Printer Friendly

2018 Audited schedule of changes in net assets.

BKD

See end of article for authors' affiliations.

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   Contributions
                                            January 1,   and other
                                            2018         revenue

Net assets without donor
restrictions
  General operating                          ($166,924)   $2,993,293
Other funds:
  Association stabilization                  $1,743,434   --
  Capital equipment                          $2,228       --
  Special purpose                            --           --
  Sections                                   $289,573     $48,612

Total net assets without                     $2,035,235   $48,612
donor restrictions

Net assets with donor
restrictions

  Ysabel Bertolucci MLA Annual Meeting       $33,506      $500
    Grant Endowment
  Estelle Brodman Award for the Academic     $74,937      --
    Medical Librarian of the Year
    Endowment
  Naomi C. Broering Hispanic Heritage        $29,759      $50
    Grant Endowment
  Lois Ann Colaianni Award for Excellence    $26,960      $1,000
    and Achievement in Hospital
    Librarianship Endowment
  Consumer Health Librarian of the Year      $27,975      $5
    Award Endowment
  Cunningham Memorial International          $166,684     --
    Fellowship Endowment
  Louise Darling Medal for Distinguished     $83,860      --
    Achievement in Collection Development
    in the Health Sciences Endowment
  Janet Doe Lectureship Endowment            $58,613      $200
  Carla J. Funk Governmental Relations       $20,621      $450
    Award Endowment
  Eugene Garfield Research Fellowship        $137,299
    Endowment
  T. Mark Hodges International Service       $4,759       $100
    Award Endowment
  Hospital Libraries Section/MLA             $49,744      $100
    Professional Development Grant
    Endowment
  David A. Kronick Traveling Fellowship      $17,562      $5,500
    Endowment
  Joseph Leiter NLM/MLA Lectureship          $79,169      $1,000
    Endowment
  Librarians without Borders[R] Ursula       $28,685      $500
    Poland International Scholarship
    Endowment
  Donald A. B. Lindberg Research             $318,744     $2,500
    Fellowship Endowment
  Majors/MLA Chapter Project of the Year     $19,563
    Endowment
  Lucretia W. McClure MLA Excellence in      $54,967      $725
    Education Award Endowment
  John P. McGovern Award Lectureship         $131,278     $500
    Endowment
  MLA Disaster Relief Fund                   $6,354       --
  Scholarship Endowment                      $264,817     $15,208
  Section Project of the Year Award          ($142)       --
    Endowment
  Shaping Our Future Endowment               $71,492      $600
  Special Purpose/Librarians without         $59,039      $135,000
    Borders [R]
  Special Purpose/MLA/NLM Spectrum           $26,000      --
    Scholarships
Total net assets with donor                  $1,792,245   $163,938
restrictions

Total all net assets                         $3,660,556   $3,205,843

                                             Investment   Net assets
                                             return       released
                                                          from
                                                          restrictions

Net assets without donor
restrictions
  General operating                          --           --
Other funds:
  Association stabilization                  ($54,674)    --
  Capital equipment                          --           --
  Special purpose                            --           $96,883
  Sections                                   --           --

Total net assets without                     ($54,674)    $96,883
donor restrictions

