The Theodore F Jenkins Memorial

“Copy of organization's final form 990 is given to governing body (board members) for review prior to filing.”

“The annual conflict of interest statements are reviewed by the board president. If there is a conflict, it is presented to the executive committee.”

“The co-executive directors study salary surveys for similiar positions and also review the 990 forms of other organizations. They share this information with the board president and they discuss salary increases based on this information and individual performance.”

“Organization provides copies on request.”

“Since 2020, the library has received the following accolades for its services. Sole practitioners: i wish i could fully convey how grateful many dedicated attorneys feel toward the entire jenkins team. You all have provided invaluable services to hard-working lawyers, but it is times like these when we come to appreciate better, how important your work is to the community. I've heard that deep-pocketed firms wisely rely on you; but your role is even more crucial to sole practitioners and small-firm attorneys . In my experience, attorneys from philly and across the country cite jenkins as the gold standard that is only getting better. Jenkins is so important for solo practitioners. Small firms: you are the only ones who could find this. This is a really cool service, by the way, and you're making my life much easier! Large firms: we appreciate jenkins being such a good partner to the firm's library. I really appreciate your help identifying this relevant resource. Thank you for all of your efforts in getting the attorney these materials over the past several days. Courts: i am thankful that jenkins keeps the pa briefs. Contacted the pa supreme court to get access to the case file. They did not have it! Then told me to try jenkins. I appreciate being able to still do book research and borrow the volumes. Government agencies: i always find help from jenkins indispensable!”

“Jenkins law library ("jenkins") is designated as the beneficiary of a perpetual charitable trust which gives jenkins the irrevocable right to the limited and restricted disbursements annually from the trust in perpetuity, but jenkins would never receive the assets held in the trust. The perpetual charitable trust is held and administered by an outside third party which controls the investment decisions and distributions to jenkins. Pnc is the trustee for this trust and jenkins has no control or authority over the funds in the trust or the amount of the limited and restricted income jenkins receives each year. As to the amount jenkins receives annually, it resides within the discretion of pnc as trustee as determined and informed by 1998 pa act 141. Based upon professional advice and u.s. Gaap accounting principles, as of january 1, 2023 jenkins recorded jenkins' interest in the perpetual charitable trust. Prevously jenkins had disclosed in a financial statement footnote the value of beneficial interest that would have been reported in the statement of the financial position, recognizing that reporting these asset funds on the financial statements would have misrepresented the amount of available funds jenkins has at its disposal and under its control. While concerns still exist, jenkins will record the fair value of jenkins' beneficial interest in the perpetual trust as an asset on jenkins' statements of financial position. In accordance with u.s. Gaap, the beneficial interest will be remeasured at fair value each reporting period with changes recognized annually. Distributions received from the trust during 2023 are included in investment income in part viii, line 3, where these distributions have been reported on all prior year 990's. For 2023 and forward, the change in the fair value of the beneficial interest in the trust will be reported as an other change in net assets in part xi, line 9.”

“Change of value of beneficial interest in perpetual charitable trust 93,592.”

“The process for the committee assuming responsibility for oversight of the audit of its financial statements and selection of an independent accountant has not changed.”