Reading Public Library Foundation: FY2022 Nonprofit Profile & Form 990 (EIN 23-2903846)

Revenue by fiscal year
FY2020	$301K
FY2021	$330K
FY2022	$564K
FY2023	$290K
FY2024	$599K

Expenses by fiscal year
FY2020	$380K
FY2021	$434K
FY2022	$405K
FY2023	$392K
FY2024	$451K

Net assets by fiscal year
FY2020	$747K
FY2021	$690K
FY2022	$706K
FY2023	$657K
FY2024	$666K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 1997.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

100%

Program services 100% · $403K Management & general 0% · $1K Fundraising 0% · $81

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation

Kenneth Haupt

President

$0Pt VII · Sec A

Alan Carman

Treasurer

$0Pt VII · Sec A

Melissa Adams

Secretary

$0Pt VII · Sec A

Craig Perrotty

Board Member

$0Pt VII · Sec A

Dennis Skayhan

Board Member

$0Pt VII · Sec A

Chris Phillips

Board Member

$0Pt VII · Sec A

Kelsey Frankowski

Board Member

$0Pt VII · Sec A

Renee Dietrich

Board Member

$0Pt VII · Sec A

See Reading Public Library Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supports and expands the Reading Public Library's services and reach.

Provided by the organization

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1 program · $403K · in their own filed words · FY2022

01

To acquire and maintain property for the expansion AND/OR benefit of the reading public library, which services the general public and to make contributions, grants, gifts and transfers of property, both real and personal, either outright or in trust, to or for the benefit of the library, including the making of payments to or for the…

$403Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid

Grants received · FY2024

Donor Advised Charitable Giving INCFY2024$11K

Total grants receivedfrom 1 funder$11K

Grants paid · 5 grants · $1.8M · 2020–2024

Reading Public LibraryFY2024$352,582

Reading Public LibraryFY2023$348,607

Reading Public LibraryFY2022$369,495

Reading Public LibraryFY2021$393,312

Reading Public LibraryFY2020$329,675

By the numbers

The FY2022 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$564K

Ln 12

Gifts and grantsLn 1h$471K

Investment incomeLn 3$93K

Money outPt IX

$405K

Ln 25

Programscol B$403K

Managementcol C$1K

Fundraisingcol D$81

Owns and owesPt X

$706K

net assets · Ln 32

Cash and savingsLn 1–2$8K

Total assetsLn 16$726K

LiabilitiesLn 26$21K

PeoplePt VI, VII

8

listed · VII A

PaidVII A0

Voting boardVI 1a8

IndependentVI 1b8

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$471K

Investment incomeLn 3$93K

Gains on assetsLn 7$83K

Total revenueLn 12$564K

Assets in detailPt X, end of year

SavingsLn 2$8K

Cash and savings togetherLn 1–2$8K

InvestmentsLn 11–13$403K

Land, buildings, equipmentLn 10c$316K

Total assetsLn 16$726K

LiabilitiesLn 26$21K

Net assetsLn 32$706K

OperationsPt I, VI

EmployeesI 50

VolunteersI 68

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aNo

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY22	End FY22
Cash and savingsLn 1–2	$10K	$8K
InvestmentsLn 11–13	$359K	$403K
Land, buildings, equipmentLn 10c	$326K	$316K
Total assetsLn 16	$695K	$726K
LiabilitiesLn 26	$5K	$21K
Net assetsLn 32	$690K	$706K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$369K	$369K
Accounting feesLn 11c	$9K	$8K	$910
Investment management feesLn 11f	$175		$175
Office expensesLn 13	$822	$658	$83	$81
OccupancyLn 16	$14K	$14K
Depreciation, depletion and amortizationLn 22	$10K	$10K
InsuranceLn 23	$1K	$1K	$113
Total functional expensesLn 25	$405K	$403K	$1K	$81

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest	$599K	$451K	$148K	$666K	990 PDF
FY2023	$290K	$392K	−$102K	$657K	990 PDF
FY2022 Viewing	$564K	$405K	$159K	$706K	990 PDF
FY2021	$330K	$434K	−$103K	$690K	990 PDF
FY2020	$301K	$380K	−$79K	$747K	990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

See the full FY2022 990 (6 parts)

Part I · Summary $563,906 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $306,395$470,922

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $23,856$92,984

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $330,251$563,906

I-13 Grants and similar amounts paidPrior year $393,312$369,495

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $0$0

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $40,313$35,105

I-18 Total expensesPrior year $433,625$404,600

I-19 Revenue less expensesPrior year −$103,374$159,306

Part VI · Governance 8 of 8 board members independent, 4 to look at

VI-1a Voting members of the governing body8

VI-1b Independent voting members8

VI-12a Written conflict of interest policyNo

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

Part VIII · Statement of revenue $563,906 across 5 lines filed

VIII-1f All other contributions, gifts and grants$470,922

VIII-1h Total contributions, gifts and grants$470,922

VIII-3 Investment incomeExcluded from tax $9,902$9,902

VIII-7 Net gain or loss on sales of assetsExcluded from tax $83,082$83,082

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $92,984$563,906

Part IX · Statement of functional expenses $404,600 across 7 lines filed

IX-1 Grants to domestic organizationsPrograms $369,495$369,495

IX-11c Accounting feesPrograms $8,190 · Management $910$9,100

IX-11f Investment management feesManagement $175$175

IX-13 Office expensesPrograms $658 · Management $83 · Fundraising $81$822

IX-16 OccupancyPrograms $13,663$13,663

IX-22 Depreciation, depletion and amortizationPrograms $10,210$10,210

IX-23 InsurancePrograms $1,022 · Management $113$1,135

IX-25 Total functional expensesPrograms $403,238 · Management $1,281 · Fundraising $81$404,600

Part X · Balance sheet $726,253 assets, 10 lines filed

X-2 Savings and temporary cash investmentsStart of year $10,443$7,758

X-10c Land, buildings and equipment, netStart of year $325,917$315,707

X-11 Publicly traded securitiesStart of year $359,115$402,788

X-16 Total assetsStart of year $695,475$726,253

X-17 Accounts payable and accrued expensesStart of year $5,200$20,606

X-26 Total liabilitiesStart of year $5,200$20,606

X-27 Net assets without donor restrictionsStart of year $671,347$613,313

X-28 Net assets with donor restrictionsStart of year $18,928$92,334

X-32 Total net assets or fund balancesStart of year $690,275$705,647

X-33 Total liabilities and net assetsStart of year $695,475$726,253

Part XI · Reconciliation of net assets $705,647 net assets at year end

XI-1 Total revenue$563,906

XI-2 Total expenses$404,600

XI-3 Revenue less expenses$159,306

XI-4 Net assets at start of year$690,275

XI-5 Net unrealized gains (losses) on investments−$143,934

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$705,647

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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Reading Public Library Foundation FY2022 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV