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← QUEENS BOROUGH PUBLIC LIBRARY

Form 990 for tax year 2022

Filed by QUEENS BOROUGH PUBLIC LIBRARY.

Totals

Total revenue
$163,598,244
Total expenses
$148,881,415
Contributions and grants received
$161,442,680
Grants paid
$0
Program service revenue
$344,977
Investment income
$1,622,531
Other revenue
$188,056
Total assets, end of year
$132,320,213
Total liabilities, end of year
$30,894,263
Net assets or fund balances, end of year
$101,425,950
Program services expenses (Part IX)
$132,115,029
Management and general expenses
$16,388,249
Fundraising expenses
$378,137
Program service expenses (Part III)
$132,115,029

Program services were 88.7% 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.

  • 1d · Related organizations

    $3,224,156

  • 1e · Government grants (contributions)

    $158,208,024

  • 1f · All other contributions, gifts and grants

    $10,500

  • 2a · Program service revenue: FINES AND FEES

    total $344,977 · related or exempt $344,977

  • 3 · Investment income

    total $697,389 · unrelated business $0 · excluded $697,389

  • 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 $5,898,839

  • 7b · Less cost or other basis and sales expenses

    securities $4,973,697

  • 7c · Gain or loss

    securities $925,142

  • 7d · Net gain or loss

    total $925,142 · excluded $925,142

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $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

  • 11a · Other revenue: BOOKS/OTHER SALES

    total $163,381 · related or exempt $163,381

  • 11b · Other revenue: OTHER REVENUE

    total $24,675 · related or exempt $24,675

  • 11e · Other revenue, total

    $188,056

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 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 $1,667,980 · program services $313,750 · management and general $1,354,230

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $77,347,775 · program services $68,380,784 · management and general $8,629,231 · fundraising $337,760

  • 8 · Pension plan contributions

    total $8,575,063 · program services $8,017,417 · management and general $540,963 · fundraising $16,683

  • 9 · Other employee benefits

    total $23,237,604 · program services $21,610,664 · management and general $1,582,440 · fundraising $44,500

  • 10 · Payroll taxes

    total $5,732,753 · program services $5,313,863 · management and general $408,022 · fundraising $10,868

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $9,415 · management and general $9,415

  • 11c · Fees: accounting

    total $144,499 · management and general $144,499

  • 11d · Fees: lobbying

    total $42,000 · management and general $42,000

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $108,476 · management and general $108,476

  • 11g · Fees: other

    total $5,357,184 · program services $4,061,394 · management and general $1,327,648 · fundraising -$31,858

  • 12 · Advertising and promotion

    total $282,532 · program services $153,841 · management and general $128,691

  • 13 · Office expenses

    total $713,008 · program services $562,480 · management and general $150,528

  • 14 · Information technology

    total $8,108,056 · program services $6,100,863 · management and general $2,007,193

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $7,318,003 · program services $6,846,634 · management and general $471,369

  • 17 · Travel

    total $180,993 · program services $98,552 · management and general $82,441

  • 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 $1,996,267 · program services $1,517,738 · management and general $478,529

  • 23 · Insurance

    total $1,408,912 · management and general $1,408,912

  • 24a · Other expenses: BOOKS & LIBRARY MATERIALS

    total $8,377,200 · program services $8,377,200

  • 24b · Other expenses: OTHER EXPENSES

    total $245,924 · program services $160,264 · management and general $85,476 · fundraising $184

  • 24c · Other expenses: BAD DEBTS

    total -$1,972,229 · program services $599,585 · management and general -$2,571,814

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $27,703 · end of year $27,033

  • 2 · Savings and temporary cash investments

    beginning of year $44,535,727 · end of year $38,947,184

  • 3 · Pledges and grants receivable

    beginning of year $8,442,156 · end of year $14,631,038

  • 4 · Accounts receivable

    beginning of year $73,851 · end of year $81,826

  • 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 $298,266 · end of year $259,081

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

    $81,902,035

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

    $35,570,546

  • 10c · Land, buildings and equipment, net

    beginning of year $38,952,270 · end of year $46,331,489

  • 11 · Investments: publicly traded securities

    beginning of year $21,251,312 · end of year $23,382,362

  • 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 $19,600 · end of year $8,660,200

  • 17 · Accounts payable and accrued expenses

    beginning of year $16,223,214 · end of year $10,749,338

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $3,017,975 · end of year $2,133,477

  • 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 $8,226,674 · end of year $18,011,448

  • 27 · Net assets without donor restrictions

    beginning of year $85,814,166 · end of year $101,148,466

  • 28 · Net assets with donor restrictions

    beginning of year $318,856 · end of year $277,484

Mission and programs · 2022

Mission

QUEENS LIBRARY TRANSFORMS LIVES BY CULTIVATING PERSONAL AND INTELLECTUAL GROWTH AND BY BUILDING STRONG COMMUNITIES.

