Library Management Network Inc
- Assets
- $128.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Decatur, AL
- Founding
- 04/1987
- Data as of
- 09/2023
- EIN
- 63-0901394
Organization Overview
Library Management Network Inc is located in Decatur, AL. The organization was established in 1987. According to its NTEE Classification (B70) the organization is classified as: Libraries, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Library Management Network Inc 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 09/2023, Library Management Network Inc generated $71.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $74.3k during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (4.4%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
TO PROVIDE COMPUTER PROCESSING ADN ACCESS FACILITIES TO ITS MEMBER ORGANIZATIONS, ALL OF WHICH ARE TAX EXEMPT ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Pitts President | 4 | $0 | |
John Miller Vice Preside | 4 | $0 | |
Rachel Trapp Treasurer | 4 | $0 | |
Julia Everett Secretary | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $70,852 |
| Investment income | $513 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $71,365 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $53,644 |
| Professional fees and other payments to independent contractors | $700 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $19,993 |
| Total expenses | $74,337 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $121,466 |
| Other assets | $0 |
| Total assets | $128,152 |
| Total liabilities | $1,308 |
| Net assets or fund balances | $126,844 |