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2015 audited schedule of changes in net assets.

The table below summarizes the association's financial status as of December 31, 2015. For a more complete audit report and related information, see the 2014/15 MLA Annual Report <http://www. mlanet.org/p/do/si/topic=219 (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.

Additional information regarding MLA finances appears in the April 2016 issue of the MLA News.

DOI: http://dx.doi.org/10.3163/1536-5050.104.4.E1
Table 1
Medical Library Association schedule of changes in net assets by fund
year ended December 31, 2015

                                    Net assets        Contributions
                                    January 1, 2015   and other
                                                      revenue

Unrestricted net assets
General operating                   $(175,700)        $2,738,450
Loss on disposal of property        --                --
  and equipment
Total general operating             (175,700)         2,738,450
Other funds:
  Association stabilization         1,487,423         --
  Capital equipment                 2,228             --
  Special purpose                   --                --
  Sections                          368,674           48,837
Total unrestricted net assets       $1,858,325        $48,837
Temporarily restricted net assets
Ysabel Bertolucci MLA Annual        946               --
  Meeting Grant Endowment
Estelle Brodman Award for the       40,927            --
  Academic Medical
  Librarian of the Year Endowment
Naomi C. Broering Hispanic          --                --
  Heritage Grant Endowment
Lois Ann Colaianni Award for        9,953             --
  Excellence and
Achievement in Hospital
  Librarianship Endowment
Cunningham Memorial International   29,174            --
  Fellowship Endowment
Louise Darling Medal for            42,308            --
  Distinguished Achievement in
  Collection Development in the
  Health Sciences Endowment
Janet Doe Lectureship Endowment     30,202            --
Carla J. Funk Governmental          1,520             --
  Relations Award Endowment
Eugene Garfield Research            1,656             --
  Fellowship Endowment
T. Mark Hodges International        536               --
  Service Award Endowment
Hospital Libraries Section/MLA      18,584            --
  Professional
  Development Grant Endowment
David A. Kronick Traveling          1,222             --
  Fellowship Endowment
Joseph Leiter NLM/MLA               30,519            --
  Lectureship Endowment
Librarians without Borders[R]       3,248             --
  Ursula Poland International
  Scholarship Endowment
Donald A. B. Lindberg Research      71,144            --
  Fellowship Endowment
Majors/MLA Chapter Project of the   7,715             --
  Year Endowment
Lucretia W. McClure MLA             11,946            --
  Excellence in Education Award
  Endowment
John P. McGovern Award              7,093             --
  Lectureship Endowment
MLA Disaster Relief Fund            5,279             125
Scholarship Endowment               8,058             --
Section Project of the Year         1,358             --
  Award Endowment
Shaping Our Future Endowment        9,575             --
Special Purpose/Historical Marker   1,500             1,000
Special Purpose/Librarians          1,053             52,000
  without Borders[R]
Special Purpose/MLA/NLM             65,000            --
  Spectrum Scholarships
Totals, temporarily restricted      $400,516          $53,125
  net assets
Permanently restricted net
  assets:
Ysabel Bertolucci MLA Annual        24,779            2,089
  Meeting Grant Endowment
Estelle Brodman Award for the       29,248            --
  Academic Medical Librarian of
  the Year Endowment
Naomi C. Broering Hispanic          25,493            --
  Heritage Grant Endowment
Lois Ann Colaianni Award for        14,650            625
  Excellence and Achievement in
  Hospital Librarianship
  Endowment
Cunningham Memorial International   122,971           50
  Fellowship Endowment
Louise Darling Medal for            36,168
  Distinguished Achievement in
  Collection Development in the
  Health Sciences Endowment
Janet Doe Lectureship Endowment     25,859            --
Carla J. Funk Governmental          11,115            3,025
  Relations Award Endowment
Eugene Garfield Research            125,101           --
  Fellowship Endowment
T. Mark Hodges International        4,815             --
  Service Award Endowment
Hospital Libraries Section/MLA      27,680            --
  Professional Development Grant
  Endowment
David A. Kronick Traveling          26,132            355
  Fellowship Endowment
Joseph Leiter NLM/MLA Lectureship   41,328            --
  Endowment
Librarians without Borders[R]       22,475            40
  Ursula Poland International
  Scholarship Endowment
Donald A. B. Lindberg Research      204,762           6,400
  Fellowship Endowment
Majors/MLA Chapter Project of the   11,500            --
  Year Endowment
Lucretia W. McClure MLA             33,584            1,050
  Excellence in Education Award
  Endowment
John P. McGovern Award              115,585           --
  Lectureship Endowment
Scholarship Endowment               256,944           2,723
Shaping Our Future Endowment        --                 --
Totals, permanently restricted      $1,208,458        $16,357
  net assets
Total all net assets                $3,291,599        $2,856,769

