Valley Library Consortium Inc
- Assets
- $733.1k
- Revenue
- $386.9k
- Investments
- $0.0
- Employees
- 3
- Location
- Lansing, MI
- Founding
- 02/1983
- Data as of
- 06/2022
- EIN
- 38-2410513
Organization Overview
Valley Library Consortium Inc is located in Lansing, MI. The organization was established in 1983. According to its NTEE Classification (B70) the organization is classified as: Libraries, under the broad grouping of Education and related organizations. As of 06/2022, Valley Library Consortium Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Valley Library Consortium 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 06/2022, Valley Library Consortium Inc generated $386.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.8%) each year. All expenses for the organization totaled $542.9k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (0.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO MAINTAIN COMPUTER DATABASE/NETWORK MAINTAINED FOR AREA MEMBER LIBRARIES. THE CONSORTIUM PROVIDES SHARED AUTOMATED LIBRARY SERVICES AND OTHER COOPERATIVE PROGRAMS FOR SUCH THINGS AS COLLECTIONS, MATERIALS AND RECORDS SO THAT THE INDIVIDUAL LIBRARY DOES NOT BEAR THE ENTIRE COST OF SUCH A SYSTEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMPUTER DATABASE/NETWORK MAINTAINED FOR AREA MEMBER LIBRARIES. INFORMATION REGARDING LIBRARY COLLECTIONS AND MATERIAL AVAILABLE IS SHARED AND UPDATED TO ENHANCE INFORMATION RESOURCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randall Lee Martin Executive Director | Officer | 40 | $100,375 |
Kelli Lovasz President & Secretary | OfficerTrustee | 1 | $0 |
Maria Mccarville Vice President | OfficerTrustee | 1 | $0 |
Jenn Donner Director | Trustee | 1 | $0 |
John Clexton Director | Trustee | 1 | $0 |
John Sheridan Director | Trustee | 1 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $384,884 |
| Investment income | $1,084 |
| 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 | $386,936 |
| 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. | $99,698 |
| Compensation of current officers, directors, key employees. | $4,985 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $155,632 |
| Pension plan accruals and contributions | $30,211 |
| Other employee benefits | $21,830 |
| Payroll taxes | $31,881 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,725 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $920 |
| Information technology | $141,561 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,936 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,262 |
| Insurance | $4,191 |
| All other expenses | $0 |
| Total functional expenses | $542,872 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $110 |
| Savings and temporary cash investments | $717,905 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $1,623 |
| Net Land, buildings, and equipment | $13,507 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $733,145 |
| Accounts payable and accrued expenses | $36,549 |
| Grants payable | $0 |
| Deferred revenue | $105,270 |
| 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 | $0 |
| Total liabilities | $141,819 |
| Net assets without donor restrictions | $591,326 |
| Net assets with donor restrictions | $0 |
| 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 | $733,145 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ann Arbor District Library Ann Arbor, MI | $42,776,591 | $18,573,402 |
Tenant Resource Center Inc Madison, WI | $4,020,377 | $17,889,286 |
Reuben Mcmillan Free Library Association Youngstown, OH | $89,698,038 | $21,065,303 |
Greene County Public Library Xenia, OH | $9,776,484 | $13,108,130 |
Lake County Public Library Merrillville, IN | $39,933,908 | $12,781,082 |
Elyria Public Library Elyria, OH | $12,392,667 | $6,063,469 |
Ohionet Westerville, OH | $9,473,014 | $8,653,205 |
Ohio Governors Imagination Library Beavercreek, OH | $8,059,955 | $11,938,530 |
William A And Margaretta Taylor Memorial Association Cuyahoga Falls, OH | $3,121,756 | $3,087,926 |
Library Association Of Sandusky Ohio Sandusky, OH | $8,164,601 | $4,150,865 |
Building And Construction Resource Center Inc Portage, IN | $5,030,482 | $2,435,257 |
Board Of Trustee Of The Ida Rupp Public Library Port Clinton, OH | $4,469,575 | $2,075,205 |