2018 Audited schedule of changes in net assets

Association Record


2018 Audited schedule of changes in net assets


BKD


doi: http://dx.doi.org/10.5195/jmla.2019.821

The table below summarizes the association’s financial status as of December 31, 2018. For a more complete audit report and related information, see the Audited Financial Statements 2001–2018 (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, 2018

Net assets January 1, 2018 Contributions and other revenue Invest-ment return Net assets released from restrictions Expenses Net assets December 31, 2018
Net assets without donor restrictions
General operating ($166,924) $2,993,293 ($2,977,040) ($150,671)
Other funds:
Association stabilization $1,743,434 ($54,674) $1,688,760
Capital equipment $2,228 $2,228
Special purpose $96,883 ($96,883)
Sections $289,573 $48,612 ($60,972) $277,213
Total net assets without donor restrictions $2,035,235 $48,612 ($54,674) $96,883 ($157,855) $1,968,201
Net assets with donor restrictions
Ysabel Bertolucci MLA Annual Meeting Grant Endowment $33,506 $500 ($1,237) ($995) $31,774
Estelle Brodman Award for the Academic Medical Librarian of the Year Endowment $74,937 ($1,232) ($500) $73,205
Naomi C. Broering Hispanic Heritage Grant Endowment $29,759 $50 ($1,066) ($1,000) $27,743
Lois Ann Colaianni Award for Excellence and Achievement in Hospital Librarianship Endowment $26,960 $1,000 ($642) ($500) $26,818
Consumer Health Librarian of the Year Award Endowment $27,975 $5 ($1,082) ($1,000) $25,898
Cunningham Memorial International Fellowship Endowment $166,684 ($5,140) ($8,222) $153,322
Louise Darling Medal for Distinguished Achievement in Collection Development in the Health Sciences Endowment $83,860 ($1,510) $82,350
Janet Doe Lectureship Endowment $58,613 $200 ($1,101) ($798) $56,914
Carla J. Funk Governmental Relations Award Endowment $20,621 $450 ($687) ($500) $19,884
Eugene Garfield Research Fellowship Endowment $137,299 ($5,224) $132,075
T. Mark Hodges International Service Award Endowment $4,759 $100 ($203) $4,656
Hospital Libraries Section/MLA Professional Development Grant Endowment $49,744 $100 ($1,164) ($450) $48,230
David A. Kronick Traveling Fellowship Endowment $17,562 $5,500 ($1,139) ($2,000) $19,923
Joseph Leiter NLM/MLA Lectureship Endowment $79,169 $1,000 ($1,736) $78,433
Librarians without Borders® Ursula Poland International Scholarship Endowment $28,685 $500 ($953) ($1,000) $27,232
Donald A. B. Lindberg Research Fellowship Endowment $318,744 $2,500 ($9,105) ($10,000) $302,139
Majors/MLA Chapter Project of the Year Endowment $19,563 ($480) ($500) $18,583
Lucretia W. McClure MLA Excellence in Education Award Endowment $54,967 $725 ($1,536) ($500) $53,656
John P. McGovern Award Lectureship Endowment $131,278 $500 ($4,827) $126,951
MLA Disaster Relief Fund $6,354 $6,354
Scholarship Endowment $264,817 $15,208 ($12,650) ($13,460) $253,915
Section Project of the Year Award Endowment ($142) ($500) ($642)
Shaping Our Future Endowment $71,492 $600 ($2,172) $69,920
Special Purpose/Librarians without Borders® $59,039 $135,000 ($54,958) $139,081
Special Purpose/MLA/NLM Spectrum Scholarships $26,000 $26,000
Total net assets with donor restrictions $1,792,245 $163,938 ($54,886) ($96,883) $1,804,414
Total all net assets $3,660,556 $3,205,843 ($109,560) ($3,134,895) 3,621,944


 


BKD, CPAs and Advisors, on behalf of the Medical Library Association, kelly.weaver@mci-group.com, Chicago, IL

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Journal of the Medical Library Association, VOLUME 107, NUMBER 4, October 2019

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