2024-09-24T08:11:20-05:00 2024-06-30 521273734 LSWG PA 201 THOMAS JOHNSON DRIVE FREDERICK MD 21702 990 2023-07-01 520591537 C BURR ARTZ TRUST CBUR 3016941630 110 EAST PATRICK STREET FREDERICK MD 21701 EDMOND B GREGORY TRUSTEE 3016941630 2024-09-09 1 0 C EVA WEBB P01251814 3016629200 2023 2024-08-08 14:25:15Z EDMOND B GREGORY 110 EAST PATRICK STREET FREDERICK MD 21701 2081226 0 X N/A X 1934 MD OPERATIONAL SUPPORT FOR THE C. BURR ARTZ LIBRARY 3 3 0 3 0 0 0 0 0 0 74318 102328 0 0 74318 102328 0 0 0 0 0 0 0 0 0 178957 131442 178957 131442 -104639 -29114 5540085 6068076 0 0 5540085 6068076 OPERATIONAL SUPPORT FOR THE C. BURR ARTZ LIBRARY. 0 0 127192 SUPPLEMENTAL OPERATIONAL SUPPORT TO THE C. BURR ARTZ LIBRARY, PART OF THE FREDERICK COUNTY, MD PUBLIC LIBRARY SYSTEM 127192 1 0 0 0 0 0 0 1 0 1 1 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 X 3 3 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 X BRANDY MCDERMOTT 3016003764 110 EAST PATRICK STREET FREDERICK MD 21701 X EDMOND B GREGORY TRUSTEE 1.00 X 0 0 0 ROBERT MARSH TRUSTEE 1.00 X 0 0 0 CHRISTOPHER BAKER TRUSTEE 1.00 X 0 0 0 0 0 0 0 0 0 0 0 175548 175548 1905678 1978898 -73220 -73220 -73220 102328 -73220 0 175548 4250 4250 CONTRACT SERVICES 74114 74114 EVENT SERVICES 21200 21200 FACILITIES AND EQUIPMEN 20720 20720 LIBRARY EXPENSES 8957 8957 2201 2201 131442 127192 4250 0 57209 111952 290686 262504 7926 7926 0 0 1441523 3515828 5442711 234839 250909 5540085 6068076 0 0 X 2660879 3172982 2879206 2895094 5540085 6068076 5540085 6068076 -29114 577471 -20366 0 X 0 0 0 X X 1 C BURR ARTZ LIBRARY 522005433 6 1 127192 0 1 127192 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 X PART IV, SECTION D, LINE 2 THE TRUSTEES OF THE C. BURR ARTZ LIBRARY TRUST HAVE BEEN IN THE POSITION FOR MANY YEARS, AND ARE NOT DIRECTLY APPOINTED TO THE POSITION BY THE FREDERICK COUNTY PUBLIC LIBRARY SYSTEM, THE SUPPORTED ORGANIZATION. THEY ARE APPOINTED BY THE ALDERMEN OF FREDERICK CITY. REGULAR MEETINGS ARE HELD BETWEEN THE TRUST AND THE LIBRARY DIRECTOR TO DETERMINE THE PROGRAMS THAT WILL BE PAID BY THE TRUST FOR THE BENEFIT OF THE LIBRARY. THE FINANICAL RECORDS OF THE TRUST ARE MAINTAINED BY AN EMPLOYEE OF THE COUNTY LIBRARY SYSTEM. THIS EMPLOYEE HAS DIRECT CONTACT WITH AND KNOWLEDGE OF THE FUNDING NEEDS OF THE C. BURR ARTZ PUBLIC LIBRARY BY WORKING WITH LIBRARIANS AND OTHER LIBRARY STAFF KNOWLEDGEABLE ABOUT SUCH NEEDS. THE PURCHASES MADE BY THE TRUST TO BENEFIT THE LIBRARY ARE APPROVED BY THE TRUSTEES. SECTION E, LINE 1C THE ORGANIZATION SUPPORTS THE FREDERICK COUNTY LIBRARY SYSTEM, WHICH FALLS UNDER THE AUTHORITY OF THE FREDERICK COUNTY GOVERNMENT. THE ORGANIZATION'S ACTIVITIES DIRECTLY FURTHERED THE EXEMPT PURPOSES OF THE FREDERICK COUNTY PUBLIC LIBRARY SYSTEM AS DESCRIBED IN SECTION D, LINE 3 ABOVE. THIS INCLUDES MANAGING NON-EXEMPT USE ASSETS FOR THE LIBRARY (A GOVERNMENT ENTITY) AS WELL AS FUNDING LIBRARY PROGRAMS AND MAINTENANCE. X 0 5482876 682764 209516 5956124 5138824 445196 147470 5482876 6390692 -979724 272144 5138824 5176916 1240385 26609 