Ray Naegele
doi: http://dx.doi.org/10.5195/jmla.2018.590
The table below summarizes the association’s financial status as of December 31, 2017. For a more complete audit report and related information, see the Audited Financial Statements (members only). This report includes balance sheets, fund status reports, budgeted and actual revenues and expenditures, and a schedule of investments. Members may obtain a copy of the audit report from MLA headquarters.
Table 1 Medical Library Association schedule of changes in net assets by fund year ended December 31, 2017
| Net assets January 1, 2017 | Contributions and other revenue | Invest-ment income | Net assets released from restrictions | Expenses | Net assets December 31, 2017 | |
| Unrestricted net assets | ||||||
| General operating | ($208,798) | $2,626,097 | $23,763 | $2,655,892 | ($214,830) | |
| Other funds: | ||||||
| Association stabilization | $1,532,376 | — | $211,058 | — | — | $1,743,434 |
| Capital equipment | $2,228 | — | — | — | — | $2,228 |
| Special purpose | $33,096 | — | — | $103,016 | ($136,112) | — |
| Sections | $281,063 | $49,051 | — | — | ($40,541) | $289,573 |
| Total other funds | $1,848,763 | $49,051 | $211,058 | $103,016 | ($176,653) | $2,035,235 |
| Temporarily restricted net assets | ||||||
| Ysabel Bertolucci MLA Annual Meeting Grant Endowment | $50 | — | $4,751 | ($907) | — | $3,894 |
| Estelle Brodman Award for the Academic Medical Librarian of the Year Endowment | $41,080 | — | $4,859 | ($500) | — | $45,439 |
| Naomi C. Broering Hispanic Heritage Grant Endowment | $1,006 | — | $4,201 | ($981) | — | $4,226 |
| Lois Ann Colaianni Award for Excellence and Achievement in Hospital Librarianship Endowment | $9,569 | — | $2,516 | ($500) | — | $11,585 |
| Consumer Health Librarian of the Year Award | — | — | $2,073 | — | — | $2,073 |
| Cunningham Memorial International Fellowship Endowment | $29,925 | — | $13,688 | — | — | $43,613 |
| Louise Darling Medal for Distinguished Achievement in Collection Development in the Health Sciences Endowment | $42,735 | — | $5,957 | ($1,000) | — | $47,692 |
| Janet Doe Lectureship Endowment | $30,162 | — | $4,292 | ($2,200) | — | $32,254 |
| Carla J. Funk Governmental Relations Award Endowment | $1,639 | — | $2,529 | — | — | $4,168 |
| Eugene Garfield Research Fellowship Endowment | ($3,408) | — | $20,606 | ($5,000) | — | $12,198 |
| T. Mark Hodges International Service Award Endowment | $226 | — | $274 | ($500) | — | — |
| Hospital Libraries Section/MLA Professional Development Grant Endowment | $18,087 | — | $4,576 | ($800) | — | $21,863 |
| David A. Kronick Traveling Fellowship Endowment | ($1,712) | — | $3,712 | ($2,000) | — | — |
| Joseph Leiter NLM/MLA Lectureship Endowment | $30,784 | — | $6,807 | — | — | $37,591 |
| Librarians without Borders® Ursula Poland International Scholarship Endowment | $3,137 | — | $3,733 | ($1,000) | — | $5,870 |
| Donald A. B. Lindberg Research Fellowship Endowment | $64,957 | — | $35,763 | — | — | $100,720 |
| Majors/MLA Chapter Project of the Year Endowment | $7,169 | — | $1,894 | ($1,000) | — | $8,063 |
| Lucretia W. McClure MLA Excellence in Education Award Endowment | $12,834 | — | $5,844 | ($500) | — | $18,178 |
| John P. McGovern Award Lectureship Endowment | $1,655 | — | $19,038 | ($5,000) | — | $15,693 |
| MLA Disaster Relief Fund | $6,254 | $100 | — | — | $6,354 | |
| Scholarship Endowment | ($12,402) | $27,884 | ($15,482) | — | $0 | |
| Section Project of the Year Award Endowment | $358 | — | — | ($500) | — | ($142) |
| Shaping Our Future Endowment | $11,479 | — | $8,335 | — | $19,814 | |
| Special Purpose/Librarians without Borders® | $111,185 | — | — | ($52,146) | — | $59,039 |
| Special Purpose/MLA/NLM Spectrum Scholarships | $39,000 | — | — | ($13,000) | — | $26,000 |
| Total, temporarily restricted net assets | $445,769 | $100 | $183,006 | ($103,016) | $0 | $525,859 |
| Permanently restricted net assets: | ||||||
| Ysabel Bertolucci MLA Annual Meeting Grant Endowment | $28,844 | $768 | — | — | — | $29,612 |
| Estelle Brodman Award for the Academic Medical Librarian of the Year Endowment | $29,498 | — | — | — | — | $29,498 |
| Naomi C. Broering Hispanic Heritage Grant Endowment | $25,508 | $25 | — | — | — | $25,533 |
| Lois Ann Colaianni Award for Excellence and Achievement in Hospital Librarianship Endowment | $15,275 | $100 | — | — | — | $15,375 |
| Consumer Health Librarian of the Year Award Endowment | $12,584 | $13,318 | — | — | — | $25,902 |
| Cunningham Memorial International Fellowship Endowment | $123,071 | — | — | — | — | $123,071 |
| Louise Darling Medal for Distinguished Achievement in Collection Development in the Health Sciences Endowment | $36,168 | — | — | — | — | $36,168 |
| Janet Doe Lectureship Endowment | $26,059 | $300 | — | — | — | $26,359 |
| Carla J. Funk Governmental Relations Award Endowment | $15,353 | $1,100 | $16,453 | |||
| Eugene Garfield Research Fellowship Endowment | $125,101 | — | — | — | — | $125,101 |
| T. Mark Hodges International Service Award Endowment | $4,865 | — | — | — | — | $4,865 |
| Hospital Libraries Section/MLA Professional Development Grant Endowment | $27,781 | $100 | — | — | — | $27,881 |
| David A. Kronick Traveling Fellowship Endowment | $26,990 | $276 | — | — | — | $27,266 |
| Joseph Leiter NLM/MLA Lectureship Endowment | $41,328 | $250 | — | — | — | $41,578 |
| Librarians without Borders® Ursula Poland International Scholarship Endowment | $22,665 | $150 | — | — | — | $22,815 |
| Donald A. B. Lindberg Research Fellowship Endowment | $217,124 | $900 | — | — | — | $218,024 |
| Majors/MLA Chapter Project of the Year Endowment | $11,500 | — | — | — | — | $11,500 |
| Lucretia W. McClure MLA Excellence in Education Award Endowment | $35,480 | $1,309 | — | — | — | $36,789 |
| John P. McGovern Award Lectureship Endowment | $115,585 | — | — | — | — | $115,585 |
| Scholarship Endowment | $263,954 | $38,959 | — | — | — | $302,913 |
| Shaping Our Future Endowment | $50,604 | $1,400 | — | — | — | $52,004 |
| Total, permanently restricted net assets | $1,255,337 | $58,955 | $0 | $0 | $0 | $1,314,292 |
| Total all net assets | $3,341,071 | $2,734,203 | $417,827 | $0 | ($2,832,545) | $3,660,556 |
Ray Naegele, naegele@mail.mlahq.org, Medical Library Association, 65 East Wacker Place, Suite 1900, Chicago, IL 60601-7246.
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Journal of the Medical Library Association, VOLUME 106, NUMBER 4, October 2018