                                    Investment   Net assets
                                    income       released
                                                 from
                                                 restrictions

Unrestricted net assets
General operating                   --           --
Loss on disposal of property        --           --
  and equipment
Total general operating             --           --
Other funds
  Association stabilization         (25,514)     --
  Capital equipment                 --           --
  Special purpose                   --           68,757
  Sections                          --           --
Total unrestricted net assets       $(25,514)    $68,757
Temporarily restricted net assets
Ysabel Bertolucci MLA Annual        (500)        (1,000)
  Meeting Grant Endowment
Estelle Brodman Award for the       (593)        (500)
  Academic Medical
  Librarian of the Year Endowment
Naomi C. Broering Hispanic          (516)        --
  Heritage Grant Endowment
Lois Ann Colaianni Award for        (296)        (500)
  Excellence and
Achievement in Hospital
  Librarianship Endowment
Cunningham Memorial International   (2,489)      --
  Fellowship Endowment
Louise Darling Medal for            (732)        (1,000)
  Distinguished Achievement in
  Collection Development in the
  Health Sciences Endowment
Janet Doe Lectureship Endowment     (523)        (250)
Carla J. Funk Governmental          (225)        (500)
  Relations Award Endowment
Eugene Garfield Research            (2,532)      (5,000)
  Fellowship Endowment
T. Mark Hodges International        (97)         (500)
  Service Award Endowment
Hospital Libraries Section/MLA      (560)        --
  Professional
  Development Grant Endowment
David A. Kronick Traveling          (529)        (2,000)
  Fellowship Endowment
Joseph Leiter NLM/MLA               (836)        (1,366)
  Lectureship Endowment
Librarians without Borders[R]       (455)        (1,000)
  Ursula Poland International
  Scholarship Endowment
Donald A. B. Lindberg Research      (4,144)      --
  Fellowship Endowment
Majors/MLA Chapter Project of the   (233)        (500)
  Year Endowment
Lucretia W. McClure MLA             (680)        --
  Excellence in Education Award
  Endowment
John P. McGovern Award              (2,339)      (5,000)
  Lectureship Endowment
MLA Disaster Relief Fund            --           --
Scholarship Endowment               (5,200)      (15,799)
Section Project of the Year         --           (500)
  Award Endowment
Shaping Our Future Endowment        (977)        --
Special Purpose/Historical Marker   --           (2,500)
Special Purpose/Librarians          --           (30,842)
  without Borders[R]
Special Purpose/MLA/NLM             --            --
  Spectrum Scholarships
Totals, temporarily restricted      $(24,456)    $(68,757)
  net assets
Permanently restricted net
  assets:
Ysabel Bertolucci MLA Annual        --           --
  Meeting Grant Endowment
Estelle Brodman Award for the       --           --
  Academic Medical Librarian of
  the Year Endowment
Naomi C. Broering Hispanic          --           --
  Heritage Grant Endowment
Lois Ann Colaianni Award for        --           --
  Excellence and Achievement in
  Hospital Librarianship
  Endowment
Cunningham Memorial International   --           --
  Fellowship Endowment
Louise Darling Medal for
  Distinguished Achievement in
  Collection Development in the
  Health Sciences Endowment
Janet Doe Lectureship Endowment     --           --
Carla J. Funk Governmental          --           --
  Relations Award Endowment
Eugene Garfield Research            --           --
  Fellowship Endowment
T. Mark Hodges International        --           --
  Service Award Endowment
Hospital Libraries Section/MLA      --           --
  Professional Development Grant
  Endowment
David A. Kronick Traveling          --           --
  Fellowship Endowment
Joseph Leiter NLM/MLA Lectureship   --           --
  Endowment
Librarians without Borders[R]       --           --
  Ursula Poland International
  Scholarship Endowment
Donald A. B. Lindberg Research      --           --
  Fellowship Endowment
Majors/MLA Chapter Project of the   --           --
  Year Endowment
Lucretia W. McClure MLA             --           --
  Excellence in Education Award
  Endowment
John P. McGovern Award              --           --
  Lectureship Endowment
Scholarship Endowment               --           --
Shaping Our Future Endowment        --           --
Totals, permanently restricted      --           --
  net assets
Total all net assets                $(49,970)    $0

                                    Expenses       Net assets
                                                   (deficit)
                                                   December 31, 2015