Net assets with donor
restrictions

  Ysabel Bertolucci MLA Annual Meeting       ($1,237)     ($995)
    Grant Endowment
  Estelle Brodman Award for the Academic     ($1,232)     ($500)
    Medical Librarian of the Year
    Endowment
  Naomi C. Broering Hispanic Heritage        ($1,066)     ($1,000)
    Grant Endowment
  Lois Ann Colaianni Award for Excellence    ($642)       ($500)
    and Achievement in Hospital
    Librarianship Endowment
  Consumer Health Librarian of the Year      ($1,082)     ($1,000)
    Award Endowment
  Cunningham Memorial International          -5140        ($8,222)
    Fellowship Endowment
  Louise Darling Medal for Distinguished     -1510        --
    Achievement in Collection Development
    in the Health Sciences Endowment
  Janet Doe Lectureship Endowment            ($1,101)     ($798)
  Carla J. Funk Governmental Relations       ($687)       ($500)
    Award Endowment
  Eugene Garfield Research Fellowship        ($5,224)     --
    Endowment
  T. Mark Hodges International Service       ($203)       --
    Award Endowment
  Hospital Libraries Section/MLA             ($1,164)     ($450)
    Professional Development Grant
    Endowment
  David A. Kronick Traveling Fellowship      ($1,139)     ($2,000)
    Endowment
  Joseph Leiter NLM/MLA Lectureship          ($1,736)     --
    Endowment
  Librarians without Borders[R] Ursula       ($953)       ($1,000)
    Poland International Scholarship
    Endowment
  Donald A. B. Lindberg Research             ($9,105)     ($10,000)
    Fellowship Endowment
  Majors/MLA Chapter Project of the Year     ($480)       ($500)
    Endowment
  Lucretia W. McClure MLA Excellence in      ($1,536)     ($500)
    Education Award Endowment
  John P. McGovern Award Lectureship         ($4,827)     --
    Endowment
  MLA Disaster Relief Fund                   --           --
  Scholarship Endowment                      ($12,650)    ($13,460)
  Section Project of the Year Award          --           ($500)
    Endowment
  Shaping Our Future Endowment               ($2,172)     --
  Special Purpose/Librarians without         --           ($54,958)
    Borders [R]
  Special Purpose/MLA/NLM Spectrum           --
    Scholarships
Total net assets with donor                  ($54,886)    ($96,883)
restrictions

Total all net assets                         ($109,560)   --

                                             Expenses       Net assets
                                                            December
                                                            31, 2018

Net assets without donor
restrictions
  General operating                          ($2,977,040)   ($150,671)
Other funds:
  Association stabilization                  --             $1,688,760
  Capital equipment                          --             $2,228
  Special purpose                            ($96,883)      --
  Sections                                   ($60,972)      $277,213

Total net assets without                     ($157,855)     $1,968,201
donor restrictions

Net assets with donor
restrictions

  Ysabel Bertolucci MLA Annual Meeting       --             $31,774
    Grant Endowment
  Estelle Brodman Award for the Academic     --             $73,205
    Medical Librarian of the Year
    Endowment
  Naomi C. Broering Hispanic Heritage        --             $27,743
    Grant Endowment
  Lois Ann Colaianni Award for Excellence    --             $26,818
    and Achievement in Hospital
    Librarianship Endowment
  Consumer Health Librarian of the Year      --             $25,898
    Award Endowment
  Cunningham Memorial International          --             $153,322
    Fellowship Endowment
  Louise Darling Medal for Distinguished     --             $82,350
    Achievement in Collection Development
    in the Health Sciences Endowment
  Janet Doe Lectureship Endowment            --             $56,914
  Carla J. Funk Governmental Relations       --             $19,884
    Award Endowment
  Eugene Garfield Research Fellowship        --             $132,075
    Endowment
  T. Mark Hodges International Service       --             $4,656
    Award Endowment
  Hospital Libraries Section/MLA             --             $48,230
    Professional Development Grant
    Endowment
  David A. Kronick Traveling Fellowship      --             $19,923
    Endowment
  Joseph Leiter NLM/MLA Lectureship          --             $78,433
    Endowment
  Librarians without Borders[R] Ursula       --             $27,232
    Poland International Scholarship
    Endowment
  Donald A. B. Lindberg Research             --             $302,139
    Fellowship Endowment
  Majors/MLA Chapter Project of the Year     --             $18,583
    Endowment
  Lucretia W. McClure MLA Excellence in      --             $53,656
    Education Award Endowment
  John P. McGovern Award Lectureship         --             $126,951
    Endowment
  MLA Disaster Relief Fund                   --             $6,354
  Scholarship Endowment                      --             $253,915
  Section Project of the Year Award          --             ($642)
    Endowment
  Shaping Our Future Endowment               --             $69,920
  Special Purpose/Librarians without         --             $139,081
    Borders [R]
  Special Purpose/MLA/NLM Spectrum           --             $26,000
    Scholarships
Total net assets with donor                  --             $1,804,414
restrictions

Total all net assets                         ($3,134,895)   3,621,944
COPYRIGHT 2019 Medical Library Association
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2019 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Journal of the Medical Library Association
Date:Oct 1, 2019
Words:1003
Previous Article:System for the Unified Management, Assessment, and Review of Information (SUMARI).
Topics:

Terms of use | Privacy policy | Copyright © 2020 Farlex, Inc. | Feedback | For webmasters