  • IN FY'23, THE QUEENS BOROUGH PUBLIC LIBRARY OFFERED FREE ACCESS TO A COLLECTION OF MORE THAN 5.5 MILLION BOOKS AND OTHER MATERIALS IN MULTIPLE LANGUAGES, WHICH CIRCULATED 7.7 MILLION TIMES. THE LIBRARY HAD OVER 5.6 MILLION VISITS AT ITS 66 LOCATIONS ACROSS THE BOROUGH. MORE THAN 1.3M PEOPLE USED THE LIBRARY'S COMPUTERS AND ACCESSED THE WI-FI NETWORK. THE LIBRARY OFFERED OVER 53,000 EDUCATIONAL, CULTURAL, RECREATIONAL, AND CIVIC PROGRAMS WITH AN ATTENDANCE OF MORE THAN 856,000 CUSTOMERS.

    Expenses $132,115,029 · Revenue $533,033

As filed on the 2022 return.

Listed in Part VII

  • DENNIS WALCOTT

    PRESIDENT & CEO

    Total calculated
    $378,354
    From this org
    $281,456
    From related orgs
    $93,819
    Other
    $3,079
    Hours/week
    30 + 10 related

    Schedule J breakdown matched by us

    Base
    $281,456 + $93,819 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $2,309 + $770 related
    Filer's total
    $283,765 + $94,589 related

  • SUNG KIM

    COO & SVP

    Total calculated
    $304,252
    From this org
    $245,543
    From related orgs
    $5,011
    Other
    $53,698
    Hours/week
    39.2 + 0.8 related

    Schedule J breakdown matched by us

    Base
    $245,543 + $5,011 related
    Bonus
    $0
    Other
    $0
    Deferred
    $23,081 + $471 related
    Nontaxable benefits
    $29,543 + $603 related
    Filer's total
    $298,167 + $6,085 related

  • MICHAEL TRAGALE

    CFO & SVP THRU 11/30/22

    Total calculated
    $286,077
    From this org
    $220,810
    From related orgs
    $11,622
    Other
    $53,645
    Hours/week
    38 + 2 related

    Schedule J breakdown matched by us

    Base
    $220,810 + $11,622 related
    Bonus
    $0
    Other
    $0
    Deferred
    $20,756 + $1,092 related
    Nontaxable benefits
    $30,207 + $1,590 related
    Filer's total
    $271,773 + $14,304 related

  • LAWRENCE VEDILAGO

    VP, RISK MANAGEMENT

    Total calculated
    $274,462
    From this org
    $204,271
    From related orgs
    $0
    Other
    $70,191
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $204,271
    Bonus
    $0
    Other
    $0
    Deferred
    $40,241
    Nontaxable benefits
    $29,950
    Filer's total
    $274,462

  • NICK BURON

    CHIEF LIBRARIAN & SVP

    Total calculated
    $274,173
    From this org
    $197,868
    From related orgs
    $8,244
    Other
    $68,061
    Hours/week
    38.4 + 1.6 related

    Schedule J breakdown matched by us

    Base
    $197,868 + $8,244 related
    Bonus
    $0
    Other
    $0
    Deferred
    $38,980 + $1,624 related
    Nontaxable benefits
    $26,359 + $1,098 related
    Filer's total
    $263,207 + $10,966 related

  • JUSTIN DEABLER ESQ

    General Counsel & SVP

    Total calculated
    $257,447
    From this org
    $197,530
    From related orgs
    $10,396
    Other
    $49,521
    Hours/week
    38 + 2 related

    Schedule J breakdown matched by us

    Base
    $197,530 + $10,396 related
    Bonus
    $0
    Other
    $0
    Deferred
    $18,568 + $977 related
    Nontaxable benefits
    $28,477 + $1,499 related
    Filer's total
    $244,575 + $12,872 related

  • GITTE PENG

    COS & SVP

    Total calculated
    $247,051
    From this org
    $177,362
    From related orgs
    $44,340
    Other
    $25,349
    Hours/week
    32 + 8 related

