2024-05-15T10:53:17-05:00 2023-06-30 390859910 BAKER TILLY US LLP 225 S 6TH ST 2300 MINNEAPOLIS MN 55402 990 2022-07-01 367238766 THE JKM LIBRARY TRUST JKML 7739476260 5416 S CORNELL AVE 4TH FLOOR CHICAGO IL 60615 DAVID CRAWFORD BOARD CHAIR 7739476260 2024-05-13 1 DAVID CRAWFORD XXX-XX-XXXX 1 STEVEN CRONK CPA P01288895 6128764500 2024-05-13 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z X DAVID CRAWFORD 5416 S CORNELL AVE 4TH FLOOR CHICAGO IL 60615 825092 0 X WWW.JKMLIBRARY.ORG X 1995 IL THE JKM LIBRARY TRUST COMPRISING ITS STAFF, SERVICES, SYSTEMS, FUNCTIONS, MATERIALS AND VIRTUAL RESOURCES EXISTS PRIMARILY TO SUPPORT THE MISSIONS AND PROGRAMS OF THE LUTHERAN SCHOOL OF THEOLOGY AT CHICAGO AND MCCORMICK THEOLOGICAL SEMINARY. 9 2 0 0 0 0 976436 825092 0 0 0 0 318 0 976754 825092 0 0 0 0 97884 0 0 0 0 863051 841132 960935 841132 15819 -16040 343729 366789 50539 89639 293190 277150 THE JKM LIBRARY TRUST COMPRISING ITS STAFF, SERVICES, SYSTEMS, FUNCTIONS, MATERIALS AND VIRTUAL RESOURCES EXISTS PRIMARILY TO SUPPORT THE MISSIONS AND PROGRAMS OF THE LUTHERAN SCHOOL OF THEOLOGY AT CHICAGO AND MCCORMICK THEOLOGICAL SEMINARY. 0 0 698987 THE JKM LIBRARY TRUST (THE LIBRARY) PROVIDES A COOPERATIVE THEOLOGICAL LIBRARY OPERATED AND MAINTAINED FOR MCCORMICK THEOLOGICAL SEMINARY AND THE LUTHERAN SCHOOL OF THEOLOGY AT CHICAGO. THE TWO ORGANIZATIONS FUND THE COST OF OPERATIONS AND SHARE MANAGEMENT FUNCTIONS. 698987 1 1 0 0 0 0 0 0 0 0 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 0 0 0 0 0 1 0 0 0 1 X 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 9 2 0 0 0 0 0 1 0 1 1 0 0 1 0 0 0 1 1 0 X DAVID H CRAWFORD 7739476300 5416 S CORNELL AVE 5TH FLOOR CHICAGO IL 60615 DAVID CRAWFORD CO-CHAIR 1.00 40.00 X X 0 270903 46673 JAMES R NIEMAN CO-CHAIR 1.00 40.00 X X 0 208386 45058 STEED DAVIDSON TRUSTEE 1.00 40.00 X 0 64210 14809 MARK SWANSON TRUSTEE 1.00 40.00 X 0 82301 38887 ESTHER MENN TRUSTEE 1.00 40.00 X 0 97658 58305 ANNETTE HUIZENGA TRUSTEE 1.00 0.00 X 0 48303 2200 KEN SAWYER TRUSTEE 1.00 0.00 X 0 96314 30242 OZZIE SMITH TRUSTEE 1.00 0.00 X 0 7500 0 MARK BARTUSCH TRUSTEE 1.00 0.00 X 0 0 0 BARRY HOPKINS INTERIM DIRECTOR OF JKM LIBRARY 35.00 0.00 X 0 90963 19516 0 966538 255690 0 0 1 0 0 821230 3862 825092 825092 0 0 0 X 13936 13936 382640 267490 115150 26548 13489 13059 263817 263817 120497 120497 4148 4148 ONLINE PERIODICALS 29546 29546 841132 698987 142145 0 235 235 27656 68085 4954 0 4087372 3788903 310884 298469 343729 366789 50539 89639 50539 89639 X 293190 277150 293190 277150 343729 366789 -16040 0 X X 0 1 X 1 0 X X 2 MCCORMICK THEOLOGICAL SEMINARY 362167802 1 1 420566 0 LUTHERAN SCHOOL OF THEOLOGY AT CHICAGO 362246704 1 1 420566 0 2 841132 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 206442 200826 5616 3880930 3588077 292853 298469 X 825092 0 825092 0 825092 841132 0 841132 0 841132 PART X, LINE 2: THE LIBRARY FOLLOWS THE ACCOUNTING STANDARDS FOR CONTINGENCIES IN EVALUATING UNCERTAIN TAX POSITIONS. THE GUIDANCE PRESCRIBES RECOGNITION THRESHOLD PRINCIPLES FOR THE FINANCIAL STATEMENT RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. NO LIABILITY HAS BEEN RECOGNIZED BY THE LIBRARY FOR UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2023 AND 2022. THE LIBRARY'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. 