2025-09-17T14:24:15-05:00 2024-12-31 221914888 NISIVOCCIA LLP 200 VALLEY RD SUITE 300 MT ARLINGTON NJ 07856 990 2024-01-01 223505418 MADISON PUBLIC LIBRARY INC MADI 9733770722 39 KEEP STREET MADISON NJ 07940 THOMAS BINTINGER CHAIRMAN 9733770722 2025-09-16 1 0 GLENN SCHWIER CPA JD P01306710 9733281825 2025-09-16 2024 2025-03-06 01:10:19Z THOMAS BINTINGER 39 KEEP STREET MADISON NJ 07940 1112220 0 X N/A X 1997 NJ SUPPORT OF MADISON FREE PUBLIC LIBRARY. 10 10 0 11 0 0 11000 765022 0 0 274003 1981 0 0 285003 767003 196021 861415 0 0 0 0 0 0 0 34042 36145 230063 897560 54940 -130557 7537550 8232452 7500 7500 7530050 8224952 TO PROVIDE SUPPORT TO THE FREE PUBLIC LIBRARY OF THE BOROUGH OF MADISON. 0 0 861415 861415 SUPPORT AND MAINTENANCE OF THE FREE PUBLIC LIBRARY OF THE BOROUGH OF MADISON, A TAX EXEMPT ENTITY. 861415 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NJ X MARILYN FAVREAU 9733770722 39 KEEP STREET MADISON NJ 079402698 X MARILYN FAVREAU LIBRARY DIRECTOR 0.10 X X 0 0 0 THOMAS P BINTINGER CHAIRMAN 0.30 X X 0 0 0 KATE BARTLEY TRUSTEE 0.30 X X 0 0 0 DAVID LUBER TREASURER 0.30 X X 0 0 0 JOANNE MCCARTHY TRUSTEE 0.30 X X 0 0 0 JOSEPH RIOPEL PRESIDENT 0.30 X 0 0 0 MARY BETH HANSBURY SECRETARY 0.30 X 0 0 0 CHRISTINE S BOYLE TRUSTEE 0.30 X 0 0 0 CHRISTOPHER PARADISO TRUSTEE 0.30 X 0 0 0 MAUREEN BYRNE MAYOR'S DESIGNEE 0.30 X 0 0 0 0 0 0 0 0 0 0 0 765022 765022 205783 205783 141415 345217 -203802 -203802 -203802 767003 0 0 1981 861415 861415 4675 4675 30000 30000 1379 1379 MANAGEMENT EXPENSES 91 91 897560 861415 36145 0 92393 107901 7445157 8124551 7537550 8232452 7500 7500 7500 7500 X 3160863 3608029 4369187 4616923 7530050 8224952 7537550 8232452 -130557 825459 0 X X 0 1 X 1 0 X X 1 FREE PUBLIC LIBRARY OF THE BOROUGH OF MADISON 226002052 6 1 861415 0 1 861415 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5606034 644336 191056 6145 6053169 4962438 846238 196021 6621 5606034 6209652 -1023912 216016 7286 4962438 5757709 662918 185002 25973 6209652 5262857 500 683094 170000 18742 5757709 0.59605 0.40394 0.00000 0 0 0 X 1592462 825459 825459 767003 0 767003 897560 0 897560 0 897560 PART X, LINE 2: THE CORPORATION IS A NOT-FOR-PROFIT CORPORATION AS DESCRIBED IN SECTION 501(C) (3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501 (A) OF THE CODE. THE CORPORATION IS ALSO EXEMPT UNDER TITLE 15 OF THE STATE OF NEW JERSEY CORPORATIONS AND ASSOCIATIONS NOT FOR PROFIT ACT. ACCORDINGLY, NO PROVISION FOR FEDERAL OR STATE INCOME TAXES HAS BEEN PRESENTED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE CORPORATION FOLLOWS THE PROVISIONS OF FASB ASC, INCOME TAXES. THE STANDARD PRESCRIBES A MINIMUM RECOGNITION THRESHOLD AND MEASUREMENT METHODOLOGY THAT A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN IS REQUIRED TO MEET BEFORE BEING RECOGNIZED IN THE FINANCIAL STATEMENTS. IT ALSO PROVIDES GUIDANCE FOR DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE, AND TRANSITION AS THEY RELATE TO THOSE TAX POSITIONS. THE CORPORATION DOES NOT EXPECT A SIGNIFICANT INCREASE OR DECREASE TO THE TOTAL AMOUNTS OF UNRECOGNIZED TAX POSITIONS DURING THE YEARS ENDED DECEMBER 31, 2024 AND 2023. HOWEVER, THE CORPORATION IS SUBJECT TO REGULAR AUDIT BY TAX AUTHORITIES. THE CORPORATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR THE POSITIONS TAKEN ON ITS TAX RETURNS. NONETHELESS, THE AMOUNTS ULTIMATELY PAID, IF ANY, UPON RESOLUTION OF THE ISSUES RAISED BY THE TAXING AUTHORITIES MAY DIFFER MATERIALLY FROM THE AMOUNTS ACCRUED FOR EACH YEAR. AS REQUIRED BY LAW, THE CORPORATION FILES INFORMATIONAL RETURNS WITH BOTH THE FEDERAL AND NEW JERSEY STATE GOVERNMENTS ON AN ANNUAL BASIS FORM 990 WITH THE INTERNAL REVENUE SERVICE, AND FORM CRI-300R WITH THE STATE. THESE RETURNS ARE SUBJECT TO EXAMINATION BY THESE AUTHORITIES WITHIN CERTAIN STATUTORILY DEFINED PERIODS FOR BOTH THE FEDERAL AND STATE OF NEW JERSEY. FORM 990 SCHEDULE D PART V LINE 4: THE SUPPORT OF THE ORGANIZATION'S ENDOWMENT FUNDS IS FOR THE SUPPORT OF THE FREE PUBLIC LIBRARY OF THE BOROUGH OF MADISON. 0 THE FREE PUBLIC LIBRARY OF THE BOROUGH OF MADISON 226002052 170(B)(1)(A)(V) 861415 0 SUPPORT OF THE FREE PUBLIC LIBRARY OF THE BOROUGH OF MADISON. 1 0 FORM 990, PART VI, SECTION B, LINE 11B MADISON PUBLIC LIBRARY, INC. HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. WHEN THE FORM 990 HAS BEEN PREPARED, REVIEWED BY MANAGEMENT AND IS READY TO BE FILED WITH THE INTERNAL REVENUE SERVICE, IT IS PROVIDED TO THE MEMBERS OF THE ORGANIZATION'S GOVERNING BODY FOR ANY COMMENTS PRIOR TO ITS SUBMISSION. THE GOVERNING BODY IS PROVIDED WITH A REASONABLE AMOUNT OF TIME TO REVIEW THE FORM 990. ANY COMMENTS ARE THEN GROUPED, SUMMARIZED AND PROVIDED THROUGH MANAGEMENT TO THE OUTSIDE ACCOUNTING FIRM. ANY APPLICABLE ISSUES ARE ADDRESSED UNTIL THE RETURN IS FINALIZED AND APPROVED FOR FILING. FORM 990, PART VI, SECTION B, LINE 12C MADISON PUBLIC LIBRARY, INC. CURRENTLY HAS IN PLACE A CONFLICT OF INTEREST POLICY WHICH IT REGULARLY MONITORS AND ENFORCES. THE BOARD MANDATES THAT ALL MEMBERS OF MANAGEMENT AND THE GOVERNING BODY ANNUALLY SIGN A CONFLICT OF INTEREST POLICY AND DISCLOSE ANY POTENTIAL OR ACTUAL CONFLICTS THAT MAY EXIST. IF A POTENTIAL OR ACTUAL CONFLICT OF INTEREST EXISTS, GOVERNING BODY AND MANAGEMENT WILL INVESTIGATE THE ISSUE. IF A CONFLICT OF INTEREST IS DETERMINED TO EXIST MANAGEMENT AND THE GOVERNING BODY WILL BE NOTIFIED IMMEDIATELY. THE MEMBER WILL NOT BE ALLOWED TO VOTE OR BE A PART OF ANY DECISIONS ABOUT ANY SUCH TRANSACTIONS THAT HAVE TO DO WITH THE CONFLICT UNTIL SUCH TIME THAT THERE IS NO LONGER A CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 MADISON PUBLIC LIBRARY, INC. DOES NOT COMPENSATE ANY MEMBERS OF THE BOARD OR KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 MADISON PUBLIC LIBRARY, INC. MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE UPON WRITTEN REQUEST AT THE ORGANIZATIONS OFFICE AT 39 KEEP STREET MADISON, NJ 07940. IN ADDITION FORM 1023 AS WELL AS THE FINANCIAL STATEMENTS, AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON WRITTEN REQUEST AT THE ORGANIZATIONS OFFICE AT 39 KEEP STREET MADISON, NJ 07940. FORM 990, PART XII, LINE 2C MADISON PUBLIC LIBRARY, INC. HAS ESTABLISHED A BOARD OF TRUSTEES TO OVERSEE THE AUDIT PROCESS AND TO ENGAGE INDEPENDENT AUDITORS ON AN ANNUAL BASIS. THE FREE PUBLIC LIBRARY OF THE BOROUGH OF MADISON 39 KEEP STREET MADISON NJ 07940 226002052 PUBLIC LIBRARY NJ MUNICIPAL GOVERNMENT NO 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 THE FREE PUBLIC LIBRARY OF THE BOROUGH OF MADISON B 861415