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Nonprofit · EIN 57-0314372

CHARLESTON LIBRARY SOCIETY

Tax-exempt · CHARLESTON, SC 29401

Financials

$2.4M$1.9M2023$2.5M$2.2M2024
Revenue Expenses · by fiscal year end
Financials of CHARLESTON LIBRARY SOCIETY by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$2,496,320$2,155,557$340,763$15,012,678$42,067$14,970,611
December 31, 2023990$2,362,251$1,926,729$435,522$14,258,451$31,170$14,227,281
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$1,518,383
of which government grants
$7,900
Membership dues
$798,707
Program service revenue
$241,060
Investment income
$591,508
Net rental income
$87,943
Net gain from sales of assets
$309,012
Net income from fundraising events
$48,797
Other revenue
$145,369

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$197,970
Other salaries and wages
$646,752
Salaries, compensation and benefits (total)
$1,000,119
Professional fundraising fees
$0
Accounting fees
$16,148
Occupancy
$198,556
Travel
$13,980
Depreciation
$290,460
Program services (functional)
$1,889,882
Management and general (functional)
$182,890
Fundraising (functional)
$82,785

Balance sheet and other

Total assets, start of year
$14,258,451
Total assets, end of year
$15,012,678
Total liabilities, end of year
$42,067
Net assets, end of year
$14,970,611
Land, buildings and equipment
$5,221,856
Publicly traded securities
$7,116,130
Net assets without donor restrictions
$12,006,870
Net assets with donor restrictions
$2,963,741
Gross receipts
$4,844,180
Employees
26
Volunteers
50
Year formed
1987
State of legal domicile
SC

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
Laura PelzerExecutive Director
Officer
55$197,970$25,200
Jack D McSpadden JrPresident
Trustee or director, Officer
10$0$0
Diana HambletonVice President
Trustee or director, Officer
10$0$0
Michael D ReynoldsTreasurer
Trustee or director, Officer
6$0$0
Gina StoufferSecretary
Trustee or director, Officer
6$0$0
Anne P KeigherExecutive Committee
Trustee or director
6$0$0
Ann M AuburnDirector
Trustee or director
2$0$0
Stevenson B BennettDirector
Trustee or director
2$0$0
James W BradshawDirector
Trustee or director
2$0$0
Susan DiCamilloDirector
Trustee or director
2$0$0
Samuel L EasleyDirector
Trustee or director
2$0$0
Deborah C FisherDirector
Trustee or director
2$0$0
Chevon C HerbertDirector
Trustee or director
2$0$0
John A HillDirector
Trustee or director
2$0$0
Lewis S Kunkel IIIDirector
Trustee or director
2$0$0
10 more people on this return
NameTitleHours / weekCompensation
Emily-Elise MartinDirector
Trustee or director
2$0
Jerrold MitchellDirector
Trustee or director
2$0
Lee PringleDirector
Trustee or director
2$0
M Edward SellersDirector
Trustee or director
2$0
Andrew R TewDirector
Trustee or director
2$0
James O TreyzDirector
Trustee or director
2$0
Elisa B von MarschallDirector
Trustee or director
2$0
Wendy C H WellinDirector
Trustee or director
2$0
Carl A WiseDirector
Trustee or director
2$0
James C Mabry IVDirector
Trustee or director
2$0
990 for the year ended December 31, 2023: 24 people
NameTitleHours / weekCompensation
LAURA PELZEREXECUTIVE DI
Officer
55$169,656
JACK D MCSPADDEN JRPRESIDENT
Trustee or director, Officer
10$0
DIANA HAMBLETONVICE PRESIDE
Trustee or director, Officer
10$0
MICHAEL D REYNOLDSTREASURER
Trustee or director, Officer
6$0
GINA STOUFFERSECRETARY
Trustee or director, Officer
6$0
ANN M AUBURNDIRECTOR
Trustee or director
6$0
STEVENSON B BENNETTDIRECTOR
Trustee or director
6$0
JAMES W BRADSHAWDIRECTOR
Trustee or director
2$0
SUSAN DICAMILLODIRECTOR
Trustee or director
2$0
SAMUEL L EASLEYDIRECTOR
Trustee or director
6$0
DEBORAH C FISHERDIRECTOR
Trustee or director
2$0
CHEVON C HERBERTDIRECTOR
Trustee or director
2$0
JOHN A HILLDIRECTOR
Trustee or director
2$0
ANNE P KEIGHERDIRECTOR
Trustee or director
2$0
LEWIS S KUNKEL IIIDIRECTOR
Trustee or director
2$0
EMILY-ELISE MARTINDIRECTOR
Trustee or director
2$0
JERROLD MITCHELLDIRECTOR
Trustee or director
2$0
LEE PRINGLEDIRECTOR
Trustee or director
2$0
M EDWARD SELLERSDIRECTOR
Trustee or director
2$0
ANDREW R TEWDIRECTOR
Trustee or director
2$0
JAMES O TREYZDIRECTOR
Trustee or director
2$0
ELISA B VON MARSCHALLDIRECTOR
Trustee or director
6$0
WENDY C H WELLINDIRECTOR
Trustee or director
2$0
CARL A WISEDIRECTOR
Trustee or director
2$0

Address and contacts

Address (IRS master file)
164 KING ST, CHARLESTON, SC 29401-2212
In care of
% TRUST DEPT
Principal officer (990 for 2024)
Laura K Pelzer, 164 King Street, Charleston, SC 29401
Signed the 990
James O Treyz, Treasurer
Phone
(843) 723-9912
Return prepared by
Glaser and Company LLC

Mission

Our mission is to: Providing educational opportunities for all ages children through adults; Conserving, preserving, exhibiting and expanding its collections; Using technology to improve access to and understanding of the Librarys collections; (Continued on Schedule O) Offering lectures and programs on common literary and historical interests; Collaborating with other cultural institutions on subjects of common interest; Providing a literary and historical archival center for scholars, researchers and students; and Providing programs that offer life-long learning opportunities to the community.

990 for the year ended December 31, 2024

Program accomplishments

  • The Charleston Library Society is a cultural institution for life-long learning, serving its members, the Lowcountry community and scholars through access to its rich collection of books, historic manuscripts and archival material and programs promoting discussion and understanding of the ideas they contain. The collections of the Library Society stretch from the 15th century to the modern-day and include materials from around the world. The Society paved the way for the founding of the College of Charleston in 1770 and provided the core collection of natural history artifacts for the founding of the Charleston Museum (the first in America) in 1773.(Continued on Schedule O) Between 1748 and 1914 when the Library Society settled into its current location, the collection was migratory, moving from place to place for safe-keepingpersonal homes to the upstairs of the Gabriel Manigault liquor warehouse to the County Courthouse. 164 King Street was the first building to house the collections that was designed and built for the Society. Here, in this new building, members like DuBose Heyward, John Bennett, Beatrice Witte Ravenel, Albert Simons, Josephine Pinckney, and many others, studied and read and wrote, diligently weaving the cultural fabric of 20th-century Charleston. The LibraryThe Charleston Library Society offers an impressive circulating collection of fiction and non-fiction ranging across biography, mystery, South Carolina history and geography, Southern literature and expansive reference materials. Curation of the collection is ongoing, and ensures edited acquisition of the most popular new releases and books of importance in addition to a host of audio and E-books, periodicals, movies/DVDs and a robust offering for children and young adults. When on-site, members may choose to explore collections using the physical or online card catalogs, as well as inquire with the Circulation Desk for insight and recommendations. As the library continues to grow in resources and its collections, there are more and more opportunities for sharing the wealth of knowledge and historical treasures that can be found within the walls. The CLS LibGuides (Library Guides) are a great place to start when curious to learn more about how to use the library and all that is available. These guides offer everything from special tools and aids specific to archives and focused content, as well as how to reserve electronic or traditional books and general maps to the organization of the stacks here at 164 King. Peruse, enjoy and ask questions our incredible librarians are here to help. Reading tables and workspaces are located throughout the library for members use and enjoyment on a first-come basis with the exception of the conference room which may be reserved in advance by calling the circulation desk. Researchers are welcome to use our collections during the Librarys open hours, but advance notice is requested. Visit Special Collections to learn more about formal Research Services for members and non-members. Young readers have always been a special focus for the Library Society. From bi-weekly Story Time hour to a 500-volume young adult collection, families can enjoy regular access to the most acclaimed titles for all ages. The Rabbit Hole, with murals inspired by DuBose Heywards beloved childrens book, The Country Bunny, provides a charming, old-fashioned library setting for exploring books and games, hosting birthday parties, or relaxed family fun. Programming Each year, the Charleston Library Society hosts over 200 events ranging from author lectures and concerts to book clubs, childrens programs, and galas. The founding members were an intellectually curious and culturally productive group and their desire to be at the heart of discussions about important issues is a trait that not only continues to resonate with our members today, but also provides the foundation for program development and enrichment. Renowned guests and speakers have included: David McCullough, Scott Turow, Dorothea Benton Frank, John Grisham, Lord Julian Fellowes, Jon Meacham, Darla Moore, Mayor Joe Riley, John Avlon, violin virtuoso Maestro Matteo Fedeli, Bernard Cornwell, Justice Sandra Day OConnor, jazz musician and vocalist, Ann Caldwell, Matt Diffee, Life-Long Learning classes with Penn Hagood, Steve Gavel, & Barbara Horlbeck, The Charleston Symphony Orchestra, Emile Pandolfi, local artist, Jonathan Green, Axelrod Research Curator of Ichthyology at the American Museum of Natural History, Melanie Stiassny, Chamber Music Charleston, and the recipient of the 2023 Founders Award, David Rubenstein. Storytime in the Rabbit Hole Sign up your littles for our Storytimes in the Rabbit Hole! Join our Childrens Librarian, Tori, each week in and hour of educationally themed time that will engage your child in diverse reading, learning activities and book-related crafts! Themes will change weekly. Workshops As a cultural institution for lifelong learning, the Charleston Library Society continues to offer workshops and classes on conservation, bookbinding, and paper-making in our Bindery. Our staff strives to curate hands-on programming for our intellectually curious membership. Special Collections From colonial-era letters to literary manuscripts and Audubon folios, the Library Societys expansive Special Collections house some of the Lowcountrys greatest cultural treasures. Our rare books and archives provide unique insight into Charlestons past as one of Americas earliest urban settings. The materials housed in the Library Societys Special Collections consist of more than 20,000 rare books, pamphlets, maps and plats, along with our notable manuscript and early American newspaper collections. Among the treasures are correspondence from George Washington and Alexander Hamilton, Dubose Heywards manuscripts for Porgy, and the jaw-dropping illustrated volumes of Pierre-Joseph Redout. A generous grant from the Bernard and Judy Cornwell Foundation enabled the Library Society to develop digitization as an additional layer of sharing its own Special Collections. Rare books and manuscripts require specialized scanners for safe digitization, and the library now owns the equipment necessary for preserving its vast collections in perpetuity. In conjunction, the Library Society continues its partnership with Lowcountry Digital Library where the broader Charleston community can access the Charleston City Directories as well as other manuscripts and archival documents tied to the history of the Lowcountry. The Librarys archives, vaults and special collections exist for the benefit of members and non-members for any and all research needs (subject, of course, to any specific parameters in place to protect and preserve historic materials). Researchers are invited to work with our staff on any project, large or small, and we welcome the partnership. Advance 24 hour notice is encouraged, so that we are prepared to assist with materials and direction for your project. Daily passes are available to non-members with the completion of some basic information. Please call or email to connect with one of our Research Librarians. Bindery and Conservation We are the modern caretakers of a collection assembled in response to the intellectual pursuits and borrowing needs of CLS members since 1748. Remarkably, through the triumphs and turmoil of time and history, our institution and its collections have survived. The items that comprise our special and circulating collections are individual time capsules. Acquisitions are the driving force in building a collection and meticulous editing allows us to expand with the present times, preserve the past and retire others. Whether through purchase or donation, the last 100 years of acquisitions have placed a myriad of first editions and earliest printings of novels on our shelves. While this Legacy Collection will not circulate, our members have access to treasures that are beyond a dollar value. Without conservation and preservation, the treasures and antiques of the collection are at risk of deterioration. Should you desire to leave your legacy within the walls of the Library Society, or honor another there are ample opportunities for named conservation. Through the Jerrold and Ann Mitchell Conservation Lab, the Charleston Library Society has the tools for proper care and repair of our historical treasures. Work closely with our special collections librarian to save a piece of living history for the future.
    Expenses $1,889,882 · revenue $260,594

