2024-04-25T11:15:42-05:00 2023-06-30 390859910 BAKER TILLY US LLP 1 HIGHWOOD DRIVE TEWKSBURY MA 01876 990 2022-07-01 042121328 CONCORD FREE PUBLIC LIBRARY CORPORATION CONC 9783183300 129 MAIN STREET CONCORD MA 017422436 RICHARD D BRIGGS JR TREASURER 9783183300 2024-04-23 1 RICHARD BRIGGS JR 999009999 1 MATTHEW KALIL CPA MBA P01517069 9785575300 2024-04-23 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z SHERRY F LITWACK 129 MAIN STREET CONCORD MA 017422436 1855579 0 X WWW.CONCORDLIBRARY.ORG X 1873 MA TO OWN AND MAINTAIN PUBLIC LIBRARY BUILDINGS IN CONCORD, MASSACHUSETTS; OWN AND MAINTAIN SPECIAL COLLECTIONS OF THE CONCORD FREE PUBLIC LIBRARY; MISCELLANEOUS OTHER SUPPORT SERVICES FOR THE CONCORD FREE PUBLIC LIBRARY. 9 9 4 0 0 0 1565775 349653 5500 3361 1849704 1329229 0 0 3420979 1682243 27838 23125 0 0 126157 136521 0 0 271118 1209278 1536211 1363273 1695857 2057706 -13614 34061595 33845959 737345 340332 33324250 33505627 X TO OWN AND MAINTAIN PUBLIC LIBRARY BUILDINGS IN CONCORD, MASSACHUSETTS; OWN AND MAINTAIN SPECIAL COLLECTIONS OF THE CONCORD FREE PUBLIC LIBRARY; MISCELLANEOUS OTHER SUPPORT SERVICES FOR THE CONCORD FREE PUBLIC LIBRARY. 0 0 1173250 3361 SEE SCHEDULE O 23125 23125 SCHOLARSHIPS AWARDED BY THE BOARD OF TRUSTEES OF THE CONCORD FREE PUBLIC LIBRARY CORPORATION 1196375 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 4 0 1 4 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 MA X THE ORGANIZATION 9783183300 129 MAIN STREET CONCORD MA 017422436 X JEFFREY W ADAMS TRUSTEE 10.00 X 0 0 0 THEODORE F HANSELMAN TRUSTEE 10.00 X 0 0 0 ERIKA PRAHL TRUSTEE 10.00 X 0 0 0 CRISTINA BLAU TRUSTEE 10.00 X 0 0 0 DIANA W CLYMER TRUSTEE 10.00 X 0 0 0 JOHN BOYNTON TRUSTEE 10.00 X 0 0 0 SHERRY F LITWACK PRESIDENT 10.00 X X 0 0 0 RICHARD D BRIGGS JR TREASURER 10.00 X X 0 0 0 PAM GANNON CLERK 10.00 X X 0 0 0 0 0 0 0 0 0 0 CE FLOYD COMPANY INC 135 SOUTH ROAD 4 BEDFORD MA 01730 CONTRACTOR SERVICES 1238520 1 349653 349653 FEES AND ASSESSMENTS 900099 3361 3361 3361 912691 912691 589874 173336 416538 416538 416538 1682243 3361 0 1329229 23125 23125 98686 9039 9020 80627 37835 3466 3458 30911 5543 5543 73734 73734 64267 64267 52743 3069 49674 77735 47405 9985 20345 297174 289049 3197 4928 24079 24079 595198 551573 36838 6787 71717 69566 717 1434 BOOKS, COLLECTIONS AND 202180 202180 EVENTS EXPENSE 70869 70869 MISCELLANEOUS 972 972 1695857 1196375 228364 271118 656335 115845 38711 38706 461105 237549 1075 1075 25134759 7824950 17544329 17309809 7645418 7624612 7714622 8518363 34061595 33845959 415925 188887 301485 132752 19935 18693 737345 340332 X 21103892 28848765 12220358 4656862 33324250 33505627 34061595 