2024-03-09T07:24:58-06:00 2023-06-30 050519852 WESTMINSTER ADVISORY GROUP CPA'S 117 METRO CENTER BLVD 2001 WARWICK RI 02886 990 2022-07-01 050259005 MEMORIAL AND LIBRARY ASSOCIATION OF WESTERLY MEMO 4015962877 44 BROAD STREET WESTERLY RI 02891 BRIGITTE HOPKINS EXECUTIVE DIRECTOR 4015962877 2024-03-09 1 BRIGITTE HOPKINS 999009999 0 DEANA M FILIPPELLI CPA P00492892 4017322501 2024-03-09 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z BRIGITTE HOPKINS 44 BROAD STREET WESTERLY RI 02891 3283148 0 X WWW.WESTERLYLIBRARY.ORG X 1892 RI TO MAINTAIN THE WESTERLY LIBRARY, HOXIE GALLERY AND WILCOX PARK, A 15 ACRE ARBORETUM. 14 14 49 0 0 0 1436845 1515603 8844 9648 1587010 569337 50601 40594 3083300 2135182 0 0 0 0 1647549 1689449 0 0 276321 1326675 1284929 2974224 2974378 109076 -839196 38501613 40823245 1368128 1214605 37133485 39608640 TO STRENGTHEN THE COMMUNITY AND ENRICH LIVES BY STIMULATING INTELLECT AND SPARKING IMAGINATION THROUGH ACCESS TO LITERATIVE INFORMATION, NATURE, AND THE ARTS. 0 0 2201470 17598 LIBRARY - THE LIBRARY PROVIDES ESSENTIAL SERVICES AND PROGRAMS THAT ENRICH THE LIVES OF ALL ITS PATRONS; CHILDREN OF ALL AGES ARE WELCOME, & INTRODUCED TO THE MAGIC OF READING; IT IS A CENTER FOR CIVIC PRIDE & COMMUNITY; IT IS A THRIVING, BUSY, WARM, BEAUTIFUL, & WELCOMING PLACE. WE HAVE 13,607 PATRONS WITH ACTIVE LIBRARY CARDS & THOUSANDS OF OTHERS WITHOUT CARDS. OUR TOTAL CIRCULATION LAST YEAR, INCLUDING EZONE BOOKS, WAS 227,849 ITEMS, WE HAD 11,650 COMPUTER USERS & 19,903 WIRELESS SESSIONS. WE ARE PART OF A LIBRARY CONSORTIUM, SHARING AN ONLINE MATERIALS AND PATRON DATABASE, NETWORK MATERIAL LENDING, AND SUBSCRIPTION DATABASES. WE PROVIDE EBOOKS AND RESEARCH TECHNOLOGY, ACCESS TO THE INTERNET, ONLINE UNIQUE DATABASE SERVICES, AND PROGRAM INFORMATION VIA OUR WEB SITE. WILCOX PARK - WILCOX PARK IS A NATIONALLY SIGNIFICANT ARBORETUM AND DESIGNED LANDSCAPE, AND ONE OF THE CORNERSTONES FOR OUR SENSE OF PLACE IN THE REGION. IT IS A BEAUTIFUL, PRIVATE PARK THAT ALSO SERVES AS AN OUTDOOR COMMUNITY SPACE. THE ASSOCIATION HAS DONE AN OUTSTANDING JOB OF PRESERVING THIS HISTORIC RESOURCE AND, THROUGH THAT, IN KEEPING DOWNTOWN WESTERLY LOOKING BEAUTIFUL AND WELL-MAINTAINED. THE PARK'S CONSIDERABLE EDUCATIONAL POTENTIAL IS REALIZED THROUGH PROGRAMS THAT PROMOTE A VARIETY OF THINGS INCLUDING ENVIRONMENTAL AWARENESS, WELLNESS, AND COMMUNITY. PROGRAMS INCLUDE THE ANNUAL GARDEN MARKET FAIR, THE VIRTU ART FESTIVAL WHICH SHOWCASES THE WORK OF 200 ARTISTS, THE SUMMER POPS CONCERT BY THE CHORUS OF WESTERLY, AND THE ANNUAL SHAKESPEARE IN THE PARK PRODUCTIONS. BUILDING - THE BUILDING THAT HOUSES WESTERLY LIBRARY IS ONE OF THE MOSTSIGNIFICANT STRUCTURES IN THE HISTORIC DISTRICT THAT SURROUNDS IT. ITIS ONE OF THE GREAT LANDMARKS IN RHODE ISLAND AND A STRONG EXAMPLE OFTHE VISION AMERICA HAD FOR THE IMPORTANT ROLE TO BE PLAYED BY ITS LATE19TH CENTURY LIBRARIES IN FORGING A NEW, DEMOCRATIC, POST CIVIL WARSOCIETY. THE BUILDING WENT