2024-05-15T06:53:10-05:00 2023-06-30 050409384 KAHN LITWIN RENZA & CO LTD 951 NORTH MAIN STREET PROVIDENCE RI 02904 990 2022-07-01 342052912 PROVIDENCE PUBLIC LIBRARY FOUNDATION PROV 4014558079 150 EMPIRE STREET PROVIDENCE RI 02903 AARON PETERMAN CHIEF OPERATING OFFICER 4014558079 2024-05-14 1 AARON PETERMAN 888008888 1 PATRICK J MARTIN P00283486 4012742001 2024-05-14 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z AARON PETERMAN 150 EMPIRE STREET PROVIDENCE RI 02903 7890674 0 X WWW.PROVLIB.ORG X 2005 RI TO NURTURE AND SUPPORT THE PROVIDENCE PUBLIC LIBRARY'S GOALS AND PRIORITIES. 5 5 0 0 0 0 0 10000 0 0 3076683 1595588 0 0 3076683 1605588 0 0 0 0 0 0 0 0 0 2726618 3296772 2726618 3296772 350065 -1691184 32290022 31738917 405107 581553 31884915 31157364 TO ENSURE CONTINUED EXCELLENCE IN LIBRARY SERVICES FOR THE PROVIDENCE PUBLIC LIBRARY COMMUNITY BY PROVIDING PRIVATE FUNDING TO ENHANCE PROGRAMS AND SERVICES. 0 0 3081612 MANAGED THE INVESTMENTS OF THE ENDOWMENT AND PROVIDED FINANCIAL SUPPORT FOR THE PROVIDENCE PUBLIC LIBRARY. 3081612 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 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 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 0 0 1 0 0 0 RI X AARON PETERMAN 4014558079 150 EMPIRE STREET PROVIDENCE RI 02903 ELIZABETH DEBS CHAIR 2.00 4.00 X X 0 0 0 MICAH E SALKIND VICE CHAIR 2.00 2.00 X X 0 0 0 ROBERT K TAYLOR TRUSTEE 2.00 1.00 X 0 0 0 CHRISTOPHER STEVENS TREASURER 2.00 2.00 X X 0 0 0 JUAN WILSON SECRETARY 2.00 2.00 X X 0 0 0 HILLIAS J MARTIN JR LIBRARY DIRECTOR 2.50 35.00 X 0 141857 13483 AARON PETERMAN CHIEF OPERATING OFFICER 2.50 35.00 X 0 109155 11976 0 251012 25459 0 0 1 0 0 10000 10000 820269 820269 7060405 6285086 775319 775319 775319 1605588 0 0 1595588 25000 25000 190160 190160 3081612 3081612 3296772 3081612 215160 0 32290022 31738917 32290022 31738917 26254 70450 378853 511103 405107 581553 X 26453563 25766762 5431352 5390602 31884915 31157364 32290022 31738917 -1691184 1115081 -151448 0 X X 0 1 X 1 0 X X 1 PROVIDENCE PUBLIC LIBRARY 050262713 7 1 3081612 0 1 3081612 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4205917 10000 4215917 4205917 4205917 4205917 4205917 4205917 4205917 4205817 100 4205917 0.72000 0.22000 0.06000 0 0 0 INTERCOMPANY ADVANCES FROM PPL 511103 511103 X PART X, LINE 2: FOR PURPOSES OF THE FOOTNOTE BELOW, THE LIBRARY REFERS TO PROVIDENCE PUBLIC LIBRARY, THE FOUNDATION REFERS TO THE RELATED ORGANIZATION PROVIDENCE PUBLIC LIBRARY FOUNDATION, AND THE SUPPORT CORPORATION REFERS TO THE RELATED ORGANIZATION PROVIDENCE PUBLIC LIBRARY SUPPORT CORPORATION, REFERENCED IN SCH R, PART II. THE LIBRARY, FOUNDATION AND SUPPORT CORPORATION ARE PUBLIC CHARITIES EXEMPT FROM INCOME TAX IN ACCORDANCE WITH SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE ORGANIZATION'S EXEMPT PURPOSE MAY BE SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME IF INCOME FROM THOSE ACTIVITIES MEETS CERTAIN LEVELS. MANAGEMENT HAS DETERMINED THAT THOSE INCOME LEVELS WERE NOT MET FOR THE YEAR ENDED JUNE 30, 2023. MANAGEMENT BELIEVES THAT THE LIBRARY AND THE FOUNDATION BOTH OPERATE IN A MANNER CONSISTENT WITH THEIR TAX-EXEMPT STATUS AT BOTH THE STATE AND FEDERAL LEVEL. THE LIBRARY, FOUNDATION, AND SUPPORT CORPORATION 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. THESE TAX RETURNS ARE SUBJECT TO REVIEW BY THE TAXING AUTHORITIES, GENERALLY FOR A PERIOD OF THREE YEARS AFTER THEY WERE FILED. THE LIBRARY, FOUNDATION AND SUPPORTING CORPORATION 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 $ 2,109,310 VARIOUS BOOK FUNDS $ 2,106,607 TOTAL $4,215,917 0 0 0 0 0 0 0 0 0 HILLIAS J MARTIN JR LIBRARY DIRECTOR 0 141857 0 0 0 0 0 6639 0 6844 0 155340 0 0 FORM 990, PART VI, SECTION B, LINE 11B 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. FORM 990 PART XII LINE 2C: THE ORGANIZATION HAS A COMMITTEE RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT AS WELL AS THE SELECTION OF THE INDEPENDENT ACCOUNTANT. PROVIDENCE PUBLIC LIBRARY 150 EMPIRE STREET PROVIDENCE RI 02903 050262713 PROVIDE LIBRARY SERVICES TO THE CITY OF PROVIDENCE AND RHODE ISLAND. RI 501(C)3 7 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 PROVIDENCE PUBLIC LIBRARY B 3081612 ACTUAL PROVIDENCE PUBLIC LIBRARY E 132250 ACTUAL