Ladies Library Association Of Kalamazoo
- Assets
- $4.4m
- Revenue
- $16.4k
- Investments
- $2.1m
- Employees
- 1
- Location
- Kalamazoo, MI
- Founding
- 12/1974
- Data as of
- 12/2022
- EIN
- 38-1434048
Organization Overview
Ladies Library Association Of Kalamazoo is located in Kalamazoo, MI. The organization was established in 1974. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ladies Library Association Of Kalamazoo 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 12/2022, Ladies Library Association Of Kalamazoo generated $16.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (22.5%) each year. All expenses for the organization totaled $134.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MAINTENANCE OF MICHIGAN HISTORIC COMMISSION REGISTERED SITE NO. 221 IN DOWNTOWN KALAMAZOO, MICHIGAN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jan Symons President | 12 | $0 | |
Sharon Carlson Vice Preside | 2 | $0 | |
Lisa Salay Secretary | 2 | $0 | |
Ann Videtich Treasurer | 12 | $0 | |
Grace Kalafut Past Preside | 15 | $0 | |
Nancy Colburn Secretary | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $7,104 |
| Interest on Savings | $6 |
| Dividends & Interest | $54,526 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$65,176 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | -$3,741 |
| Other Income | $23,649 |
| Total Revenue | $16,368 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $3,799 |
| Pension plans, employee benefits | $304 |
| Interest | $0 |
| Taxes | $1,257 |
| Depreciation | $63,709 |
| Occupancy | $25,324 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $2,802 |
| Other expenses | $24,813 |
| Total operating and administrative expenses | $134,535 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $134,535 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,993 |
| Savings and temporary cash investments | $21,945 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $3,937 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $2,194,176 |
| Other assets | $58,545 |
| Total assets | $4,425,249 |
| Accounts payable and accrued expenses | $478 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $8,423 |
| Total liabilities | $8,901 |