2024-05-14T09:24:15-05:00 2023-06-30 882730877 CHERRY BEKAERT ADVISORY LLC 1000 VINE CENTER 333 WEST VINE ST LEXINGTON KY 40507 990 2022-07-01 311565272 LEXINGTON PUBLIC LIBRARY FOUNDATION LEXI 8592315557 140 EAST MAIN STREET LEXINGTON KY 40507 HEATHER DIEFFENBACH EXECUTIVE DIRECTOR 8593215555 2024-05-14 1 HEATHER DIEFFENBACH 999009999 1 ELEANOR A LIVINGSTON CPA MST P00226461 8595147800 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z HEATHER DIEFFENBACH 140 EAST MAIN STREET LEXINGTON KY 40507 3193848 0 X WWW.LEXPUBLIB.ORG/FOUNDATION X 1997 KY THE LEXINGTON PUBLIC LIBRARY FOUNDATION WAS FORMED TO ENHANCE THE LIBRARY SERVICES OF THE LEXINGTON PUBLIC LIBRARY'S MISSION TO CONNECT PEOPLE, INSPIRE IDEAS, AND TRANSFORM LIVES IN FAYETTE COUNTY. 21 21 0 21 0 0 454647 3095362 0 0 27540 40230 46557 37789 528744 3173381 123046 763047 0 0 0 0 0 0 0 27331 20998 150377 784045 378367 2389336 1016079 3405415 664 664 1015415 3404751 TO ENHANCE THE LEXINGTON PUBLIC LIBRARY THROUGH ADVOCACY, STRATEGIC PARTNERSHIPS, AND PRIVATE FUNDING. 0 0 763047 763047 TO PROVIDE FINANCIAL SUPPORT FOR SPECIFIC PROJECTS OF ANY TYPE IT CONSIDERS APPROPRIATE AND TO ASSIST THE BOARD OF TRUSTEES OF THE LIBRARY AND ITS ADVISORY BOARD IN MAKING THE LIBRARY MORE VALUABLE TO THE ENTIRE COMMUNITY. 763047 1 1 0 1 0 0 0 0 0 1 0 0 0 0 1 1 0 1 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 21 21 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 KY X KAREN KING 8592315557 140 EAST MAIN STREET LEXINGTON KY 40507 RALPH COLDIRON BOARD MEMBER 1.00 5.00 X 0 0 0 JOMO THOMPSON SECRETARY 1.00 X X 0 0 0 LISA SMITH BOARD MEMBER 1.00 X 0 0 0 CAROLYN PURCELL MD BOARD MEMBER 1.00 X 0 0 0 LARRY SMITH CO-CHAIR 2.00 X X 0 0 0 MARY ESTES HAGGIN BOARD MEMBER 1.00 X 0 0 0 LUCY JONES BOARD MEMBER 1.00 X 0 0 0 CHRISTOPHER REAMES BOARD MEMBER 1.00 X 0 0 0 RODA FERRARO BOARD MEMBER 1.00 X 0 0 0 JIMMY TUREK BOARD MEMBER 1.00 X 0 0 0 JORDAN PARKER BOARD MEMBER 1.00 X 0 0 0 ERIN SERRATE BOARD MEMBER 2.00 X 0 0 0 RAMSEY BOVA CO-CHAIR 1.00 X X 0 0 0 MARY LYNNE CAPILOUTO VICE CHAIR 1.00 X X 0 0 0 KEITH KEY TREASURER 2.00 X X 0 0 0 ELIZABETH COMBS BOARD MEMBER 1.00 X 0 0 0 REBECCA POPPE BOARD MEMBER 1.00 X 0 0 0 CHASE MINNIFIELD BOARD MEMBER 1.00 X 0 0 0 JOHN GOHMANN BOARD MEMBER 1.00 X 0 0 0 LYNDA BEBROWSKI BOARD MEMBER 1.00 X 0 0 0 ROD BROTHERTON BOARD MEMBER 1.00 X 0 0 0 HEATHER DIEFFENBACH EXECUTIVE DIRECTOR, LIBRAR 4.00 40.00 X 0 142036 46721 KAREN E KING FINANCE OFFICER, LIBRARY 4.00 40.00 X 0 107449 36408 0 249485 83129 0 0 1 0 0 3095362 3095362 1267 1267 38963 0 38963 38963 38963 58256 20467 37789 37789 3173381 0 0 78019 763047 763047 OPERATING EXPENSE 20998 20998 784045 763047 20998 0 661899 196228 53 2376097 354127 833090 1016079 3405415 664 664 664 664 X 435373 630565 580042 2774186 1015415 3404751 1016079 3405415 2389336 0 X X 0 1 X 1 0 X 173429 405742 176826 454647 3074895 4285539 173429 405742 176826 454647 3074895 4285539 2457986 1827553 3877 8214 7385 7659 1267 28402 4313941 195929 0.42360 0.66430 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 1 0 0 0 0 1 0 0 0 0 PART II-B, LINE 1: THE ORGANIZATION CONTRACTED WITH LOBBYISTS TO MONITOR LEGISLATIVE ISSUES RELATED TO LIBRARIES. THE LOBBYISTS OFFERED THEIR SERVICES PRO-BONO. REPRESENTATIVES OF THE FOUNDATION MEET WITH LEGISLATORS DURING THE LEGISLATIVE SESSION TO DISCUSS THE ROLE OF LIBRARIES IN THE COMMUNITY AND REFERENCE LEGISLATION THAT WOULD EITHER AID OR HARM LIBRARIES AS A WHOLE. THE STAFF ALSO MEETS REGULARLY WITH CITY GOVERNMENT OFFICIALS. 