2025-05-14T15:13:44-05:00 2024-06-30 882730877 CHERRY BEKAERT ADVISORY LLC 1111 METROPOLITAN AVE STE 900 CHARLOTTE NC 28204 990 2023-07-01 461172548 CHARLOTTE MECKLENBURG LIBRARY FOUNDATION CHAR 7049734500 220 NORTH TRYON STREET CHARLOTTE NC 28202 ALYSSA FEDERICO SENIOR VP, FINANCE 7049734500 2025-05-14 1 1 MELANIE MCPEAK P01346034 7043771678 2023 2025-03-06 01:10:19Z ALYSSA FEDERICO 220 NORTH TRYON STREET CHARLOTTE NC 28202 7264775 0 X FOUNDATION.CMLIBRARY.ORG X 2012 NC THE FOUNDATION SUPPORTS LIBRARY PROGRAMS THROUGH ADVOCACY, FUNDRAISING AND ENDOWMENT MANAGEMENT. 25 23 0 23 0 0 4905932 7264775 0 0 0 0 0 0 4905932 7264775 1840153 1614494 0 0 0 0 0 0 25791 462331 367915 2302484 1982409 2603448 5282366 53032461 58619903 166150 31674 52866311 58588229 THE LIBRARY FOUNDATION EXISTS TO HELP THE CHARLOTTE MECKLENBURG LIBRARY IMPROVE LIVES AND BUILD A STRONGER COMMUNITY. 0 0 1782410 1614494 DISTRIBUTED GRANTS TO SUPPORT THE CHARLOTTE MECKLENBURG LIBRARY'S OPERATIONS AND PROGRAMS. 1782410 1 1 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 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 25 23 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 0 0 0 0 0 NC X ALYSSA FEDERICO 7049734500 220 NORTH TRYON STREET CHARLOTTE NC 28202 STEPHANIE ALGER DIRECTOR 0.50 0.00 X 0 0 0 JENNIFER APPLEBY DIRECTOR 0.50 0.00 X 0 0 0 JOCLYN BALANDA DIRECTOR 0.50 0.00 X 0 0 0 JENNIFER BENNETT DIRECTOR 0.50 0.00 X 0 0 0 CAROLEEN TOWERY DIRECTOR 0.50 0.00 X 0 0 0 GENE COCHRANE CHAIR 0.50 0.00 X X 0 0 0 LEROY DAVIS DIRECTOR 0.50 0.00 X 0 0 0 SARAH DODD DIRECTOR 0.50 0.00 X 0 0 0 BARB ELLIS DIRECTOR 0.50 0.00 X 0 0 0 SELENA GIOVANNELLI SECOND VICE CHAIR 0.50 0.00 X X 0 0 0 ROB HARRINGTON DIRECTOR 0.50 0.00 X 0 0 0 PATRICIA JOHNSON DIRECTOR 0.50 0.00 X 0 0 0 PETER KEANE DIRECTOR 0.50 0.00 X 0 0 0 HELEN HOPE KIMBROUGH FIRST VICE CHAIR 0.50 0.00 X X 0 0 0 ELIZABETH KISER DIRECTOR 0.50 50.00 X 0 215547 57648 GINA LAWRENCE DIRECTOR 0.50 0.00 X 0 0 0 KELLIE LOFTON DIRECTOR 0.50 0.00 X 0 0 0 ALESSANDRO MORANTE DIRECTOR 0.50 0.00 X 0 0 0 CATON MORRIS DIRECTOR 0.50 0.00 X 0 0 0 SALLY ROBINSON DIRECTOR 0.50 0.00 X 0 0 0 DEBRA SHARP DIRECTOR 0.50 0.00 X 0 0 0 ELIZABETH HOPE STAR DIRECTOR 0.50 0.00 X 0 0 0 CHARLES THOMAS DIRECTOR 0.50 0.00 X 0 0 0 MARCELLUS TURNER DIRECTOR 0.50 50.00 X 0 250957 53413 CHRISTINA WILSON DIRECTOR 0.50 0.00 X 0 0 0 JENNI GAISBAUER EXECUTIVE DIRECTOR 0.50 50.00 X 0 176740 59365 ALYSSA FEDERICO SENIOR VP, FINANCE 0.50 50.00 X 0 337555 47013 DOUGLAS BENSON SENIOR VP & GENERAL COUNSEL 0.50 50.00 X 0 375935 46391 0 1356734 263830 0 0 1 0 FOUNDATION FOR THE CAROLINAS 220 N TRYON STREET CHARLOTTE NC 28202 ADMINISTRATION FEES 275650 1 405500 6859275 119903 7264775 7264775 0 0 0 X 1614494 1614494 44991 20534 21303 3154 289256 132016 136963 20277 FOUNDATION OPERATIONS 31674 14456 14998 2220 BANK FEES 1994 910 944 140 1982409 1782410 174208 25791 0 946099 334014 585042 16671009 12944591 36027438 44144171 53032461 58619903 166150 31674 166150 31674 X 52866311 58588229 52866311 58588229 53032461 58619903 5282366 291766 147786 0 X 0 0 0 X X X 2 FOUNDATION FOR THE CAROLINAS 566047886 7 1 0 0 CHARLOTTE MECKLENBURG LIBRARY 566018623 6 1 1614494 0 2 1614494 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 9527282 2200 1079115 235166 109867 10263564 8645887 210865 828647 56180 101937 9527282 9623707 303564 -1130680 