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