Unrestricted net assets
General operating                   $(2,732,742)   $(169,992)
Loss on disposal of property        (53,476)       (53,476)
  and equipment
Total general operating             (2,786,218)    (223,468)
Other funds:
  Association stabilization         (13,426)       1,448,483
  Capital equipment                 --             2,228
  Special purpose                   (68,757)       --
  Sections                          (53,175)       364,336
Total unrestricted net assets       $(135,358)     $1,815,047
Temporarily restricted net assets
Ysabel Bertolucci MLA Annual        --             (554)
  Meeting Grant Endowment
Estelle Brodman Award for the       --             39,834
  Academic Medical
  Librarian of the Year Endowment
Naomi C. Broering Hispanic          --             (516)
  Heritage Grant Endowment
Lois Ann Colaianni Award for        --             9,157
  Excellence and
Achievement in Hospital
  Librarianship Endowment
Cunningham Memorial International   --             26,685
  Fellowship Endowment
Louise Darling Medal for            --             40,576
  Distinguished Achievement in
  Collection Development in the
  Health Sciences Endowment
Janet Doe Lectureship Endowment     --             29,429
Carla J. Funk Governmental          --             795
  Relations Award Endowment
Eugene Garfield Research            --             (5,876)
  Fellowship Endowment
T. Mark Hodges International        --             (61)
  Service Award Endowment
Hospital Libraries Section/MLA      --             18,024
  Professional
  Development Grant Endowment
David A. Kronick Traveling          --             (1,307)
  Fellowship Endowment
Joseph Leiter NLM/MLA               --             28,317
  Lectureship Endowment
Librarians without Borders[R]       --             1,793
  Ursula Poland International
  Scholarship Endowment
Donald A. B. Lindberg Research      --             67,000
  Fellowship Endowment
Majors/MLA Chapter Project of the   --             6,982
  Year Endowment
Lucretia W. McClure MLA             --             11,266
  Excellence in Education Award
  Endowment
John P. McGovern Award              --             (246)
  Lectureship Endowment
MLA Disaster Relief Fund            --             5,404
Scholarship Endowment               --             (12,941)
Section Project of the Year         --             858
  Award Endowment
Shaping Our Future Endowment        --             8,598
Special Purpose/Historical Marker   --             --
Special Purpose/Librarians          --             22,211
  without Borders[R]
Special Purpose/MLA/NLM             --             65,000
  Spectrum Scholarships
Totals, temporarily restricted      --             $360,428
  net assets
Permanently restricted net
  assets:
Ysabel Bertolucci MLA Annual        --             26,868
  Meeting Grant Endowment
Estelle Brodman Award for the       --             29,248
  Academic Medical Librarian of
  the Year Endowment
Naomi C. Broering Hispanic          --             25,493
  Heritage Grant Endowment
Lois Ann Colaianni Award for        --             15,275
  Excellence and Achievement in
  Hospital Librarianship
  Endowment
Cunningham Memorial International   --             123,021
  Fellowship Endowment
Louise Darling Medal for                           36,168
  Distinguished Achievement in
  Collection Development in the
  Health Sciences Endowment
Janet Doe Lectureship Endowment     --             25,859
Carla J. Funk Governmental          --             14,140
  Relations Award Endowment
Eugene Garfield Research            --             125,101
  Fellowship Endowment
T. Mark Hodges International        --             4,815
  Service Award Endowment
Hospital Libraries Section/MLA      --             27,680
  Professional Development Grant
  Endowment
David A. Kronick Traveling          --             26,487
  Fellowship Endowment
Joseph Leiter NLM/MLA Lectureship   --             41,328
  Endowment
Librarians without Borders[R]       --             22,515
  Ursula Poland International
  Scholarship Endowment
Donald A. B. Lindberg Research      --             211,162
  Fellowship Endowment
Majors/MLA Chapter Project of the   --             11,500
  Year Endowment
Lucretia W. McClure MLA             --             34,634
  Excellence in Education Award
  Endowment
John P. McGovern Award              --             115,585
  Lectureship Endowment
Scholarship Endowment               --             259,667
Shaping Our Future Endowment        --             48,269
Totals, permanently restricted      --             $1,224,815
  net assets
Total all net assets                $(2,921,576)   $3,176,822
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Title Annotation:2015 AUDITED SCHEDULE
Publication:Journal of the Medical Library Association
Article Type:Financial report
Geographic Code:1USA
Date:Oct 1, 2016
Words:1573
Previous Article:Volume 104: 104(3) July, page 249.
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