Medical Library Association Inc
- Assets
- $8.6m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 07/1997
- Data as of
- 12/2021
- EIN
- 36-0540525
Organization Overview
Medical Library Association Inc is located in Chicago, IL. The organization was established in 1997. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is a parent organization of an affiliated group for tax-exemption purposes. Medical Library Association 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 12/2021, Medical Library Association Inc generated $2.8m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $2.8m during the year ending 12/2021. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
MEDICAL LIBRARY ASSOCIATION (MLA) IS A NONPROFIT, EDUCATIONAL ORGANIZATION THAT BELIEVES QUALITY INFORMATION IS ESSENTIAL FOR IMPROVED HEALTH.
Describe the Organization's Program Activity:
ANNUAL MEETING - THE ANNUAL MEETING EDUCATES MEMBERS AND NONMEMBERS ON THE DESIGN, DEVELOPMENT AND MANAGEMENT OF HEALTH INFORMATION SYSTEMS.
MEMBERSHIP DUES - MEMBERSHIP DUES PROVIDE MEMBERS OPPORTUNITIES TO CONNECT AND SHARE IDEAS, INSIGHTS & EXPERTISES WITHIN THE PROFESSIONAL MLA COMMUNITIES. MEMBERS ALSO ENJOY ACCESS TO LEARNING THROUGH MLA CONTINUING EDUCATION OFFERINGS WHICH INCLUDE WEBINARS, WEBCASTS, AND ANNUAL MEETING CE. MEMBERS CAN ALSO FIND OPPORTUNITIES TO LEAD AND DISCOVER WITHIN THE MLA COMMITTEES AT THE LOCAL AND NATIONAL LEVELS.
EDUCATIONAL AND PROFESSIONAL DEVELOPMENT PROGRAMS - THE PROGRAMS PROVIDE CONTINUING EDUCATION IN THE MEDICAL LIBRARY FIELD. APPROXIMATELY 2,300 MEMBERS AND NONMEMBERS PARTICIPATE IN THE EDUCATIONAL AND PROFESSIONAL RECOGNITION PROGRAMS. OPPORTUNITIES TO LEAD AND DISCOVER WITHIN THE MLA COMMITTEES AT THE LOCAL AND NATIONAL LEVELS.
CERTIFICATIONS AND PUBLICATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gurpreet Kaur Rana Secretary | OfficerTrustee | 5 | $0 |
Adela Justice Community Co | OfficerTrustee | 5 | $0 |
Donna Berryman Chapter Coun | OfficerTrustee | 5 | $0 |
Kristine Alpi President El | OfficerTrustee | 5 | $0 |
Lisa Traditi President | OfficerTrustee | 5 | $0 |
Shannon Jones Treasurer | OfficerTrustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mci Usa Management | 12/30/21 | $2,054,030 |
Tecture Eftps Computer | 12/30/21 | $136,626 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $312,866 |
| All other contributions, gifts, grants, and similar amounts not included above | $73,620 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $386,486 |
| Total Program Service Revenue | $1,911,586 |
| Investment income | $55,301 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $405,623 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,758,996 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,000 |
| Grants and other assistance to domestic individuals. | $47,203 |
| Grants and other assistance to Foreign Orgs/Individuals | $30,700 |
| 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 | $2,044,774 |
| Fees for services: Legal | $7,421 |
| Fees for services: Accounting | $44,787 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $119,110 |
| Advertising and promotion | $0 |
| Office expenses | $8,226 |
| Information technology | $39,383 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,172 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $176,298 |
| Interest | $9,887 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $65,114 |
| Insurance | $14,105 |
| All other expenses | $17,844 |
| Total functional expenses | $2,780,810 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,926,821 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $38,911 |
| 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 | $152,693 |
| Net Land, buildings, and equipment | $103,018 |
| Investments—publicly traded securities | $3,364,491 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,585,934 |
| Accounts payable and accrued expenses | $53,197 |
| Grants payable | $0 |
| Deferred revenue | $493,474 |
| 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 | $4,060,071 |
| Total liabilities | $4,606,742 |
| Net assets without donor restrictions | $1,783,581 |
| Net assets with donor restrictions | $2,195,611 |
| 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 | $8,585,934 |
Grants Awarded
Over the last fiscal year, Medical Library Association Inc has awarded $23,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Chicago, IL PURPOSE: Fund Minority Scholarship | $13,000 |
Evanston, IL PURPOSE: Funding for research to improve health care | $10,000 |
Endowment Analysis
| Beg. Balance | $2,123,520 |
| Earnings | $273,157 |
| Net Contributions | $24,581 |
| Other Expense | $40,875 |
| Ending Balance | $2,400,583 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lycee Francais De Chicago Inc Chicago, IL | $48,724,560 | $20,322,112 |
Strada Collaborative Inc Indianapolis, IN | $87,757,237 | $36,146,755 |
Sertoma Centre Inc Alsip, IL | $22,208,490 | $17,472,414 |
Connected Nation Inc Bowling Green, KY | $5,021,239 | $16,572,653 |
National Association Of State Procurement Officials Lexington, KY | $137,920,901 | $31,374,950 |
Cross Trails Medical Center Cape Girardeau, MO | $16,622,925 | $13,747,968 |
Institute For Quality Education Inc Indianapolis, IN | $12,107,092 | $12,010,135 |
Lac Courte Oreilles Ojibwe School Hayward, WI | $14,755,136 | $9,679,407 |
School Smart Kc Inc Kansas City, MO | $7,202,506 | $7,640,451 |
Illinois Cpa Society Chicago, IL | $13,009,574 | $9,942,006 |
Bowling Green Warren County Primary Care Center Inc Bowling Green, KY | $15,935,520 | $7,530,325 |
Chicago Bar Foundation Chicago, IL | $2,729,689 | $8,402,012 |