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Nonprofiteer
← THE ROSENBACH OF THE FREE LIBRARY OF PHILADELPHIA

Form 990 for tax year 2023

Filed by THE ROSENBACH OF THE FREE LIBRARY OF PHILADELPHIA.

Totals

Total revenue
$1,984,103
Total expenses
$2,924,112
Contributions and grants received
$1,312,932
Grants paid
$0
Program service revenue
$151,734
Investment income
$518,462
Other revenue
$975
Total assets, end of year
$18,506,350
Total liabilities, end of year
$1,208,463
Net assets or fund balances, end of year
$17,297,887
Program services expenses (Part IX)
$1,410,669
Management and general expenses
$1,008,423
Fundraising expenses
$505,020
Program service expenses (Part III)
$1,410,669

Program services were 48.2% 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

    $189,822

  • 1e · Government grants (contributions)

    $366,503

  • 1f · All other contributions, gifts and grants

    $756,607

  • 2a · Program service revenue: ADMISSIONS

    total $76,556 · related or exempt $76,556

  • 2b · Program service revenue: TUITION INCOME

    total $56,877 · related or exempt $56,877

  • 2c · Program service revenue: MUSEUM SHOP

    total $12,784 · related or exempt $12,784

  • 2f · All other program service revenue

    total $5,517 · excluded $5,517

  • 3 · Investment income

    total $343,223 · excluded $343,223

  • 5 · Royalties

    total $975 · excluded $975

  • 7a · Gross sales of assets other than inventory

    securities $749,707

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

    securities $574,468

  • 7c · Gain or loss

    securities $175,239

  • 7d · Net gain or loss

    total $175,239 · excluded $175,239

  • 8a · Fundraising events: gross income

    $42,941

  • 8a · Fundraising events: contributions included on line 1c

    $189,822

  • 8b · Fundraising events: direct expenses

    $42,941

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $164,457 · program services $87,254 · management and general $35,507 · fundraising $41,696

  • 7 · Other salaries and wages

    total $1,072,068 · program services $562,734 · management and general $238,524 · fundraising $270,810

  • 9 · Other employee benefits

    total $188,493 · program services $110,858 · management and general $28,052 · fundraising $49,583

  • 10 · Payroll taxes

    total $90,944 · program services $53,487 · management and general $13,535 · fundraising $23,922

  • 11c · Fees: accounting

    total $229,871 · management and general $229,871

  • 11f · Fees: investment management

    total $27,514 · management and general $27,514

  • 11g · Fees: other

    total $310,922 · program services $189,353 · management and general $115,144 · fundraising $6,425

  • 12 · Advertising and promotion

    total $21,245 · program services $15,397 · management and general $16 · fundraising $5,832

  • 13 · Office expenses

    total $38,301 · program services $5,629 · management and general $25,788 · fundraising $6,884

  • 14 · Information technology

    total $8,266 · program services $8,266

  • 16 · Occupancy

    total $67,263 · program services $29,144 · management and general $34,303 · fundraising $3,816

  • 19 · Conferences, conventions and meetings

    total $63,245 · program services $3,569 · management and general $14,550 · fundraising $45,126

  • 22 · Depreciation, depletion and amortization

    total $111,633 · program services $100,428 · management and general $11,205

  • 23 · Insurance

    total $56,331 · program services $37,774 · management and general $12,243 · fundraising $6,314

  • 24a · Other expenses: COLLECTIONS ACQUISITION

    total $141,685 · program services $141,685

  • 24b · Other expenses: REPAIRS AND MAINTENANCE

    total $112,133 · program services $8,467 · management and general $102,537 · fundraising $1,129

  • 24c · Other expenses: PROGRAMS AND EXHIBITS

    total $97,962 · program services $13,579 · management and general $83,593 · fundraising $790

  • 24d · Other expenses: MISCELLANEOUS

    total $29,119 · program services $6,067 · management and general $15,688 · fundraising $7,364

  • 24e · All other expenses

    total $92,660 · program services $36,978 · management and general $20,353 · fundraising $35,329

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,651

  • 2 · Savings and temporary cash investments

    beginning of year $3,081,147 · end of year $689,169

  • 3 · Pledges and grants receivable

    beginning of year $1,096,661 · end of year $457,154

  • 4 · Accounts receivable

    beginning of year $200

  • 8 · Inventories for sale or use

    beginning of year $79,771 · end of year $83,876

  • 9 · Prepaid expenses and deferred charges

    beginning of year $26,127 · end of year $33,651

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

    $5,519,067

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

    $1,105,731

  • 10c · Land, buildings and equipment, net

    beginning of year $4,376,250 · end of year $4,413,336

  • 11 · Investments: publicly traded securities

    beginning of year $11,689,853 · end of year $12,829,164

  • 17 · Accounts payable and accrued expenses

    beginning of year $342,809 · end of year $346,622

  • 25 · Other liabilities

    beginning of year $2,771,195 · end of year $861,841

  • 27 · Net assets without donor restrictions

    beginning of year $7,327,677 · end of year $7,003,415

  • 28 · Net assets with donor restrictions

    beginning of year $9,913,979 · end of year $10,294,472

Mission and programs · 2023

Mission

OPERATION OF MUSEUM AND LIBRARY IN ACCORDANCE WITH THE MISSION STATEMENT: "THE ROSENBACH MUSEUM & LIBRARY IS A COMMUNITY THAT ENGAGES WITH AND CELEBRATES THE ART OF THE WRITTEN WORD USING OUR COLLECTION OF RARE BOOKS AND MANUSCRIPTS."

  • OPERATION OF A MUSEUM AND RESEARCH LIBRARY WITH RELATED EXHIBIT AND EDUCATIONAL ACTIVITIES AND MAINTENANCE OF THE BUILDING WHICH IS AN INTERGRAL PART OF THE COLLECTION.

    Expenses $1,410,669 · Revenue $146,217

As filed on the 2023 return.

Listed in Part VII

  • AMY COES

    CO-VICE CHAIR

    Total calculated
    $0
    Hours/week
    3 + 1 related

  • BENITO CACHINERO - SANCHEZ

    CHAIR

    Total calculated
    $0
    Hours/week
    3 + 1 related

  • LENORE STEINER

    CO-VICE CHAIR

    Total calculated
    $0
    Hours/week
    3 + 1 related

  • LISA WASHINGTON

    SECRETARY

    Total calculated
    $0
    Hours/week
    3

  • PETER D NALLE

    TREASURER

    Total calculated
    $0
    Hours/week
    3 + 1 related

  • DANIEL LEVINE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DANTHU THI PHAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DARREN WINSTON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • GENE LEFEVRE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • GENIE MURPHY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JUDE TUMA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • KAREN JAMES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • M GAGE JOHNSTON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MELISSA GREENBERG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • PAMELA SCHREIBER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ROBERT DEMENTO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ROBIN PINDER-HERNDON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • WILLIAM PETERSEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MEGHAN FOTOPOULOS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARK GREENBERG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • NED SCHARFF

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ARTHUR SPECTOR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SANDRA SUAREZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KELSEY BATES

    EXECUTIVE DIRECTOR

    Total calculated
    $166,767
    From this org
    $147,674
    From related orgs
    $0
    Other
    $19,093
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $132,467
    Bonus
    $0
    Other
    $15,207
    Deferred
    $4,765
    Nontaxable benefits
    $14,328
    Filer's total
    $166,767

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.

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
12 May 2025
IRS schema version
2023v6.0
Source object
202521359349305372

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