2025-01-22T11:23:30-06:00 2024-06-30 043037870 BOLLUS LYNCH LLP 89 SHREWSBURY STREET WORCESTER MA 01604 990 2023-07-01 200066770 WORCESTER PUBLIC LIBRARY FOUNDATION WORC 5087991656 3 SALEM SQUARE WORCESTER MA 01608 WILLIAM TARZIA TREASURER 5087991656 2025-01-22 1 0 BARBARA E KING P00005629 5087557107 2024-12-20 2023 2024-10-15 13:58:12Z CHRISTINE MURRAY 3 SALEM SQUARE WORCESTER MA 01608 408464 0 X WWW.WPLFOUNDATION.ORG X 2003 MA TO FOSTER AND PROMOTE THE PUBLIC VISIBILITY OF THE WORCESTER PUBLIC LIBRARY, ALL ITS FACILITIES AND SERVICES; TO BUILD AN ENDOWMENT BY STIMULATING AND ENCOURAGING CONTRIBUTIONS TO THE LIBRARY ESPECIALLY THROUGH GIFTS, GRANTS, AND BEQUESTS; TO FUND SPECIAL AND CAPITAL PROJECTS; TO SOLICIT, COLLECT, RECEIVE, AND ADMINISTER FUNDS EXCLUSIVELY TO BENEFIT THE LIBRARY. 21 20 2 21 0 0 289082 274459 0 0 43151 89130 24253 6677 356486 370266 38461 139909 0 0 129023 133636 0 0 75137 44290 41216 211774 314761 144712 55505 2125432 2252330 1828 1828 2123604 2250502 THE FOUNDATION'S MISSION IS TO ENHANCE THE PUBLIC VISIBILITY AND TO RAISE PUBLIC AND PRIVATE FUNDS TO ENSURE THE CONTINUING VITALITY OF THE WORCESTER PUBLIC LIBRARY. 0 0 193627 139909 TO ENHANCE THE RESOURCES AND SERVICES OF THE WORCESTER PUBLIC LIBRARY THROUGH FUNDRAISING OF RESTRICTED PROJECTS FOR LIBRARY ENHANCEMENTS AND FOR RESTRICTED SUPPORT OF FOUNDATION OPERATIONS. INCLUDING ADVANCEMENT OF THE LIBRARY TO VARIOUS SCHOOLS IN THE CITY VIA BOOKMOBILE AND LEARNING CENTERS AND IMPROVMENTS AT THE SCHOOLS. 193627 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 2 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 X 21 20 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 1 1 0 0 MA X CHRISTINE MURRAY 5087991656 3 SALEM SQUARE WORCESTER MA 01608 VIVIANA M ABREU-HERNANDEZ PHD TRUSTEE 2.00 X 0 0 0 ANNE LANG TRUSTEE 2.00 X 0 0 0 DORYL ROURKE TRUSTEE 2.00 X 0 0 0 LISA MALO TRUSTEE 2.00 X 0 0 0 KERRY MULCAHY TRUSTEE 2.00 X 0 0 0 DOMENICA PERRONE TRUSTEE 2.00 X 0 0 0 MATTHEW FOSTER TRUSTEE 2.00 X 0 0 0 DIANE GIAMPA TRUSTEE 2.00 X 0 0 0 WILLIAM TARZIA TRUSTEE 2.00 X 0 0 0 TONY ECONOMOU TRUSTEE 2.00 X 0 0 0 MATT TILLO TRUSTEE 2.00 X 0 0 0 MATTHEW IRISH PRESIDENT 2.00 X X 0 0 0 DR DEBORAH L GONZALEZ TRUSTEE 2.00 X 0 0 0 ANISSA ZABRISKIE TRUSTEE 2.00 X 0 0 0 ERIN HARPER TRUSTEE 2.00 X 0 0 0 SUE HUNT VICE PRESIDENT 2.00 X X 0 0 0 ALAN RITACCO TREASURER 2.00 X X 0 0 0 TAYLOR NUNEZ MURRAY TRUSTEE 2.00 X 0 0 0 EURAYSHIA WILLIAMS REED TRUSTEE 2.00 X 0 0 0 JOE BRADLEE TRUSTEE 2.00 X 0 0 0 CHRISTINE M MURRAY EXECUTIVE DIRECTOR/CLERK 37.00 X 90124 0 10833 90124 0 10833 0 0 0 0 0 51500 60000 162959 274459 89130 89130 44875 51500 38198 6677 6677 370266 0 0 95807 139909 139909 90124 45062 18025 27037 23818 23818 10833 4284 1714 4835 8861 3504 1402 3955 8800 8800 2631 2631 1135 449 179 507 1975 1975 3367 3367 2078 2078 3206 3206 PRINTING 8274 8274 MISCELLANEOUS 3128 419 429 2280 REPAIRS AND MAINTENANCE 2439 2439 BANK FEES 1746 1746 2437 1373 1064 314761 193627 45997 75137 1559118 1567552 16701 9803 11719 11719 0 0 231961 258348 317652 416627 2125432 2252330 1828 1828 1828 1828 X 695394 761345 1428210 1489157 2123604 2250502 2125432 2252330 55505 71393 0 X 1 X 0 1 0 X X X 1 WORCESTER PUBLIC LIBRARY 046001418 6 1 139909 0 1 139909 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 38461 139909 0 0 -38461 -139909 232094 245155 1442244 1562390 0 0 1674338 1807545 0 0 0 1674338 1807545 25115 27113 1649223 1780432 57723 62315 0 0 57723 62315 -38461 -32692 57723 57723 0 57723 139909 0 0 0 0 0 139909 139909 57723 100.000000000000 57723 0 17523 2020097 1023031 149100 38461 3248212 0 57723 0 3190489 139909 0 139909 0 0 3330398 1979897 1023031 149100 38461 139909 PART IV, SECTION A, QUESTION 2 THE ORGANIZATION SUPPORTS A PUBLIC LIBRARY THAT IS OPERATED BY THE CITY OF WORCESTER. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 317652 57500 53865 12390 416627 284930 15000 30392 12670 317652 328249 5500 -48819 284930 300000 28249 328249 1.00000 0 0 11719 11719 0 0 BENEFICIAL INTEREST IN ASSETS HELD BY COMMUNITY FOUNDATION 416627 F 416627 477226 71393 38198 109591 367635 2631 2631 370266 350328 38198 38198 312130 2631 2631 314761 PART V, LINE 4: THE FOUNDATION'S ENDOWMENT CONSISTS OF BOTH INDIVIDUAL DONOR RESTRICTED FUNDS AND FUNDS DESIGNATED BY THE BOARD OF DIRECTORS TO FUNCTION AS ENDOWMENTS. AS REQUIRED BY GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS, INCLUDING FUNDS DESIGNATED BY THE BOARD TO FUNCTION AS ENDOWMENTS, ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED OR LEGAL RESTRICTIONS. ENDOWMENT FUNDS INCLUDE INVESTED GIFTS AND CASH. AS REQUIRED BY GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, THE FOUNDATION CLASSIFIES AS DONOR RESTRICTED NET ASSETS (A) THE ORIGINAL VALUE OF GIFTS DONATED TO THE PERMANENT ENDOWMENT, (B) THE ORIGINAL VALUE OF SUBSEQUENT GIFTS TO THE PERMANENT ENDOWMENT, AND (C) ACCUMULATIONS TO THE PERMANENT ENDOWMENT MADE IN ACCORDANCE WITH THE DIRECTION OF THE APPLICABLE DONOR GIFT INSTRUMENT AT THE TIME THE ACCUMULATION IS ADDED TO THE FUND. THE REMAINING PORTION OF THE DONOR-RESTRICTED ENDOWMENT FUND THAT IS NOT CLASSIFIED AS NON-EXPENDABLE NET ASSETS IS CLASSIFIED AS EXPENDABLE NET ASSETS UNTIL THOSE AMOUNTS ARE APPROPRIATED FOR EXPENDITURE BY THE FOUNDATION IN A MANNER CONSISTENT WITH THE STANDARD OF PRUDENCE PRESCRIBED BY STATE LAW. IN ACCORDANCE WITH THE UNIFORM PRUDENT MANAGEMENT OF INSTITUTIONAL FUNDS ACT, THE FOUNDATION MAY CONSIDER THE FOLLOWING FACTORS IN MAKING A DETERMINATION TO APPROPRIATE OR ACCUMULATE DONOR-RESTRICTED ENDOWMENT FUNDS: THE DURATION AND PRESERVATION OF THE FUND; THE PURPOSES OF THE FOUNDATION AND THE DONOR-RESTRICTED ENDOWMENT FUND; GENERAL ECONOMIC CONDITIONS; THE POSSIBLE EFFECT OF INFLATION AND DEFLATION; THE EXPECTED TOTAL RETURN FROM INCOME AND THE APPRECIATION OF INVESTMENTS; OTHER RESOURCES OF THE FOUNDATION; AND THE INVESTMENT POLICIES OF THE FOUNDATION. THE FOUNDATION HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ITS ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING FOR ITS PROGRAMS WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. UNDER THIS POLICY, AS APPROVED BY THE BOARD, THE ENDOWMENT ASSETS ARE INVESTED IN SUCH A MANNER THAT THE INVESTMENTS WILL PROVIDE A SPENDABLE RETURN CONSISTENT WITH A LONG-TERM GOAL OF PRESERVING THE FUNDS IN REAL TERMS. ACTUAL RETURNS IN ANY GIVEN YEAR MAY VARY FROM THIS AMOUNT. FROM TIME TO TIME, THE FAIR VALUE OF ASSETS ASSOCIATED WITH INDIVIDUAL DONOR-RESTRICTED ENDOWMENT FUNDS MAY FALL BELOW THE LEVEL THAT THE DONOR IMPOSED RESTRICTIONS REQUIRE THE FOUNDATION TO RETAIN AS A FUND OF PERPETUAL DURATION. THERE WERE NO FUNDS UNDERWATER AS OF JUNE 30, 2024. AS OF JUNE 30, 2023, FUNDS WITH AN ORIGINAL GIFT VALUE OF $320,500 WERE UNDERWATER BY $2,848. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE - DIRECT EXPENSE 38,198. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE - DIRECT EXPENSE 38,198. CELEBRATION OF AUTHORS 70032 41368 28664 32652 MINI GOLF 26343 10132 16211 5546 96375 51500 44875 38198 38198 6677 0 WORCESTER PUBLIC LIBRARY 3 SALEM SQUARE WORCESTER MA 01608 046001418 139909 0 PROGRAM GRANT FORM 990, PART VI, SECTION B, LINE 11B FORM 990 WILL BE REVIEWED BY THE FOUNDATION'S EXECUTIVE DIRECTOR AND A MEMBER OF THE EXECUTIVE BOARD BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION FOR THE EXECUTIVE DIRECTOR IS DETERMINED BY A COMMITTEE OF TRUSTEES, INCLUDING A WRITTEN PERFORMANCE REVIEW AND EVALUATION. FORM 990, PART VI, SECTION C, LINE 19 COPIES OF THESE DOCUMENTS ARE PROVIDED UPON REQUEST.