33845959 -13614 194991 0 X X 0 1 X 1 0 X 3843049 1443317 1078334 1565775 349653 8280128 3843049 1443317 1078334 1565775 349653 8280128 2146763 6133365 697191 114529 123209 1405917 912691 3253537 11533665 56864 0.53180 0.55540 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 15360040 1459953 677018 16142975 18186010 -2246353 579617 15360040 15881656 3869879 1565525 18186010 15571282 815228 504854 15881656 15348535 991001 674843 1443097 15571282 0.71500 0.24500 0.04000 0 0 1027200 1027200 23441207 7227852 16213355 666352 597098 69254 17309809 TIFF - THE INVESTMENT FUND FOR FOUNDATIONS 8518363 F 8518363 ANNUITY PAYABLE 18693 18693 X 1812967 194991 194991 1617976 64267 64267 1682243 1631590 0 1631590 64267 64267 1695857 PART III, LINE 1A: THE SPECIAL COLLECTIONS, WHICH HAVE BEEN ACQUIRED THROUGH PURCHASES AND CONTRIBUTIONS SINCE THE ORGANIZATION'S INCEPTION, ARE NOT RECOGNIZED AS ASSETS ON THE STATEMENT OF FINANCIAL POSITION. PURCHASES OF COLLECTION ITEMS ARE RECORDED AS DECREASES IN NET ASSETS WITHOUT DONOR RESTRICTIONS IN THE YEAR THE ITEMS ARE ACQUIRED OR AS DECREASES IN NET ASSETS WITH DONOR RESTRICTIONS IF THE ASSETS USED TO PURCHASE THE ITEMS ARE RESTRICTED BY DONORS. CONTRIBUTED COLLECTION ITEMS ARE NOT REFLECTED ON THE FINANCIAL STATEMENTS. PROCEEDS FROM DEACCESSIONS ARE REFLECTED AS INCREASES IN THE APPROPRIATE NET ASSET CLASSES. PART III, LINE 4: THE ORGANIZATION MAINTAINS A SPECIAL COLLECTION OF ARCHIVES DATING FROM 1635 TO THE PRESENT DAY. COLLECTIONS INCLUDE PRINTED BOOKS (LITERARY, HISTORICAL AND GENEALOGICAL), MANUSCRIPTS AND ARCHIVAL COLLECTIONS, PAMPHLETS, EPHEMERA, PICTORIAL HOLDINGS, BROADSIDES, MUNICIPAL RECORDS, PRINTED TOWN REPORTS, DIRECTORIES, PHOTOGRAPHS, HISTORIC BUILDING FILES, ARTIFACTS, AND WORKS OF ART. THE FAIR VALUE OF THOSE COLLECTIONS IS NOT INCLUDED IN THE ACCOMPANYING STATEMENT OF FINANCIAL POSITION. THE COLLECTIONS ARE AVAILABLE FOR USE TO GROUPS THROUGH A VARIETY OF INTERPRETATIONAL FORMATS AND TO INDIVIDUAL RESEARCHERS. ITEMS ARE SOMETIMES LOANED TO OTHER NONPROFIT INSTITUTION FOR EXHIBITION. HOLDINGS ARE CATALOGED, PRESERVED AND SECURELY STORED. ACTIVITIES OF DOCUMENTING INDIVIDUAL ITEMS AND COLLECTIONS, AND OF ASSESSING THEIR CONDITION AND PRESERVATION NEEDS ARE PERFORMED CONTINUOUSLY. THE ORGANIZATION HAS A PRACTICE THAT WOULD ALLOW PROCEEDS FROM SALES OF COLLECTIONS TO BE USED FOR THE PURCHASE OF OTHER COLLECTION ITEMS OR FOR UNRESTRICTED USE. PART V, LINE 4: THE ORGANIZATION'S ENDOWMENT FUNDS CONSIST OF RESOURCES THAT MUST BE INVESTED IN PERPETUITY. THE INCOME FROM THESE RESTRICTED NET ASSETS CAN BE USED TO SUPPORT THE ORGANIZATION'S FOLLOWING ACTIVITIES, AS