40000 110704 8645887 7629261 15879 2085210 9294 97349 9623707 7794222 28441 -102654 90748 7629261 0.00000 1.00000 0.00000 0 0 0 DIVERSIFIED LONG TERM GROWTH POOL 9561982 F ACTIVE LONG TERM GROWTH POOL 202365 F LIQUID RESERVES POOL 33517306 F INCOME AND GROWTH POOL 862518 F 44144171 PART V, LINE 4: ANNUAL SPENDABLE AMOUNTS FROM ENDOWED FUNDS ARE USED ANNUALLY TO PROVIDE SUPPORT TO THE CHARLOTTE MECKLENBURG LIBRARY FOR SPECIFIC PROGRAMS OR GENERAL OPERATING SUPPORT. THE PERCENTAGE REPORTED FOR PERMANENT ENDOWMENTS INCLUDES AMOUNTS THAT MUST BE MAINTAINED IN PERPETUITY AS WELL AS ACCUMULATED EARNINGS ON SUCH AMOUNTS THAT HAVE NOT YET BEEN APPROPRIATED FOR EXPENDITURE. 1 CHARLOTTE MECKLENBURG LIBRARY 310 N TRYON STREET CHARLOTTE NC 282022176 566018623 170(C)1 1614494 0 OPERATING SUPPORT 1 0 PART I, LINE 2: THE FOUNDATION ONLY MAKES GRANTS TO ITS SUPPORTED ORGANIZATION, THE CHARLOTTE MECKLENBURG LIBRARY. THE CLOSE RELATIONSHIP BETWEEN THE ORGANIZATIONS SERVES TO MONITOR THE USE OF FUNDS. 0 0 0 0 0 0 0 0 0 DOUGLAS BENSON SENIOR VP & GENERAL COUNSEL 0 247558 0 127150 0 1227 0 34680 0 11711 0 422326 0 0 ALYSSA FEDERICO SENIOR VP, FINANCE 0 219520 0 117000 0 1035 0 43500 0 3513 0 384568 0 0 MARCELLUS TURNER DIRECTOR 0 250957 0 0 0 0 0 30711 0 22702 0 304370 0 0 ELIZABETH KISER DIRECTOR 0 194512 0 20000 0 1035 0 39600 0 18048 0 273195 0 0 JENNI GAISBAUER EXECUTIVE DIRECTOR 0 176740 0 0 0 0 0 22083 0 37282 0 236105 0 0 X 270 COMPARABLE SALES X 4 21068 FAIR MARKET VALUE X EVERBRIGHT BOARD 1 54525 COMPARABLE SALES X COUPONS 1 23800 COMPARABLE SALES X AIRLINE MILES 1 20240 COMPARABLE SALES 0 0 0 0 PART I, COLUMN (B): THE NUMBERS REPORTED IN COLUMN (B) REPRESENT THE NUMBER OF CONTRIBUTIONS RECEIVED. FORM 990, PART VI, SECTION A, LINE 7A THE RIGHT TO APPOINT A MAJORITY OF THE DIRECTORS VESTS EXCLUSIVELY IN THE LIBRARY AND THE RIGHT TO APPOINT THE REMAINING DIRECTORS VESTS EXCLUSIVELY IN FOUNDATION FOR THE CAROLINAS. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FINAL FORM 990 IS DISTRIBUTED TO EACH VOTING MEMBER OF THE BOARD PRIOR TO FILING. THE RETURN IS AVAILABLE FOR DISCUSSION AT THE NEXT BOARD MEETING AFTER THE FILING DATE. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ANNUALLY COMPLETE A CONFLICT OF INTEREST FORM, IN COMPLIANCE WITH THE LIBRARY FOUNDATION'S ETHICS POLICY. LIBRARY STAFF COLLECTS AND MAINTAINS THE FORMS ANNUALLY AND MONITORS THE PROCESS. FORM 990, PART VI, SECTION B, LINE 15 THE LIBRARY FOUNDATION DOES NOT HAVE ANY EMPLOYEES AND THEREFORE DOES NOT HAVE A FORMAL POLICY FOR DETERMINING COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE LIBRARY FOUNDATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G ADMINISTRATIVE FEES FOR MANAGEMENT OF ENDOWMENT FUNDS: PROGRAM SERVICE EXPENSES 132,016. MANAGEMENT AND GENERAL EXPENSES 136,963. FUNDRAISING EXPENSES 20,277. TOTAL EXPENSES 289,256. FOUNDATION FOR THE CAROLINAS 220 NORTH TRYON STREET CHARLOTTE NC 28202 566047886 GRANTMAKING NC 501(C)(3) LINE 7 N/A 0 CHARLOTTE MECKLENBURG LIBRARY 310 NORTH TRYON STREET CHARLOTTE NC 28202 566018623 LITERACY/EDUCATION NC 170(C)(1) LINE 6 N/A 0 0 1 1 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 CHARLOTTE MECKLENBURG LIBRARY B 1614494 BOOK VALUE FOUNDATION FOR THE CAROLINAS C 405500 BOOK VALUE FOUNDATION FOR THE CAROLINAS M 289256 BOOK VALUE CHARLOTTE MECKLENBURG LIBRARY P 31674 BOOK VALUE