Nashville Public Library Foundation in Nashville, Tennessee (TN)

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Nashville Public Library Foundation
Employer Identification Number (EIN)621681766
Name of OrganizationNashville Public Library Foundation
In Care of NameKeith B Simmons
Address615 Church St, Nashville, TN 37219-2314
ActivitiesGifts, grants, or loans to other organizations
SubsectionCharitable Organization
Ruling Date08/1997
DeductibilityContributions are deductible
FoundationOrganizations operated solely for the benefit of and in conjunction with organizations described in 10 through 16 above
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period06/2014
Assets$10,000,000 to $49,999,999
Income$1,000,000 to $4,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$12,924,924
Amount of Income$3,810,804
Form 990 Revenue Amount$2,837,739
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities:


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Amount of income in 2014: $3,810,804 (it was $4,179,474 in 2013)
This organization: 

 $3,810,804
Other organizations performing similar types of work: 

 $369,689

Assets in 2014: $12,924,924 (it was $12,432,810 in 2013)
This organization: 

 $12,924,924
Other organizations performing similar types of work: 

 $992,794

Expenses in 2013: $3,447,939
Nashville Public Library Foundation: 

 $3,447,939
Other organizations performing similar types of work: 

 $276,322

Income to expenses ratio in 2013: 1.1
This organization: 

 1.1
Other organizations performing similar types of work: 

 1.1

Number of employees in 2013: 23
This organization: 

 23
Other organizations performing similar types of work: 

 12

Grants share in income in 2013: 91.7%
This organization: 

 91.7%
Other organizations performing similar types of work: 

 79.2%

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Functional expenses for 2013

