Central Minnesota Libraries Exchange

Organization Overview

Central Minnesota Libraries Exchange is located in Cambridge, MN. The organization was established in 1984. According to its NTEE Classification (B02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Education and related organizations. As of 06/2023, Central Minnesota Libraries Exchange employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Central Minnesota Libraries Exchange 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 06/2023, Central Minnesota Libraries Exchange generated $181.7k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $135.8k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (1.9%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990EZ Filing

TAX YEAR

2023

Describe the Organization's Program Activity:

Part 3

CENTRAL MN LIBRARY EXCHANGE (CMLE) SERVICES 12 LOCAL COUNTIES. CMLE ASSISTS IN THE SHARING OF LIBRARY RESOURCES AND DELIVERY OF SAID MATERIALS, LONG RANGE PLANNING FOR COOPERATIVE PROGRAMMING LIKE, BUT NOT LIMITED TO, THE DEVELOPMENT OF COOPERATIVE DATABASES AND IN THE COMMUNICATION OF ITS PARTNERS VIA PRINT AND ELECTRONIC MEANS.


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Board, Officers & Key Employees

Name (title)Compensation
Mary Wilkins Jordan
Executive Director (outgoing)
$80,997
Melissa Brechon
Executive Director (incoming)
$0
Jayne Dietz
President
$0
Wendy Kafka
Secretary
$0
Karen Pundsack
Treasurer
$0
Dorothy Kersten
Board Member
$0

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$177,980
Total Program Service Revenue$0
Membership dues$0
Investment income $3,677
Gain or Loss$0
Net Income from Gaming & Fundraising$0
Other Revenue$0
Total Revenue$181,657

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