Medical Library Association
- Assets
- $947.9k
- Revenue
- $277.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 07/1997
- Data as of
- 12/2022
- EIN
- 91-1882865
Organization Overview
Medical Library Association is located in Chicago, IL. The organization was established in 1997. 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 subordinate organization within an affiliated group for tax-exemption purposes. Medical Library Association 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, Medical Library Association generated $277.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.3%) each year. All expenses for the organization totaled $307.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.6%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO EDUCATE AND INFORM MEMBERS AND NONMEMBERS ABOUT CHANGES IN THE MEDICAL LIBRARIANSHIP FIELD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL MEETING - CHAPTER ANNUAL MEETINGS EDUCATE MEMBERS AND NONMEMBERS ON THE DESIGN, DEVELOPMENT, AND MANAGEMENT OF HEALTH INFORMATION SYSTEMS.
SCHLORSHIPS AND RESEARCH GRANTS
CONTINUING EDUCATION - THE CE COURSES PROVIDE CONTINUING EDUCATION IN THE PROFESSION OF HEALTH INFORMATION MANAGEMENT.
PROFESSIONAL DINNER - THE PROFESSIONAL DINNERS MEETINGS ARE AN ANNUAL EVENT ATTENDED BY THE CHAPTER MEMBERS AND GUESTS FOR THE PURPOSE OF GATHERING THE MEMBERS TOGETHER TO PROMOTE DISCUSSIONS AND CHAPTER GOOD WILL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Krystal Kakimoto President, H | OfficerTrustee | $0 | |
Karen Kessing Pres Elect, | OfficerTrustee | $0 | |
Lisa Ann Matsumoto Secretary, H | OfficerTrustee | $0 | |
Elizabeth Torres Treasurer, H | OfficerTrustee | $0 | |
Layla Heimlich President, M | OfficerTrustee | $0 | |
Kat Phillips President El | OfficerTrustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $45,645 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $17,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $13,194 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $76,339 |
| Total Program Service Revenue | $198,725 |
| Investment income | $2,832 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| 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 | $277,896 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $13,950 |
| Grants and other assistance to domestic individuals. | $24,862 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| 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 | $5,365 |
| Fees for services: Legal | $4,025 |
| Fees for services: Accounting | $2,039 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,177 |
| Information technology | $19,097 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,230 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $204,469 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,718 |
| All other expenses | $0 |
| Total functional expenses | $307,677 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $397,412 |
| Savings and temporary cash investments | $482,315 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $60,258 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,901 |
| Total assets | $947,886 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $947,886 |
| Net assets with donor restrictions | $0 |
| 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 | $947,886 |