32551 10000 1959 44510 25856 10000 -3305 32551 20239 5617 25856 20000 239 20239 1.00000 0 0 0 DUE TO RELATED PARTIES 664 664 X PART V, LINE 4: THIS IS A GENERAL ENDOWMENT WITH NO RESTRICTIONS TO ITS USAGE. PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS CLASSIFIED BY THE INTERNAL REVENUE SERVICE AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION. THE FOUNDATION RECOGNIZES UNCERTAIN INCOME TAX POSITIONS USING THE "MORE-LIKLEY-THAN-NOT" APPROACH AS DEFINED IN THE ASC. NO LIABILITY FOR UNCERTAIN TAX POSITIONS HAS BEEN RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. BOOKTACULAR 58256 58256 2110 10106 1510 6741 58256 58256 2110 10106 1510 6741 20467 37789 1 LEXINGTON PUBLIC LIBRARY 140 EAST MAIN STREET LEXINGTON KY 40507 616000352 501(C)(3) 763047 0 TO SUPPORT THE ACTIVITIES OF THE LEXINGTON PUBLIC LIBRARY. 1 PART I, LINE 2: AWARD MONITORING SHALL INCLUDE EFFORTS TO ENSURE THAT GRANT FUNDS ARE EXPENDED FOR ELIGIBLE ACTIVITIES IN ACCORDANCE WITH THE GUIDELINES ESTABLISHED BY THE FUNDER, INCLUDING, BUT NOT LIMITED TO: - ON-GOING CONTACT WITH THE LIBRARY REGARDING GRANT-FUNDED PROGRAM OPERATIONS AND PERFORMANCE; - INFORMING THE LIBRARY OF ALL APPLICABLE ADMINISTRATIVE, REPORTING, AND AUDIT REQUIREMENTS REQUIRED BY THE FUNDER; - CONDUCTING ROUTINE FISCAL AND PROGRAMMATIC SITE VISITS THROUGHOUT THE DURATION OF THE GRANT AWARD; - REQUESTING AND REVIEWING SUPPORTING DOCUMENTATION FOR ALL EXPENDITURES RELATED TO THE GRANT; - REQUIRING A FINAL REPORTING AT THE CLOSURE OF THE GRANT SUMMARIZING EXPENDITURES AND RESULTS 0 0 0 0 0 0 0 0 0 HEATHER DIEFFENBACH EXECUTIVE DIRECTOR, LIBRAR 0 141436 0 0 0 600 0 37403 0 9318 0 188757 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED BY THE ORGANIZATION'S FINANCE OFFICER. A COPY IS SENT TO THE ENTIRE GOVERNING BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH OFFICER AND REPRESENTATIVE IS EXPECTED TO AVOID ANY INVESTMENT, INTEREST, OR ASSOCIATION THAT INTERFERES OR MIGHT APPEAR TO INTERFERE WITH THE INDEPENDENT EXERCISE OF JUDGMENT IN THE FOUNDATION'S BEST INTERESTS. DISCLOSURES OF PERSONAL INTERESTS OR OTHER CIRCUMSTANCES THAT MIGHT CONSTITUTE CONFLICTS OF INTEREST ARE TO BE REPORTED PROMPTLY BY THE OFFICER OR REPRESENTATIVE TO THE FOUNDATION BOARD PRESIDENT OR LIBRARY'S EXECUTIVE DIRECTOR, WHO WILL ARRANGE FOR RESOLUTION IN A MANNER BEST SUITED TO THE INTEREST OF THE FOUNDATION, THE INDIVIDUAL AND IN ACCORDANCE WITH APPLICABLE STATE LAW(S). WHEN AN OFFICER OR REPRESENTATIVE CONFRONTS A POSSIBLE CONFLICT OF INTEREST, PROMPT AND FULL DISCLOSURE IS THE ESSENTIAL STEP TOWARDS RESOLVING THE PROBLEM. FORM 990, PART VI, SECTION B, LINE 15 LEXINGTON PUBLIC LIBRARY FOUNDATION (LPLF) DOES NOT HAVE EMPLOYEES. TIME OF LEXINGTON PUBLIC LIBRARY (LPL) EMPLOYEES IS ALLOCATED AS NEEDED TO LPLF. LPL DOES HAVE A DEFINED PROCESS FOR REVIEW AND APPROVAL OF COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. THE CURRENT YEAR FINANCIAL STATEMENT IS AVAILABLE ON THE ORGANIZATION'S WEB SITE, WITH HISTORICAL FINANCIAL STATEMENTS AVAILABLE IN THE LIBRARY'S REFERENCE DEPARTMENT OR BY REQUEST. FORM 990, PART XII, LINE 2C: THE AUDIT IS PRESENTED TO THE ORGANIZATION'S AUDIT COMMITTEE; AFTER THE AUDIT COMMITTEE APPROVES IT, THE AUDIT IS PRESENTED TO THE ORGANIZATION'S FULL BOARD AND APPROVED UPON BY VOTE. THE AUDITOR SELECTION IS BASED ON RESPONSE TO AN RFP AND VOTED UPON BY THE ORGANIZATION'S BOARD. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. LEXINGTON PUBLIC LIBRARY 140 EAST MAIN STREET LEXINGTON KY 40507 616000352 TO PROVIDE LEARNING SUPPORT FOR ALL AGES AND MAINTAIN THE LIBRARY. KY 501(C)3 LINE 7 N/A 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0