6390692 5248108 249409 302000 18601 5176916 0.49000 0.51000 1 0 3724 3724 0 4202 4202 0 0 MUTUAL FUNDS-FIXED INCOME 1923025 F MUTUAL FUNDS-EQUITY 3519686 F 5442711 X PART III, LINE 1A: COLLECTIONS ARE HELD FOR ROTATING EXHIBITION TO THE PUBLIC AND ARE PROTECTED, CARED FOR AND PRESERVED. THE PAINTINGS ARE SUBJECT TO A POLICY THAT STATES THAT ANY PROCEEDS FROM THE SALE OF COLLECTION ITEMS WILL BE REINVESTED IN OTHER COLLECTION ITEMS. THE MOST RECENT APPRAISED VALUE OF THE THOMAS JOHNSON PORTRAIT IS $2,250,000 AND $224,190 FOR PORCELAIN, PAINTINGS AND OTHER COLLECTIBLES. PART III, LINE 4: THE COLLECTION INCLUDES A PORTRAIT OF THOMAS JOHNSON AND VARIOUS PORCELAIN, PAINTINGS AND OTHER COLLECTIBLES. THE COLLECTION ITEMS ARE HELD FOR ROTATING EXHIBITION TO THE PUBLIC. PART V, LINE 4: THE ENDOWMENT FUNDS WERE ESTABLISHED AS A RESULT OF A PRIVATE BEQUEST, INCORPORATED UNDER THE LAWS OF MARYLAND. THE TRUST IS ORGANIZED EXCLUSIVELY TO SUPPORT THE OPERATIONS OF C. BURR ARTZ CENTRAL LIBRARY, A BRANCH OF THE FREDERICK COUNTY PUBLIC LIBRARY SYSTEM. THE ENDOWMENT ALSO INCLUDES A SPLIT-INTEREST IN THE KOLB PERPETUAL TRUST WHICH IS ADMINISTERED BY A THIRD PARTY. PART X, LINE 2: THE TRUST FOLLOWS THE RECOGNITION REQUIREMENTS FOR UNCERTAIN INCOME TAX PROVISIONS AS REQUIRED BY GENERALLY ACCEPTED ACCOUNTING PRINCIPLES. INCOME TAX BENEFITS ARE RECOGNIZED FOR INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, ONLY WHEN IT IS DETERMINED THAT THE INCOME TAX POSITION WILL MORE-LIKELY-THAN-NOT BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. THE TRUST BELIEVES THAT INCOME TAX FILING POSITIONS WILL BE SUSTAINED UPON EXAMINATION AND DOES NOT ANTICIPATE ANY ADJUSTMENTS THAT WOULD RESULT IN A MATERIAL ADVERSE EFFECT ON THE TRUST'S FINANCIAL CONDITION, RESULTS OF OPERATIONS OR CASH FLOWS. ACCORDINGLY, THE TRUST HAS NOT RECORDED ANY RESERVES, OR RELATED ACCRUALS FOR INTEREST AND PENALTIES FOR UNCERTAIN INCOME TAX POSITIONS AT JUNE 30, 2024. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES. FORM 990, PART VI, SECTION B, LINE 11B LINE 11A EXPLANATION - A COPY OF THE 990 IS PROVIDED TO THE BOARD OF TRUSTEES IN ADVANCE OF THE SIGNING AND A MEMBER OF THE BOARD OF TRUSTEES WITH EXPERIENCE IN FINANCIAL MATTERS REVIEWS THE FORM 990 IN ITS ENTIRETY. THAT BOARD MEMBER REPORTS BACK TO THE OTHER TRUSTEES WHO, AFTER DISCUSSION OF ANY ISSUES, AUTHORIZES THE MEMBER WHO REVIEWED THE FORM 990 TO SIGN THE FORM AND FILE IT TIMELY. FORM 990, PART VI, SECTION C, LINE 19 ALL GOVERNING DOCUMENTS RELATED TO THE TRUST ARE AVAILABLE AT THE FREDERICK COUNTY COURTHOUSE. THE FINANCIAL STATEMENTS AND TAX FILINGS ARE AVAILABLE AT THE C. BURR ARTZ BRANCH OF THE FREDERICK COUNTY PUBLIC LIBRARY SYSTEM, RETAINED THERE UNDER A MEMORANDUM OF UNDERSTANDING BETWEEN THE TRUST AND THE LIBRARY SYSTEM. ANY REQUEST TO SEE THE FINANCIAL STATEMENTS OR TAX FILINGS OF THE TRUST ARE COMMUNICATED BY THE LIBRARY STAFF TO A TRUSTEE, USUALLY VIA E-MAIL, AND THE TRUSTEES THEN UNDERTAKE TO SATISFY THE REQUEST IN ACCORDANCE WITH LAWS AND REGULATIONS.