THROUGH A MAJOR RENOVATION IN 2010 AND THERESTORATION OF THE OLD MAIN READING ROOM BROUGHT BACK TO LIFE ONE OFWESTERLY'S MOST TREASURED SPACES. THE HOXIE GALLERY WAS ALSO RESTOREDTO ITS POSITION AS A MAJOR SITE FOR THE EXHIBITION OF THE WORK OFARTISTS FROM THROUGHOUT THE REGION 2201470 1 1 0 0 0 0 0 1 0 1 1 0 0 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 1 0 0 0 0 0 0 0 0 1 11 0 1 49 0 0 0 0 0 0 0 0 0 0 0 X 14 14 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 RI CT X BRIGITTE HOPKINS 4015962877 44 BROAD STREET WESTERLY RI 02891 X SHARON MORGAN SECRETARY 1.00 X X 0 0 0 DEBORAH BELL TRUSTEE 0.75 X 0 0 0 DEBORAH DOWNIE EX-OFFICIO 0.25 X 0 0 0 THOMAS F BOLL TRUSTEE 1.00 X 0 0 0 PEGGY MURPHY-BRIGHT EX-OFFICIO 0.50 X 0 0 0 BETTY-JO CUGINI PRESIDENT 2.00 X X 0 0 0 PETER B ROBINSON TREASURER 2.00 X X 0 0 0 JENNIFER OBREY TRUSTEE 0.75 X 0 0 0 MOJIE F FRIEL TRUSTEE 0.50 X 0 0 0 ANN LAIN VICE PRESIDENT 0.50 X X 0 0 0 COLLEEN SULLIVAN TRUSTEE 0.50 X 0 0 0 MARIA BERNIER TRUSTEE FROM 6/22 0.50 X 0 0 0 MARY CAROL KENDZIA TRUSTEE FROM 12/21 0.50 X 0 0 0 WILLIAM MILLER TRUSTEE FROM 9/21 0.50 X 0 0 0 MARY SCIALABBA EX-OFFICIO 0.50 X 0 0 0 LOUIS TOSCANO TRUSTEE 0.50 X 0 0 0 ROBERT GERVASINI TRUSTEE 0.50 X 0 0 0 0 0 0 0 0 0 0 0 31048 958340 526215 71096 1515603 LIBRARY COLLECTIONS 900009 9648 9648 9648 631955 631955 7950 0 7950 7950 7950 1064943 4900 1132461 0 -67518 4900 -62618 -62618 16832 31048 15505 1327 1327 DISTRIBUTIONS FROM PERPETUAL TRUS 900099 31317 31317 31317 2135182 17598 0 601981 1440533 1023798 211924 204811 24665 15129 5325 4211 104928 83061 15962 5905 119323 85626 17126 16571 27206 8387 18819 5335 5335 122824 121275 1549 63731 63731 8463 485 357 7621 117597 77164 31945 8488 123533 123413 120 5248 4768 120 360 51694 51694 379689 376891 2798 53148 47389 5568 191 LIBRARY BOOKS/MATERIALS 154748 154748 REPAIRS & MAINTENANCE 70963 70963 SUPPLIES 34854 29379 5056 419 TREE AND PLANT WORK 15987 15987 49909 32588 10065 7256 2974378 2201470 496587 276321 38244 113990 955835 896062 1273817 1228587 3983 3750 106325 43928 20741457 13295330 7524787 7446127 26792328 29175937 1806294 1914864 38501613 40823245 88135 200860 1279993 1013745 1368128 1214605 X 22519763 24693065 14613722 14915575 37133485 39608640 38501613 40823245 X -839196 3205781 108570 X X 0 1 X 1 0 X 1289019 1314228 1392167 1436845 1515603 6947862 1289019 1314228 1392167 1436845 1515603 6947862 6947862 856908 539504 561109 616926 639781 3214228 30108 25646 18822 29281 31317 135174 10297264 0.67470 0.62050 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 26792328 151024 3629835 1397250 29175937 31081022 1632745 -4571439 1350000 26792328 22969269 1505904 7836074 1230225 31081022 20192788 3255193 556288 1035000 22969269 19872510 153750 1166528 1000000 20192788 0.09600 0.35000 0.55400 0 0 1505000 1505000 17632013 11858319 5773694 1604444 1437011 167433 7446127 5385802 3205781 108570 3314351 2071451 63731 63731 2135182 2910647 0 2910647 63731 63731 