2024-01-15T15:33:55-06:00 2021-12-31 410746749 CLIFTONLARSONALLEN LLP 1525 VALLEY CENTER PARKWAY STE 300 BETHLEHEM PA 180172285 990PF 2021-01-01 473349032 INDUSTRIAL ARCHIVES & LIBRARY INDU 6108681115 18 W FOURTH ST BETHLEHEM PA 18015 STEPHEN G DONCHES PRESIDENT 6108681115 2024-01-15 1 STEPHEN DONCHES XXX-XX-XXXX HARRY L PIETROUCHIE CPA P01623121 6104335501 2024-01-15 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z X X 19430915 X X 221 221 221 305587 305587 305587 64163 64163 41172 205767 205767 205767 0 45 45 45 575783 511575 370016 100000 0 0 100000 184621 0 0 180121 89256 0 0 88096 19165 0 0 22439 56377 0 0 53077 46176 0 0 46596 9639 0 0 3018 24427 3885 3885 8661 46931 0 8798 69720 0 0 64103 2742 0 0 2610 54 0 0 54 226558 79010 102001 146738 875666 82895 114684 715513 0 0 875666 82895 114684 715513 -299883 428680 255332 3672 708000 457284 457284 17139 26405 26405 15022134 16786457 16786457 2362189 215359 697594 2146830 2146830 116581 13939 13939 16565120 19430915 19430915 41821 41678 1400000 0 1500 41821 1443178 X 910000 940123 15613299 17047614 16523299 17987737 16565120 19430915 16523299 -299883 1764321 17987737 0 17987737 CAPITAL GAINS DIVIDENDS P 205767 205767 205767 205767 0 5959 0 5959 0 5959 6634 0 5285 0 11919 0 5960 5960 0 0 0 0 0 0 0 0 0 0 0 1 1 PA 1 1 0 0 0 1 WWW.INDUSTRIALARCHIVES.ORG INDUSTRIAL ARCHIVES & LIBRARY 6108681115 18 W FOURTH ST BETHLEHEM PA 18015 0 1 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 KENNETH R SMITH 1027 STONE STACK DRIVE BETHLEHEM PA 18015 CHAIRMAN/TRUSTEE 1.00 0 0 0 STEPHEN G DONCHES 18 W FOURTH ST BETHLEHEM PA 18015 PRESIDENT 40.00 100000 10094 0 MICHAEL M ALBARELL 1053 RESOLUTION DRIVE BETHLEHEM PA 18019 TREASURER/TRUSTEE 1.00 0 0 0 DAVID J MYERS 707 E MACADA ROAD BETHLEHEM PA 18017 SECRETARY/ASSISTANT TREASURER/TRUSTEE 1.00 0 0 0 MICHAEL KORB 626 BIRCH ROAD WAPWALLOPEN PA 18660 TRUSTEE 1.00 0 0 0 PEGGY P COOK 1043 STONE STACK DRIVE BETHLEHEM PA 18015 TRUSTEE 1.00 0 0 0 CHARLES COOK 1043 STONE STACK DRIVE BETHLEHEM PA 18015 TREASURER/TRUSTEE 1.00 0 0 0 ROBERT W BILHEIMER 18 W FOURTH STREET BETHLEHEM PA 18015 GENERAL MANAGER 40.00 72000 22119 0 NICHOLAS P ZMIJEWSKI 18 W FOURTH STREET BETHLEHEM PA 18015 ARCHIVIST 40.00 67000 8890 0 MISSY NERINO 18 W FOURTH STREET BETHLEHEM PA 18015 ARCHIVIST 40.00 45400 12077 0 0 NONE 0 INDUSTRIAL ARCHIVES & LIBRARY ("IAL") IS A NON-PROFIT 501(C)(3) PRIVATE OPERATING FOUNDATION ESTABLISHED JANUARY 1, 2015. IAL WORKS TO PRESERVE THE RECORDS OF AMERICAN INDUSTRY AND TO MAKE THOSE RECORDS AVAILABLE FOR EDUCATION AND RESEARCH TO SCHOLARS, RESEARCHERS, AND THE GENERAL PUBLIC. 