Checklist
20122013
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?Yes
Is the organization required to complete Schedule B, Schedule of Contributors?Yes
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?No
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?No
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?No
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?No
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?No
Did the organization maintain collections of works of art, historical treasures, or other similar assets?No
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?Yes
Did the organization report an amount for land, buildings, and equipment?Yes
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?No
Did the organization report an amount for investments-program related that is 5% or more of its total assets?No
Did the organization report an amount for other assets that is 5% or more of its total assets?No
Did the organization report an amount for other liabilities?No
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?Yes
Did the organization obtain separate, independent audited financial statements for the tax year?Yes
Was the organization included in consolidated, independent audited financial statements for the tax year?No
Is the organization a school described in section 170(b)(1)(A)(ii)?No
Did the organization maintain an office, employees, or agents outside of the United States?No
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?No
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?No
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?No
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?Yes
Did the organization report more than $15,000 total of fundraising event gross income and contributions?Yes
Did the organization report more than $15,000 of gross income from gaming activities?No
Did the organization operate one or more hospital facilities?No
Did the organization attach a copy of its audited financial statements?No
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?Yes
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?No
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?No
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?No
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?No
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?No
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?No
Did the organization engage in an excess benefit transaction with a disqualified person during the year?No
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?No
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?No
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?No
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?Yes
A family member of a current or former officer, director, trustee, or key employee?No
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?No
Did the organization receive more than $25,000 in non-cash contributions?No
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?No
Did the organization liquidate, terminate, or dissolve and cease operations?No
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?No
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?No
Was the organization related to any tax-exempt or taxable entity?No
Did the organization have a controlled entity within the meaning of section 512(b)(13)?No
Did the organization make any transfers to an exempt non-charitable related organization?No
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?No
Statements Regarding Other IRS Filings and Tax Compliance
201120122013
The number reported in Box 3 of Form 109654
The number of Forms W-2G0
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?Yes
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return23
Did the organization file all required federal employment tax returns?No
Did the organization have unrelated business gross income of $1,000 or more during the year?NoNoNo
Has it filed a Form 990-T for this year?No
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?No
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?No
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?No
Did the organization file Form 8886-T?No
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?No
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?No
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?Yes
Did the organization notify the donor of the value of the goods or services provided?Yes
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?No
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?No
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?No
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?No
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?No
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?No
Did the sponsoring organization make any taxable distributions under section 4966?No
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?No
Initiation fees and capital contributions$0$0$0
Gross receipts for public use of club facilities $0$0$0
Gross income from members or shareholders$0$0$0
Gross income from other sources$0$0$0
Is the organization filing Form 990 in lieu of Form 1041?No
The amount of tax-exempt interest received or accrued during the year$0
Is the organization licensed to issue qualified health plans in more than one state?No
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans$0
The amount of reserves on hand$0
Did the organization receive any payments for indoor tanning services during the tax year?No
Has it filed a Form 720 to report these payments?No
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
20122013
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization$84,452
Total reportable compensation from related organizations$0
Total estimated amount of other compensation from the organization and related organizations$16,415
Total number of individuals who received more than $100,000 of reportable compensation from the organization0
Total number of independent contractors who received more than $100,000 of compensation from the organization0
Statement of Revenue
201120122013
Total revenue$3,434,912$2,927,865$4,179,474
Contributions, Gifts, Grants and Other Similar Amounts$3,162,254$2,393,352$3,831,805
Program Service Revenue$0$0$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$200,936$128,066$165,971
Income from investment of tax-exempt bond proceeds$0$0$0