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
57-0314372
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1941
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$15,012,678
Income (IRS master file)
$4,844,180

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$2,496,320$2,155,557$15,012,678XML
990December 2023$2,362,251$1,926,729$14,258,451XML
990December 2022$1,787,905$2,001,783$13,337,092IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 57-0314372).

Questions about CHARLESTON LIBRARY SOCIETY

What is the EIN of CHARLESTON LIBRARY SOCIETY?
The employer identification number (EIN) of CHARLESTON LIBRARY SOCIETY is 57-0314372.
Is CHARLESTON LIBRARY SOCIETY tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1941.
Are donations to CHARLESTON LIBRARY SOCIETY tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does CHARLESTON LIBRARY SOCIETY file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of CHARLESTON LIBRARY SOCIETY due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did CHARLESTON LIBRARY SOCIETY last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of CHARLESTON LIBRARY SOCIETY?
The 990 for the year ended December 31, 2024 names Laura K Pelzer.
Who are the officers and directors of CHARLESTON LIBRARY SOCIETY?
The 990 for the year ended December 31, 2024 lists 25 people; 1 received compensation from the organization, the highest $197,970 (Laura Pelzer, Executive Director).
How much revenue does CHARLESTON LIBRARY SOCIETY have?
On its 990 for the year ended December 31, 2024 it reported revenue of $2,496,320, expenses of $2,155,557 and total assets of $15,012,678 at year end.

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