Civic Intelligence

Providence Public Library Foundation

990 • Fiscal year 2015 • EIN 34-2052912

Jul 01, 2014 to Jun 30, 2015 • Filed on May 12, 2016

Organization ProfileWWW.PROVLIB.ORG

Refreshing map…

150 Empire StreetProvidence, RI 02903

(401) 455-8000

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

9th percentile

0.01x

Higher debt load relative to assets than 9% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2015

Liabilities / Revenue

32nd percentile

0.17x

Higher debt load relative to revenue than 32% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2015

Net Margin

5th percentile

-41%

Higher net margin than 5% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2015

Top Officer Pay

14th percentile

$114,019

Higher top officer pay than 14% of similar nonprofits.

Top officer pay equals 6.5% of source-year revenue.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2015

Asset Growth

32nd percentile

-1.7%

Faster asset growth than 32% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2014 to 2015

Revenue Growth

4th percentile

-47%

Faster revenue growth than 4% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets9th percentile

Assets

Down

$33,980,528

Down $575,296 (-1.7%) from 2014

Net Assets

Down

$33,685,341

Down $584,359 (-1.7%) from 2014

Liabilities

Up

$295,187

Up $9,063 (+3.2%) from 2014

Revenue And Expenses
Liabilities / Revenue32nd percentileNet Margin5th percentile

Revenue

Down

$1,748,284

Down $1,539,066 (-47%) from 2014

Expenses

Up

$2,472,493

Up $114,501 (+4.9%) from 2014

Net Income

Down

-$724,209

Down $1,653,567 (-178%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth32nd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$40M$30M$20M$10M$0Assets 2011: $31,820,384Liabilities 2011: $346,142Net Assets 2011: $31,474,2422011Assets 2012: $30,323,661Liabilities 2012: $319,688Net Assets 2012: $30,003,9732012Assets 2014: $34,555,824Liabilities 2014: $286,124Net Assets 2014: $34,269,7002014Assets 2015: $33,980,528Liabilities 2015: $295,187Net Assets 2015: $33,685,3412015Assets 2017: $33,589,053Liabilities 2017: $243,542Net Assets 2017: $33,345,5112017Assets 2018: $35,857,974Liabilities 2018: $1,277,018Net Assets 2018: $34,580,9562018Assets 2019: $34,877,258Liabilities 2019: $293,352Net Assets 2019: $34,583,9062019Assets 2020: $33,366,961Liabilities 2020: $293,352Net Assets 2020: $33,073,6092020Assets 2021: $38,016,143Liabilities 2021: $243,884Net Assets 2021: $37,772,2592021Assets 2022: $32,290,022Liabilities 2022: $405,107Net Assets 2022: $31,884,9152022

Highlighted filing

2015

Assets$33,980,528
Liabilities$295,187
Net Assets$33,685,341
Open 2015 Filing

Operations Trend

Revenue Growth4th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$2.0M$0-$2.0M-$4.0MExpenses 2011: $2,812,6962011Expenses 2012: $2,158,7062012Revenue 2014: $3,287,350Expenses 2014: $2,357,992Net Income 2014: $929,3582014Revenue 2015: $1,748,284Expenses 2015: $2,472,493Net Income 2015: -$724,2092015Revenue 2017: $1,345,614Expenses 2017: $2,535,662Net Income 2017: -$1,190,0482017Revenue 2018: $2,209,151Expenses 2018: $2,304,249Net Income 2018: -$95,0982018Revenue 2019: $2,603,067Expenses 2019: $2,490,035Net Income 2019: $113,0322019Revenue 2020: $242,601Expenses 2020: $2,850,441Net Income 2020: -$2,607,8402020Revenue 2021: $2,771,524Expenses 2021: $3,843,750Net Income 2021: -$1,072,2262021Revenue 2022: $3,076,683Expenses 2022: $2,726,618Net Income 2022: $350,0652022

Highlighted filing

2015

Revenue$1,748,284
Expenses$2,472,493
Net Income-$724,209
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
May 12, 2016
Return Version
2014v6.0
Gross Receipts
$5,510,254
Mission and Program Overview

Mission

To ensure continued excellence in library services for the providence public library community by providing private funding to enhance programs and services.