    Schedule J breakdown matched by us

    Base
    $177,362 + $44,340 related
    Bonus
    $0
    Other
    $0
    Deferred
    $16,672 + $4,168 related
    Nontaxable benefits
    $3,607 + $902 related
    Filer's total
    $197,641 + $49,410 related

  • WILLIAM GOLDBAND

    VP, ITD

    Total calculated
    $246,971
    From this org
    $196,646
    From related orgs
    $0
    Other
    $50,325
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $196,646
    Bonus
    $0
    Other
    $0
    Deferred
    $18,485
    Nontaxable benefits
    $31,840
    Filer's total
    $246,971

  • ANDREW WEDMORE

    LABOR COUNSEL & DIRECTOR

    Total calculated
    $244,525
    From this org
    $190,585
    From related orgs
    $0
    Other
    $53,940
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $190,585
    Bonus
    $0
    Other
    $0
    Deferred
    $28,207
    Nontaxable benefits
    $25,733
    Filer's total
    $244,525

  • JACQUELINE MARTINEZ

    DIRECTOR OF HUMAN RESOURCES

    Total calculated
    $225,232
    From this org
    $194,286
    From related orgs
    $0
    Other
    $30,946
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $194,286
    Bonus
    $0
    Other
    $0
    Deferred
    $18,263
    Nontaxable benefits
    $12,683
    Filer's total
    $225,232

  • JOHN KATIMARIS

    VP OF CAPITAL PROJECTS

    Total calculated
    $198,550
    From this org
    $178,108
    From related orgs
    $0
    Other
    $20,442
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $178,108
    Bonus
    $0
    Other
    $0
    Deferred
    $16,742
    Nontaxable benefits
    $3,700
    Filer's total
    $198,550

  • STEPHEN MACK

    CFO & SVP AS OF 11/30/22

    Total calculated
    $20,611
    From this org
    $17,779
    From related orgs
    $936
    Other
    $1,896
    Hours/week
    38 + 2 related

  • MICHAEL RODRIGUEZ ESQCHAIR

    thru1/18/23TRUSTEE THRU2/27/23

    Total calculated
    $0
    Hours/week
    5 + 1 related

  • Earl G Simons EDDVCHAIR

    THRU 1/18/23,CHAIR EFF.1/19/23

    Total calculated
    $0
    Hours/week
    5 + 1 related

  • Eli Shapiro EDD LCSWSecy

    thru1/18/23,V.CHAIR EFF1/19/23

    Total calculated
    $0
    Hours/week
    5

  • PAULINE HEALYasst treasthru

    1/18/23, TREASURER EFF.1/19/23

    Total calculated
    $0
    Hours/week
    5 + 2 related

  • TERRI THOMSONTRUSTEE THRU

    1/18/23,ASST TREAS. eff1/19/23

    Total calculated
    $0
    Hours/week
    5

  • MATTHEW GORTONTRUSTEE THRU

    1/18/23, SEC'Y eff. 01/19/23

    Total calculated
    $0
    Hours/week
    5 + 1.5 related

  • JULISSA GUTIERREZ Treasurer

    thru1/18/23,TRUSTEE EFF1/19/23

    Total calculated
    $0
    Hours/week
    5 + 1 related

  • JUDY BERGTRAUM ESQ

    TRUSTEE THRU 2/27/23

    Total calculated
    $0
    Hours/week
    5

  • JAMES HADDAD ESQ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • CLOYETTE HARRIS-STOUTE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • ANDREW JACKSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • CARL KOERNER ESQ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 3.5 related

  • PETER KAUFFMANN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • JAMIE LEE

    TRUSTEE EFF. 2/27/23

    Total calculated
    $0
    Hours/week
    2

  • SELINA LEE

    TRUSTEE EFF. 2/27/23

    Total calculated
    $0
    Hours/week
    2

  • MICHELLE MAIO

    TRUSTEE EFF. 2/27/23

    Total calculated
    $0
    Hours/week
    2

  • HAEDA MIHALTSES

    TRUSTEE THRU 2/27/23

    Total calculated
    $0
    Hours/week
    2

  • GUILLERMO PATINO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • GEORGE RUSSO ESQ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • ROBERT SANTOS ESQ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 1.5 related

  • LYDON SLEEPER-O'CONNELL

    TRUSTEE

    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

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 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.

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
19 April 2024
IRS schema version
2022v5.0
Source object
202411139349300736

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