2024-05-10T13:28:16-05:00 2023-12-31 111986323 MARCUM LLP 53 STATE STREET BOSTON MA 02109 990 2023-01-01 046045400 FRENCH LIBRARY INC FREN 6179120400 53 MARLBOROUGH STREET BOSTON MA 021162043 BARBARA BOUQUEGNEAU EXECUTIVE DIRECTOR 6179120400 2024-05-10 1 BARBARA BOUQUEGNEAU 999009999 0 KRISTEN CUMMINGS P01510495 6178075000 2024-05-10 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z BARBARA BOUQUEGNEAU 53 MARLBOROUGH STREET BOSTON MA 021162043 13847504 0 X WWW.FRENCHLIBRARY.ORG X 1945 MA WITH ITS COLLECTION OF BOOKS, TAPES, AND DVDS FOR CULTURAL ACTIVITIES, THE LIBRARY OFFERS COURSES, BOOK READINGS AND DISCUSSIONS, LECTURES, COOKING AND WINE CLASSES, ART EXHIBITS, CONCERTS, AND LIBRARY AND TRANSLATION SERVICES IN THE FRENCH LANGUAGE. 15 15 49 175 0 0 677042 606145 769505 846856 5879106 330496 -1577 10607 7324076 1794104 250 0 0 0 1291513 1414914 0 0 87915 987876 1275801 2279639 2690715 5044437 -896611 23445062 23211329 3857172 3519143 19587890 19692186 WITH ITS COLLECTION OF BOOKS, TAPES, AND DVDS FOR CULTURAL ACTIVITIES, THE LIBRARY OFFERS COURSES, BOOK READINGS AND DISCUSSIONS, LECTURES, COOKING AND WINE CLASSES, ART EXHIBITS, CONCERTS, AND LIBRARY AND TRANSLATION SERVICES IN THE FRENCH LANGUAGE. 0 0 1164509 766638 EDUCATION AND TRANSLATION PROGRAMS THE LIBRARY PROVIDES THE HIGHEST QUALITY /FRENCH LANGUAGE INSTRUCTION IF A VARIETY OF SETTINGS INCLUDING GROUP CLASSES, PRIVATE INSTRUCTION, AND WORKSHOPS. IN ADDITION, THE LIBRARY SERVES AS AN EXAM LOCATION FOR FRENCH LANGUAGE PROFICIENCY EXAMS AND PROVIDES TRANSLATION OF DOCUMENTS BETWEEN FRENCH AND ENGLISH. 285527 72923 CULTURAL AFFAIRS PROGRAM EVENTS THAT HIGHLIGHT VARIOUS ASPECTS OF THE FRENCH CULTURE INCLUDE ART EXHIBITS, AUTHOR TALKS, CONCERTS, FILM PRESENTATIONS WITH DISCUSSION, AND FOOD AND WINE APPRECIATION. 263390 7295 LIBRARY PROGRAM THE LIBRARY INCLUDES 33,000 VOLUMES, INCLUDING BOOKS, CDS, DVDS, AND PERIODICALS AVAILABLE TO ITS MEMBERS. IN ADDITION, THE LIBRARY HOSTS BOOK READINGS, STORY-TIME, AND HAS ACCESS TO A WIDE ARRAY OF ONLINE RESOURCES. 1713426 1 1 0 0 0 0 0 1 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 6 0 1 49 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MA X BARBARA BOUQUEGNEAU 6179120400 53 MARLBOROUGH STREET BOSTON MA 02116 STEVEN GALANTE TRUSTEE/CHAIRMAN 4.00 X X 0 0 0 JEAN-FRANCOIS DUCREST TRUSTEE/VICE CHAIR 2.00 X X 0 0 0 HILARY GROVE TRUSTEE/TREASURER 1.00 X X 0 0 0 BARBARA BOUQUEGNEAU EXECUTIVE DIRECTOR/PRESIDE 40.00 X 160010 0 17255 MICHAEL RICHARD CFO/CLERK 14.00 X 113515 0 0 ALYSSA LEBEL TRUSTEE 1.00 X 0 0 0 BARBARA DE BRAGANCA TRUSTEE 1.00 X 0 0 0 CATHARINE-MARY DONOVAN TRUSTEE 1.00 X 0 0 0 ERIC VOGT TRUSTEE THRU 3/29/23 1.00 X 0 0 0 GONZAGUE DE MONTRICHARD TRUSTEE 2.00 X 0 0 0 HERVE SEDKY TRUSTEE 1.00 X 0 0 0 JEAN-LUC BOULNOIS TRUSTEE 1.00 X 0 0 0 NICOLAS MASSARD TRUSTEE 1.00 X 0 0 0 PIERRE SOREL TRUSTEE 1.00 X 0 0 0 VINCENT ZELENKO TRUSTEE 1.00 X 0 0 0 ZEINA AOUN TRUSTEE 1.00 X 0 0 0 PASCAL GIRIN TRUSTEE 1.00 X 0 0 0 DAVID MILLER TRUSTEE