715513 0 16203217 440325 0 16643542 0 0 16643542 249653 16393889 819694 X 715513 0 498073 1213586 2015-06-10 X 255332 186434 288811 207915 938492 217032 158469 245489 176728 797718 1213586 673684 672334 596173 3155777 0 0 0 0 0 1213586 673684 672334 596173 3155777 0 0 546463 466265 470249 476333 1959310 0 0 0 0 X 0 0 14 221 14 305587 531110 41172 14 205767 05 45 41172 511620 0 552792 0 0 0 0 0 0 0 0 0 0 ACCOUNTING 37777 0 0 37477 AUDIT/TAX PREPARATION 18600 0 0 15600 BUILDING - 18 W. FOURTH STREET 2015-01-01 710000 109230 SL 39.000000000000 18204 0 0 STORAGE RACKS 2015-07-01 2079 1144 SL 10.000000000000 208 0 0 STORAGE RACKS 2015-12-01 3690 1875 SL 10.000000000000 369 0 0 STORAGE RACKS 2016-02-01 3356 1651 SL 10.000000000000 336 0 0 HEPA VACUUMS 2016-02-01 4090 4090 SL 4.000000000000 0 0 0 HP WORKSTATIONS 2016-03-01 3328 3328 SL 4.000000000000 0 0 0 EPSON PRINTER 2016-05-01 3230 3230 SL 4.000000000000 0 0 0 FLAT FILE CABINET 2016-06-01 7206 3304 SL 10.000000000000 721 0 0 STORAGE SYSTEM 2016-09-01 3001 1300 SL 10.000000000000 300 0 0 GUILLOTINE PAPER TRIMMER 2017-01-01 2976 1191 SL 10.000000000000 298 0 0 STORAGE RACKS 2017-06-01 15168 5436 SL 10.000000000000 1517 0 0 SCANPRO 3000 2017-12-01 52004 16034 SL 10.000000000000 5200 0 0 PCS FO SCAN PRO 3000 2017-12-01 6153 4743 SL 4.000000000000 1410 0 0 SANTA FE CLASSIC AIR SYSTEM 2017-08-01 3675 1256 SL 10.000000000000 368 0 0 IMPROVED AIR SUPPLY SYSTEM 2017-08-01 4880 1667 SL 10.000000000000 488 0 0 FLAT FILE CABINET 2018-06-01 4781 1235 SL 10.000000000000 478 0 0 FLAT FILE CABINET 2018-06-01 3042 785 SL 10.000000000000 304 0 0 VIDEO EQUIPMENT - ORAL HISTORIES 2018-08-01 5984 2892 SL 5.000000000000 1197 0 0 FREEZER 2018-11-01 3185 691 SL 10.000000000000 319 0 0 WALL BOOKSHELF 2019-02-01 3161 579 SL 10.000000000000 316 0 0 WALL BOOKSHELF 2019-03-01 2906 509 SL 10.000000000000 291 0 0 WALL AND BASE CABINETS 2019-04-01 3798 633 SL 10.000000000000 380 0 0 WALL AND BASE CABINETS 2019-06-01 3456 519 SL 10.000000000000 346 0 0 SHELVING 2019-11-01 6562 711 SL 10.000000000000 656 0 0 FIRE EXTINGUISHERS 2020-01-01 4311 395 SL 10.000000000000 431 0 0 THINKPADS 2021-12-31 6193 SL 4.000000000000 0 0 0 LAND - IAL ALLOCATION 2021-07-31 123367 L 0 0 0 LAND - 1402 LINDEN 2021-07-31 59094 L 0 0 0 LAND - 1404 LINDEN 2021-07-31 44106 L 0 0 0 LAND - 1406 LINDEN 2021-07-31 59094 L 0 0 0 LAND - 1414 MILLARD (NET OF IAL ALLOCATION) 2021-07-31 123285 L 0 0 0 LAND - PARKING LOT 2021-07-31 14131 L 0 0 0 1414 OFFICE BUILDING - IAL 2021-07-31 374706 SL 39.000000000000 3996 0 0 1414 OFFICE BUILDING - UNRELATED 2021-07-31 374456 SL 39.000000000000 3993 0 3993 1402 LINDEN STRUCTURE 2021-07-31 115404 SL 27.500000000000 1745 0 1745 1404 LINDEN STRUCTURE 2021-07-31 125039 SL 27.500000000000 