Ann Arbor District Library
- Assets
- $46.7m
- Revenue
- $21.3m
- Investments
- $1.7m
- Employees
- 294
- Location
- Ann Arbor, MI
- Founding
- 04/1996
- Data as of
- 06/2024
- EIN
- 38-3279782
Organization Overview
Ann Arbor District Library is located in Ann Arbor, MI. The organization was established in 1996. According to its NTEE Classification (B70) the organization is classified as: Libraries, under the broad grouping of Education and related organizations. As of 06/2024, Ann Arbor District Library employed 294 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ann Arbor District Library 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 06/2024, Ann Arbor District Library generated $21.3m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $22.5m during the year ending 06/2024. While expenses have increased by 3.6% per year over the past 9 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
ASSURES PUBLIC OWNERSHIP OF PRINT AND DIGITAL COLLECTIONS FOR THE LIBRARY DISTRICT CITIZENS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SERVED THE PUBLIC BY PROVIDING A DOWNTOWN LIBRARY AND FOUR BRANCH LOCATIONS. SERVICES AND MATERIALS OFFERED INCLUDED BOOKS, MAGAZINES, REFERENCE MATERIALS, AUDIO-VISUAL MATERIALS, COMPUTER LABS,INTERNET ACCESS, MEETING ROOMS AND VARIOUS EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Molly Kleinman President | OfficerTrustee | 1 | $0 |
Onna Soloman Vice Preside | OfficerTrustee | 1 | $0 |
Aidan Sova Treasurer | OfficerTrustee | 1 | $0 |
Catherine Hadley Secretary | OfficerTrustee | 1 | $0 |
Lisa Campbell Trustee | Trustee | 1 | $0 |
Jim Leija Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rna Facilities Management Facilities Mgmt | 6/29/24 | $280,762 |
Westgate Enterprises Facilities Mgmt | 6/29/24 | $370,525 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $20,790,778 |
| All other contributions, gifts, grants, and similar amounts not included above | $65,577 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,856,355 |
| Total Program Service Revenue | $140,688 |
| Investment income | $284,340 |
| 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 | $21,281,383 |
| 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. | $245,176 |
| Compensation of current officers, directors, key employees. | $80,908 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,147,889 |
| Pension plan accruals and contributions | $825,249 |
| Other employee benefits | $1,524,322 |
| Payroll taxes | $801,725 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $58,309 |
| Fees for services: Accounting | $71,207 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $423,590 |
| Advertising and promotion | $240,195 |
| Office expenses | $474,081 |
| Information technology | $318,529 |
| Royalties | $0 |
| Occupancy | $1,251,892 |
| Travel | $5,923 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $22,402 |
| Interest | $76,208 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $131,357 |
| All other expenses | $54,208 |
| Total functional expenses | $22,500,797 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,059 |
| Savings and temporary cash investments | $4,970,729 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $389,604 |
| 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 | $304,179 |
| Net Land, buildings, and equipment | $32,416,278 |
| Investments—publicly traded securities | $3,158,494 |
| Investments—other securities | $1,738,813 |
| Investments—program-related | $0 |
| Intangible assets | $3,298,570 |
| Other assets | $469,704 |
| Total assets | $46,748,430 |
| Accounts payable and accrued expenses | $1,037,395 |
| Grants payable | $0 |
| Deferred revenue | $82,923 |
| 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 | $6,463,637 |
| Total liabilities | $7,583,955 |
| Net assets without donor restrictions | $0 |
| 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 | $32,484,034 |
| Retained earnings, endowment, accumulated income, or other funds | $6,680,441 |
| Total liabilities and net assets/fund balances | $46,748,430 |