2974378 PART III, LINE 1A: THE COLLECTIONS, WHICH WERE ACQUIRED THROUGH PURCHASES AND CONTRIBUTIONS SINCE THE ASSOCIATION'S INCEPTION, ARE NOT RECOGNIZED AS ASSETS ON THE STATEMENTS OF FINANCIAL POSITION. PURCHASES OF COLLECTION ITEMS ARE RECORDED AS DECREASES IN UNRESTRICTED NET ASSETS IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED. CONTRIBUTED COLLECTION ITEMS ARE NOT REFLECTED IN THE FINANCIAL STATEMENTS. PROCEEDS FROM DISPOSITIONS OR INSURANCE RECOVERIES ARE REFLECTED IN THE STATEMENT OF ACTIVITIES AND CHANGES IN NET ASSETS AS TEMPORARILY RESTRICTED OR UNRESTRICTED REVENUE IN ACCORDANCE WITH ANY DONOR RESTRICTIONS. PART III, LINE 4: ART AND ARTIFACT COLLECTIONS ARE DISPLAYED IN THE GALLERY. ORIGINAL COLLECTIONS AND RECORDED INTERVIEWS RELATING TO THE GRANITE INDUSTRY ARE USED BY SCHOLARS, AS IS THE MARGARET WISE BROWN COLLECTION. THE ASSOCIATION HAS A CLIMATE-CONTROLLED ROOM FOR HISTORICAL DOCUMENTS AND ARTIFACTS. ITEMS FROM ITS COLLECTION HAVE BEEN LOANED TO MUSEUMS IN VERMONT,CONNECTICUT, AND JAPAN. ITEMS ARE ON LOAN TO THE BABCOCK SMITH HOUSE IN WESTERLY. PART V, LINE 4: THE ASSOCIATION'S ENDOWMENT FUNDS ARE INTENDED TO PROVIDE LONG TERM SUPPORT OF THE OPERATIONS OF THE PARK AND LIBRARY. DONOR RESTRICTED FUNDS PROVIDE FOR PURCHASES OF NEW LIBRARY MATERIALS AS WELL AS THE MAINTENANCE OF THE PARK AND BUILDING WHILE BOARD DESIGNATED FUNDS PROVIDE FOR THE GENERAL OPERATIONS AND ADMINISTRATION OF THE ASSOCIATION AS MANAGED BY THE SPENDING POLICY. X 4 65324 AVG MARKET QUOTATION X FUNDRAISER FOOD & BEVERAGE 12 3012 ESTIMATED FMV X FUNDRAISER PRIZES 31 2760 ESTIMATED FMV 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE BOARD HAS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A INCORPORATORS OF THE ASSOCIATION HAVE THE POWER TO ELECT ON AN ANNUAL BASIS A LIMITED NUMBER OF TRUSTEES AT THE ANNUAL MEETING. ADDITIONALLY, A REPRESENTATIVE OF THE TOWNS OF WESTERLY AND STONINGTON IS APPOINTED BY EACH TOWN TO SIT ON THE BOARD OF TRUSTEES AS AN EX-OFFICIO MEMBER. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY THE AUDIT COMMITTEE, FINANCE COMMITTEE AND EXECUTIVE DIRECTOR PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ASSOCIATION REQUIRES ALL BOARD MEMBERS TO DISCLOSE CONFLICTS OF INTEREST WITH ANY POTENTIAL OR EXISTING EMPLOYEES, BOARD MEMBERS, CONTRIBUTORS OR VENDORS. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD EXECUTIVE COMMITTEE REVIEWS PERFORMANCE AND RECOMMENDS COMPENSATION OF THE EXECUTIVE DIRECTOR. THEY OBTAIN COMPARATIVE DATA ON ALL SALARIES FROM THE RHODE ISLAND OFFICE OF LIBRARY AND INFORMATION SERVICES. ALL OTHER EMPLOYEES ARE PART OF A SALARY COMPENSATION PLAN FORM 990, PART VI, SECTION C, LINE 19 ALL FINANCIAL DOCUMENTS INCLUDING THE GOVERNING DOCUMENTS, FINANCIAL STATEMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN BENEFICIAL INTEREST IN TRUSTS 108,570. FORM 990, PART XII, LINE 2C: AUDIT COMMITTEE HAS THE RESPONSIBILITY FOR OVERSIGHT OF FINANCIAL AUDIT.