To nurture and support the providence public library's goals and priorities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$34,524,411$33,947,336▼ $577,075
Cash and Non-Interest-Bearing Accounts$26,107$30,736▲ $4,629
Accounts Receivable$5,306$2,456▼ $2,850
Total Assets$34,555,824$33,980,528▼ $575,296
Liabilities
Other Liabilities$244,493$255,059▲ $10,566
Accounts Payable and Accrued Expenses$41,631$40,128▼ $1,503
Total Liabilities$286,124$295,187▲ $9,063
Net Assets / Fund Balance
Unrestricted Net Assets$29,538,378$28,950,294▼ $588,084
Permanently Rstr Net Assets$4,182,940$4,185,340▲ $2,400
Temporarily Rstr Net Assets$548,382$549,707▲ $1,325
Total Net Assets Fund Balance$34,269,700$33,685,341▼ $584,359
Total Liabilities and Net Assets / Fund Balance$34,555,824$33,980,528▼ $575,296

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$4,182,940$2,400--$4,185,340
2013$4,182,645$295--$4,182,940
2012$4,182,345$300--$4,182,645
2011$6,459,125--$2,276,780$4,182,345
2010$6,409,544$49,581--$6,459,125
Compensation and Service Providers
Top Officer Pay14th percentile

Employees

NameTitleOtherTotal
Hillias J Martin JrLibrary Director$114,019$114,019
Kathy Ellen BullardAssoc. Library Director$95,539$95,539

Board Members and Trustees

NameTitle
Dr Kathleen HittnerChair
Robert K TaylorVice Chair
Artemis JoukowskyTrustee
Diane IannuccilliTrustee
Dr Edward IannuccilliTrustee
Elizabeth K DebsTrustee
Guy LombardoTrustee
Robert FlandersTrustee
Robert W Edwards JrTrustee
Scott LisleTrustee
Karen DelponteSecretary
Joan M CaineTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Parsons Capital Mgmt INCInvestment Management10 WEYBOSSET ST STE 1000, Providence, RI 02903$205,209
Revenue and Support

Revenue Composition

Contributions and Grants
$90,448
Program Service Revenue
$0
Investment Income
$1,657,836
Other Revenue
$0
All Other Contributions
$90,448
Change in Net Assets
$-724,209
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,469,428
Total Fundraising Expense$75,557
Grants and Similar Amounts Paid$3,065
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Payments to Affiliates$2,116,669--$2,116,669
Fees for Service Investment Mgmnt Fees-$243,209-$243,209
Fees for Services Accounting-$20,750-$20,750
Office Expenses-$1,489$7,819$9,308
Other Expenses-$908$4,766$5,674
Grants to Domestic Orgs$3,065--$3,065
Fees for Services Other--$719$719
Total Functional Expenses$2,119,734$277,202$75,557$2,472,493
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Intercompany Advances From Ppl$255,059
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

“Trustees dr. Edward iannuccilli and diane iannuccilli are related.”

Form 990, Part VI, Section B, Line 11

“The form 990 is prepared by the external auditors and reviewed by management and the finance committee of the board. Revisions, corrections, etc. Are made as necessary. Once all are satisfied with the form, it is finalized and a copy is made available to all board members.”

Form 990, Part VI, Section C, Line 19

“The organization's articles of incorporation are available at the secretary of state's office. Financial statements and form 990 are available upon request. The organization does not make its by-laws or its conflict of interest policy available to the public as it does not believe that a public purpose would be served by doing so.”

