 for tax year 2023

Filed by LIBRARY COMPANY OF PHILADELPHIA.

Totals

Total revenue: $2,449,367
Total expenses: $4,547,888
Contributions and grants received: $1,186,853
Grants paid: $310,849
Program service revenue: $92,851
Investment income: $1,063,970
Other revenue: $105,693
Total assets, end of year: $34,229,941
Total liabilities, end of year: $346,925
Net assets or fund balances, end of year: $33,883,016
Program services expenses (Part IX): $3,258,969
Management and general expenses: $843,000
Fundraising expenses: $445,919
Program service expenses (Part III): $3,258,969

Program services were 71.7% 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

$190,845
1c · Fundraising events

$97,666
1e · Government grants (contributions)

$202,213
1f · All other contributions, gifts and grants

$696,129
1g · Noncash contributions included above

$50,056
2a · Program service revenue: OTHER LIBRARY SERVICES

total $92,851 · related or exempt $92,851
3 · Investment income

total $58,307 · excluded $58,307
5 · Royalties

total $99,954 · excluded $99,954
6a · Gross rents

real property $32,454
6b · Less rental expenses

real property $0
6c · Rental income or loss

real property $32,454
6d · Net rental income or loss

total $32,454 · excluded $32,454
7a · Gross sales of assets other than inventory

securities $3,100,741
7b · Less cost or other basis and sales expenses

securities $2,095,078
7c · Gain or loss

securities $1,005,663
7d · Net gain or loss

total $1,005,663 · excluded $1,005,663
8a · Fundraising events: gross income

$35,370
8a · Fundraising events: contributions included on line 1c

$97,666
8b · Fundraising events: direct expenses

$67,529
8c · Net income from fundraising events

total -$32,159 · excluded -$32,159
10a · Gross sales of inventory

$16,543
10b · Cost of goods sold

$11,099
10c · Net income from sales of inventory

total $5,444 · related or exempt $5,444

Functional expenses

Part IX, the statement of functional expenses.

2 · Grants to domestic individuals

total $310,849 · program services $310,849
5 · Compensation of officers, directors and key employees

total $181,857 · program services $181,857
7 · Other salaries and wages

total $1,657,006 · program services $1,235,383 · management and general $149,024 · fundraising $272,599
8 · Pension plan contributions

total $118,701 · program services $88,730 · management and general $10,593 · fundraising $19,378
9 · Other employee benefits

total $240,640 · program services $183,151 · management and general $20,320 · fundraising $37,169
10 · Payroll taxes

total $139,354 · program services $107,081 · management and general $11,407 · fundraising $20,866
11c · Fees: accounting

total $158,031 · program services $31,137 · management and general $110,653 · fundraising $16,241
11d · Fees: lobbying

total $40,300 · program services $7,940 · management and general $28,218 · fundraising $4,142
11f · Fees: investment management

total $145 · management and general $145
11g · Fees: other

total $398,132 · program services $78,443 · management and general $278,772 · fundraising $40,917
13 · Office expenses

total $152,392 · program services $60,957 · management and general $76,196 · fundraising $15,239
16 · Occupancy

total $327,892 · program services $278,708 · management and general $49,184
17 · Travel

total $38,745 · program services $28,284 · management and general $1,162 · fundraising $9,299
22 · Depreciation, depletion and amortization

total $435,379 · program services $370,072 · management and general $65,307
23 · Insurance

total $78,211 · program services $31,284 · management and general $39,106 · fundraising $7,821
24a · Other expenses: LIBRARY EXPENSES

total $138,896 · program services $138,896
24b · Other expenses: BOOKS AND PERIODICALS

total $116,348 · program services $114,663 · management and general $1,685
24c · Other expenses: STAFF DEVELOPMENT

total $15,010 · program services $11,534 · management and general $1,228 · fundraising $2,248

Balance sheet

Part X, book values.

