Lyrasis
- Assets
- $57.3m
- Revenue
- $78.5m
- Investments
- $0.0
- Employees
- 61
- Location
- Atlanta, GA
- Founding
- 03/1937
- Data as of
- 06/2021
- EIN
- 23-1365979
Organization Overview
Lyrasis is located in Atlanta, GA. The organization was established in 1937. According to its NTEE Classification (B70) the organization is classified as: Libraries, under the broad grouping of Education and related organizations. As of 06/2021, Lyrasis employed 61 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lyrasis 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 06/2021, Lyrasis generated $78.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $78.3m during the year ending 06/2021. While expenses have increased by 0.6% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Lyrasis has awarded 33 individual grants totaling $759,536. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O FOR A COMPLETE DESCRIPTION OF LYRASIS' MISSION.LYRASIS IS A TECHNOLOGY-FOCUSED 501(C)(3) NON-PROFIT MEMBERSHIP ORGANIZATION. ITS MISSION IS TO SUPPORT ENDURING ACCESS TO THE WORLD'S SHARED ACADEMIC, SCIENTIFIC AND CULTURAL HERITAGE THROUGH LEADERSHIP IN OPEN TECHNOLOGIES, CONTENT SERVICES, DIGITAL SOLUTIONS AND COLLABORATION WITH ARCHIVES, LIBRARIES, MUSEUMS AND KNOWLEDGE COMMUNITIES WORLDWIDE. LYRASIS'S SHARED VALUES ARE BASED ON COMMUNICATION, RESPECT, COLLABORATION, IMPACT, AND SERVICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LIBRARY PRODUCTS AND SERVICES SUPPLIED BY VENDORS ARE DISTRIBUTED BY THE ORGANIZATION TO MEMBER INSTITUTIONS.
VENDOR PRODUCTS AND SERVICES DISTRIBUTED AND SUPPORTED BY LYRASIS.
OTHER SERVICES PROVIDED TO MEMBER AND NON-MEMBER LIBRARIES INCLUDING EDUCATIONAL PROGRAMS, CONSULTING SERVICES, GRANTS ADMINISTRATION, AND COLLABORATIVE PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Miller Chief Executive Officer | OfficerTrustee | 40 | $474,125 |
Vern Ritter Chief Financial Officer | Officer | 40 | $224,067 |
John Herbert Senior Director Of Technol | 40 | $174,614 | |
Lisa Larson Senior Director Of Outreach & Engagement | 40 | $173,433 | |
Angella Graham Director Of Human Resource | 40 | $164,183 | |
John Mcgarl Treasurer | 40 | $156,318 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Gordon D Hull Product Consultant | 6/29/21 | $143,212 |
Montgomery Mccracken Legal | 6/29/21 | $143,458 |
1438 West Peachtree Partners Llc Former Landlord | 6/29/21 | $140,885 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $254,555 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,278,420 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,532,975 |
| Total Program Service Revenue | $75,163,764 |
| Investment income | $720,472 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $119,171 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $78,536,382 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $126,118 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $756,957 |
| Compensation of current officers, directors, key employees. | $756,957 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,802,474 |
| Pension plan accruals and contributions | $419,000 |
| Other employee benefits | $1,080,624 |
| Payroll taxes | $430,165 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,591,105 |
| Advertising and promotion | $20,693 |
| Office expenses | $144,823 |
| Information technology | $582,691 |
| Royalties | $0 |
| Occupancy | $186,655 |
| Travel | $36,641 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $40,364 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,966 |
| Insurance | $55,785 |
| All other expenses | $72,150 |
| Total functional expenses | $78,313,652 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,094,603 |
| Savings and temporary cash investments | $32,175 |
| Pledges and grants receivable | $27,700 |
| Accounts receivable, net | $9,551,034 |
| 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 | $5,817,996 |
| Net Land, buildings, and equipment | $13,633 |
| Investments—publicly traded securities | $32,433,692 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $6,282,507 |
| Other assets | $49,804 |
| Total assets | $57,303,144 |
| Accounts payable and accrued expenses | $8,581,156 |
| Grants payable | $0 |
| Deferred revenue | $20,418,625 |
| 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 | $5,000,000 |
| Unsecured mortgages and notes payable | $1,211,903 |
| Other liabilities | $3,259,034 |
| Total liabilities | $38,470,718 |
| Net assets without donor restrictions | $18,832,426 |
| 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 | $57,303,144 |
Grants Awarded
Over the last fiscal year, Lyrasis has awarded $126,118 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Worcester, MA PURPOSE: THE PROJECT "DIGITAL SCHOLARSHIP WITH PURPOSE" | $36,300 |
College Station, TX PURPOSE: THE PROJECT "WESTERN WATERS DIGITAL LIBRARY MAP INTERFACE". | $30,000 |
Durham, NC PURPOSE: THE PROJECT "OPEN LIDAR FOR ACCESSIBILITY COMMUNITY & SCHEMA DEVELOPMENT" . | $23,375 |
Charlottesville, VA PURPOSE: THE PROJECT "DEVELOPMENT OF RESEARCH INTELLIGENCE TOOLS THAT CONTRIBUTE TO THE VIVO PLATFORM: AN OPEN-SOURCE SOFTWARE PROJECT" | $19,223 |
Corvallis, OR PURPOSE: THE PROJECT "CONSERVATION DOCUMENTATION ARCHIVE". | $17,220 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Lyrasis has recieved totaling $5,650,000.
| Awarding Organization | Amount |
|---|---|
John S And James L Knight Foundation Inc Miami, FL PURPOSE: TO SUPPORT THE PUBLIC LIBRARY TRANSITION TO DIGITAL THROUGH THE DEVELOPMENT OF AN INTEGRATED PLATFORM TO PURCHASE AND LEND E-BOOKS TO PATRONS. | $2,500,000 |
John S And James L Knight Foundation Inc Miami, FL PURPOSE: TO SUPPORT THE PUBLIC LIBRARY TRANSITION TO DIGITAL THROUGH THE DEVELOPMENT OF AN INTEGRATED PLATFORM TO PURCHASE AND LEND E-BOOKS TO PATRONS. | $2,000,000 |
Andrew W Mellon Foundation New York, NY PURPOSE: TO CONTINUE SUPPORT FOR PERFORMING ARTS READINESS | $1,150,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lyrasis Atlanta, GA | $57,303,144 | $78,536,382 |
Richland County Public Library Columbia, SC | $22,586,834 | $29,522,788 |
Robert W Woodruff Library Of The Atlanta University Center Inc Atlanta, GA | $36,750,621 | $14,706,719 |
Winter Park Library Assn Winter Park, FL | $8,735,050 | $3,165,785 |
Fontana Regional Library Bryson City, NC | $3,949,070 | $3,576,120 |
Hall County Library System Gainesville, GA | $3,250,117 | $3,142,745 |
Delray Beach Public Library Assn Inc Delray Beach, FL | $12,995,036 | $2,634,464 |
Cli Prison Alliance Inc Raleigh, NC | $1,246,885 | $2,394,225 |
Tenn-Share Alcoa, TN | $1,129,556 | $1,846,388 |
North Shelby Library District A Public Corporation Birmingham, AL | $2,809,920 | $1,559,190 |
Dothan Houston County Library System Dothan, AL | $5,383,085 | $1,651,262 |
Seflin Southeast Florida Library Information Network Inc Boca Raton, FL | $1,306,991 | $1,680,816 |