Filing and Contact Details

Filer

Filer Name
Providence Public Library Foundation
EIN
34-2052912
Phone
4014558000
Address
150 EMPIRE STREET, PROVIDENCE, RI 02903

Signing Officer

Name
Carinda Palumbo
Title
Finance Director
Phone
4014558000
Signed
2016-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Carinda Palumbo
Formed
2005
Legal Domicile
Ri
Voting Board Members
12
Independent Board Members
12
Employees
0
Volunteers
23

Preparer

Firm
Kahn Litwin Renza & Co Ltd
Address
951 NORTH MAIN STREET, PROVIDENCE, RI 02904
Preparer
Deborah a Hopkins
Phone
4012742001
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“For purposes of the footnote below, the foundation refers to providence public library foundation and the library refers to the related organization providence public library, referenced in sch r, part ii. The library and foundation are public charities exempt from income tax in accordance with section 501(c)(3) of the internal revenue code. Management believes that the library and the foundation operate in a manner consistent with their tax-exempt status at both the state and federal level. Authoritative guidance requires the evaluation of tax positions taken or expected to be taken in the course of preparing the organization's tax returns to determine whether the tax positions are "more likely than not" to be sustained by the applicable taxing authority. Tax positions not deemed to meet the "more likely than not" threshold would be recorded as a tax benefit or expense in the current year. The library and the foundation annually file irs form 990 - return of organization exempt from income tax, reporting various information that the irs uses to monitor the activities of tax-exempt entities. The library also files irs form 990-t - exempt organization's business income tax return, for all of its taxable transactions. These tax returns are subject to review by the taxing authorities generally for three years after they were filed. The library and the foundation currently have no tax examinations in progress.”

PART V: ENDOWMENT FUNDS

“Endowment composition by type of fund at the organization's year end is as follows: general operations $ 977,045 various book funds $3,208,295 total $4,185,340”

