Totals
- Total revenue
- $2,744,295
- Total expenses
- $4,667,087
- Contributions and grants received
- $1,995,653
- Grants paid
- $3,224,156
- Program service revenue
- $0
- Investment income
- $748,642
- Other revenue
- $0
- Total assets, end of year
- $22,275,764
- Total liabilities, end of year
- $302,445
- Net assets or fund balances, end of year
- $21,973,319
- Program services expenses (Part IX)
- $3,224,156
- Management and general expenses
- $368,798
- Fundraising expenses
- $1,074,133
- Program service expenses (Part III)
- $3,224,156
Program services were 69.1% 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
$236,580
-
1f · All other contributions, gifts and grants
$1,759,073
-
3 · Investment income
total $524,736 · unrelated business $0 · excluded $524,736
-
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 $4,661,799
-
7b · Less cost or other basis and sales expenses
securities $4,437,893
-
7c · Gain or loss
securities $223,906
-
7d · Net gain or loss
total $223,906 · excluded $223,906
-
8a · Fundraising events: gross income
$112,508
-
8a · Fundraising events: contributions included on line 1c
$236,580
-
8b · Fundraising events: direct expenses
$112,508
-
8c · Net income from fundraising events
total $0 · excluded $0
-
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 $3,224,156 · program services $3,224,156
-
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 $372,585 · management and general $85,284 · fundraising $287,301
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $478,083 · management and general $109,432 · fundraising $368,651
-
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 $35,000 · management and general $35,000
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $171,000 · fundraising $171,000
-
11f · Fees: investment management
total $87,500 · management and general $87,500
-
11g · Fees: other
total $130,788 · management and general $30,131 · fundraising $100,657
-
12 · Advertising and promotion
total $32,159 · management and general $2,514 · fundraising $29,645
-
13 · Office expenses
total $92,679 · management and general $7,282 · fundraising $85,397
-
14 · Information technology
total $29,867 · management and general $2,086 · fundraising $27,781
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
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 $3,701 · fundraising $3,701
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 $5,229,634 · end of year $3,478,903
-
3 · Pledges and grants receivable
beginning of year $388,963 · end of year $116,392
-
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 $0
-
10a · Land, buildings and equipment: cost or other basis
$1,307,423
-
10b · Land, buildings and equipment: accumulated depreciation
$927,492
-
10c · Land, buildings and equipment, net
beginning of year $310,588 · end of year $379,931
-
11 · Investments: publicly traded securities
beginning of year $16,554,378 · end of year $18,265,301
-
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 $6,067 · end of year $35,237
-
17 · Accounts payable and accrued expenses
beginning of year $346,772 · end of year $160,445
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $0 · end of year $142,000
-
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 $561,501 · end of year $591,616
-
28 · Net assets with donor restrictions
beginning of year $21,581,357 · end of year $21,381,703
Mission and programs · 2022
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 $3,224,156 · Grants $3,224,156
As filed on the 2022 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
- $378,354
- From this org
- $93,819
- From related orgs
- $281,456
- Other
- $3,079
- Hours/week
- 10 + 30 related
Schedule J breakdown matched by us
- Base
- $93,819 + $281,456 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $770 + $2,309 related
- Filer's total
- $94,589 + $283,765 related
-
Sung KimSUNG KIM
COO & SVP
- Total calculated
- $304,252
- From this org
- $5,011
- From related orgs
- $245,543
- Other
- $53,698
- Hours/week
- 0.8 + 39.2 related
Schedule J breakdown matched by us
- Base
- $5,011 + $245,543 related
- Bonus
- $0
- Other
- $0
- Deferred
- $471 + $23,081 related
- Nontaxable benefits
- $603 + $29,543 related
- Filer's total
- $6,085 + $298,167 related
-
Michael Tragalethru 113022MICHAEL TRAGALETHRU 113022