0 0 0 0 0 0 0 0 0 DAVID CRAWFORD CO-CHAIR 0 270903 0 0 0 0 0 16225 0 30448 0 317576 0 0 JAMES R NIEMAN CO-CHAIR 0 208386 0 0 0 0 0 25230 0 19828 0 253444 0 0 ESTHER MENN TRUSTEE 0 97658 0 0 0 0 0 12514 0 45791 0 155963 0 0 FORM 990, PART V, LINE 2B: EMPLOYEES OF EACH SUPPORTING ORGANIZATION STAFF THE JKM LIBRARY TRUST. THUS, THE JKM LIBRARY TRUST ISSUES NO W-2S. FORM 990, PART VI, SECTION A, LINE 7A TWO OF THE STANDING TRUSTEES SHALL BE, EX OFFICIO, THE PERSONS HOLDING THE OFFICE OF PRESIDENT OF LSTC AND MCCORMICK. EACH SHALL SERVE AS A TRUSTEE SO LONG AS HE OR SHE IS HOLDING THE OFFICE OF PRESIDENT AT HIS OR HER SCHOOL. ONE STANDING TRUSTEE SHALL BE APPOINTED BY THE GOVERNING BOARD OF EACH OF THE SCHOOLS FROM AMONG ITS MEMBERSHIP. ONE STANDING TRUSTEE SHALL BE APPOINTED BY THE FACULTY OF EACH OF THE SCHOOLS FROM AMONG ITS MEMBERSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM AND REVIEWED BY MANAGEMENT AT MCCORMICK THEOLOGICAL SEMINARY. THEN IT IS PROVIDED TO THE ENTIRE BOARD FOR COMMENT PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 15 THE LIBRARY DIRECTOR'S COMPENSATION IS REVIEWED ANNUALLY BY THE PRESIDENTS OF THE TWO SUPPORTING ORGANIZATIONS USING TWO BENCHMARKS: 1.) COMPENSATION OF LIBRARY DIRECTORS FROM COMPARABLE THEOLOGICAL SCHOOLS AND 2.) COMPENSATION OF FULL PROFESSORS OF THE TWO SCHOOLS. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS, GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION B, LINE 14: THE JKM LIBRARY TRUST DOES NOT HAVE ITS OWN WRITTEN DOCUMENT RETENTION AND DESTRUCTION POLICY. HOWEVER, ALL THE JKM LIBRARY TRUST BOOKKEEPING IS HANDLED BY MCCORMICK THEOLOGICAL SEMINARY, WHO DOES HAVE A RETENTION AND DESTRUCTION POLICY. MCCORMICK THEOLOGICAL SEMINARY ADHERES TO ITS RETENTION AND DESTRUCTION POLICY FOR RECORDS OF BOTH INSTITUTIONS (MCCORMICK THEOLOGICAL SEMINARY AND JKM LIBRARY TRUST). FORM 990, PART VI, SECTION B, LINE 13: THE JKM LIBRARY TRUST DOES NOT HAVE ITS OWN WHISTLEBLOWER POLICY BUT EACH OF THE TWO SUPPORTING ORGANIZATIONS DO, AND ALL EMPLOYEES OF BOTH SUPPORTING ORGANIZATIONS INCLUDING THOSE EMPLOYEES THAT WORK IN THE LIBRARY ARE REQUIRED TO SIGN IT. FORM 990, PART IX, LINE 11G REIMBURSED COMPENSATION FOR LIBRARY EMPLOYEES: PROGRAM SERVICE EXPENSES 267,490. MANAGEMENT AND GENERAL EXPENSES 115,150. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 382,640. FORM 990, PART XII, LINE 2C: NEITHER THE OVERSIGHT PROCESS NOR THE SELECTION PROCESS OF THE INDEPENDENT ACCOUNTANT CHANGED DURING THE TAX YEAR. MCCORMICK THEOLOGICAL SEMINARY 5416 S CORNELL AVE 4TH FLOOR CHICAGO IL 60615 362167802 SEMINARY IL 501(C)(3) LINE 1 N/A 0 LUTHERN SCHOOL OF THEOLOGY AT CHICAGO 5416 S CORNELL AVE 5TH FLOOR CHICAGO IL 60615 362246704 SEMINARY IL 501(C)(3) LINE 1 N/A 0 0 0 1 1 1 0 0 0 0 0 1 0 0 0 1 1 1 1 1