1891 0 1891 1406 LINDEN STRUCTURE 2021-07-31 72368 SL 27.500000000000 1095 0 1095 PARKING LOT - STRUCTURE 2021-07-31 4924 SL 27.500000000000 74 0 74 EXCEPTION TO SELF-DEALING FORM 990-PF, PART VI-B, LINE 1A(4) AND 1B THE ORGANIZATION HAS DETERMINED THAT IT IS NOT SUBJECT TO THE EXCISE TAX FOR SELF-DEALING FOR COMPENSATION TO A DISQUALIFIED PERSON. THE INDUSTRIAL ARCHIVES & LIBRARY COMPENSATED THE PRESIDENT FOR SERVICES PERFORMED MANAGING THE ORGANIZATION AND FULFILLING ITS CHARITABLE PURPOSE. BASED UPON A COMPARATIVE STUDY, IT ESTABLISHED A COMPENSATION LEVEL COMMENSURATE WITH THE RESPONSIBILITIES OF THE POSITION THAT WAS DEEMED TO BE REASONABLE AND NECESSARY TO CARRY OUT THE FOUNDATION'S EXEMPT PURPOSE. AMENDED RETURN EXPLANATION FORM 990-PF, ITEM G TAXPAYER'S EXTERNAL ADVISORS IDENTIFIED THAT THE ORGANIZATION HAD TAKEN PART IN SELF-DEALING TRANSACTIONS WITH A DISQUALIFIED PERSON. THE ACTIVITY RELATED TO THE RENTAL OF REAL PROPERTY BETWEEN THE ORGANIZATION AND THE DISQUALIFIED PERSON. THE SELF-DEALING REAL PROPERTY RENTAL TRANSACTIONS OCCURRED FROM TAX YEAR 2016 TO 2021. THE TAXPAYER AND DISQUALIFIED PERSON TERMINATED THE REAL PROPERTY RENTAL IN TAX YEAR 2021. THE RENT CHARGED BY THE DISQUALIFIED PERSON TO THE TAXPAYER WAS "BELOW MARKET" RENT. TAXPAYER, THE FOUNDATION MANAGERS, AND DISQUALIFIED PERSON WERE UNAWARE THAT THE RENTAL TRANSACTIONS (EVEN AT BELOW MARKET RATES) WERE A SELF-DEALING TRANSACTIONS. IN FUTURE, THE TAXPAYER WILL EMPLOY SPECIAL DILIGENCE TO ENSURE THAT ALL TRANSACTIONS WITH DISQUALIFIED PERSONS ARE COMPLIANT WITH IRS REQUIREMENTS GOVERNING PRIVATE FOUNDATIONS.PURSUANT TO TREASUREY REGULATION 53.4941(E)-1(C)(5), SELF-DEALING RENTAL TRANSACTIONS REQUIRE REPAYMENT OF RENTAL PAYMENTS IN EXCESS OF FAIR MARKET VALUE. SINCE THE RENT IN THE ABOVE TRANSACTION WAS "BELOW MARKET", NO REPAYMENT IS REQUIRED. THE CORRECTION TO THE SELF-DEALING WAS MADE THROUGH THE TERMINATION OF THE RENTAL TRANSACTION.THE RETURN IS BEING AMENDED TO UPDATE PART VI-B, QUESTION 1A(1), 1B, AND 1D. THESE QUESTIONS SHOULD NOW BE CORRECTLY MARKED AS "YES" AS THE SELF-DEALING OCCURRED AND HAD NOT BEEN CORRECTED AS OF 1/1/2021. THE SELF-DEALING WAS CORRECTED VIA TERMINATION OF THE LEASE IN 2021.FORM 4720 IS ALSO BEING FILED AND SUBMITTED SINCE THE ACTS OF SELF-DEALING HAVE OCCURRED. BOTH THE ORGANIZATION AND THE SELF-DEALER ARE FILING FORM 4720. THE SELF-DEALER WILL BE PAYING THE EXICSE TAX WITH THEIR FORM 4720.THE FOUNDATION MANAGERS ARE NOT SUBJECT TO THE TAX AS THEIR ACTIONS WERE NOT WILLFUL AND HAD REASONABLE CAUSE FOR THEIR ACTIONS. THEY WERE NOT AWARE OF THE LEASING PROHIBITION, AND THE LEASING IN QUESTION BEGAN IN MOST CASES BEFORE THE