2016 Audited schedule of changes in net assets

Association Record


2016 Audited schedule of changes in net assets


Ray Naegele
doi: http://dx.doi.org/10.5195/jmla.2017.340

The table below summarizes the association’s financial status as of December 31, 2016. For a more complete audit report and related information, see the 2015/16 MLA Annual Report (members only). This report includes balance sheets, fund status reports, budgeted and actual revenues and expenditures, and a schedule of investments. Members may obtain a copy of the audit report from MLA headquarters.

Table 1 Medical Library Association schedule of changes in net assets by fund year ended December 31, 2016

  Net assets January 1, 2016 Contributions and other revenue Invest-ment income Net assets released from restrictions Expenses Net assets December 31, 2016
Unrestricted net assets            
General operating ($223,468) $2,763,212 ($2,748,542) ($208,798)
Other funds:            
Association stabilization $1,448,483 $83,893 $1,532,376
Capital equipment $2,228 $2,228
Special purpose $33,096 $128,983 ($128,983) $33,096
Sections $364,336 $49,299 ($132,572) $281,063
Total unrestricted net assets $1,815,047 $82,395 $83,893 $128,983 ($261,555) $1,848,763
             
Temporarily restricted net assets            
Ysabel Bertolucci MLA Annual Meeting Grant Endowment ($554) $1,604 ($1,000) $50
Estelle Brodman Award for the Academic Medical Librarian of the Year Endowment $39,834 $1,746 ($500) $41,080
Naomi C. Broering Hispanic Heritage Grant Endowment ($516) $1,522 $1,006
Lois Ann Colaianni Award for Excellence and Achievement in Hospital Librarianship Endowment $9,157 $912 ($500) $9,569
Cunningham Memorial International Fellowship Endowment $26,685 $7,344 ($4,104) $29,925
Louise Darling Medal for Distinguished Achievement in Collection Development in the Health Sciences Endowment $40,576 $2,159 $42,735
Janet Doe Lectureship Endowment $29,429 $1,544 ($811) $30,162
Carla J. Funk Governmental Relations Award Endowment $795 $844 $1,639
Eugene Garfield Research Fellowship Endowment ($5,876) $7,468 ($5,000) ($3,408)
T. Mark Hodges International Service Award Endowment ($61) $287 $226
Hospital Libraries Section/MLA Professional Development Grant Endowment $18,024 $1,652 ($1,589) $18,087
David A. Kronick Traveling Fellowship Endowment ($1,307) $1,581 ($1,986) ($1,712)
Joseph Leiter NLM/MLA Lectureship Endowment $28,317 $2,467 $30,784
Librarians without Borders® Ursula Poland International Scholarship Endowment $1,793 $1,344 $3,137
Donald A. B. Lindberg Research Fellowship Endowment $67,000 $5,351 $12,606 ($20,000) $64,957
Majors/MLA Chapter Project of the Year Endowment $6,982 $687 ($500) $7,169
Lucretia W. McClure MLA Excellence in Education Award Endowment $11,266 $2,068 ($500) $12,834
John P. McGovern Award Lectureship Endowment ($246) $6,900 ($5,000) $1,654
MLA Disaster Relief Fund $5,404 $850 $6,254
Scholarship Endowment ($12,941) $15,501 ($14,962) ($12,402)
Section Project of the Year Award Endowment $858 ($500) $358
Shaping Our Future Endowment $8,598 $2,881 $11,479
Special Purpose/Librarians without Borders® $22,211 $135,005 ($46,031) $111,185
Special Purpose/MLA/NLM Spectrum Scholarships $65,000 ($26,000) $39,000
Total, temporarily restricted net assets $360,428 $141,206 $73,117 ($128,983) $445,768
             
Permanently restricted net assets:            
Ysabel Bertolucci MLA Annual Meeting Grant Endowment $26,868 $1,976 $28,844
Estelle Brodman Award for the Academic Medical Librarian of the Year Endowment $29,248 $250 $29,498
Naomi C. Broering Hispanic Heritage Grant Endowment $25,493 $15 $25,508
Lois Ann Colaianni Award for Excellence and Achievement in Hospital Librarianship Endowment $15,275 $15,275
Consumer Health Librarian of the Year Award Endowment $12,584 $12,584
Cunningham Memorial International Fellowship Endowment $123,021 $50 $123,071
Louise Darling Medal for Distinguished Achievement in Collection Development in the Health Sciences Endowment $36,168 $36,168
Janet Doe Lectureship Endowment $25,859 $200 $26,059
Carla J. Funk Governmental Relations Award Endowment $14,140 $1,213 $15,353
Eugene Garfield Research Fellowship Endowment $125,101 $125,101
T. Mark Hodges International Service Award Endowment $4,815 $50 $4,865
Hospital Libraries Section/MLA Professional Development Grant Endowment $27,680 $101 $27,781
David A. Kronick Traveling Fellowship Endowment $26,487 $503 $26,990
Joseph Leiter NLM/MLA Lectureship Endowment $41,328 $41,328
Librarians without Borders® Ursula Poland International Scholarship Endowment $22,515 $150 $22,665
Donald A. B. Lindberg Research Fellowship Endowment $211,162 $5,962 $217,124
Majors/MLA Chapter Project of the Year Endowment $11,500 $11,500
Lucretia W. McClure MLA Excellence in Education Award Endowment $34,634 $846 $35,480
John P. McGovern Award Lectureship Endowment $115,585 $115,585
Scholarship Endowment $259,667 $4,287 $263,954
Shaping Our Future Endowment $48,269 $2,335 $50,604
Total, permanently restricted net assets $1,224,815 $30,522 $1,255,337
Total all net assets $3,176,822 $3,017,335 $157,010 $- ($3,010,097) $3,341,070


Additional information regarding MLA finances appears in the May 2017 issue of the MLA News.


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Articles in this journal are licensed under a Creative Commons Attribution 4.0 International License.

This journal is published by the University Library System of the University of Pittsburgh as part of its D-Scribe Digital Publishing Program and is cosponsored by the University of Pittsburgh Press.


Ray Naegele, naegele@mail.mlahq.org, Medical Library Association, 65 East Wacker Place, Suite 1900, Chicago, IL 60601-7246


Articles in this journal are licensed under a Creative Commons Attribution 4.0 International License.

This journal is published by the University Library System of the University of Pittsburgh as part of its D-Scribe Digital Publishing Program and is cosponsored by the University of Pittsburgh Press.


Journal of the Medical Library Association, VOLUME 105, NUMBER 4, October 2017

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