Illinois Library Association
- Assets
- $3.5m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 6
- Location
- Chicago, IL
- Founding
- 10/1955
- Data as of
- 06/2021
- EIN
- 36-2324945
Organization Overview
Illinois Library Association is located in Chicago, IL. The organization was established in 1955. As of 06/2021, Illinois Library Association employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Illinois 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 06/2021, Illinois Library Association generated $2.9m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $2.9m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (0.8%) per year over the past 6 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
TO IMPROVE AND DEVELOP LIBRARY SERVICE AND LIBRARIANSHIP THROUGHOUT THE LIBRARY COMMUNITY BY PROVIDING EDUCATION PROGRAMS AND PUBLICATIONS.
Describe the Organization's Program Activity:
ANNUAL CONFERENCE, REACHING FORWARD CONFERENCE, WORKSHOPS, FORUMS AND PROFESSIONAL DEVELOPMENT - TO PROVIDE EDUCATIONAL SUPPORT FOR MEMBERS AND ADVANCE MEMBERS' NETWORKING CAPABILITIES.
"I-READ AND OTHER PUBLICATIONS - TO DISSEMINATE PRINTED MATTER PROMOTING AND EXPLAINING THE USE OF LIBRARIES FOR EDUCATIONAL OPPORTUNITIES. THE "I-READ" PROGRAM PROVIDES SUMMER READING MATERIALS TO LIBRARY DISTRICTS.
MEMBERSHIP - TO PROVIDE JOURNAL AND WEEKLY ELECTRONIC NEWSLETTER TO MEMBERS FOR NETWORKING AND LIBRARY INFORMATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diane Foote Executive Director | 40 | $135,200 | |
Veronica DE Fazio President | OfficerTrustee | 2 | $0 |
Megan Millen Treasurer | OfficerTrustee | 2 | $0 |
Jeanne Hamilton Vice President | OfficerTrustee | 2 | $0 |
Molly Beestrum Past President | OfficerTrustee | 2 | $0 |
Laura Barnes Director | Trustee | 2 | $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 | $58,869 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $58,869 |
| Total Program Service Revenue | $2,811,781 |
| Investment income | $49,257 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,140 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,926,047 |
| 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. | $164,914 |
| Compensation of current officers, directors, key employees. | $46,176 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $269,069 |
| Pension plan accruals and contributions | $17,275 |
| Other employee benefits | $36,865 |
| Payroll taxes | $30,788 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,359 |
| Fees for services: Accounting | $55,816 |
| Fees for services: Lobbying | $63,115 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $14,250 |
| Fees for services: Other | $80,960 |
| Advertising and promotion | $96,834 |
| Office expenses | $20,988 |
| Information technology | $58,757 |
| Royalties | $0 |
| Occupancy | $95,685 |
| Travel | $2,759 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $68,798 |
| Interest | $1,511 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,139 |
| Insurance | $8,201 |
| All other expenses | $29,057 |
| Total functional expenses | $2,888,829 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $705,906 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,122,233 |
| 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 | $130,631 |
| Net Land, buildings, and equipment | $21,935 |
| Investments—publicly traded securities | $1,542,433 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,523,138 |
| Accounts payable and accrued expenses | $610,458 |
| Grants payable | $0 |
| Deferred revenue | $144,650 |
| 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 | $22,206 |
| Total liabilities | $777,314 |
| Net assets without donor restrictions | $2,456,865 |
| Net assets with donor restrictions | $288,959 |
| 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 | $3,523,138 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Illinois Library Association has recieved totaling $5,600.
| Awarding Organization | Amount |
|---|---|
Paul & Norma Schaumburg Charitable Tr Milford, IL PURPOSE: PROMOTE LIBRARY PROGRAMS | $5,600 |
Endowment Analysis
| Beg. Balance | $191,585 |
| Net Contributions | $8,852 |
| Ending Balance | $200,437 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lexington Public Library Lexington, KY | $48,466,600 | $19,057,212 |
Chicago Public Library Foundation Chicago, IL | $39,161,773 | $5,601,419 |
Illinois Library Association Chicago, IL | $3,523,138 | $2,926,047 |
Danville Library Inc Danville, KY | $6,580,525 | $1,263,979 |
Willard Library Of Evansville Evansville, IN | $2,845,085 | $1,302,512 |
Lexington Public Library Foundation Lexington, KY | $804,427 | $226,813 |
Kansas City Metropolitan Library & Information Network Independence, MO | $752,486 | $765,658 |
Mabel Tainter Literary Library & Educational Society Menomonie, WI | $4,637,206 | $653,036 |
Ligonier Public Library Ligonier, IN | $2,052,265 | $370,383 |
Taneyhills Library Club Branson, MO | $1,981,166 | $371,831 |
Southeastern Wisconsin Information Technology Exchange Inc Milwaukee, WI | $184,005 | $425,122 |
Butler County Library Board Morgantown, KY | $1,411,035 | $638,061 |