LESSOR BECAME A DISQUALIFIED PERSON. THE LEASES WERE TERMINATED EVEN BEFORE THE ISSUE WAS DISCOVERED. FIXED INCOME FMV 4107838 4107838 HEDGE FUNDS FMV 614527 614527 MUTUAL FUNDS FMV 12064092 12064092 BUILDING - 18 W. FOURTH STREET 710000 127434 582566 STORAGE RACKS 2079 1352 727 STORAGE RACKS 3690 2244 1446 STORAGE RACKS 3356 1987 1369 HEPA VACUUMS 4090 4090 0 HP WORKSTATIONS 3328 3328 0 EPSON PRINTER 3230 3230 0 FLAT FILE CABINET 7206 4025 3181 STORAGE SYSTEM 3001 1600 1401 GUILLOTINE PAPER TRIMMER 2976 1489 1487 STORAGE RACKS 15168 6953 8215 SCANPRO 3000 52004 21234 30770 PCS FO SCAN PRO 3000 6153 6153 0 SANTA FE CLASSIC AIR SYSTEM 3675 1624 2051 IMPROVED AIR SUPPLY SYSTEM 4880 2155 2725 FLAT FILE CABINET 4781 1713 3068 FLAT FILE CABINET 3042 1089 1953 VIDEO EQUIPMENT - ORAL HISTORIES 5984 4089 1895 FREEZER 3185 1010 2175 WALL BOOKSHELF 3161 895 2266 WALL BOOKSHELF 2906 800 2106 WALL AND BASE CABINETS 3798 1013 2785 WALL AND BASE CABINETS 3456 865 2591 SHELVING 6562 1367 5195 FIRE EXTINGUISHERS 4311 826 3485 THINKPADS 6193 0 6193 LAND - IAL ALLOCATION 123367 0 123367 LAND - 1402 LINDEN 59094 0 59094 LAND - 1404 LINDEN 44106 0 44106 LAND - 1406 LINDEN 59094 0 59094 LAND - 1414 MILLARD (NET OF IAL ALLOCATION) 123285 0 123285 LAND - PARKING LOT 14131 0 14131 1414 OFFICE BUILDING - IAL 374706 3996 370710 1414 OFFICE BUILDING - UNRELATED 374456 3993 370463 1402 LINDEN STRUCTURE 115404 1745 113659 1404 LINDEN STRUCTURE 125039 1891 123148 1406 LINDEN STRUCTURE 72368 1095 71273 PARKING LOT - STRUCTURE 4924 74 4850 LEGAL 19165 0 0 22439 DIVIDENDS RECEIVABLE 10740 13939 13939 PROPERTY ACQUISITION DEPOSIT 105841 0 0 INVESTMENT FEES 79010 79010 79010 0 OFFICE EQUIPMENT - NON-CAPITAL 1116 0 0 1116 EQUIPMENT RENTAL 31075 0 0 29971 OFFICE EXPENSE 12722 0 0 12554 BOOKS, SUBSCRIPTIONS, REFERENCE MATERIALS 1368 0 0 1368 POSTAGE 2138 0 0 2169 SUPPLIES 6082 0 0 3221 MEMBERSHIPS/LICENSE FEES 1333 0 0 1333 INSURANCE 14476 0 0 12935 PAYROLL FEES 1415 0 0 1415 ARCHIVAL MATERIALS CONSERVATION 35074 0 0 34966 TRANSCRIPTION SERVICES 105 0 0 105 SOFTWARE 10460 0 0 10460 BUSINESS PRIVILEGE TAX 50 0 0 50 WEBSITE 62 0 0 62 ONLINE LIBRARY ACCESS (OCLC) 23830 0 0 28771 TEMPORARY ARCHIVE STORAGE 3563 0 0 3563 PURCHASED COLLECTIONS 55 0 0 55 ARTIFACT RELOCATION 574 0 0 574 SPONSORSHIPS 2000 0 0 2000 BANK FEES 50 0 0 50 RENTAL EXPENSES -22991 -22991 0 0 RENTAL EXPENSES 22991 22991 22991 0 UNREALIZED LOSS ON INVESTMENTS 1764321 SECURITY DEPOSITS 0 1500 ARCHIVAL SERVICES 43640 0 0 44060 OTHER PROFESSIONAL SERVICES 2536 0 0 2536 INVESTMENT INCOME TAX 6000 0 0 580 FOREIGN TAX EXPENSE 0 3885 3885 0 UNRELATED BUSINESS INCOME TAX 5600 0 0 0 REAL ESTATE TAXES 12827 0 0 8081