RESTRICTED BY THE DONOR: -BOOK PURCHASES -GENERAL OPERATIONS -SCHOLARSHIPS -ART ACQUISITIONS AND PRESERVATION -CHILDREN'S ROOM -REPAIRS AND MAINTENANCE PART X, LINE 2: THE ORGANIZATION IS A NONPROFIT ORGANIZATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES ON TRADE OR BUSINESS PROFITS GENERATED BY ACTIVITIES RELATED TO THE ORGANIZATION'S EXEMPT FUNCTION. THE ORGANIZATION MAY BE SUBJECT TO FEDERAL AND STATE INCOME TAXES FOR PROFITS GENERATED FROM TRADE OR BUSINESS ACTIVITIES UNRELATED TO THE ORGANIZATION'S EXEMPT FUNCTION. AS OF JUNE 30, 2023, MANAGEMENT BELIEVES THAT THE ORGANIZATION HAS NOT GENERATED ANY UNRELATED BUSINESS TAXABLE INCOME. THE ORGANIZATION ASSESSES THE RECORDING OF UNCERTAIN TAX POSITIONS BY EVALUATING THE MINIMUM RECOGNITION THRESHOLD AND MEASUREMENT REQUIREMENTS A TAX POSITION MUST MEET BEFORE BEING RECOGNIZED AS A BENEFIT IN THE FINANCIAL STATEMENTS. THE ORGANIZATION'S POLICY IS TO RECOGNIZE INTEREST AND PENALTIES ACCRUED ON ANY UNCERTAIN TAX POSITIONS AS A COMPONENT OF INCOME TAX EXPENSE, IF ANY, IN ITS STATEMENTS OF ACTIVITIES. THE ORGANIZATION HAS NOT RECOGNIZED ANY LIABILITIES FOR UNCERTAIN TAX POSITIONS OR UNRECOGNIZED BENEFITS AS OF JUNE 30, 2023. THE ORGANIZATION DOES NOT EXPECT ANY MATERIAL CHANGE IN UNCERTAIN TAX BENEFITS WITHIN THE NEXT 12 MONTHS. 1 SCHOLARSHIP GRANTS PROVIDED TO COLLEGE STUDENTS WHO HAVE DEMONSTRATED EXCELLENCE IN MUSIC AND IN THE VISUAL ARTS. 8 23125 PART I, LINE 2: SCHOLARSHIPS ARE AWARDED TO INDIVIDUALS, HOWEVER, THE SCHOLARSHIP AMOUNTS ARE PAID DIRECTLY TO THE EDUCATIONAL INSTITUTIONS THE RECIPIENTS ARE ATTENDING TO ENSURE THAT THE FUNDS ARE BEING USED FOR THE SCHOLARSHIPS INTENDED PURPOSE. X 6 0 N/A X 17 0 N/A X HISTORICAL RECORDINGS 3 0 N/A 0 0 0 PART I, LINE 33: THE CONCORD FREE LIBRARY CORPORATION ACTIVELY COLLECTS AND MAINTAINS HISTORICAL DOCUMENTS, ARTWORK, MANUSCRIPTS, BOOKS, ARTIFACTS AND OTHER ITEMS OF HISTORICAL OR CULTURAL SIGNIFICANCE TO CONCORD. CONSISTENT WITH OUR LONG-STANDING POLICY, THE CORPORATION DOES NOT ASCRIBE A MONETARY VALUE TO COLLECTIONS ITEMS, AND THE FAIR VALUE OF THE COLLECTIONS IS NOT INCLUDED IN OUR FINANCIAL STATEMENTS. A FOOTNOTE REGARDING SPECIAL COLLECTIONS IS INCLUDED IN THE AUDITED FINANCIAL STATEMENTS. WHILE MOST ITEMS ARE DONATED BY CONCORD RESIDENTS OR OTHER PEOPLE, THE CORPORATION OCCASIONALLY BUYS ITEMS THAT COME FOR SALE THROUGH DEALERS AND AUCTION HOUSES. FORM 990, PART III, LINE 4A, PROGRAM SERVICE ACCOMPLISHMENTS: THE CONCORD FREE PUBLIC LIBRARY'S KEY PROGRAM ACCOMPLISHMENTS DURING THE FISCAL YEAR WERE THE FOLLOWING - 1. THE MAIN LIBRARY RENOVATION AND EXPANSION PROJECT WAS OFFICIALLY COMPLETED AND DEDICATED IN A WELL ATTENDED CEREMONY IN SEPTEMBER 2022, WITH HISTORIAN DORIS KEARNS GOODWIN GIVING THE KEYNOTE SPEECH. 