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Nonprofiteer
← RESEARCH COLLECTIONS AND PRESERVATION CONSORTIUM INC

Form 990 for tax year 2023

Filed by RESEARCH COLLECTIONS AND PRESERVATION CONSORTIUM INC.

Totals

Total revenue
$13,670,204
Total expenses
$7,535,736
Contributions and grants received
$13,670,204
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$79,981,715
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$79,981,715
Program services expenses (Part IX)
$6,952,982
Management and general expenses
$582,754
Fundraising expenses
$0
Program service expenses (Part III)
$6,952,982

Program services were 92.3% 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

    $13,670,204

  • 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 $2,597 · management and general $2,597

  • 11g · Fees: other

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

  • 13 · Office expenses

    total $206,319 · management and general $206,319

  • 16 · Occupancy

    total $730,178 · program services $730,178

  • 22 · Depreciation, depletion and amortization

    total $2,605,389 · program services $2,605,389

  • 23 · Insurance

    total $156,416 · program services $156,416

  • 24a · Other expenses: Leased Employees

    total $1,691,488 · program services $1,691,488

  • 24b · Other expenses: Repairs & Maintenance

    total $1,130,881 · program services $1,130,881

  • 24c · Other expenses: Miscellaneous

    total $638,630 · program services $638,630

  • 24d · Other expenses: Administrative Fee

    total $373,838 · management and general $373,838

  • 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 $8,832,274 · end of year $6,562,430

  • 4 · Accounts receivable

    beginning of year $170,000 · end of year $708,838

  • 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 $991

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

    $104,808,681

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

    $32,099,225

  • 10c · Land, buildings and equipment, net

    beginning of year $64,834,283 · end of year $72,709,456

  • 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

  • 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 $73,847,247 · end of year $79,981,715

Mission and programs · 2023

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 $6,952,982

As filed on the 2023 return.

Listed in Part VII

  • Ann Thornton

    President-Board of Governors

    Total calculated
    $507,579
    From this org
    $0
    From related orgs
    $430,495
    Other
    $77,084
    Hours/week
    5 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $404,629 related
    Bonus
    $0
    Other
    $0 + $25,866 related
    Deferred
    $0 + $36,492 related
    Nontaxable benefits
    $0 + $40,592 related
    Filer's total
    $0 + $507,579 related

  • Steven Semenuk

    TREASURER-BOARD OF GOVERNORS

    Total calculated
    $268,734
    From this org
    $0
    From related orgs
    $229,616
    Other
    $39,118
    Hours/week
    5 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $228,682 related
    Bonus
    $0
    Other
    $0 + $934 related
    Deferred
    $0 + $25,414 related
    Nontaxable benefits
    $0 + $13,704 related
    Filer's total
    $0 + $268,734 related

  • Anne Jarvis

    Board of Governors

    Total calculated
    $519,648
    From this org
    $0
    From related orgs
    $442,349
    Other
    $77,299
    Hours/week
    5 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $417,121 related
    Bonus
    $0
    Other
    $0 + $25,228 related
    Deferred
    $0 + $62,869 related
    Nontaxable benefits
    $0 + $14,430 related
    Filer's total
    $0 + $519,648 related

  • Brent Reidy

    Board of Governors

    Total calculated
    $472,421
    From this org
    $0
    From related orgs
    $445,217
    Other
    $27,204
    Hours/week
    5 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $422,421 related
    Bonus
    $0
    Other
    $0 + $22,796 related
    Deferred
    $0 + $26,400 related
    Nontaxable benefits
    $0 + $804 related
    Filer's total
    $0 + $472,421 related

  • Dana Sunshine

    Board of Governors

    Total calculated
    $247,580
    From this org
    $0
    From related orgs
    $182,320
    Other
    $65,260
    Hours/week
    5 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $182,184 related
    Bonus
    $0
    Other
    $0 + $136 related
    Deferred
    $0 + $15,745 related
    Nontaxable benefits
    $0 + $49,515 related
    Filer's total
    $0 + $247,580 related

  • Margaret Newell

    Board of Governors

    Total calculated
    $610,360
    From this org
    $0
    From related orgs
    $555,502
    Other
    $54,858
    Hours/week
    5 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $506,275 related
    Bonus
    $0 + $25,000 related
    Other
    $0 + $24,227 related
    Deferred
    $0 + $41,490 related
    Nontaxable benefits
    $0 + $13,368 related
    Filer's total
    $0 + $610,360 related

  • Martha Whitehead

    Board of Governors

    Total calculated
    $503,292
    From this org
    $0
    From related orgs
    $436,961
    Other
    $66,331
    Hours/week
    5 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $387,038 related
    Bonus
    $0 + $25,000 related
    Other
    $0 + $24,923 related
    Deferred
    $0 + $41,490 related
    Nontaxable benefits
    $0 + $24,841 related
    Filer's total
    $0 + $503,292 related

  • Soulaymane Kachani

    Board of Governors

    Total calculated
    $689,482
    From this org
    $0
    From related orgs
    $599,317
    Other
    $90,165
    Hours/week
    5 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $530,050 related
    Bonus
    $0
    Other
    $0 + $69,267 related
    Deferred
    $0 + $33,240 related
    Nontaxable benefits
    $0 + $56,925 related
    Filer's total
    $0 + $689,482 related

  • Paul LaMarche

    Former Treasurer-Board of Governors

    Total calculated
    $336,736
    From this org
    $0
    From related orgs
    $288,878
    Other
    $47,858
    Hours/week
    0 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $285,249 related
    Bonus
    $0
    Other
    $0 + $3,629 related
    Deferred
    $0 + $33,932 related
    Nontaxable benefits
    $0 + $13,926 related
    Filer's total
    $0 + $336,736 related

  • Troy Eggers

    Vice President-Board of Governors

    Total calculated
    $678,924
    From this org
    $0
    From related orgs
    $597,234
    Other
    $81,690
    Hours/week
    5 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $450,062 related
    Bonus
    $0 + $75,000 related
    Other
    $0 + $72,172 related
    Deferred
    $0 + $33,240 related
    Nontaxable benefits
    $0 + $48,450 related
    Filer's total
    $0 + $678,924 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
2023
Filed
14 May 2025
IRS schema version
2023v6.0
Source object
202531349349306923

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