Washington Research Library Consortium
- Assets
- $16.7m
- Revenue
- $5.1m
- Investments
- $0.0
- Employees
- 21
- Location
- Upper Marlboro, MD
- Founding
- 07/1988
- Data as of
- 06/2022
- EIN
- 52-1559828
Organization Overview
Washington Research Library Consortium is located in Upper Marlboro, MD. The organization was established in 1988. 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, Washington Research Library Consortium employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Washington Research Library Consortium 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, Washington Research Library Consortium generated $5.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $5.6m during the year ending 06/2022. 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
THE WASHINGTON RESEARCH LIBRARY CONSORTIUM IS A COLLABORATIVE PARTNERSHIP PROVIDING PROACTIVE AND RESPONSIVE, INNOVATIVE, AND COST-EFFECTIVE ACCESS TO SHARED INFORMATION RESOURCES, SERVICES AND EXPERTISE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INFORMATION TECHNOLOGY SERVICES HAVE BEEN A CENTRAL FOCUS OF WRLC'S SERVICES SINCE 1990. PROVIDES ONLINE CATALOG TO NINE MEMBERS REPRESENTING OVER 20 MILLION RECORDS. DIGITAL IMAGES AND AUDIO OF UNIQUE PRIMARY SOURCE MATERIALS ALONG WITH ACCESS TO ELECTRONIC RESERVES AND OTHER CAMPUS SYSTEMS ARE PROVIDED BY WRLC.
SHARED COLLECTION FACILITY- WRLC OPERATED A SHARED STORAGE FACILITY TO FREE VALUABLE SPACE IN THE CAMPUS LIBRARIES. THE FACILITY PROVIDES HIGH DENSITY, ENVIRONMENTALLY CONTROLLED, RETRIEVABLE STORAGE FOR BOOKS, AUDIOVISUAL AND MICROFILM MEDIA AND ARCHIVAL BOXES. STUDENTS AND FACULTY MAY SUBMIT ON-LINE REQUESTS FOR ITEMS STORED USING THE ONLINE CATALOG.
RESOURCE SHARING- WRLC MEMBER LIBRARIES HAVE COMBINED RESOURCES TO CREATE A SHARED COLLECTION- A VIRTUAL LIBRARY- FOR STUDENTS AND FACULTY IN THE WASHINGTON, DC AREA. THIS PROGRAM INCLUDES RECIPROCAL BORROWING BASED ON SHARED ON-LINE CATALOG, AND CONSORTIAL LICENSING OF ON-LINE RESOURCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Robert M Groves Chair | OfficerTrustee | $0 | |
Mr Christopher Bracey Director | Trustee | $0 | |
Dr Anthony K Wutoh Vice Chair | OfficerTrustee | $0 | |
Mr L Jared Abramson Director | Trustee | $0 | |
Dr Peter Starr Director | Trustee | $0 | |
Dr Hesham El-Rewini PHD Director | Trustee | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jstor E-books Subscrp | 6/29/22 | $290,752 |
Exlibris Software Main | 6/29/22 | $1,274,173 |
Gobi Library Solution Subscription | 6/29/22 | $162,810 |
Runners Inc Delivery Servic | 6/29/22 | $159,295 |
Skyline Technology Solution It Prof. Srvcs | 6/29/22 | $157,962 |
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 | $5,015,810 |
| Investment income | $125,132 |
| 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 | $5,140,942 |
| 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. | $353,041 |
| Compensation of current officers, directors, key employees. | $69,395 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,426,863 |
| Pension plan accruals and contributions | $169,943 |
| Other employee benefits | $163,130 |
| Payroll taxes | $131,466 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,615 |
| Fees for services: Accounting | $15,248 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $53,712 |
| Fees for services: Other | $120,768 |
| Advertising and promotion | $0 |
| Office expenses | $167,167 |
| Information technology | $1,251,791 |
| Royalties | $0 |
| Occupancy | $655,901 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,661 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $805,940 |
| Insurance | $75,563 |
| All other expenses | $0 |
| Total functional expenses | $5,634,154 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $150 |
| Savings and temporary cash investments | $1,498,564 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $23,179 |
| 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 | $194,371 |
| Net Land, buildings, and equipment | $8,802,950 |
| Investments—publicly traded securities | $6,150,327 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $16,669,541 |
| Accounts payable and accrued expenses | $300,079 |
| Grants payable | $0 |
| Deferred revenue | $76,617 |
| Tax-exempt bond liabilities | $4,743,112 |
| 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 | $5,119,808 |
| Net assets without donor restrictions | $5,399,406 |
| Net assets with donor restrictions | $6,150,327 |
| 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 | $16,669,541 |