Ladies Library Association Of Kalamazoo
- Assets
- $4.9m
- Revenue
- $113.8k
- Investments
- $2.7m
- Employees
- 1
- Location
- Kalamazoo, MI
- Founding
- 12/1974
- Data as of
- 12/2021
- 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 12/2021, Ladies Library Association Of Kalamazoo generated $113.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $120.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.0%) per year over the past 7 years. 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
2021
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 |
|---|---|---|---|
Sharon Carlson Vice Preside | 2 | $0 | |
Marge Kars Bldg & Groun | 12 | $0 | |
Paula Jamison Bldg & Groun | 6 | $0 | |
Judy Sherrod Board Member | 1.5 | $0 | |
Anita Mehta Board Member | 1 | $0 | |
Deb Killarney Board Member | 6 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,100 |
| Interest on Savings | $2,020 |
| Dividends & Interest | $47,705 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $46,071 |
| Capital Gain Net Income | $46,071 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $114 |
| Other Income | $13,747 |
| Total Revenue | $113,757 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $1,485 |
| Pension plans, employee benefits | $252 |
| Interest | $0 |
| Taxes | $1,435 |
| Depreciation | $56,810 |
| Occupancy | $20,304 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $2,600 |
| Other expenses | $18,463 |
| Total operating and administrative expenses | $120,569 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $120,569 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,305 |
| Savings and temporary cash investments | $11,420 |
| 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 | $2,079,919 |
| Other assets | $58,545 |
| Total assets | $4,885,361 |
| Accounts payable and accrued expenses | $508 |
| 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 | $7,995 |
| Total liabilities | $8,503 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Ladies Library Association Of Kalamazoo has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
Heller Foundation Inc C/O Joan Klimpel Godfrey & Kahnsc Milwaukee, WI PURPOSE: RECIPIENT'S DISCRETION | $500 |
Endowment Analysis
Peer Organizations
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|---|---|---|
Ohio University Foundation Athens, OH | $641,559,157 | $75,179,430 |
Iu Medical Group Foundation Inc Indianapolis, IN | $256,189,183 | $45,380,536 |
Western Michigan University Foundation Kalamazoo, MI | $431,026,780 | $43,479,998 |
Pelotonia Columbuus, OH | $27,807,886 | $34,892,875 |
Miami University Foundation Inc Oxford, OH | $724,573,926 | $28,643,439 |
Bowling Green State University Foundation Inc Bowling Green, OH | $269,755,787 | $28,051,237 |
Ball State University Foundation Muncie, IN | $262,845,495 | $25,627,270 |
The University Of Toledo Foundation Toledo, OH | $690,162,176 | $41,543,760 |
Ics Support Organization Inc Franklin, WI | $552,959,577 | $28,861,342 |
Youngstown State University Foundation Youngstown, OH | $318,269,128 | $38,933,738 |
Michigan State University Foundation East Lansing, MI | $535,425,307 | $55,850,938 |
Ivy Tech Foundation Inc Indianapolis, IN | $133,152,328 | $30,082,278 |