The Free Library Of Philadelphia
- Assets
- $55.5m
- Revenue
- $14.7m
- Investments
- $12.1m
- Employees
- 303
- Location
- Philadelphia, PA
- Founding
- 11/1988
- Data as of
- 06/2021
- EIN
- 52-1173474
Organization Overview
The Free Library Of Philadelphia, operating under the name Same As Above, is located in Philadelphia, PA. The organization was established in 1988. According to its NTEE Classification (B70) the organization is classified as: Libraries, under the broad grouping of Education and related organizations. As of 06/2021, Same As Above employed 303 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Same As Above is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Same As Above generated $14.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.7%) each year. All expenses for the organization totaled $11.1m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (3.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O.TO DEVELOP RESOURCES AND FUNDING TO EXPAND, ENHANCE, AND SUPPORT THE SERVICES, COLLECTIONS, BUILDING IMPROVEMENTS AND TECHNOLOGY EXPANSION, AND OTHER ACTIVITIES OF THE FREE LIBRARY OF PHILADELPHIA. PROGRAMS INCLUDE EARLY CHILDHOOD, FAMILY, AND ADULT LITERACY; AFTER-SCHOOL HOMEWORK HELP; SUPPORT OF JOB SEEKING EFFORTS; REGIONAL FOUNDATION CENTER; LECTURE SERIES; SUMMER PROGRAMS IN READING AND SCIENCE; AND CULTURAL PERFORMANCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLIC PROGRAMS: TO PROVIDE SUPPORT FOR LITERACY, CULTURAL AND EDUCATIONAL PROGRAMMING ON BEHALF OF THE FREE LIBRARY OF PHILADELPHIA. EXAMPLES OF SUCH PROGRAMS INCLUDE: THE LITERACY ENRICHMENT AFTER-SCHOOL PROGRAM (LEAP), ONE BOOK ONE PHILADELPHIA, SCIENCE IN THE SUMMER, TEEN PROGRAMMING, CULINARY LITERACY, CHRONICLING RESISTANCE, THE AUTHOR LECTURE SERIES, AND SUMMER READING PROGRAM.
FACILITIES RENOVATIONS: PRIMARILY TO MAKE RENOVATIONS TO THE BRANCH LIBRARIES.
LIBRARY CAPITAL PROJECTS: TO RENOVATE AND ENHANCE THE CENTRAL BRANCH OF THE LIBRARY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shara Pollie S.V.P. Development | Officer | 37.5 | $242,324 |
David Edwards Interim Ceo/chief Financial Officer | Officer | 37.5 | $178,674 |
James Pecora V.P. Property Management | Officer | 37.5 | $176,466 |
Sarah Moran V.p Strategic Initiatives | 37.5 | $150,883 | |
Susan Gould A.v.p. Development | 37.5 | $145,012 | |
Jenny Bogoni Executive Director, Read! By 4th | 37.5 | $132,712 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
David Cooper Moore Dba Media Education C Consulting/digital Literacy Skills | 6/29/21 | $102,486 |
Abt Associates Inc Research/evaluation | 6/29/21 | $163,654 |
Mighty Engine Marketing/web Development | 6/29/21 | $113,125 |
Allegiance Fundraising Llc Fundraising | 6/29/21 | $212,878 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,356,624 |
| Investment income | $513,561 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $93,682 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $535,648 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,690,366 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $669,922 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,684,823 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $806,339 |
| Payroll taxes | $402,441 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $80,303 |
| Fees for services: Lobbying | $63,000 |
| Fees for services: Fundraising | $212,878 |
| Fees for services: Investment Management | $117,882 |
| Fees for services: Other | $1,630,921 |
| Advertising and promotion | $387,983 |
| Office expenses | $445,011 |
| Information technology | $137,475 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,511 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $29,332 |
| Interest | $229,052 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $61,135 |
| All other expenses | $0 |
| Total functional expenses | $11,115,834 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,193,182 |
| Savings and temporary cash investments | $480,020 |
| Pledges and grants receivable | $14,727,185 |
| Accounts receivable, net | $467,935 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $97,047 |
| Investments—publicly traded securities | $21,086,412 |
| Investments—other securities | $12,103,116 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $330,577 |
| Total assets | $55,485,474 |
| Accounts payable and accrued expenses | $1,171,843 |
| Grants payable | $0 |
| Deferred revenue | $1,385,000 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $8,600,000 |
| Other liabilities | $0 |
| Total liabilities | $11,156,843 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $44,328,631 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that The Free Library Of Philadelphia has recieved totaling $6,000.
| Awarding Organization | Amount |
|---|---|
Glazer Family Foundation Declaratio Tr 12072000 Philadelphia, PA PURPOSE: ARTS | $5,000 |
Alex J Ettl Foundation Malibu, CA PURPOSE: SUPPORT | $1,000 |
Endowment Analysis
| Beg. Balance | $33,009,510 |
| Earnings | $7,839,744 |
| Net Contributions | $997,252 |
| Other Expense | $1,786,746 |
| Ending Balance | $40,059,760 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Prince Georges County Memorial Library System Largo, MD | $19,703,287 | $35,335,320 |
Carnegie Library Of Pittsburgh Pittsburgh, PA | $129,763,715 | $43,541,952 |
Public Library Association Of Annapolis And A A Co Inc Annapolis, MD | $38,305,116 | $29,732,836 |
Pierpont Morgan Library New York, NY | $416,332,166 | $59,153,120 |
Rochester Public Library Rochester, NY | $13,709,813 | $21,920,405 |
Suffolk Cooperative Library System Bellport, NY | $18,374,423 | $17,112,722 |
Reuben Mcmillan Free Library Association Youngstown, OH | $89,698,038 | $21,065,303 |
Smithtown Library Nesconset, NY | $38,994,883 | $15,642,317 |
Allegheny County Library Assoc Pittsburgh, PA | $1,615,297 | $12,970,956 |
Greene County Public Library Xenia, OH | $9,776,484 | $13,108,130 |
Buffalo & Erie County Public Library Buffalo, NY | $4,920,940 | $11,835,935 |
The Free Library Of Philadelphia Philadelphia, PA | $55,485,474 | $14,690,366 |