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.
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