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Nonprofiteer
← THE ROSENBACH OF THE FREE LIBRARY OF PHILADELPHIA

Form 990 for tax year 2024

Filed by THE ROSENBACH OF THE FREE LIBRARY OF PHILADELPHIA.

Totals

Total revenue
$3,432,926
Total expenses
$2,743,623
Contributions and grants received
$1,836,150
Grants paid
$0
Program service revenue
$215,890
Investment income
$1,423,985
Other revenue
-$43,099
Total assets, end of year
$20,088,802
Total liabilities, end of year
$948,177
Net assets or fund balances, end of year
$19,140,625
Program services expenses (Part IX)
$1,420,161
Management and general expenses
$775,776
Fundraising expenses
$547,686
Program service expenses (Part III)
$1,420,161

Program services were 51.8% 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

    $320,015

  • 1e · Government grants (contributions)

    $102,153

  • 1f · All other contributions, gifts and grants

    $1,413,982

  • 1g · Noncash contributions included above

    $8,200

  • 2a · Program service revenue: TUITION INCOME

    total $125,362 · related or exempt $125,362

  • 2b · Program service revenue: ADMISSIONS

    total $72,823 · related or exempt $72,823

  • 2c · Program service revenue: MUSEUM SHOP

    total $13,484 · related or exempt $13,484

  • 2f · All other program service revenue

    total $4,221 · related or exempt $4,221

  • 3 · Investment income

    total $367,944 · excluded $367,944

  • 5 · Royalties

    total $911 · excluded $911

  • 7a · Gross sales of assets other than inventory

    securities $508,451 · other assets $1,000,000

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

    securities $452,410 · other assets $0

  • 7c · Gain or loss

    securities $56,041 · other assets $1,000,000

  • 7d · Net gain or loss

    total $1,056,041 · excluded $1,056,041

  • 8a · Fundraising events: gross income

    $41,975

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

    $320,015

  • 8b · Fundraising events: direct expenses

    $102,387

  • 8c · Net income from fundraising events

    total -$60,412 · excluded -$60,412

  • 11d · All other revenue

    total $16,402 · excluded $16,402

  • 11e · Other revenue, total

    $16,402

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $182,796 · program services $104,027 · management and general $33,336 · fundraising $45,433

  • 7 · Other salaries and wages

    total $1,066,982 · program services $607,810 · management and general $192,768 · fundraising $266,404

  • 9 · Other employee benefits

    total $302,286 · program services $170,977 · management and general $58,278 · fundraising $73,031

  • 10 · Payroll taxes

    total $107,301 · program services $60,691 · management and general $20,687 · fundraising $25,923

  • 11c · Fees: accounting

    total $163,001 · program services $53,795 · management and general $30,539 · fundraising $78,667

  • 11d · Fees: lobbying

    total $47,000 · management and general $47,000

  • 11f · Fees: investment management

    total $32,293 · management and general $32,293

  • 11g · Fees: other

    total $152,054 · program services $2,470 · management and general $149,584

  • 12 · Advertising and promotion

    total $30,287 · program services $27,756 · management and general $1,378 · fundraising $1,153

  • 13 · Office expenses

    total $32,162 · program services $5,808 · management and general $25,359 · fundraising $995

  • 14 · Information technology

    total $1,906 · program services $1,906

  • 16 · Occupancy

    total $66,943 · program services $30,388 · management and general $31,994 · fundraising $4,561

  • 19 · Conferences, conventions and meetings

    total $26,314 · program services $8,779 · management and general $14,462 · fundraising $3,073

  • 22 · Depreciation, depletion and amortization

    total $124,511 · program services $112,047 · management and general $12,464

  • 23 · Insurance

    total $50,920 · program services $33,853 · management and general $11,613 · fundraising $5,454

  • 24a · Other expenses: COLLECTIONS ACQUISITION

    total $122,854 · program services $122,854

  • 24b · Other expenses: MISCELLANEOUS

    total $107,114 · program services $45,188 · management and general $22,335 · fundraising $39,591

  • 24c · Other expenses: REPAIRS AND MAINTENANCE

    total $90,706 · program services $12,379 · management and general $77,720 · fundraising $607

  • 24d · Other expenses: DUES AND PUBLICATIONS

    total $19,583 · program services $6,461 · management and general $10,328 · fundraising $2,794

  • 24e · All other expenses

    total $16,610 · program services $12,972 · management and general $3,638

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $7,999

  • 2 · Savings and temporary cash investments

    beginning of year $689,169 · end of year $322,222

  • 3 · Pledges and grants receivable

    beginning of year $457,154 · end of year $370,870

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $700,000

  • 8 · Inventories for sale or use

    beginning of year $83,876 · end of year $82,754

  • 9 · Prepaid expenses and deferred charges

    beginning of year $33,651 · end of year $35,813

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

    $5,920,598

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

    $1,227,256

  • 10c · Land, buildings and equipment, net

    beginning of year $4,413,336 · end of year $4,693,342

  • 11 · Investments: publicly traded securities

    beginning of year $12,829,164 · end of year $13,875,802

  • 17 · Accounts payable and accrued expenses

    beginning of year $346,622 · end of year $358,747

  • 25 · Other liabilities

    beginning of year $861,841 · end of year $589,430

  • 27 · Net assets without donor restrictions

    beginning of year $7,003,415 · end of year $8,066,043

  • 28 · Net assets with donor restrictions

    beginning of year $10,294,472 · end of year $11,074,582

Mission and programs · 2024

Mission

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.

Activities or mission (Part I)

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 INTEGRAL PART OF THE COLLECTION.

    Expenses $1,420,161 · Revenue $215,890

As filed on the 2024 return.

Listed in Part VII

  • BENITO CACHINERO-SANCHEZ

    CHAIR

    Total calculated
    $0
    Hours/week
    3 + 1 related

  • AMY COES

    VICE CHAIR (THRU JUN 2025)

    Total calculated
    $0
    Hours/week
    3 + 1 related

  • DANTHU THI PHAN

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    3

  • PETER D NALLE

    TREASURER (THRU JUN 2025)

    Total calculated
    $0
    Hours/week
    3 + 1 related

  • MEGHAN FOTOPOULOS

    TREASURER

    Total calculated
    $0
    Hours/week
    3

  • LISA WASHINGTON

    SECRETARY

    Total calculated
    $0
    Hours/week
    3

  • EMILY CAVANAGH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BOB DEMENTO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KAREN FLANNERY JAMES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARK GREENBERG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MELISSA GREENBERG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • GAGE JOHNSTON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • GENE LEFEVRE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DANIEL LEVINE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • GENIE MURPHY

    DIRECTOR (THRU JUN 2025)

    Total calculated
    $0
    Hours/week
    1

  • WILLIAM PETERSEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ROBIN PINDER-HERNDON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • NED SCHARFF

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • PAMELA SCHREIBER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ARTHUR SPECTOR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LENORE STEINER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SANDRA SUAREZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JUDE TUMA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • DARREN WINSTON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KELSEY BATES

    EXECUTIVE DIRECTOR

    Total calculated
    $177,100
    From this org
    $0
    From related orgs
    $151,801
    Other
    $25,299
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $0 + $151,801 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $5,590 related
    Nontaxable benefits
    $0 + $19,709 related
    Filer's total
    $0 + $177,100 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

  • 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
2024
Filed
26 May 2026
IRS schema version
2024v5.5
Source object
202601469349301020

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