Royalties$0$0$0
Net rental income$44,387$57,677$58,951
Gross rents (Real / Personal)$70,270 / $0$57,186 / $0$58,173 / $0
Less: rental expenses (Real / Personal)$25,883 / $0$-491 / $0$-778 / $0
Rental income or (loss) (Real / Personal)$44,387 / $0$57,677 / $0$58,951 / $0
Net gain/loss from sales of assets other than inventory$82,999$439,471$18,001
Gross amount from sales of assets other than inventory (Securities / Other)$680,752 / $0$2,040,118 / $0$1,573,104 / $0
Less: cost or other basis and sales expenses (Securities / Other)$597,753 / $0$1,600,647 / $0$1,555,103 / $0
Gain or (loss) (Securities / Other)$82,999 / $0$439,471 / $0$18,001 / $0
Net income/loss from fundraising events$-56,453$-91,921$104,746
Gross income from fundraising events$106,086$36,420$212,105
Less: direct expenses$162,539$128,341$107,359
Net income/loss from gaming activities$0$0$0
Net income/loss from sales of inventory$0$0$0
Miscellaneous Revenue$789$1,220$0
Statement of Functional Expenses
201120122013
Total functional expenses$1,888,580$1,792,709$3,447,939
Grants and other assistance to domestic organizations and domestic governments$2,479,796
Grants and other assistance to domestic individuals$0
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, trustees, and key employees$89,950$86,033$107,796
Compensation not included above, to disqualified persons$0
Other salaries and wages$263,351$391,612$448,038
Pension plan accruals and contributions$10,321
Other employee benefits$14,543
Payroll taxes$43,722$5,039$43,836
Fees for services (non-employees)
Management$0
Legal$0
Accounting$26,068
Lobbying$0
Professional fundraising services$63,328$57,918$41,854
Investment management fees$38,211
Other$69,671
Advertising and promotion$3,412
Office expenses$42,435
Information technology$790
Royalties$0
Occupancy$0
Travel$6,147
Payments of travel or entertainment expenses for any federal, state, or local public officials$0
Conferences, conventions, and meetings$0
Interest$0
Payments to affiliates$0
Depreciation, depletion, and amortization$0
Insurance$4,661
Other expenses$50,000
Other expenses$42,262
Other expenses$7,053
Other expenses$5,153
Other expenses$5,892
Balance Sheet
201120122013
Total assets$10,564,185$11,012,178$12,432,810
Cash - non-interest-bearing$1,084,376
Savings and temporary cash investments$2,908,456
Pledges and grants receivable, net$1,736,384
Accounts receivable, net$0
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees$0
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations$0
Notes and loans receivable, net$0
Inventories for sale or use$0
Prepaid expenses and deferred charges$8,387
Land, buildings, and equipment: cost or other basis$9,042
Investments - publicly traded securities$6,686,165
Investments - other securities$0
Investments - program-related$0
Intangible assets$0
Other assets$0
Total liabilities$31,471$27,847$396,625
Accounts payable and accrued expenses$396,625
Grants payable$0
Deferred revenue$0
Tax-exempt bond liabilities$0$0$0
Escrow or custodial account liability$0
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons$0
Secured mortgages and notes payable to unrelated third parties$0$0$0
Unsecured notes and loans payable to unrelated third parties$0$0$0
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)$0
Total net assets or fund balances$10,532,714$10,984,331$12,036,185
Unrestricted net assets$1,921,784
Temporarily restricted net assets$7,263,930
Permanently restricted net assets$2,850,471
Capital stock or trust principal, or current funds$0
Paid-in or capital surplus, or land, building, or equipment fund$0
Retained earnings, endowment, accumulated income, or other funds$0$0$0
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2)
Number of organizations supported1
Sum of amounts of support$2,479,796
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Westport Library AssocArnold Bernhard Plaza, Westport, CT 06880CT1970-01$8,749,496
2Willard Library7 Van Buren St W, Battle Creek, MI 49017-3009MI1998-05$5,641,017
3Southeastern Public Library System Of Oklahoma401 North 2nd Street, Mcalester, OK 74501-4647OK1990-03$4,871,973
4Nashville Public Library Foundation615 Church St, Nashville, TN 37219-2314TN1997-08$3,810,804
5Wallingford Public Library AssocAssociation 200 North Main Street, Wallingford, CT 06492CT1950-11$3,076,738
6South Country Library22 Station Rd, Bellport, NY 11713-2444NY1980-08$2,976,944
7Willard Library Of Evansville21 First Ave, Evansville, IN 47710-1212IN1944-11$2,245,750
8Rockingham Library Association174 S Main St, Harrisonburg, VA 22801-3629VA1952-01$2,221,992
9Schwenkenfelder Library And Heritage Center105 Seminary St, Pennsburg, PA 18073-1832PA1955-07$2,113,722
10Southern Tier Library System9424 Scott Rd, Painted Post, NY 14870-9598NY1960-06$2,083,389
11Johnson City Public Library100 W Millard St, Johnson City, TN 37604-4731TN1991-02$1,853,231
12Rutland Free Library Association Inc T-A Rutland Free Library10 Court St, Rutland, VT 05701-4024VT1963-10$1,766,499
13Webster Memorial Library124 S Phelps St, Decatur, MI 49045-1118MI1962-04$1,543,469
14Trustees Of The Forbes Library20 West St, Northampton, MA 01060-3713MA1941-01$1,444,262
15Smyth-Bland Regional Library System118 S Sheffey St, Marion, VA 24354-2524VA1990-11$1,387,376
16William H Hall Free Library Inc1825 Broad St, Cranston, RI 02905-3501RI1942-06$1,375,890
17Wissahickon Valley Public Library650 Skippack Pike, Blue Bell, PA 19422-1710PA1968-05$1,262,941
18Samuels Library Inc330 E Criser Rd, Front Royal, VA 22630-2150VA1977-07$1,149,342
19West Nyack Free Library Assn65 Strawtown Rd, West Nyack, NY 10994-1849NY1961-12$1,111,876
20Lexington-Henderson County Everett Horn Libary Inc702 W Church St, Lexington, TN 38351-1236TN1989-02$137,521
Number of organizations performing similar types of work
Alabama6
Arkansas4
Arizona4
California15
Colorado2
Connecticut30
Delaware4
Florida11
Georgia4
Iowa6
Idaho3
Illinois6
Indiana12
Kansas5
Kentucky6
Louisiana2
Massachusetts32
Maryland5
Maine32
Michigan12
Minnesota5
Missouri3
Mississippi2
Montana1
North Carolina11
Nebraska3
New Hampshire4
New Jersey19
New Mexico1
Nevada1
New York132
Ohio19
Oklahoma7
Oregon4
Pennsylvania94
Rhode Island15
South Carolina4
South Dakota2
Tennessee3
Texas12
Utah1
Virginia14
Vermont15
Washington4
Wisconsin3
West Virginia2
Wyoming1
International1
Total584

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