2. WE OPENED OUR NEW MAKER SPACE, AND WELCOMED MANY NEW PATRONS FOR SINGLE OR SCHEDULED WEEKLY USAGE SESSIONS. THE MAKER SPACE HAS BEEN HEAVILY USED SINCE THE OUTSET AND IS A MAJOR NEW SERVICE OFFERING TO THE COMMUNITY. HERE IS A LINK TO AN ARTICLE ABOUT THE OPENING AND THE OFFERINGS OF THE MAKER SPACE: HTTPS://THECONCORDBRIDGE.ORG/INDEX.PHP/2023/05/18/CONCORD-LIBRARYS-MAKER SPACE-SET-TO-OPEN-IN-JUNE/. 3. THE CORPORATION TOGETHER WITH THE FRIENDS OF THE CFPL HELD NUMEROUS LECTURES, LITERARY READINGS AND MUSICAL PERFORMANCES IN THE NEW GOODWIN FORUM. THE FORUM IS ONE OF THE KEY NEW FEATURES OF THE LIBRARY RENOVATION AND EXPANSION PROJECT AND PERMITS GROUPS OF UP TO 140 PEOPLE TO ATTEND PROGRAMS AT THE LIBRARY AT VARIOUS TIMES OF DAY. BECAUSE OF THE LACK OF A DEDICATED LECTURE HALL. WE FORMERLY COULD ONLY OFFER GATHERINGS FOR UP TO 80 PEOPLE, AND ONLY AT NIGHT AFTER THE LIBRARY CLOSED FOR REGULAR BUSINESS. 4. WE BEGAN OUR AUTHOR IN RESIDENCE PROGRAM. USING OFFICE SPACE ON THE SECOND FLOOR OF THE 151 MAIN STREET BUILDING, WE ENGAGED AN AUTHOR FOR A SIX-MONTH PERIOD TO NOT ONLY WORK AT THE OFFICE, BUT GIVE TALKS TO PATRON GROUPS. 5. WE COMPLETED ANOTHER SEGMENT OF OUR LONG-TERM EFFORT TO FULLY CATALOG AND PRESERVE THE SPECIAL COLLECTION. THIS INVOLVED TWO INTERNS WORKING FOR A SIX-MONTH PERIOD UNDER THE DIRECTION OF SPECIAL COLLECTIONS CURATOR ANKE VOSS, WHICH THE CORPORATION FUNDED VIA A $75,000 GRANT TO THE TOWN OF CONCORD, WHICH IN TURN EMPLOYED THE INTERNS UNDER ANKE'S SUPERVISION. 6. WE ACCESSIONED A LARGE GROUP OF NEW ITEMS FOR THE SPECIAL COLLECTION DURING FISCAL 2023. A FEW ITEMS WERE PURCHASED DURING THE FISCAL YEAR, WHILE MOST OF THEM WERE GIVEN BY GENEROUS DONORS. FORM 990, PART VI, SECTION B, LINE 11B THE TREASURER, AUTHORIZED BY THE BOARD OF TRUSTEES, REVIEWS FORM 990 FOR COMPLETION AND ACCURACY. A COMPLETE COPY OF FORM 990 IS THEN PROVIDED TO ALL MEMBERS OF THE BOARD OF TRUSTEES FOR REVIEW AND COMMENT. ITEMS NEEDING FURTHER CONSIDERATION ARE REVIEWED WITH THE PRESIDENT, TREASURER AND OTHER TRUSTEES FOR COMPLETION AND ACCURACY. FORM 990, PART VI, SECTION B, LINE 12C A WRITTEN CONFLICT OF INTEREST POLICY IS ESTABLISHED WHICH DESCRIBES AND PROHIBITS TRANSACTIONS AND/OR RELATIONSHIPS WHICH MIGHT BE CONSTRUED AS A CONFLICT OF INTEREST. BOARD MEMBERS MUST SIGN OFF ON THE CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990; PART XII; LINE 2C: THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT FOR THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED DURING THE YEAR.