Raw XML AppendixShowing 400 of 476 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/NoncashContributionsAmt06170
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/FundraisingAmt07819
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01489
IRS990/OfficeExpensesGrp/TotalAmt09308
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0REIMBURSE PPL FOR STAFF
IRS990/OtherExpensesGrp/Desc1SOCIAL EVENTS/HOSPITALI
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS
IRS990/OtherExpensesGrp/FundraisingAmt056474
IRS990/OtherExpensesGrp/FundraisingAmt15779
IRS990/OtherExpensesGrp/FundraisingAmt24766
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt010757
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt189
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2908
IRS990/OtherExpensesGrp/TotalAmt067231
IRS990/OtherExpensesGrp/TotalAmt15868
IRS990/OtherExpensesGrp/TotalAmt25674
IRS990/OtherLiabilitiesGrp/BOYAmt0244493
IRS990/OtherLiabilitiesGrp/EOYAmt0255059
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/ProgramServicesAmt02116669
IRS990/PaymentsToAffiliatesGrp/TotalAmt02116669
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt04182940
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt04185340
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0CARINDA PALUMBO
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt097514
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt010565
IRS990/PYInvestmentIncomeAmt03189836
IRS990/PYOtherExpensesAmt02347427
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0929358
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt02357992
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03287350
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-724209
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0050262713
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd07
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt02116669
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0PROVIDENCE PUBLIC LIBRARY
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt02116669
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt04182940
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt02400
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt04185340
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt04182645
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0295
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt04182940
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt04182345
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0300
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt04182645
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt06459125
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt04182345
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt02276780
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt06409544
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt049581
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt06459125
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0255059
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0INTERCOMPANY ADVANCES FROM PPL
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct01.00000
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FOR PURPOSES OF THE FOOTNOTE BELOW, THE FOUNDATION REFERS TO PROVIDENCE PUBLIC LIBRARY FOUNDATION AND THE LIBRARY REFERS TO THE RELATED ORGANIZATION PROVIDENCE PUBLIC LIBRARY, REFERENCED IN SCH R, PART II. THE LIBRARY AND FOUNDATION ARE PUBLIC CHARITIES EXEMPT FROM INCOME TAX IN ACCORDANCE WITH SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. MANAGEMENT BELIEVES THAT THE LIBRARY AND THE FOUNDATION OPERATE IN A MANNER CONSISTENT WITH THEIR TAX-EXEMPT STATUS AT BOTH THE STATE AND FEDERAL LEVEL. AUTHORITATIVE GUIDANCE REQUIRES THE EVALUATION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE COURSE OF PREPARING THE ORGANIZATION'S TAX RETURNS TO DETERMINE WHETHER THE TAX POSITIONS ARE "MORE LIKELY THAN NOT" TO BE SUSTAINED BY THE APPLICABLE TAXING AUTHORITY. TAX POSITIONS NOT DEEMED TO MEET THE "MORE LIKELY THAN NOT" THRESHOLD WOULD BE RECORDED AS A TAX BENEFIT OR EXPENSE IN THE CURRENT YEAR. THE LIBRARY AND THE FOUNDATION ANNUALLY FILE IRS FORM 990 - RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, REPORTING VARIOUS INFORMATION THAT THE IRS USES TO MONITOR THE ACTIVITIES OF TAX-EXEMPT ENTITIES. THE LIBRARY ALSO FILES IRS FORM 990-T - EXEMPT ORGANIZATION'S BUSINESS INCOME TAX RETURN, FOR ALL OF ITS TAXABLE TRANSACTIONS. THESE TAX RETURNS ARE SUBJECT TO REVIEW BY THE TAXING AUTHORITIES GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. THE LIBRARY AND THE FOUNDATION CURRENTLY HAVE NO TAX EXAMINATIONS IN PROGRESS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1ENDOWMENT COMPOSITION BY TYPE OF FUND AT THE ORGANIZATION'S YEAR END IS AS FOLLOWS: GENERAL OPERATIONS $ 977,045 VARIOUS BOOK FUNDS $3,208,295 TOTAL $4,185,340
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART V: ENDOWMENT FUNDS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalLiabilityAmt0255059
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TRUSTEES DR. EDWARD IANNUCCILLI AND DIANE IANNUCCILLI ARE RELATED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS PREPARED BY THE EXTERNAL AUDITORS AND REVIEWED BY MANAGEMENT AND THE FINANCE COMMITTEE OF THE BOARD. REVISIONS, CORRECTIONS, ETC. ARE MADE AS NECESSARY. ONCE ALL ARE SATISFIED WITH THE FORM, IT IS FINALIZED AND A COPY IS MADE AVAILABLE TO ALL BOARD MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S ARTICLES OF INCORPORATION ARE AVAILABLE AT THE SECRETARY OF STATE'S OFFICE. FINANCIAL STATEMENTS AND FORM 990 ARE AVAILABLE UPON REQUEST. THE ORGANIZATION DOES NOT MAKE ITS BY-LAWS OR ITS CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC AS IT DOES NOT BELIEVE THAT A PUBLIC PURPOSE WOULD BE SERVED BY DOING SO.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0PROVIDENCE PUBLIC LIBRARY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0050262713
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0RI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0PROVIDE LIBRARY SERVICES TO THE CITY OF PROVIDENCE AND RHODE ISLAND.
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt07
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0150 EMPIRE STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0PROVIDENCE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0RI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd002903
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt02116669
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0PROVIDENCE PUBLIC LIBRARY
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0B
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0RI
IRS990/SubjectToProxyTaxInd00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$33,980,528
Liabilities
$295,187
Net assets
$33,685,341
Revenue
$1,748,284
Expenses
$2,472,493
Net income
-$724,209
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Summary only. Only limited summary data is available for this year.$32.3$0.41$31.9$3.08$2.73$0.35
2021Summary only. Only limited summary data is available for this year.$38.0$0.24$37.8$2.77$3.84$1.07
2020Summary only. Only limited summary data is available for this year.$33.4$0.29$33.1$0.24$2.85$2.61
2019Summary only. Only limited summary data is available for this year.$34.9$0.29$34.6$2.60$2.49$0.11
2018Summary only. Only limited summary data is available for this year.$35.9$1.28$34.6$2.21$2.30$0.10
2017Summary only. Only limited summary data is available for this year.$33.6$0.24$33.3$1.35$2.54$1.19
2015Detailed filing. Detailed filing data is available for this year.$34.0$0.30$33.7$1.75$2.47$0.72
2014Summary only. Only limited summary data is available for this year.$34.6$0.29$34.3$3.29$2.36$0.93
2012Summary only. Only limited summary data is available for this year.$30.3$0.32$30.0$2.16
2011Summary only. Only limited summary data is available for this year.$31.8$0.35$31.5$2.81