2017 Audited schedule of changes in net assets

Association Record


2017 Audited schedule of changes in net assets


Ray Naegele


doi: http://dx.doi.org/10.5195/jmla.2018.590

The table below summarizes the association’s financial status as of December 31, 2017. For a more complete audit report and related information, see the Audited Financial Statements (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, 2017

  Net assets January 1, 2017 Contributions and other revenue Invest-ment income Net assets released from restrictions Expenses Net assets December 31, 2017
Unrestricted net assets            
General operating ($208,798) $2,626,097 $23,763   $2,655,892 ($214,830)
Other funds:            
Association stabilization $1,532,376 $211,058 $1,743,434
Capital equipment $2,228 $2,228
Special purpose $33,096 $103,016 ($136,112)
Sections $281,063 $49,051 ($40,541) $289,573
Total other funds $1,848,763 $49,051 $211,058 $103,016 ($176,653) $2,035,235
             
Temporarily restricted net assets            
Ysabel Bertolucci MLA Annual Meeting Grant Endowment $50 $4,751 ($907) $3,894
Estelle Brodman Award for the Academic Medical Librarian of the Year Endowment $41,080 $4,859 ($500) $45,439
Naomi C. Broering Hispanic Heritage Grant Endowment $1,006 $4,201 ($981) $4,226
Lois Ann Colaianni Award for Excellence and Achievement in Hospital Librarianship Endowment $9,569 $2,516 ($500) $11,585
Consumer Health Librarian of the Year Award $2,073 $2,073
Cunningham Memorial International Fellowship Endowment $29,925 $13,688 $43,613
Louise Darling Medal for Distinguished Achievement in Collection Development in the Health Sciences Endowment $42,735 $5,957 ($1,000) $47,692
Janet Doe Lectureship Endowment $30,162 $4,292 ($2,200) $32,254
Carla J. Funk Governmental Relations Award Endowment $1,639 $2,529 $4,168
Eugene Garfield Research Fellowship Endowment ($3,408) $20,606 ($5,000) $12,198
T. Mark Hodges International Service Award Endowment $226 $274 ($500)
Hospital Libraries Section/MLA Professional Development Grant Endowment $18,087 $4,576 ($800) $21,863
David A. Kronick Traveling Fellowship Endowment ($1,712) $3,712 ($2,000)
Joseph Leiter NLM/MLA Lectureship Endowment $30,784 $6,807 $37,591
Librarians without Borders® Ursula Poland International Scholarship Endowment $3,137 $3,733 ($1,000) $5,870
Donald A. B. Lindberg Research Fellowship Endowment $64,957 $35,763 $100,720
Majors/MLA Chapter Project of the Year Endowment $7,169 $1,894 ($1,000) $8,063
Lucretia W. McClure MLA Excellence in Education Award Endowment $12,834 $5,844 ($500) $18,178
John P. McGovern Award Lectureship Endowment $1,655 $19,038 ($5,000) $15,693
MLA Disaster Relief Fund $6,254 $100   $6,354
Scholarship Endowment ($12,402)   $27,884 ($15,482) $0
Section Project of the Year Award Endowment $358 ($500) ($142)
Shaping Our Future Endowment $11,479 $8,335   $19,814
Special Purpose/Librarians without Borders® $111,185 ($52,146) $59,039
Special Purpose/MLA/NLM Spectrum Scholarships $39,000 ($13,000) $26,000
Total, temporarily restricted net assets $445,769 $100 $183,006 ($103,016) $0 $525,859
             
Permanently restricted net assets:            
Ysabel Bertolucci MLA Annual Meeting Grant Endowment $28,844 $768 $29,612
Estelle Brodman Award for the Academic Medical Librarian of the Year Endowment $29,498 $29,498
Naomi C. Broering Hispanic Heritage Grant Endowment $25,508 $25 $25,533
Lois Ann Colaianni Award for Excellence and Achievement in Hospital Librarianship Endowment $15,275 $100 $15,375
Consumer Health Librarian of the Year Award Endowment $12,584 $13,318 $25,902
Cunningham Memorial International Fellowship Endowment $123,071 $123,071
Louise Darling Medal for Distinguished Achievement in Collection Development in the Health Sciences Endowment $36,168 $36,168
Janet Doe Lectureship Endowment $26,059 $300 $26,359
Carla J. Funk Governmental Relations Award Endowment $15,353 $1,100       $16,453
Eugene Garfield Research Fellowship Endowment $125,101 $125,101
T. Mark Hodges International Service Award Endowment $4,865 $4,865
Hospital Libraries Section/MLA Professional Development Grant Endowment $27,781 $100 $27,881
David A. Kronick Traveling Fellowship Endowment $26,990 $276 $27,266
Joseph Leiter NLM/MLA Lectureship Endowment $41,328 $250 $41,578
Librarians without Borders® Ursula Poland International Scholarship Endowment $22,665 $150 $22,815
Donald A. B. Lindberg Research Fellowship Endowment $217,124 $900 $218,024
Majors/MLA Chapter Project of the Year Endowment $11,500 $11,500
Lucretia W. McClure MLA Excellence in Education Award Endowment $35,480 $1,309 $36,789
John P. McGovern Award Lectureship Endowment $115,585 $115,585
Scholarship Endowment $263,954 $38,959 $302,913
Shaping Our Future Endowment $50,604 $1,400 $52,004
Total, permanently restricted net assets $1,255,337 $58,955 $0 $0 $0 $1,314,292
Total all net assets $3,341,071 $2,734,203 $417,827 $0 ($2,832,545) $3,660,556

 


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


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Journal of the Medical Library Association, VOLUME 106, NUMBER 4, October 2018

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