The table below summarizes the association's financial status as of December 31, 2019. For a more complete audit report and related information, see the Audited Financial Statements 2001–2019 (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, 2019
| Net assets January 1, 2019 | Contributions and other revenue | Invest-ment return | Net assets released from restrictions | Expenses | Net assets December 31, 2019 | |
|---|---|---|---|---|---|---|
| Net assets without donor restrictions | ||||||
| General operating | ($150,671) | $2,727,216 | — | — | ($3,003,435) | ($426,890) |
| Other funds: | ||||||
| Association stabilization | $1,688,760 | — | $321,738 | — | ($39,409) | $1,971,089 |
| Capital equipment | $2,228 | — | — | — | — | $2,228 |
| Special purpose | — | — | — | $124,228 | ($124,228) | — |
| Sections | $277,213 | $41,150 | — | — | ($74,042) | $244,321 |
| Total net assets without donor restrictions | $1,968,201 | $41,150 | $321,738 | $124,228 | ($237,679) | $2,217,638 |
| Net assets with donor restrictions | ||||||
| Ysabel Bertolucci MLA Annual Meeting Grant Endowment | $31,774 | $100 | $7,425 | ($1,323) | — | $37,976 |
| Estelle Brodman Award for the Academic Medical Librarian of the Year Endowment | $73,205 | — | $7,274 | ($817) | — | $79,662 |
| Naomi C. Broering Hispanic Heritage Grant Endowment | $27,743 | $50 | $6,308 | ($2,274) | — | $31,827 |
| Lois Ann Colaianni Award for Excellence and Achievement in Hospital Librarianship Endowment | $26,818 | — | $4,038 | ($676) | — | $30,180 |
| Consumer Health Librarian of the Year Award Endowment | $25,898 | — | $6,388 | ($1,278) | — | $31,008 |
| Cunningham Memorial International Fellowship Endowment | $153,322 | — | $30,346 | ($5,321) | — | $178,347 |
| Louise Darling Medal for Distinguished Achievement in Collection Development in the Health Sciences Endowment | $82,350 | — | $8,918 | ($1,388) | — | $89,880 |
| Janet Doe Lectureship Endowment | $56,914 | $300 | $6,549 | ($785) | — | $62,978 |
| Carla J. Funk Governmental Relations Award Endowment | $19,884 | $1,442 | $4,168 | ($180) | — | $25,314 |
| Eugene Garfield Research Fellowship Endowment | $132,075 | $166 | $30,847 | ($1,342) | — | $161,746 |
| T. Mark Hodges International Service Award Endowment | $4,656 | — | $1,224 | ($53) | — | $5,827 |
| Hospital Libraries Section/MLA Professional Development Grant Endowment | $48,230 | — | $6,899 | ($693) | — | $54,436 |
| David A. Kronick Traveling Fellowship Endowment | $19,923 | — | $8,079 | ($352) | — | $27,650 |
| Joseph Leiter NLM/MLA Lectureship Endowment | $78,433 | — | $10,499 | ($10,457) | — | $78,475 |
| Librarians without Borders® Ursula Poland International Scholarship Endowment | $27,232 | — | $5,749 | ($1,250) | — | $31,731 |
| Donald A. B. Lindberg Research Fellowship Endowment | $302,139 | $5,300 | $54,376 | ($12,366) | — | $349,449 |
| Majors/MLA Chapter Project of the Year Endowment | $18,583 | — | $2,836 | ($623) | — | $20,796 |
| Lucretia W. McClure MLA Excellence in Education Award Endowment | $53,656 | $980 | $9,250 | ($903) | — | $62,983 |
| John P. McGovern Award Lectureship Endowment | $126,951 | $500 | $28,624 | ($6,246) | — | $149,829 |
| MLA Disaster Relief Fund | $6,354 | — | — | — | — | $6,354 |
| Scholarship Endowment | $253,915 | $16,870 | $85,975 | ($12,274) | — | $344,486 |
| Section Project of the Year Award Endowment | ($642) | — | — | ($500) | — | ($1,142) |
| Shaping Our Future Endowment | $69,920 | $1,600 | $12,971 | ($564) | — | $83,927 |
| Special Purpose/Librarians without Borders® | $139,081 | — | — | ($40,239) | — | $98,842 |
| Special Purpose/MLA/NLM Spectrum Scholarships | $26,000 | — | — | ($22,324) | — | $3,676 |
| Total net assets with donor restrictions | $1,804,414 | $27,308 | $338,743 | ($124,228) | — | $2,046,237 |
| Total all net assets | $3,621,944 | $2,795,674 | $660,481 | — | ($3,241,114) | $3,836,985 |