BOARD ASSISTANT TREASURER
- Total calculated
- $286,077
- From this org
- $11,622
- From related orgs
- $220,810
- Other
- $53,645
- Hours/week
- 2 + 38 related
Schedule J breakdown matched by us
- Base
- $11,622 + $220,810 related
- Bonus
- $0
- Other
- $0
- Deferred
- $1,092 + $20,756 related
- Nontaxable benefits
- $1,590 + $30,207 related
- Filer's total
- $14,304 + $271,773 related
-
Nick BuronNICK BURON
CHIEF LIBRARIAN & SVP
- Total calculated
- $274,173
- From this org
- $8,244
- From related orgs
- $197,868
- Other
- $68,061
- Hours/week
- 1.6 + 38.4 related
Schedule J breakdown matched by us
- Base
- $8,244 + $197,868 related
- Bonus
- $0
- Other
- $0
- Deferred
- $1,624 + $38,980 related
- Nontaxable benefits
- $1,098 + $26,359 related
- Filer's total
- $10,966 + $263,207 related
-
Justin DeablerJUSTIN DEABLER
GENERAL COUNSEL & SVP
- Total calculated
- $257,447
- From this org
- $10,396
- From related orgs
- $197,530
- Other
- $49,521
- Hours/week
- 2 + 38 related
Schedule J breakdown matched by us
- Base
- $10,396 + $197,530 related
- Bonus
- $0
- Other
- $0
- Deferred
- $977 + $18,568 related
- Nontaxable benefits
- $1,499 + $28,477 related
- Filer's total
- $12,872 + $244,575 related
-
Gitte PengGITTE PENG
COS & SVP
- Total calculated
- $247,051
- From this org
- $44,340
- From related orgs
- $177,362
- Other
- $25,349
- Hours/week
- 8 + 32 related
Schedule J breakdown matched by us
- Base
- $44,340 + $177,362 related
- Bonus
- $0
- Other
- $0
- Deferred
- $4,168 + $16,672 related
- Nontaxable benefits
- $902 + $3,607 related
- Filer's total
- $49,410 + $197,641 related
-
Susan LathamSUSAN LATHAM
EXECUTIVE DIRECTOR, QLF
- Total calculated
- $217,576
- From this org
- $153,499
- From related orgs
- $17,055
- Other
- $47,022
- Hours/week
- 36 + 4 related
Schedule J breakdown matched by us
- Base
- $153,499 + $17,055 related
- Bonus
- $0
- Other
- $0
- Deferred
- $14,429 + $1,603 related
- Nontaxable benefits
- $27,891 + $3,099 related
- Filer's total
- $195,819 + $21,757 related
-
STEPHEN MACK eff 113022
BOARD ASSISTANT TREASURER
- Total calculated
- $20,611
- From this org
- $936
- From related orgs
- $17,779
- Other
- $1,896
- Hours/week
- 2 + 38 related
-
Carl Koerner EsqPRESIDENT
THRU 6/13/23, DIRECTOR
- Total calculated
- $0
- Hours/week
- 3.5 + 2 related
-
Wanda ChinWANDA CHIN
BOARD PRESIDENT AS OF 6/13/23
- Total calculated
- $0
- Hours/week
- 5
-
Paula KirbyPAULA KIRBY
BOARD VP AS OF 6/13/23
- Total calculated
- $0
- Hours/week
- 2
-
Matthew GortonMATTHEW GORTON
SECRETARY
- Total calculated
- $0
- Hours/week
- 1.5 + 5 related
-
Robert SantosROBERT SANTOS
BOARD TREASURER thru 12/31/22
- Total calculated
- $0
- Hours/week
- 1.5 + 2 related
-
Vincent Arcuri JrVINCENT ARCURI JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Judy BergtraumJUDY BERGTRAUM
DIRECTOR thru 6/30/23
- Total calculated
- $0
- Hours/week
- 1 + 5 related
-
Richard DavidRICHARD DAVID
DIRECTOR as of 12/13/22
- Total calculated
- $0
- Hours/week
- 2
-
Eric GioiaERIC GIOIA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Julissa GuttierezJULISSA GUTTIEREZ
DIRECTOR thru 12/31/22
- Total calculated
- $0
- Hours/week
- 1 + 5 related
-
James Haddad EsqJAMES HADDAD ESQ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Pauline HealyPAULINE HEALY
DIRECTOR AS OF 1/19/23
- Total calculated
- $0
- Hours/week
- 2 + 5 related
-
Hector HerreraHECTOR HERRERA
DIRECTOR as of 12/13/22
- Total calculated
- $0
- Hours/week
- 2
-
Eugene PetraccaEUGENE PETRACCA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Michael RodriguezMICHAEL RODRIGUEZ
DIRECTOR thru 12/31/22
- Total calculated
- $0
- Hours/week
- 1 + 5 related
-
Juan SantiagoJUAN SANTIAGO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Earl Simons
DIRECTOR as of 1/19/23
- Total calculated
- $0
- Hours/week
- 1 + 5 related
-
Michelle Stoddart
DIRECTOR as of 12/13/22
- 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, A RELATED 501(C)(3) ORGANIZATION, PAID COMPENSATION TO THE REPORTING ORGANIZATION'S TOP MANAGEMENT OFFICIAL. 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
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
- 2022
- Filed
- 21 March 2024
- IRS schema version
- 2022v5.0
- Source object
- 202400889349301860
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.