Art Libraries Society Of North America
- Assets
- $1.0m
- Revenue
- $438.0k
- Investments
- $60.8k
- Employees
- 0
- Location
- Westford, MA
- Founding
- 07/1990
- Data as of
- 12/2022
- EIN
- 23-7265874
Organization Overview
Art Libraries Society Of North America is located in Westford, MA. The organization was established in 1990. According to its NTEE Classification (B03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Education and related organizations. This organization is a parent organization of an affiliated group for tax-exemption purposes. Art Libraries Society Of North America is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Art Libraries Society Of North America generated $438.0k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $635.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ADVANCE THE CAUSE OF ART LIBRARIANSHIP AND TO PROMOTE THE DEVELOPMENT, GOOD MANAGEMENT, AND ENLIGHTENED USE OF ALL ART LIBRARIES AND VISUAL RESOURCES COLLECTIONS.
Describe the Organization's Program Activity:
CONVENTION - THE ANNUAL CONVENTION CONSISTS OF MEETING, NETWORKING, AND SHARING IDEAS ON ART IN PERSON.
GRANTMAKING - REACHING OUT TO FUTURE ART LIBRARIANS THROUGH NUMEROUS SCHOLARSHIP AWARDS. RECOGNIZING EXCELLENCE IN THE FIELD THROUGH AWARDS FOR RESEARCH, SERVICE, AND PUBLICATION.
PUBLICATIONS - PUBLISHING SUBSTANTIVE ARTICLES OF A PRACTICAL AS WELL AS SCHOLARLY NATURE THROUGH PUBLICATIONS, SUCH AS ART DOCUMENTATION, ARLIS/NA REVIEWS, OCCASIONAL PAPERS, AND ONLINE PUBLICATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rebecca M Price President | OfficerTrustee | 1 | $0 |
Rachel Resnik Vice President/president-Elect | OfficerTrustee | 1 | $0 |
Karyn Hinkle Treasurer | OfficerTrustee | 1 | $0 |
Sarah Carter Secretary | OfficerTrustee | 1 | $0 |
Mark Pompelia Past President | OfficerTrustee | 1 | $0 |
Carla-Mae Crookendale Education Liaison | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $67,745 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $67,745 |
| Total Program Service Revenue | $326,062 |
| Investment income | $16,649 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $792 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $437,973 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $21,795 |
| Grants and other assistance to Foreign Orgs/Individuals | $1,500 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $192,600 |
| Fees for services: Legal | $1,050 |
| Fees for services: Accounting | $8,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $13,000 |
| Advertising and promotion | $0 |
| Office expenses | $26,821 |
| Information technology | $18,380 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $28,302 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $301,432 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,966 |
| All other expenses | $898 |
| Total functional expenses | $635,371 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39,259 |
| Savings and temporary cash investments | $1,364 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $22,113 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $135,118 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $741,242 |
| Investments—other securities | $60,756 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $43,565 |
| Total assets | $1,043,417 |
| Accounts payable and accrued expenses | $5,848 |
| Grants payable | $0 |
| Deferred revenue | $71,880 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $77,728 |
| Net assets without donor restrictions | $830,477 |
| Net assets with donor restrictions | $135,212 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,043,417 |