Midwest Collaborative For Library Services Inc
- Assets
- $17.4m
- Revenue
- $26.3m
- Investments
- $0.0
- Employees
- 27
- Location
- Lansing, MI
- Founding
- 07/1975
- Data as of
- 06/2022
- EIN
- 23-7436918
Organization Overview
Midwest Collaborative For Library Services Inc is located in Lansing, MI. The organization was established in 1975. As of 06/2022, Midwest Collaborative For Library Services Inc employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Midwest Collaborative For Library Services 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 06/2022, Midwest Collaborative For Library Services Inc generated $26.3m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $26.2m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (0.4%) per year over the past 7 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 FACILITATE THE SHARING OF INFORMATION RESOURCES AMONG THE LIBRARIES OF MICHIGAN AND INDIANA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED AUTOMATED SERVICES (ACCESS TO COMPUTER NETWORKS) AND COOPERATIVE PURCHASING SERVICES WHICH ALLOWED MEMBERS TO OPERATE COST EFFECTIVELY AND OFFER EXPANDED SERVICES TO 645 MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Garrison Executive Director | Officer | 45 | $144,314 |
Debbi Schaubman Shared Library Systems Man | 45 | $108,291 | |
Mark Szidik Chief Information Officer | 45 | $105,014 | |
Jake Speer Director | Trustee | 1 | $0 |
Lisa Waskin Director | Trustee | 1 | $0 |
Denise Shorey Director | 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $25,880,669 |
| Investment income | $219,791 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$443 |
| Net Gain/Loss on Asset Sales | $206,555 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $155 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $26,325,710 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $169,536 |
| Compensation of current officers, directors, key employees. | $33,399 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,417,975 |
| Pension plan accruals and contributions | $124,290 |
| Other employee benefits | $265,895 |
| Payroll taxes | $119,979 |
| 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 | $71,031 |
| Fees for services: Other | $608,971 |
| Advertising and promotion | $0 |
| Office expenses | $72,979 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $17,341 |
| Travel | $81,990 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $16,929 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $65,336 |
| Insurance | $14,370 |
| All other expenses | $6,675 |
| Total functional expenses | $26,201,211 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100 |
| Savings and temporary cash investments | $7,618,714 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $735,266 |
| 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 | $1,278,961 |
| Net Land, buildings, and equipment | $697,471 |
| Investments—publicly traded securities | $7,065,727 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $22,994 |
| Total assets | $17,419,233 |
| Accounts payable and accrued expenses | $2,042,233 |
| Grants payable | $0 |
| Deferred revenue | $5,534,139 |
| 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 | $7,576,372 |
| Net assets without donor restrictions | $9,842,861 |
| 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 | $17,419,233 |