Illinois Library Association
- Assets
- $3.7m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 5
- Location
- Chicago, IL
- Founding
- 10/1955
- Data as of
- 06/2022
- EIN
- 36-2324945
Organization Overview
Illinois Library Association is located in Chicago, IL. The organization was established in 1955. As of 06/2022, Illinois Library Association employed 5 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 06/2022, Illinois Library Association generated $3.3m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $3.1m during the year ending 06/2022. While expenses have increased by 0.7% per year over the past 4 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
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 |
|---|---|---|---|
Jeanne Hamilton President | OfficerTrustee | 2 | $0 |
Veronica DE Fazio Past President | OfficerTrustee | 2 | $0 |
Heather Jagman Vice President | OfficerTrustee | 2 | $0 |
Joe Filapek Treasurer | OfficerTrustee | 2 | $0 |
Laura L Barnes Director | Trustee | 2 | $0 |
Amber Creger 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 | $116,043 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $116,043 |
| Total Program Service Revenue | $3,109,491 |
| Investment income | $52,074 |
| 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 | $3,277,608 |
| 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. | $170,855 |
| Compensation of current officers, directors, key employees. | $46,131 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $278,452 |
| Pension plan accruals and contributions | $21,137 |
| Other employee benefits | $41,876 |
| Payroll taxes | $32,220 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $62,113 |
| Fees for services: Lobbying | $71,486 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,631 |
| Fees for services: Other | $113,162 |
| Advertising and promotion | $147,859 |
| Office expenses | $31,784 |
| Information technology | $34,921 |
| Royalties | $0 |
| Occupancy | $115,189 |
| Travel | $21,352 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $120,136 |
| Interest | $1,903 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,237 |
| Insurance | $7,547 |
| All other expenses | $25,561 |
| Total functional expenses | $3,136,905 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,083,217 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $149,774 |
| 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 | $129,038 |
| Net Land, buildings, and equipment | $17,698 |
| Investments—publicly traded securities | $1,298,833 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,678,560 |
| Accounts payable and accrued expenses | $892,103 |
| Grants payable | $0 |
| Deferred revenue | $167,148 |
| 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 | $17,694 |
| Total liabilities | $1,076,945 |
| Net assets without donor restrictions | $2,321,851 |
| Net assets with donor restrictions | $279,764 |
| 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 | $3,678,560 |