AS OF 12/14/23 1.00 X 0 0 0 ELISABETH KARNOUB OTHER 40.00 X 100882 0 892 374407 0 18147 3 1 1 0 MICHAEL P RICHARD 54 ANGELICA DR FRAMINGHAM MA 01701 FINANCIAL CONSULTANT 113515 1 121835 484310 166021 606145 EDUCATION & TRANSLATION REVENUE 611600 766638 766638 OTHER PROGRAM REVENUE 611600 80218 80218 846856 384066 384066 23153 0 23153 23153 23153 11980863 12034433 -53570 -53570 -53570 6310 18967 -12657 -12657 OTHER REVENUE 611600 111 111 111 1794104 846967 0 340992 X 177266 53254 88633 35379 1066001 793785 268097 4119 589 372 197 20 72810 46275 26535 98248 67452 27900 2896 107820 25600 77420 4800 4464 4464 46440 46440 53444 53444 10831 7950 2742 139 40954 7865 33089 40663 29621 10070 972 104363 62984 39678 1701 8028 4516 2890 622 1869 1009 860 110946 110946 344993 306071 29019 9903 51741 45904 4352 1485 UTILITIES 87312 78139 6839 2334 OTHER EXPENSES 83426 54309 15307 13810 OUTSIDE SERVICES 81660 72454 4955 4251 PRINTING & GRAPHICS 29372 612 28760 67475 55254 6737 5484 2690715 1713426 889374 87915 252851 145815 278071 117457 12400 37607 2155 384 40689 40971 11752819 2035991 9978855 9716828 12707070 13070734 80000 33914 92971 47619 23445062 23211329 565708 259302 331944 332782 2959520 2927059 3857172 3519143 X 14493228 14491976 5094662 5200210 19587890 19692186 23445062 23211329 -896611 1000907 0 X 0 1 X 1 0 X 1522445 623966 1491172 598514 484310 4720407 1522445 623966 1491172 598514 484310 4720407 1882332 2838075 299328 325816 248922 183310 384066 1441442 1224 755 120 1767 111 3977 6165826 0.46030 0.49930 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 0 12787070 171748 1277959 1078685 53444 13104648 17248376 243350 -2486546 2178072 40038 12787070 17608247 386235 2586705 3248346 84465 17248376 16730336 340709 1335579 743777 54600 17608247 15175806 1091798 1708166 1190078 55356 16730336 0.61215 0.32134 0.06650 0 0 37635 37635 1979864 1537978 441886 9179082 373209 8805873 556238 124804 431434 9716828 X 2754367 1000907 12800 1013707 1740660 53444 53444 1794104 2650071 12800 12800 2637271 53444 53444 2690715 PART III, LINE 1A: LIBRARY COLLECTIONS: THE LIBRARY HAS APPROXIMATELY 33,000 FRENCH ITEMS (BOOKS, CDS, DVDS, AND PERIODICALS) THAT ARE HELD FOR EDUCATIONAL RESEARCH AND CURATORIAL PURPOSES. THESE ITEMS HAVE NOT BEEN CAPITALIZED AS THEIR FAIR VALUE IS NOT READILY DETERMINABLE. EACH OF THE ITEMS IS CATALOGUED, PRESERVED, AND CARED FOR, AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED CONTINUOUSLY. COSTS OF ITEMS ADDED TO AND PROCEEDS FROM SALE OF ITEMS IN THIS COLLECTION ARE RECOGNIZED AS DECREASES OR INCREASES IN UNRESTRICTED NET ASSETS. CIRCULATING ITEMS HAVE NOT BEEN CAPITALIZED BECAUSE THEIR ESTIMATED USEFUL LIVES ARE LESS THAN ONE YEAR. OTHER PROPERTY: FROM TIME TO TIME, THE LIBRARY HAS RECEIVED VARIOUS GIFTS AND BEQUESTS OF PROPERTY (EQUIPMENT, FURNISHINGS, ETC.) FOR USE WITHIN THE LIBRARY. THESE HAVE NOT BEEN REFLECTED IN THE FINANCIAL STATEMENTS. PART X, LINE 2: THE LIBRARY IS RECOGNIZED AS AN ORGANIZATION EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE "CODE") WHEREBY ONLY UNRELATED BUSINESS INCOME, AS DEFINED BY SECTION 512(A)(1) OF THE CODE, IS SUBJECT TO FEDERAL INCOME TAX. IN ADDITION, THE LIBRARY HAS BEEN DETERMINED BY THE INTERNAL REVENUE SERVICE NOT TO BE A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A) OF THE CODE. THE LIBRARY RECOGNIZES AND MEASURES ITS UNRECOGNIZED TAX POSITIONS AND ASSESSES THE LIKELIHOOD, BASED ON THEIR TECHNICAL MERIT, THAT TAX POSITIONS WILL BE SUSTAINED UPON EXAMINATION BASED ON THE FACTS, CIRCUMSTANCES AND INFORMATION AVAILABLE AT THE END OF EACH PERIOD. THE MEASUREMENT OF UNRECOGNIZED TAX POSITIONS IS ADJUSTED WHEN NEW INFORMATION IS AVAILABLE, OR WHEN AN EVENT OCCURS THAT REQUIRES A CHANGE. INTEREST AND PENALTIES ASSOCIATED WITH UNRECOGNIZED TAX POSITIONS, IF ANY, ARE CLASSIFIED AS INTEREST EXPENSE AND ADDITIONAL INCOME TAXES IN THE STATEMENTS OF ACTIVITIES. THE LIBRARY DID NOT IDENTIFY ANY UNCERTAIN TAX POSITIONS AT DECEMBER 31, 2023 AND 2022. THE LIBRARY IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS PENDING OR IN PROGRESS. 0 0 0 0 0 0 0 0 0 BARBARA BOUQUEGNEAU EXECUTIVE DIRECTOR/PRESIDE 160010 0 0 0 0 0 0 0 17255 0 177265 0 0 0 X 3 166021 QUOTED MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B IN ADVANCE OF FILING, FORM 990 IS DISTRIBUTED TO ALL TRUSTEES. THE TRUSTEES ARE INVITED TO RAISE ANY QUESTIONS OR CONCERNS. UPON THE RESOLUTION OF ANY SUCH QUESTIONS OR CONCERNS, THE RETURN IS FILED. FORM 990, PART VI, SECTION B, LINE 12C CHAIR OF THE AUDIT COMMITTEE DISTRIBUTED TO ALL TRUSTEES THE CONFLICT OF INTEREST POLICY. THE TOPIC OF CONFLICT OF INTEREST IS CURRENTLY ADDRESSED AT LEAST ANNUALLY AT A BOARD OF TRUSTEE MEETING. THE DISCUSSION INCLUDES MAKING TRUSTEES AWARE OF THE NEED TO REPORT ANY POTENTIAL CONFLICTS, IN FACT OR APPEARANCE. FORM 990, PART VI, SECTION B, LINE 15A REGARDING THE EXECUTIVE DIRECTOR, WRITTEN OBJECTIVES DEVELOPED AT THE BEGINNING OF THE PERIOD OF REVIEW ARE COMPARED TO THE DIRECTOR'S WRITTEN PERIOD-END SELF ASSESSMENT. THE DIRECTOR DISCUSSES THEIR PERFORMANCE WITH THE CHAIR OF THE BOARD. FOLLOWING THIS PERFORMANCE APPRAISAL, THE CHAIR DISCUSSES SALARY RECOMMENDATIONS WITH THE HEADS OF THE COMPENSATION COMMITTEE AND GOVERNANCE COMMITTEE. THIS IS AN ANNUAL PROCESS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST TO THE EXECUTIVE DIRECTOR. IN ADDITION, GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE PUBLISHED ONLINE BY THE MASSACHUSETTS SECRETARY OF STATE'S OFFICE AND THE OFFICIAL WEBSITE OF THE ATTORNEY GENERAL OF MASSACHUSETTS, RESPECTIVELY. FORM 990, PART IX, LINE 24E BOOKS TAPES & SUBSCRIPTIONS: PROGRAM SERVICE EXPENSES 22,619. MANAGEMENT AND GENERAL EXPENSES 4,558. FUNDRAISING EXPENSES 303. TOTAL EXPENSES 27,480. TRANSLATOR: PROGRAM SERVICE EXPENSES 21,189. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 21,189. FOOD AND WINE SERVICES: PROGRAM SERVICE EXPENSES 11,446. MANAGEMENT AND GENERAL EXPENSES 2,179. FUNDRAISING EXPENSES 5,181. TOTAL EXPENSES 18,806.