2 · Savings and temporary cash investments

beginning of year $192,605 · end of year $350,539
3 · Pledges and grants receivable

beginning of year $294,155 · end of year $111,456
9 · Prepaid expenses and deferred charges

beginning of year $18,479 · end of year $26,213
10a · Land, buildings and equipment: cost or other basis

$13,396,059
10b · Land, buildings and equipment: accumulated depreciation

$8,066,805
10c · Land, buildings and equipment, net

beginning of year $5,541,867 · end of year $5,329,254
11 · Investments: publicly traded securities

beginning of year $28,026,601 · end of year $28,391,253
14 · Intangible assets

beginning of year $21,226 · end of year $21,226
17 · Accounts payable and accrued expenses

beginning of year $293,358 · end of year $346,925
27 · Net assets without donor restrictions

beginning of year $7,479,089 · end of year $6,454,650
28 · Net assets with donor restrictions

beginning of year $26,322,486 · end of year $27,428,366

Mission and programs · 2023

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 $3,258,969 · Grants $310,849 · Revenue $98,295

As filed on the 2023 return.

Listed in Part VII

Howell RosenbergHOWELL ROSENBERG

PRESIDENT

Total calculated

$0

Hours/week

1
Joseph M Evans JrJOSEPH M EVANS JR

TRUSTEE

Total calculated

$0

Hours/week

1
B Robert DementoB ROBERT DEMENTO

TRUSTEE

Total calculated

$0

Hours/week

1
Michelle FlamerMICHELLE FLAMER

TRUSTEE

Total calculated

$0

Hours/week

1
Judith FreyerJUDITH FREYER

TRUSTEE

Total calculated

$0

Hours/week

1
Louise Marshall KellyLOUISE MARSHALL KELLY

TRUSTEE

Total calculated

$0

Hours/week

1
Daniel RichterDANIEL RICHTER

TRUSTEE

Total calculated

$0

Hours/week

1
James H ScottJAMES H SCOTT

TRUSTEE

Total calculated

$0

Hours/week

1
Theresa R SnyderTHERESA R SNYDER

TRUSTEE

Total calculated

$0

Hours/week

1
Maria M ThompsonMARIA M THOMPSON

VICE PRESIDENT

Total calculated

$0

Hours/week

1
Edward WaddingtonEDWARD WADDINGTON

TRUSTEE

Total calculated

$0

Hours/week

1
Ann LucasANN LUCAS

SECRETARY

Total calculated

$0

Hours/week

1
Carla PetersonCARLA PETERSON

TRUSTEE

Total calculated

$0

Hours/week

1
Michael RiordanMICHAEL RIORDAN

TREASURER

Total calculated

$0

Hours/week

1
David RowlandDAVID ROWLAND

TRUSTEE

Total calculated

$0

Hours/week

1
Philippa CampbellPHILIPPA CAMPBELL

TRUSTEE

Total calculated

$0

Hours/week

1
Emma HartEMMA HART

TRUSTEE

Total calculated

$0

Hours/week

1
Neferteri StricklandNEFERTERI STRICKLAND

TRUSTEE

Total calculated

$0

Hours/week

1
Michael BarsantiMICHAEL BARSANTI

EDWIN WOLF 2ND DIRECTOR

Total calculated

$181,856

From this org

$163,547

From related orgs

$0

Other

$18,309

Hours/week

35

Schedule J breakdown matched by us

Base

$163,547

Bonus

$0

Other

$0

Deferred

$0

Nontaxable benefits

$18,309

Filer's total

$181,856
Addie PeyronninADDIE PEYRONNIN

CHIEF DEVELOPMENT OFFICER

Total calculated

$121,333

From this org

$105,842

From related orgs

$0

Other

$15,491

Hours/week

35

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

3 · Approval by the board or compensation committee

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 · assets $2,841,915

Provenance

Return type: form_990
Tax year: 2023
Filed: 29 October 2024
IRS schema version: 2023v5.1
Source object: 202403049349302660

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.